Day: August 1, 2024

The Kobeissi Letter: What just happened to Nvidia?

Yesterday, Nvidia, $NVDA, broke the all time record for most market cap added by a stock in a single day, adding +$330 billion. Today, the stock has erased ~$270 billion of market cap since its high seen this morning. That’s a $600 BILLION swing in market cap in just 2 trading days. The 3rd largest public company in the world is officially trading like a meme stock. What is happening here? submitted by /u/XGramatik [link] [comments]

The earnings: Amazon + 4,5% & Intel – 12,9%

AMAZON: Shares -4.5% on the earnings – AMAZON SEES 3Q OPER INCOME $11.5B TO $15.0B, EST. $15.66B – AMAZON SEES 3Q NET SALES $154.0B TO $158.5B, EST. $158.43B – AMAZON SEES 3Q OPER INCOME $11.5B TO $15.0B, EST. $15.66B INTEL: Shares -12.9% after hours on the guidance – INTEL SEES 3Q REV. $12.5B TO $13.5B, EST. $14.38B – INTEL ANNOUNCES $10B COST REDUCTION PLAN submitted by /u/XGramatik [link] [comments]

Amazon

submitted by /u/XGramatik [link] [comments]

Listings for pairs of Donald Trump’s limited-edition orange Bitcoin-themed sneakers have already made their way onto eBay, with scalpers hoping to sell their spot in the pre-order queue for as much as $2,500.

https://preview.redd.it/1dgxwg6zg2gd1.png?width=1632&format=png&auto=webp&s=fc04833d51339965060794d005f9ee67ec3dfc22 At the time of writing, there are 12 listings on eBay for the ‘Bitcoin orange’ colored high-tops. Prices start as low as $700 via a live auction but range as high as $2,500 with a “or best offer” condition. One offer jokingly set a price of $69,999. submitted by /u/Lor1al [link] [comments]

Know-It-All? Welcome to the Club!

If something is impossible to know, it is more useful to be a little dumber, because intelligent people can fool themselves. How? Believing that they know something. The average person will simply say “I don’t know what the hell this is” and they will be right. Well, in the sense that it will be much closer to reality. So just say those words “I don’t know” more often. And you will very often be right. Much better than joining the Dunning-Kruger Club. Let me remind you of the first rule of that club: you don’t know you’ve become a member. submitted by /u/FXgram_ [link] [comments]

The biggest investors of AI globally.

26 tech companies and their biggest investments/acquisitions into the AI space. $ORCL – Acquired ML platform Nor1 (Undisclosed) / Acquired cloud-based AI data engine DataFox (Undisclosed) / Invested $270 million into Cohere / Also Acquired Newmetrix/Vinnie (Undisclosed) $IBM – Acquired Databand AI for $150 million / Acquired application provider Instana (Undisclosed) / Acquired Turbonomic’s for $1.5 billion / Acquired software company Apptio for $4.6 billion $INTC – Acquired machine learning automotive operator Mobileye for $15.3 billion / To optimize high workloads they acquired Granulate Cloud Solutions for $650 million $NOW – Acquired Parlo, Element AI, as well as chatbot specialist Passage AI / Acquired G2K for $500 million $CSCO – Acquired BabbleLabs, Voicea, and Accompany (All Undisclosed) / Also bought Generative AI company Armorblox (Also Undisclosed) $META – Acquired Scape Technologies (Undisclosed likely ~$40 million) / Acquired Atlas ML (Undisclosed) / Acquired synthetic data startup AI.Reverie (Also Undisclosed) $MSFT – Invested $10 billion into OpenAI / Acquired Healthcare AI startup Nuance for $19.7 billion / Acquired Drawbridge (Via Linkedin) and Bonsai (Both Undisclosed) $ACN – Acquired Japanese data science company Albert (Undisclosed) / Acquired machine learning company Tenbu for $200 million / Acquired AWS Premier Partner Nextira (Undisclosed) / Acquired Bengali industrial AI company Flutura (Undisclosed) $AAPL – Acquired Xnor AI for $200 million / Acquired video-analyzer Vilynx (Undisclosed) / Acquired Laserlike ‘to make Siri smarter’ (Undisclosed) / Acquired video compression startup WaveOne (Undisclosed) $NVDA – Acquired workload-management startup Run AI for $700 million / Invested $1.5 billion into UAE AI startup G42 / Many more huge portfolio! $SAP – Acquired WalkMe for $1.5 billion all cash / Invests over $1 billion into AI focused venture fund Aleph Alpha $TCEHY – Invested in AI chip startup Enflame (Undisclosed) / Acquired Chinese AI video creator Zenvideo (Undisclosed) / Participated in $300 million round for RaysightMed / Many more huge portfolio! $BIDU – Launched a $145 million AI-focused venture capital fund / Acquired 91Wireless for $1.9 billion $BABA – Invested $800 million into Moonshot AI / Invested $200 million into 01AI / Invested $600 million into Chinese AI startup MiniMax $CRM – Launched a $500 million AI fund / Invested $200 million into Hugging Face / Invested $400 million into Anthropic / $100 million into Typeface / $50 million into Sylvera / Many more! $ADBE – Acquired Figma for $20 billion / Acquired Indian GenAI startup Rephrase AI (Undisclosed) $AMD – Acquired Europe’s largest private AI lab Silo AI for $665 million to compete with $NVDA $TSLA – Acquired machine learning startup DeepScale for about $100 million / Acquired Maxwell Technologies for $207 million / Acquired Grohmann Engineering for $135.3 million $SSNLF – Acquired Sonio for $92 million / They have invested billions into developing their own GenAI products for the Fold 6 $UBER – Acquired Mighty AI (Undisclosed) / Acquired NewYork based startup Geometric Intelligence to boost the self-driving car project (Undisclosed) $SQ – Acquired conversational AI startup Eloquent Labs and AI integration platform Multiwoven (Both Undisclosed) $PYPL – Created PayPal Ventures AI Fund (Undisclosed amount invested) $SNAP – Acquired Ariel AI to boost their augmented reality initiatives (Undisclosed) $SHOP – Invested $100 million into marketing AI startup Klaviyo / Invested in US based Crossing Minds $ZM – Invested in Observe AI ($100 million round) and Anthropic (Both Undisclosed) $AMZN – Invested $4 billion into Anthropic / Many more huge portfolio! submitted by /u/Ankle_be [link] [comments]