Zero Wall Street

“You’re starting to see evidence that banks are among the greatest beneficiaries of the tech and AI revolution.” Mike Mayo Analyst, Wells Fargo US bank stocks are outperforming this year as investors move money into companies funding the AI buildout.

Berkshire Hathaway sharply increased its stake in Alphabet in the second quarter, vaulting the Google into its three biggest stock holdings. Berkshire now owns about 106 million Alphabet shares worth about $36.8 billion as of now 🔥

The US sold $25 billion of 30-year bonds yesterday at 5.216%, the highest interest rate in a quarter century

An IPO bubble is forming. OpenAI is on track for annualized revenue of more than $40 billion, roughly double its 2025 rate, as it prepares for an IPO.

According to Bloomberg, the S&P 500 is trading in line with its five-year average. Even a return to its six-month, pre-Iran-war average of 22.3 signals a roughly 11% gain to around 8,600, assuming earnings forecasts stay unchanged.

Profits are growing at a pace rarely seen this far into an economic expansion. Outside of post-recession rebounds, they haven’t grown this quickly since at least 1998. Driven largely by the AI boom, US earnings beat expectations by 29%—the biggest surprise in at least two years.

I think we're in trouble. More than a quarter of Gen Z investors view sports gambling as part of their long-term financial strategy, according to a survey. That compares to 14% of Millennials and 6% of Gen X.

$9.6 billion The amount lost by individual Indian investors trading equity options and futures in the year through March. This marks the fifth consecutive year they have lost money, serving as a stark reminder that retail investors should focus on long-term investing rather than short-term trading.

Google's Gemini AI app has passed 1 billion monthly active users. Still think Google isn't a solid investment?

Cloud computing firm CoreWeave soared 17% in premarket trading as revenue more than doubled.

It turns out AI is more profitable than mining Bitcoin. Anthropic struck a $9.1 billion deal to secure computing power from Riot Platforms, a Bitcoin miner that recently began selling AI data center capacity.

Again, the AI economy needs cash, cash, and more cash. Nvidia is lining up $500 billion in financing for AI infrastructure, arranged by firms including Apollo, Blackstone, and BlackRock.

The AI economy needs a lot of cash. Intel raised $20 billion in a share sale, a third more than it was targeting when it announced the deal yesterday.

Stocks were little changed and government bonds edged lower as a rally in oil prices reignited inflation concerns a day ahead of the release of US consumer price data.

I am glad retail investors didn’t jump into the bubble ☺️

Greg Abel is on track to deploy Berkshire’s massive cash reserves, having already invested $35 billion.

Taiwan Semiconductor reported a 45% rise in monthly sales, a sign of sustained demand for AI hardware. AI Economy is booming 🔥

JPMorgan Chase strategists raised their forecast for the S&P 500 for a second time in two months, citing strong earnings and the payoff from massive AI spending - Bloomberg

Bad news for September rate cut expectations. Based on US labor statistics, payrolls fell by 23,000 in July, versus expectations of an 83,000 gain.

Somehow, the new generation of investors, especially retail investors, doesn’t seem to like Oracle. I think the main issue is that it rarely appears in the media, and Generation Z investors tend to invest based on media presence. Oracle is down about -60% of its all time high.