💼 Chip wars

PLUS: OpenAI builds first chip -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 October 30, 2024 | [Listen Online]( | [Read Online]( Good morning. The Fast Five →[Â](OpenAI builds [first chip](, [AMD tumbles]( after chip growth fails to inspire investors, [Intel struggles]( to bounce back, [Alphabet]( beats estimates on Google cloud growth, and Reddit is profitable for the [first time ever](…  🚨 ['The Prophet': Fed could trigger rare stock event]( From Stansberry Research Calendar: (all times ET) - Full calendar [here]( - Today: GDP, 8:30 am - Tomorrow: PCE index, 8:30 am Initial jobless claims, 8:30 am Your 5-minute briefing for Wednesday, October 30: BEFORE THE OPEN As of market close 10/29/2024 Pre-Market: US Investor % Bullish Sentiment: ↓ 37.70% for Week of October 24 2024 Last week: 45.45%. Updates every Friday. Market Wrap: - S&P and Nasdaq futures +0.3%, Dow +64 pts ahead of big tech earnings, GDP data. - Tues recap: Nasdaq hits new high (+0.78%), S&P +0.16%, Dow -0.36%. - Alphabet beats estimates; shares jump 5% on strong cloud growth. - AMD falls 8% after hours on weak Q4 revenue guidance. - Meta, Microsoft report today; Apple, Amazon due tomorrow. - GDP forecast: 3.1% Q3 growth, inflation near Fed's 2% target. EARNINGS Here’s what we’re watching this week. - Today: AbbVie ([ABBV](), Coinbase ([COIN](), DoorDash ([DASH](), eBay ([EBAY](), Eli Lilly ([LLY](), Microsoft ([MSFT](), Roku ([ROKU](), Starbucks ([SBUX]() - [Meta (META)]( - earnings of $5.24 per share (+19.4% YoY), on $40.3B revenue (+18% YoY) - Thursday: Estee Lauder ([EL](), Intel ([INTC](), Peloton ([PTON]() Roblox ([RBLX](), Uber ([UBER]() - [Amazon (AMZN)]( - earnings of $1.14 per share (+21.3% YoY) on $157.2B revenue (+9.9% YoY) - [Apple (APPL)]( - earnings of $1.55 per share (+6.2% YoY) on $94.4B revenue (+5.5% YoY) - Friday: Wayfair ([W]() See full calendar [here](. HEADLINES [OpenAI Builds First Chip with Broadcom and TSMC]( OpenAI develops AI inference chip, drops foundry network plans. Broadcom helps OpenAI with chip design and securing TSMC for manufacturing. OpenAI diversifies chip supply by adding AI chips from AMD. [AMD Tumbles After AI Chip Growth Fails to Inspire Investors]( Company has been chasing Nvidia in the lucrative market. AMD’s gaming revenue also comes in below analysts’ estimates. - Nasdaq jumps to record close as major tech names rise ahead of earnings ([more]() - Consumer confidence surges as election nears, job openings move lower ([more]() - Oil prices settle down on report of talks to end Lebanon war ([more]() - China ‘does not accept’ the EU’s EV tariffs, negotiations still ongoing ([more]() - Three governors urge end to Boeing strike as suppliers suffer ([more]() - Alphabet beats sales estimates on Google cloud growth ([more]() - Reddit is profitable for the first time ever, with nearly 100M daily users ([more]() - Trump Media jumps again as traders bet on election ([more]() - Volkswagen profit plunges 42% in third quarter amid sweeping overhaul ([more]() - Intel set for big drop in quarterly revenue as it struggles to bounce back ([more]() - Samsung’s sudden $122B wipeout shows the cost of sleeping on AI ([more]() A MESSAGE FROM STANSBERRY RESEARCH CNBC's 'Prophet' Issues Important Fed Warning In March 2022, the Federal Reserve raised interest rates for the first time in five years. It triggered a brutal bear market that wiped out $9 trillion of American wealth... and slashed the average investor's portfolio nearly in half. Now, according to the man whom CNBC nicknamed 'The Prophet'... [The Fed's next move is about to have a similar ripple effect on ordinary folks across America.]( This event could dictate the next decade of every American's financial life, and it's critical that you take steps now to prepare. [Here's how.]( Kelly Brown Senior Researcher, Stansberry Research DEALFLOW M+A | Investments - Arctos in talks to buy minority stake in the NFL’s Buffalo Bills ([more]() - Siemens nears deal to buy software group Altair ([more]() - BlackRock in talks to buy private credit firm HPS ([more]() - Thryv Holdings, Inc., (THRY), a provider of SaaS solutions for SMB's, acquires Infusion Software, Inc. (Keap), customer relationship management and marketing automation for SMBs ([more]() - ntrax, a provider of cultural exchange programs, acquired Gap 360, a company specializing in gap year travel experiences for young adults ([more]() - WellSky, a health care tech company, acquired Bonafide, an enterprise software solution for durable and home medical equipment companies ([more]() - Carta, a software platform for private capital, acquired Tactyc, software bringing forecasting and planning to private funds ([more]() - Akeyless, a security company, received a strategic investment from Deutsche Bank's Corporate Venture Capital arm ([more]() - RiseNow, a boutique advisory and strategy firm focused on procurement and supply chain, received an investment from Achieve Partners ([more]() VC - Duetti, a music platform for catalog monetization for independent artists, raised $114M in funding ([more]() - DoorLoop, a property management software company, raised $100M in Series B funding ([more]() - GMI Cloud, an AI-native GPU cloud provider, raised $82M in total Series A funding ([more]() - Petfolk, veterinary and urgent care through network of "connected care" clinics, raised $36M in Series C funding ([more]() - Innoventric, a company specializing in transcatheter tricuspid regurgitation treatment, raised $28.5M in Series B funding ([more]() - Andium, a provider of remote-field monitoring and communications technologies, raised $21.7M in Series B funding ([more]() - Alimetry, a medical solutions company, raised US $18M in Series A2 funding ([more]() - Billd, a provider of financial solutions for commercial subcontractors, raised $17.5M in funding ([more]() - Brightwave, an AI financial research platform, raised $15M in Series A funding ([more]() - Cruisebound, a company providing digital cruise assistant services for first-time cruisers, raised $13M in funding ([more]() - Tilled, a startup that provides PayFac-as-a-Service solutions, raised $12.5M in funding ([more]() - Homee, an AI-driven direct repair network for the Property and Casualty insurance industry, raised $12M in Series C funding ([more]() - Table22, a provider of revenue-expanding e-commerce tools for merchants, raised $11M in Series A funding ([more]() - Matia, a data operations platform providing ingestion, reverse ETL, and catalog capabilities, raised $10.5M in funding ([more]() - Infinite Machine, a company building non-car vehicles, raised $9.3M in Seed funding ([more]() - CredibleMind, a mental wellbeing company, raised $7.5M in Series A funding ([more]() - Paterna BioSciences, a biotech company dedicated to solving male infertility, raised $6M in Seed funding ([more]() - Latii, a proptech startup for high-end dealers, architects, and homeowners, raised $5M in Seed funding ([more]() - RiPSIM, a software platform providing mobile network authentication credentials on demand, raised $5M in Seed funding ([more]() - HomeBoost, a home energy platform, raised $4M in Seed funding ([more]() CRYPTO - Bitcoin tops $73.5K, climbing just shy of new record high ([more]() - Crypto ghosted in US Treasury dept's new strategy on financial inclusion ([more]() - Dogecoin bets spike to $1.3B as Trump popularity sees DOGE rocket 15% ([more]() BULLISH BITES 🎁 For MB Readers: Download your complimentary 2024 Wealth Protection Guide (limited time) - [send my guide »]( * 🇺🇸 Early Birds: 50 million Americans have [already voted](. 📉 Inside Intel: CEO Pat Gelsinger [fumbled]( the revival of an American icon. 🍔 McDonald's 2024 combo: [Inflation](, a health crisis and a side of politics. 👻 "R.I.P. treatment": At this [haunted house]( in New York's TriBeCa, jump scares don't come cheap. [DAILY SHARES]( [tw profile: Jane] Jane @JaneOst_ [tw] the face when you're about to never set foot in an mlb ballpark ever again 12:26 AM • Oct 30, 2024 57.2K Likes 2.69K Retweets 265 Replies [tw profile: sophie] sophie @netcapgirl [tw] CTO listening to the CEO sell something they haven’t started building yet 10:30 PM • Oct 29, 2024 1.65K Likes 82 Retweets 28 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our sponsor Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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