Covering U.S. technology stocks @business
San Francisco, CA
Joined January 2012
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jeran wittenstein retweeted
My interview with Bloomberg,
AI May Not Up to the Hype, MIT Economist Daron Acemoglu Warns - Bloomberg bloomberg.com/news/articles/…
jeran wittenstein retweeted
Fun fact in @jwittenstein & @csreinicke piece on how Nvidia became the best-performing stock in the past 25 years: When Nvidia joined the S&P 500 in 1999 it replaced Enron $NVDA bloomberg.com/news/articles/…
jeran wittenstein retweeted
For a sense of how wild this year’s crypto rally has become: MicroStrategy now has a market cap that’s higher than nearly half of SPX firms. MSTR “is essentially a leveraged holding company for Bitcoin,” said @SteveSosnick. Story w/ @jwittenstein bloomberg.com/news/articles/…
jeran wittenstein retweeted
The same handful of megacap names that led the market down have been powering the latest surge. BusinessWeek piece by the amazing @VildanaHajric and @jwittenstein bloomberg.com/news/articles/…
jeran wittenstein retweeted
Apple's slowing growth and $165 billion cash hoard are again fueling speculation that it should make a big acquisition bloomberg.com/news/articles/… via @technology @jwittenstein @RyanVlastelica
jeran wittenstein retweeted
Apple has taken a lot of hits recently. So why are its shares doing better than other tech companies’? @jwittenstein has the scoop bloomberg.com/news/articles/… via @BW
jeran wittenstein retweeted
Had a lot of fun in 2022 editing this daily column about @technology stocks with @RyanVlastelica @Subrat_Patnaik @jwittenstein @Thyagu @JeannyYu @yiqinsh @deyesha @BTLipschultz @divyabalji @catkngai. For the penultimate edition of the year, a look back
bloomberg.com/news/articles/…
jeran wittenstein retweeted
Stock Market Meltdowns Have FAANGs Looking Increasingly Toothless | @jwittenstein bloomberg.com/news/articles/…
jeran wittenstein retweeted
"The Nasdaq 100 just did something it hasn’t done since the aftermath of the internet bubble: fall more than 1% in every session of a week." @luwangnyc bloomberg.com/news/articles/…
I'm not going to say the b word, but there's a lot of air coming out of something.
Some moves from 52-week highs that caught my eye this week:
Roku -68%
Block (Square) -58%
Shopify -48%
PayPal -47%
Netflix -42%
jeran wittenstein retweeted
The Covid-19 pandemic isn’t over yet, but the boom it helped create for stay-at-home stocks appears to be vanishing bloomberg.com/news/articles/… via @markets @NewsyNick @jwittenstein
For those of you keeping score, Apple shares have now fallen on 13 of the 17 days it has unveiled new iPhones after closing down 1% today.
bloomberg.com/news/articles/…
8 year old: what is your main job?
writing stories about the stock market.
8 year old: that doesn't sound like a very good job.
jeran wittenstein retweeted
Had a great conversation with @jwittenstein @business about $T and the dividend cut associated with the media deal. bloomberg.com/news/articles/…
jeran wittenstein retweeted
Earnings season is shaping up to be a blockbuster one for corporate profits. You would never know it judging from the reaction in the stock market. trib.al/ycR5aKe
Tech stocks face an uphill battle in commanding the type of devotion they once enjoyed in the market with growth prospects appearing more attractive in other sectors.
bloomberg.com/news/articles/…
