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Wix AI Strategy Powers 15% Revenue Jump as Base44 Surges to $150M in Record Time

Wix.com posted strong Q2 2026 results with 15% revenue growth to $563.1 million, beating estimates. The company's AI strategy is paying off as Base44, its AI-powered code generation platform, reached $150 million in annualized recurring revenue just months after acquisition—making it one of the fastest-growing software platforms in history.

Business2 sources

Wix AI Strategy Powers 15% Revenue Jump as Base44 Surges to $150M in Record Time

Business2 sources

AI-Linked Stocks Drive S&P 500 and Dow to Record Highs Amid Strong Earnings Season

Strong AI-driven demand forecasts from Palantir and ON Semiconductor pushed stock futures higher, with the S&P 500 and Dow Jones Industrial Average hitting record highs. The rally comes as 85.2% of companies beat second-quarter earnings estimates, while Middle East deal hopes and Federal Reserve policy decisions keep investors cautious about future rate moves.

Business5 sources

AI-Linked Stocks Drive S&P 500 and Dow to Record Highs Amid Strong Earnings Season

Business5 sources

Spotify Profits Take Hit as Company Doubles Down on AI Investments Despite 300M Paid Subscribers

Spotify reported lower-than-expected profits as operating expenses surged 19% due to AI investments and marketing spend. The streaming giant now has 300 million paid subscribers and 777 million monthly active users, but its stock fell 8% as investors question whether AI features can justify mounting costs.

Business5 sources

Spotify Profits Take Hit as Company Doubles Down on AI Investments Despite 300M Paid Subscribers

Business5 sources

AI Boom Propels S&P 500 to 47% Earnings Growth, But One-Time Gains Tell a Different Story

The S&P 500 posted explosive 47% earnings growth in Q2 2026, driven by the AI boom and Big Tech investments in Anthropic and OpenAI. But when stripping out one-time investment gains from Amazon and Alphabet, the actual growth rate drops to 29%, revealing how AI-related equity stakes are distorting the corporate earnings picture.

Business3 sources

AI Boom Propels S&P 500 to 47% Earnings Growth, But One-Time Gains Tell a Different Story

Business3 sources

Snap CEO Evan Spiegel: AI Glasses Mass Adoption Years Away Despite Strong Q2 Revenue Growth

Snap beat Q2 revenue expectations with $1.6 billion, up 19% year-over-year, as CEO Evan Spiegel positioned the company's $2,195 augmented reality glasses as its biggest bet on the future. Despite unveiling SPECS in September, mass market adoption won't arrive until the end of the decade as Snap pursues an AI-powered computing platform designed to reduce screen time.

Business2 sources

Snap CEO Evan Spiegel: AI Glasses Mass Adoption Years Away Despite Strong Q2 Revenue Growth

Business2 sources

Grab's AI-Driven Growth: CFO Reports 3x Faster Shipping as Company Raises 2026 Financial Performance Outlook

Southeast Asia's leading ride-hailing and delivery firm Grab raised its full-year revenue and profit forecasts after AI helped ship products three times faster and cut nearly 40,000 hours of sales inefficiencies. The company reported second-quarter revenue of $997 million, up 22% year-over-year, while EBITDA margins expanded to 16.9% from 13.3%.

Business4 sources

Grab's AI-Driven Growth: CFO Reports 3x Faster Shipping as Company Raises 2026 Financial Performance Outlook

Business4 sources

Palantir's Alex Karp Attacks Frontier AI Labs Over 'Marxist Overtones' After Record $1.9B Quarter

Palantir CEO Alex Karp escalated his criticism of frontier AI labs like OpenAI and Anthropic, accusing them of Marxist overtones and attempting to colonize enterprises. His comments came as Palantir reported blowout earnings with $1.9 billion in revenue, up 93% year-over-year, while advocating for AI sovereignty and enterprise autonomy in AI adoption.

Technology3 sources

Palantir's Alex Karp Attacks Frontier AI Labs Over 'Marxist Overtones' After Record $1.9B Quarter

Technology3 sources

ON Semiconductor Expects AI Data Center Revenue to Double in 2026 as Q2 Earnings Beat Estimates

ON Semiconductor reported second-quarter revenue of $1.6 billion, surpassing analyst expectations as demand for power management chips in AI data centers accelerated. CEO Hassane El-Khoury revealed the company prioritized AI data center customers over automotive clients, shifting manufacturing capacity to meet surging demand for intelligent power solutions.

Business5 sources

ON Semiconductor Expects AI Data Center Revenue to Double in 2026 as Q2 Earnings Beat Estimates

Business5 sources

Palantir Raises Revenue Forecast as AI Software Demand Drives 93% Growth in Q2 2026

Palantir lifted its annual revenue forecast to $8.15 billion after reporting 93% revenue growth in Q2 2026, driven by surging demand for its AI software. US commercial sales jumped 149% to $764 million as enterprises prioritize data sovereignty over reliance on frontier AI labs like OpenAI, Google, and Anthropic.

Business25 sources

Palantir Raises Revenue Forecast as AI Software Demand Drives 93% Growth in Q2 2026

Business25 sources

Amazon Joins $3 Trillion Club as AI Demand Powers AWS to Fastest Growth in Four Years

Amazon market capitalization surpassed $3 trillion for the first time, fueled by artificial intelligence optimism and Amazon Web Services revenue hitting $42.2 billion with 37% growth. CEO Andy Jassy raised capital expenditure projections to $220 billion as AI demand outpaces capacity.

Business7 sources

Amazon Joins $3 Trillion Club as AI Demand Powers AWS to Fastest Growth in Four Years

Business7 sources

SpaceX's First Public Earnings Report: $15.8 Billion AI Spending Triggers 10% Stock Drop

SpaceX posted $7.8 billion in Q2 revenue, beating estimates by 92%. But capital expenditures on AI infrastructure soared to $15.8 billion—more than double the previous quarter. Despite cloud computing contracts with Anthropic and Google, investor concerns over aggressive AI spending sent shares tumbling 10%.

Business34 sources

SpaceX's First Public Earnings Report: $15.8 Billion AI Spending Triggers 10% Stock Drop

Business34 sources

Intellect Q1 FY27 Revenue Surges 19% to ₹872 Cr as AI-First Banking Strategy Gains Momentum

Intellect Design Arena delivered robust Q1 FY27 results with revenue climbing 19% year-over-year to ₹872 crores, driven by strong demand for its eMACH.ai and Purple Fabric platforms. The Chennai-based FinTech firm's LTM PBT crossed the ₹500 crore milestone as 19 new customers chose its AI-first banking solutions, reinforcing its position as a global financial technology leader serving 500+ institutions across 62 countries.

Business2 sources

Intellect Q1 FY27 Revenue Surges 19% to ₹872 Cr as AI-First Banking Strategy Gains Momentum

Business2 sources

Kioxia Reports 45-Fold Profit Surge Driven by AI Demand for NAND Flash Memory

Japanese chipmaker Kioxia posted a staggering 45-fold increase in quarterly net profit to $5.3 billion, driven by AI-driven demand for NAND flash memory chips. Despite missing analyst estimates, the company announced an $800 billion buyback and 3-for-1 stock split while navigating intense competition from Samsung Electronics and SK hynix.

Business3 sources

Kioxia Reports 45-Fold Profit Surge Driven by AI Demand for NAND Flash Memory

Business3 sources

MediaTek Secures $5 Billion War Chest to Challenge Broadcom in AI Datacenter Chips Market

Taiwan's largest chip designer MediaTek approved $5 billion in financing to expand into AI datacenter chips, targeting 15-20% of an $80 billion market by 2027. The company expects its first custom AI chip to enter production in Q4 2026, with AI datacenter ASIC revenue projected to exceed $2 billion this year as it pivots away from a declining smartphone business.

Business4 sources

MediaTek Secures $5 Billion War Chest to Challenge Broadcom in AI Datacenter Chips Market

Business4 sources

Monolithic Power Systems stock surges 11% as AI server demand drives Enterprise Data revenue up 164%

Monolithic Power Systems stock jumped 11% in after-hours trading following strong Q2 results that beat Wall Street estimates. Revenue reached $980.6 million, up 47.6% year-over-year, driven by Enterprise Data segment growth of 164.3%. The chipmaker raised Q3 guidance and expanded share buyback authorization to $1 billion.

Business2 sources

Monolithic Power Systems stock surges 11% as AI server demand drives Enterprise Data revenue up 164%

Business2 sources

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