In today’s briefing:
- S&P500 Index Rebalance: Bitcoin Miner Is a SPCY Add
- Alphabet Inc.: Are Its AI-Powered Business Strategies Just Not Good Enough? – Major Drivers
- Intel Corporation: An Analysis Of AI and Accelerator as Revenue Drivers for Intel
- KLA-Tencor Corp – KLA Corporation: A Segment-Wise Breakdown Of Key Growth Areas! – Major Drivers
- Microsoft Corporation: Will The Cloud & AI Infrastructure Investment & The Introduction Of New AI Models Give It An Edge Over Alphabet & Other Rivals? – Major Drivers
- T-Mobile US: Is The 5G Home Internet (FWA) Expansion Giving It An Edge Over Competitors? – Major Drivers
S&P500 Index Rebalance: Bitcoin Miner Is a SPCY Add
- Following Exxon Mobil (XOM US)‘s acquisition of Pioneer Natural Resources (PXD), Vistra (VST US) will be added to the S&P 500 INDEX (SPX INDEX) at the close on 7 May.
- Marathon Digital Holdings (MARA US) is an add to the S&P SmallCap 600 Index and the stock could move higher till implementation.
- Marathon Digital Holdings (MARA US) stock has underperformed its close peers this year and the ratio of Marathon Digital Holdings stock price to Bitcoin (XBTUSD CURNCY) is near the lows.
Alphabet Inc.: Are Its AI-Powered Business Strategies Just Not Good Enough? – Major Drivers
- Alphabet Inc. reported a strong first quarter in 2024, fueled by robust performance from its search engine, YouTube, and cloud businesses.
- The company’s annual revenue grew from $100 billion to over $300 billion in six years.
- It predicts that YouTube and Cloud will reach a combined annual run rate of more than $100 billion by the end of 2024.
Intel Corporation: An Analysis Of AI and Accelerator as Revenue Drivers for Intel
- Intel Corporation has exhibited sturdy Q1 outcomes, with revenue delivery being on par and the Earnings Per Share (EPS) exceeding the set guidance.
- This demonstrates the company’s growth in revenue generation and effective cost management strategy.
- However, the trends for the first half of the year were moderately weaker than originally forecasted, triggered by some near-term supply constraints.
KLA-Tencor Corp – KLA Corporation: A Segment-Wise Breakdown Of Key Growth Areas! – Major Drivers
- KLA Corporation reported its Q1 2024 earnings call, where its performance indicates a blend of promising and challenging factors.
- The company’s revenues for the quarter noted a solid $2.36 billion, surpassing its guidance range midpoint.
- Further, its exit from the flat panel business contributed to elevated EPS results on both non-GAAP and GAAP fronts, surpassing the adjusted midpoint guidance issued on March 18.
Microsoft Corporation: Will The Cloud & AI Infrastructure Investment & The Introduction Of New AI Models Give It An Edge Over Alphabet & Other Rivals? – Major Drivers
- Microsoft’s Fiscal Year 2024 Third Quarter Earnings revealed that Microsoft continues to leverage and further deploy artificial intelligence (AI) initiatives and solutions through its cloud ecosystem.
- It underscores Microsoft’s strategic direction in intensifying its capabilities in artificial intelligence and cloud infrastructures based on market needs, with Satya Nadella, Chairman and Chief Executive Officer of Microsoft, pointing out the continuing success of Microsoft Cloud surpassing $35 billion in revenue, a growth of 23%.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
T-Mobile US: Is The 5G Home Internet (FWA) Expansion Giving It An Edge Over Competitors? – Major Drivers
- T-Mobile US has demonstrated impressive performance in its Q1 2024 earnings, showing continuous growth and advancing its guidance for the year.
- A key highlight is that the company’s postpaid phone net additions are consistent with the same period last year, even as the industry’s net adds have reduced by a double-digit percentage.
- This shows that T-Mobile’s best network value proposition is popular among customers, as evidenced by the growth in postpaid phone gross adds over the past four quarters and record-low Q1 postpaid phone churn.
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