🎲 Nvidia stayed on a roll

Nvidia's better-than-expected results, Europe's tech regulation tantrum, and dragons around the world | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for August 29th in 3:15 minutes.   5️⃣ Tips so efficient you can count 'em on your hand. Join us for [Five Top Tips Every Options Trader Should Know]( at 5pm on September 11th, and discover strategies you could keep at, ahem, hand. [Grab your free ticket]( Today's big stories - Nvidia rolled out better-than-expected results, but it was still tough to impress demanding investors - Four hot commodities and what you need to know if you’re investing – [Read Now]( - Europe’s tough rules have had some US tech giants take their toys and go home On A Roll [On A Roll] What’s going on here? Nvidia [beat]( sales and profit expectations for the seventh straight quarter. What does this mean? Nvidia’s stock had already risen 160% this year – and with the firm making up nearly 7% of the S&P 500 index, its performance would be noticed by the masses. Good thing, then, that the company made $30 billion in sales last quarter – up 122% from the same time last year, and better than the $28.7 billion that analysts had forecast. Profit came in better than expected, too, at $16.6 billion – 166% higher than this time last year. The all-star topped it off by bumping up its share buyback scheme by $50 billion and issuing higher-than-expected projections for this quarter. Thing is, investors hoped for so much that they initially sent the stock down a touch after the results. Why should I care? Zooming in: Tough crowd. Investors expect the very best from Nvidia, so even the tiniest slip can show up in its share price. Remember, rumors of a delay to the next-generation Blackwell chip dented the firm’s stock recently, although it didn’t take long for investors to get back on board. But at least the company’s four biggest customers are more reliable. Big spenders Microsoft, Meta, Alphabet, and Amazon make up more than 50% of Nvidia’s data center revenue. And better yet, those four companies plan to throw even more cash at AI for the rest of this year. The bigger picture: Imitation is the sincerest form of flattery. Nvidia might be the main firm churning out the super-advanced chips used for AI, but its runaway success isn’t exactly a secret. So, naturally, companies like Cerebras, d-Matrix, and Groq are focusing on cheaper, more specialized chips in an attempt to compete. Cerebras even claims that its solution is 20 times faster than Nvidia’s current crop of Hopper chips, and it sells for a fraction of the price. You might also like: [This is the big risk for AI investors](. 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=On A Roll&utm_campaign=daily-global-29-08-2024&utm_source=email) Analyst Take It’s Been A Wild Summer, But Here’s Where Four Key Commodities Stand Now [It’s Been A Wild Summer, But Here’s Where Four Key Commodities Stand Now]( The past few months have been anything but quiet for the [commodities]( market. Sluggish EV demand left the green transition’s top metals, like [lithium](, on the floor. [Copper]( shot higher – and then lower. Meanwhile, [gold]( hit record highs as demand exploded. And [uranium]( continued to be a hot topic. So much for [summer Fridays](... That’s today’s Insight: [four hot commodities and what you need to know now if you’re investing](. [Read or listen to the Insight here]( SPONSORED BY MONEY PICKLE Retirement isn’t the opposite of childhood after all Remember those magazine quizzes we all loved as teens? Whether predicting your future spouse or discovering your perfect style, they were all about uncovering something new. Fast forward to today – while your dreams might now focus on financial security rather than pop stardom, there’s still room for a good quiz. Your perfect quiz today might be: [Who's your perfect financial advising soulmate?]( It'd cut through the hassle of finding and vetting advisors yourself, and match you with someone who just gets you. And, as the fates would have it, [Money Pickle's Retirement Quiz]( does just that. Money Pickle's quiz is designed to match you with a trusted, vetted advisor who already works with people in situations similar to yours. Don’t stress or wonder what you could be doing differently – you can [take the quiz]( to see how you can benefit from personalized advice on investments, tax-saving strategies, and estate planning. Then, have a free, flexible video or phone call from the comfort of your home to explore your options. You can find [the free quiz]( – and more resources – [on Money Pickle’s website](. It’s a modern twist on those nostalgic quizzes but with real financial benefits. So [take the quiz and share it with your best friends](. Just don’t forget your gel pen. [Take The Quiz]( Please note that Money Pickle, as a Registered Investment Advisor (RIA) with the Securities and Exchange Commission (SEC), is authorized to conduct business only within the United States. Consequently, we can only provide services to clients who are U.S. residents. We apologize for any inconvenience this may cause and appreciate your understanding. When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Wrapped In Red Tape [Wrapped In Red Tape] What’s going on here? The European Union’s (EU) harsh rules have scared off tech companies, so the region won’t be getting any cool new toys from Apple or Meta. What does this mean? Europe’s Digital Markets Act hasn’t gone down well with tech giants, mainly because it could force them to compromise on security measures. So some are putting their money makers where their mouths are. Apple’s keeping its fancy iPhone features out of Europe, after hitting the brakes on rolling out Apple Intelligence there back in June. Meta’s also skipping the region with its shiny new Llama AI model – and OpenAI hinted that it might bail, too. Elon Musk’s also fallen out with European lawmakers recently, with X in hot water over its use of European data for AI model Grok. Why should I care? For markets: This town ain’t big enough… Apple and Meta pulling their goodies from the region is just the latest showdown between Europe and Silicon Valley. The EU maintains that tough tech rules and antitrust crackdowns are needed to handle the problems caused by Silicon Valley’s tech dominance – think murky user terms and an overall lack of competition. Now, this pullback probably won’t incite panic: iPhones, X ads, and Meta’s VR headsets aren’t exactly flying off the shelves. But if the next generations of gadgets are especially souped-up, Europe may end up missing out – especially if AI services, relied on by workers and startups, dip out of the region. The bigger picture: The European Dream is more of a snooze. In theory, the temporary absence of advanced American tech products should give European startups a leg up. And yet, Europe’s still trailing behind the US when it comes to tech development. That has a lot to do with the EU’s love of heavy regulation, which makes innovating a slower, more bogged-down process and forces companies to shell out valuable cash – that could be used elsewhere – just to stay compliant. You might also like: [AI, nutrition, and everything in between – five rules for building a thematic portfolio.]( 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=Wrapped In Red Tape&utm_campaign=daily-global-29-08-2024&utm_source=email) 💬 Quote of the day "I'm a very strong believer in listening and learning from others." – Ruth Bader Ginsburg (an American lawyer and jurist) [Tweet this]( Take a seat on the Summit’s main stage Thousands of retail investors tuned into our [Modern Investor Summit]( sessions last year. Eager to discover the smartest tools and savviest tricks, they piled into fireside sessions, Q&A panels, and keynote speaker slots with the likes of Jamie Dimon. Now’s your chance to secure a spot at the next one. 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