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...
It's great to have you here, so talk to me about the degree to which you anticipate cocoa prices continuing this run to the upside because we have seen a little bit of volatility over the last couple of months.
When it comes to food production, we've seen cocoa, obviously, as we talk about now, but coffee prices hitting record highs as well. You're getting to that October 2022 low for NVIDIA, it is rally up over 1000% since that 2022 low, and you can see the amount of money soaring in from retail investors again buying that dip that we saw in October with that market route.Money versus retail investor money is that's traditionally referred to.
Uh, we are also expecting maybe more media medium, longer term updates at the company's upcoming investor briefing at their conference slated for about three weeks from now.How concerned are you about the guidance piece when it comes to crowd strike and the kind of conservative approach that they are likely to take to cutting that full year guidance?You know, I think that's a very important question and a very fair question.
We think, by most institutional investors, given the amount of a I demand that has been circulating for, I mean several earnings quarters at this juncture and just continue to be amped up in earnings calls as well. Uh, look, I think we're very much focused on, uh, the blocking and tackling elements of this degenerative A. I angle to this story, and the investment case here is actually very attractive.It's no surprise that within cybersecurity there is actually a dearth of talent you can't hire, you know, qualified information security folks fast enough because there aren't enough qualified, uh, individuals.
Hey, this is an opportunity as an underdog of smaller scale in this market for us to rise to the occasion. No, it's, uh it's clearly taking markets here in a toy market That's not growing right now, as you say, and it's it's about our brand standing really strong.And so So I think it's all coming together and and really uh, yeah, really helping us to take the share that leads to growth right now.
But I think at least when I look at it with our from our lens here, there's good momentum and it doesn't seem like things are very different.So in that sense, I would expect a bit more of the same and kind of the normal seasonality if you want throughout the year.Take us inside some of the numbers in your business.
So we've been able to grow 13% as you say, and we have spent less less oil based plastic for the same period, and that's a milestone for us to be able to grow while spending less and less fossil based materials.
So so over that we continue to open stores at a slightly lower pace than what we've done in recent years.All right, we'll leave it there.All right, Much more ahead on Yahoo Finance.That is, according to reporting originally from Bloomberg. We had heard from tech companies about where they over hired and where they now needed to re strategize or Reprioritize, given some of where the market demand is actually moving and reallocating some of those internal resources here.It perhaps also entails for some of those positions being real, located elsewhere within the business.
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