U.S. stock futures were subdued after the Apple and Palantir reports, while the Nasdaq Composite fell 1.07% in the prior session on worries over AI infrastructure spending. Apple's fiscal fourth-quarter EPS rose 14% to $2.10 on sales of $114.5 billion, but its gross margin guidance of 45% to 46% fell short of the 47% expected, and its shares dipped after hours. Palantir's sales surged 96% to $2.31 billion, but total contract value growth slowed to 6% from 49% in the second quarter, which weighed on its shares. Investors are also watching the U.S. midterm elections, where AI and affordability are key issues, and oil prices, which edged higher after a sharp drop following a reported U.S. strike on Iran's Qeshm Island.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
earningsAAPLPalantirartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Apple and Palantir shares slide in premarket trading following post-bell earnings
Shares of Apple and Palantir fell in premarket trading on Tuesday after both companies reported earnings after the close on Monday. Apple dropped 4.4% and Palantir lost 5.9%. Apple posted fourth-quarter revenue above expectations, but iPad sales fell short of estimates and its margin forecast disappointed investors. Palantir beat Wall Street’s third-quarter estimates, and its U.S. commercial revenue topped government revenue for the first time.
- Options traders are getting anxious on Palantir and Apple ahead of earnings
Options data show a surge in bearish trading ahead of Palantir and Apple earnings Monday afternoon, even as both stocks have diverged from the broader AI trade. By midday, 385,000 of the 620,000 Apple options traded were puts, with at least 113,000 likely bought by buyers, versus 64,000 calls bought, according to Cboe LiveVol data. Apple's put prices reached the 86th percentile of the past year, compared with the 51st for calls, and options imply just under a 4% move against an average 2.5% post-earnings swing over the past two years. For Palantir, put prices sit at the 97th percentile and calls at the 76th, with market-makers pricing an 11.5% implied move versus a 10% average. The stock rallied almost 30% after its last report but sold off after May's earnings.
- Marvell, Lumentum, Oracle, SpaceX, Rivian, Apple, Palantir, and More Stocks That Explain Today’s Market
Apple and Palantir are scheduled to report quarterly earnings after the market closes on Monday.
- Apple And Palantir To Kick Off Tech Earnings In Another Crucial Week, AMD To Settle Chip Debate After Intel's Warning
Investors are heading into a key earnings week after last week's sharp selloff following weak reports from Alphabet, Intel and Amazon. Apple and Palantir report on Nov. 2 after the close, with Apple's revenue expected to rise 11% to $113.35 billion, its slowest growth in four quarters, and Palantir's Q3 revenue expected to rise 85% to $2.18 billion, with adjusted profit seen up 94% to $0.41 per share. AMD reports on Nov. 3, and its results will help determine whether Intel's weakness is company-specific or reflects a broader problem in the chip market, with Q3 revenue expected to rise 42% to $13.01 billion. Snap reports on Nov. 4 with revenue expected to rise 15% to $1.73 billion, after Alphabet and Reddit gave mixed signals on the ad market.
- What to Expect in Markets This Week: Apple, Palantir Report; October Jobs Data Lands
This week, investors will hear from Apple, under its new CEO, and several tech companies supplying the AI buildout, while Palantir also reports. The previous week ended with a bruising selloff, and October jobs data is due out.
- Dow Jones Futures Loom After Stock Market Sell-Off; Apple, Palantir, Midterm Elections In Focus
Technology stocks led another sell-off in the stock market. The article says it is a time to be defensive, with Apple, Palantir, jobs data and midterm elections on the horizon.
Related markets
Latest news
- Why I Still Wouldn't Buy Nike Stock in November
Nike's dividend yield is 4.2%, but the author argues that more factors than yield need to be considered. For fiscal 2027 first quarter, revenue fell 4% to $11.2 billion and net income dropped 2% to $712 million, while Nike announced a restructuring plan that may lead to layoffs and forecast a high-single-digit percentage revenue decline for the full year. The stock is down about 39% so far in 2026. Still, Nike has paid and increased its dividend for 24 consecutive years, and the CFO stressed that the dividend is a significant priority. The author still does not consider Nike a suitable choice for new positions in November or for the rest of the year, as the market continues to view it as a growth stock and a falling share price could erode the dividend's appeal.
- What analysts are saying as Apple's stock falls after earnings report
Apple shares fell 4.5% in premarket trading as investors were disappointed by the company's gross margin outlook and slowing growth in services revenue.
- North Korea Denies $6.3B Binance Hack, Calls FBI Finding a 'Political Provocation'
North Korea has denied involvement in the Binance hack, with Kim Yo Jong calling U.S. accusations a “sinister” attempt to damage the country's image and criticizing the Trump administration's plan to use confiscated crypto as a strategic reserve. The FBI attributed the theft to TraderTraitor, the group it also blamed for the $1.5 billion Bybit hack in February 2025, with about $2.85 billion of the $6.43 billion stolen frozen or seized. The funds are being laundered across about 12,000 wallets, with a new wallet created roughly every 25 seconds. Binance said net withdrawals reached $4.72 billion since withdrawals resumed on Sunday, hourly deposits exceeded withdrawals by late Monday, and it has covered about 95% of stolen assets.
- Why Palantir stock doesn't deserve to be caught up in the AI stock meltdown
Palantir (PLTR) shares fell about 6% in premarket trading on Tuesday, though analysts largely defended the stock after a third-quarter report that beat expectations. Revenue growth accelerated to 96% from 93% last quarter, US commercial sales rose 148% year over year, and commercial revenue surpassed government revenue for the first time. Palantir raised full-year adjusted operating profit guidance by $354 million to $5.247 billion and free cash flow guidance by $300 million to $4.9 billion. D.A. Davidson's Gil Luria called Palantir the best story in software, while Yorkville Ives' Dan Ives said 2027 is the inflection year for AI monetization and that Palantir remains his top pick in software.
- IonQ vs. Rigetti Computing: Which Is the Better Quantum Computing Stock to Own for the Next 5 Years
The article compares IonQ, which uses trapped-ion technology, with Rigetti Computing, which uses superconducting qubits. IonQ unveiled a 256-qubit computer this year, aims for two million qubits by 2030, and reached 99.99% two-qubit gate fidelity; its second-quarter revenue soared 287% to $80 million. Rigetti's Cepheus-1-108Q operates at a 60-nanosecond gate speed and its latest revenue rose 185%, but more than 90% of its revenue comes from government contracts, and it targets 1,000 qubits within three years. Both stocks have fallen more than 30% this year. The author judges IonQ the better option for the next five years, citing lower risk, strong growth and $3 billion in cash.
- US Stock Futures Trade Mixed Premarket As AAPL Margin Concerns Weigh On Tech — PLTR, AMD, AEHR In Focus
U.S. stock index futures traded mixed before the open as investors weighed Apple's (AAPL) earnings ahead of the midterm elections. Apple fell 4.5% after indicating its gross margin would remain under pressure from surging memory chip prices, even though overall revenue and iPhone sales topped expectations. Palantir (PLTR) dropped more than 5% despite adjusted earnings of $0.44 per share beating the $0.41 consensus, while Aehr Test Systems (AEHR) jumped 15.5% after posting record revenue of $33 million, up 200% from a year earlier. Oracle (ORCL) rose 0.4% after announcing plans to raise $20 billion through equity and bond offerings, and Brent crude gained more than 1.3% to $106.13 a barrel after reports of a U.S. strike on Iran's Qeshm Island.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.