GOOD MORNING

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you the top 3 events that you need to know today:

Market Performance (1 year)

1. Dow - 21.87%

2. S&P 500 - 30.74%

3. Nasdaq - 31.89%

4. Bitcoin - 118.99%

Today (Here’s 3 things you need to know)  

1. Oracle crashes 7% on earnings miss

1 Year Performance (ORCL): +52.72%

Oracle stock fell over 7% Tuesday after its fiscal Q2 2024 earnings narrowly missed estimates, with adjusted EPS of $1.47 on $14.06 billion in revenue, below Wall Street's $1.48 EPS and $14.12 billion forecasts.

Despite the dip, analysts remain optimistic due to Oracle Cloud Infrastructure's (OCI) strong 52% revenue growth, driven by surging AI demand. OCI has attracted major AI customers, including Meta Platforms, which will use Oracle's Gen2 AI Infrastructure and collaborate on AI development.

Analysts see long-term benefits from AI and cloud tailwinds but note challenges with scaling capital expenditures to meet demand.

The stock, up nearly 70% YTD, faces short-term pressure after breaking key support levels but retains strong growth potential, according to analysts.

2. C3 AI Partners with Microsoft and Stock Soars

1 Year Performance (AI): +57.41%

C3.ai just hit the jackpot with a 5.5-year power play alongside Microsoft (MSFT), and Morgan Stanley is buzzing.

Now crowned a preferred AI app on Azure, C3.ai’s enterprise tools are front and center on the Azure portal and Marketplace—giving customers an easy way to spend their Azure budgets on C3.ai’s tech. Sweetening the deal, Microsoft is footing the bill for pilots and deployments, making this partnership a major revenue booster.

Morgan Stanley thinks this cloudy alliance could overshadow lingering worries about Baker Hughes (BKR), whose deal with C3.ai ends in June 2025. Good news? C3.ai’s reliance on Baker Hughes has dropped like a bad stock.

Still, Morgan Stanley is playing it cool, boosting the price target to $32 but sticking with an underweight rating. The market, meanwhile, gave a shrug—shares dipped 2.1%. For C3.ai, it’s a strategic win, even if Wall Street’s applause is a bit muted.

3. Taiwan Semiconductor Booming

1 Year Performance (TSM): +89.39%

TSMC (Taiwan Semiconductor Manufacturing Co) reported a 34% year-over-year sales increase in November 2024, driven by continued booming demand for AI-related advanced microchips.

The world's largest contract chipmaker earned NT$ 276.06 billion ($8.49 billion) for the month, pushing its 2024 year-to-date revenue to NT$ 2.62 trillion, a 31.8% jump over the same period in 2023.

As a key supplier to Apple, Nvidia, and other tech giants, TSMC has benefited from the surge in AI technologies like ChatGPT. However, despite its stellar yearly performance, November sales dipped 12.2% compared to October, raising investor concerns about potential softening demand if tech companies pull back on AI infrastructure investments.

Shares fell 1% Tuesday, though the stock remains up 80% in 2024. Analysts expect TSMC to deliver NT$ 848.87 billion in Q4 revenue, meaning the company needs to pull off NT$ 258.57 billion in December to hit the target. Big growth, but December’s the decider.

Market Memes Of The Day

Thank you for your time!

I’m sure you get hundreds of emails a day so I thank you for taking the time to read ours. Please follow us on our social media channels below where we post other new and different content related to investing, personal finance, and trading. 

Stay tuned for our next release at 8:15 am EST (Monday - Saturday).