Leveraged ETFs

Company

Trading Hub

Thematic ETFs
How to Invest
  • Leveraged ETFs

All ETFs

Compare Our Products

All ETFs
  • About
  • Information

All ETFs

Compare Our Products

All ETFs
  • Research Insights
See All Insights

Date

July 30, 2025

Category

Market Insights

3 AI Stocks to Watch This Earnings Season

Your capital is at risk if you invest. You could lose all your investment.

Earnings season is here, and for artificial intelligence (AI) companies, it has started on a strong note. Already, we have seen better-than-expected results from a range of companies including Alphabet, ServiceNow, and Taiwan Semiconductor Manufacturing Company, who have all pointed to strong demand for AI-related products and services. Looking ahead, the next few weeks are going to be critical for the AI theme as a number of major players in the ecosystem are going to be reporting. With that in mind, here are three AI stocks you’ll want to watch this earnings season.

Palantir

Software company Palantir is increasingly being seen as a front-runner in the AI space. So, all eyes will be on this company when it posts its Q2 earnings on August 4. Recently, it has been generating prolific revenue growth thanks to its Artificial Intelligence Platform (AIP), which is designed to help organizations rapidly deploy AI. The question is: can the company maintain the high level of top-line growth going forward?

Last quarter1, Palantir reported revenue of $884 million, up 39% year on year. A highlight of the quarter was US commercial revenue which was up 71% on the prior-year figure. For Q2, Wall Street expects2 revenue to rise 39% year on year to $939 million. Earnings per share are expected to come in at $0.14 versus $0.09 in Q2 2024.

Naturally, there will be a lot of focus on forward-looking guidance when Palantir posts its Q2 earnings. Last quarter, the company raised its full-year revenue guidance to $3.890 to $3.902 billion. It also raised its US commercial revenue guidance to in excess of $1.178 billion, representing growth of at least 68%. If the company does not increase its guidance in the forthcoming earnings report, the stock may see some profit taking as it is up more than 100% year to date and currently trades on a forward-looking price-to-sales ratio of close to 100.

AMD

AI chip powerhouse Nvidia doesn’t report its earnings until August 27. But investors will be able to get some insight into the AI chip market before then, when Advanced Micro Devices (AMD) posts its Q2 earnings on August 5. Recently, it has developed a range of GPUs designed to power AI applications. These new products are directly challenging Nvidia’s dominance in the space, meaning AMD’s upcoming earnings report will be a crucial barometer for the chip industry.

For Q13, AMD’s revenue was $7.4 billion, up 36% year on year. Zooming in on the numbers, its data center segment – which includes AI GPUs – registered $3.67 billion in revenue, up 57% year on year. For Q2, the company guided to revenue of approximately $7.4 billion, plus or minus $300 million. That would represent year-on-year growth of 22% to 33%.

One thing investors will be focused on here is revenue from sales to China. Back in May, AMD said that it was expecting a $1.5 billion revenue4 hit from US curbs on China chip exports. However, in mid-July, the US lifted AI chip export restrictions to China meaning that AMD will soon be able to restart shipments of its MI308 chips to the country. This development could have major implications for future revenues and earnings and is likely to be a key topic of discussion on the earnings call.

Salesforce

While Nvidia is likely to get all the headlines on August 27, there’s another AI company reporting that day and that’s Salesforce. It rolled out an agentic AI offering called Agentforce last year and it is increasingly looking like a key player in the artificial intelligence ecosystem.

Last quarter5 (Q2 FY2026), Salesforce told investors that 8,000 customers had already signed up for Agentforce, with 4,000 of these paying for the service. So, it will be interesting to see how many customers the company has today. If rival ServiceNow’s recent Q2 results are anything to go by, Salesforce will have seen strong growth from AI over the last quarter. Thanks to AI adoption, ServiceNow exceeded guidance across all top-line growth and profitability metrics and raised its subscription revenue forecast for the year.

It’s worth pointing out that, unlike a lot of other AI stocks, Salesforce stock hasn’t had much momentum recently. Currently, it is down around 20% year to date and trading on a relatively low price-to-earnings ratio of 24. Given this setup, if Q3 earnings per share come in above the consensus forecast6 of $2.78, the stock may see a move to the upside. A strong earnings beat, particularly one accompanied by a positive outlook on the company’s AI and data initiatives, could potentially act as a powerful catalyst to re-energize investor interest and push the share price higher.

Footnotes:

1Palantir, Palantir Reports Q1 2025 Revenue Report, as of May 5, 2025 

2Yahoo Finance, Palantir Technologies Inc. (PLTR), as of July 25, 2025

3AMD, AMD Reports First Quarter 2025 Financial Results, as of May 6, 2025

4Reuters, AMD forecasts $1.5 billion revenue hit from US curbs on China chip exports, as of May 7, 2025

5Salesforce, Salesforce Reports Record First Quarter Fiscal 2026 Results, as of May 28, 2025

6Yahoo Finance, Salesforce, Inc. (CRM), as of July 25, 2025

Your capital is at risk if you invest. You could lose all your investment.

Share this:

Related Products:

2x Long PLTR

As of -

Since Inception*

2x Long AMD

As of -

Since Inception*

2x Long CRM

As of -

Since Inception*

Our ETFs

Thematic
Get ETF List
Company
Our ETFs
Thematic
Get ETF List
Company

INVESTMENT INVOLVES SIGNIFICANT RISK. The Fund does not invest directly in the underlying stock. Investing in the Fund involves a high degree of risk. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund.

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about Themes ETFs. To obtain a Fund’s prospectus and summary prospectus call 886-584-3637 or visit leverageshares.com/us/. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of the return of the underlying security over the same period. The Fund will lose money if the underlying security performance is flat over time, and as a result of daily rebalancing, the underlying security’s volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the underlying security’s performance increases over a period longer than a single day.

The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the underlying security’s performance is flat, and it is possible that the Fund will lose money even if the underlying security’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of the underlying security falls by more than 50% in one trading day.

Some funds have risks associated with a limited operating risk of 1 year.

Investment in leveraged products may be subject to higher volatility. The fund is non-diversified. Fund does not directly invest in the underlying stock. An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include effects of Compounding and Market Volatility Risk, Inverse Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Daily Index Correlation Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus. Fund has risks associated with having a limited operating history.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses, or sales charges. One cannot invest directly in an index.

This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Themes Management Company LLC serves as an adviser to the Themes ETFs Trust. The funds are distributed by ALPS Distributors, Inc (1290 Broadway, Suite 1000, Denver, Colorado 80203). ALPS is not affiliated with any mentioned entity. Client brokerage services not offered by ALPS. Please see third part site for more information about any mentioned services. Themes ETFs are not sponsored, endorsed, issued, sold, or promoted by these entities, nor do these entities make any representations regarding the advisability of investing in the Themes ETFs. Neither ALPS Distributors, Inc, Themes Management Company LLC nor Themes ETFs are affiliated with these entities. Themes Management Company LLC and Leverage Shares are affiliates that are under common control.  Themes Management Company and Leverage Shares have entered into a licensing agreement in which Leverage Shares licenses the trademark LEVERAGE SHARES ™ to Themes Management Company LLC for use in financial services in the United States.

© Leverage Shares 2025