In today’s briefing:
- Ohayo Japan | All-Time Highs
- Apple Intelligence, Powered By ChatGPT. Genius Move Or Desperate Gamble?
- GEMWeekly (5 Jul 2024): EU Tariffs on Chinese Online Goods; China Macro; Samsung, Reliance, PDD
Ohayo Japan | All-Time Highs
- US stocks surged to all-time highs on Friday, buoyed by the June jobs report which may prompt the Federal Reserve to consider a rate cut.
- Japan’s Government Pension Investment Fund (GPIF) reported record gains of ¥45.4 trillion ($282 billion) for the fiscal year ending March
- Honda and Sony will use a shared platform for their electric vehicles (EVs) to cut development costs
Apple Intelligence, Powered By ChatGPT. Genius Move Or Desperate Gamble?
- Since Microsoft’s association with ChatGPT has become common knowledge, it’s share price has doubled
- Since rumours of an impending partnership with OpenAI first emerged, Apple share price is up 37%
- The extraordinary valuations of Microsoft & Apple were driven by association with ChatGPT. Revenue growth to justify those valuations must now depend on ChatGPT. Let’s see how that works out.
GEMWeekly (5 Jul 2024): EU Tariffs on Chinese Online Goods; China Macro; Samsung, Reliance, PDD
- The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: Chinese PMI data, South Korean inflation and GDP growth expectations.
- Companies mentioned:PDD Holdings (PDD US), Alibaba Group Holding (9988 HK), Samsung Electronics (005930 KS), Reliance Industries (RIL IN)
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