| From the Editor's Desk
How did a small developer of graphics cards for gamers suddenly become the third most valuable firm on the planet? | John Naughton A funny thing happened on our way to the future. It took place recently in a huge sports arena in San Jose, California, and was described by some wag as “AI Woodstock”. But whereas that original music festival had attendees who were mainly stoned on conventional narcotics, the 11,000 or so in San Jose were high on the Kool-Aid so lavishly provided by the tech industry.
They were gathered to hear a keynote address at a technology conference given by Jensen Huang, the founder of computer chip-maker Nvidia, who is now the Taylor Swift of Silicon Valley. Dressed in his customary leather jacket and white-soled trainers, he delivered a bravura 50-minute performance that recalled Steve Jobs in his heyday, though with slightly less slick delivery. The audience, likewise, recalled the fanboys who used to queue for hours to be allowed into Jobs’s reality distortion field, except that the Huang fans were not as attentive to the cues he gave them to applaud.
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WorkWorkWorkA Times Photographer Went on a Gaza Airdrop. Here’s What He Saw. The dozens of pallets pushed out of the planes on Thursday included thousands of meals, the Jordanians said. But airdrops are inefficient and expensive, humanitarian officials say, with even big military cargo planes delivering less than a single convoy of trucks could. WorkPolice Raid Peruvian President’s Home, Looking for Rolex Watches The investigation into Ms. Boluarte began on March 18, after the online news program La Encerrona revealed that she had started wearing increasingly expensive watches, including at least one Rolex, since taking office in December 2022. Prosecutors suspect her of violating the country’s laws against unlawful enrichment and failing to declare assets. In Peru, the elected authorities must report to the government any assets worth more than 10,300 soles, or about $2,774, and disclose any gifts received from third parties. 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WorkBeware Nvidia and the S&P 500 ‘index waltz,’ says this market-beating fund manager Meanwhile, the latest mania is especially concentrated among large-cap growth stocks, such as the Magnificent Seven. Cheaper, less exciting value stocks have been left behind. So the Vanguard Value ETF VUV has substantially underperformed the Vanguard Growth ETF VUG, especially since the mania around artificial intelligence and the Magnificent Seven really took off early last year. For that matter, so have international stocks. Dialing back on the euphoria doesn’t have to mean getting out of the market altogether. WorkMy Oh My, This 5.7% Yield Dividend Stock Is a Magnificent Buy Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. WorkI'm 59 With a $1.4 Million Net Worth and $5k in Monthly Expenses. Can I Retire Now? A financial advisor can help you build a comprehensive retirement plan. Finding a financial advisor doesn\'t have to be hard. SmartAsset\'s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you\'re ready to find an advisor who can help you achieve your financial goals, get started now. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us | Advertise Privacy Policy | Unsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India |
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