Nvidia climbed 26% post earnings, the tech sector is over 30% higher on the year, tech companies and building their own chips with US chipmakers, and AI is being talked about as a platform shift. It is clear the game is changing, but how?
On this week’s episode Tom, Jacob, and Dan talk about the change in AI, Microsoft’s Build conference, Nvidia’s stellar day, Apple’s lag and chip deal with Broadcom, Q1 earnings by the numbers, and how the rule of 72 needs to be understood by investors.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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What Went On
Earnings by the numbers (https://insight.factset.com/earnings-insight-infographic-q1-2023-by-the-numbers)
Nvidia spikes 26% after stellar earnings guidance (https://www.cnbc.com/2023/05/24/nvidia-nvda-earnings-report-q1-2024.html); can big tech continue this rally (https://www.capitalgroup.com/advisor/insights/articles/big-tech-turnaround-can-it-continue.html)
The AI platform shift (https://stratechery.com/2023/windows-and-the-ai-platform-shift/)
Apple strikes a multibillion dollar deal (https://www.wsj.com/articles/apple-strikes-multibillion-dollar-supply-deal-with-broadcom-58c0c7e7) with Broadcom, seems like semi deals are happening left and right
Share buybacks are booming (https://www.wsj.com/articles/share-buybacks-continue-at-torrid-pace-while-investors-sit-on-sidelines-4c1b4e59?st=ordjvqf4gqnuu1g&reflink=desktopwebshare_permalink) as investors have been trimmed stocks
Don’t underestimate the US consumer (https://www.tker.co/p/consumer-spending-resilient-finances-strong)
Quote of the Week
“We say ‘no’ to almost everything” - Eddy Cue of Apple on their success.
