HaiKhuu Weekly Recap & Analysis
October 14 - October 18, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
Dell will begin shipping servers with Nvidia’s new Blackwell AI chips next month
Robinhood just announced it’s adding index options to the platform
CEO Vlad Tenev just announced Futures are coming to Robinhood
Barclays will replace Goldman Sachs as the exclusive issuer of General Motors credit cards in the US
Major Indices’ Weekly Movement:
S&P 500: +0.58%
Nasdaq: -0.27%
Dow Jones: +1.11%
Monday, October 14
Stock Related News:
Starbucks is pulling back on promotions and discounts an early move by new CEO Brian Niccol to reposition and coffee chain after a turbulent year
Barclays will replace Goldman Sachs as the exclusive issuer of General Motors credit cards in the US
AMD just announced the AMD Alveo UL3422 accelerator card, “the latest addition to its record-breaking family of accelerators1 designed for ultra-low latency electronic trading applications”
Fed’s Kashkari:
Neutral rate is likely higher now than where it was pre-pandemic
Biden administration officials have discussed capping sales of advanced AI chips from Nvidia and other American companies on a country-specific basis
Economic News:
No Economic News
Major Indices:
S&P 500: +0.82%
Nasdaq: +0.84%
Dow Jones: +0.50%
Tuesday, October 15
Stock Related News:
Amazon and startup Databricks just signed a 5 year deal that could cut costs for businesses seeking to build their own AI capabilities
Databricks will use Amazon’s Trainium AI chips to power a service that helps companies customize an AI model or build their own
Dell will begin shipping servers with Nvidia’s new Blackwell AI chips next month
SuperMicro said today it expects to begin full scale production of its solutions which include Nvidia’s new Blackwell AI chip to select customers in Q4
Global chip stocks shed $420 billion as ASML shock halts rebound
Google Cloud:
“We’ve been working closely with Nvidia to sustainably build compute infrastructure of the future. “
Economic News:
Empire State Manufacturing Survey:
(Previous 11.5, Actual -11.9)
Major Indices:
S&P 500: -0.78%
Nasdaq: -1.34%
Dow Jones: -0.78%
Wednesday, October 16
Stock Related News:
Amazon signed 3 new agreements to support development of nuclear energy projects-including enabling construction of several new SMRS
Apple debuts new business tools for managing presence across emails, calls and Tap to Pay
Robinhood just announced it’s adding index options to the platform
CEO Vlad Tenev just announced Futures are coming to Robinhood
Economic News:
Import Price Index:
(Previous -0.2%, Actual -0.4%)
Major Indices:
S&P 500: +0.43%
Nasdaq: +0.01%
Dow Jones: +0.74%
Thursday, October 17
Stock Related News:
Blackstone is planning to list some of its largest investments
“We are preparing to take some portfolio companies public..I would say the discussions have gone from theoretical to practical and we are talking about things like timing".”
Apple announced today new PayPal and Klarna Integrations for Apple Pay on iOS 18
Amazon Web Services says Nvidia Blackwell System will come online early next year
Google told employees today that it is moving its team behind the Gemini App into the company’s broader AI subsidiary Deepmind
Netflix Earnings:
EPS of $5.40 beating expectations of $5.12
Revenue of $9.83B beating expectations of $9.77B
5.07M subscribers added last quarter above expectations of 4M
Amazon indicates employees can quit if they don’t like its return-to-office mandate
Economic News:
Initial Jobless Claims:
(Previous 260k, Actual 241k)
U.S. Retail Sales:
(Previous 0.1%, Actual 0.4%)
Major Indices:
S&P 500: +0.01%
Nasdaq: +0.07%
Dow Jones: +0.40%
Friday, October 18
Stock Related News:
Apple’s new iPhone series shipments in China jumped 20% in their first three weeks compared to the iPhone 15 models in 2023
Amazon indicates employees can quit if they don’t like its return-to-office mandate
Economic News:
Housing Starts:
(Previous 1.36M, Actual 1.35M)
Major Indices:
S&P 500: +0.38%
Nasdaq: +0.66%
Dow Jones: +0.085%
