Top AI companies by Market Cap
Source: Mark Roussin, CPA @Dividend_Dollar
$PLTR absolutely destroyed their Q2 earnings
Palantir topped Wall Street’s estimates Monday, surpassing $1 billion in quarterly revenue for the first time, and hiking its full-year guidance. Shares rallied more than 5%. • Sales $1.0B vs Est. $939M • EPS $0.16 vs Est. $0.13 • US Commercial: $306M -- up 93% YoY • Customer count up 43% YoY Q3 Outlook • Sales $936M vs Est. $899M • Operating Profit $495M vs Est. $417M FY25 Outlook • Sales $4.14B vs Est. $3.90B • Operating Profit $1.92B vs Est. $1.72B Source: Shay Boloor @StockSavvyShay, CNBC
It is all about tech...
US technology and tech-related stocks now account for ~55% of the US stock market, the highest share EVER. It has exceeded the 2000 Dot-Com Bubble levels by ~5 percentage points. By comparison, defensive stocks now reflect ~18% of the market. Source: Global Markets Investor
Technological Disruption
Source: BofA
Robinhood launches layer-2 blockchain for stock trading in Europe
Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe. Robinhood’s push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing stock token trading for users in the European Union. Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced on Monday. Robinhood’s stock tokens will have zero commissions and be available for trading 24 hours a day, five days a week.
Party like it's 2021?
Goldman Non-Profitable hashtag#Tech Index has gained 50% since the April low. Source: Bloomberg, Goldman Sachs
Remember IBM?
Over the past 5 years, it has outperformed: • Microsoft • Apple • Google Source: Brew markets
Tech Stocks relative to M2 Money Supply Dot Com Bubble vs. Now
source : barchart
