Andreessen Horowitz Raises $7.2 Billion 📱ITCI SMCI 📈 WISE DJT 📉

FlowBank's hand-curated fresh financial news [header_noDither] Andreessen Horowitz Raises $7.2 Billion Amid Tech Downturn Andreessen Horowitz has successfully raised $7.2 billion across five funds, marking a significant sign of optimism in the challenging tech startup landscape. The largest portion, $3.75 billion, targets growth investments in late-stage companies. The firm also plans to focus on infrastructure, including $1.25 billion for AI technologies, and diversify into other areas such as apps, gaming, and sectors supporting national interests like aerospace and defense. WHAT'S MOVING [Group 1742 (69)-1] [Start Trading](113/cXx8Z04/VWbD1V7HBqlFW6R7qk56Vp3tBW3NdgT55c_hT9N7qyk_-2-ZVTW6N1vHY6lZ3lyV3cfpW43HHm1W58350x1W1084W5D9dLM3ngr5vW5B6mGB4ygt-_W4J2cph5wrW7XW66d7nd7T6H7MW5Xrt8y2gHhmGVhr8BF5zrXt-W1WLp1P62-Lq4W7BjqrD2t1zhqW8l-H0v4lc0tfW46KGK2616YLtW5GcNKf1pSwtZW4_Wj7G4sHKY1W5b-mRJ7Vk0bSW8Lng9V5dNRn8N2zsdFj5rrWSW50fBDt8l12GhW3hynBR6NtmNFW1ZQTKm3S_g58W8YwZgY4KFb4BW4fJskt3jcc40f5CPWp204) [Group 3 (67)-1] Microsoft Microsoft is investing $1.5 billion in UAE-based AI firm G42, enhancing their partnership despite U.S. scrutiny over G42's alleged ties to China. [Group 1754 (18)] AMD AMD has released new AI-focused processors, aiming to lead in the AI PC market with advanced 4-nanometer technology, set to compete with Nvidia and Intel. [Group 1753 (18)] ASML ASML exceeded profit expectations but missed sales forecasts by reporting a 22% drop in sales, despite maintaining a positive full-year outlook for 2024. WHAT'S COMING UP? EUR: CPI (YoY) (Mar): Exp. 2.4% v Prev. 2.6% USD: Crude Oil Inventories: Exp. 1.600M v Prev. 5.841M IN OTHER NEWS Wall Street U.S. stock futures edged up after the S&P 500 recorded three consecutive days of losses. The Dow broke a six-day losing streak, gaining 0.17%, buoyed by UnitedHealth's strong quarterly results. Meanwhile, both the S&P 500 and Nasdaq Composite experienced slight declines. [Group 1769] Europe European stocks are set to open higher on Wednesday. The U.K.'s FTSE 100 is expected to open up approximately 0.50% at 7,848, Germany's DAX is projected to increase by about 0.26% at 17,789, France's CAC is anticipated to rise by around 0.66% at 7,972, and Italy's FTSE MIB is expected to gain about 0.28% at 32,806. MARKET INSIGHTS Still Time to Invest in Gold at a Record High? It has been a golden start to 2024 with the price of gold shooting to record highs, north of $1300 per oz. Why have the gold bugs returned and is there still time to buy gold? 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