Syz the moment

Palantir topped Wall Street’s estimates Monday, surpassing $1 billion in quarterly revenue for the first time, and hiking its full-year guidance. Shares rallied more than 5%. • Sales $1.0B vs Est. $939M • EPS $0.16 vs Est. $0.13 • US Commercial: $306M -- up 93% YoY • Customer count up 43% YoY Q3 Outlook • Sales $936M vs Est. $899M • Operating Profit $495M vs Est. $417M FY25 Outlook • Sales $4.14B vs Est. $3.90B • Operating Profit $1.92B vs Est. $1.72B Source: Shay Boloor @StockSavvyShay, CNBC

US technology and tech-related stocks now account for ~55% of the US stock market, the highest share EVER. It has exceeded the 2000 Dot-Com Bubble levels by ~5 percentage points. By comparison, defensive stocks now reflect ~18% of the market. Source: Global Markets Investor

Source: BofA

Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe. Robinhood’s push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing stock token trading for users in the European Union. Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced on Monday. Robinhood’s stock tokens will have zero commissions and be available for trading 24 hours a day, five days a week.

Goldman Non-Profitable hashtag#Tech Index has gained 50% since the April low. Source: Bloomberg, Goldman Sachs

Over the past 5 years, it has outperformed: • Microsoft • Apple • Google Source: Brew markets

source : barchart

Walmart, Amazon, and Expedia exploring stablecoins? Major retailers are looking into issuing or using stablecoins to streamline payments, cut fees, and accelerate settlement—especially across borders according to the WSJ. Their next move may hinge on the Genius Act, a bill aiming to create a clear U.S. regulatory framework for stablecoins. Source : wsj