Nvidia hit $1 trillion | Turkey's lira hit a new low | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 31st in 3:14 minutes. ð» Wealth can bloom without wilting our planet. So join Fennelâs Daniel Naim for [The ESG Revolution: Investing With Purpose]( on June 8th, and find out how you can sow the seeds of change. [Get your free ticket]( Today's big stories - Nvidia leaned into its AI advantage, unveiling some new super-impressive offerings
- Here are ten ways to consider investing in the British tech sector â [Read Now](
- Turkeyâs currency continued its nosedive Circuit Maximus [Circuit Maximus] Whatâs going on here? AI trailblazer Nvidia did a victory lap this week, [showing off]( an arsenal of cutting-edge AI offerings. What does this mean? Just last week, Nvidia was [popping]( champagne over its stellar results, thanks in large part to some lucrative AI exploits. And now the silicon maestro has doubled down, eager to prove that itâs no one-hit-wonder in the AI arena. See, Nvidia revealed its got its digital fingers â its, ahem, digits â in every AI pie out there, from robotics design to gaming and ad services (including a cozy partnership with ad giant WPP). But the real jaw-dropper is its brand new AI supercomputing platform, set to help tech whizz-kids concoct the next ChatGPT. Alphabet, Microsoft, and Meta are expected to be among the first users of that service â but Nvidiaâs planning to build its very own supercomputers for other tech clients to use too. Why should I care? For markets: Taking a big byte. Nvidiaâs AI bravado hasnât gone unnoticed by Wall Street. The firmâs stock skyrocketed a whopping 188% this year, hitting the milestone of a cool $1 trillion valuation â a first for the whole chip sector. That means itâs already around twice the size of its closest rival, TSMC, and nipping at the heels of US tech giants like Apple, Amazon, and Alphabet. With analysts scrambling to calculate new price targets, Nvidiaâs stock could even slip past both Amazon and Alphabet â if this optimism isnât overblown. The bigger picture: Trickling down. Itâs not just Nvidia that stands to benefit from the rising tide: if youâre searching for other ways to profit, take a look at TSMC and ASML, the backstage crew powering Nvidiaâs operations. See, Nvidia leans on TSMC â the chip-making virtuoso â for manufacturing. And TSMC relies on ASML, in turn, for its machines. If thatâs starting to sound a lot like alphabet soup, just remember this: when Nvidia wins, theyâre positioned to too. You might also like: [Sure, this could be an AI bubbleâ¦]( Copy to share story: [/circuit-maximus]( ð [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=Circuit Maximus&utm_campaign=daily-global-31-05-2023&utm_source=email) Analyst Take
Ten Momentum Plays In The UK Technology Sector [Ten Momentum Plays In The UK Technology Sector]( Investors ditched their [tech stocks]( in droves last year, acting like the previously big-shot shares were the equivalent of the second-newest iPhone after a fresh Apple release. Economic pressures like interest rates really did a number on tech firmsâ earnings, see. And because those [high-flying stocks]( donât come cheap, investors were quick to pull the plug. But letâs be real, they were never going to swear off the sector for long. So now that Big Techâs getting its mojo back, letâs take a look at [a few ways you could invest in a market that seems to be on the road to recovery](. Thatâs todayâs Insight: [ten momentum plays in the UK technology sector](. [Read or listen to the Insight here]( SPONSORED BY SWISSQUOTE Future-proof your portfolio Even todayâs most successful companies arenât guaranteed a seat at [the top table in the future](. Just take [fossil fuel companies](, for example: as countries around the world start tidying up their acts with greener energy, some of those [big-money companies]( could well be tossed aside. But hey, at least you can stay ahead of the curve: by [filtering companies on Swissquote](, you can sort the [future-forming firms]( from the ones more likely to be left behind. And thatâs not just environmental. Youâll get a rundown on [social and governance scores]( too, and you can [filter out specific industries]( that youâd rather avoid, like ones that do animal testing. That means you could set up [smarter plans for the future]( â and youâll start reaping the rewards today. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Istan-bear [Istan-bear] Whatâs going on here? The Turkish lira [dropped]( to a record low on Tuesday â the latest gut punch for an economy struggling to catch its breath. What does this mean? Turkeyâs been rolling the dice with a high-risk economic gambit: trimming interest rates in a bid to tackle inflation â a strategy that puts it at odds with just about every Economics 101 class you ever slept through. Unsurprisingly, those moves have fanned the flames of inflation â and since lower rates are shunned by investors and savers anyway, the liraâs been in free fall ever since, shedding a fifth of its value in the last year. For a while, a neck-and-neck election held out a glimmer of hope for change, but investor optimism fizzled out when the current government clinched victory over the weekend. That triggered a swift investor retreat â denting the lira by the most in a year and pushing it to a new record low against the US dollar. Why should I care? For markets: Bosphorus bust. There are whispers that a more conventional finance minister could make a comeback in the face of this financial maelstrom, potentially steering the economy back on course. And if that doesnât happen, then this economic quicksand could deepen. See, government efforts to halt the liraâs slide â like selling off foreign reserves and buying lira in order to shore up the currency â can only last so long: the countryâs running out of reserves pretty quickly, and with government finances already on the brink, the lira might soon be sliding again. For you personally: Pack your bags. Turkey's economy is looking worse for wear right now, but there might be some respite on the horizon. See, a currency at rock-bottom is exactly what travel-starved, cash-stretched globetrotters will be on the lookout for â and an influx of tourists could give the economy a short-term shot in the arm. You might also like: [Black Swan events are coming. Here's how to be ready.]( Copy to share story: [/istan-bear]( ð [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=Istan-bear&utm_campaign=daily-global-31-05-2023&utm_source=email) ð¬ Quote of the day "Be regular and orderly in your life, that you may be violent and original in your work." â Gustave Flaubert (a French novelist) [Tweet this]( SPONSORED BY SELINA Newly public: a company thatâs reinventing hospitality for digital nomads [Selina]( has grown to 118 locations in 24 countries since 2014 by targeting underserved digital nomads, Millennials, and Gen Z'ers. See, this category-redefining company is working to provide remote workers with [comfortable, work-friendly spaces]( that are within reach of [unique local opportunities](, all at accessible prices. Armed with [proprietary in-house tech and processes](, Selinaâs a dab hand at transforming potential properties into Instagram-worthy travel pads, strengthening its operating model. Whatâs more, [ESG goals]( form the core of [Selinaâs mission](: it upcycles buildings for its locations, working with local artists and community members to deck them out and promote sustainability. Thatâs a lot of potential â and not just for budding explorers: [check out newly public, industry-shaking Selina](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. ð Finimize Live 𥳠Coming Up This Week... All events in UK time.
ð¥ [A Guide To Impact Investing 2.0](: 1pm, June 1st ð And After That... ð [The ESG Revolution: Investing with Purpose](: 6pm, June 8th
ðââï¸ [Finimize Ladies Investing Club](: 6.30pm, July 13th
ð¤ [What's Next For Crypto Investors](: 7pm, June 19th
ð¥ [Co-Trading: A New Way To Beat The Market](: 5pm, June 26th
ð [Modern Investor Summit 2023](: 12pm, December 5th and 6th ð¯ On Our Radar 1. A centuryâs tips. Here are the [top life hacks]( from 100 years of self-improvement. 2. The verdict is in. Memes are officially a [love language](. 3. Porticoed paradise. Discover the worldâs most â[underrated city](â. 4. âLetâs unpack that.â Therapy-speak is creeping into [our relationships](. 5. Rose-colored glasses. Nostalgia can help us handle lifeâs [stressful events](. â¤ï¸ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} ð Weâd love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Midjourney | Midjourney Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails ð´ Crafted by Finimize Ltd. | 280 Bishopsgate, London, EC2M 4AG All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](