I’m not surprised by the stock slide; the shares had been up twenty-seven percent in three weeks leading up to the report. Ergo, sell on the news. Nvidia beats, boosts buybacks, but shares slide Nvidia’s report showed less upside than in prior quarters, prompting a six-percent
@tiernanraytech
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Wall Street’s Best Ideas: AI Arms Race Accelerates
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Wall Street’s Best Ideas: AI arms race keeps going OpenAI explains why they are so confident in spending billions on AI, buy-side expectations are pretty high for Nvidia’s October-outlook, bull and bear dismiss Hindenburg’s short story on Super Micro, and Ambarella and Box seem
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Cerebras Debuts World’s Fastest Inference Technology
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It was an interesting couple of days hearing from Cerebras about their move into inference. I think the company made a compelling pitch for different technology needed to enable different kinds of Gen AI queries. AI startup Cerebras debuts ‘world’s fastest inference,’ with a
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CrowdStrike Disaster Drives Observability Focus in Enterprise
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Please enjoy my interview with Dynatrace CEO Rick McConnell Dynatrace CEO: CrowdStrike, industry consolidation, have brought new opportunities The CrowdStrike disaster last month has focused customers on the importance of “observability,” says Dynatrace CEO Rick McConnell. At
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Google’s Break-up Value: Market Assessment of Mobile Tech Division
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Wall Street’s Best Ideas: What’s the break-up value of Google? The market is assigning no value to Google’s mobile technology such as the Pixel phone, in one analyst’s view, while http://
monday.com is unremarkable software but it’s also acquisition bait, and one number is -
TL20 Portfolio Rebalancing: Tech Giants on Sale
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The TL Podcast for August 12th: Rebalancing the TL20 for deals The TL20 has its biggest rebalancing since inception in 2022, thanks to a twenty-percent-off sale on names such as ServiceNow, and Cisco and Applied Materials are on tap for earnings. https://
thetechnologyletter.com/the-posts/the-
tl-podcast-for-august-12th-rebalancing-the-tl20-for-deals
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TL20 Rebalancing: Finding Tech Winners in Market Downturn
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The TL20: Amidst choppy seas This is the largest rebalancing of the TL20 to date. After a gain of 114% in two years, handily beating the benchmarks, the recent downdraft provides ample opportunity to pick new winners in tech. https://
thetechnologyletter.com/tl20 -
Dynatrace Surges While Reddit Slumps in Earnings Season
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Wall Street’s Best Ideas: Dynatrace surges, Reddit slumps in correction earnings season Beaten-down Dynatrace showed it has staying power, driving shares higher, while darlings Reddit and Super Micro sold off on very high expectations and inflated stock prices.
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Antitrust Cases Drive Tech Giants to New Stock Heights
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Wall Street’s Best Ideas: What, Google worry? I’m reminded of what venture capitalist Roger McNamee said to me last November: “Each anti-trust case unleashed one or more massive new industries […] The target company always went to new stock price highs that continued more or
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Tech stocks at discount: KLA, Marvell, ServiceNow, Dynatrace valuations
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Some absolute gems at a discount Valuations are much more reasonable for stocks of lots of good tech companies including KLA, Marvell, ServiceNow and Dynatrace. With healthy growth in many cases, these shares don’t need to see valuation appreciation to deliver good returns.