Small Caps Signal Recession Worries, Large Caps Hold Up On AI Frenzy
Portfolio Pulse from The Arora Report
Small caps, represented by iShares Russell 2000 ETF (IWM), are signaling recession worries as they have accelerated to the downside. Large caps, however, are being held up by the AI frenzy. Amazon (AMZN) is investing $4B in AI startup Anthropic, following Microsoft's (MSFT) play with OpenAI. This is negatively impacting NVIDIA (NVDA) and AMD (AMD) in early trade. Money flows are positive in Amazon and Apple (AAPL), but negative in Nvidia, Microsoft, Alphabet (GOOG), Meta Platforms (META), and Tesla (TSLA). Money flows are mixed in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).
September 25, 2023 | 3:24 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD is negatively impacted by Amazon's investment in AI startup Anthropic.
The article mentions that Amazon's investment in AI startup Anthropic is negatively impacting AMD in early trade. This is likely to negatively impact the price of AMD's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Small caps, represented by iShares Russell 2000 ETF (IWM), are signaling recession worries.
The article mentions that small caps have accelerated to the downside, signaling recession worries. This is likely to negatively impact the price of IWM in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA is negatively impacted by Amazon's investment in AI startup Anthropic.
The article mentions that Amazon's investment in AI startup Anthropic is negatively impacting NVIDIA in early trade. This is likely to negatively impact the price of NVIDIA's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Amazon is investing $4B in AI startup Anthropic, which is positively impacting its stock.
The article mentions that Amazon is investing $4B in AI startup Anthropic. This is likely to positively impact the price of Amazon's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100