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AI players mixed signals: What's the way forward?
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Overall Market Up; Tech Stocks are Priced to Perfection | Moooovers Update

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Kevin Travers joined discussion · May 9 09:34
Morning mooers, it is Thursday, May 9th. The market is open and mixed, with two out of three indexes climbing. My name is Kevin Travers, and here are stories moving the market today:
ps: I will record the view of the New York Financial District from my desk in the moomoo office for these videos!
MOOVERS
$Airbnb (ABNB.US)$ pulled down the S&P 500 and Nasdaq 100 after its earnings met expectations, but its Q2 guidance came in lower: $2.68B-$2.74B versus estimates of $2.743 billion.
$Roblox (RBLX.US)$ fell 22% after the firm projected a softer full year than investors hoped for, including a net loss in the current quarter of $265M.
$Arm Holdings (ARM.US)$ fell about 2.5% after its earnings met all expectations, but projected a lower FY'25 revenue and EPS midpoint than expected, $3.8B-$4.1B vs. $3.98B estimate, and EPS $1.45-$1.65 per share, vs. $1.54 estimate.
SECTORS
Semiconductors fell alongside Arm, with$NVIDIA (NVDA.US)$dropping 2%. The entire sector fell more than 1.5%. This earnings season, semiconductor and AI companies are priced to perfection, with even the slightest miss in EPS, Revenue, Bookings, or year-away projections leading to a price slash.
Overall Market Up; Tech Stocks are Priced to Perfection | Moooovers Update
Crude oil futures climbed after a bad six sessions, while Bitcoin fell.
Gold and silver futures climbed significantly, +1.6%, following the Thursday weekly jobless claims surprise. Any uptick in overall unemployment relatively weakens the dollar, and raises hopes the Federal Reserve will cut interest rates.
RECAP
Shortly after 10:30 Am EST, the $S&P 500 Index (.SPX.US)$ traded +0.20%, the $Dow Jones Industrial Average (.DJI.US)$ traded +0.45%, and the $Nasdaq Composite Index (.IXIC.US)$ fell about 0.02%. 3,900 equities fell to 6700 climbing in the market overall.
Overall Market Up; Tech Stocks are Priced to Perfection | Moooovers Update
MACRO
Weekly Jobless Claims came in high at 231k Thursday morning, data from the U.S. Department of Labor showed. The sudden uptick of unemployed is the highest since August. Investors expected 212k.
Federal Reserve Bank of Boston President Susan Collins spoke at an MIT event Wednesday, where she signaled interest rates will likely need to be held at a two-decade high for longer than previously thought, Bloomberg reported. She said slower growth was necessary to ensure inflation was on a path to 2%, and would not say when the Fed would cut.
Tuesday, Fed's Kashkari said that one rate cut is still possible this year, which is a dramatic change from the CME FedWatch futures pricing just last month. He said that if inflation stays the same and labor stays strong, rates should stay the same, too.
Yesturday, user @Svetlana Polishuk said bitcoin would climb to a new ATH in November.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!

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