AnalytixInsight

Last week, Dow Jones rose 4.6%, S&P 500 gained 4.7%, and Nasdaq composite leaped 5.7% — all hitting record highs. Palantir climbed 13% on accelerating growth, and a higher revenue projection on Monday, as the company raised its full-year 2024 guidance for the third time this year. The retail favorite stock is now trading at ~35-40x sales. Palantir will also provide Anthropic’s Claude to the U.S. military. Amazon is discussing making another multi billion-dollar investment in Anthropic. VC’s are in talks about an investment in Perplexity, at a US$9 billion valuation, triple the valuation from a round earlier this year. Cryptocurrencies and related equities, Coinbase, Robinhood, and Microstrategy broadly rallied on Wednesday, after Donald Trump won the U.S. presidential election and Republicans took control of the Senate. Bitcoin hit an all time high, jumping more than 8% to US$75,450. Arm Holdings’ revenue growth slowed to just 5% in Q3, from 39% in Q2, the stock fell 4% in after-hours trading. SuperMicro showed disappointing earnings but “no evidence of fraud”, according to media reports. Airbnb’s growth slowed further in Q3, down eight points from Q1. Pinterest’s revenue growth slowed to 18% in Q3, the stock fell ~15% after the company projected even slower growth in Q4. Apple is reportedly exploring smart glasses in order to challenge Meta, and Snap. According to Mark Gurman from Bloomberg, Apple is ‘seriously considering’ developing a cheaper Apple Vision device that offloads all of the computing power to your iPhone, essentially developing a headset with primarily displays and a battery. Meta is opening a pop-up retail store for the Ray-Ban Meta glasses. Baidu will reportedly announce AI-powered smart glasses in China next week. Sophic Client, Kraken Robotics demonstrated a new KATFISH autonomous launch and recovery system to Navy customers. Sophic Client, Plurilock achieved CMMC Level 1 compliance for the United States Department of Defense.

After mixed Q3 results from big tech, going into the US election, with 10 year yields at their highest in four months — Dow Jones ended the week down 0.15%, S&P 500 lost 1.4%, and Nasdaq was down 1.5% after hitting a record high Thursday morning. Investors valued Waymo at US$45 billion, a surprisingly low number, according to reports. Some 75% of OpenAI’s revenue comes from consumers. Apple grew revenue 6% to US$94.9 billion in the September quarter, its strongest growth in two years, while Warren Buffett/Berkshire sold more stock in the quarter. Microsoft’s revenue rose 16% in the September, but cloud server rental growth slowed. Alphabet said its revenue grew 15% y/y in Q3. More than a quarter of new code at Google is now generated by AI. OpenAI’s ChatGPT added search features. OpenAI will start using AMD chips and could make its own AI hardware in 2026. Nvidia stock is undervalued because AI companies need to spend another US$9 trillion to achieve superintelligence, according to Softbank’s CEO. Super Micro shares plunged 33% as the company’s auditor resigned. In Canada, Sophic Client OneSoft Solutions announced the completion of its acquisition by Irth Solutions LLC, a Blackstone Portfolio company. The all cash consideration represents a premium of 42% to the closing price on last trading day before the deal was announced. Sophic Client American Aires generated record quarterly order volume and sales in Q3/2024, and the seasonally strong Q4 appears to be off to a very strong start. Sophic Client ADM Endeavors provided a corporate and industry update, highlighting growth opportunities and robust asset value, which provides additional support to shareholder equity. Sophic Client Boardwalktech and Scadea Software Solutions announced a partnership to sell and deploy Boardwalk Unity Central and Velocity Platform applications. Sophic Client NowVertical Group launched a data risk mitigation solution with client guarantees for enhanced data security.