Happy Tuesday Zingernation! Have you ever gone to see a movie you might’ve otherwise enjoyed, if only your friends hadn’t hyped it up to be an instant classic beforehand? Like when my boys kept calling a certain three-hour gabfest “the bomb”?

The exact same thing happened with Big Tech’s earnings this afternoon — except I have a feeling Google and Microsoft’s execs won’t be winning an Oscar anytime soon. If the tech giants want to make “meh” results sound less “meh” they should ditch the onsite fitness facilities for acting classes.

Today’s Price Action:

$SPY: -.08%
$QQQ: -.67%
$DIA: +.31%

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TODAY’S MOST VOLATILE STOCKS

ONE TOP MOVER

AMD Stock Slips After In-Line Q4: Lisa Su Touts 'Exciting Time' For Chipmaker Driven By AI

Briefly: Someone queue up some old-school Miley. There was a big chip party in the U.S.A. — until AMD came in like a wrecking ball.

What Happened: The stock fell in after-hours trading after the semiconductor company offered a first-quarter projection below Street expectations.

But Still: The company and analysts saw the results as positive, even if investors didn’t.

From Execs: “Demand for our high-performance data center product portfolio continues to accelerate, positioning us well to deliver strong annual growth in what is an incredibly exciting time as AI re-shapes virtually every part of the computing market,” CEO Lisa Su said.

From Analysts: Barclays’ Tom O'Malley expects the company to exit 2024 with an AI revenue run-rate of $4 billion, which will likely increase to more than $7 billion in 2025. Citing channel checks, the analyst said the MI300 AI accelerator has received stronger feedback. 

What Next: Read the full $AMD breakdown here.

PRESENTED BY GROUNDFLOOR

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At 20% of the U.S. population, Generation Z is beginning to reshape the world of finance, shifting away from traditional investments and toward alternatives like real estate, artwork and cryptocurrencies. 

This shift is primarily driven by their financial realities: living paycheck-to-paycheck and seeking financial independence rather than more traditional markers of wealth. 

Groundfloor is tapping into this trend by offering fractional real estate investments, aligning with Gen Z's preference for accessible, technology-driven options.

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FIVE MOVERS

Remark shares traded higher by more than 300% today after the company’s social media account posted about a deal with Microsoft.

Electronic Arts stock moved lower after the company reported revenue slightly lower than Street estimates.

Google stock took a hit despite beating top-line estimates, as ad revenue and YouTube profit dragged the stock lower.

Starbucks shares moved higher after the company’s report, despite misses on both EPS and revenue. 

General Motors stock put the pedal to the metal after the company reported revenue that beat experts’ estimates by nearly $5 billion.

ONE TRADE IDEA FOR TOMORROW

Energy Stocks 'A Hedge Against Things Getting More Out of Control' In Middle East

Briefly: Seasoned Wall Street investor Ed Yardeni recommended owning energy-related stocks to hedge against potential oil price shocks.

So Basically: Yardeni highlighted the current geopolitical volatility, particularly in the Middle East, as a factor that could lead to a surge in oil prices reminiscent of past crises.

So Then: “Energy is a hedge against things getting more out of control in that part of the world,” he stated, highlighting the potential for turmoil in oil-producing regions to upend markets.

So What? Drawing on the parallels with the oil shocks of the 1970s, Yardeni expressed his concerns about the current global geopolitical scenario: “This situation is reminiscent of the 1970s when we had two geopolitical crises, two oil shocks.”

What Next: Check out Ed’s full thoughts here.

PRESENTED BY GROUNDFLOOR

Is Fractional Real Estate Investing The Future Of Gen Z Portfolios?

At 20% of the U.S. population, Generation Z is beginning to reshape the world of finance, shifting away from traditional investments and toward alternatives like real estate, artwork and cryptocurrencies. 

This shift is primarily driven by their financial realities: living paycheck-to-paycheck and seeking financial independence rather than more traditional markers of wealth. 

Groundfloor is tapping into this trend by offering fractional real estate investments, aligning with Gen Z's preference for accessible, technology-driven options.

For more insights into Groundfloor’s role in advancing alternative investments, visit their website. Benzinga readers earn a free $50 credit.