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SpaceX Stock Gets a Lift From Nvidia Earnings
Barrons.com28d agoneutral
SpaceX Stock Gets a Lift From Nvidia Earnings

Shares of Elon Musk’s rocket and AI company rose 0.6% to $140.47 in premarket trading, while futures were up 0.4% and futures were down 0.1%. futures were the strongest, up 1%, thanks in part to Nvidia’s strong quarterly results. Nvidia stock rose nearly 7% in premarket trading after better-than-expected earnings and strong guidance.

OpenAI Is the Sole Investor in Its Latest Venture Fund
The Wall Street Journal29d agoneutral
OpenAI Is the Sole Investor in Its Latest Venture Fund

OpenAI is launching a second startup fund—this time pulling from its own balance sheet. An affiliate of the ChatGPT maker filed paperwork with the U.S. Securities and Exchange Commission on Wednesday indicating it has raised a $400 million sophomore fund. OpenAI launched its first startup fund, a $175 million haul, in 2021.

Nvidia Reports Earnings Today. Will Wall Street’s High Bar Spoil the Surge?
Barrons.com29d agobullish
Nvidia Reports Earnings Today. Will Wall Street’s High Bar Spoil the Surge?

For three years now, Nvidia’s quarterly performance has become a milestone for the artificial-intelligence trade. Investors get their latest look at Nvidia earnings Wednesday afternoon when the AI-chip leader reports its second-quarter results. Wall Street analysts expect second-quarter adjusted earnings per share of $2.09, doubling over the past year, on sales of $92.3 billion, also twice what the company posted a year ago.

Anthropic expected to tell investors it sees over $30 trillion in potential revenue, WSJ reports
Reuters30d agoneutral
Anthropic expected to tell investors it sees over $30 trillion in potential revenue, WSJ reports

Anthropic is likely to tell investors that it sees its ‌total addressable market (TAM) exceeding $30 trillion, ahead of ‌the $28.5 trillion estimate from SpaceX, the Wall Street Journal ​reported on Tuesday. TAM is the annual revenue opportunity available if a product or service achieved 100% market share in its relevant market. Here are a ‌few details: • To ⁠quantify its TAM, Anthropic is looking at the full scope of ⁠work that could be completed with AI models, WSJ said.

Anthropic Expected to Tell Investors It Sees Over $30 Trillion in Potential Revenue
The Wall Street Journal30d agoneutral
Anthropic Expected to Tell Investors It Sees Over $30 Trillion in Potential Revenue

SpaceX’s record-breaking IPO tested the limits of an obscure financial metric. The maker of Claude is likely to tell investors its potential revenue opportunities are above $30 trillion, topping SpaceX’s $28.5 trillion estimate, according to people familiar with the matter. Tech startups or other growing companies going public often estimate their “total addressable markets,” or TAMs, to show investors they have ample room to grow.

Apple Mac Mini Revamp; Dick's Sporting Goods Falls on Outlook | Stock Movers
Bloomberg30d agobearishVIDEO
Apple Mac Mini Revamp; Dick's Sporting Goods Falls on Outlook | Stock Movers

On this episode of Stock Movers: - Dick's Sporting Goods (DKS) shares are plummeting as it lowered its full-year outlook amid weakness at its recently acquired Foot Locker unit. - Apple (AAPL) shares are slightly lower as the tech giant is gearing up to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter. - SpaceX (SPCX) shares are higher in the premarket as Elon Musk says SpaceX's first AI satellites, powered by Nvidia chips, will initially launch in the fourth quarter of next year and hit "significant scale" in 2028.