AI equities continued to rally as Palantir’s platform revenue climbed 12% sequentially to US$656 million, while AMD secured a US$2 billion chip-supply deal with OpenAI. Analysts forecast the global AI industry to reach US$3.49 trillion by 2033, implying a 31.5% CAGR. Investors rotated toward infrastructure-oriented players leveraging large-scale compute partnerships. Palantir’s expanding defense contracts and AMD’s hardware ramp both signal deepening adoption of enterprise and generative-AI models. Market strategists said sustained corporate AI spending could drive another multi-year valuation cycle across the semiconductor ecosystem.