Techonomy Barista
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🗞️ Vanguard says nay, BlackRock says yay

🗞️ Vanguard says nay, BlackRock says yay

Nvidia stock is the most important in the S&P

Techonomy Barista
August 28, 2024

G’day! It's time to down some shots of Tech and the Economy, with a dash of sarcasm to keep you awake. 😉

First, some good news that the US consumer confidence in the economy (what we spoke about yesterday) rose to a score 103.3 versus the expectation of 100.7 — this doesn’t mean people will start spending immediately but they’re confident in the future of the economy. Good signs for 🇺🇸 but it’s not over yet.

A humanoid holds an Nvidia H200 chip before Q2 earnings.

Nvidia's earnings today: 🚀 or 💥?
Vanguard tempers expectations from AI investments.
OpenAI unveils ‘Strawberry’ to the Feds 🍓.
BlackRock: 🚦Slowdown ahead.
Thailand's unwanted glow-up: Mpox (next epidemic?😱)
Looks like Super Micro just got served.
Kelce-Swift love story: Taylor-made gamble? 🎙️💘

1. Nvidia’s earnings today: can it continue its dominance?

Source: Bloomberg.

The Pressure’s On: Nvidia’s earnings today are critical, with the company now driving the S&P 500. Can they keep up with demand? 📉
Monopoly for Now, But for How Long? Nvidia’s dominance in AI chips is impressive but challengers like Cerebras, d-Matri and Groq are trying to break its grip. ✊
Production Woes: Rumors of delays with Nvidia’s next-gen chips could be a big problem, especially with massive orders from tech giants like Google. 🛠️🖥️
Optimism and Risks: Despite sky-high expectations, any slip could trigger a market selloff. Fingers crossed! 🤞📊

2. Vanguard tempers expectations from AI investments to push S&P higher.

Source: Vanguard; Techonomy Barista analysis.

The S&P 500 is more inflated than your uncle's ego at a family BBQ - we're talking 32%! Time to stick a pin in that bubble? 💥
Corporate earnings need to go to the moon (40% annual growth) to justify current valuations. Spoiler alert: Even electricity couldn't spark that kind of surge. Sorry, Tesla! ⚡️
AI, the supposed savior that's more overhyped than a boy band reunion tour will not be able to pull it off, per Vanguard Chief Economist Joe Davis.
The 1 trillion AI investment everyone's drooling over? It's about as likely as your cat learning to speak French. Oui oui, indeed! 🐱🇫🇷
Plot twist: The real villain isn't AI disappointment, it's the aging population taxing government funds and putting more pressure on economic growth.

3. OpenAI shows ‘Strawberry’ to the Feds and to develop its next model Orion.

*Estimated spending of OpenAI’s competitors based on security filings.
Source: The Information.

OpenAI’s cooking up a new AI model called "Strawberry"🍓(because why not?), aiming to solve math problems like a nerdy superhero and maybe even save the world (or at least your math homework).
They’re showing off their fancy new toy to the government🕵️‍♂️. Maybe it’s Altman’s way to show he is indeed concerned with safety!
Strawberry is set to power up the upcoming Orion model, making GPT-4 look like yesterday's news. If all goes well, this tech wizardry might hit your screen this fall.
Meanwhile, OpenAI is trying to scrape together more cash as their rivals close in, because, well, AI supremacy ain’t cheap! 💸

4. BlackRock sees slowdown but not a recession.

BlackRock betting on Japan and US.
Source: Techonomy Barista analysis.

BlackRock says the economy's not crashing, it's just on a diet! Slower, but still strutting its stuff. Who knew Wall Street could be so... optimistic? 🤨
💻 Tech earnings are partying like it's 1999! While the rest of the market's doing the corporate equivalent of a slow clap. 👏💤
Jobless claims and economic data are playing hard to get. They're flirting with a slowdown, but not ready to commit to a full-blown recession. Talk about mixed signals!
BlackRock's advice? Don't chicken out, double down! They're betting big on Japan, the U.S., and AI. Because nothing says "responsible investing" like going all-in on robots.* 🤖💸

*This is in contrast to Vanguard’s Chief Economist in news item 2, so be careful with your money, folks!

5. Thailand's unwanted glow-up: Mpox just dropped its hardcore remix😱.

Source: Global Times.

Thailand just caught the spicy new version of mpox. It's like the virus got an upgrade nobody asked for 😷.
This Clade Ib strain is the party crasher of viruses - it's ditching the old transmission playbook and going viral IRL.
Kids are now in the danger zone. Their immune systems are basically noobs in this game.
WHO's freaking out so hard, they hit the "public health emergency" button. Twice. Talk about déjà vu.
Vaccine makers need to level up production ASAP. It's time to share those jabs like you'd share your last fry.

Bottom line: This mpox remix is no joke. Stay safe out there, and maybe don't pet any suspicious animals for a while, mkay?

6. Looks like Super Micro just got served a spicy short seller 🥵📉special.

Source: Tradingview.

Super Micro's stock just did the limbo - how low can it go after some short-seller shade? 📉
AI server supplier? More like AI drama supplier right now.
Short sellers are basically the party poopers of Wall Street, and they just crashed Super Micro's bash.
Investors be like: "New phone, who dis?" to their Super Micro shares.
Plot twist: Is this the tech world's version of "The server strikes back", or just another day in the AI rollercoaster?

Remember kids, the stock market's wilder than your TikTok FYP. One minute you're up, next minute some short sellers got you looking shorter than that one traffic light in your town.

7. Amazon's $100M bet on Kelce-Swift love story: podcast deal or Taylor-made gamble? 🎙️💘

Source: Google.

Amazon's throwing $100 mil at the Kelce bros' podcast? Sounds like they're betting on the Taylor Swift effect harder than teens bet on concert tickets 🎤.
It's like Amazon's playing fantasy football, but with podcasts. Travis and Taylor are the power couple pick.
Big Media's new game plan: Forget exclusivity, we want those sweet, sweet ad dollars💰️. It's like they're sliding into every platform's DMs.
Spotify's exclusive podcast strategy? That's so last season. Now it's all about being the popular kid at every party.
If media execs are thinking people will like ads, they’re more delusional than thinking you'll get front row seats at a Tay Tay concert!