GENNIEFY
Market News
Latest financial news and analysis from global markets
NVDA
SanDisk’s Gross Margins Just Topped NVIDIA’s. Wall Street Sold Anyway.
Of everything SanDisk (NASDAQ:SNDK) said in its fiscal Q3 report, the real story is a paradox. They posted an adjusted gross margin of 78.4%, a level that sits above the 75.1% gross margin Wall Street expects NVIDIA (NASDAQ:NVDA) to post when it reports its fiscal Q1. And yet the stock fell roughly 6% after hours. ... SanDisk’s Gross Margins Just Topped NVIDIA’s. Wall Street Sold Anyway.
NVDA
Why Quanta Services Stock Is Powering Higher This Week
April showers haven't washed away the bulls' enthusiasm this week.
INTC
Why Quanta Services Stock Is Powering Higher This Week
April showers haven't washed away the bulls' enthusiasm this week.
INTC
The downstream winners of the AI trade's latest phase
Jackson Square Capital managing partner Andrew Graham takes a magnifying glass to the state of the AI trade — as the latest batch of Magnificent Seven earnings came out this week — and the factors that are creating "downstream winners" like Dell Technologies (DELL).
AMZN
The downstream winners of the AI trade's latest phase
Jackson Square Capital managing partner Andrew Graham takes a magnifying glass to the state of the AI trade — as the latest batch of Magnificent Seven earnings came out this week — and the factors that are creating "downstream winners" like Dell Technologies (DELL).
MSFT
The downstream winners of the AI trade's latest phase
Jackson Square Capital managing partner Andrew Graham takes a magnifying glass to the state of the AI trade — as the latest batch of Magnificent Seven earnings came out this week — and the factors that are creating "downstream winners" like Dell Technologies (DELL).
AAPL
The downstream winners of the AI trade's latest phase
Jackson Square Capital managing partner Andrew Graham takes a magnifying glass to the state of the AI trade — as the latest batch of Magnificent Seven earnings came out this week — and the factors that are creating "downstream winners" like Dell Technologies (DELL).
GOOGL
The downstream winners of the AI trade's latest phase
Jackson Square Capital managing partner Andrew Graham takes a magnifying glass to the state of the AI trade — as the latest batch of Magnificent Seven earnings came out this week — and the factors that are creating "downstream winners" like Dell Technologies (DELL).
GOOGL
The Week in Numbers: big tech spends big on AI, oil marches on
<body><p>STORY: From big tech spending to Prada's boost from the Americas... This si the Week in Numbers.</p><p>:: The Week in Numbers</p><p>:: 63%</p><p>63% was how much revenue at Google Cloud grew by in the first quarter, to $20 billion.</p><p>Overall, Alphabet topped Wall Street estimates for quarterly revenue...</p><p>as enterprise spending on AI delivered the best quarter of reported growth for its cloud unit yet.</p><p>The Google parent company's total revenue rose 22% to $109.9 billion.</p><p>:: $122 </p><p>$122 was the price of Brent crude, jumping to a four-year high.</p><p>It rose due to concerns the U.S.-Iran war could further escalate and disrupt global oil supply.</p><p>Reuters energy editor Dmitry Zhdannikov:</p><p>"The idea that somehow, somewhere, a consumer in the world will be insulated from the impact of this crisis is completely false. Everywhere in the world, in Asia, in Europe, even in the United States, which produces a lot of oil of its own, consumers will feel a massive impact." </p><p>:: 6%</p><p>6% was how much Meta shares fell by...</p><p>That after it raised its annual capital spending forecast by $10 billion as it invests heavily in AI infrastructure.</p><p>The Facebook-parent now projects capital expenditure between $125 billion and $145 billion this year.</p><p>That's even as it grapples with possible losses from a global youth social media backlash.</p><p>It also warned that legal and regulatory blowback in the EU and the U.S. could impact business.</p><p>:: 14%</p><p>14% was the unexpected fall in first-quarter operating profit at Volkswagen, to $2.9 billion.</p><p>The group said it must overhaul its business...</p><p>as tariffs, geopolitical shocks and weak car demand hit the auto industry.</p><p>Around 50,000 jobs are already due to be cut across the group in Germany by 2030.</p><p>:: $1.64 billion</p><p>$1.64 billion was the first quarter group revenue at Prada, excluding Versace..</p><p>It was driven by double-digit sales growth in the Americas, which offset weakness in Europe and the Middle East.</p><p>Prada acquired Versace last year and is in the process of integrating and relaunching the brand.</p><p>Versace contributed $167 million to quarterly revenues.</p></body>
XAU/USD
Gold Likely to Remain Under Pressure for a Bit
Citi expects gold to remain under pressure in the near term amid Middle East uncertainty, particularly "in the case of higher oil prices and another wave of equity market correction." It reiterates a $4,300/oz target for the next 0-3 months.
JPM
Gold Declines as Trump Vows to Maintain Pressure on Iran
(Bloomberg) -- Gold fell as traders weighed a standoff between the US and Iran that’s dashed expectations for rate cuts from central banks across the world.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep RisingNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesBullion fell as much as 1.2%, after adding 1.5% in the p
GOOGL
AI Agents Are Becoming Day Traders, But Gains Are Elusive
(Bloomberg) -- Jake Nesler’s AI trading bot got one big decision right in its first week. It ignored the chase.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep RisingNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesWhen Nvidia Corp.’s earnings sent the stock surging in late November, the agent — trained on Nesler’s