Ryan Stancil,
Editor
June 22, 2024
Since last week: Nvidia briefly became the world’s most valuable company as the AI frenzy continues.
1. Economic Perception
On paper, the economy is healthy, but you would never know that by the way it’s being perceived by the average consumer. This kind of disconnect shows that the average person cares about far more than the standard indicators that are used to measure the health of the economy. As we continue navigating this strange and ever-changing macro picture, you can position your portfolio to be prepared for whatever is ahead. Click here to learn more about how to do that.
2. Gold Price Moves
Recent economic indicators have given something of a boost to the gold price. We continue to get back-and-forth data that both boosts and dashes hope as to whether or not the Fed will lower interest rates. In that kind of uncertainty anyone holding stocks related to gold has been enjoying the metal’s haven status. Click here for some insight on what you should be buying in that sector if you want to join them.
Can Nvidia Keep Climbing?
Nvidia is now valued at over $3.3 trillion, making it the world’s most valuable company.
Can they keep going — and is it too late to buy shares?
We tackle this question head on in our new issue of Digital Dispatch.
3. Claude 3.5
Anthropic, a direct competitor to OpenAI, announced Claude 3.5 Sonnet, the latest version of its chatbot that competes with ChatGPT. The company claims to have made improvements in the program's understanding of nuance and complexity. These chatbots are one part of the artificial intelligence arms race many of the big tech companies are participating in, showing just how much money there is to be made in the space. Click here to learn about up-and-coming AI companies that have the potential to make massive amounts of profit for their investors as buyout targets.
4. Solar and Big Tech
While there is a lot of talk about nuclear power being used to power AI-centric data centers, renewables like solar could be another viable option for power. It’s already a fast-growing means of creating green electricity, so big tech companies adopting it as a means to stay in the AI race could only be a matter of time. Click here to learn one company set to benefit from the surge of interest in green electricity.
What to Look For
Even though AI companies like Nvidia climbed, broader indexes suffered some volatility that could carry into next week.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle