markets

Luke Kawa8/28/24

And the real losers from Nvidia’s earnings report are...

If you were punting on Nvidia using short-term options heading into this earnings report, it doesn’t really matter whether you were bearish or bullish: so far, you may be poised to lose either way.

The option-implied expectation was for the chip designer powering the AI boom to move 9.8% on earnings. Up or down. About 30 minutes after its results dropped (which looked solid on the surface, but hey, not good enough, it seems), the stock has been up as much as 2.3% and down as much as 8.4%.

The top four single-stock options that traded today were linked to Nvidia.

Shares are currently down about 4% as of 5:00pm ET. If this result were to hold through tomorrow’s session, this would be its worst reaction to a quarterly report since the company unofficially kicked off the AI boom in May 2023.

Even if you owned puts, which would typically benefit from the stock going down, those may not be going down by enough, fast enough for those options to perform well.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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