Can anything stop Nvidia?

Good morning! It’s FRY-nancial FRY-day, so let’s recap the latest happenings in AI and finance. 💰

*Nothing in this newsletter 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

🔍 FinTok: Track the portfolios of institutional investors. → Check it out

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SALTY STORIES OF THE WEEK 🧂

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

• For the last fiscal quarter (ending Oct 27th), Nvidia reported revenue of over $35.08 billion, a 94% increase from ~$18 billion a year ago. Additionally, net profit more than doubled to $19.31 billion, or 81 cents per share, surpassing Wall Street expectations. Notably, the company’s data center revenue soared by 112% to $30.8 billion during the quarter. As a result of this success, Nvidia stock price is up almost 200% in 2024. Right now, it seems like nothing can stop Nvidia. (Read More)

• Google is committing $20 million in cash and $2 million in cloud credits through Google.org to support scientists tackling complex challenges with AI. This fund aims to fuel breakthroughs in areas like rare disease research, experimental biology, materials science, and sustainability. (Read More)

• Supermicro drama is off the rails. Elon Musk’s AI startup, xAI, has reportedly shifted $6 billion in server orders from Supermicro to Dell. This change comes amid a U.S. Department of Justice probe into alleged accounting issues and export violations within Supermicro, which caused its stock to plummet 35% in a single day. However, Supermicro has bounced back this week, up over 60% after hiring a new auditor. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

Tired of Nvidia and other tech giants? Let’s take a look at another company benefitting from AI. 👀

This week’s diamond in the rough: Marvell Technology (MRVL)

How is AI helping Marvell? Marvell Technology offers cutting-edge semiconductor products tailored for data centers and networking. As companies ramp up investment in AI infrastructure, Marvell’s custom silicon, electro-optics, and networking solutions are becoming critical components for handling massive data loads.

Want some numbers? While Marvell’s total Q2 revenue dipped 5% year over year, its stock value has risen over 7% in the past month and almost 60% in the past year. This is due primarily to rising demand for data center hardware. In the past quarter alone, data center revenue doubled to $881 million, showcasing robust demand in Marvell’s most promising segment. Analysts predict the company’s trailing 12-month revenue of $5.3 billion could rise to over $9 billion by fiscal 2027.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

FRY-NANCIAL TOOL OF THE WEEK 🔧

I went to buy a new mattress the other day. I wasn’t sure about it, so the salesperson told me I should sleep on it. 🛌

What is the tool? HelpMoji helps users search for the best products using AI.

How does it work? HelpMoji is straightforward to use. It only involves two simple steps:

1. Ask a question about any product.

2. Get detailed feedback with no ads!

*Disclaimer: We don’t receive any perks for sharing this tool. We just want to show you how cutting-edge AI tools can be used to enhance your financial life.*

FRY-AI FANATIC OF THE WEEK 🍟

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Doctorbf gave us a Sizzling review and wrote, “Great insights clearly explained.“

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YESTERDAY’S POLL RESULTS 📊

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