Apple zooms amidst Nvidia's gloom

Happy FRY-nancial FRY-day! Let’s crunch some numbers and fry up some fun with the latest AI trends. 🍟

*Nothing we offer constitutes investment advice. Our aim is to report the latest happenings and teach you how to use the newest AI finance tools.*

🤯 MYSTERY AI LINK 🤯

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

🔨 AI FINANCE TOOLS OF THE DAY

🗞️ Finalle: Financial intelligence reimagined. → Check it out

🤖 Intuit Assistant: An AI-driven financial assistant. → Check it out

🪶 Quill: The AI-powered SEC filing platform. → Check it out

SALTY STORIES OF THE WEEK 🧂

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

• Nvidia experienced its steepest single-day decline ever on Tuesday, with shares plummeting 9.5%, wiping out $279 billion in market value. Despite reporting large earnings, concerns about other tech giants producing proprietary chips and the DOJ investigating Nvidia’s operation are unsettling to investors. (Read More)

• Coinbase CEO Brian Armstrong has announced a groundbreaking achievement: the platform’s first AI-to-AI cryptocurrency transaction. This event highlights the potential of digital currency in the realm of AI, where AI agents can now autonomously engage in financial transactions with humans and other AIs. (Read More)

• Apple shares have risen close to 40% off an April low. This surge has added more than $900 billion to its market capitalization and contributed 22.6% of the Nasdaq 100 Index’s total gain over that period. Apple is finally starting to realize market prosperity for AI applications, particularly surrounding the coming debut of the new iPhone 16 and other AI gadgets. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

Q: How does a robot work out?

A: It does circuit training. 🦾

This week’s diamond in the rough: Symbotic (SYM).

How is AI helping Symbotic? With its AI-powered robotic technology platform, Symbotic is changing the way consumer goods move through the supply chain. In a world of supply chain troubles, experts remain optimistic about Symbotic’s proactive strategies to handle engineering, procurement, and construction in-house, which could lower costs and enhance project management efficiency. In addition to innovative strategies, Symbotic has recently made enhancements to its SymBots and minibots as well as launched a $7.5 billion joint venture with SoftBank called “Greenbox,” which aims to bring AI automation to warehouses and supply chain services.

Want the numbers? Despite stock market struggles, Deutsche Bank analyst Nicole Deblase has maintained a “buy” rating on Symbotic stock, even raising the target price from $58 to $59—indicating a potential upside of more than 200%. Many experts, like Deblase, find Symbotic’s long-term growth outlook promising due to a substantial contract backlog of $22.8 billion as of Q3 (ending June 29, 2024). This backlog is largely attributed to increasing labor costs and construction delays. Coupled with enhanced technology and meaningful partnerships, this contract backlog contributes to Symbotic’s anticipated revenue growth in early fiscal year 2025.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

FRY-NANCIAL TOOL OF THE WEEK 🔧

FYI: We don’t receive any compensation for sharing this tool. We just find it FRY-tastic! 🤪

What’s the tool? Rocket Money is an AI-powered app that works for you to save more, spend less, see everything, and take back control of your financial life.

What are the features?

• Get control over your subscriptions: Rocket Money instantly finds and tracks your subscriptions, making it easy to cancel any that are unwanted.

• Stay on top of your spending: Get an effortless breakdown of your finances to see where your money is going and how to improve. Rocket Money will also notify you of important events that need your attention so you’re never caught off guard.

• Put your savings on autopilot: By turning on autopilot saving, Rocket Money learns your habits and saves the right amount at the right time while helping you avoid overdraft fees.

• Create a budget that works for you: Set up a budget that automatically monitors your spending by category and keeps you on track towards your goals.

• Track and understand your credit score: Access your complete credit report and history. Get alerted to important changes that impact your score.

• Get the best rates on your existing bills: Rocket Money’s AI-powered concierge will identify bills that can be lowered and negotiate on your behalf for the best rates available.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, Noemi! 🎉

Noemi gave us a Fresh and Crispy review and wrote, “Love your newsletters & everything about them! Love the mystery link, new AI tools to check out, latest news on AI, etc. I also love love love your jokes! Keep them coming! Thank you for putting it all together!”

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YESTERDAY’S POLL RESULTS 📊

Featured comments:

“If I created the data in the first place, I want some control how it’s used.” (Yes. 😬)

“Yes, I’m worried! Where are my royalties?” (Yes. 😬)

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