๐Ÿ“ˆ NVDA Worth More Than AMZN

Plus: Airbnb's record report

Good Morning!

First off, a big Happy Valentine's Day to all of you! Whether you're celebrating with loved ones or just treating yourself, we hope your day is as fulfilling as a well-diversified portfolio. ๐Ÿ’˜ย 

It's that magical time of year - earning season - where the stock market feels like a Super Bowl party. Speaking of which, did you catch the Super Bowl? The viewing numbers just got released and a record-breaking 123.7 million viewers did!

First up, Airbnb is not just hosting travelers; they're hosting record Q4 results! Their numbers are soaring higher than a drone over a tourist hotspot.

Meanwhile, in the land of tech giants, Nvidia has just done the financial equivalent of a mic drop, surpassing Amazon in market value. Move over, Bezos, there's a new sheriff in town!

Shopify, the e-commerce darling, just gave Wall Street a bit of a frown. They beat their earnings, but apparently, that wasn't enough to get the party started on Wall Street.

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Markets

US yields surge to 2-1/2-month high after inflation data (5 minute read)
Well, guess what happened in the land of Treasury yields? They decided to take a little hike on Tuesday! Turns out, the 10-year yield hit its highest point in over two months, thanks to inflation numbers that were cheekily higher than what everyone guessed. This little surprise means we might have to wait a bit longer for those rate cuts from the Federal Reserve. And why the jump, you ask? Our trusty CPI (Consumer Price Index) went up by 0.3% last month, mainly because rent decided it wanted to be the star of the show. Economists had their bets on a 0.2% rise, but inflation clearly had other plans!

Investing

Airbnb's Record Q4 Results (1 minute read)
So, Airbnb's (ABNB) about to drop their Q4 financial scorecard, and the buzz is all about some pretty impressive numbers. They're eyeing a neat 62 cents per share in earnings, with the cash register expected to ring up to about $2.164 billion in revenue. Talk about a solid quarter!

And if you think that's cool, wait for it - their annual earnings for 2023 are looking to skyrocket by a whopping 201.1%! Airbnb's been hinting at this winning streak in their earlier forecasts, predicting Q4 revenue to land somewhere between $2.13 billion and $2.17 billion. Plus, they've been hinting at smashing their previous records with a sky-high adjusted EBITDA for the quarter.

Nvidia is now worth more than Amazon thanks to the AI chip boom (5 minute read)
In the world of tech giants, Nvidia (NVDA) just pulled off a bit of a coup by overtaking Amazon (AMZN) in market cap on Tuesday. This is big news, folks! It's like the tech world's version of a thrilling horse race, where Nvidia has edged past Amazon right at the finish line.

What's driving this surge? It's all about the chips โ€“ not the snack kind, but the semiconductor ones that are the brains behind cutting-edge artificial intelligence. Investors are gobbling up shares in companies like Nvidia that are at the forefront of this chip revolution.

Shopify disappoints Wall Street despite Q4 earnings beat (5 minute read)
Shopify (SHOP) is feeling the heat, even though they've actually outdone themselves in the fourth quarter. Picture this: they've beaten the earnings estimates with a cool $2.14 billion in revenue and adjusted earnings per share sitting pretty at $0.34. But here's the twist โ€“ Wall Street isn't throwing a party.

Despite these solid numbers, Shopify's stock is like a balloon losing air, down about 8.5%. It seems like beating expectations isn't the only trick in the book. The big question now is, what more do companies like Shopify need to do to really wow the analysts and get those stock numbers soaring?

Money

Young Peopleโ€™s Wealth Is Growing Much Faster Than Older Generations (5 minute read)
Alright, here's a little generational money update from the pandemic era. Picture this: back when the whole pandemic shenanigans started, millennials and the adult Gen Z crowd were holding onto a tiny slice of the American wealth pie โ€“ just under 5%. Meanwhile, the boomer generation and their folks were sitting comfy with nearly three-quarters of the nation's wealth. Fast forward to now, and the tables are starting to turn!

A new study from the New York Federal Reserve has dropped some eye-opening stats. The under-40 gang has been on a financial turbocharge, boosting their wealth by a staggering 80% since 2019. That's right, they're sprinting ahead in the wealth race, leaving their elders in the dust.

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