Nvidia indicated that the latest round of China restrictions will not have a meaningful impact on its business
It’s possible that this is because China frontloaded its GPU orders earlier this year in anticipation of these restrictions. It’s also possible that any lost revenue from China will be made up for by tremendous revenue growth in developed markets. Guidance for the January quarter might be indicative here. Source: Morningstar
Microsoft announces custom AI chip that could compete with Nvidia
- Microsoft is introducing its first chip for AI, along with an Arm-based chip for general-purpose computing jobs. - Both will come to Microsoft’s Azure cloud, Microsoft said at its Ignite conference in Seattle. -mThe Graviton Arm chip that cloud leader Amazon Web Services introduced five years ago has gained broad adoption. Source: CNBC, Stocktwits
No buyers left? hedge fund net exposure to magnificent 7 was 12% at the start of the year. It is now 99%...
Source: Goldman Sachs, www.zerohedge.com
Tech relative to small caps JUST hit the highest level EVER seen This ratio is higher than even the peak of the Dot Com bubble
Source: Game of Trades
Interesting development which has been taking place recently with bitcoin rising despite Tech stocks losing ground
Source: J-C Parets
Some updates on Chatgpt by Linas Beliūnas
OpenAI just released two biggest updates to ChatGPT ever 😳
Nasdaq 100 dropped 1.9%, now down 11% from Jul high, so Big Tech now in correction territory
It looks like some P/E air is being let out of the Magnificent 7 bubble... Source: HolgerZ, Bloomberg
Interesting post on apple / google
By: Linus
