Record highs and new financial tech

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Welcome to FRY-nancial FRY-day! We’ve got updates on the crispiest AI trends to help you cash in on some knowledge. 🤑

*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.*

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🤯 MYSTERY AI LINK 🤯

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

🔨 AI TOOLS OF THE DAY

⚒️ Morphlin: A suite of analytics tools for simple and profitable trading and lending. → check it out

📊Matrices: The spreadsheet that fills itself out. → check it out

🧾Reporfy: Create financial reports at the speed of AI.  → check it out

SALTY STORIES OF THE WEEK 🧂

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

• Asset manager Grayscale has launched the Grayscale Decentralized AI Fund, providing investors exposure to decentralized AI protocols (Read more).

• SoundHound, which makes audio recognition software, has partnered with the automaker Stellantisto integrate ChatGPT into its vehicles’ digital assistants. This will allow the assistants to help with far more complex tasks than just calling someone (Read more).

• Apple reached a record high this week after Morgan Stanley and Loop Capital raised their price targets on its shares and designated the stock as a “top pick,” citing the company’s AI efforts as a boost to device sales (Read more).

THIS WEEK’S DIAMOND IN THE ROUGH 💎

This week’s diamond in the rough is “traveling” under Wall Street’s radar. 🔔

This week’s diamond in the rough:Cerence(CRNC).

How is AI helping Cerence? Cerence is carving a niche in the software application sector by providing AI-powered virtual assistants tailored for the mobility and transportation markets. This is done primarily through their CaLLM system, which allows drivers to talk to transportation-focused LLMs in natural language. Given that AI is making its way more and more into the transportation sector, Cerence’s software solutions are paving the way for the future of travel.

Want some numbers? Analysts forecast an EPS of $1.35 for fiscal 2024, a significant leap from last year’s 36 cents. Revenue projections are equally promising, with sales expected to reach $359.96 million, representing a 22.2% growth from the previous year’s $294.5 million. The high-side estimate even suggests revenue could hit $379.3 million. Cerence is one or two major automobile deals away from making huge noise in the market. Currently undervalued at 1.13X trailing-year sales, Cerence stands out as a potential gem.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

FRY-NANCIAL TOOL OF THE WEEK 🔧

My doctor says I have narcissistic personality disorder, but that's impossible. As the smartest man alive, I think I would have noticed. 🙃

What’s the tool?Finance Rants leverages AI to help users reflect on their financial personality and make more informed spending decisions.

How does it work?

1. Take a quiz: Answer questions about your financial personality.

2. Get personalized insights: Receive an in-depth analysis of your financial behavior, with actionable strategies tailored to your personality.

3. Claim your personalized AI assistant: Meet your personal AI assistant, crafted from your financial habits and insights to offer personalized guidance and support, helping you make smarter financial decisions every day.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, Charles!🎉

Charles gave us a Sizzlin’ review on Sunday’s Deep-fried Dive with Fry Guy and wrote, “This is extremely sizzling hot friends!”

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

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“Like many things, it depends how people use the technology. Of course there are concerns, but overall I’m very excited about AI!” (Excited! 😁)

“What’s not to be excited about?” (Excited! 😁)

“I’m especially worried about how this could help spread false information through fabricated and AI edited images and videos.” (Worried … 😨)

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