alleging"accounting manipulation" at the company. Defiance ETFs CEO & CIO Sylvia Jablonski suggests that if SMCI can demonstrate they have the situation under control and their accounting is accurate,She highlights the stock's impressive growth over two years, the company's leadership in cooling data centers, and the upcoming 10-for-1 stock split scheduled for October.
And we've got some muted outlooks for other, signalling an uncertain environment for ahead here we'll talk to a strategist who just downgraded consumer discretionary and we're going to talk about that outlook for the sector in just a few moments and crowd strike reporting results for the first time since the massive global outage that affected over 8 million Windows devices and impacted a wide variety of sectors.
A I movements and what could potentially take place going into this print that we're going to get later on here and the expected move. I'm talking Microsoft meta Amazon Apple and they have all across the board said they've increased their A I spend.We are expecting 70% quarter over quarter earnings growth from this company.
And so we could potentially see as we've talked with some analysts about in this most recent few weeks as we lead up to NVIDIA's earnings, what could potentially one day be a 1 million chip data centre? So at the top end, Clearly, some consumers are benefiting from the healthy housing sector, a healthy stock market where else although inflation is falling, prices have not yet fallen, so people feel they are still not better off So it's clearly a question as to where you are positioned.
What is that signal to you as we're moving through a period of the summer months where consumers are known to cyclicality wise, prioritise more of that services spending versus goods, and then on top of that, we're about to go into a very highly promotional period?So as you are saying from a consumer perspective, people feel very differently when you are looking at consumer surveys and different surveys tell you different things.
So if it comes from a very, very low base to a low base, then maybe it has less of an effect than if you go. Profitability is being boosted, obviously by to some extent, improvement in innovation and productivity that we are seeing. So it comes back to that case shaped consumer where you have some consumers feeling healthy, being secure in their jobs and therefore choosing to spend more than others but also choosing to spend more on those services.Those are the types of companies that you want in of positioning within the sector and then and then within those even within those buckets, we need to distinguish between the weaker and the stronger ones.
It's Broadcom, and I think what's interesting about this stock is that it's part of the telecommunication.So it's part of that six G, the lower latency, the you know, network services, wireless communications that that's what their chips feed. So I think it's it's, you know, the cousin of NVIDIA if NVIDIA goes up, but come also go up and we've levered it up, too.So having that tradable product out there with leverage also increases the amount of shares that people buy on a daily basis.A. I stack here because you have the applications on top of the models on top of the chips.
He just knows that he has to use his cash and buy it up, because long term, he's very bullish on this and it's paying off. Well, I think, you know, if you look at what happened over the last couple of days, if he's, you know, picked it up this morning and it goes back to where it was a few days ago.But the election could be interesting, you know, Suddenly everyone in politics is very bullish on crypto.
So not a small amount of holdings, but still selling off that $982 million of Bank of America sale shares here is obviously going to be a potentially bearish signal for Bank of America. Then you wanna be able to activate that quickly, and so I think that's what we're starting to see a little bit more of, especially in some of the larger or more outsized stakes, um, that have seen their run up in financials and and now trying to figure out where we take profits and deploy that elsewhere once these dip buying opportunities start to emerge in critical mass?It's such a great point, Brad, and also points to kind of the So what factor for Berkshire and Bank of America in...
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