Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
TSM's stock hit a new high. Can AI demand really last for years as the CEO claimed?
Views 3.3M Contents 238

Big Tech is in a Race for Nukes to Power AI | The Daily Trade

avatar
Kevin Travers joined discussion · Oct 16 10:37
Big Tech is in a Race for Nukes to Power AI | The Daily Trade
Good morning, traders. Happy Wednesday, October 16th. The market is climbing, and big tech companies are competing to amass the largest power supply for AI.
My name is Kevin Travers; here's the top news today for your daily trades.
$United Airlines (UAL.US)$ was the highest gainer on the S&P 500, up about 9% after the airline posted a strong demand and higher revenue for its Tuesday night Q3 report and earnings above estimates.
$Morgan Stanley (MS.US)$ climbed 7% after its morning earnings report broke through estimates- and showed revenue rose 16% in the quarter. According to the Wall Street Journal, America's largest banks reported strong earnings in part due to an interest rate environment that boosted investment bank revenue.
$ASML Holding (ASML.US)$ fell a further 6% after a 15% drop Tuesday following far less orders in the past quarter than expected. Wednesday, the firm held an earnings call that did not change the direction.
$Novavax (NVAX.US)$ fell 19% Wednesday after the FDA placed a hold on a clinical COVID-19/influenza combination treatment trial.
Within industries tracked by moomoo, Uranium stocks were among the highest, after news that $Amazon (AMZN.US)$ would join $Alphabet-C (GOOG.US)$ investing in nuclear energy production to power cloud services and AI. Amazon signed a deal Wednesday to develop four small modular reactors with Energy Northwest to generate 960Mw of electricity. On Monday, Google said it would construct similar reactors with Kairos Power in California to buy 500 Mw of power, and Microsoft last month signed a deal to buy more than 800Mw of power from a new Unit 2 on Three Mile Island in PA.
Big Tech is in a Race for Nukes to Power AI | The Daily Trade
$Crude Oil Futures(JAN5) (CLmain.US)$ fell 1%, while $Bitcoin (BTC.CC)$ hovered $67k. Gold and silver climbed to near all-time highs; gold prices were 15C from an all time high, and silver was 80C away. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell.
The market climbed on Wednesday, with the S&P 500 within 50 points of a trading high, but tech was pulling back.
Just past 11:32 am ET, the $S&P 500 Index (.SPX.US)$ traded +0.15%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.45%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.01%
Big Tech is in a Race for Nukes to Power AI | The Daily Trade
Mary Daly, president of the SF Fed, told reporters Tuesday that strong economic data does not mean inflation is on its way back. Speaking to a New York University crowd, Daly said she would support taking a break from cuts for a meeting or two.
"You can't, in my judgment, reflexively say, 'I have stronger-than-expected growth, I have stronger-than-expected employment, inflation must be around the corner,' " Daly says.
Minneapolis Fed President Neel Kashkari said at a Tuesday bank conference that the neutral rate must be higher after aggressive rates failed to cause a recession in 2022 and 2023. Seeking Alpha reported he was unsure of the way forward besides gradually lowering rates over the next few quarters.
Monday, Fed Gov. Chris Waller said the economy is much stronger than previously thought, and the labor market remains quite healthy, speaking at Stanford University in California. According to MarketWatch, Waller noted that the Fed and Wall Street had been fooled by reports over the summer that indicated the economy was slowing.
"To remind you of how bad the markets viewed the July data, some Fed watchers were calling for an emergency [Fed] meeting to discuss a rate cut," Waller said.
Interested in Options? To see these stocks and more on the options page, click here. Want to learn more about options, check out moomoo education with this link. Click here to join our exclusive options chat with personal callouts from our resident expert, Invest with Sarge.
Yesterday, one user said United was growing well and on a good path to success.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
Disclaimer: This content is for informational use only and is not a recommendation or endorsement of any particular investment or strategy. Indexes are unmanaged and cannot be directly invested into. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances, before making any investment decisions. Past performance does not indicate or guarantee future success. Moomoo makes no representation or warranty as to its adequacy, or timeliness for any particular purpose of the above content. The data and information provided has been obtained from sources considered to be reliable, but moomoo does not guarantee that the foregoing material is accurate or complete. See the link in the Moovers Community post for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
55
1
2
+0
24
Translate
Report
829K Views
Comment
Sign in to post a comment

View more comments...