Ryan Stancil,
Editor
Oct. 12, 2024
Since last week: Bank earnings turned around a lagging market that had not taken news about the CPI well.
1. AMD’s New AI Chip
AMD’s rivalry with Nvidia continues. The company announced a new AI chip this week, the Instinct MI325X, with the aim of putting pricing pressure on Nvidia. This shows just how competitive the AI space is and serves as another example as to why there is a lot of money to be made in the sector. If AMD pulls this off and offers a viable alternative, Nvidia will have to fight that much harder to stay on top. But while that rivalry heats up, smaller AI firms are building themselves up to be the next buyout targets. Click here to learn about three companies doing just that and why they should be in your portfolio.
2. Big Tech’s Nuclear Plans
The fact that big tech companies are going all-in on nuclear power to meet their AI-related ambitions is basically mainstream news at this point. It’s just bringing more attention to the fact that we can’t ignore nuclear power, and investors who are positioned correctly now will be the biggest winners. Click here to learn more about three uranium miners poised to make investors rich in this uranium boom.
Nvidia Going Down is a Blessing in Disguise For Tech Investors
When an industry leader is threatened, the ‘fight or flight’ instincts of its leadership kick in.
Big tech companies, like Nvidia, will take out their competitors or other small companies with patents on technologies that can give them an enhanced edge.
So while the early leaders of the AI boom have been tech behemoths like Nvidia and Microsoft… the next round of winners will be the smaller companies now working on specific AI applications.
We think these small companies will be the next to be acquired.
3. SUI Takes Off
Another little-known cryptocurrency has broken out. This one is called SUI and it has rocketed 100% in the last month. Plays like this come quickly in the crypto space, and investors who get in early enough can reap massive rewards. Chris Curl talks all about SUI in his most recent issue of Crypto Cycle and what he sees in the near-term for the market. Click here to learn more about his insights and how you can buy in.
4. A Western Coalition
A group of western countries are working together to support critical minerals projects. These nations will reveal a network of financing that will promote financing and cooperation in a bid to loosen China’s hold on the sector. The realization is setting in just how important these metals are and that China doesn’t have anyone’s best interest at heart. All of this is happening as many entries on this long list of metals become more important to the world at large. Click here to learn more about what some of these metals are and how you can benefit from this bull market as an investor.
What to Look For
Bank earnings may lend further credit to the idea that the soft landing has been achieved, thus keeping further rate cuts on track.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle