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
A headline from 1966.
Some school teachers are now protesting against the use of AI... Human being always struggle with innovation. Source: Jon Erlichman on X
Qualcomm wants to buy Intel. Would that be enough to overtake Nvidia?
Source: FastCompany
Anthropic, OpenAI’s largest startup competitor, has started talking to investors about raising capital in a deal that could value the startup at $30 billion to $40 billion
roughly doubling its valuation from a funding that closed early this year, according to an existing investor who spoke to company leaders. Source: www.theinformation.com https://lnkd.in/eQ9ZKAFC
BlackRock is preparing to launch a more than $30bn artificial intelligence investment fund
With technology giant Microsoft to build data centres and energy projects to meet growing demands stemming from AI, people briefed about the matter said https://on.ft.com/3Bh2aGG Source: FT
BofA: “today the average EPS growth rate among AI ETF constituents has fallen from 18% to just 5%, below the S&P 500.”
Source: Mike Zaccardi, CFA, CMT @MikeZaccardi via @dailychartbook
The old playbook is back thus far this week. Semis and AI leading back bid, growth outperforming.
Source: RBC, Bloomberg
BofA: AI may drive margin expansion for 23 of 25 industry groups
Source: Mike Zaccardi, CFA, CMT, MBA
