The S&P 500 rose on Tuesday, boosted by Palantir Technologies and a bounce in gold and silver, after U.S. equities posted a strong start to the new trading month.

Shares of Palantir jumped 11% after the defense tech company gave strong fourth-quarter financial results and upbeat guidance. Additionally, robotics play Teradyne surged 22% after posting a solid outlook for the first quarter, calling for revenue that surpassed expectations. Elsewhere in tech, shares of Alphabet were more than 1% higher ahead of its earnings results Wednesday.

Silver and gold prices rebounded Tuesday after settling lower on Monday, with spot gold up 5% and spot silver up 9% on the day. Alongside the two metals coming under pressure in the prior day, bitcoin dropped to its lowest level since April, signaling investors’ decreasing appetite for risk. Gold and silver had also sold off hard on Friday.

Major stock averages rose across the board in the previous session. The 30-stock Dow jumped about 515 points, or 1.05%. The S&P 500 advanced 0.5%, and the tech-heavy Nasdaq Composite gained almost 0.6%. Hot artificial intelligence infrastructure stocks Sandisk, Western Digital and Seagate all ended the session higher. However, Nvidia fell nearly 3% after The Wall Street Journal reported late last week that the chip company’s plans to invest in OpenAI have stalled.

Investors this week are digesting more than 100 S&P 500 companies reporting earnings results. In addition to Alphabet, fellow “Magnificent Seven” giant Amazon is slated to report later this week. Tech earnings will be in focus as investors look for signs of AI-driven efficiency and profit growth, particularly after the market’s unforgiving reaction to Microsoft’s results last week.

“The themes that have been driving risk assets higher — the Federal Reserve obviously not tightening rates, probably reducing rates a little bit more this year, the strong economy and profit backdrop and the tariff story not getting worse ... you still have those tailwinds in place,” Solus Alternative Asset Management strategist Dan Greenhaus said Monday on CNBC’s “Closing Bell.” “The AI story is still driving markets.”

“I think when you put all of that together, you might get a little more volatile in February, but what’s driving the market is still there,” Greenhaus added.