Google's potential break up could reshape the company's future

The AI Investing Pulse

Welcome to this week’s AIIP Newsletter —August 15th, 2024

THIS WEEK’S AI STOCKS IDEAS

  • Micron Technology (MU)- Insider Monkey

    Insider Monkey think that Micron Technology could be one of the best data storage stock to buy.

  • Tesla (TSLA), Amazon (AMZN) - Nasdaq

    Both companies are struggling after their Q2 earnings, but they are still strong AI plays and stand to benefit from a likely Fed rate cut.

  • Microsoft (MSFT), Apple (APPL), Crowdstrike (CRWD) - MSN

    These three stocks could pay off well in the long run.

THE MARKET

INDEX

TICKER

WEEKLY

Nasdaq 100

QQQ

5.88%

S&P 500

SPY

4.23%

TOP AI STOCKS & ETFs

STOCKS & ETF

TICKER

WEEKLY

Super Micro Computer

SMCI

22.89%

Celestica

CLS

21.11%

Roundhill Generative AI & Tech ETF

CHAT

6.81%

Global X AI & Tech ETF

AIQ

5.28%

AI STOCKS & ETFs NEWS

  • Google’s AI future depends on Android - a DOJ threat to split it off creates an existential crisis - Fortune

    Google faces significant challenges in the AI landscape, particularly from regulatory pressures and competition. A potential breakup could reshape the company's future and hinder its innovation in artificial intelligence technologies.

  • Warren Buffett turns cold on Snowflake as Berkshire Hathaway sheds $989 million stake in AI giant - Fortune

    Warren Buffett turns cold on Snowflake as Berkshire Hathaway sheds $989 million stake in AI giant.

  • Market Views: What are Asia's best AI investments? - Asian Investor

    Analysts highlight key players and emerging trends that could drive future growth in the region.

  • Mercer on Magnificent Seven, AI & More - VettaFi

    Mercer's latest report emphasises seven key AI-driven themes that are poised to influence the financial landscape moving forward.

AI STARTUPS

  • Radical Ventures launches $800m AI growth fund - Betakit

    The new funding aims to support innovative companies and technologies shaping the future of AI.

  • AI boosts billion-dollar valuation for startups - Killer Startups

    Emerging startups are leveraging AI technology to significantly increase their market value.

  • Sam Altman warned OpenAI will ‘steamroll’ AI startups - Fortune

    However, Eric Olsen, cofounder of an AI startup believes the future for AI startups is bright.

  • AI’s $600B Question - Sequoia Capital

    As investments soar into the hundreds of billions, understanding the long-term impacts of AI becomes increasingly essential.

  • The market for AI is anticipated to grow to $1.3B by 2030 - WhaTech

    Key factors influencing this expansion include technological advancements and a rising need for automation solutions.

  • AI 2.0: Introducing network effects to the AI era - Medium

    Interconnected systems can enhance data sharing and improve AI capabilities and have a transformative impact of network effects on AI.

  • The next phase of the AI journey will be driven by broader adoption of generative AI - Funds Society

    AI made headlines in 2023, but where is it headed now? According to Allianz GI, the next wave of AI advancements should expand opportunities to other companies within the ecosystem.

OTHER

  • Best AI tools for data science - Analytics Insights

    Explore the best AI tools for data science.

  • 8 most accurate stock predictors for 2024 - Techopedia

    Advanced modeling techniques and analytical tools including machine learning and statistical analysis, have emerged as popular approaches among investors seeking to enhance their forecasting abilities.