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$NVIDIA (NVDA.US)$ the king of chipmakers, has seen their shares absolutely skyrocket >24%!
This comes as a result of a massive spike in demand for artificial intelligence (AI) processors. These guys are blowing Wall Street's predictions out of the water, forecasting sales of about $11 billion in the quarter ending in July, crushing the average analyst estimate of $7.18 billion. And here's the kicker - this tidal wave of demand has also juiced the stocks of other chip creat...
This comes as a result of a massive spike in demand for artificial intelligence (AI) processors. These guys are blowing Wall Street's predictions out of the water, forecasting sales of about $11 billion in the quarter ending in July, crushing the average analyst estimate of $7.18 billion. And here's the kicker - this tidal wave of demand has also juiced the stocks of other chip creat...
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Nvidia $NVIDIA (NVDA.US)$ delivered impressive financial results and provided a promising revenue forecast for the upcoming quarter. The company reported strong earnings for the April quarter, with adjusted earnings per share surpassing Wall Street's expectations. Despite a decline in gaming revenue, Nvidia experienced a 14% increase in sales for its data center segment, primarily driven by the growing...
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Bloomberg asks: What will you buy if the US hits the debt ceiling? (I think that those answering Treasuries are very regarded)
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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$Alphabet-A (GOOGL.US)$ +12% or $160bn in market cap since Monday. Investors rush-to-buy any mega-cap that shows some, ANY, positive news and feels… “safe”. Google I/O felt… a bit underwhelming, but just because it was waaaaaay better than the botched Bard-release in March, buying followed.
$Microsoft (MSFT.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$
$Microsoft (MSFT.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$
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$Apple (AAPL.US)$
Apple's net income for Q2 of the 2023 fiscal year was $24.16 billion, market expectations were $22.663 billion, compared to $25.01 billion in the same period last year.
This is awkward, if it weren't for the announcement of a $900 buyback, I would really fall into a pit.
Apple's net income for Q2 of the 2023 fiscal year was $24.16 billion, market expectations were $22.663 billion, compared to $25.01 billion in the same period last year.
This is awkward, if it weren't for the announcement of a $900 buyback, I would really fall into a pit.
Translated
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According to data from FactSet, over half of S&P 500 companies have reported their earnings so far, and among these companies, 80% have beaten expectations!
This is probably the reason why the bears are unable to push the market down.
Meanwhile, troubled First Republic bank is in trouble again. Will they reignite the banking fear?
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ $Crude Oil Futures(FEB5) (CLmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $USD (USDindex.FX)$ $Roblox (RBLX.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $First Republic Bank (FRC.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Alphabet-C (GOOG.US)$
This is probably the reason why the bears are unable to push the market down.
Meanwhile, troubled First Republic bank is in trouble again. Will they reignite the banking fear?
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ $Crude Oil Futures(FEB5) (CLmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $USD (USDindex.FX)$ $Roblox (RBLX.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $First Republic Bank (FRC.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Alphabet-C (GOOG.US)$
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Let me give an extreme example. A pizza is priced at $10 two years ago. One year later, it is priced at $1000. The yoy inflation is ~10000%. Another year later, the price drops to $990. The yoy inflation is -1%.
According to Fed, it is a total victory. Inflation is under control. Everything is back to normal, nothing to worry about.
But is it really? Can you now afford $990 pizza just because inflation is negative.
By Fed's prediction that inflation rate goes b...
According to Fed, it is a total victory. Inflation is under control. Everything is back to normal, nothing to worry about.
But is it really? Can you now afford $990 pizza just because inflation is negative.
By Fed's prediction that inflation rate goes b...
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101785677 SuperMusk : they gave a guidance of 11b revenue next quarter when their revenue is only 7b this quarter. the previous year it was 8b. so they are actually performing worse but came up with some insane guidance number to pump the stock. a more than 50% increase in revenue in 1 quarter. lol