Wall Street reached a historic milestone last week as the S&P 500 surpassed 7,800 for the first time ever, driven by cooler inflation and new financing developments in the artificial intelligence trade, according to market data. Despite modest drops on Friday, both the S&P 500 and the Nasdaq managed to post their third straight winning … Read more
S&P 500 Profit Margins Surge to Record Highs Corporate profitability across the United States has hit unprecedented levels. According to FactSet data analyzed by John Butters, senior earnings analyst and vice president at the firm, the S&P 500 blended net profit margin is running at 16.9% for the second quarter. That figure marks a substantial … Read more
Bill Ackman’s Pershing Square Capital Management has disclosed a new equity stake in Netflix, according to the firm’s semiannual report. The investment marks a high-profile return to a streaming giant that Pershing abruptly exited four years ago after a sharp subscriber drop. Why Pershing Square Re-entered Netflix After a 2022 Exit According to its semiannual … Read more
The artificial intelligence boom faces an acute structural risk because its financial foundations rely heavily on just two companies, according to former Neuberger Berman senior portfolio manager Steve Eisman. Speaking on CNBC’s “Fast Money,” Eisman warned that the entire capital expenditure cycle in tech is essentially a wager on the uninterrupted success of OpenAI and … Read more
AI Data Center Trade Reclaims Market Leadership Following Forced Fund Unwind According to CNBC’s Jim Cramer, the artificial intelligence data center trade is reclaiming its central position in the market as underlying fundamentals overcome recent investor pressure. Speaking on “Mad Money,” Cramer stated that market participants betting against data center infrastructure faced heavy losses during … Read more
Nvidia is assembling a $500 billion infrastructure financing pipeline with six major asset managers to fund artificial intelligence data centers, according to CEO Jensen Huang, attempting to position high-performance graphics processing units as long-term financial assets rather than fast-depreciating hardware. Wall Street Financing Pipeline and Asset-Backed Loans Nvidia unveiled agreements with BlackRock, Blackstone, Apollo, KKR, … Read more
Cardinal Health shares set a record close after the company reported fourth-quarter fiscal 2026 results that beat adjusted earnings expectations despite a top-line revenue miss, according to LSEG data. Revenue for the quarter ending June 30 increased nearly 6% year over year to $63.67 billion, falling short of the $65.03 billion consensus estimate, while adjusted … Read more
Computing power is emerging as a tradable asset class as CME Group partners with Silicon Data to launch the first futures contracts tied to the cost of running artificial intelligence chips, according to announcements from the companies. The upcoming derivatives, slated for October 5 pending regulatory approval, will allow companies and investors to trade and … Read more
Space Exploration Technologies (SpaceX) could see its stock price more than double as investors begin to price in the company’s expanding artificial intelligence division, according to a Morgan Stanley report issued Monday by analyst Adam Jonas. The Wall Street firm maintained an overweight rating and a $300 price target on the stock, pointing to the … Read more
Apple shares slumped in pre-market trading after investment firm Jefferies downgraded the tech giant to underperform from hold, citing the reported cancellation of its anticipated all-glass iPhone due to low production yields. According to Jefferies analyst Edison Lee, abandoning the ambitious hardware project delivers a significant blow to the company’s hardware revenue strategy, prompting the … Read more