Semi earnings coming! Thoughts on this? Hmmm. [Gosh] Big tech isn't dead, while there were minimal changes to earnings estimates in aggregate, this was better than feared heading in - they weren't dead, but only resting. There are two main themes in tech worth considering right now are cloud and artificial intelligence (AI). The momentum on AI was clearly starting to build, as recent earnings transcripts were peppered with AI references. And not because of AI or anything else, I'm normally very skeptical of claims of the next transformative tech breakthrough, but the AI momentum is no segway and it is real. This one really has some legs in terms of playing it. AI took the world by storm earlier this year and it’s one of the most exciting performance ever as ChatGPT made headlines
The release of the Consumer Price Index (CPI) data report yesterday drew significant attention as market participants and economists eagerly sought indicators to assess the trajectory of global markets and the overall economy. It is particularly crucial as it sheds light on the Federal Reserve's potential response to its upcoming meeting by the end of the month and to speculate the likelihood of the Federal Reserve’s adjustment on its implementing interest rate as a means of controlling the inflation. The Global census outlook on overall June Core CPI increase by 0.3% resulting to a year-on-year rate at 5.0%, did over the 2.0% annual goal of the Fed. The anticipation for headline inflation to also increase by 0.3%, which would lower the year-over-year rate to 3.1%. Shelter costs are being
Exploring the Lucrative Frontier of Space Exploration
From celestial riches to economic thriump, Space agencies are venturing into space resource utilization to unlock its economic potential. With the space industry rapidly expanding, there are various methods being explored to earn money from space. Let's delve into some key avenues and their associated facts: Asteroid Mining Collaborating with private companies like Planetary Resources and Deep Space Industries, NASA leads the way in asteroid mining. For instance, asteroid 16 Psyche, rich in iron and nickel, holds an estimated market value of over $10,000 quadrillion. Moon Water NASA's Artemis program aims to establish a sustainable human presence on the moon by the 2030s. Lunar water, discovered in permanently shadowed regions, is an invaluable resource. Approximately one metric ton of lun
Electric car insurance provides financial aid for unforeseen loss or damages caused to the policyholder’s electric car. Electric cars gaining a rise in the market coupled with an increase in electric car insurance buyers. The insurance covers injuries to third-party or damages to their property, car damage by accident, fire or explosion, accidental death or injury of the owner-driver, natural disaster, man-made disasters, and the theft of the vehicle. This growth is primarily driven by the Wide Adoption of Electric Cars and Growing Road Traffic coupled with Road Accidents. Thoughts? [Grin] [Doubt]
$Tesla Motors(TSLA)$ TESLA announcement on Sunday that it delivered a record 466,000 vehicles in the second quarter of 2023, topping market estimates of around 445,000, which would be a 5% increase compared to the previous quarter's delivery of 423,000 vehicles. 📈📌 The outperformance may have been due to discounting, which is not good for margins, but analysts have still been gushing over the numbers and tipping ever-higher stock prices. To drive sales and counter the effects of economic uncertainty and rising competition, Tesla has been implementing various measures. One notable strategy has been aggressive price cuts since January, which have impacted the company's first-quarter margins. However, in recent months,
The Nasdaq 100 is on track for its best-ever H1 in its 52-year history. Most of the people I've mentioned this to this week have responded with replies like: "That's crazy/incredible/unbelievable!" "It doesn't make any sense!" "It's going to be a good short soon" When a lot of people agree that a market move "doesn't make any sense" it sends an important signal. It tells you that they're not positioned for what's happening. Microsoft and Apple, together with the next five ranked companies, made up over 50% of the total weight of the index in April. These companies are: Alphabet (Google), Amazon, NVIDIA, Meta, and Tesla, with Alphabet’s class A and class C shares occupying two spots. $Alphabet(GOOGL)$
Elon Musk and Mark Zuckerberg are two of the most powerful men in technology, and they have very different visions for the future of social media. Musk believes that social media should be a platform for free speech, while Zuckerberg believes that it should be a force for good in the world. This difference in opinion has led to a number of public debates between Musk and Zuckerberg, with emojis flying left and right. In one such debate, Musk accused Zuckerberg of being a "control freak" who is trying to "monopolize" social media. Zuckerberg responded by saying that Musk is "naive" and that his ideas about free speech are "dangerous." The debate between Musk and Zuckerberg is more than just a personal spat. It is a debate about the future of social media. Musk believes that social media sh