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🚀 What’s Next in AI: $1 Trillion AI Pivot Lures New Names »

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 51.16% for Week of August 29 2024

Market Wrap:

• S&P futures flat; Nasdaq -0.2%, Dow -19 points.

• Nvidia drops 2% after DOJ subpoenas, following 9% dip.

• Markets hit: Dow -600+, S&P -2.1%, Nasdaq -3.3%.

• Sept. could be volatile; some see buying opportunities.

EARNINGS

Here are the earnings we’re watching this week:

• Wednesday: ChargePoint (CHPT), Hewlett Packard (HPE)

  • Dick's Sporting Goods (DKS) - earnings of $3.82 per share (+35.4% YoY), on $3.4B revenue (+6.3% YoY)

  • Dollar Tree (DLTR) - earnings of $1.04 per share (+14.3% YoY) on $7.5B revenue (+2.7%)

• Thursday: DocuSign (DOCU)

  •  Broadcom (AVGO) - earnings of $1.20 per share (+14.3% YoY) on $13.0B revenue (+46% YoY)

Full earnings calendar here.

HEADLINES

Nvidia’s $240 Billion Swoon Leads Rout in Semiconductor Stocks

A Conscious Uncoupling on Wall Street

• Major indexes drop on September worries, upcoming data (more)

• The jobs report is back as the king of all economic releases (more)

• Weak manufacturing measures raise specter of economic slowdown (more)

• US small business surges, sentiment improves (more)

• Nvidia gets DOJ subpoena as pressure ramps up (more)

• Congress sets first hearing on CrowdStrike outage (more)

• SEC: Six rating agencies to pay over $49M over recordkeeping failures (more)

• Oil plunges as rising supplies, tepid demand intensify gloom (more)

• Nikkei plunges 4%, leading losses in Asia after Wall Street plummets (more)

• Firms pile into bond market in busiest day on record (more)

• Gasoline slumps to 3-yr low on end of driving season, oil slump (more)

• Citadel, Jane Street on track for record revenue haul (more)

• Trump Media stock slides under $18, a new low (more)

Nvidia Ex-Partners Soared up to 4,744%:
$1T AI Pivot Lures New Names

Nvidia's past collaborations have often benefitted both parties, with one rising as much as 4,744%. As Nvidia pivots to capitalize on a new $1 trillion opportunity in AI, fresh alliances are forming. Dr. Martin Weiss has pinpointed three silent partners that could play a crucial role in this phase of the AI boom.

Watch as Dr. Weiss unveils Nvidia's new partners in its game-changing $1T AI pivot »

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DEALFLOW

M+A | Investments

• Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race (more)

• Bain makes estimated $4.1B offer for Fuji Soft, topping KKR bid (more)

• Subway eyes $2.3B asset-backed debt sale (more)

• Codelco bids $500M for stake in key Chilean copper mine (more)

• Sixth Street buys TPG Partners’ stake at $10B value (more)

• Josh Harris’ 26North to buy ArchKey in first private equity deal (more)

• California-based Clearlake to buy Natixis' private credit unit (more)

• Formula 1 kicks off $850M loan sale for MotoGP deal (more)

• Redwire Corporation, a space infrastructure for space economy company, acquired Hera Systems, a spacecraft development company (more)

• T2S Solutions, product and solutions for US defense and intelligence missions, acquired Flexitech Aerospace, a radio-frequency engineering company (more)

• GSE Worldwide, a company specializing in athlete talent management and sports marketing partnerships, received a strategic investment from BC Partners Credit and Gatemore Capital Mgmt (more)

VC

• Circle Pharma, a clinical-stage biopharmaceutical company, raised $90M in Series D funding (more)

• Segmed, a provider of real-world imaging data for health innovation, raised $10.4M in Series A funding (more)

• Oxylus Energy, a developer of novel carbon utilization technology for the production of e-fuels, raised $4.5M in Seed funding (more)

• Blitzy, a GenAI company automating end-to-end custom software development, raised $4.4M in initial funding (more)

• Champion, a provider of an AI-powered customer advocacy platform, raised $3.3M in Seed funding (more)

CRYPTO

• Crypto Tuesday crumble sends Bitcoin below $58K, Ether to 7-month low (more)

• Record annual ETF cash haul within reach after sizzling August (more)

• Riot says stronghold acquisition by Bitfarms is ‘concerning’ (more)

BULLISH BITES

🤝 Revealed: Nvidia's new partners in its game-changing $1T AI pivot *

📊 Inside Look: These stocks typically have the best and worst Septembers.

🎲 High Stakes: NFL season expected to spur record $35 billion in legal sports wagers.

🇮🇹 Study Finds: For the price of a 500sq ft NYC apt, you could snag a sprawling villa in Calabria, Italy.

🥃 Collector: Macallan releases its oldest, rarest Scotch whisky yet for $190,000 a bottle

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