Keep pulling the thread on S&P 500.
US inflation in April rose 3.8% year-over-year, the highest reading in three years and higher than economists' expectations.
Energy prices accounted for 40% of the month-over-month increase in US inflation in April and were up 18% from a year earlier.
US core inflation, which excludes food and energy prices, climbed 2.8% year-over-year in April.
The conflict between the United States and Iran has resulted in the closure of the Strait of Hormuz.
The US President stated that preventing Iran from obtaining a nuclear weapon is the only factor in his decision-making, not the American financial situation.
S&P 500 semiconductor companies added nearly $4 trillion in market capitalization over the past six weeks.
An index of semiconductor companies is up 65% year-to-date as of Monday.
The SOX index, a broad index of semiconductor stocks, was up 66% year-to-date as of the previous Friday.
Stacey Rascon asserts that the entire year-to-date growth in semiconductor stocks is attributable to growth in earnings estimates, not multiple expansion.
Stacey Rascon estimates that AI-related capital expenditures from hyperscale companies are approaching nearly $1 trillion for the current year.
Anthropic's annualized revenue run rate has grown from $9 billion in December to approximately $45 billion as of its most recent announcement.
At companies like Amazon and Meta, the use of AI leaderboards has led to a behavior called 'token maxing,' where employees use AI for meaningless tasks to increase their measured usage and improve their ranking.