Tech companies this year, when it’s time to explain their earnings Must be a rough time for Roku’s management right about now. Not only did Roku report severe earning losses of 82 cents per share and revenues of $764 million both lower than analysts’ estimates, they also revealed their third-quarter forecast which fell ~$200 million short of expectations.Īs with many others, Roku partially blamed the loss and lower sales on issues such as inflation and supply chain problems (AKA high gas/fuel prices). This competition is getting more intense, baby! SAD TIMES FOR ROKUĭigital hardware streaming company, Roku, experienced an almost share price slum of about 23% during trading hours on Friday due to the company’s poor earnings report. Recently, AMD chips have become almost at par with Intel’s products …as some even outperform Intel’s speed and efficiency. The bigger crux is that Intel’s chips used to be perceived as more superior to AMD’s but… Both business models most certainly have their pros & cons though.! AMD contracts production to external chip factories, while Intel continues to establish and operate its own plants. An asset-light AMD may be more appreciated than an asset-heavy Intel. In any case, this rivalry for both chipmakers exceeds just the race to a higher market cap but also cuts across both companies’ business models. At the close of the trading day on Friday, Intel’s market cap was at about $148 billion.Īll the gains could disappear at the tap of a finger. market cap in the murrdd), on the same day, because their earnings report failed to meet expectations. Sooo AMD’s market capitalization hit $153 billion BUT Intel shares dropped by almost 9% ( i.e. So essentially, the higher the stock price, the higher the market capitalization… in a nutshell. School time: What is market capitalization? Think of it as the stock price multiplied by the total number of outstanding shares of the company. The stock price is the more volatile value of the two components in the market cap. Stocks be like: We will not be down forever, y’all THE AMD x INTEL ‘BUGA’ĪMD’s market capitalization exceeded Intel’s. Microsoft, Apple, Amazon, Google, and Ford are some of the stocks that drove the stock market to this new high. The first half of the year saw the S&P and Nasdaq decline by 21% and 29%, respectively, making it the worst first-half performance ( for the $44 trillion US equities market) in more than 50 years. If you’re wondering why I am so happy… I mean this whole year has given everyone a run for their money but let me keep you up-to-date on the US stock market gist: Won’t He Do It? Literal Footage of Tomi From Trove right now… That’s not all! This month alone, 86% of stocks in the S&P 500 have risen. * Insert new Tomi dance here because ayyeeee!!!* Since April 2020, the Nasdaq Composite, which is heavily weighted in tech, also increased by 12%. The Dow Jones Industrial Average increased 6.7%, while the S&P 500 climbed 9.1%, making July each index’s best performing month since November 2020. I knowwwww right?!?! It sure don’t feel like it! July has been the greatest month for the US stock market since 2020 Without further ado, let’s jump into some great news, shall we?! A July To Remember Last year, a lifestyle journalist made a financial decision to move cities in Nigeria (from Lagos to Ibadan).

How was your week though?! I bring you great tidings from the well of happiness, which is my very heart: Tomi’s bottomless energy.īut first, have you caught up on our latest blog post? Happy New Month FamBam!!! May the month of August be a delightful month for us all!

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