💼 Tech titans team up

Apple, Nvidia in talks to join OpenAI funding round -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 August 30, 2024 | [Listen Online]( | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Apple, Nvidia]( in talks to join OpenAI funding round, [Intel]( looks to longtime bankers for help, [bond markets]( face a reckoning, [Yelp sues Google]( over local search dominance, and [Dell’s on fire](… 📉 [Wall Street Legend: “Rate cuts can't stop what's next” »]( A message from Stansberry Research Poll: Can Intel survive? - [YES: Intel is too essential to fail]( - [NO: They've blown too many key opportunities]( Calendar: (all times ET) - Full calendar [here]( - Today: PCE index, 8:30A Consumer sentiment, 10:00AA - Monday: [Market closed for Labor Day] Week ahead [here]( Your 5-minute briefing for Friday, August 30: BEFORE THE OPEN As of market close 8/29/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 51.16% for Week of August 29 2024 Last week: 51.61%. Updates every Friday. Market Wrap: - Stock futures edged up Thurs. night ahead of key inflation data. - Ulta -7% on Q2 miss; Lululemon +4.5% on earnings beat; Dell +3.5%. - Nvidia slump dragged S&P, Nasdaq; Dow gained 240+ points, closing at a record. - Today: PCE price index; expected +0.2% monthly, +2.5% annual. - August: S&P +1.3%, Dow +1.2%, Nasdaq -0.5%. EARNINGS No earnings on our watchlist today. Full earnings calendar [here](. HEADLINES [Intel Said to Explore Options to Cope With Historic Slump]( Once-dominant chipmaker looks to longtime bankers for help. Possible moves could include split of product, foundry units. [Apple, Nvidia in Talks to Join OpenAI Funding Round]( Tech giants would join multibillion-dollar funding round alongside Microsoft, Thrive Capital. - US economy displays resilience with low layoffs, second-quarter growth ([more]() - Risks to US job market start to emerge in regional Fed surveys ([more]() - Warren presses Wall St regulator to explain eecline in enforcement actions ([more]() - Gold’s rally to $2,500 was just the next stop in this supercycle ([more]() - Bond markets face reckoning after stellar summer run ([more]() - Most-hated credit trade turns into a big winner for hedge funds ([more]() - Nvidia shares fall despite earnings beating estimates ([more]() - Dell beats estimates as server sales soar 80%, riding AI wave ([more]() - Lululemon trims outlook as demand slows ([more]() - Disney-Reliance merger approved by regulators, creating streaming giant ([more]() - OpenAI, Anthropic sign deals with US govt for AI research and testing ([more]() - Yelp sues Google over dominance in local search ([more]() - Nasdaq Futures to pay $22M to settle charges over perk program ([more]() FROM STANSBERRY RESEARCH Rate Cuts Can't Stop This Big Market Shift As recession fears grow and markets plunge... Experts are clamoring for emergency rate cuts to stop the hemorrhage. But according to a former hedge fund manager who's been through five rate cut cycles... No amount of rate cuts can stop the huge shift that's about to take hold of the markets. [Don't get caught off-guard – click here now to prepare for what's coming.]( - sponsored message - DEALFLOW M+A | Investments - Mars’ $36B deal faces Khan’s ‘chocolate oligopoly’ views ([more]() - Nokia mobile networks assets said to draw Samsung interest ([more]() - Macron clinches €2.7B warplane deal to help anchor Serbia to Europe ([more]() - ONEOK strengthens Permian presence with midstream deals worth $5.9B ([more]() - Bankrupt solar firm SunPower gets nod to sell assets to rival ([more]() - GrubMarket, a food tech eCommerce company, acquired FreshGoGo, an Asian grocery ecommerce platform ([more]() - Carbon6, a software platform for Amazon businesses, acquired Junglytics, an AI-powered business product to enhance decision-making for sellers ([more]() - Moxfive, a cybersecurity company helping customers respond to cyber incidents, received a growth investment from Falfurrias Management Partners ([more]() VC - Codeium, an AI-powered code acceleration platform, raised $150M in Series C funding, at $1.25B valuation ([more]() - Noetik, an AI-native biotech company developing next-gen cancer therapeutics, closed a $40M Series A financing round ([more]() - OpusClip, an AI-powered video repurposing startup, raised $30M in funding ([more]() - Miris, a company bringing spatial computing into the streaming era, raised $26M in Seed funding ([more]() - Levitate, a SaaS 'Happiness Platform' for relationship-based businesses, raised $15M in Series D funding ([more]() - Melodi Health, a medical device company, raised $10.75M in Series A funding ([more]() - Turntable Labs, the company behind the new social music platform Hangout, raised $8.2M in Seed funding ([more]() - Evolve, a prefabrication workflow tech company, raised over $6M in Growth funding ([more]() - Piramidal, an AI powered neurotech startup, raised $6M in seed funding ([more]() - Quai, a Layer-1 crypto network for the global and compute economies, raised $5M in strategic funding ([more]() - Vybe, an AI-generated photos social media app provider, raised $4.75M in seed funding ([more]() - Inventive AI, an AI-driven tool for streamlining and optimizing RFP and sales workflows, raised $4M in funding ([more]() - Moveo.AI, a conversational AI startup, raised $2.6M in seed funding ([more]() CRYPTO - Bitcoin drifts back to $60,000, trimming the week’s losses ([more]() - US House committee plans for heap of crypto hearings in September ([more]() - Trump says he’ll announce a plan to make US the ‘crypto capital’ ([more]() BULLISH BITES 🚨 Crash or Recession? [His answer may surprise you]( * 🤖 New Normal: OpenAI says ChatGPT usage has [doubled]( since last year. ⚽️ $30B Industry: Private equity is coming for [youth sports](. ✈️ Take Note: These will be the [busiest]( travel days during Labor Day weekend. 🎾 Trending: The U.S. Open has a [new hero](. DAILY SHARE [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] Be safe y’all. I had 2 Nvidia shares sitting in my car, someone broke in and left 2 more 8:01 PM • Aug 29, 2024 491 Likes 35 Retweets 42 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] Nvidia shareholders after 300% gain: AI is the future Nvidia shareholders after 6% dip: AI is dead 8:14 PM • Aug 29, 2024 434 Likes 26 Retweets 17 Replies [tw profile: litquidity] litquidity @litcapital [tw] 4:06 PM • Aug 29, 2024 3.27K Likes 245 Retweets 23 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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