Trends in reshoring, electrification and AI are propelling US investment renaissance
Source: BNP Paribas Asset Management
JPMorgan Unveils IndexGPT in Next Wall Street Bid to Tap AI Boom.
The bank is creating thematic investment baskets using GPT-4 model. Trademark for name was filed last year, stirring speculation A year after a wave of speculation broke out over its application to trademark the word “IndexGPT” in connection to an unspecified artificial intelligence-powered tool, JPMorgan Chase & Co. is finally unveiling the product that will bear the name. IndexGPT is a new range of thematic investment baskets created with the help of OpenAI’s GPT-4 model. The tool generates a list of keywords associated with a theme, which are then fed into a separate natural language processing model that scans news articles to identify companies involved in the space. In essence, it’s a largely automated way to create so-called thematic indexes, which identify investments based on emerging trends — think cloud computing, e-sports or cybersecurity — rather than on traditional industry sectors or company fundamentals. Source: Yahoo Finance, Bloomberg
Goldman Sachs is pounding the table on AI energy theme, and pitching uranium miner cameco ($CCJ) as top commodity idea for the space.
Source: www.zerohedge.com
AI Boom’s Secret Winners? The Companies Expected to Power It
The AI boom is set to drive a rally in what's traditionally the most boring corner of the stock market: utilities. Utilities to see booming demand as more data centers go online. Power consumption will increase massively. Goldman's Power Up basket has soared 28% and the Data Center Equipment basket is up more than 18%. Source: Blomberg, HolgerZ
Here’s a nice map on AI companies by modality
Source: @chiefAIoffice, Pitchbook
Bitcoin ‘halving’ will deal a $10bn blow to crypto miners.
Cryptocurrency’s update will slash new supply in late April. Competition for favourable electric rates is growing from AI firms. Some traders are thus betting that mining stocks will fall. Total short interest, dollar value of shares borrowed & sold by bearish traders, stood at ~$2bn. Source: HolgerZ, Bloomberg
Who would’ve thought a 2-century-old Japanese porcelain maker would benefit from AI?
Source: FT
Cocoa beans are the new AI. 🍫
Now up +161% YTD. Source: Trend Spider
