Matrixport-linked whale opens a new 20x leveraged long position with 400 BTC

Jefferies has lowered the price target for American Express (AXP.US) from $350 to $330.

Rohit Sipahimalani, Chief Investment Officer at Temasek International, pointed out that as global markets head into next year, they face two major risks: the possible reversal of the investment boom in artificial intelligence (AI), and inflation driving up bond yields, which could in turn end the upward momentum in the stock market. He stated, "The fading of the AI investment boom is the biggest risk. We don't think it will happen immediately, but some turbulence may occur around 2027." Another major concern is "worries over inflation." He said, "Inflation is a risk, and along with changes in the interest rate environment, this means there could be a point where the stock market hits a certain threshold." He believes that together with the AI issue, these constitute the "two key risks in 2027" that he foresees.

As companies make massive investments in AI infrastructure, U.S. corporations are set to usher in another strong earnings season. According to Goldman Sachs, the S&P 500 companies are expected to report a 27% year-over-year increase in earnings for the September quarter, driven by firms at the core of the AI infrastructure boom. Ben Snider, Chief U.S. Equity Strategist at Goldman Sachs, stated, "Recent macroeconomic data and signals related to the AI investment frenzy show no indication that investment is slowing down." Manish Kabra, Chief U.S. Equity Strategist at Societe Generale, said that this will mark the third consecutive quarter with profit growth exceeding 25%, an unprecedented streak outside of the post-financial crisis recovery periods. Revenue is projected to grow by 12%. Steve Chiavarone, Chief Investment Officer for Federated Hermes Equities, pointed out that thanks to capital expenditures related to AI infrastructure, investors are witnessing "the best profit and margin growth in our lifetimes." He added, "The worries that have built up... will ultimately be shattered by strong earnings performance."

According to the Financial Times, robust AI spending signals another profitable earnings season in the US, offering potential gains for investors. Goldman Sachs predicts that, driven by companies at the heart of the AI infrastructure boom, S&P 500 component companies' earnings for the September quarter are expected to increase by 27% year-on-year.