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Wall Street Week Ahead: Investors see Micron earnings as pulse check of AI rally momentum
“There’s been a lot of momentum here recently,” said Andy Pratt, director of investment strategy at Burney Company. “This AI trend is something that’s continued, and honestly, what we see with this revenue surprise signal that we monitor is there’s still a lot of juice.” Apple has agreed to partner with Intel to design and manufacture chips in the U.S., which could significantly boost the chipmaker’s turnaround efforts. That helped to lift the S&P 500 nearly 1% so far this week, on pace for a second weekly gain. Meanwhile, the Philadelphia SE Semiconductor index hit a record high and was last up 7% for the week.
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The stakes are high. Micron’s earnings come at a time when valuations are elevated and investors are questioning whether the rally is overextended. Any indication of underlying demand and continued AI-related spending strength could give investors confidence to keep stoking the rally. Micron’s earnings are “setting up as a classic positive feedback loop,” said Steve Kolano, chief investment officer at Integrated Partners. “That really seems to be kind of the only game in town. … If you look at the book to bill of semiconductor companies right now and the backlog, the demand is just through the roof in relation to chip capacity.” Big Tech has signaled that AI spending is not slowing, set to rise past $700 billion this year from $400 billion in 2025.
MACRO BACKDROP STILL LOOMS Although the AI narrative has dominated markets, underlying macroeconomic concerns remain. The Federal Reserve’s preferred inflation measure is due next week. So, too, is a final reading on first-quarter GDP. Both reports will provide checks on the health of the U.S. consumer and economic growth. Second-quarter earnings growth for the S&P 500 is estimated at 22.9%, down from 29.3% in the first quarter, according to data provided by Tajinder Dhillon, head of earnings research at LSEG. Drew Matus, chief market strategist at MetLife Investment Management, said strong equity markets have been one of the main supports for consumers, and anything that challenges the AI trade or the continued rise in stocks is being closely watched.
“It has not just been market effects but macroeconomic effects at this point,” he said. “We’re definitely worried about the wealth effect going away and what that might mean.” For now, the consensus is that the AI trade remains intact, with little sign of slowing. Newly public SpaceX has reinforced that momentum, and Nasdaq’s inclusion of more AI and chip infrastructure names like Astera Labs and CoreWeave will force index funds to buy in.
“The way I would view this is,” said Burney’s Pratt, “you could continue betting on these companies kind of until proven otherwise.”
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SET has launched “wiset,” Thailand’s first all-in-one investor app, consolidating multi-asset holdings and services in one platform to enhance investment experiences for users. Available on App Store and Google Play.
- SET has launched “wiset,” Thailand’s first all-in-one investor app, under the concept “Making Your Investing Extraordinary,” unifying investment data and services into a single, seamless application.
- “wiset” introduces a first-of-its-kind feature in Thailand, enabling investors to automatically view consolidated multi-asset holdings across equities, bonds, and tax-saving funds.
The Stock Exchange of Thailand (SET) has launched “wiset,” a new digital platform designed to streamline the investment experience. Under the concept “Making Your Investing Extraordinary,” the app consolidates vital investment data and services into a single application for Thai investors.
SET President Asadej Kongsiri said: “While investors today have access to a wealth of information, much of it remains fragmented, making it difficult to capture a truly holistic view of their wealth. “wiset” was developed as a unified solution to bridge this gap, bringing together multi-asset portfolio data, shareholder services, and SET’s insights. This empowers investors to make sharper, more timely decisions.
The platform perfectly aligns with SET’s vision of becoming ‘The Trusted Gateway to Inclusive Opportunities’ by delivering seamless market infrastructure, a trusted marketplace, and empowering market participants.”
Among the key features of “wiset” designed to elevate the investment experience is Thailand’s first ‘One-Stop Portfolio Consolidation,’ where investors can now automatically view consolidated holdings across equities, bonds, and tax-saving funds in a single dashboard.
Integrated with TSD e-Service, the app allows shareholders to seamlessly check their shareholdings, request dividend tax credit certificates, and receive instant dividend notifications.
In addition, users can stay ahead of the market with real-time news, statistics, and critical alerts. The app also delivers curated, personalized financial content, including livestreams, corporate earnings calls, videos, articles, and SET e-Learning courses tailored to individual interests.
“wiset” is now available for download on both the App Store and Google Play. For more information, please visit www.set.or.th/wisetapp or contact the SET Contact Center at +66 (0) 2009 9999.
Source : SET launches “wiset” — Thailand’s first all-in-one investor app
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Claude Guillemot, the co-founder of French video game giant Ubisoft, died Friday in a plane crash in La Baule, the company confirmed to Reuters.
Guillemot, 69, was one of two people aboard a twin-engine Cessna 421 plane, both of whom died in the wreck, according to a report from local newspaper Ouest-France.
The French Atlantic coast town had a planned air show over the weekend, according to the outlet.
Claude Guillemot, co-founder of Ubisoft SA and chief executive officer of Guillemot Corp., at the Guillemot office in Rennes, France, Jan. 25, 2023. (Nathan Laine/Bloomberg via Getty Images, File / Getty Images)
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In a statement provided to Reuters on Saturday, Ubisoft said it was “deeply saddened to learn of the death of Claude Guillemot, co-founder of the group and chairman of Guillemot Corp.”
According to Ubisoft’s website, Guillemot, along with his four other brothers, founded Ubisoft in 1986.
Guillemot worked behind the scenes and played a pivotal role in advancing the original mail-order software business, Reuters reported.
Claude Guillemot was the co-founder of French video game giant Ubisoft. (Riccardo Milani/Hans Lucas/AFP via Getty Images, File / Getty Images)
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One of Guillemot’s brothers, Yves, currently serves as CEO of the gaming powerhouse.
Under Yves’ ongoing leadership of more than 30 years, the brothers’ early strategy of nurturing in-house talent and developing original brands has driven the company’s success amid tech disruptions and industry transformations, according to Ubisoft’s website.
Claude Guillemot, co-founder of Ubisoft SA and chief executive officer of Guillemot Corp., died in a plane crash Saturday. (Nathan Laine/Bloomberg via Getty Images, File / Getty Images)
“Our thoughts are with his family and loved ones during this difficult time,” the company told Reuters.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UBSFY | UBISOFT ENTERTAINMENT SA | 1.12 | +0.01 | +0.90% |
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Ubisoft did not immediately respond to FOX Business’ request for comment.
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