This week was a rollercoaster ride for the market, with several major companies reporting their quarterly earnings. From Palantir Technologies smashing estimates to Walt Disney delivering a billion-dollar surprise, the week was filled with unexpected turns. Let’s dive into the top stories of the week.
Palantir Tops Q1 Estimates, Raises 2026 Guidance
The AI software company reported a first-quarter revenue of $1.63 billion, surpassing analyst estimates of $1.54 billion. Adjusted earnings per share stood at 33 cents, beating the expected 28 cents. The company’s U.S. revenue saw a year-over-year growth of 104%, reaching $1.28 billion. “We have shattered the metric, a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix," said Alex Karp, co-founder and CEO of Palantir.
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Disney Delivers Billion-Dollar Surprise
Disney reported adjusted earnings of $1.57 per share for the quarter, beating the analyst consensus estimate of $1.49. Revenue increased 7% year over year to $25.17 billion, ahead of analyst estimates of $24.76 billion. The entertainment segment, which includes traditional television networks, direct-to-consumer streaming and film operations, posted revenue of $11.72 billion, up 10% from a year earlier.
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Arm Stock Races Higher After Q4 Earnings
Arm reported quarterly earnings of 60 cents per share, which beat the consensus estimate of 58 cents. Quarterly revenue came in at $1.49 billion, which beat the analyst consensus estimate of $1.47 billion.
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Samsung Joins The Trillion Dollar Club
Samsung Electronics reached $1 trillion in its market capitalization on Wednesday, joining Taiwan Semiconductor Manufacturing Company Ltd and others in the elite club. The shares of the memory maker jumped more than 10% on the day as investors continued to rotate into artificial intelligence-exposed chip names.
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Scrutiny Over Sam Altman’s Financial Links
During testimony, Greg Brockman disclosed that his OpenAI equity stake is worth nearly $30 billion, while also revealing additional financial ties to Sam Altman through stakes in Altman-backed ventures and a share in Altman’s family office. Court records showed Altman granted Brockman an interest in his personal investment fund in 2017, an arrangement that Musk’s legal team argues may have compromised Brockman’s independence.
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Anthropic Signs $1.8 Billion Akamai Cloud Deal
Anthropic has reportedly signed a $1.8 billion deal with Akamai amid surging demand for Claude AI. The deal was announced during Akamai’s first-quarter financial results, where it stated a deal with a “leading frontier model provider” without disclosing the counterparty name.
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Baidu AI Chip Arm Eyes $14.6 Billion Hong Kong IPO
Baidu’s AI chip arm, Kunlunxin, is reportedly preparing for a Hong Kong initial public offering, targeting a valuation exceeding 100 billion yuan. The move comes amid rising investor appetite for Chinese semiconductor assets.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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