The Next Big AI Stock

August 30, 2024 | [Read Online]( The Next Big AI Stock [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Elite%20Trade%20Club&body=The%20Next%20Big%20AI%20Stock%3A%20%0A%0Ahttps%3A%2F%2Felitetrade.club%2Fp%2Fnext-big-ai-stock) Good morning. It's August 30th, and today, we highlight how three tech giants might come together for OpenAI’s next round of funding while a little-known space startup is skyrocketing in premarket trade. Previous Close 📈 The drop in NVIDIA yesterday pressured both the S&P 500 and the Nasdaq Composite. The Dow Jones, however, stood out by gaining over 240 points. Futures S&P 500 futures are up 0.24% today as investors gear up for an important inflation report monitored by the Federal Reserve. Futures for the Nasdaq 100 are also up 0.43%, while those linked to the Dow Jones are flat. What to Watch After several days of hectic earnings activity, we enter the weekend on a comparative lull. Frontline (NYSE: FRO), JinkoSolar Holding Company Limited (NYSE:JKS), and UP Fintech Holding Limited (NASDAQ: TIGR) will release their quarterly earnings before the market opens. Watch out for the PCE Index for July at 8:30 a.m., followed by the Chicago Business Barometer (PMI) for August at 9:45 a.m. and the final Consumer Sentiment Index for August at 10:00 a.m. [The Next Big AI Stock]( The eCommerce revolution is just beginning, and [one small-cap NASDAQ company]( is leading the charge with cutting-edge AI. This isn’t your average stock—it’s the pioneer behind a technology that could transform online shopping as we know it. With a game-changing partnership in the Middle East and proprietary AI that outperforms the competition, this stock is catching the eyes of savvy investors. [Don’t miss your chance to explore what could be the next big winner in tech. Click to learn more now!]( Technology Apple, Microsoft, and NVIDIA Eye Stakes in OpenAI at $100B Valuation NVIDIA is reportedly in discussions to participate in OpenAI's latest funding round, which could value the AI startup at over $100 billion. Apple Inc. and Microsoft Corp. are also exploring participation in this funding round, which is expected to be led by Thrive Capital with a substantial $1 billion investment. OpenAI would secure backing from three of the most influential tech companies globally if these discussions progress. Microsoft already stands as OpenAI's largest investor, having injected around $13 billion into the company. NVIDIA, which dominates the market for AI accelerators essential for developing AI tools like ChatGPT, has seen surging demand for its products over the last two years. This interest comes amid increasing regulatory scrutiny over Big Tech's control in the AI sector. Both the EU and the U.S. have raised concerns about NVIDIA's dominance in AI chips and Microsoft's close integration of OpenAI services into its platforms. Meanwhile, Apple is also expanding its AI capabilities through its new Apple Intelligence suite. OpenAI's CFO, Sarah Friar, informed employees that the company is seeking additional funding to expand its computing resources and cover other operational expenses. This fundraising effort could further cement OpenAI's position as one of the most valuable venture-backed companies worldwide as the tech industry continues its aggressive push into AI. Technology Intel to Review Restructuring Options at Upcoming Board Meeting Intel is reportedly working with financial advisors, including Morgan Stanley, to explore strategic options to address its declining business performance. The advisors are expected to present a range of options to Intel's board of directors at a meeting scheduled for September. These options could include splitting off or selling certain business units. The move comes amid investor dissatisfaction with Intel's current trajectory, as the company's stock has plummeted nearly 60% this year. The company's declining stock price is primarily due to its losing ground to rivals like NVIDIA, whose graphics processing units (GPUs) are now central to artificial intelligence models. Intel CEO Pat Gelsinger acknowledged investor concerns during his appearance at Deutsche Bank’s Technology Conference, emphasizing the company's need to operate more efficiently and urgently. Despite announcing plans to launch its next laptop processor, Lunar Lake, and mentioning about a dozen potential customers for its foundry business, Intel's recent strategic moves, including the announcement of 15,000 job cuts to reduce expenses, have done little to appease investors. Retail Dell Tops Q2 Estimates as AI Server Sales Skyrocket Dell Technologies reported strong fiscal second-quarter results, exceeding Wall Street expectations due to a significant surge in server sales driven by AI demand. Shares of the tech firm are up by more than 5% in premarket trade. The company’s revenue rose to $25.06 billion, surpassing the anticipated $24.53 billion, while adjusted earnings per share reached $1.89, beating the expected $1.71. Net income also saw a substantial jump of 85% to $841 million compared to $455 million a year earlier. Dell has emerged as a key player in AI infrastructure, particularly with servers based on NVIDIA chips, as demand from cloud providers escalates. The Infrastructure Solutions Group (ISG), which includes servers and data center systems, grew 38% to $11.65 billion in revenue, outperforming expectations. Within ISG, the Servers and Networking segment posted an 80% increase in sales to $7.76 billion, far exceeding forecasts. AI server sales alone contributed $3.1 billion, up from $1.7 billion in the prior quarter. Despite strong server sales, Dell’s storage revenue within ISG fell 5% to $4 billion, and its Client Solutions Group, focused on PCs and laptops, saw a 4% decline in revenue to $12.41 billion. Dell raised its full-year revenue guidance slightly and spent $1 billion on share repurchases and dividends, reflecting confidence in its ongoing AI-driven growth strategy. [Spot the Next Market Giants Before They Break Out]( Seize the chance to identify 7 emerging stocks that could outpace even the biggest names like Tesla and NVIDIA. These opportunities are still flying under the radar, but not for long. Get in before the crowd does. [Download Your Insider Report Now]( (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) Movers and Shakers Brenmiller Energy Ltd [BNRG] - Last Close: $0.65 Brenmiller Energy Ltd is rallying by over 120% in premarket trading. The company reported a year-over-year increase in its first-half EPS and revealed a project pipeline valued at up to $500 million. The company also entered a $1.05 million private placement at a 52% premium to market with an option for further investment. The company is expanding its bGen™ technology to new applications like cooling AI data centers. Key projects include a 12-year Heat as a Service (HaaS) contract with Partner in Pet Food, a $3.55-million clean heat supply agreement with Wolfson Hospital, and a distribution partnership in North America. My Take: Ancillary industries linked to data centers have a high potential of growing given the tremendous demand for them. Keep this stock on your radar. Emergent BioSolutions Inc. [EBS] - Last Close: $8.91 Emergent BioSolutions shares are up over 16% in premarket trading. The firm announced yesterday that the FDA had approved the expanded use of its ACAM2000 smallpox vaccine for individuals at high risk of pox infection. The move comes amid the WHO's recent declaration of mpox as a public health emergency in Africa. Originally approved in 2007 for smallpox, ACAM2000 is a single-dose live vaccine. Emergent has also pledged to donate 50,000 doses of ACAM2000 to several African countries, including the Democratic Republic of the Congo, to help combat the mpox outbreak. My Take: With mpox spreading quickly, any firm that is producing an FDA-approved vaccine for the disease is a good bet. Keep a close watch on this stock. Intuitive Machines, Inc. [LUNR] - Last Close: $4.82 Intuitive Machines is up by more than 20% so far today. The space exploration company that went public last year has been awarded a $116.9-million contract by NASA to deliver a lander to the lunar south pole in 2027. This contract marks the company's fourth under NASA's Commercial Lunar Payload Services (CLPS) program, which supports lunar exploration by delivering payloads and conducting research. The mission will carry six NASA payloads and offer additional capacity for commercial customers. My Take: Exploration of the moon’s lunar south pole is the next frontier. Keep your eye on this stock for the long term. [This AI Stock Could Be the Next Big Thing in eCommerce]( A [small-cap NASDAQ stock]( is making waves with its revolutionary AI platform, poised to change the future of online retail. With proprietary technology and high-profile global partnerships, this company is more than just another tech player—it’s potentially the next big thing in eCommerce. Investors are taking notice, and you should too. [Don’t miss out on this opportunity. Click here to discover how this stock could reshape the eCommerce landscape!]( Everything Else - [Disney's]( hunt for a new CEO gains momentum as Iger prepares to step down in 2026. - Concerns grow in crypto markets as potential [Bitcoin]( sell-offs by large holders weigh on prices. - [Disney and DirecTV]( negotiations intensify amid shifting sports streaming landscapes and antitrust concerns. - [Delivery Hero's]( Middle East spin-off plan sends shares up 10% as the company prepares for its Talabat IPO. - [Germany's]( inflation hit a three-year low in August, boosting prospects for an ECB rate reduction. - [Musk]( has challenged a Brazilian judge as X faces suspension and a financial freeze amid its legal battle. - Limited supply and the Fed's anticipated rate cuts will support modest growth in [U.S. home prices](, says a Reuters poll. That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. Best Regards, — Adam Garcia Elite Trade Club [Click here]( to get our daily newsletter straight to your cell for free. P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America [Terms of Service](