TMTB Morning Wrap

Good morning. QQQs -15bps slightly down ahead of CPI at 8:30am. Yields slightly down.

GS Day 2 Takeaways here courtesy of LucknowCapital on X

Most interesting to me was Kevin Smith, CTO of MSFT. Some interesting recap of comments in this thread here although I think the whole transcript is worth a read.

Key Presos today at GS TMT Day 3 include: Jensen at 7:20am pst; PINS CEO (8:10am); WDAY CEO (9:30am); NOW CEO (10:50am); CRM CEO (11:30am); RDDT CEO (10:50am); TSM CFO (3:05pm); Databricks CEO (4:25pm); MRVL CEO (3:45pm). A lot of other good ones too. Stream link here

Consensus is Kalama won the debate:

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Let’s get to the recap:

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IBM: ISI raises tgt to $240 from $215 and says sizeable upside to revs and FCF