Saturday, May 27, 2023

The median gain in Microsoft, Alphabet, Amazon, Meta, Tesla, Apple, and Nvidia stocks is 43% since January, almost 5x the S&P 500, bolstered by AI optimism (Bloomberg)

Bloomberg:
The median gain in Microsoft, Alphabet, Amazon, Meta, Tesla, Apple, and Nvidia stocks is 43% since January, almost 5x the S&P 500, bolstered by AI optimism  —  Rarely does a tech-powered stock rally come along that isn't pilloried for the fragility of its foundation.



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Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, an outlier in the software industry amid the AI boom (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE : Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, a...