Good afternoon and welcome to Markets Desk.
Palantir delivered a landmark earnings moment, with U.S. commercial revenue surging one hundred forty eight percent to nine hundred eighty four million dollars, overtaking government contracts for the first time in the company's history. That crossover signals the data analytics firm is no longer just a defense contractor — enterprise adoption is accelerating in a meaningful way.
Turning to the broader tape, the S&P five hundred's forward price-to-earnings ratio has now slipped below both its five-year and ten-year averages after going essentially nowhere for five months. That compression is drawing attention from value-oriented investors who argue the index is offering a genuine entry point, though earnings visibility remains the key variable to watch.
And Intel continues to lose friends on Wall Street — Bank of America pulling its buy rating as the chipmaker's turnaround narrative loses momentum. Despite still moving eight point one billion dollars worth of client computing chips, execution concerns are mounting, and patience among institutional holders is wearing thin with no clear catalyst on the near-term horizon.
That's the tape. Markets Desk, signing off the floor.
