BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 45.33% for Week of September 05 2024

Market Wrap:

• Futures dip: Dow -30 pts, S&P and Nasdaq down 0.1% and 0.18%.

• Wednesday rebound: S&P +1.07%, Dow +0.31%, Nasdaq +2.17%.

• CPI data: core inflation rose, sparking concerns over a 50bps rate cut.

• Tech rally fueled late recovery.

• Today: PPI (+0.2% expected), jobless claims (225,000 forecast).

EARNINGS

Here’s what we’re watching this week:

• Thursday: Kroger (KR)

  • Adobe (ADBE) - earnings of $4.53 per share (+10.5% YoY) on revenue of $5.4B (+10.2% YoY)

Full earnings calendar here.

HEADLINES

OpenAI Fundraising Set to Vault Startup’s Valuation to $150 Billion

Surging Demand For Nvidia Blackwell Chips Sparks Customer Frustration

• Strong open eyed after US inflation see-saw (more)

• Core inflation picks up, damping odds of outsize Fed cut (more)

  • Here’s the inflation breakdown for August 2024 (more)

• Bond market’s bet on a half-point Fed cut this month is over (more)

• Bearish signals flash in risky parts of $9.5 Trillion ETF market (more)

• Mortgage rates hit lowest level since February 2023 (more)

• Blackstone's finance chief says US inflation is "at target" (more)

• TD Bank ordered to pay $28M by for misreporting consumer credit data (more)

• Atlanta Fed's Bostic violated trading rules, central bank watchdog says (more)

• Ex-Google exec said goal was to 'crush' competition, trial evidence shows (more)

• US closer to green lighting Nvidia chips for Saudi Arabia (more)

• Trump trades roiled after fiery debate (more)

• GameStop plunges as turnaround plans are not working (more)

• SB 1047 aims to regulate AI, and the AI industry is out to stop it (more)

A Message from Weiss Research

Nvidia's Quiet Trillion-Dollar Pivot

Nvidia and its powerful chips are the face of artificial intelligence.

But while everyone’s patting Nvidia on the back for record earnings…

It’s quietly moved on to the next phase of AI it plans to conquer…

Nvidia recently unveiled essential blueprints for this crucial $1 trillion pivot.

Click here now and find out about the three companies Nvidia absolutely needs to succeed in this vital new AI frontier.

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DEALFLOW

M+A | Investments

• Bahrain offloads stake in key Saudi oil pipeline to BlackRock (more)

• ADNOC expected to make formal offer for Covestro of about $15.9B (more)

• Hewlett Packard sounds out investors for $9.5B debt deal (more)

• 23andMe CEO Wojcicki open to third-party takeover proposals (more)

• UniCredit CEO approaches Commerzbank to explore merger talks (more)

• Chicory, an end-to-end contextual commerce media platform, received a growth investment from SEVA (more)

• SiLC Technologies, an AI-based machine vision company, received an investment from Honda (more)

• Remedium Bio, a biotech company developing treatments for large unmet clinical needs, received an investment from LifeSpan Vision Ventures (more)

• Emtech, a fintech company that provides software-as-a-service platforms, received an investment from Accenture Ventures (more)

VC

• Forterra, a self-driving technology company, raised $75M in Series B funding (more)

• SpectraWAVE, Inc., a medical imaging company focused on patients with coronary artery disease, raised $50M in Series B funding (more)

• AttoTude, a provider of interconnect tech for AI and hyperscale data center applications, raised $29M in Series A funding (more)

• Polly, a mortgage capital markets commercially scalable product and pricing engine, raised additional $25M in growth equity funding (more)

• Connectly, a company specializing in conversational commerce, raised $20M in Series B funding (more)

• Catalyst OrthoScience, a private medical tech company, raised $20M in equity and venture debt financing (more)

• Aifleet, a tech-driven trucking company, raised $17M in Series B funding (more)

• Protege, a platform for AI training data, raised $10M in Seed funding (more)

• Illuma Labs, voice authentication tech for banking contact centers, raised $9M in Series A funding (more)

• Cashmere, an AI-powered client acquisition platform for wealth management firms, raised $3.6M in Seed funding (more)

• Ren Systems, a relationship intelligence company, raised $3.5M in funding (more)

• Ammalgam, a decentralized lending exchange provider, raised $2.5M in funding (more)

• webAI, an AI dev platform providing enterprises with localized AI infrastructure, raised an additional undisclosed amount in funding (more)

• Alosant, a customer experience platform for master-planned communities, raised an undisclosed amount in Series A funding (more)

• Powerlytics, a data and predictive analytics provider, raised an undisclosed amount in funding (more)

CRYPTO

• Bitcoin slides, Yen gains as Trump-Harris debate disappoints markets (more)

• Caroline Ellison seeks to duck prison sentence for role in FTX collapse (more)

• Bitcoin mining difficulty hits record with pressure mounting on profit margins (more)

• Adam Neumann’s crypto comeback company is refunding investors (more)

BULLISH BITES

🔥 Next Big Wave: A massive $1 Trillion AI superproject is underway *

🎤 Sway: Taylor Swift brings 283 million fans to razor-thin 2024 election.

🚫 No Joke: Mark Zuckerberg says he’s done apologizing.

🚖 Futurism: Waymo robotaxis in Phoenix and San Francisco are recording 48% fewer crashes per mile than human drivers.

⚔️ Soulless: Disney is being sued for bringing a Star Wars actor back to life.

DAILY SHARE

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