
Apple reported strong fourth-quarter revenue but missed on iPad sales and margin forecasts, while Palantir beat estimates.
Apple and Palantir shares dropped in Tuesday premarket trading following their post-bell earnings reports on Monday, with Apple falling 4.4% and Palantir losing 5.9% despite mixed results.
AI-generated summary
Apple and Palantir released their earnings reports after the bell on Monday.
Apple and Palantir shares fell in premarket trading Tuesday after both announced earnings after the bell on Monday.
Apple dropped 4.4% and Palantir lost 5.9%.
The iPhone-maker reported better-than-expected revenue in its fourth-quarter earnings, but fell short of estimates on iPad sales and issued a margin forecast that disappointed investors.
Palantir beat Wall Street's third-quart estimates, with with U.S. commercial revenue topping government for the first time.

Apple and Palantir shares dropped in premarket trading Tuesday after releasing quarterly earnings. Apple reported strong fourth-quarter revenue alongside a disappointing margin forecast, while Palantir beat estimates despite a slowdown in commercial TCV bookings growth.

US tech giants have issued billions in bonds to fund AI build-outs, competing with European governments and companies for investor capital and driving up bond yields.

Danish biotech Genmab's shares doubled in three months after three successful Phase 3 cancer drug trials in October, bolstering CEO Jan van de Winkel's strategy to retain greater ownership and revenue from its medicines.

Brookfield and its neocloud platform Radiant have partnered with Drax Group to develop a massive AI data center in North Yorkshire, England, with potential total investments exceeding £20 billion.

Virgin Media O2 plans to cut thousands of jobs and reduce its wage bill by 30% over two years as part of an £800m cost-cutting drive to tackle its £22bn debt pile.

Blackstone President Jon Gray said AI infrastructure financing will require more equity as lenders face concentration risks, speaking at the Hong Kong Monetary Authority summit. Pimco CEO Emmanuel Roman warned AI capital spending could reach $10 trillion over five years, with $550 billion in AI debt already issued this year, calling the scale potentially "too much" for markets to absorb.