ProShares Big Data Refiners ETF

Nutanix reported strong Q2 results with 16% revenue growth and margin expansion, driven by strong demand for its cloud platform. The company also raised its FY25 revenue and free cash flow outlook.

Palantir launched its Warp Speed operating system for advanced manufacturing, onboarding companies like Anduril, L3Harris, PENA, and Shield AI. The system enhances production efficiency, with Anduril reporting up to 200x improvement in managing supply shortages.

Palantir Technologies secured a $36.8 million contract as the lead software integrator for USSOCOM's Mission Command System, enhancing AI capabilities, operational readiness, and edge software deployment for USSOCOM globally.

Snowflake priced $1 billion in 0% Convertible Senior Notes due 2027 and 2029 in a private placement. The company plans to use the net proceeds to cover the cost of capped call transactions, repurchase around $400 million of its Class A common stock, and for general corporate purposes.

Oppenheimer analyst Ittai Kidron initiated coverage on Confluent Inc (NASDAQ:CFLT) with an Outperform rating and a price target of $37. The analyst said that Confluent’s ability to bring event streaming and processing into a single unified platform is unique and positions it as the de facto technology leader in the category. He expects ...