Ready for the SpaceX IPO?: 8 Key Items Shaping the Stock Market Thursday
Trump and Iran, May PPI, Oracle’s spending, potential OpenAI price cuts, and other headlines moving stocks this morning.
May CPI, End to Ceasefire?: 8 Key Items Shaping the Stock Market Wednesday
TSM’s May revenue, SpaceX’s oversubscription, bank stress tests, and other headlines are moving stocks this morning.
Google Likes Intel. Nvidia Appears to as Well. And So Do I
Here’s how I’m going to handle this tech name as Alphabet and Nvidia reportedly eye INTC as backup to Taiwan Semiconductor.
3 Reasons Why Investors Shouldn’t Worry About Apple
Apple’s WWDC event left investors cold. Here’s why they’ll warm up later.
Adding to 2 Portfolio Holdings and Upgrading a Rating
With both companies, we see reasons why management guidance skews conservative.
From Meltdown to Manic Monday: Erratic Tech Trade, Peace-Fire, Grumbling Chart
Let’s check the latest on the supposed peace deal, make sense of the hot-and-cold tech trade, and sort through the crowded IPO filings.
Conditions Are Ripe for Selling Into a Series of Major Events
A flood of events will soak up liquidity in exactly the sector that needs support.
Apple Fails to Dazzle With Long-Awaited Siri AI Announcement
Here’s when we may look to revisit our rating as the shares fall under pressure.
More Tales From Nvidia: Is NVDA a Business or Stock? (Issue 201!)
It’s very interesting.
I suppose Nvidia ($NVDA) is not too different than Strategy’s Michael Saylor.
Does Nvidia run a business, or a stock? Is Jensen Huang a CEO or an equity market strategist and stock promoter?
Jensen Huang is obviously brilliant. He knows nearly the whole sector is a circular financing that has become too big for him to keep financing himself. It is now moving from being dependent on privately funded circular financing deals and the nuttiness of the credit markets, to needing the amounts of capital that only the equity markets can provide. Google ($GOOGL) and Meta ($META) have just implicitly told you that too, via their equity sales and theoretical planned equity sales. Open AI has told us it is even graver and more desperate than I suggest, because the company apparently is already back to begging the government again for money.
At any rate if all of one significant down day in the equity markets is enough to spook the Nvidia CEO into full Saylor waving pom-poms mode, it shows you they all know how desperate the situation is and how dependent the scheme is for fresh capital inflows at greater scale from the public markets to keep the game going.
The Nasdaq advances by +300% (and multiples are in unheard of territory) and then down 4% — and it is a “selloff” and a buying opportunity?
Positions: None.
A Lot More Than Rates Shook the Market
Three stories played a much bigger role in the weakness than either Iran or rates.