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META

NVDA

Meta Platforms Inc (NASDAQ:META) shares are trading higher by 2.3% to $301.00 during Wednesday's after-hours session amid broader tech sector strength. The rise is attributed to the strong financial results and guidance from NVIDIA, a leader in the AI sector. Meta Platforms, which also integrates AI in its operations, could benefit from the growing adoption of AI technologies. NVIDIA's strong AI performance could suggest advancements in AI technologies, which could translate into improved AI-powered services by Meta Platforms.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:23 am

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher by roughly 1.03% amid broader tech sector strength. The strong performance of NVIDIA in the AI sector could indicate a growing demand for AI-related technologies and solutions, potentially benefiting Amazon's cloud business and its stock price. Amazon also utilizes AI for various purposes, which could signify advancements and increased investments in AI technologies.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:12 am

BCHUSD

BTCUSD

Bitcoin Cash (BCH) has fallen 6.5% to $193.23 over the past week due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. The perception of traditional financial systems as riskier might prompt investors to seek refuge in more established and regulated financial assets, reducing demand for Bitcoin Cash. Negative developments in the banking sector can also impact market confidence and reduce the adoption of cryptocurrencies.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:03 am

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading higher by 1.5% amid broader tech sector strength, following NVIDIA's strong Q2 financial results and Q3 guidance. Microsoft's investment in AI technologies, similar to NVIDIA's, suggests a growing demand for AI technologies, boosting investor confidence in Microsoft's AI-driven initiatives.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 11:49 pm

NVDA

TSLA

Tesla Inc's shares rose by 4.8% amid broader tech sector strength, particularly following NVIDIA's strong Q2 financial results and Q3 guidance. Both companies are key players in the AI and technology space, and NVIDIA's positive financial results suggest a healthy demand for AI-related technologies, which could benefit Tesla's AI-driven initiatives.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 11:43 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has fallen 13.5% over the past week due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. However, it has regained some ground following an announcement by Shibarium, Shiba Inu’s Layer-2 network, about the upcoming relaunch of its improved network.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 11:16 pm

AAPL

AMD

CRM

GOOG

GOOGL

MDB

MSFT

NVDA

ORCL

PLTR

SNOW

XLK

Nvidia Corp reported strong Q2 results, which sent the stock to record territory. Wedbush analyst Daniel Ives sees these results as a strong indicator of AI demand. He predicts a tech rally that will continue for the rest of the year, driven by the 'AI Gold Rush'. He named Nvidia, Microsoft, Alphabet, Apple, Oracle, Palantir Technologies, MongoDB, Snowflake, Salesforce, Advanced Micro Devices, and C3.ai as companies that will benefit from this trend.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 10:59 pm

SPY

The article discusses the performance of the SPDR S&P 500 ETF Trust (SPY) during and after Donald Trump's presidency. It states that the S&P 500 had average annual gains of 14.5% during Trump’s four years in office, and SPY was up around 67% during this period. The markets continued to rally after Biden won the 2020 presidential election, with the S&P 500 gaining 37.4% in the first year of his presidency. An investment of $1,000 in SPY on Biden's inauguration day would be worth $1,160.32 today, while the same investment made the morning after the election would be worth $1,297.61 today.

Portfolio Pulse from Chris Katje

August 23, 2023 | 10:30 pm

AMD

MRVL

NVDA

PLTR

TSM

NVIDIA Corp reported strong Q2 financial results and Q3 guidance, leading to a rise in its stock price and those of several other semiconductor and AI-related stocks. NVIDIA's Q2 earnings were $2.70 per share, beating the analyst consensus estimate of $2.09. The company also reported quarterly sales of $13.51 billion, surpassing the analyst consensus estimate of $11.22 billion. NVIDIA's Q3 revenue guidance is $16.00 billion, plus or minus 2%. Stocks that gained in sympathy with NVIDIA include C3.ai Inc, Palantir Technologies Inc, Advanced Micro Devices, Inc., Marvell Technology Inc., and Taiwan Semiconductor Mfg. Co. Ltd.

Portfolio Pulse from Ryan Gustafson

August 23, 2023 | 10:12 pm

SPCE

Investor Chamath Palihapitiya, known for his SPAC deals, has faced criticism as the valuations of several companies he took public have crashed. One such company is Virgin Galactic Holdings (NYSE:SPCE), which went public in 2019 in a SPAC merger anchored by Palihapitiya’s Social Capital Hedosophia Holdings Corp. After its stock climbed in 2019 through 2021, shares have fallen significantly and Palihapitiya has distanced himself from the company. He stepped down as chairman of Virgin Galactic in 2022 and sold a large position in the company.

Portfolio Pulse from Chris Katje

August 23, 2023 | 9:43 pm