Palantir (PLTR) crushed expectations last night. Revenue hit $1.633 billion (+85% YoY) and EPS of $0.33 beat consensus by 17.86%. The stock rose 1.47% in after-hours to $147.83.
Even more striking, US revenue grew 104% YoY, breaching 100% for the first time since the DPO. Palantir's Rule of 40 score landed at 145%, up from 127% last quarter.
Tonight, AMD faces the same high bar. Consensus calls for EPS of $1.29 on revenue of $9.89 billion. The question: can AMD match Palantir's momentum?
Tonight's Watchlist 📈
| Stock | Movement | What to Watch |
|---|---|---|
| AMD | $341.54 (-5.27% Mon) | Consensus EPS $1.29 (+34% YoY), revenue $9.89B. Focus on MI300X traction, TSM capacity, Q2 guide. |
| PLTR | $147.83 (+1.47% AH) | Big beat overnight. Watch for follow-through in regular session today. |
| NVDA | AMD comp read | AI accelerator sentiment today will follow AMD's print. |
| AVGO | AI infra benchmark | Broadcom as AI infrastructure spending proxy. |
| TSM | Capacity proxy | 3nm allocation to AMD is the key to production guidance. |
Tonight's Catalysts 🧨
AMD reports post-market, the bar is high
AMD closed at $341.54 after a 5.27% pullback Monday from the $360 peak. The setup is tricky: shares rallied 88% since March, valuation is premium, and PLTR just raised the bar.
What investors will monitor: MI300X adoption at Microsoft Azure, Meta, and Google. TSM 3nm capacity allocation. And whether AMD beats and raises guidance the way PLTR did. A beat alone is not enough, the market wants confidence on sustainability.
ISM Services PMI at 10:00 AM ET
Consensus is ~54.0. March came in at 54.0, February at 56.1. Services sector is 70%+ of US economy, making this a leading indicator for GDP. The Prices Index is in focus: if it stays elevated, the sticky inflation narrative adds pressure on the Fed to hold rates longer.
Other earnings today
Pfizer (PFE) reports pre-market with focus on non-COVID pipeline and patent cliff margin pressure. Rivian (RIVN) post-market on EV production numbers and path to profitability. Shopify (SHOP) post-market on GMV growth and e-commerce health.
Pre-market Pulse 📊
S&P 500 futures at 7,263 (+0.07%) and Nasdaq 100 at 27,897 (+0.22%) point to a quiet setup after Monday's Dow drop of 559 points (-1.13%). AI names are in focus: PLTR follow-through from the +1.47% AH print, and AMD anticipation into tonight's earnings. Enterprise AI software like SNOW, DDOG, NET could ride PLTR sentiment.
Macro Note 📝
Brent crude at $113.66 (-0.7%), easing slightly but still elevated from yesterday's Iran spike. USD/IDR at 17,427 (+0.21%), rupiah a touch weaker. 10Y Treasury yield 4.43%. VIX at 18.29 (+7.65% Monday) as volatility builds into the AI earnings cluster.
What AI stock are you watching into AMD earnings tonight?
