Wall Street's AI trade hit a wall on Friday, October 30, and this time the sellers had receipts. Amazon, Intel and Reddit all reported quarterly numbers that, on their own, would not look like disasters — and all three stocks were punished anyway. The Nasdaq Composite tumbled 2.4% in Friday trading, the S&P 500 dropped 1.2% and the Dow Jones Industrial Average fell 0.3%, extending a...
The AI trade just got its first real cross-examination, and the witnesses did not all help the defence. On Thursday, October 29, US equities ended lower, with the S&P 500 falling 0.30 percent, the Nasdaq declining 1.40 percent and the Dow Jones losing 135 points. The proximate cause was earnings, but the deeper cause was a question investors had been postponing all year: how much cash can...
Every earnings season, the same scene repeats. A company reports, the stock jumps or dumps within minutes, and most investors are left staring at a headline that says "beat" or "miss" without knowing what actually mattered. The truth is that an earnings report is not one number — it is a story told in about five numbers, and once you know which five, you can read a report in ten minutes...
