Palantir Crushes Earnings, Apple in Talks with Intel

Market update for Tuesday May 5, 2026

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In today’s episode, Zaid covers:

• Bitcoin crossing back above $80K

• Palantir crushing earnings, but investors question the valuation

• Apple talking to Intel and Samsung to build chips in the U.S.

• Pinterest surging after a strong earnings report and upbeat guidance

• Duolingo dropping as bookings growth slows

• Michael Burry dumping GameStop after its wild bid for eBay

• The Devil Wears Prada 2 proving millennial nostalgia is big business at the box office