MRKT MATRIX: December 11, 2024

Today’s Top Stories:

• Nasdaq rallies above 20,000 for the first time as tech shares gain (CNBC)

• Bull market to continue for a third year with small caps leading the way, Piper Sandler says (CNBC)

• Investor optimism toward U.S. stocks has eclipsed 2000’s dot-com bubble. That raises the risk of a ‘negative’ shock. (MarketWatch)

• US stocks rally set to slow as investor ‘euphoria’ fades, say big banks (Financial Times)

• Early Adopters Are Ditching Google Search for AI Chatbots (Bloomberg)

• Google’s biggest bet is AI for search, investment chief says (Reuters)

• Apple launches its ChatGPT integration with Siri (CNBC)

• Apple Is Working on AI Chip with Broadcom (The Information)

• How Years of Reddit Posts Have Made the Company an AI Darling (WSJ)

• China Set to Start Annual Economic Meeting to Discuss Stimulus (Bloomberg)

• China Markets Flag Caution, Reduced Hope for Key Policy Meeting (Bloomberg)

Today’s MRKT Call is Presented by SoFi

SoFi’s Liz Young Thomas Gives Top Sector Picks for 2025

Dan Nathan, Guy Adami and Liz Young Thomas break down the top market headlines and bring you stock market trade ideas for Wednesday, December 11th.

Timecodes

• 0:00 - Stocks Melt Up

• 12:00 - Tech In Focus

• 20:00 - Fed Talk

• 24:00 - Earnings Insight

• 30:30 - Liz's Outlook Preview

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Today’s Okay, Computer. is Presented by RBC and Current

What the Sigma: Disrupting Data Analytics with Mike Palmer

Dan is joined by Mike Palmer, CEO of Sigma Computing. They discuss a variety of topics including their personal connection, the evolution of tech and its macroeconomic implications, and insights from a tech CEO dinner at RBC's TMT conference. Palmer shares his journey from education to tech, the transformations at Sigma, the impact of the pandemic on business strategy, the role of data in financial services, and perspectives on the future of AI and enterprise software. They also highlight the significance of a mentorship culture in business and the current state and future expectations of tech IPOs and valuations.

Further Reading

• Cloud analytics firm Sigma valued at $1.5 bln in new funding round (Yahoo Finance)

• Hakkoda Partnership (LinkedIn)

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