Palantir, AMD, Boeing, Opendoor and BP

Shares in Palantir (PLTR) rose in pre-market trading on Monday morning as the US data analytics company heads into its second-quarter earnings announcement, buoyed by investor enthusiasm over a new long-term military contract and continued demand for artificial intelligence (AI) infrastructure.

The company, known for supplying AI-driven software to government and commercial clients, has forecast second-quarter revenue between $934m and $938m (£704m) £706m), ahead of Wall Street’s consensus estimate of $899.1m. Palantir (PLTR) is scheduled to report earnings this Monday, after the US market close.

Investors pushed the stock to an all-time i) on Friday disclosed a new agreement with the US Army worth up to $10bn over the next decade. According to a company release, the deal will enable Palantir to deliver a “comprehensive framework for the army’s future software and data needs,” consolidating multiple existing projects under a single procurement umbrella.

Adding to investor optimism, Palantir (PLTR) on Friday disclosed a new agreement with the US Army worth up to $10bn over the next decade. According to a company release, the deal will enable Palantir to deliver a “comprehensive framework for the Army’s future software and data needs”, consolidating multiple existing projects under a single procurement umbrella.

While the agreement was heralded by some as a win, analysts urged caution.

“Palantir (PLTR) has had a monster run this year, up over 100%, fuelled by AI optimism and strong government demand,” said Lale Akoner, global market strategist at eToro. “But heading into Monday’s earnings, the stock feels priced for perfection.”

Akoner noted that Palantir’s (PLTR) AI platform is gaining traction in the commercial sector, particularly in the US where company-led bootcamps have driven faster adoption. However, she cautioned that the path from early-stage pilots to large-scale recurring revenue “remains more promise than proof”.

She also offered a measured view of the US Army contract, describing the $10bn figure as “a bit misleading”.

“It’s not new money, but rather a bundling of existing contracts into a single agreement,” Akoner said. “It streamlines procurement but doesn’t guarantee future spending or revenue growth.”

“What matters now is whether Palantir (PLTR) can deliver consistent topline growth, margin expansion, and clear signs of AI monetisation. With the stock trading at a sky-high multiple, any softness in results or guidance could trigger a sharp pullback. This quarter needs to deliver.”

Shares in AMD (AMD) were higher ahead of the US opening bell on Monday, as the chipmaker prepares to report second-quarter earnings after markets close on Tuesday. Investors are focused on GPU sales, AI revenue, and the company’s outlook for the second half of the year.

AMD (AMD) is expected to post Q2 revenue of $7.43bn, up 27% year-on-year, driven by strong data centre demand, according to estimates compiled by Visible Alpha. However, adjusted net income is projected to fall to $796.6m, or 48 cents per share, down from $1.26bn, or 69 cents per share, a year ago.

In May, AMD (AMD) warned it would take an $800m hit in the quarter due to tighter US export restrictions on its chips to China.

Despite that headwind, AMD (AMD) has a track record of outperforming Wall Street expectations, having beaten revenue estimates in every quarter over the past two years, with an average upside of 1.5%.

The stock has gained more than 40% in 2025 so far, closing Friday near $172, buoyed by investor optimism around its AI strategy.

Last week, UBS (UBS) raised its price target for AMD to $210 from $160, citing confidence in the company’s ability to secure regulatory approvals to resume sales of its MI308 chips to China. Bank of America (BAC) also lifted its target, increasing it to $200 from $175.

Shares in Boeing (BA) were lower in pre-market trading on Monday after union members who build the company’s fighter jets in the St Louis area voted to reject its latest contract offer and will begin to strike, according to the International Association of Machinists and Aerospace Workers.

The walkout adds further strain to Boeing’s (BA) defence and space unit, which accounted for roughly 30% of the company’s revenue in the second quarter. It marks the first time in nearly three decades that unionised defence workers at Boeing’s St Louis-area facilities have gone on strike.

Boeing’s (BA) proposal included a 20% general wage increase over four years, a $5,000 ratification bonus, and enhanced vacation and sick leave. However, the union rejected the offer, calling it insufficient.

“We're disappointed our employees rejected an offer that featured 40% average wage growth and resolved their primary issue on alternative work schedules,” Boeing said in a statement on Sunday.

Boeing (BA) added: “We are prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers.”

Boeing (BA) has been hit by a series of crises in recent years, including two fatal crashes and a mid-air blowout of a piece of one of its planes.

Shares in Opendoor (OPEN) rose 8% in early trading on Monday, ahead of the technology-driven real estate platform’s second-quarter earnings report, due after the US market close on Tuesday.

The company has seen a sharp rebound in investor attention, with the stock up 271% over the past 30 days, fuelled by a wave of retail enthusiasm and a high-profile endorsement from EMJ Capital founder Eric Jackson. In a widely circulated post on X, Jackson laid out his investment thesis and set an ambitious $82 price target for the shares, helping propel Opendoor (OPEN) into the memestock spotlight.

Last quarter, Opendoor (OPEN) beat analysts’ revenue estimates by 9.3%, reporting $1.15bn in revenue, down 2.4% year-on-year, and selling 2,946 homes, a 4.3% decline. Still, it was a standout quarter: the company exceeded EBITDA forecasts and issued guidance for the following quarter that came in ahead of analyst expectations.

Jackson described Opendoor (OPEN) as a “deep value turnaround” story, with the potential to grow annual revenue from approximately $5bn in 2024 to $12bn by 2029. He pointed to the company’s aggressive cost-cutting, leadership in its market niche, and the prospect of interest rate cuts as key tailwinds. He also called for improved management execution and operational discipline.

Retail traders piled into the stock following Jackson’s post, but some of the momentum has since cooled. Goldman Sachs (GS) currently maintains a sell rating on Opendoor, with a price target of just $0.90.

Shares in BP (BP.L) rose 1% in London on Monday after the oil major announced its largest oil discovery in 25 years, located offshore Brazil, in a move the company says underscores its upstream ambitions at a time of rising investor pressure to cut costs.

BP (BP.L) told the City it had made a significant oil and gas find at the Bumerangue prospect in Brazil’s deepwater Santos Basin, 404km from Rio de Janeiro. The exploration well was drilled to a depth of 5,855m in waters 2,372m deep. The company said it encountered a 500m hydrocarbon column in a “pre-salt carbonate reservoir” spanning over 300 sq km.

“We are excited to announce this significant discovery at Bumerangue, BP’s largest in 25 years,” said Gordon Birrell, BP’s executive vice president for production and operations. “This is another success in what has been an exceptional year so far for our exploration team, underscoring our commitment to growing our upstream. Brazil is an important country for BP, and our ambition is to explore the potential of establishing a material and advantaged production hub in the country.”

The announcement comes as BP (BP.L) prepares to update investors on Tuesday about its $5bn cost-cutting programme, under intensifying scrutiny from activist investor Elliott Management. The US hedge fund, which has built a 5% stake in BP, is pushing for deeper operating expense reductions, urging the group to target $20bn of free cash flow by 2027.

Elliott wants chief executive Murray Auchincloss to increase cost savings by an additional $5bn on top of the $4bn–$5bn target he outlined in February, based on a 2023 baseline. A person familiar with Elliott’s thinking told the Financial Times the fund had “identified tens of thousands of BP support staff globally” as an example of what it sees as an overly large and inefficient cost structure.

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