In today’s briefing:
- Ohayo Japan | S&P 500 and Nasdaq Hit New Highs
- Computex 2024 & The Drama Of The CoPilot+ PC Launch
- Thematic Report: Capex Fueling Economic Growth and Development
- #11 India Insight: GAIL 60000Cr Project, Paytm Layoff, Suzlon CG Issues, Axiscades Drone Order
- NVIDIA’s $3T Valuation: Absurd Or Not?
- #15Business Buzz: Noble Acquires Diamond Offshore, Southwest Stock Jumps, Europe Attracts Chinese EV
- Furniture/Furnishings Weekly – June 10, 2024
- The Highlights – Cannabis News for the Week Ending June 7, 2024
Ohayo Japan | S&P 500 and Nasdaq Hit New Highs
- Nvidia’s 0.8% rise, following its 10-for-1 stock split, and Meta Platforms’ nearly 2% jump propelled the S&P 500’s tech sector up by 0.3%
- At WWDC24, Apple unveiled major updates, including “Apple Intelligence” AI features across its devices, and integration of OpenAI’s ChatGPT with Siri.
- Hitachi Energy plans an additional $4.5 billion investment by 2027 to enhance its global manufacturing, R&D, and digital capabilities, doubling its recent three-year investments
Computex 2024 & The Drama Of The CoPilot+ PC Launch
- Intel, AMD & Qualcomm all lined up in support of Microsoft’s CoPilot+ PC program during the Computex 2024 keynotes last week.
- While Qualcomm is all in and AMD mostly too, Intel’s support is more passive agressive in nature. We outline how & why this is the case
- On Friday June 7, reacting to customer feedback, Microsoft announced that their CoPilot+ Recall feature will now become disabled out of the box by default. Ouch!
Thematic Report: Capex Fueling Economic Growth and Development
- Overall, the surge in CAPEX in India reflects a positive outlook for the economy, with investments in infrastructure and emerging sectors driving growth and innovation. come.
- The strong balance sheet of companies and healthy tax collections further support this trend, indicating a sustainable path towards economic development.
- As CAPEX continues to rise and investments in key sectors increase, India is poised for continued growth and prosperity in the years to
#11 India Insight: GAIL 60000Cr Project, Paytm Layoff, Suzlon CG Issues, Axiscades Drone Order
- Gail India (GAIL IN) to Invest Rs 60,000 Crore in Ethane Cracker Project in Madhya Pradesh.
- Suzlon Energy (SUEL IN) Director Resigns Citing Governance Concerns in his letter
- Masdar, JSW Energy Ltd (JSW IN), Torrent Power (TPW IN) , and More Eye Enel’s Indian Assets
NVIDIA’s $3T Valuation: Absurd Or Not?
- Much ado has been made about Nvidia’s valuation recently surpassing Apple’s, standing at a gobsmacking $3 trillion.
- For context, it would take you nearly 100,000 years to count to 1 trillion.
- But where there’s sky there’s limit, and NVDA is no exception. So the question begs: has NVDA’s valuation flown too close to the sun?
#15Business Buzz: Noble Acquires Diamond Offshore, Southwest Stock Jumps, Europe Attracts Chinese EV
- Noble expands fleet and operations, acquiring Diamond Offshore in major merger
- Southwest shares soar as Elliott Investment plans $2 billion recovery strategy
- Europe attracts Chinese EV makers with incentives despite looming EU tariffs
Furniture/Furnishings Weekly – June 10, 2024
- A rough week for smaller-cap stocks without AI exposure.
- The WTR Commercial/Contract Furniture Index (-6.9%), Residential Manufacturers & Suppliers Index (-1.4%), and Home Goods Retailers Index (-1.3%) underperformed the Dow (+1.2%), S&P 500 (+1.2%), and Mass Retailers Index (+1.9%), all of which benefited from the growing AI hype this week.
- This performance seems to be partly due to the overall weakness of small caps, with the Russell 2000 clocking in (-1.7%).
The Highlights – Cannabis News for the Week Ending June 7, 2024
- It was a lackluster week for cannabis stocks, with the US cannabis MSOS ETF sliding 3.87%, while the global YOLO dropped 4.27%.
- Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) was the only major MSO in the black, as investors were modestly encouraged by the Boston Beer Company (NASDAQ: SAM) conversation.
- Last Tuesday, we learned Green Thumb Founder, Chairman, and CEO Ben Kovler sent a letter to Boston Beer’s Founder and Chairman James Koch proposing a merger between the two companies.
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