Ryan Stancil,
Editor
July 13, 2024
Since last week: Recent numbers show inflation is cooling, which has more people talking about rate cuts.
1. AMD Buys Silo
AMD has long been a rival of Nvidia, and now it’s looking to challenge the tech giant in the AI race. It took a step forward in that plan by buying Silo AI, a Finnish startup, for $665 million. The acquisition will allow AMD to enhance its capabilities regarding model and software development, two areas where it will be able to directly compete with Nvidia. This just goes to show that mergers and acquisitions are one of the biggest trends in the AI race and there’s money to be made by investors if they buy into the right companies. Click here to learn about three takeout targets we’re watching that we think big tech is going to scoop up sooner than later.
2. Three Mile Island Returns
The name Three Mile Island is synonymous with nuclear power disaster thanks to the partial nuclear meltdown in 1979. But even with that infamy in mind, officials may be looking to restart one of the reactors at the site. The Pennsylvania governor’s office and officials from Constellation Energy Corp have reportedly been holding talks that would lead to the latter bringing the reactor back online. With nuclear power becoming more acceptable in the public eye, this isn’t something that’s out of the realm of possibility. If it happens, the energy company is going to need uranium to power the plant. Click here to learn about how you can profit from one company that may provide that energy source.
SERIOUS INVESTORS: Why You Should Consider Adding
Cryptocurrencies To Your Portfolio Today
Watch this 3-minute video now
3. Biden’s Battery Recycling
The Biden Administration has recently announced an increase of $14 million dedicated to consumer battery recycling. This move will help create a more sustainable battery supply chain domestically. Consumers will be given easier access to sites where they can recycle batteries and battery-containing products. This is just one part of the larger, ongoing agenda to build more robust domestic green energy infrastructure. It also shows why there will continue to be massive profit opportunities in the sector. Click here to learn more about how you can profit from one of those opportunities.
4. Gold Prices Inflate
With the CPI reigniting hopes of Fed rate cuts, gold prices climbed above $2,400. Treasury yields going down has always been good for the yellow metal, something gold investors have always known. This could be the beginning of gold moving to new all-time highs. If you want to take advantage of this and profit from new record highs in this resource, then click here to learn about one miner set to experience massive gains in a new gold bull market.
80% of the World’s Copper Was “Impossible” to Mine… Until Now
The majority of the world’s copper is trapped in low-grade waste rock. Billions of dollars of reserves are just sitting there — and for hundreds of years, traditional mining has considered it “impossible” to recover.
But technology is changing all of this. A powerful new “blue water” formula can pull the copper drip-by-drip out of the waste, unlocking billions’ worth of new copper. Traditional mining is falling behind… let me show you why “blue water” changes everything.
What to Look For
The next Fed meeting comes at the end of the month. It’s unlikely rates will change then, but expect talk about it to get louder.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle