SpaceX and AMD test Nasdaq 100 bullish turn
SpaceX and AMD are set to report earnings, which may influence the Nasdaq 100's recent bullish trend. Investors are closely watching SpaceX's financial health and valuation as it navigates a high-interest-rate environment.
Why it matters
The performance of these high-growth tech companies serves as a bellwether for market sentiment and the sustainability of current tech sector valuations.
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SpaceX and AMD report after the US close tomorrow. Their results could prove decisive in showing whether technology can regain leadership and whether the Nasdaq 100 can confirm last week's bullish turn.
SpaceX reports to the market for the first time since its stock-market debut. Consensus expects EPS of -$0.23 and revenue of $6.88bn, driven mainly by Starlink. The satellite connectivity division is not only becoming the company's profitability engine, but also the cash generator funding its two major long-term bets: artificial intelligence and the Starship space programme.
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