Since its after hours low seen just 18 hours ago, Nvidia has added $380 BILLION of market cap.
In other words, Nvidia has added as much market cap as the entire value of Costco, $COST, in 18 hours. This comes after the stock erased $1 TRILLION of market cap over the last 5 weeks. Source: The Kobeissi Letter
#passion
Source: Compounding Quality
"The Largest stocks today have cheaper valuations compared to the Largest 7 in 2000"
@NDR_Research thru Mike Z.
Only 5% of firms currently use AI
Source: BofA
Delinquency rates on Office building loans hit 8.11%, the highest in more than a decade 🚨
Source: Barchart
DAX Index Reaching Major Support Zone
The DAX Index is reaching a major swing support zone between 17,626 and 17,834. This level needs to hold; otherwise, the consolidation that started in May could become more complex and last longer. Keep an eye on this development. Source: Bloomberg
Warren Buffett once said: "The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.”
Source: Invest in Assets
Microsoft Entering Major Support Zone
Microsoft (MSFT US) is under pressure since yesterday's earnings! It's now entering a major swing support zone between 404.51 and 416.75. Keep an eye on whether this level can hold. Source: Bloomberg
