Trump: 100% tariff on chips, semiconductors. Exempt from tariff if made commitment to build in US.
However, companies like hashtag#Nvidia ( $NVDA ) and hashtag#Apple ( $AAPL ), which have already invested heavily in U.S. manufacturing, are exempt from the new policy... Source: CNBC
Updated Uber Free Cash Flow chart is incredible.
$8.5B and counting! 🤯 $UBER Source: Fiscal.ai
Super Micro shares plunge 15% on weak results, disappointing guidance...
Nothing super about it.... $SMCI 🩸 Here’s how the company did in comparison with LSEG consensus: - Earnings per share: 41 cents adjusted vs. 44 cents expected - Revenue: $5.76 billion vs. $5.89 billion expected Source: Trend Spider
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.
