Gary Vaynerchuk: "The root cause of burnout often lies in the lack of understanding WHY you're doing WHAT you're doing.
Are you doing it for affirmation, money, or fame?"
📢 China's public spending on scientific research is now above America's
• Chinese researchers focus mostly on applied fields, whereas US still leads on basic research • Beijing has precise priorities: AI, quantum, chips, neuroscience, genetics, biotech, deep space/oceans Source: Agathe Demarais, OECD
BREAKING: Nancy Pelosi has sold her Tesla, $TSLA, position worth ~$500,000.
She has also purchased an addition $1.2 million of Nvidia, $NVDA, and $5 million of Broadcom, $AVGO. Nancy Pelosi made millions buying nvidia, $NVDA, over the last two years. It appears that she is now doubling down on semiconductors stocks. Are chip stocks setting up for favorable legislation and/or US support ⁉ Source: The Kobeissi Letter
UK election
Source: No Context Brits on X
What is the link between the Japanese index Topix and Taylor Swift?
Finally after 35 years Japan's Topix has topped its 1989 high, which on a completely unrelated note was hit a few days after the birth of Taylor Swift... Source: David Ingles, Bloomberg
Another new low for the Citigroup US surprises index on the back of poor macro numbers this week (ADP employment, ISM services, etc.)
Source: Bloomberg, Ronald-Peter Stoeferle, CMT, CFTe, MSTA
Here's the link to a great article from Sequoia which argues the tech industry needs $600B in AI revenue to justify the money spent on GPUs and data centers:
https://lnkd.in/exFU9Wdp Bottom-line >>> OpenAI is the biggest AI pure play and is at $3.4B annual run rate. This feels like a bubble unless products worth buying show up. Source: Sequoia, Dare Obasanjo @Carnage4Life
The last time the market was this lopsided, Lehman filed for bankruptcy
Source: www.zerohedge.com, Bloomberg
