Tag: S&P 500
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The Apple Siri Gemini Deal: Renting the Model, Defending the Platform
Khan Capitals | June 2026 Key Takeaways A Record High, Then a Verdict For most of the past two years, every Apple set-piece event has functioned less as a product launch and more as a referendum on a valuation. The 8 June 2026 keynote, Tim Cook’s last before John Ternus assumes the chief executive title…
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The $1 Trillion AI Semiconductor Selloff: When Good News Became Bad News
Khan Capitals | June 2026 Key Takeaways A Record Week That Broke on Friday The AI semiconductor selloff of 5 June 2026 will be remembered for its violence, but the more instructive detail is what preceded it. On Monday 1 June the Nasdaq Composite closed above 27,000 for the first time. On Tuesday the S&P…
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Dell’s $51.3 Billion AI Server Backlog: The Build-Out Moves Down the Stack
Khan Capitals | June 2026 Key Takeaways A Beat Without Precedent in Enterprise Hardware Enterprise hardware is not supposed to produce results like this. The sector’s economics, long production cycles, thin margins and procurement-driven demand, have historically made it the steady, low-multiple counterweight to software’s volatility. Dell Technologies’ first-quarter fiscal 2027 results, reported after the…
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Apple After Cook: Ternus, $100bn in Buybacks, and the AI Question
Khan Capitals | May 2026 Key Takeaways An Earnings Beat, a Succession, and a $100 Billion Buyback Apple closed mega-cap earnings week with a result that, in any other quarter, would have dominated coverage. Revenue of $111.2 billion grew 17 per cent year on year, comfortably ahead of the $109.7 billion consensus. Diluted earnings per…
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AI Capex Hits $725bn: Wall Street Splits on the Hyperscaler Trade
Khan Capitals | May 2026 Key Takeaways A Capex Cycle Without Modern Precedent The last week of April delivered the clearest read yet on what the AI build-out actually costs at scale. Microsoft, Alphabet, Meta and Amazon all reported within a 36-hour window, with Apple following on Thursday. The earnings themselves were broadly strong; the…
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Q1 2026 Bank Earnings: Trading Desks Ride the Volatility Wave as Net Interest Income Compresses
Khan Capital | April 2026 Key Takeaways A Volatility Quarter That Rewarded the Right Desks The first-quarter 2026 bank earnings season opened this week with results that, taken in isolation, would have been read as a clean beat for the American banking sector. Every one of the six large US franchises that reported between 14…
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Q1 2026: The Worst First Quarter Since 2022 as Iran War and Oil Shock Sink Stocks
The S&P 500 fell 4.6% in Q1 2026 as the Iran war, an oil shock, and a 23% Microsoft drop produced the worst first quarter since 2022.
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Tech Volatility in 2026: Software Stocks Drop $400B in a Week
The MSCI Software Index plunges 21% as AI agents threaten per-seat licensing, Microsoft loses $400 billion in a day, and $400 billion in software sector value is destroyed in a week. Why this is the AI trade’s Phase Two, not its ending.
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2026 Outlook: Navigating Tariffs, AI, and Geopolitical Risk
Wall Street targets range from 7,100 to 8,000 for the S&P 500 as AI capex approaches $520 billion, valuations sit at dot-com-era levels, and the global easing cycle fractures. How to navigate the most complex investment environment since the pandemic.
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2025 Year in Review: DeepSeek, Tariffs, and Record Diversification
The S&P 500 delivers its third straight year of double-digit gains despite the DeepSeek shock, the worst tariff-driven sell-off since COVID, and a 60-percentage-point divergence within the Magnificent Seven. How diversification finally paid off and what it means for 2026.