Microsoft Corp (NASDAQ: MSFT) stock is experiencing gains on Friday as it highlights the significant role of graphics processing units (GPUs) as a critical raw material for its expanding cloud business, specifically in enabling AI capabilities. The company’s annual report addressed GPUs as a risk factor, citing potential outages if the necessary infrastructure is not…
NVIDIA Corp (NASDAQ: NVDA) is enjoying a boost in its stock price today, thanks in part to the positive quarterly results from Meta Platforms Inc. (NASDAQ: META). In an impressive second-quarter performance, Meta Platforms reported a revenue of $32 billion, marking an 11% year-over-year increase and surpassing the Street’s consensus estimate of $31.12 billion. The…
AbbVie Inc (NYSE: ABBV) delivered its Q2 earnings report with noteworthy figures, showing resilience amid challenging conditions. Adjusted EPS for the quarter stood at $2.91, which, despite being down 13.6% year-over-year, surpassed the consensus estimate of $2.80. The company’s overall sales experienced a decline of 4.9% year-over-year (or 4.2% on an operational basis), totaling $13.87…
Welcome to today’s briefing, where we delve into the world of AI and its impact on the market. Please note that we are using Microsoft Corp (NASDAQ:MSFT) as an illustration to discuss the broader picture. Last year, The Arora Report was among the pioneers emphasizing the significance of new generative AI technology. We were ahead…
Last week, the market showed some signs of life. The Dow surged 6.2% to halt a streak of 8 weeks of declines. It was the longest weekly losing streak for the Dow in 90 years. The Dow trailed the S&P and the Nasdaq which rallied +6.6% and +6.8%, respectively. Most of the rally came on…
Markets ripped higher in late trade on Wednesday. The move came in response to a question posted to Fed Chair Jerome Powell at his press conference- Would the Fed raise rates 75 basis points in its next meeting? Powell was direct in his response- “75 basis points is not something the committee is actively considering”….
Markets are under pressure as we prepare for the busiest week of earnings. Over the next five sessions, 167 companies from the S&P report Q1 results. This includes four of the five companies that are in the ultra-exclusive “Trillian Dollar Club”. Alphabet (GOOG) and Microsoft (MSFT) report earnings Tuesday after the market closes. Amazon (AMZN)…
The Guns of August is a historical non-fiction novel penned by Barbra Tuchman. It centers around the developments in the month leading up to World War I. It studies the French and German 1914 preparations for a war based on assumptions around the Franco-Prussian War in 1870. What they did not consider was how the…
Russia has invaded the Ukraine. Geopolitical chaos is driving oil toward $100 a barrel. Investors have flocked into energy plays in response. Energy as a group is up 17% in 2022. The second best performer? Financials which have lost only -1.8% of its value this year. As we discussed in our January 13 article, oil is the place…
Investors continue to deal with headline disruptions. Geopolitical tensions weigh on sentiment. Perhaps the bigger concern lies around monetary policy uncertainty. Rate-sensitive markets gyrate in reaction to comments from central bank officials. This was evident last Friday when St. Louis Fed President James Bullard’s hawkish comments led markets lower. But did Bullard provide any new…
