jeran wittenstein
@jwittenstein
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Covering U.S. technology stocks @business
San Francisco, CA
Joined January 2012
My interview with Bloomberg, AI May Not Up to the Hype, MIT Economist Daron Acemoglu Warns - Bloomberg
bloomberg.com
Daron Acemoglu wants to make clear right away that he has nothing against artificial intelligence. He gets the potential. “I’m not an AI pessimist,” he declares seconds into an interview.
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Fun fact in @jwittenstein & @csreinicke piece on how Nvidia became the best-performing stock in the past 25 years: When Nvidia joined the S&P 500 in 1999 it replaced Enron $NVDA https://t.co/ldwhf9FAAT
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For a sense of how wild this year’s crypto rally has become: MicroStrategy now has a market cap that’s higher than nearly half of SPX firms. MSTR “is essentially a leveraged holding company for Bitcoin,” said @SteveSosnick. Story w/ @jwittenstein
https://t.co/GKXrcvOaAy
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The same handful of megacap names that led the market down have been powering the latest surge. BusinessWeek piece by the amazing @VildanaHajric and @jwittenstein
https://t.co/GI8Y2Tq53P
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Apple's slowing growth and $165 billion cash hoard are again fueling speculation that it should make a big acquisition https://t.co/M6bCLZe3EH via @technology @jwittenstein @RyanVlastelica
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Apple has taken a lot of hits recently. So why are its shares doing better than other tech companies’? @jwittenstein has the scoop https://t.co/vblqUHAUCD via @BW
bloomberg.com
Shareholder payouts help explain why the iPhone maker’s stock is doing better than other tech companies’.
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Had a lot of fun in 2022 editing this daily column about @technology stocks with @RyanVlastelica @Subrat_Patnaik @jwittenstein @Thyagu @JeannyYu @yiqinsh @deyesha @BTLipschultz @divyabalji @catkngai. For the penultimate edition of the year, a look back https://t.co/ZiZzVT9tno
bloomberg.com
Investors will remember 2022 as the year when the narrative around Big Tech finally cracked, ending a years-long stretch of powerful market leadership. Next year offers few signs of relief.
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Stock Market Meltdowns Have FAANGs Looking Increasingly Toothless | @jwittenstein
bloomberg.com
Investors are rethinking a tech-heavy growth strategy that’s served them for the better part of a decade.
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closing the book on megacap earnings by closing 25 tabs of research notes on my browser.
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"The Nasdaq 100 just did something it hasn’t done since the aftermath of the internet bubble: fall more than 1% in every session of a week." @luwangnyc
https://t.co/DvSeVzrYFm
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I'm not going to say the b word, but there's a lot of air coming out of something. Some moves from 52-week highs that caught my eye this week: Roku -68% Block (Square) -58% Shopify -48% PayPal -47% Netflix -42%
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The Covid-19 pandemic isn’t over yet, but the boom it helped create for stay-at-home stocks appears to be vanishing https://t.co/1jNEezJLcT via @markets @NewsyNick @jwittenstein
bloomberg.com
The Covid-19 pandemic isn’t over yet, but the boom it helped create for stay-at-home stocks is vanishing.
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Congratulations Joe!
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SWEETGREEN OPENS 86% ABOVE IPO PRICE IN DEBUT salad as a service
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For those of you keeping score, Apple shares have now fallen on 13 of the 17 days it has unveiled new iPhones after closing down 1% today. https://t.co/TzSAFUHDkH
bloomberg.com
Apple Inc.’s iPhone 13 debut was met with a stock slump on Tuesday, keeping with a tradition of poor share price performance on the day the devices are unveiled.
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8 year old: what is your main job? writing stories about the stock market. 8 year old: that doesn't sound like a very good job.
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Had a great conversation with @jwittenstein @business about $T and the dividend cut associated with the media deal.
bloomberg.com
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Earnings season is shaping up to be a blockbuster one for corporate profits. You would never know it judging from the reaction in the stock market.
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Tech stocks face an uphill battle in commanding the type of devotion they once enjoyed in the market with growth prospects appearing more attractive in other sectors. https://t.co/AL5JdymB7V
bloomberg.com
Bulls are betting a strong earnings season will fuel a rally.
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U.S. tech earnings season has begun. Batting 1.000 after IBM beats estimates for operating profit and revenue.
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