MARKET RECAP → The New York Stock Exchange (“NYSE”) opened Monday with a 9-minute moment of silence to pay tribute the victims and heroes of September 11th. All three major stock indexes closed higher as investors prepare for a big week of economic data and corporate events. TESLA’s DOJO MOJO → ? Tesla’s (TSLA) shares rose 10% on Monday as Morgan Stanley sees its Dojo supercomputer driving a potential $600 billion market cap boost, with vast horizons beyond just cars. Buckle up, investors!
THREE TECH EVENTS TO WATCH THIS WEEK → 1) Apple’s (AAPL) iPhone 15 reveal faces China challenges, 2) Arm Holdings’ ambitious IPO teeters on valuation, and 3) Google’s (GOOG) courtroom drama could reshape search landscapes.
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| Sean Horgan Head of Investor Relations @ MoneyLion
$shorgan |
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? Supercomputer Surge: Tesla’s (TSLA) stock soared by 10% after Morgan Stanley predicted that the company’s Dojo supercomputer could catalyze a whopping $600 billion increase in its market cap. This tech marvel, designed to train AI models for autonomous vehicles, could also propel Tesla into the realms of robotaxis and software services. ? Beyond Cars: Morgan Stanley’s analysts highlighted that Dojo’s capabilities aren’t just limited to vehicles. Imagine any device equipped with a camera making real-time decisions based on its visual surroundings. The potential is vast, and the market for AI is even vaster.
? Stock Shuffle: Amidst these developments, Morgan Stanley upgraded Tesla’s stock from “equal-weight” to “overweight”, projecting a 60% increase in its 12-18 month target. This optimistic forecast pegs Tesla’s market cap at a staggering $1.39 trillion, a significant leap from its previous $789 billion valuation. |
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THREE TECH EVENTS TO WATCH THIS WEEK |
? Apple’s “Wonderlust” Woes: Apple (AAPL) is set to unveil the iPhone 15, with minor tweaks like a USB-C shift and enhanced cameras. However, global smartphone sales are dwindling, and China’s growing nationalism poses threats to Apple’s market share, especially with the recent ban on iPhones for government officials.
? Arm’s Ambitious Ascent: Chip design giant Arm Holdings, acquired by SoftBank in 2016, is eyeing a $50 billion valuation with its upcoming IPO. Despite its pivotal role in the chip market and interest from tech behemoths, Arm’s heavy reliance on China and its lofty valuation could deter investors.
? Google’s Judicial Joust: The Department of Justice’s antitrust case against Google (GOOG), accusing it of monopolistic practices in internet search, heads to trial. The spotlight is on Google’s exclusive search deal with Apple, which, if severed, could pave the way for Apple’s own search engine or boost Microsoft’s Bing. How’s that for a plot twist? |
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The Charter-Disney showdown didn’t transform the TV industry, after all, despite the hype (CNBC) Elon Musk moving servers himself shows his ‘maniacal sense of urgency’ at X, formerly Twitter (CNBC)
The iPhone 15 is coming: Everything to expect from Apple’s big event (MarketWatch)
Smucker Sets Sights on Snacks with $4.6 Billion Twinkie Deal (WSJ – paywall)
IRS, With AI Help, Readies Audits of Large Hedge Funds, Real Estate Firms (WSJ – pawall)
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Source: Wolfram Alpha. Note: The table above includes rough estimates and the actual monthly payments may vary based on additional factors such as property taxes, homeowner’s insurance, and other fees. |
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