Today is Friday, March 7, 2025.

The Early Bird Index today is 69.71

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Broadcom's AI Chip Revenue 🚀

The AI trade is alive and well. Broadcom (Nasdaq: AVGO) posted strong financial earnings results on Thursday, sending shares up 12.82% in after-hours trading.

Financials: Broadcom reported earnings of $1.60 per share and revenue of $14.9 billion in the past quarter; both were better than expected.

Powering the Story: AI revenue surged 77% in the past quarter and the company anticipates its AI semiconductor revenue to increase in the current quarter.

• These results stand in sharp contrast to other recent semiconductor companies, whose struggles suggested the AI trade may be over. Broadcom just proved that it is too soon to give up on AI companies.

Early Bird’s Nest Egg Gains: What is Broadcom’s AI advantage over competitors? It collaborates closely with major hyperscale clients such as Alphabet (Nasdaq: GOOGL), Meta (Nasdaq: META), OpenAI, and Apple (Nasdaq: AAPL) to design custom chips tailored to their specific AI workloads.

• Unlike competitors focused solely on computing power, Broadcom excels in solving connectivity challenges for large-scale AI infrastructures.

Final Thoughts: Broadcom needed these strong results after starting 2025 with a 22% drop in its stock price.

Billionaires wanted it, but 66,737 everyday investors got it first… and profited

When incredibly rare and valuable assets come up for sale, it's typically the wealthiest people that end up taking home an amazing investment. But not always…

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It's called Masterworks. Their nearly $1 billion collection includes works by greats like Banksy, Picasso, and Warhol, all of which are collectively invested in by everyday investors. When Masterworks sells a painting – like the 23 it's already sold – investors reap their portion of any profits.

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Past performance not indicative of future returns. Investing Involves Risk. See Important Disclosures at masterworks.com/cd.

Notables

Notable Earnings Today: Algonquin Power & Utilities (NYSE: AQN), Genesco (NYSE: GCO), Advantage Solutions (Nasdaq: ADV), inTEST (NYSE American: INTT), Oncolytics Biotech (Nasdaq: ONCY), WhiteHorse Finance (Nasdaq: WHF).

Notable IPOs Today: Maywood Acquisition Corp. Class A Ordinary Shares (Nasdaq: MAYA), SANUWAVE Health, Inc. Common Stock (Nasdaq: SNWV), SAGTEC GLOBAL LIMITED Ordinary shares (Nasdaq: SAGT), Ribbon Acquisition Corp Class A Ordinary Shares (Nasdaq: RIBB).

Notable Equity Crowdfunding Campaigns Ending Today: GRYT Health (Wefunder), Ez Debride, Inc. (StartEngine), Dust Moto (Wefunder).

Notable Economic Events Today: Unemployment Rate (8:30 a.m. ET), Nonfarm Payrolls (8:30 a.m. ET), Average Hourly Earnings (8:30 a.m. ET), Labor Force Participation Rate (8:30 a.m. ET), Fed Monetary Policy Report (11:00 a.m. ET).

The Gap's Larger Comparable Sales

The Gap (NYSE: GAP) stunned investors with strong financial earnings results on Thursday, causing the retailer’s stock to skyrocket by 18.64% in after-hours trading.

Financials: GAP reported earnings of 54 cents per share and revenue of $4.1 billion in the past quarter; both were better than expected.

Powering the Story: Comparable store sales increased by 3%, proving that its operations are surprisingly headed in the right direction.

Final Thoughts: Gap, down 17% in the last 12 months, finally got good results.

Intuitive Machines: Unclear Moon Landing

Space exploration company Intuitive Machines (Nasdaq: LUNR) plunged over 20% on Thursday and a further 29.40% in after-hours trading as the status of a lander was unclear after it reached the lunar surface.

Final Thoughts: The stock was up 129% in the past 12 months.

Trends to Watch

In Bad Shape: HPE to cut 2,500 employees as stock slides 19% on weak earnings outlook (CNBC)

Big Box Miss: Costco shares slip after profit and revenue miss (MarketWatch)

Bigger in Texas: Texas Surges in U.S. States' Race to Put Public Funds Into Crypto (CoinDesk)

Going Private: Walgreens Seals $10 Billion Take-Private Deal With Sycamore (Wall Street Journal)

On-Again, Off-Again: Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth (Associated Press)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}