Yesterday's tape for large-cap tech and the most heavily-shorted tech stocks. I get the feeling that some funds that are long $Alphabet-C(GOOG.US$ and $Meta Platforms(META.US$ and short % $Tesla(TSLA.US$ and other popular shorts are degrossing today (either because they want to or have to).
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Generative AI investments soared to $21.8 billion in 2023, surpassing more than 5x 2022’s total investments of $4.3 billion. $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Microsoft(MSFT.US$ $Alphabet-C(GOOG.US$ $Amazon(AMZN.US$
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For those who do not understand what just happened:
First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.
This reading is roughly 50% BELOW Goldman Sach's expectations.
But it gets even worse.
At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.
This crushed estimates of 3.4% and further suggests that inflation is on the rise.
We have a weakening economy with rising inflation.
The worst possible outcome for the Fed.
$Nasdaq Composite Index(.IXIC.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$
First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.
This reading is roughly 50% BELOW Goldman Sach's expectations.
But it gets even worse.
At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.
This crushed estimates of 3.4% and further suggests that inflation is on the rise.
We have a weakening economy with rising inflation.
The worst possible outcome for the Fed.
$Nasdaq Composite Index(.IXIC.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$
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UBS downgraded $Apple(AAPL.US$ , $Amazon(AMZN.US$ , $Alphabet-A(GOOGL.US$ , $Meta Platforms(META.US$ , $Microsoft(MSFT.US$ , $NVIDIA(NVDA.US$ to Neutral from Overweight, citing “earnings momentum reversal.”
“Investors attribute the run in mega-cap stocks to animal spirits and the impact of AI; however, our work indicates that surging earnings momentum fueled this upside.”
“Unfortunately, this momentum is collapsing, with Big 6 EPS growth expected to decline from 42% to 16% over the nex...
“Investors attribute the run in mega-cap stocks to animal spirits and the impact of AI; however, our work indicates that surging earnings momentum fueled this upside.”
“Unfortunately, this momentum is collapsing, with Big 6 EPS growth expected to decline from 42% to 16% over the nex...
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EV stocks revving up! Futures higher led by gains in big tech like $Microsoft(MSFT.US$ , $Amazon(AMZN.US$ & $Tesla(TSLA.US$ despite recent yield pressures.All eyes on Fed's Bowman & Mester today after Powell/Jefferson signaled higher rates for longer.
No major econ data but jobless claims & home sales due Thu. $Tesla(TSLA.US$ $XPeng(XPEV.US$ among EV names catching a bid on individual catalysts.
No major econ data but jobless claims & home sales due Thu. $Tesla(TSLA.US$ $XPeng(XPEV.US$ among EV names catching a bid on individual catalysts.
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$NVIDIA(NVDA.US$ may generate more data center revenue this year than in the past six years combined.
Data center revenue could double to $95 billion in FY25, compared to $87.7 billion in revenue from FY18 through FY24.
Data center revenue could double to $95 billion in FY25, compared to $87.7 billion in revenue from FY18 through FY24.
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JPMorgan's Jamie Dimon warns the world is on fire — and plenty of people are way too bullish
Jamie Dimon is deeply concerned about international relations — and worries investors are too optimistic about threats such as inflation, interest rates, and recession.
The JPMorgan CEO made his case in a dour shareholder letter published on Monday.
"We may be entering one of the most treacherous geopolitical eras since World War II," Dim...
Jamie Dimon is deeply concerned about international relations — and worries investors are too optimistic about threats such as inflation, interest rates, and recession.
The JPMorgan CEO made his case in a dour shareholder letter published on Monday.
"We may be entering one of the most treacherous geopolitical eras since World War II," Dim...
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1. $Salesforce(CRM.US$ or $HubSpot(HUBS.US$ acquires $Twilio(TWLO.US$ to redefine what customer engagement can become.
2. $Advanced Micro Devices(AMD.US$ or $NVIDIA(NVDA.US$ make a strategic acquisition in the quantum computing space, aiming to leapfrog competitors in the race for quantum supremacy and secure a future position in high-performance computing markets
3. $Netflix(NFLX.US$ acquires $Paramount Global-B(PARA.US$...
2. $Advanced Micro Devices(AMD.US$ or $NVIDIA(NVDA.US$ make a strategic acquisition in the quantum computing space, aiming to leapfrog competitors in the race for quantum supremacy and secure a future position in high-performance computing markets
3. $Netflix(NFLX.US$ acquires $Paramount Global-B(PARA.US$...
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Here’s why Big Tech is scrambling to purchase Nvidia’s $NVIDIA(NVDA.US$ GPUs as quickly as possible:
Nvidia explains that a $1 investment in GPUs and networking can create $5 in revenue for CSPs over four years via GPU renting.
Nvidia explains that a $1 investment in GPUs and networking can create $5 in revenue for CSPs over four years via GPU renting.
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The $GOOGL bear case is pretty loud right now (Search monopoly facing first real threat from GenAI).
Predicting the future here is tough but worth at least exploring a strawman for a more constructive outcome in search for $Alphabet-A(GOOGL.US$ .
Some thoughts and search comparisons:
#1 : Search queries are growing. Some have stated this is not the case but pay attention to footnotes in these exhibits ("does not represent any specific data" ?). Last week, $GOOGL Chief Business Officer stated "...
Some thoughts and search comparisons:
#1 : Search queries are growing. Some have stated this is not the case but pay attention to footnotes in these exhibits ("does not represent any specific data" ?). Last week, $GOOGL Chief Business Officer stated "...
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