S&P Earnings +27.7% Beats Fuel AI Rally Amid Capex & Hormuz Risks
Key Questions
What were the key earnings highlights for the quarter?
Q1 earnings showed an 84% beat rate with 27.7% growth. This performance helped fuel the ongoing AI rally despite some capex concerns.
How has SpaceX performed in recent trading?
SpaceX shares jumped more than 14% in a day, pushing its valuation near $3 trillion and overtaking Amazon and Microsoft. The surge has slowed after rising 49% in four days.
Which stocks moved notably on company-specific news?
Rackspace surged on an AMD deal while Netflix dropped after losing Roku to Fox. Moderna rose on positive flu vaccine developments, but Oracle missed on capex worries.
Q1 earnings beat rate 84%, growth 27.7%. SpaceX IPO continues to surge (up 49% in four days, nearing $3T valuation) but pace slowing. Rackspace Technology surged on AMD deal. Netflix dropped on losing Roku to Fox. Moderna rose on flu vaccine catalyst. Semis at 1999 valuation levels raising dot-com bubble fears (Dan Nathan, Carter Worth). AI trade broadening but selective. Oracle earnings miss on capex concerns added tech pressure. SMCI $7B dilution caused 30% collapse. No new earnings catalysts today.