SPDR S&P 500

Applovin

Conference Minutes

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TCEHY

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The following is a summary of the 3Q25 earnings call minutes for $AppLovin(APP.US) organized by Dolphin Research. For financial report interpretation, please refer to &#34;Without High Growth and Violent Aesthetics, Is Applovin Still Attractive?&#34; 1. Review of Core Financial Information This Quarter: The upgrade of the core gaming business model drove revenue to increase by 68% year-on-year to approximately $1.405 billion; adjusted EBITDA reached $1.158 billion, up 79% year-on-year, with a profit margin of 82%, an increase of 1 percentage point from the previous quarter, mainly due to the leverage effect and the moderate alleviation of foreign exchange fluctuations...

MediaAlpha

TENCENT

S&P 500

VG S&P 500 Grw

Axon Enterprise

TENCENT-R

Tencent Holdings Limited

Tencent

Global Self Storage

Hasbro

Ameriprise Financial

AppLovin

Tencent HK SDR 10to1

Applovin (Minutes): Currently, the week-over-week growth rate of new user spending on the self-service advertising platform has reached 50%

Today’s Key News Recap

DJTWW

TSLA

0311 ｜Dolphin Research focuses on: 🐬 Macro/Industry 1. Last night, U.S. stocks plummeted, with the S&amp;P 500 index falling below the 200-day moving average, marking its first entry into what is referred to as the &#34;danger zone&#34; by the market. This was mainly due to concerns over high inflation and the U.S. economy potentially falling into recession, triggered by tariffs. When asked whether the U.S. would experience a recession this year, Trump did not rule out the possibility, stating that the economy is undergoing a &#34;transition period.&#34; As a result, Hong Kong and A-shares experienced varying degrees of decline this morning, but both rebounded and turned positive by the end of trading. Additionally, today, Trump plans to meet with top business executives...

Trump Media & Tech

Trump Media & Tech - CW28

Tesla

Hong Kong and A-share rebates; New energy Collective Surge ｜Today's important news review

Strategy Report

Hot topic

Trump once again wields the tariff stick, and global assets seem to have entered a risk-off mode, including the Chinese assets that were originally being reassessed, which have also entered a correction mode. Dolphin Research seizes the opportunity to discuss the policy logic of Trump’s current administration. In fact, if you pay attention to the media interviews of the U.S. Treasury Bessent during this period, Trump's fiscal policies are quite understandable: 1. Core belief: The allocation efficiency of the private sector is higher than that of the government sector. 2. Policy objectives: Reduce national debt (the core is interest payment costs), lower inflation, and bring manufacturing back...

Invesco QQQ Trust

How to interpret Trump's tariff stick this year?

.IXIC

STECH

00HSI

Countdown to the U.S. election, the answer will be revealed on the 6th if there are no abnormalities, while the Federal Reserve's interest rate meeting will be held on the 7th. The National People's Congress Standing Committee meeting will conclude at 8 AM Beijing time. The earnings season for U.S. stocks has just passed its peak, and this week is packed with macro events. Where exactly is the market trading now, and how should we view the future? This article aims to outline the current situation from the perspective of considering responses to different scenarios, rather than making predictions. The first question is to take a look at market trading: 1. U.S. economic data is &#34;slightly cool.&#34; Last week, in addition to the earnings reports from the giants...

NASDAQ Composite Index

Hang Seng TECH Index

Hang Seng Index

Will the AI infrastructure frenzy backfire, and is the Trump trade coming to an end?

TQQQ

WEBL

.DJI

As the first interest rate cut by the U.S. dollar entering the post-pandemic era of rate cuts, this rate cut can be described as both &#34;big&#34; and &#34;hawkish.&#34;The &#34;big&#34; lies in the fact that the first rate cut directly slashed 50 basis points, which was indeed unexpected compared to market expectations; the &#34;hawkish&#34; aspect was conveyed during the conference call and the dot plot, indicating that this 50-basis-point cut should not be linearly extrapolated, and future decisions will still be data-driven. This 50-basis-point cut was merely to demonstrate the Federal Reserve's determination to protect the economy.An interesting point was when several reporters repeatedly asked Powell whether this was a &#34;catch-up&#34; rate cut. Powell emphasized that, given the relatively good data on inflation and consumption, the large rate cut was more focused on being a forward-looking move. However, he also admitted that if the July employment data had been known earlier, a rate cut might indeed have been implemented at the previous meeting on July 31.From Dolphin Research's perspective, this illustrates two points:a. Among the various economic data, the current unemployment rate and new employment figures are the real core data, as subsequent CPI and PPI reports did not raise any red flags for the Federal Reserve.b. The dot plot released by the Federal Reserve to some extent only reflects the Fed's wishes and guides the market to trade on these wishes, but it does not mean this path will necessarily materialize.From the revisions in this economic forecast, it can be seen that among the root variables of the economy, the most significantly revised was the unemployment rate. The 大幅下修的政策利率预期 is merely a result of this root variable.Therefore, in the coming period, a key tracking point for the expected rate cut 幅度 will be the labor market: What is the labor participation rate? How much has labor supply increased? How much has job demand decreased? How much has the unemployment rate increased, and is it within the &#34;controllable&#34; range below 4.5%?Especially given the 惯性下修 in 每次新增非农就业， it’s prudent to build in some 保险 upfront. Based on the downward adjustments over the past few months, some decline should already be factored in. At least, this is how Powell indicated the Federal Reserve would approach the data.Furthermore, Dolphin Research is not overly concerned about this hawkish rate cut path guidance. The key still lies in the employment data, particularly if the weakening is primarily due to an oversupply from increased immigrant inflows rather than a decline in corporate job demand. In that case, the economy may not be as weak as feared.

Proshares UltraPro QQQ

iShares barclays 20+ Yr Treasury Bd

Direxion 20+Yr Trsry Bull 3X

Direxion Daily Dow Jones Internet Bull 3X Shares ETF

Dow Jones Industrial Average

As a key indicator for next week's interest rate cut, last night's August core CPI data basically confirmed that the first rate cut will only be 25 basis points.Structurally, overall inflation increased by 0.2% month-on-month, which is perfectly controllable. However, core inflation rose from 0.2% to 0.3% month-on-month. First, it indicates that the overall inflation can operate within expectations mainly due to the drop in energy prices.Secondly, the most critical acceleration in core inflation month-on-month growth is mainly because residential costs rose sharply again to 0.5% month-on-month. The sharp increase in residential costs is mainly due to the rise in the high-weighted owner's equivalent rent.Owner's equivalent rent can basically be understood as homeowners' expected rental return on their own properties. This figure also rose during the last interest rate cut expectation at the end of last year and the beginning of this year.What does this mean? People will price their asset returns in advance based on the expectation of a rate cut. In other words, once the expectation arises, even before the actual rate cut, it will produce some effect of a rate cut. In this case, an actual rate cut of 25 basis points may have an effect greater than 25 basis points.Even to avoid a repeat of the inflation resurgence expectation at the beginning of the year, the Fed's rate cut on September 18 is most likely to be 25 basis points.Therefore, the focus of next week's FOMC meeting is no longer how many basis points the rate cut will be, but the guidance on the future path and any wording that may further lean toward protecting employment under a 25-basis-point rate cut.In this context, considering that the market was still speculating and pricing in the possibility of a 50-basis-point rate cut, this possibility is now basically gone. Bond prices may need to give back some gains for $iShares barclays 20+ Yr Treasury Bd(TLT.US) $Direxion 20+Yr Trsry Bull 3X(TMF.US).Overall, with low inflation risks, interest-rate-sensitive sectors reacted sensitively after the expectation of lower interest rates emerged, indicating a high possibility of a soft landing for the economy, which is actually favorable for equity assets. $S&amp;P 500(.SPX.US) $SPDR S&amp;P 500(SPY.US)

Microsoft plans to launch its largest data center in India in mid-2026

Tesla makes key announcements regarding future strategy at its Annual Shareholder Meeting

Leaked app beta versions suggest Google is set to launch an agentic AI tool named 'Gemini Spark'

Apple faces June 1st compliance deadline for the EU's Digital Markets Act.

Apple Unveils AI-Driven New Accessibility Features, Announces Wheelchair Control and Generative Subtitles Coming Later This Year

Ethics Filing Shows Trump Increased Apple Stake in Q1 2026

Google and Blackstone Launch New AI Cloud Co. with $5B Investment, Sending Rivals Down Nearly 4%

World Investment Advisors Increases Broadcom Stake by 16.1% Amid Insider Selling

Microsoft Confirms It Will Allow Users to Remap the Copilot Key in Windows 11

Analysts Claim Apple's Chip Deal with Intel Won't Threaten TSMC's Core Position

Microsoft Leverages AI and Cloud to Support Smallholder Farmer Financing in Africa

Huiyiwei Software and Amazon Web Services Announce Multi-Year Strategic Partnership

IBM, NVIDIA, and Samsung demonstrate storage 'black technology' supporting a 100-billion-scale vector database

Far EasTone signs agreement with Amazon to become an authorized reseller of its LEO satellite service in Taiwan

Foxconn to produce Nvidia's high-end SXM GPU modules in Vietnam

HSBC raises Nvidia target price from $295 to $325

Amazon to Host New Seller Summit in Anaheim, California

macOS 27 Rumored to Drop Support for Last Remaining Intel Mac Models

Beirne Wealth Consulting Services LLC Sells Shares of Amazon.com, Inc.

Google Shifts Gemini Usage Limits to Compute-Based Quotas

Amesite

InMed Pharmaceuticals

Meiwu Tech

Co-Diagnostics

Phoenix Asia

Generation Income Properties

MetaVia

Rubico

BAYVIEW ACQUISITION CORPORATION COM USD0.0001 (S/R) 17/11/2028

Virax Biolabs

GOOGL

GOOG

CLOU

DTCR

Blackstone Inc. (NYSE:BX) stock rose 0.82% in premarket trading following the announcement of a $5 billion joint venture with Google focused on AI infrastructure. The new company will utilize Google Cloud's TPUs to provide cloud computing services. Despite a bearish trend, Blackstone aims to meet rising demand for accelerated computing. The stock has declined 19.53% over the past year, with key resistance at $117.66 and support at $101.73. Analysts maintain a Buy rating with an average price target of $146.92.

- Blackstone Inc. announced a joint venture with Google to create an AI-focused cloud infrastructure company, committing $5 billion to the effort.  
- The new entity will leverage Google Cloud’s TPUs to meet increasing demand for AI computing, with plans to launch in 2027.  
- Despite this positive development, Blackstone’s stock has declined 19.53% over the past year, indicating broader market challenges.

benzinga_article

Blackstone

Alphabet

Alphabet - C

Global X Cloud Computing ETF

Global X Data Center & Dgtl Infrs ETF

What's Going On With Blackstone Stock Tuesday?

NVDA

SOXS

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US stock index futures fell, led by weakness in semiconductor shares, raising concerns over inflation and corporate earnings. Dow futures dropped 65 points, with technology stocks under pressure. Oil prices eased but remained high amid Middle East tensions. Treasury yields pulled back after a recent rise. Investors are awaiting Nvidia's earnings and the Federal Reserve's minutes for insights on economic conditions.

- US stock index futures declined due to weakness in semiconductor shares and concerns over inflation, elevated bond yields, and corporate earnings outlook.  
- The S&P 500 futures fell 0.23%, while Nasdaq 100 contracts decreased by 0.46%, reflecting pressure on technology stocks.  
- Market sentiment remains fragile ahead of upcoming earnings reports from Nvidia and Walmart, along with the Federal Reserve's minutes, amid ongoing geopolitical tensions.

Invezz

NVIDIA

Direxion Semicon Bear 3X

T-Rex 2X Long NVIDIA Daily Target ETF

Direxion Daily NVDA Bull 2X Shares

Direxion Daily NVDA Bear 1X ETF

AXS 1.5X NVDA Bear Daily ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

YieldMax NVDA Option Income Strategy ETF

GraniteShares 2x Long NVDA Daily ETF

VanEck Semiconductor ETF

iShares Semiconductor ETF

Walmart

NASDAQ-100

Micron Tech

Seagate Tech

Western Digital

NVIDIA Corporation

Western Digital - WI

Dow futures slip 65 points: 5 things to know before markets open

GGLL

Direxion's Mo Sparks claims Google is leading in AI monetization through its TPU, cloud, and search strategies, outperforming rivals like Amazon and Meta. Sparks highlights Google's holistic approach to AI, allowing it to adapt quickly to market demands. He notes that the expanding TPU business indicates a broader AI infrastructure market, suggesting significant growth potential beyond Nvidia. The key takeaway for investors is that success in the AI race hinges on effective monetization across the entire AI stack.

- Alphabet Inc. is positioned as a leader in monetizing artificial intelligence compared to other hyperscalers, according to Mo Sparks from Direxion.  
- Sparks highlights Google's effective monetization across various sectors, such as chips and cloud services, which allows for unique market flexibility.  
- He suggests that the competition in the AI race is shifting towards the ability to monetize the full AI stack rather than merely developing superior hardware.

Direxion Daily GOOGL Bull 2X Shares

Amazon

Meta Platforms

EXCLUSIVE: Google's AI Monetization Strategy May Be Leaving Rivals Behind, Says Direxion

Corning's Q1 2026 results highlight the growing importance of optical connectivity in AI infrastructure, with strong demand for optical fiber and a partnership with Nvidia. The company's stock has surged over 270% in the past year, reflecting its critical role in the AI ecosystem. Despite its high valuation, the bullish long-term outlook suggests that pullbacks may present selective buying opportunities.

- Corning Incorporated's Q1 2026 results highlight the growing significance of optical connectivity in the AI infrastructure alongside compute power.  
- The company has established strong partnerships, including with Nvidia, indicating its vital role in the AI ecosystem and the increasing demand for optical fiber.  
- While Corning's stock has risen over 270% recently, its high valuation prompts cautious investment, viewing any pullbacks as potential buying opportunities.

Tip Ranks

Corning

Who Knew Glass Was So Important to AI? Corning's (GLW) Q1 Report Made It Clear

FTXL

SOXQ

Polymarket traders are bearish on the S&P 500 following a tech selloff, with a 40% chance of an upward opening on Tuesday. The index fell 0.07% to 7,403.05 on Monday, pressured by AI-related stocks after Seagate's CEO warned of supply constraints. Despite this, Wall Street remains near record highs, supported by strong earnings and easing geopolitical tensions after Trump canceled a planned attack on Iran. S&P 500 futures are down 0.23% in early trading.

- The S&P 500 declined 0.07% to 7,403.05 on Monday due to weakness in artificial intelligence-linked technology stocks.  
- Polymarket indicated a 40% chance of the index opening higher on Tuesday, amid concerns over supply constraints and geopolitical developments following President Trump's recent comments on Iran.  
- Despite the pullback, the market remains close to record levels, with investors focusing on earnings reports and home sales data before the next trading session.

SPDR S&P Semicon

VG S&P 500

iShares Core S&P 500

First Trust Nasdaq Food & Semicon

Spdr Select Tech

Invesco PHLX Semiconductor ETF

JPMorgan Chase

Home Depot

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Stock Market: Will S&P 500 Open Up Or Down Today?

DELL

At Dell Technologies World, NVIDIA CEO Jensen Huang highlighted a surge in AI demand, stating it is 'going parabolic.' With 5,000 enterprises utilizing Dell AI Factories powered by NVIDIA, the global AI infrastructure spending could reach $3-4 trillion by 2030. New products like the Dell PowerEdge XE9812, built on NVIDIA Vera Rubin NVL72, promise significant cost and performance improvements for AI workloads. Dell and NVIDIA's collaboration aims to enhance enterprise AI capabilities, moving beyond pilot projects to large-scale deployments.

- Dell Technologies is revolutionizing AI infrastructure with the introduction of NVIDIA Vera Rubin NVL72, offering significantly lower costs and faster processing for enterprise AI workloads.  
- The Dell AI Factory, now supporting advanced computing systems such as PowerEdge XE9812, enables enterprises to deploy agentic AI efficiently while maintaining data security and performance.  
- Key companies like Lilly, Samsung, and Honeywell showcase the impact of this technology in various sectors, underscoring the shift towards scalable, on-premises AI solutions.

NVIDIA Blog

Dell Tech

Invesco Semiconductors ETF

Direxion Semicon Bull 3X

GraniteShares 2x Long DELL Daily ETF

Eli Lilly

Samsung Electronics 

Honeywell

Samsung Electronics Co., Ltd. Sponsored GDR

Honeywell International - WI

NVIDIA CEO Jensen Huang at Dell Technologies World: “Demand Is Going Parabolic, Utterly Parabolic”

Midwest Trust Co increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.7%, acquiring an additional 9,774 shares, bringing its total to 367,573 shares valued at $115.34 million. This makes Alphabet 10th in its portfolio. Other hedge funds also adjusted their positions in GOOG, reflecting mixed investor sentiment amid recent positive developments in AI and earnings performance.

- Midwest Trust Co increased its stake in Alphabet Inc. by 2.7%, owning 367,573 shares worth $115.34 million.  
- Several hedge funds, including Tradewinds LLC and Atlantic Union Bankshares Corp, also raised their positions in Alphabet during the third and fourth quarters.  
- Alphabet's recent earnings report surpassed expectations, with a quarterly revenue increase of 21.8%, further reinforcing investor confidence amid mixed sentiments from various hedge funds.

Market Beat

Berkshire Hathaway

Berkshire Hathaway B

Atlantic Union Bankshares

Bank of America

Pershing Square

ATLANTIC UNION BANKSHARES CORP 6.875% DEP SH RP 1/400 NON CU PR PF SR A

Atlantic Union Bankshares Corporation

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Midwest Trust Co Buys 9,774 Shares of Alphabet Inc. $GOOG