Tech Up as AI Bets Gain Momentum — Tech Roundup

Tech stocks rose as AI momentum grew. Palantir shares hit record highs on strong demand, while SpaceX surged post-lockup without selling pressure. Airbnb rallied to its highest since 2022 after beating earnings expectations.

Shares of technology companies rose as artificial-intelligence bets continued to gain momentum.

Palantir shares registered one of their strongest weeks on record after the provider of AI-backed consulting services reported what its chief executive Alex Karp described as "otherworldly" levels of demand.

SpaceX shares surged after the "lockup" period in the wake of the artificial-intelligence and rocketry firm's initial-public offering ended without an anticipated wave of selling.

Airbnb shares rallied to their highest level since 2022 after the home-rental platform posted earnings ahead of Wall Street expectations.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

August 07, 2026 18:09 ET (22:09 GMT)

FLYU