Benzinga Bulls And Bears: Palantir, Marvell, AppLovin

Tech Stocks Break Out: The Next Leg of the Bull Market

After four and a half months of consolidation, technology stocks are breaking out to the upside, led by semiconductor and AI-related companies. Despite concerns about AI safety and higher interest rates, the underlying economics of AI infrastructure investment remain strong, with demand for computing power continuing to expand beyond GPUs to CPUs, memory, and networking equipment. Bitcoin's rally signals returning risk appetite among investors.

Shares of semiconductor companies are trading higher amid overall market strength and easing inflation concerns as investors return to AI-related companies.

Shares of chip companies are trading higher amid overall market strength, falling yields and declining oil prices. The industry may be boosted by recent talks between Intel and SK Hynix regarding U.S. chip manufacturing.

ALAB Broadens Leo Portfolio: Can It Stay Ahead of MRVL & CRDO?

Astera Labs (ALAB) has expanded its Leo Smart Memory Controller portfolio with new X-Series and Leo 2 E/P Series products targeting agentic AI and cloud workloads. The company reported record Q2 2026 revenue growth and expects Q3 revenues between $540-560 million, representing ~40% sequential growth. ALAB faces competition from Marvell Technology and Credo Technology in the AI connectivity space.

Viant (DSP) Moves 18.6% Higher: Will This Strength Last?

Viant Technology (DSP) shares jumped 18.6% to $11.88 on strong volume, driven by broad-based growth across verticals, particularly in Connected TV and AI utilization. The company is expected to report quarterly earnings of $0.18 per share (+50% YoY) with revenues of $109.15 million (+27.5% YoY). However, with unchanged earnings estimate revisions over the past 30 days, the stock carries a Zacks Rank #3 (Hold) rating. AppLovin (APP) also mentioned as a comparable technology services stock, declined 4.2% to $308.06.

Full Transcript: AppLovin Q2 2026 Earnings Call

AppLovin (NASDAQ:APP) reported second-quarter financial results on Wednesday. The transcript from the company's second-quarter earnings call has been provided below. Benzinga APIs provide real-time access to