Those waiting for the artificial intelligence bubble to pop have been let down this earnings season.
In the latest sign that AI exuberance is alive and well in markets, Arm Holdings (ARM) stock has surged more than 70% in the last five days of trading after topping Wall Street's earnings estimates on Feb. 7.
And, perhaps most importantly, the chipmaker attributed its better-than-expected revenue forecast to artificial intelligence.
"When you think about artificial general intelligence, that's going to drive the need for more compute in a way that we've never seen before," Arm CEO Rene Haas told investors on the company's earnings call. "So as good as the last couple of quarters were, we're just at the beginning."
Arm soared nearly 50% in the next day of trading.
Shares at one point doubled from their pre-earnings price before a hotter-than-expected inflation report tempered the recent risk-on narrative in markets. Amid a broader market sell-off, Arm shares tumbled nearly 20% on Tuesday.
ARM
https://finance.yahoo.com/news/arms-stock-rally-shows-investor-hype-extends-to-theoretical-ai-plays-morning-brief-110250469.html
NVDA
https://www.investors.com/news/technology/nvidia-discloses-stakes-in-arm-soundhound-ai-nano-x-and-more/?src=A00220
BRK
https://www.barrons.com/articles/berkshire-hathaway-apple-chevron-paramount-hp-stock-price-25282002?siteid=yhoof2
Super Micro Computer
https://finance.yahoo.com/news/super-micro-computer-surged-today-225930713.html
ChargePoint
https://finance.yahoo.com/news/chargepoint-jumping-today-still-down-204320372.html
Education Monday: How Unretiring May Impact Your Social Security
Stocks, Bonds, Commodities and Interest Rates - What Happened in 2022 and What May Be Next in 2023
401k Target Date Funds: What You Need to Know
Stock Market Recap.week of Nov. 28th - Fed Rate hikes move markets
Stock Market Recap.week of Nov. 14th - Slow week for the Markets
Why is everyone talking about annuities right now?
Recession vs. Depression - Financial Education Monday
Stock Market recap for the week of Nov. 7th. - Thank you to those that served.
Stock Market Recap - Too much data to talk about for the week of Oct. 31st.
Stock Market Recap for the week of Oct. 24th.
Market Recap - CASH IS KING - Taking on a new meaning.
Market News wrap up for the week of Oct. 10th, 2022
How to Invest in the next phase of this 2022 Bear market!
Why Long Short Investing is key in this next recession.
Retirement on your mind? What you should be doing now in a Bear Market and Recession.
Do you get those doomsday emails about the dollar?
Are Real Estate Prices Going To Crash?
Investing in a Bear Market? - Know Your Alternatives
Investing in a Bear Market
Diversification and Passive income.
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast