TradingKey – Earnings Week 2026 is officially here, and the numbers speak volumes. Microsoft (MSFT) and Amazon (AMZN) stock price rose by 16% and 10% respectively. While Meta (META), Apple (AAPL), and KOSPI prices fell by 10%, 4%, and 17.9% respectively. What these numbers show is that the demand for AI is present, but capex without evidence of demand will get punished. 

This week is the follow-through test. Palantir’s earnings report is expected on Monday, August 3, and is projecting revenues for Q2 to reach $1.81 billion, showing an 81% increase, at a Price to Sales ratio of 61x, which shows that the situation is very much clear for the market. 

Next, on Tuesday, earnings will be watched from AMD closely for MI450 and Helios…