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In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
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The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
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Technology and innovation are the backbone of the global economy and the U.S. stock market. While there are times when commodity stocks, old economy companies, and value-oriented stocks can outperform, history teaches us that the most robust gains come from disruptive companies within the technology sector. For example, Meta Platforms (META) unique social media platforms caught fire in the 2000s and led to breathtaking profits for investors. Though Alphabet (GOOGL) was not first in the search engine arena, the company mastered search and later video with its YouTube platform. Jeff Bezos proved that e-commerce could be scaled through Amazon (AMZN).
It would take years for me to list even a portion of America’s success stories. The good news for investors who missed these moves is that the wheels of America’s top tech innovators are constantly turning. As investors, our job is to identify megatrends, uncover the top innovators, and ride the trends as long as possible. Below are my top two megatrends to watch over the next decade:
Space Stocks
Technological advancements (such as rocket reusability), efficiency gains, and the evolution of public-private partnerships are rapidly transforming the space industry from pipedream to reality. Though getting to this level has been a long and frustrating road, the “final frontier” promises fruitful rewards for successful space companies. McKinsey estimates that “the global space economy will be worth $1.8 trillion by 2035, up from $630 billion in 2023.”
Space Industry: Satellites and Defense
While accessibility to space has increased dramatically, profitability is still mainly prevalent in two areas: satellites and defense.
· Satellites: Intuitive Machines (LUNR) rocketed more than 50% today after NASA awarded the company a deal valued up to $4.82 billion to provide satellites to NASA’s Artemis program. Meanwhile, AST SpaceMobile (ASTS), a company building a space-based cellular broadband network, is up nearly 500% year-to-date.
· Defense: U.S. defense spending jumped from $320 billion in 2000 to over $800 billion in 2024.The trend of higher defense spending is highly unlikely to subside, especially as the world’s superpowers jockey for dominance in space. As a result, defense contractors like Lockheed Martin (LMT) should continue to benefit.
AI Stocks
Artificial intelligence has been discussed by technologists for decades. However, like the space industry, until recently, the AI industry was a pipedream. However, monumental breakthroughs in the semiconductor industry, mainly from Nvidia (NVDA), have led to new possibilities and a burgeoning mega trend. Below are three AI areas to watch:
· Chatbots: OpenAI made headlines recently as news fundraising talks could value the ChatGPT operator at a mind-boggling $150 billion. Though OpenAI and its largest investor Microsoft (MSFT), have to make strides in profitability, investors should not ignore the area industry that brought industry that brought AI to the public conscience.
· Data Center & Utilities: Large, energy-sucking data centers are required to build AI models that run large language models (LLMs). Names like Vertiv (VRT), which is a leader in AI infrastructure, and utilities likeVistra (VST) are “picks and shovels” to the upcoming AI gold rush.
· Robotaxis and Robots: Autonomous driving has already proven safer than today’s distracted human drivers. Tesla (TSLA) and other autonomous vehicle makers will make the roads safer and generate revenue by cutting out the need for human drivers in ridesharing services like Uber (UBER). Meanwhile, Tesla’s visionary CEO Elon Musk promises to unveil the Tesla Bot” robot in the coming years (the robot is already completing tasks for Tesla). With labor costs increasing, robots could be a way for companies to cut costs.
Bottom Line
Technological advances are at the heart of the most significant stock market advances. As the wheels of innovation continue to turn, investors should focus their research on burgeoning megatrends in AI and space over the next decade.
Zacks Investment Research
Nvidia Corp is considering acquiring the OctoAI startup for $165 million to boost its software and cloud computing services.
According to the Information, which cites shareholders’ messages, the startup sells software designed to enhance the efficiency of artificial intelligence models.
OctoAI raised $132 million from investors, including Tiger Global, which was valued at $900 million in 2021.
In March, OctoAI tapped Nvidia to usher in optimized generative AI models for enterprises.
OctoAI integrated NVIDIA NIM (which refers to inference microservices for accelerating the deployment of foundation models on any cloud or data center) into its generative AI platform to serve customer use cases, including language and image generation. Additionally, developers could experiment with inference-optimized models.
Nvidia is up 163% in the last 12 months, as its Graphics Processing Units (GPUs) remain indispensable to Big Techs like Microsoft Corp , Amazon.Com Inc , Google parent Alphabet Inc’s dream of accomplishing its AI ambitions.
Nvidia chief Jensen Huang voiced his conviction in the AI frenzy, expecting hyper-scale customers to produce $5 in rental revenue for every $1 spent on Nvidia’s infrastructure.
Some significant hyper-scaler collaborations by Nvidia include Amazon and Oracle Corp , which BofA Securities analyst Justin Post expects will unlock significant cloud opportunities.
Price Action: NVDA stock is up 1.02% to $116.77 at the last check on Wednesday.
Image via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
T-Mobile US, Inc. shares are trading lower on Wednesday.
The company has announced a partnership with NVIDIA Corporation , Ericsson , and Nokia Corporation to shape the future of mobile networks by placing AI at the forefront.
This collaboration will enhance the capabilities of radio access networks (RAN) in innovative ways to better serve customers.
“Just like T-Mobile led in 5G, we intend to lead in the next wave of network technology, for the benefit of our customers,” said Mike Sievert, CEO of T-Mobile.
By leveraging T-Mobile’s leadership in 5G, along with the expertise of NVIDIA, Ericsson, and Nokia in telecommunications solutions, the group, known as the founding members of the AI-RAN Alliance, is investing in an industry-first AI-RAN Innovation Center located in Bellevue, Washington.
“AI-RAN at T-Mobile will be all about unlocking the massive capacity and performance that customers increasingly demand from mobile networks,” the CEO said.
This center will focus on integrating RAN and AI advancements to create transformative network experiences for customers.
The CEO stated that the collaboration among T-Mobile, NVIDIA, Nokia, and Ericsson would shape the future of mobile networks in the 5G Advanced era and beyond, driving meaningful progress.
In a separate release, the company announced that it has inked a pact with OpenAI to revolutionize the customer experience and reset customer success benchmarks for companies worldwide. The two companies are custom-building the first intent-driven AI-decisioning platform of its kind, called IntentCX.
Price Action: TMUS shares are trading lower by 2.5% to $197.57 at last check Wednesday.
Photo by viewimage on Shutterstock
Read Next:
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Financial stocks were mixed in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both little changed.
The Philadelphia Housing Index shed 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally lower.
Bitcoin (BTC/USD) fell 1.6% to $59,897, and the yield for 10-year US Treasuries rose 3.5 basis points to 3.677%.
In economic news, the Federal Open Market Committee statement and Summary of Economic Projections are scheduled to be released at 2 pm ET, followed by Federal Reserve Chair Jerome Powell's press conference at 2:30 pm ET. According to data compiled by the CME Group from interest-rate traders, the probability of a 50 basis-point cut stood at 61% on Wednesday afternoon. The remaining 39% likelihood was a 25 basis-point drop.
In regulatory news, the US Securities and Exchange Commission approved rules that will permit thousands of stocks and exchange-traded funds to be quoted in half-penny increments, Bloomberg reported.
In corporate news, First Horizon's First Horizon Advisors agreed to pay a $325,000 fine to settle charges by the US Securities and Exchange Commission over alleged failures to maintain and enforce policies to comply with Regulation Best Interest requirements, the regulator said. First Horizon shares fell 0.5%.
BlackRock , its Global Infrastructure Partners unit, Microsoft and MGX said they are creating a global artificial intelligence infrastructure partnership to invest in data centers and energy projects to address the increasing demand. BlackRock shares rose 1.4%.
GCM Grosvenor shares were shedding 0.3%. The company and CION Investments have launched a partnership to improve individual investors' access to private market assets via financial advisors.
Consumer stocks rose Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) increasing 0.2%.
In corporate news, General Mills' fiscal Q3 results declined less than market expectations, while the Cheerios maker reiterated its full-year outlook. The shares rose 1.3%.
Rogers Communications agreed to buy BCE's 37.5% stake in Maple Leaf Sports & Entertainment for $4.7 billion Canadian dollars ($3.48 billion). Rogers shares fell 1.6% and BCE gained 2.9%.
Amazon.com is boosting hourly wages for warehouse workers by at least $1.50 as part of a $2.2 billion package for total pay increases. The stock eased 0.1%.
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