What follows is not mere number-crunching but a dissection of the machinery that might elevate this semiconductor titan to such heights. Let us examine the gears, the levers, and the shadows cast by this prophecy.
First, its Bitcoin hoard is not a piggy bank for idle dreams but a clever contraption tied to its daily business antics. Second, unlike the greedy goblins at Strategy, who shovel cash into Bitcoin like it’s shoveling gold dust, Block performs a delicate Bitcoin ballet-spending 10% of its Bitcoin product earnings to buy more. A dance, not a dash!
Such meteoric rises beg a question that haunts every investor: Could this be the golden goose to retire a millionaire? After all, we’re in the early innings of AI, aren’t we? Surely, brighter days lie ahead for this stock. Or do they?
Meanwhile, the indices of the broader market performed better. The S&P 500 (^GSPC) rose by 0.5%, and the Nasdaq Composite (^IXIC) gained 0.7%. Yet, this contrast-this divergence between Micron and the larger market-holds the quality of a mirrored labyrinth, where the reflections seem to suggest movement, but only serve to obscure the true path.
Today’s market move had me scribbling notes faster than a first-time dieter at a bakery. Eos Energy (NASDAQ:EOSE) surged 8% while I was still sipping my third coffee, thanks to Stifel’s Stephen Gengaro deciding the stock’s “fair value” is now $10. Let’s dissect this like a particularly enthusiastic parrot with a spreadsheet.
Quantum computing, that most elusive of sciences, remains a child in swaddling clothes. But which parent shall raise it with wisdom? IBM, with its coffers brimming (a $2.2 billion quarterly profit, no less!), claims to hold the philosopher’s stone. Yet one must wonder: Is this the dawn of a new epoch, or merely a nobleman’s folly, draped in the finery of “free cash flow” and “technological milestones”?
The week, you see, was not barren of stimuli. Oracle’s AI-guidance had set the stage, a prologue to the Federal Reserve’s timid waltz with interest rates-its first cut since the frostbitten winter of 2023. Lower rates, that sly puppeteer, tugged at the strings of capital costs, emboldening tech titans to lavish fortunes on AI’s infrastructure. And what is an infrastructure but a labyrinth of silicon and spin, where Seagate’s HAMR technology-its platters etched with the precision of a watchmaker’s dream-now reigns supreme in the realm of edge storage? Inferencing, that quieter cousin of training, demands not the roar of supercomputers but the whisper of disks, and thus Seagate’s TBs now multiply like rabbits in a magician’s hat.
The quantum computing stock, that most elusive of creatures, continues its courtship with fortune, fueled by a federal contract won yesterday. A contract, one might say, that smells of ink and ambition.
Chewy had previously reported its earnings on the 10th of September, a Wednesday, as dictated by the calendar, and as is often the case with such affairs, the market responded in its usual fashion. The stock immediately tumbled, as though it were subject to some invisible, bureaucratic directive that penalized it for what was considered an overly cautious forecast. The traders-those humble figures, navigating through the fog of data-interpreted this outlook as a sign of weakness, perhaps misunderstanding, perhaps manufacturing an overreaction. They sold, as one is compelled to do, guided by forces beyond comprehension.
