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16 Oct 2024

Semiconductor scare triggers a wave of profit-taking across the Nasdaq today.

$ASML, the main culprit, reports Q3 earnings tomorrow before market open. Source: Trend Spider

16 Oct 2024

OUCH! ASML’s reduced sales forecast and 3Q booking miss sink semiconductor stocks.

Semiconductor index Sox down 4% with ASML down 13.4%. Source: HolgerZ, Bloomberg

16 Oct 2024

Nancy Pelosi just-so-happened to invest $5M into Databricks a few months back...

Earlier Today >>> Amazon $AMZN and startup Databricks just signed a 5 year deal that could cut costs for businesses seeking to build their own AI capabilities. Databricks will use Amazon’s Trainium AI chips to power a service that helps companies customize an AI model or build their own - WSJ

16 Oct 2024

Why Buffett is dumping Bank of America $BAC stock:

Provision for credit losses highest since covid lockdown Source. zerohedge

15 Oct 2024

$NVDA notches record high, looks to unseat Apple as world's most valuable company:

1- Apple $3.517 Trillion; 2- Nvidia $3.387 Trillion Why is Nvdia stock still running? • $GOOGL ordered 400K GB200 chips valued at $10B • $MSFT purchased 60K GB200 chips worth $2B • $META acquired 360K GB200 chips for $8B. Demand for Nvidia's Blackwell chip is absolutely INSANE...

15 Oct 2024

Both the Goldman and the UBS "Republican victory" baskets are approaching all time highs as "Democrat victory" trades slump

Source: zerohedge

15 Oct 2024

The benchmark German equity index Dax has hit a fresh ATH.

Since the start of the year, the index has risen by 17%. However, this growth is driven entirely by higher valuations. The Dax's price-to-earnings (P/E) ratio is nearly 15, and if you exclude the dirt-cheap car stocks, it jumps to 17. Source: Bloomberg, HolgerZ

15 Oct 2024

😱 The shocking chart of the day >>> The median value of US households’ stock portfolios has surged to $250k this month... 😱

This is twice as much as in early 2023... Middle to high income households enjoy a very strong "wealth effect" as both real estate and stock prices hit all time highs... Source: Stocktwits

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