📈 Stocks / Finance

Palantir Upgraded Despite Sky-High Valuation

Yahoo Finance

Palantir stock is up 97% YTD, prompting Mizuho to upgrade it to 'Neutral' with a $135 target, below its $148.58 close. Despite a 255 P/E and 90 P/S, analysts cited strong public sector growth and five straight quarters of accelerating revenue ahead of Q2 earnings on Aug. 4.

MP Materials Jumps on Apple, DoD Backing

Investopedia

MP Materials surged 20% after Apple committed $500M to the firm, days after the DoD took a 15% stake. Shares are up 70% this month. A technical breakout projects a target near $85, with key support at $39 and $30. Stock is near $57 with RSI >80, signaling overbought conditions.

Rigetti Surges After Quantum Milestone

Fast Company

Rigetti shares jumped over 30% after announcing a 99.5% two-qubit gate fidelity on its 36-qubit modular system, halving error rates and marking the largest modular quantum computer to date. RGTI hit $16.57, a six-month high, ahead of Q2 2025 results.

🪙 Crypto

Bitcoin Tops $119K as Trump Revives Stablecoin Bill

Investopedia

Bitcoin surged above $119,000 after Trump said the GENIUS Act is back on track following GOP resistance. Circle rose 14%, Coinbase also gained. The Act would allow private firms to issue stablecoins, with House passage expected Wednesday after Trump’s intervention.

🌎 Global Economy

UN warns tariffs could cut LDC exports by over 50%

CNBC

UNCTAD's Rebeca Grynspan warns Trump’s proposed tariffs could slash exports from least developed countries by up to 54%. Global GDP forecast cut to 2.3%. Disruptions from Red Sea attacks may add 0.6% to prices. Business uncertainty is slowing trade and investment.