Dow, Nasdaq Futures Plunge as AI Fairy Tale Loses Luster
Both the Dow and Nasdaq are off triple digits before the bell
Yesterday’s AI surge was short lived, despite Palantir Technologies’ (PLTR) third-quarter earnings beat, as Wall Street grows weary over market-leading valuations. In response, stock futures are looking grim, with the Dow Jones Industrial Average (DJIA) off nearly 300 points.
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Read MoreStock Market Live November 4: S&P 500 (SPY) Dropping on Palantir Decline
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- While impressive, the market has become nervous about Palantir’s valuation—especially given its 200x forward earnings multiple.
- Right now, the Dow Jones, the NASDAQ,
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Read MoreNASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Look Weak for the Open on Tuesday
NASDAQ 100 Technical Analysis
The Nasdaq 100 fell fairly significantly during the pre-market trading session on Tuesday as we have re-entered the trading channel. That being said, I don’t think this necessarily means anything other than gravity came back into play. A bounce is more likely than not. The question is whether we will get it here or at the 25,000 level.
Read MoreStock Market Live November 4: S&P 500 (VOO) Tumbles After Palantir Report, Goldman Sachs Warning
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- Investors are selling off Palantir stock despite the AI defense tech company reporting a “beat and raise” quarter last night.
- Goldman Sachs CEO David Solomon warns stock markets could fall 20% in the next two years.
CEO Jensen Huang Just Delivered Fantastic News for Nvidia Investors
Nvidia’s GTC event in Washington, D.C., will be one for the history books.
Nvidia (NVDA +0.60%) made headlines at its GTC event that was held on Oct. 28. There were several bombshell announcements ranging from government contracts to quantum computing to new technology.
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Read MoreThe Burst
Will Amazon Stock Make You a Millionaire In 10 Years?
Amazon isn’t just a retailer. It’s an ecosystem and it’s hard to find another company with the same mix of scale, efficiency, and stickiness across multiple trillion-dollar industries.
Start with e-commerce. Amazon’s scale gives it a cost advantage that smaller rivals simply can’t touch. After pouring tens of billions into logistics, robotics, and AI-driven warehouse optimization,
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Read MoreThe Ivy
Datadog Just Cracked the S&P 500, Wall Street Thinks It’s Just Getting Started
Datadog (NASDAQ: DDOG) is officially joining the S&P 500 on July 9. Shares are up by more than 15% since the announcement, adding to what’s already been a stunning multi-year run. Since going public six years ago, Datadog has skyrocketed by over 4x, nearly triple the S&P 500’s return over the same period.
But even after that massive run,
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Read MoreThe Spotlight
Will Bitcoin Hit an All-Time High Before the Election?
Will Bitcoin hit an all-time high before voters head to the polls?
While Bitcoin has demonstrated its potential to defy expectations, a new set of circumstances, including institutional support, hedge fund interest, and political influences, are converging, making the coming weeks critical for Bitcoin’s price trajectory.
So how high can Bitcoin go?
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