👀 Nvidia's big reveal

Nvidia unveiled its latest chipmaking breakthrough | Japan turned its back on eight years of negative interest rates | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for March 20th in 3:12 minutes.   🌎 Climate change is a serious threat. But check out our [Layman's Guide To Climate Finance]( with CFA Institute, and find out how to turn it into a serious opportunity – for the planet and your portfolio. [Grab your free ticket]( Today's big stories - Nvidia unveiled its newest, smartest AI chip, a bid to keep Big Tech onside - Goldman reckons Nvidia is just the start of the AI stock frenzy – [Read Now]( - The Bank of Japan ended its negative interest rate policy, confident that the economy has finally found its footing Tough As Leather [Tough As Leather] What’s going on here? Nvidia [announced]( the next generation of AI chips on Monday, determined to become as ever-enduring and irreplaceable as a staple biker jacket. What does this mean? Nvidia’s success has put fire in the bellies of its rival chipmakers. So to stay as the plus-one of ambitious tech companies, the company's rolling out a souped-up version of its signature graphics processing chip – the type that Microsoft and Meta spend billions on. The new “Blackwell” chip is five times more powerful than the last version, which would let pioneering companies create bigger, smarter, more complicated AI systems. That should keep Nvidia hanging with Big Tech at the top of the stateside stock market. Only if the chipmaker can deliver, of course. Nvidia’s fallen behind on orders for its current bestseller, see, which might explain why the stock barely moved when initial word of the new chips spread. Why should I care? Zooming out: Codependency is unhealthy. Chipmaking competitors like Cerebras and Groq, along with stalwarts Intel and AMD, are all jostling for Nvidia’s business. So to keep Big Tech customers on its books, Nvidia needs to make sure that it’s making the most advanced chips on the market. That strategy has served it well so far. The chipmaker’s stock has blasted 1,900% higher in the last five years, making it the third-biggest public company in the US. The only hitch: Google, Amazon, and Microsoft currently crafting their own AI chips to become less dependent on outsiders. The bigger picture: Time for a backup plan. Nvidia’s all too aware that its you-scratch-my-back relationship with Big Tech could fall apart. That’s why the company’s exploring avenues usually left to sci-fi scriptwriters, like chips to power humanoid robots that mimic human expressions and movements. Remember, Nvidia’s pulled itself out of a ditch before, not least when demand for its chips was dragged down when the cryptocurrency mining sector tanked. You might also like: [Nvidia blew the doors off in 2023. Here's what next year might be like.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Tough As Leather&utm_campaign=daily-global-20-03-2024&utm_source=email) Analyst Take Nvidia’s Just The Start: Goldman Says The AI Boom Will Have Four Phases [Nvidia’s Just The Start: Goldman Says The AI Boom Will Have Four Phases]( By Russell Burns, Analyst [Nvidia’s]( been the poster child for the [AI investing frenzy](, rising 73% this year alone. But there’s a lot more to AI than this popular, green-logo [chipmaker](. [Goldman Sachs]( says the AI boom will unfold in four separate phases, and this stock is just chapter one. That’s today’s Insight: [the AI trade’s four phases – and the companies that are likely to win big in each](. [Read or listen to the Insight here]( SPONSORED BY CFA INSTITUTE Earn your digital certificate in digital assets [Decentralized finance]( is changing the asset management industry. [Cryptocurrencies](, and the blockchain technology that runs through them, are also profoundly changing the way we perceive transparency, ownership, and freedom when it comes to money. If you can’t keep up, you risk falling behind professionally, financially, and when your friends launch into the acronyms at the pub. So check out the [DeFi: Introduction to Blockchain and Cryptocurrency course]( from CFA Institute, work online at your own pace, and develop a comprehensive understanding of the digital scene. That includes the ins and outs of [blockchain tech](, the current applications and potential impacts of DeFi, [financial markets](, and the intersection of DeFi, traditional finance, and governance. [Get a real-life hold on the digital world with CFA Institute](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Vested Interest [Vested Interest] What’s going on here? The Bank of Japan (BoJ) finally [ended]( its eight-year run of negative interest rates. What does this mean? Japan’s economy has long suffered from deflation, or falling prices, which makes economic success something of a pipe dream. So the BoJ has held a key short-term interest rate in the negative since 2016, making it cheaper for folk to borrow and spend money. At long last, those years of bargain borrowing have sent prices in the right direction, with the central bank predicting that inflation will hover near its 2% target for some time. That’s why the BoJ just voted to bring that short-term interest rate up to a range of 0% to 0.1%, its first time in the green in nearly a decade. Why should I care? Zooming in: They’ll take it from here. The BoJ also said it’ll stop interfering with the stock market by buying exchange-traded funds and real estate investment trusts. Plus, it’s doing away with the existing “yield control” program, which capped long-term interest rates to support the economy. In other words, Japan’s loosening the reins. There’s a reason it’s trusting consumers to carry the economy now. Unions and companies representing seven million workers agreed to set wages 5.3% higher this March than last, the biggest upgrade since 1991. That’s more than double the 2.2% inflation rate, so shoppers should have plenty of cash to splash. For markets: Weaker yen, stronger markets. Japan’s new 0.1% interest rate pales in comparison to the US’s 5.25%. Plus, traders don’t expect Japan to bring that rate much higher anytime soon. So because lower interest rates make a currency less attractive to international investors, the Japanese yen lost value against the US dollar after the BoJ’s announcement. That said, a weaker yen bolsters the overseas profit of Japanese exporters like Toyota – and that’s sent the country’s stock market on a climb after the news broke. You might also like: [Warren Buffett loves Japan. Your portfolio might love it too.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Vested Interest&utm_campaign=daily-global-20-03-2024&utm_source=email) 💬 Quote of the day “The most courageous act is still to think for yourself. Aloud.” – Coco Chanel (a French fashion designer) [Tweet this]( "If a tree falls in a forest and no one is around to hear it, does it make a sound?" You're a brilliant business with great products. (We've taken the liberty of making an assumption.) Now you need to [find the right audience](, so you can really make a sound. Our one-million-strong international [financial community]( is on the lookout for any products and services that can help them make smarter decisions with confidence. That sounds like a perfect pairing to us. [Get in touch today](. [Get Your Name Out There]( 🎯 On Our Radar 1. Your real-life entry portal to the Dune universe. Explore the world of sand [somewhere between the movie theater and space](. 2. Governments are finding ways to make money from sustainability. You can [do the same](.* 3. Myth busted: all publicity is definitely not good publicity. Another pilot has [put Boeing on blast](. 4. AI might be savvy, but it's far from infallible. If you want to invest with the tech, [make sure you do it right](.** 5. Money can’t buy happiness. Cash can buy [a longer lifetime](, though. **See Streetbeat's [disclosures](. When you support our sponsors, you support us. Thanks for that. SPONSORED BY HEALTHWORDS.AI [HEALTHWORDS.AI]( When you support our sponsors, you support us. 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