💼 Move over Alphabet

Nvidia replaces Alphabet as Wall St's third most valuable company... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 15, 2024 | [Read Online]( Good morning. The Fast Five → [Cisco]( to lay off thousands of employees, Uber, Lyft [drivers strike]( across US, [Nvidia replaces Alphabet]( as third most valuable company, [SpaceX]( seeks to move incorporation to Texas, and Lyft CEO says “[my bad](” on margin error… Calendar: - Friday, 2/16: Producer Price Index (PPI), 8:30a ET Your 5-minute briefing for Thursday, February 15: BEFORE THE OPEN As of market close 2/14/2024. Pre-Market: Market Recap: - Stock futures flat Wed. evening ahead of key data. - Dow futures down 1 pt, S&P 500 little changed, Nasdaq futures dip. - Wed. rally falls short of erasing Tue.'s losses after inflation report. - Investors eye Thu.'s retail sales and jobless claims data. - Earnings mixed: Cisco down 5%, Tripadvisor up 7%. Shake Shack reporting this morning. EARNINGS What we’re watching this week: - Today: DoorDash (DASH), PENN Entertainment (PENN), Roku (ROKU) - [Coinbase Global (COIN)]( - expected: $.04 per share on $820.3M revenue (+30.4% YoY) - [DraftKings (DKNG)]( - expected: $.08 per share on $1.2B revenue (+45.2% YoY) Full earnings calendar [here]( HEADLINES [Cisco to Lay Off Thousands of Employees]( Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring. [Uber, Lyft Drivers Strike Across US, Demanding Fairer Pay]( - Stocks recover after inflation fears roil markets ([more]() - Mortgage rates surge higher again, causing homebuyers to pull back ([more]() - Japan loses its spot as world's third-largest economy as it slips into recession ([more]() - Lyft’s CEO says ‘my bad’ on margin error, ‘it was one zero’ ([more]() - Uber stock pops more than 10% on $7 billion share buyback ([more]() - Nvidia replaces Alphabet as Wall St's third most valuable company ([more]() - Morgan Stanley laying off hundreds in wealth management unit ([more]() - Musk woos Chinese suppliers to set up right next door to US ([more]() - Microsoft says US rivals are beginning to use generative AI in offensive cyber operations ([more]() - BlackRock Bitcoin ETF gains $500M as Wall Street appetite grows ([more]() - Michael Burry covers bet against chips ETF, buys health and tech stocks ([more]() - SpaceX seeks to move incorporation to Texas from Delaware ([more]() - Phoenix Suns owner Mat Ishbia forms new investment group called Player 15 ([more]() A SPECIAL MESSAGE FROM BEHIND THE MARKETS NVIDIA's Secret Biotech Partner In April 2021, NVIDIA partnered with a tiny biotech to help power its AI-drug discovery platform. Just 12 months later, its AI discovered a new treatment for multiple myeloma. Just 12 months after that, Bristol Myers Squibb signed a $2.7 billion deal to have its AI-platform develop new drugs. [Get the name of this small-cap biotech here ]( ~ please support our sponsors ~ DEALFLOW M+A | Investments - BitGo, a digital asset company, acquired Brassica, a provider of investment infrastructure for private securities and alternative investments ([more]() - SchoolStatus, a provider of K-12 data-driven solutions that empower student success, acquired SchoolNow, a unified digital publishing platform for K-12 ([more]() - Armis, an asset intelligence cybersecurity company, acquired CTCI, a company specializing in AI-powered pre-attack threat technology ([more]() - Kelso-backed Armada acquires Wright Companies ([more]() - PE-backed Perforce purchases Delphix ([more]() - Wrench Group buys Lindstrom Air Conditioning & Plumbing ([more]() - GIP buys 50% ownership in Eversource Energy Wind Projects ([more]() - Welsh Carson reportedly weighs $3B sale of Avetta ([more]() - Blackstone invests in 7 Brew ([more]() - PatientFi, a company offering medical practices a technology suite of payment/subscription solutions, received a growth equity investment from Questa Capital ([more]() - Kayne Anderson invests in Sapience Analytics ([more]() - Vimly Benefit Solutions, a company working in the benefits administration space, received an investment from Rubicon Technology Partners ([more]() VC - IPSecure, a Buy Box brand protection company for brands and e-commerce agencies, raised its second multi seven-figure round of funding ([more]() - Latigo Biotherapeutics, a clinical-stage biotechnology company developing non-opioid pain medicines that target pain at its source, raised $135M in Series A funding ([more]() - Areteia Therapeutics, a clinical stage biotechnology company, raised additional $75M in Series A funding ([more]() - cPacket Networks, provider of an intelligent observability platform, raised $67M in Debt and Equity funding ([more]() - Skylo Technologies, a direct-to-device satellite connectivity service provider, raised $37M in funding ([more]() - Meter, an internet infrastructure company for businesses, raised $35M in funding ([more]() - Rasa, a generative conversational AI platform, completed a $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures ([more]() - Hippo Harvest, a controlled environment agriculture (CEA) startup, announced the close of its $21M Series B funding round ([more]() - Marqo, a vector search company, raised $12.5M in Series A funding ([more]() - Architect Financial Technologies, Inc. an emerging leader in derivatives brokerage services and trading technology, has closed a $12M capital raise ([more]() - Overworld, a game studio building high-quality, cross-platform multiplayer RPGs, has closed a seed round of $10M ([more]() - Quilter, an AI company building generative circuit board design software, raised $10M in Series A funding ([more]() - Document Crunch, a provider on AI-powered contract platform, raised $9M in Series A funding ([more]() - Civic Roundtable, a provider of a collaboration platform for government workers, raised $5M in Seed funding ([more]() - Artie, a database startup, has closed a Seed round of $3.3M led by Exponent Founders Capital ([more]() - Parlay, a provider of a small business loan readiness platform, raised $1.3M in Pre-Seed funding ([more]() - Boat Planet, a marketplace for boat repair and maintenance industry, raised $1.2M in Seed funding ([more]() - WIT, a provider of a digital activation platform across sports and entertainment, raised an undisclosed amount in funding ([more]() Fundraising - Core Industrial Partners closes two funds totaling $887M ([more]() Was this forwarded to you? [Get tomorrow’s briefing here]( » CRYPTO - Crypto market value climbs back above $2 Trillion in broad rally ([more]() - Genesis cleared to sell GBTC shares worth $1.3 Billion ([more]() - US Treasury debunks narrative that Hamas relied on crypto to fund terrorism ([more]() BULLISH BITES 🔥 Must-see TV: [Zuck rips Apple's]( ‘Vision Pro’ headset in review video and mocks Apple ‘fanboys’. 👔 Personalized: Men used to have wives. [Now they have stylists](. ☔️ Leader: This little-known startup takes the [AI weather prediction]( crown. 🤖 Overhyped? “It is a mess and not anywhere close to adding value,” Andreessen Horowitz partner Guido Appenzeller tweeted about [Copilot](, Microsoft's AI assistant. 📈 Small-cap secret: [Get the name of NVIDIA’s tiny biotech partner here »]( DAILY SHARES [tw profile: Grosdoriane] Grosdoriane @Grosdoriane [tw] there should be a valentine's day for men... Feb 15, 2024 8 Likes 0 Retweets 0 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] My wife is about to get the biggest Valentine’s Day dinner surprise of her life Feb 15, 2024 908 Likes 34 Retweets 49 Replies [tw profile: Alexandra Semenova] Alexandra Semenova @alexandraandnyc [tw] ❤️‍🔥 Feb 14, 2024 1.34K Likes 75 Retweets 20 Replies [tw profile: sophie] sophie @netcapgirl [tw] t cook, my boy. what’s happening. yeah so idk if you saw this zuck video he posted comparing the quest to the vision pro. look long story short, they’re saying he’s mogging you. that uh, uh, he’s a chad founder mogging a soy operator. i’m thinking up ways we can respond to this Feb 14, 2024 8.91K Likes 504 Retweets 60 Replies Know someone who would enjoy this? [CLICK TO SHARE]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? 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