The tale of hardware vs. software visualized through four decades of market cap development by Quartr
Four intriguing facts: → In 1981, $IBM sparked the personal computing revolution with the release of its blockbuster IBM PC. → $MSFT was assigned to develop the operating system under a non-exclusive deal, instantly catapulting the company into a market-leading position in software. → In 1986, Microsoft went public with a market cap equaling 1% of IBM's, which at the time was the largest company in the world. → IBM's market cap now equals ~5% of Microsoft's, which now is the largest company in the world with a market cap exceeding $3 trillion.
All of the Grants Given by the U.S. CHIPS Act 💻️
Source: Visual Capitalist
US earnings season update >>>
Double beats are being rewarded by less than the historical average while double misses are being punished by more than usual. Source: BofA
Quote by Peter Lynch
Source: Invest In Assets 📈
Beware tesla shorts... the short interest is at 3-year high
Source: Bloomberg, www.zerohedge.com
Goldman Sachs is pounding the table on AI energy theme, and pitching uranium miner cameco ($CCJ) as top commodity idea for the space.
Source: www.zerohedge.com
Global crypto funds just recorded 3 consecutive weeks of outflows for the first time ever.
Over the last 3weeks, total crypto fund outflows were $767 million. Last week alone, ~$435 million of crypto assets were removed from these funds, the most since late March. The majority of the outflows were recorded in Bitcoin which saw $423 million of fund withdrawals. Meanwhile, Bitcoin is down 12% in April but is still up 48% year to date. Crypto is taking a breather. Source: The Kobeissi Letter, CoinShares
Projected Q1 earnings for the S&P 500 ex-Mag 7 (left-hand chart) vs. Projected Q1 earnings for the Mag 7...
Source: Bloomberg
