Apple enters "golden age" with ATH

Good morning! FRY-nancial FRY-day is here, and that means it is time to chow down on the latest AI-related finance trends. 🤑

*The content provided in this newsletter is for informational purposes only and does not constitute investment advice.*

🤯 MYSTERY AI LINK 🤯

(The mystery link can lead to ANYTHING AI-related: tools, memes, articles, videos, and more…)

🔨 AI FINANCE TOOLS OF THE DAY

💳 Goodbudget: A budget tracker for the modern age. → Check it out

👫 Honeydue: The simplest way for couples to manage money. → Check it out

💰Nexafin: Connect, track, and optimize your financial accounts in one place. → Check it out

SALTY STORIES OF THE WEEK 🧂

Want some seasoning? Here are the saltiest AI stories in FRY-nance from this week:

• Elon Musk has raised $6 billion in a new funding round for xAI, his AI startup. This doubles the previous $6 billion funding round from June. The company, now valued at over $50 billion, will use the money to build advanced supercomputers and improve upon its flagship model, Grok. (Read More)

• Apple shares closed at an all-time high yesterday after Wedbush analysts announced that the company could be headed for a “golden era of growth” in 2025, driven by demand for AI-powered devices. (Read More)

• Broadcom CEO Hock Tan said the AI hardware spending frenzy will continue through the end of the decade. He said that tech companies are placing “very large bets over three to five years in a very big hurry because they see the technology is in their grasp.” He added, “There are only a few of these players doing that but they are potentially very large consumers [of AI chips] because the returns are enormous.” (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

Q: What was the baby computer’s first word?

A: Data. 👶

This week’s diamond in the rough: Teradyne (TER)

How is AI helping Teradyne? Teradyne’s technology plays a crucial role in the development of AI by ensuring the reliability and performance of advanced semiconductors, a backbone of AI applications. The company’s automated test equipment verifies that chips meet the demanding standards required for AI-driven workloads, including faster data processing and greater energy efficiency.

Why does Teradyne have potential? With AI expanding into sectors like healthcare, automotive, and cloud computing, Teradyne’s cutting-edge testing solutions position the company as a vital player in this revolution. Additionally, the company has reduced its debt by over $500 million since 2020, highlighting sound financial discipline and a positive trajectory. As AI adoption accelerates, Teradyne’s expertise and strong balance sheet are good indications for the company.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

FRY-NANCIAL TOOL OF THE WEEK 🔧

What if TikTok could make you rich? 🤳

What is the tool? Zeed AI provides an investing experience driven by short-form content that users actually want to watch.

What are the features?

• AI Chat: Chat with Zeed AI to easily understand what’s happening with financial markets.

• Engaging Videos: See what’s trending with short-form video content about your favorite stocks.

• Personalized Content: Connect to your portfolio to invest and receive personalized market updates.

• Data-Driven Investing: Make sense of complex financial data through interactive stories and analysis, all generated by AI in real time.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, Jennifer! 🎉

Jennifer gave us a Fresh and Crispy review and wrote, “This newsletter has tasty treats every single day! Keep up the great work.”

(Leave a comment for us in any newsletter, and you could be featured next week!)

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“No AI this Christmas, but I can imagine AI gadgets will overtake Christmases to come.” (No 😜)

“I received Meta Ray-Bans from my cousin, and they are super cool! I am wearing them as I type this, in fact.” (Yes 🤖)

HAS AI REACHED SINGULARITY? CHECK OUT THE FRY METER BELOW: