Zebra Technologies Rises, Palantir Jumps, Coherent Higher on Report of Potential China Device Ban

- Zebra Technologies (ZBRA) shares rose after boosting its annual outlook for a second time this year, helped by continued demand for automation tools used in warehouses, stores and healthcare settings. As retailers invest in self-service, manufacturing recovers and healthcare providers adopt secure mobile technology, demand for the Illinois-based electronics maker’s mobile computers, machine-vision systems and AI-powered tools is rising faster than expected.
- Palantir (PLTR) shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” Palantir Chief Executive Officer Alex Karp said US commercial sales in the second quarter were “staggering,” rising 149% from a year earlier to $764 million.
- Coherent (COHR) shares rise. Shares of US optical equipment makers rally after Reuters reported that the Trump administration is drafting a ban on imports of new models of Chinese data center components.

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