Heard on the Street
@WSJheard
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The first word on what Wall Street is talking about.
New York, NY
Joined April 2009
With its customized chip business, Broadcom is making an even bigger bet on OpenAI than Nvidia or AMD. Don't assume it will go perfectly. https://t.co/62G5tnTrcY
wsj.com
Broadcom is hitching its future to Sam Altman’s vision.
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Silver is up 49% since I wrote this in April https://t.co/Vczprnl0Vi
wsj.com
History suggests silver could follow gold’s rise.
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The stars have aligned for a biotech rally, says Heard on the Street's @david_wainer
https://t.co/tEasZECQ2K
wsj.com
After years on the sidelines while investors piled into the next big thing in AI or crypto, biotech is back in focus.
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The next hot metal: Aluminum https://t.co/ajVdW0zssR
wsj.com
Demand is set to be boosted by electrification, while supply is constrained by rising power needs.
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AMD will have to hit ambitious targets, both technologicial and financial, to capture the full benefit of their deal with OpenAI https://t.co/rMaNocofgd
wsj.com
AMD will have to hit ambitious targets to capture the deal’s full potential.
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Dubious penny stock listings have soared, including a Malaysian shrimp-farm maintenance company with four employees, and a Hong Kong interior design company that suddenly switched to AI. https://t.co/9m2GELBzJK
wsj.com
Such listings surged starting last year. Now Nasdaq says it wants to tighten its standards.
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Opendoor has become a meme stock, rising 15-fold. Just one problem: Its business model doesn't make money. https://t.co/7ntHkBdQv7
wsj.com
The loss-making house flipper has become a meme stock.
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Regional banks have fallen way behind national giants. But now could be their time to shine: https://t.co/nMQCOnV7qJ
wsj.com
Smaller banks are finally poised to get a break.
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Gold is up 48% this year, trouncing stocks and hitting all-time highs amid the shutdown. Here's the case for it going forward: https://t.co/0sXaDv5jAx
wsj.com
📉 This is an online version of my Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧 Government shutdowns aren’t good for much beyond...
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Three years in, growing levels of debt in AI are making comparisons to the internet bubble ring a little truer. https://t.co/uD9E4WUNCr
wsj.com
For aspiring artificial-intelligence competitors such as Oracle, much rides on debt and hope.
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Utility bills are getting expensive and catching the attention of politicians. That's bad news for utility investors. https://t.co/BEYY27l1OO
wsj.com
Utility bills are catching the attention of politicians. That should concern utility investors.
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Nvidia has one of them good problems: Too much money https://t.co/m2OFTPJJI3
wsj.com
Its growing cash pile has to be put to work somehow, and M&A looks off the table.
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Pfizer trades at less than 8x forward earnings. All of a sudden it looks like a bargain entryway into the obesity-drug bonanza. https://t.co/JSTyokIhfE
wsj.com
Pfizer’s latest deal could make it the budget entry point to the weight-loss bonanza.
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Pepsi's market cap is around two-thirds that of Coca-Cola, despite having double the revenue. What went wrong? Coca-Cola's leaner model with outsourced bottling and distribution lets it focus on what matter most: Brand and marketing. https://t.co/g8SVlIK9lI
wsj.com
Coke shed bottling and poured money into marketing. Unless Pepsi slims down, the gap between the two will continue to widen.
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Oracle - a 48-year-old software giant - will more than double in size over the next three years if it's latest AI-driven projections hold. That will make Oracle the next $1 trillion company - with a lot to live up to. For @WSJheard -
wsj.com
The software giant is expected to double its revenue in three years, but its future now fully hinges on the AI splurge.
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Oracle's stock has doubled this year. Its fate now hinges on the great AI splurge https://t.co/WT5e0gerss
wsj.com
The software giant is expected to double its revenue in three years, but its future now fully hinges on the AI splurge.
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Nvidia's growth faces practical limits, from supply-chain snarls to electricity shortages. Heard on the Street's @asafitch says the glory days of huge earnings beats are over. https://t.co/f5kryVfDFy
wsj.com
The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
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Gavin Newsom Has an $18 Billion Plan to Shore Up California’s Utilities. It Isn’t Enough. - WSJ | My latest @WSJ @WSJheard $EIX $PCG
wsj.com
PG&E and Edison need a durable wildfire backstop to be safe again for utility-stock investors.
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The best investment in the luxury goods industry over the past five years wasn’t one of the usual suspects such as Hermès. Instead, Coach-owner Tapestry is the surprise leader, with Ralph Lauren a runner-up. https://t.co/cfdeTYOIBE
wsj.com
High-end U.S. fashion houses are outperforming in shops and in the stock market.
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Sam Altman says "software on demand is going to be one of the defining characteristics of the GPT-5 era." Not so fast, says Heard on the Street's @djtgallagher
https://t.co/ZZFa52r1Kk
wsj.com
AI tools are changing the game for software development, but killing a $1.2 trillion industry will be a stretch.
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