🏴‍☠️ The Pirate's Weekly Buried Treasure Bulletin - 2/20/24

February 20, 2024 Dear , Welcome to The Pirate's Weekly Buried Treasure Bulletin. Your one stop shop for all things finance. Picture our newsletters as the GPS for your investment journey – direct, efficient, and available in your inbox every week. Here’s what we got on deck for you today: 💣 AI Revenues from 2022-2032 🤯 💣 Nvidia, Nvidia, Nvidia 👀 💣 Market's reaction to lates PPI reports 📉 Quick Glance 🔎 As of February 20, 2024, 2:13 PM MST AI Revenues from 2022-2032 🤯 Hi! This is from the "just holy sh*%!" file! It's something I came across today. It's projecting out in the future, that by the year 2032, revenues for companies related to generative AI will reach $2.5 trillion. This kind of growth boils down to 4-5X growth over this 10-year period of time. And it will happen across industries such as: financial, healthcare, media, automotive, and manufacturing. --P Nvidia, Nvidia, Nvidia 👀 Next Wednesday, on February 21st, brace yourself for the much-anticipated earnings announcement from Nvidia (NVDA). It's not just any earnings call – it's a monumental event. We're talking about a behemoth of a company with a market cap nearing $2 trillion, and it's the reigning champion of the tech world, particularly in the realm of Artificial Intelligence (AI) and Generative AI, which are poised to reshape industries for decades to come. Here's a quick rundown of what you need to know: - Nvidia is set to announce its fourth-quarter earnings for the 2024 fiscal year after the bell on Wednesday. - Analysts expect significant profit and revenue gains from the chipmaker, driven by the artificial intelligence (AI) boom. - Nvidia's third-quarter earnings surged past estimates, driven by growth in the chipmaker's data center business, which reached a record high of $14.51 billion in revenue. [See Full Article]( Market's Reaction to latest PPI Reports 📉 In January, the Producer Price Index (a crucial indicator of wholesale inflation) surged by 0.3%, surpassing economists' forecast of a 0.1% rise. This unexpected increase in wholesale prices added to a week of market volatility. - Investors reevaluate US economy, Federal Reserve policy amid mixed data. - Dow swings 500 points following consumer inflation report. - Stocks recover from retail sales decline, eyeing weekly wins. [See Full Article]() Indices Outlook 👀📈 We kick off this shortened week with the markets feeling some selling pressure. Last week could prove to be significant in the short term, as the attempt to push to new highs failed on Friday. We are seeing the start of a "lower high" forming and this will start to put the current uptrend under pressure. The last few weeks in the Indices Outlook, I've mentioned the impressive run the market has made and to watch for signs of profit taking. (which is common, of course, after extended moves higher) We may be seeing the start of that profit taking Friday with some follow through today. We will watch for further signs of weakness showing up as the market undoubtedly needs to catch its breath at some point. Also worth noting, February historically can be a weak month for stock performance. In election years, the Dow drops over 1% on average. This is a good time to take an inventory of where your positions are at and analyze your portfolio exposure. If we get into a choppy/pullback type of market for a few weeks you want to be ready to weather the storm! See you next week! Mike Curtis Mumsy's Meme of the Week 😂 GET YOUR COPY TODAY! The Money Press Method Is an extra $3-5k per month keeping YOU from being able to retire right now? If so, you need to see this... [Download PDF]( Need more help? Gain exclusive benefits as a WOW Insider, including access to LIVE Friday morning webinars, 31+ training videos on Preston's option strategies, a member forum for Q&A, and updated trade journals. [Learn More](=) Treasure Trove Tidbits: Top headlines in a glance 💰 [The pivotal earnings report for the fourth quarter is due Wednesday after market close.]( Nvidia's dominance in AI has propelled it to the world's third-highest market cap, following only Apple and Microsoft. [Capital One's $35 billion acquisition of Discover would form a major US credit card company, potentially challenging American Express, Visa, and Mastercard.]() The question remains: Will regulators approve this significant merger amid ongoing antitrust reviews of other major industry consolidations? I hope you enjoyed this edition of "The Fogcutter". You can expect this in your inbox every Monday moving forward. Have a great week! - Preston [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190