Dow, S&P 500, Nasdaq futures rise entering shortened week featuring jobs data, war uncertainty

🚀 Why PMGC Holdings shares are trading higher by over 100%

Shares of PMGC Holdings Inc. rose sharply in pre-market trading after the company announced its subsidiary, NorthStrive Biosciences, signed a licensing agreement amendment with MOA Life that updates the timing and key development milestones for EL-32 and EL-22 human clinical development program.

PMGC Holdings shares jumped 100.6% to $3.35 in pre-market trading. Benzinga reports.


🧬 Sangamo Therapeutics earnings are imminent

Sangamo Therapeutics, Inc. will release earnings for its fourth quarter after the closing bell on Monday, March 30.

Analysts expect the Richmond, California-based company to report quarterly loss of 5 cents per share, versus a loss of 11 cents per share in the year-ago period.

The consensus estimate for Sangamo Therapeutics' quarterly revenue is $40.25 million (it reported $7.55 million last year), according to Benzinga Pro. Benzinga reports.


💻 Nvidia's PE sinks to seven-year low as war and AI angst weigh

As global stock markets tumble over deepening worries about war in the Middle East, Nvidia, the world's most valuable company, finds itself trading at its cheapest price-to-earnings multiple since before ChatGPT kicked off the AI boom.

The steep drop in Nvidia's PE suggests the dominant AI chipmaker's shares may be a bargain, but one tied to risks and uncertainty that have shaken investors' confidence in the so-called AI trade that has driven Wall Street higher in recent years.

Shares of Nvidia have tumbled nearly 20% from their record high close in October, with the company caught up in a broad market selloff over fears that the U.S. and Israeli war on Iran will keep oil prices elevated and fuel a wave of inflation that could force central banks to raise interest rates. Yahoo Finance reports.


💻 Why Nvidia and Tesla are suddenly knocking on Samsung's door

A severe capacity crunch at Taiwan Semiconductor Manufacturing Company Ltd. is forcing major clients, including Nvidia Corp. and Tesla Inc., to seek alternatives, positioning Samsung Electronics Co. Ltd. as a rare second source for cutting-edge chips.

Taiwan Semiconductor’s 3nm process has entered a rare state of “overload” as chip designers and hyperscale cloud providers such as Amazon.com Inc. and Microsoft Corp. compete aggressively for limited capacity, Technode reported on Monday, citing DigiTimes and TechWeb reports.

The supply crunch has turned Taiwan Semiconductor’s production capability into a key bottleneck, with demand far exceeding available capacity.

The report added that this sharp mismatch between supply and demand is already interfering with the product development timelines of several companies. Benzinga reports.


👟 Nike’s stock is at 9-year lows ahead of earnings

When Nike reports quarterly results on Tuesday, Wall Street will get another look at the sportswear giant’s turnaround efforts, as it tries to offer more gear tailored to athletes’ specific needs and entice wary consumers with new sneakers and clothing.

But those efforts, thus far, have done nothing for Nike’s stock.

Shares were at roughly nine-year lows as of Friday, and are down more than 19% over the past 12 months. MarketWatch reports.

Time (ET)/ Report/ Period

10:30 AM - Federal Reserve Chair Jerome Powell speaks - N/A
4:00 PM - New York Fed President John Williams speaks - N/A

“Valuation is simple; value is not.”

– Aswath Damodaran

Sourced in: Aswath Damodaran lectures – NYU Stern.

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