The Daily
Stocks Hit Record High, Nvidia Nears $6 Trillion and Google Signs Massive Power Deal
TLDR
- The S&P 500 and Nasdaq hit fresh record highs as Treasury yields eased and oil prices fell.
- Nvidia rose again, pushing its valuation close to $6 trillion.
- Uber agreed to buy corporate catering platform ezCater for $2.3 billion.
- Constellation Energy jumped after signing a 3.59-gigawatt power agreement with Google.
Applied Materials vs. Nvidia: Which Chip Stock Is a Better Buy in 2026?
The artificial intelligence spending boom has rewarded chip designers along with the companies that supply equipment to chip factories. Should you favor Applied Materials (NASDAQ:AMAT) or Nvidia (NASDAQ:NVDA) today?
Applied Materials provides the equipment and software used to manufacture semiconductors, and Nvidia designs the high-performance processors that power data centers and AI models.
» Read more about: Applied Materials vs. Nvidia: Which Chip Stock Is a Better Buy in 2026? »
Warren Buffett’s Successor at Berkshire Hathaway Places Another Big Bet on Housing
Berkshire Hathaway, the major holding company previously championed by Warren Buffett, has made its third major investment in the U.S. homebuilding sector this year.
The company increased its stake in Lennar, America’s second largest homebuilder, by 94% in the third quarter,
Will Crescent Energy (CRGY) Beat Estimates Again in Its Next Earnings Report?
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Crescent Energy (CRGY), which belongs to the Zacks Alternative Energy – Other industry, could be a great candidate to consider.
This oil and gas company has an established record of topping earnings estimates,
» Read more about: Will Crescent Energy (CRGY) Beat Estimates Again in Its Next Earnings Report? »
60% of Wall Street’s Ratings on S&P 500 Stocks Are Now Buys, the Most on Record
Wall Street has never been this bullish on S&P 500 stocks, and that near-unanimous optimism may be exactly what puts SPY holders at risk heading into earnings season.
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FactSet (NYSE:FDS | FDS Price Prediction) recorded 13,097 analyst ratings on S&P 500 companies heading into the fourth quarter: 59.9% were Buys,
» Read more about: 60% of Wall Street’s Ratings on S&P 500 Stocks Are Now Buys, the Most on Record »
Warren Buffett's investment advice on the S&P 500: the 90/10 rule and the Vanguard Index Fund that could turn $400 a month into $820,000
For decades, Berkshire Hathaway CEO Warren Buffett has consistently recommended the exact same strategy for everyday investors looking to build long-term wealth: buy a low-cost S&P 500 index fund and hold it.
Outlined prominently in his 2013 letter to Berkshire Hathaway shareholders, Buffett revealed that his own estate planning follows this principle.
Tesla Stock Rises as SpaceX Merger Talk Fuels Near-Term Upside
HSBC raised its Tesla price target to USD 157 from USD 125 but kept its Reduce rating. The updated target still implies substantial downside from current levels.
The firm noted that quarterly production trailed deliveries by about 23,000 vehicles. HSBC said that gap could point toward slower expected sales or reflect summer factory shutdowns.
» Read more about: Tesla Stock Rises as SpaceX Merger Talk Fuels Near-Term Upside »
Big Tech Stocks Are Still Delivering Huge Earnings Growth
Commentary
Last Wednesday, Micron Technology (MU) announced stunning 379% revenue growth and 1,061.5% earnings growth (to $37.7 billion), significantly above analyst consensus estimates. Micron also raised its revenue and earnings guidance. Sanjay Mehrotra, Micron Chairman and CEO, said, “Micron delivered record fiscal 2026 results, and we expect an even stronger 2027.”
Also last week,
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