Growth Investing and Market Commentary by Gary Black
Gary Black: No stock with over $1 trillion market cap has traded at 40x forward EV/revenue
Gary Black, managing partner and investor at The Future Fund, posed a question about stock market history regarding companies with more than $1 trillion in market capitalization trading above 40 ...
Chipmaker selloff intensifies as new Chinese AI model challenges leaders, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks declined Friday amid an escalating global chipmaker selloff. He attributes the downturn to Chinese startup ...
Gary Black: Netflix drops after weak guidance tied to 2026 Olympics
Gary Black, managing partner, investor at The Future Fund, highlights that Netflix shares dropped 7.7% after hours following the company’s second quarter results and disappointing guidance for ...
SPCX has $1.8T market cap and high multiples, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, questions SPCX as an investment, noting that its $1.8 trillion market cap limits potential upside. He points out that the company is ...
Gary Black: June U.S. CPI shows first monthly decline in six years
Gary Black, managing partner and investor at The Future Fund, highlights that June U.S. CPI was much weaker than expected, including the first month-over-month decline in six years. He points ...
TSLA trades at a much higher PEG ratio than Mag 8 average, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, questions the current valuation of TSLA. Black points out that TSLA's projected 2026 price-to-earnings ratio is 209x, with long-term ...
Gary Black: SK Hynix sets record $26.5B U.S. ADR listing at $149 amid market volatility
Gary Black, managing partner, investor at The Future Fund, reports that U.S. stocks declined during ongoing U.S.-Iran peace talks, as tensions persisted around the Strait of Hormuz. Brent crude ...
U.S. stocks rise as Brent crude falls, Gary Black notes
Gary Black, managing partner at The Future Fund, reports that U.S. stocks rose, with SPX up 0.2% and NDX advancing 0.8%, as investors remained calm despite renewed U.S.-Iran attacks challenging ...
Gary Black: U.S. stocks fall as Brent crude rises after escalation in Hormuz
Gary Black, managing partner, investor at The Future Fund, reported that U.S. stocks declined, with SPX down 0.8% and NDX down 1.1%, after the U.S. struck over 80 Iranian targets. President Donald ...
U.S. stocks fall after weak Samsung earnings, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks declined Tuesday, with the S&P 500 down 0.2% and the Nasdaq 100 off 1.0%. He notes that investor ...
Gary Black: U.S. stocks rise pre-market as tech rebounds ahead of key earnings
Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks moved higher in pre-market trading Monday. Tech stocks led the rebound before this week’s earnings from ...
TSLA shares rose 13 percent over 10 days ahead of 2Q results, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, highlights that investors anticipated Tesla's 2Q deliveries to exceed Wall Street consensus of 406,000. Black points out that this ...
Gary Black: U.S. stocks drop before June jobs data as tech shares fall
Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks declined in pre-market trading, with the S&P 500 down 0.2% and the Nasdaq 100 off 0.8%, ahead of the June ...
U.S. stocks open lower as investors await Fed Chair Warsh’s remarks, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks were poised to begin July on a cautious note, with the S&P 500 down 0.3% and the Nasdaq 100 dropping 0.6%. ...
Gary Black: TSLA 2Q deliveries expected to reach 410,000, up 7 percent YoY
Gary Black, managing partner, investor at The Future Fund, expects TSLA's second quarter deliveries, set to be reported on Thursday morning, to reach approximately 410,000 units, representing a 7 ...
AVAV rises 15 percent on earnings beat and guidance, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that AVAV shares jumped 15 percent after hours following a fourth-quarter earnings beat and a higher-than-expected revenue ...
Gary Black: Tesla, Waymo and Uber push for unsupervised autonomy in robotaxi sector
Gary Black, managing partner, investor at The Future Fund, summarizes key competition among Tesla, Waymo and Uber as they strive to scale unsupervised autonomy in the robotaxi market. The ...
U.S. stocks drop and Brent crude falls as Strait of Hormuz reopens, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks declined on Friday, with SPX falling 0.5% and NDX dropping 1.2%, amid broad semiconductor selloffs and ...
Gary Black: Memory chip boom at MU may last longer than expected
Gary Black, managing partner and investor at The Future Fund, comments on the outlook for MU following its latest earnings report. He emphasizes that the key issue was not the size of the ...
TSLA underperforms NDX over multiple time frames, Gary Black notes
Gary Black, managing partner and investor at The Future Fund, compares TSLA's performance to NDX amid falling U.S. 10-year treasury yields. Over 1, 3, and 5 years, TSLA has consistently lagged ...
Gary Black: U.S. tech stocks steady as investors await MU results and $29.4B SK Hynix listing
Gary Black, managing partner, investor at The Future Fund, reports that U.S. markets halted their decline in tech stocks as investors look ahead to tonight's MU earnings release. Oil prices fell ...
