MRKT MATRIX: October 16, 2024

Today’s Top Stories:

• Dow climbs 300 points to another record close on Wednesday (CNBC)

• Nvidia Will Dominate Big Tech’s Earnings Season Again (WSJ)

• ASML’s Plunge Shows the Diverging Fortunes of Chipmakers From AI (Bloomberg)

• Citi upgrades Cisco Systems, says Wall Street is underestimating AI tailwinds (CNBC)

• US Mortgage Rates Climb to 6.52%, Highest Since Early August (Bloomberg)

• Morgan Stanley tops estimates on better-than-expected wealth management, trading and banking results (CNBC)

• Investor sentiment starting to enter into frothy territory with so much going well for stock market (CNBC)

• What 66 Economists Say About Where the Economy Is Headed, in Charts (WSJ)

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

Do Optimus Dream of Electric Taxis? with Gene Munster

Dan Nathan and Gene Munster dive into Tesla's robotaxi event and the impact of unmet investor expectations on stock performance, alongside concerns about delivery targets and competition from Chinese EVs. The guys also discuss Google and Meta's integration of generative AI, shaping search results and user growth. The conversation wraps with a discussion of Apple's upcoming feature updates and their potential stock market impact.

Checkout Gene's podcast 'DeepTech315' here.

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