Blake Anderson
Tech Earnings Begin
Technology investors were on a rollercoaster this past week. Notable names in the group saw large share price movements in the day following their earnings report. Investors digested a range of reports, from good to scary, as companies continue to progress through product cycles and deal with the macroeconomic landscape. These early reports set the …
Blake Anderson
October 27, 2025
Early Earnings Highlights
Financials top the list of early earnings highlights. The six largest companies in the group have traded higher since reporting robust results. These results come despite a backdrop of increasing economic worries and defaults at select customers. Many of these financial institutions have worked to capture demand and improve operations which together powered earnings estimates …
Blake Anderson
October 20, 2025
Technology Earnings Preview
Technology’s earnings season is fast approaching. Expectations call for continued fundamental outperformance, and recent relative price performance hints that investors are buying tech rather than the broader market which sets a high bar. With the once-in-a-generation opportunity posed by AI, tech executives have been feverously making deals to help live up to these high-growth expectations. …
Blake Anderson
October 13, 2025
Semiconductors Surge, But Is Caution Warranted?
Semiconductors have been one of the best performing groups of stocks in the past 6 months. The group’s fearless leader, Nvidia, continues to lead from the front, but a smaller corner of the semiconductor industry – memory providers – have shone even brighter. While recent price action in the stocks of memory providers has been …
Blake Anderson
October 6, 2025
To The Ryder Cup’s Victor Goes The Outperformance
The Ryder Cup tees off this week. It’s sure to be a battle on the course. It’s also shown itself to be a battle for market returns. Since 2000, the winning team’s market has outperformed the loser’s market by an average of 1.6% into the end of the year! There may be both pride and …
Blake Anderson
September 25, 2025
3 Takeaways from OpenAI Usage
OpenAI released an in-depth research paper detailing how users are employing ChatGPT. There are three takeaways that stood out to me: Usage is booming. Interactions are becoming higher quality. And users are increasingly using the model for non-work related topics. These datapoints tell a cohesive story: ChatGPT is becoming a more reliable counterpart in our …
Blake Anderson
September 22, 2025
Oracle’s Blockbuster Results
“Eventually, AI will change everything. But right now, AI is fundamentally transforming Oracle and the rest of the computer industry, though not everyone fully grasps the extent of the tsunami that is approaching.” – Larry Ellison, Oracle CTO, on the company’s latest earnings call. Oracle’s stock surged 35% on Wednesday following the release of their …
Blake Anderson
September 15, 2025
Alphabet’s Antitrust Ruling
A United States District Court released its long-awaited opinion in the antitrust case filed by the Department of Justice, which alleged that Google built and maintained its market power through illegal actions. The court found that some of Google’s conduct was indeed anticompetitive. However, the proposed remedies were not as severe as many expected, with …
Blake Anderson
September 9, 2025
Nvidia’s Earnings Cap A Stellar Summer
Nvidia and I have at least one thing in common: a stellar summer of 2025. I was fortunate enough to take a sabbatical and travel for several weeks. Meanwhile, Nvidia added roughly $1.2 trillion in market cap since May 23rd (the last close before Memorial Day) through yesterday’s close (FactSet data). Those are fairly comparable …
Blake Anderson
August 28, 2025
Microsoft Further Exceeds a Higher Bar
Microsoft’s latest quarterly earnings report revealed that the company’s AI offerings are powering growth beyond what the company expected. Azure, Microsoft’s cloud computing business, continues to exceed expectations and post accelerating revenue growth rates. Many “AI-native” companies, including OpenAI, rely on Azure’s unique product portfolio to help train and advance their offerings. By providing the …
Blake Anderson
August 18, 2025