To The Moon

AI stock performance varied in Q1 earnings. Several AI-related stocks experienced significant declines in their share prices after releasing earnings reports. Some notable examples include ASML, TSM, and SMCI. Some investors interpret these declines as a potential indication that the AI sector may have reached its peak. However, others maintain a long-term bullish outlook on AI, viewing the recent downturn as a temporary pullback. NVIDIA Nvidia makes graphics-processing units, or GPUs, which play a crucial role in AI. The company's shares have tripled over the past year, giving it a market capitalization of $2.27 trillion. Nvidia shares took a hit earlier this week when the billionaire investor Stanley Druckenmiller said that he'd slashed his big bet in the chipmaker earlier this year. He

Data showing a cooling jobs market revived hopes for Fed rate cuts later this year, boosting U.S. stocks. Home Depot and Caterpillar led the rally as the Dow notched its longest winning streak since December 2022 with 9 straight gains.Options market data suggested the S&P 500 ETF may have topped out around 521, with expectations for a decline of over 1.9% priced in by June 21 expiration. For QQQ, near-term upside was adjusted higher while longer-dated put buying continued. The small-cap Russell 2000 saw room for more upside into late May, with expectations capping gains in IWM below 6.8% by May 24.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 2.3% over the past 5 days. Open put contracts increased 3.9% over the same

Statistically. On Thu, 9 May 2024, $Amazon.com(AMZN)$ reached an all-time high. The stock gained under 1.0% to close at $189.50 per share, its first record close since early April 2024. Shares for Amazon have steadily climbed since the Seattle-based tech giant posted strong Q1 2024 earnings on 30 Apr 2024. In fact, according to Dow Jones market data, AMZN shares have gained 6 out of the last 7 trading days. Q1 2024 Earnings: AMZN’s two metrics easily beat Analysts’ average estimates. (see below) Earnings per share: $0.98 vs $0.83 cents expected by LSEG. YoY EPS gained +216%. Revenue: $143.3 billion vs $142.5 billion expected by LSEG. YoY, sales were up +13%. Equally important (if not more), the IT giant’s Amazon Web Services (AWS) business also re