Markets Move In Anticipation Of NVDA ER 🐳| NVDA + Dell Partnership 🔑 | Microsoft Unveils AI Chips & Co-Pilot+ Laptops 🧑💻 | Jamie Dimon Departure Sooner Than Expected? 🤔
Stocks Chop While Investors Wait On 👀
Monday saw a day of highs and lows in the market with the Nasdaq Composite clinching a record close off the momentum of Nvidia’s anticipated earnings later this week. Investors have become more optimistic about the Federal Reserve delivering a rate cut despite the caution thrown out by policy makers. Let’s take a look at how our indexes performed:
The S&P500 saw a 0.1% bump
The Dow Jones Industrial Average dipped below 40k following a massive drop in shares
The Nasdaq Composite saw a 0.5% drop to start the week after a record setting Friday
Now eyes shift to Wednesday on the economic front with the release of minutes from the Fed meeting in May, today Fed Vice Chair of Supervision Michael Barr pointed to a disappointing inflation in Q1 as a reason to hold rates higher for longer.
On our corporate front is set to release its earnings Wednesday and the key catalyst for a massive rally in the market. Expectations could not be higher with a EPS having seen 400% growth and revenue seeing a 240% growth, now it comes down to can the AI chip maker deliver. saw a 5% decline in their action today after CEO Jamie Dimon hinted at retirement coming closer than people may think especially Wall Street.
Dell & NVDA Partnership Set To Bring AI-Enabled Workstations To Masses 👀
Nvidia CEO Jensen Huang announced a partnership with Dell Technologies to expand artificial intelligence capabilities to a broader range of customers. The collaboration aims to help businesses and organizations create their own “AI factories.” Huang emphasized the importance of delivering an entire infrastructure, not just a product, to support AI development. Dell, a significant provider of computing infrastructure, will enable Nvidia to reach government agencies and businesses, a market it doesn’t directly serve. Nvidia’s growth has been driven mainly by data center operators, including Microsoft, Meta, Amazon, and Alphabet. However, Dell is also a significant customer.
Nvidia’s expansion strategy relies on encouraging agencies and businesses to develop their own AI capabilities, which will increase demand for Nvidia’s products. Dell will provide the necessary storage, networking, and computing infrastructure. Michael Dell, Dell’s CEO, praised Nvidia’s innovation and its ability to spread AI technology across various industries.
Nvidia’s stock has risen more than 90% this year, while Dell has also seen a 90% increase. Nvidia is set to report its latest earnings on Wednesday, with analysts estimating a 243% sales growth last quarter. Dell unveiled a new line of AI-optimized PCs, while Nvidia remains the leading seller of AI accelerators. Huang declined to comment on whether Nvidia would produce central processing units (CPUs), which would put it in direct competition with Intel, AMD, and Qualcomm. Michael Dell playfully suggested Huang return next year to discuss potential moves into the CPU market.
Microsoft Unveils Copilot+ PCs with AI Chips & GPT-4o Integration 💻
Microsoft has announced a new category of PCs called Copilot+ PCs, equipped with AI chips and running on Microsoft’s latest version of Windows 11 and Copilot AI software. These PCs will now run on OpenAI’s GPT-4o model, allowing users to interact with their PC via text, video, and voice. Microsoft CEO Satya Nadella emphasized the importance of AI experiences that harness the power of the cloud and the edge, leading to a new category of devices that turn the world into a prompt. Copilot+ PCs are an offshoot of AI PCs, which run on Intel, AMD, and Qualcomm chips with built-in neural processing units. These new PCs will include 16GB of RAM and 256 GB of storage for optimal performance. In a demonstration, a user asked Copilot how to craft a sword in Minecraft, and the assistant could see what the user was doing and guide them through the process. Microsoft plans to integrate Copilot for various gaming apps, and it will run on the PC’s NPU rather than its GPU, ensuring no impact on overall performance.
Microsoft also highlighted the performance of Copilot+ PCs, claiming a 20% longer battery life, 23% better peak performance, and 58% better sustained multithread performance compared to Apple’s MacBook Air. The company demonstrated Adobe’s Photoshop running on its Surface laptop, outperforming Apple’s MacBook Air with M3 chips in certain tasks. Copilot+ PCs will be featured in Microsoft’s Surface Laptop and Surface Pro devices, as well as products from Acer, ASUS, Dell, HP, Lenovo, and Samsung. This announcement comes just weeks before Apple’s WWDC developer event, where the company is expected to debut its own AI features across its product lines.
