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Goldman Sachs' high beta momentum basket is on track for its worst monthly performance in history.
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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-foolSpaceX stock has fallen back to near its $135 IPO price after peaking at $225.64 in June. Wall Street analysts remain bullish with an average $232.35 price target (68% upside), though predictions range widely from $75 to $450. The key to SpaceX's valuation hinges almost entirely on the success of its AI business, which represents 93% of the company's $28.5 trillion total addressable market. While Starlink and rocket divisions are valuable, investors must believe in SpaceX's ability to scale its AI division profitably.
Read original at the-motley-foolGoldman Sachs executive Chris Churchman warns AI overreliance could cause “cognitive atrophy” and weaken future Wall Street talent.
Read original at benzinga