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VRA Letter: Textbook Bull Market Action Continues. “Innovation Revolution” Earnings Today from GOOGL, MSFT, AMD. Must-Read From Bryan Rich. Xtract One

Good Tuesday morning. Another day, another set of all-time highs in the S&P 500 and Dow Jones. Textbook bull market action continues, with the semis leading nasdaq higher and nasdaq leading the rest of the market higher, with ...

Posted On January 30, 20244 MIN Read
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Good Tuesday morning. Another day, another set of all-time highs in the S&P 500 and Dow Jones. Textbook bull market action continues, with the semis leading nasdaq higher and nasdaq leading the rest of the market higher, with solid market internals and another strong smart money hour.

Today is crucial, as to Q4 earnings reporting season, with tech giants Microsoft, Alphabet and AMD reporting after the close in the first wave of our “innovation revolution” market-moving earnings results for the week.

Microsofts market cap just topped $3 trillion for the first time ever, as validation builds for Microsoft's investment in OpenAI, whose ChatGPT has become one of the focal points of the growing enthusiasm over AI.

Alphabet has also recently launched its own advanced AI play, called Gemini. CEO Sundar Pichai recently called it "one of the biggest science and engineering efforts we've undertaken."

AI will also be a focal point for Advanced Micro Devices when the chipmaker post...

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