How to Get Pre-IPO to Anthropic, Open AI & Others
What’s in Today’s Report:
- How to Get Pre-IPO to Anthropic, OpenAI & Others
Futures are slightly higher following a mixed night of earnings as investors look ahead to today’s Fed decision and hyperscaler earnings.
Tech earnings were mixed as memory company SK hynix (SKHY up 8% pre-open) beat while Seagate (STX down 1% pre-open) slightly underwhelmed. But, none of the results were good or bad enough to dramatically move futures.
There are four potentially market moving events today starting with the FOMC Decision (E: No change to rates) and Fed Chair Press Conference (2:30 p.m. ET). Put simply, the Fed needs to not be more hawkish than expected (so not signal an acceleration in rate hikes) otherwise the hawkish surprise will hit markets.
The third and fourth events come after the close via earnings results from hyperscalers GOOGL ($2.94) and MSFT ($4.71). Markets will want to see strong capex (to fuel the AI data center boom) but also evidence that all this compute investment is producing its own revenue. Those are the keys from the reports for the market.
Beyond those four events, there are additional earnings reports today and some results we’re watching include: GEV ($4.03), NOW ($0.56), TMUS ($2.86), UBS ($0.91).