Tag TSLA

Alphabet (GOOG, GOOGL) delivered an earnings beat, sending the stock higher and fueling confidence in the “Magnificent Seven” group. With Microsoft (MSFT), Meta Platforms (META), Amazon (AMZN), and Apple (AAPL) set to report this week, Capital Fund Management head of macro strategy Christian Dery joins Market Domination Hosts Julie Hyman and Josh Lipton to discuss the impact of the Magnificent Seven on the broader market. “These companies have gotten so large that on earnings events…you're getting these swings in market cap on the order of $2 [billion] to $400 billion,” Dery says, highlighting Nvidia (NVDA) and its impact on the S&P 500 (^GSPC) specifically. The chipmaker doesn’t report earnings until Nov. 20. As the Magnificent Seven companies report earnings, capital spending will likely be closely watched by investors as Big Tech companies invest billions into artificial intelligence (AI) infrastructure without a definitive timeline on AI monetization. The strategist says, “The reality is that the existing incumbents have to build out this technology because they can't risk falling behind their competitors,” but “We haven't found the killer use case just yet, and the market is going to start to be more discerning in terms of [the] path to profitability scale. They're going to focus on CapEx and projections for CapEx.” For more on how Dery navigates investing in the Magnificent Seven, watch the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan...

BYD’s third quarter sales came in at $28.2 billion, higher that’s Tesla’s third quarter sales of $25.2 billion. That’s a first...

We recently published a list of 10 Worst-Performing Industries in 2024. In this article, we are going to take a look at where EV/Future Transportation industry stands against other worst-performing industries in 2024. Several market-influencing factors are at play in 2024. These include policy easing by central banks around the world, falling commodity prices and […]...

On Tuesday, Cathie Wood’s Ark Invest made some significant trades, most notably selling shares of Tesla Inc (NASDAQ:TSLA) and buying a substantial amount of Archer Aviation Inc (NYSE:ACHR). The Tesla Trade ARK Innovation ETF (NYSE:ARKK) and ARK Next .....

xAI eyes a $40B valuation amid plans to expand and compete with AI giants like OpenAI...

Digging into the economic readings, growth is much less impressive than it seems based on the headline numbers. We highlight five things investors shouldn't see in a 'healthy' economy...

The Tesla CEO said AI is a “significant existential threat.”...

Tesla investors are looking for new avenues for growth...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...