Chinese e-commerce giant $BABA Alibaba’s international arm launched an updated version of its artificial intelligence-powered translation tool
It says, is better than products offered by Google, DeepL and ChatGPT. 👉 The product supports 15 languages: Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Turkish and Ukrainian. 👉 “The idea is that we want this AI tool to help the bottom line of the merchants, because if the merchants are doing well, the platform will be doing well,” Kaifu Zhang, vice president of Alibaba International Digital Commerce Group and head of the business’ artificial intelligence initiative, said https://lnkd.in/eJrhxVrM Source: CNBC
LVMH Reaching Major Support Zone
LVMH (MC FP) has consolidated more than 35% since April 2023! The stock showed serious improvement in September with a Bullish Engulfing Pattern. Keep an eye on the major support zone between 535-573 for potential opportunities. Source: Bloomberg
JUST IN: Bitcoin $BTC will become as big as the entire U.S.
Housing Market says BlackRock $BLK CEO Larry Fink. For reference, Bitcoin's market size is currently $1.3 Trillion while the U.S. Housing Market is north of $50 Trillion. Source: Barchart
$NVDA notches record high, looks to unseat Apple as world's most valuable company:
1- Apple $3.517 Trillion; 2- Nvidia $3.387 Trillion Why is Nvdia stock still running? • $GOOGL ordered 400K GB200 chips valued at $10B • $MSFT purchased 60K GB200 chips worth $2B • $META acquired 360K GB200 chips for $8B. Demand for Nvidia's Blackwell chip is absolutely INSANE...
Washington Post: Israeli Prime Minister Benjamin Netanyahu has told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran.
Oil gaps down on the new 👇 Source: Markets & Mayhem
Google $GOOGL will back the construction of 7 small nuclear power reactors in the US, a first-of-its kind deal
Under the deal’s terms, Google committed to buying power generated by seven reactors to be built by nuclear-energy startup Kairos Power. The agreement targets adding 500 megawatts of nuclear power starting at the end of the decade (Source WSJ)
BREAKING: The equity put-to-call ratio has dropped to 0.44, the lowest since July 2023.
This is also the second-lowest level since March 2022. In other words, the appetite for hedging against a stock market decline is at its lowest in years. This is despite October being the worst month for stocks on average during Presidential Election years. Meanwhile. the SP500 has hit 45 all-time highs this year and is up 23% YTD. The resilience of this market is truly remarkable. Source: The Kobeissi Letter
Never bet against Nvidia???
The chip maker is riding an "insane" AI wave and hit a fresh ATH yesterday. Now worth ~$3.4tn, it has overtaken Microsoft again and is the 2nd largest company in the world in terms of market capitalization. Source: HolgerZ, Bloomberg
