Monster earnings from SCMI January 29 Stock Market Update

$CRM $ADBE

Author

Mukund Mohan
January 29, 2024

Market

“While we continue to win new partners, our current end customers continue to demand more of Supermicro’s optimized AI computer platforms and rack-scale Total IT Solutions,” Chief Executive Charles Liang, SMCI

The market is getting euphoric - be careful

A tremendous earnings report from SOFI and SMCI got the market go up again, hitting levels that are nosebleed for NTM earnings.

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Technology and Communications continue to dominate

$SOFI gained 20% for the day and $SMCI gained another 10% after hours.

Video of the day

Today’s video is on Spotify $SPOT the music and podcast app.

Deep dive of the day

Today’s writeup is on Paysafe a payments company. Small Cap

Paysafe a Deep Dive

Paysafe is a payments company focused on SMB

blog.mukundmohan.online/index.php/2024/01/29/paysafe-ltd-psfe-deep-dive/

Good setups for swing

$ADBE to $650

$CRM to ATH at $311