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Stocks Gain Pre-Bell as Biden Drops Presidential Bid; Asia Down, Europe Rises
The benchmark US stock measures were tracking in the green before Monday's opening bell as traders await more corporate earnings and digest President Joe Biden's decision to end his presidential
Preview of Financial Report: IBM's "AI Growth Path" is promising as multiple investment banks are optimistic about its performance before the release of the report.
IBM will announce its second quarter financial performance on Thursday morning Beijing time.
Trump Media, CrowdStrike, Tesla, Verizon, Ryanair, and More Stock Market Movers
Trump Media stock rises after President Biden ends his run for reelection, CrowdStrike extends losses after the global IT outage on Friday, Verizon reports earnings Monday, and Tesla issues its profit report on Tuesday.
China International Capital Corporation: AI prosperity resonates at home and abroad, focusing on structural upgrading of traditional telecommunications business.
In the first half of 2024, AI computing power is still the core investment focus, with high prosperity in AI big model iteration and optimization and North American cloud vendors' AI investment, driving the performance and market performance of AI hardware core suppliers to resonate and drive the sector's market capitalization to rebound from the beginning of the year.
What to Expect in the Week Ahead (Google and Tesla Earnings; GDP and PCE Data)
This week, investors should keep an eye on earnings reports from several key players, including Google and Tesla. Key economic data to watch for will include the release of the first estimate of second-quarter gross domestic product and the Federal Reserve's preferred inflation measure for June.
Tesla, AT&T, Alphabet, Chipotle, Visa, and More Stocks to Watch This Week
Second-quarter earnings season continues with Verizon, Alphabet, Coca-Cola, Comcast, General Motors, Tesla, Visa, AT&T, Chipotle, and Newmont.
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102362254 : My guess is $Alphabet-A (GOOGL.US)$ will have the biggest percentage gain this week. Google Cloud's expected revenue of $10.22 billion is important for investing in AI. Updates on Alphabet's Gemini Live and Project Astra are crucial for staying competitive against rivals like Microsoft's OpenAI. Also, Alphabet's $70 billion stock buyback shows they believe in future growth, which investors like. The stock is already up around 30% this year, so investors may be confident it could go up more, especially if earnings beat expectations.
mr_cashcow : My vote goes to $Alphabet-A (GOOGL.US)$ as well, they recently acquired wiz a cybersecurity company and with the recent crowdstrike outage maybe it is the perfect opportunity for Google to get ahead of the competitors? Idk DYOR/DD![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Google have been very aggressively clamping down on ad blockers throughout their services such as YouTube & chrome web browsers which should reflect on their ad revenues
Google Cloud's robust revenue growth is anticipated to continue, driven by its strong cloud services, expanding data center and availability zone network, and real-time data analytics
Google's increased focus on generative AI is also expected to contribute to its earnings growth. Its recent launch of Gemini Code Assist, an enterprise-focused AI code completion and assistance tool, is likely to drive momentum across various enterprises![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Here are some reasons why:
Disclaimer: All the above are purely for educational purposes & are NOT financial advises, plz DYOR/DD
Silverbat : 3M