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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
Today’s a big day for two tech giants—Nvidia and Salesforce—they’re set to release earnings. While most attention is on Nvidia, Salesforce has an important update that could impact the market.
Today’s a big day for two tech giants—Nvidia and Salesforce—they’re set to release earnings.
Nvidia has had a wild ride recently. Its market cap has skyrocketed, growing by nine times since 2023 thanks to its role in the AI boom. But after hitting a record high in June, the stock dropped 30%, wiping out $800 billion in market value. Now, Nvidia’s stock is back up, sitting just 6% below its peak.
The company has posted triple-digit revenue growth for the past three quarters, and today, they’re expected to report another 112% increase year-over-year, bringing in $28.7 billion. However, things might slow down next quarter, with expected growth dropping to 75%.
The big question is whether Nvidia can keep up this momentum. A lot of its revenue comes from cloud providers, who account for 40% of Nvidia’s sales. Former Google CEO Eric Schmidt mentioned that top tech companies are spending $20 billion, $50 billion, even $100 billion on Nvidia processors.
And for good reason—Nvidia’s CFO said that for every $1 spent on their chips, these companies could make $5 in revenue over four years.
While Nvidia gets most of the attention, Salesforce is also reporting its earnings today. The company had a rough start to the year, with its stock dropping 20% on May 30th after a disappointing first-quarter report.
Still, analysts are expecting Salesforce to post second-quarter earnings of $2.35 per share on revenue of $9.22 billion, up from $2.12 per share on $8.6 billion a year ago.
Salesforce’s stock is up just 0.8% year-to-date, compared to the S&P 500’s 18% gain. Also, the real focus for Salesforce could be its AI initiatives, especially Einstein GPT, which it launched in March 2023.
As these earnings reports come out, there are a few things to keep an eye on. For Nvidia, it’s all about whether they can keep the AI momentum going and whether their revenue forecast for the next quarter meets expectations. For Salesforce, the focus could be on how well they’re doing with their AI strategy.