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IBM shares suffered a record 25% decline after preliminary Q2 results missed estimates, while analysts reassessed revenue growth and AI expectations.
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Nvidia surged 7% after delivering blockbuster Q2 earnings with $96.22B revenue (106% YoY growth) and raising FY28 guidance to ~70% growth. The Vera Rubin platform is ramping ahead of schedule with orders from all major hyperscalers. However, gross margins are expected to compress from 75% to 71-72% due to rising memory costs, and the company's massive capital commitments warrant monitoring.
Read original at zacks-investment-researchGoldman Sachs has joined Wall Street in backing the Digital Asset Market Clarity Act, but prediction markets suggest final passage is unlikely until mid-2027 at the earliest due to Democratic concerns about ethics provisions. The crypto industry may need to rely on regulatory support from the SEC, CFTC, and OCC if the legislation stalls. Companies with strong Wall Street relationships like Coinbase and Circle are positioned to grow regardless of the Clarity Act's passage.
Read original at the-motley-foolBlackRock maintains that Bitcoin's 40% decline from its all-time high is a temporary correction driven by overleveraged positions and capital flows to AI investments, not a fundamental weakness. The firm reiterates Bitcoin's value as a long-term portfolio diversifier and hedge against currency debasement, while cautioning that Bitcoin exhibits dual characteristics of both risky and safe assets, making it suitable only for buy-and-hold investors with a long-term perspective.
Read original at the-motley-foolBitcoin is recommended as a portfolio diversification tool due to its historical low correlation with major asset classes. BlackRock's research supports Bitcoin as a potential hedge during market downturns. The optimal allocation is 1%-2% of a portfolio, balancing upside potential with risk management.
Read original at the-motley-foolArm Holdings shares climbed 4.76% in after-hours trading Wednesday, extending gains after an expanded IBM collaboration announcement.
Read original at benzingaJim Cramer shares his opinions on Rocket Lab, Canadian Natural Resources, Palantir, IBM and Williams Companies on Mad Money Lightning Round.
Read original at benzinga