Financial Markets
Rotation, Day Two: Qualcomm Sinks 9% as Memory Costs Hit Phones, AppLovin Jumps 20%, and the Dow Leads While Nasdaq Futures Slide
The post-election rotation carries into a second session: Dow futures are up about 0.6%, Nasdaq 100 futures down about 0.8%. Qualcomm beat and fell 9% as...
Gridlock Gets Bought, Data Centers Get Sold: Democrats Take Congress, Dow Futures Jump 2%, and AMD’s 80% Growth Call Meets a Texas Moratorium
Democrats won both chambers, and futures reversed an overnight drop: Dow futures up about 2%, S&P 500 about 1.2%. Bonds and gold rallied on gridlock. AI...
Raised and Sold: Palantir Lifts Its Guide and Falls 8%, Apple Slides on Memory Costs, and a Strike on Qeshm Puts Brent Back Near $106 on Election Day
Palantir grew 96% and raised its year, yet trades down about 7% to 8% on slower bookings. Apple set a September-quarter record and falls about 4% on a lower...
The Cash Flow Crisis Behind AI Growth
Alphabet's cloud business more than doubled its revenue, and the stock still had its worst day since its 2004 listing. The AI trade has moved from a story...
Oil Breaks $100 on Iran Diplomacy: Tech Bounces After the Nasdaq’s Worst Month Since 2025 as Apple and Palantir Face the Cash Test
WTI is down about 4% to near $99 after a report that Trump wants to give Iran diplomacy more time before any new strikes. Nasdaq 100 futures are up 0.6% to...
The Cash Audit Takes Amazon Too: AWS Grows 39%, Cash Flow Burns $42 Billion, and Intel Sinks 25% on a PC Slump
Amazon grew its cloud business at the fastest pace in nearly five years and spent $77.3 billion in one quarter to do it. Nasdaq 100 futures are down more than...
Cash Is the Fifth Audit: Microsoft Is Paid, Alphabet Loses 10% on Negative Free Cash Flow, and GDP Runs 3.4% With the Fed Split 10-2
Microsoft grew Azure 48% and spent less than expected; Alphabet grew cloud 103% and burned $9.07 billion of cash. Nasdaq 100 futures are down about 1.1%, the...
Back to 5%: Confidence Crushes Forecasts, SK Hynix Prints a 632% Profit Jump, and Only the Raise Gets Paid Into the Fed
Consumer confidence came in ten points above forecast Tuesday, and the 10-year is back at 5% this morning even after oil fell. Chips rose 3.60% on Anthropic...
AI Pays in Shares Now: Anthropic Files, Meta Lifts Its Raise to $97.5B With Nvidia Buying In, and Futures Climb Into the Fed
Anthropic’s IPO filing lifted chips 2.82% Monday, and Meta answered by enlarging the biggest equity raise on record, with its own chip suppliers buying....