--- title: "U.S. stock market update: FatPipe rises 13.49%, with a 70% surge in earnings attracting attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/294715712.md" description: "Fatpipe rose 13.49%; Palantir Tech rose 1.32%, with a trading volume of USD 2.277 billion; S&P 500 rose 2.43%, with a trading volume of USD 836 million; IREN rose 6.02%, with a trading volume of USD 832 million; SAP rose 3.05%, with a market capitalization of USD 218.4 billion" datetime: "2026-08-03T15:52:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294715712.md) - [en](https://longbridge.com/en/news/294715712.md) - [zh-HK](https://longbridge.com/zh-HK/news/294715712.md) generator: "portal-rs" --- # U.S. stock market update: FatPipe rises 13.49%, with a 70% surge in earnings attracting attention **U.S. Stock Market Midday Update** Fatpipe rose by 13.49%. Based on recent key news: 1. On July 30, Fatpipe released its financial report showing a year-on-year sales increase of 27%, a net income growth of 65%, and earnings per share rising to $0.09. Channel partnerships and product innovation drove larger-scale transactions, including a $7 million contract, with gross margins maintained at 92-93%. This strong financial performance boosted market confidence and drove the stock price up. 2. On July 30, Fatpipe published original content through PR Newswire, emphasizing its success in channel partnerships and product innovation. These factors collectively contributed to the company's performance improvement, further driving the stock price up. 3. On July 31, Reuters mentioned Fatpipe's strong performance in automated and AI-generated news reports, further attracting investor attention and causing the stock price to continue rising. Innovation in the tech industry drives growth. **Stocks Ranked Among the Top in Industry Transaction Volume** Palantir Tech rose by 1.32%. Based on recent key news: 1. On August 3, Palantir released its second-quarter financial report, expecting revenue growth of over 80%, reaching $1.801 billion, which drove the stock price up. Analysts expect earnings per share to be $0.35, significantly up from $0.16 in the same period last year. 2. On August 3, market funds shifted from semiconductor stocks to high-growth tech stocks, driving Palantir's stock price up. Strong performances from tech giants like Microsoft boosted the entire software sector. 3. On August 3, analysts generally have a positive outlook on Palantir's growth prospects, with Rosenblatt Securities reiterating a buy rating and a target price of $225, indicating a 54% upside from current levels. The software sector is showing signs of recovery, with noticeable capital inflows. Salesforce rose by 2.43%. Based on recent news: 1. On August 3, Salesforce launched a new AI platform, Agentforce, enhancing its product integration capabilities and driving the stock price up. The platform supports integration with various software, including HubSpot and Microsoft Copilot, boosting market confidence in Salesforce's technological innovation. 2. On August 2, market analysts maintained a "moderate buy" rating on Salesforce but noted that five other stocks have greater investment value. This news did not significantly impact Salesforce's stock price but reflected the market's cautious attitude towards its future performance. 3. On July 31, the AI platform Callimacus, supported by Salesforce, launched a dynamic shopping experience, replacing traditional website navigation and further enhancing its competitiveness in the e-commerce sector, driving the stock price up. The integration of AI technology propelled Salesforce's stock price upward IREN rose by 6.02%. Based on recent key news: 4. On July 20, IREN signed a new customer contract worth $2.8 billion and raised its annual recurring revenue target for 2026. This news boosted market confidence and drove the stock price up. 5. On August 1, FactSet's latest survey showed that the median earnings per share estimate for IREN by 13 analysts was revised down from -0.43 yuan to -0.44 yuan, with a target price of 85.50 yuan. The analysts' downward revision reflects market concerns about the company's future profitability, but the target price still indicates some upside potential. 6. On July 31, Poxel delayed the release of its 2025 financial statements due to complex IFRS debt valuation issues. This event drew market attention to related companies, indirectly affecting IREN's stock performance. The overall market performed well, with noticeable capital inflows. **Stocks ranked at the top of the industry by market capitalization** SAP rose by 3.05%, with increased trading volume. Based on recent key news: 1. On July 31, Harald Tschira increased his voting shares in SAP from 0.57% to 4.22%, triggering a voting agreement. This news enhanced market confidence in the company's governance structure, driving the stock price up. 2. On July 30, SERgroup's Doxis unit received the "RISE with SAP" certification for SAP S/4HANA, supporting customers' clean core upgrade strategies. This certification boosted market confidence in SAP's products, facilitating the rise in stock price. 3. On July 31, SAP Fioneer announced that it would help banks and insurance companies achieve transformation and growth through digital business innovation, cloud technology, and end-to-end solutions. This news further strengthened market expectations for SAP's future growth potential, driving the stock price up. The technology sector performed strongly overall, with noticeable capital inflows ### Related Stocks - [FATN.US](https://longbridge.com/en/quote/FATN.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [CRM.US](https://longbridge.com/en/quote/CRM.US.md) - [IREN.US](https://longbridge.com/en/quote/IREN.US.md) - [SAP.US](https://longbridge.com/en/quote/SAP.US.md) ## Related News & Research - [Security Risk Advisors Launches SCALR AI as a Free SOC AI Platform for Security Teams](https://longbridge.com/en/news/297523531.md) - [Alset AI Ventures Inc. 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