Apple AI - Disappoints (or confuses)
NVDA - passes AAPL market cap
Treasury yields moving within a range
Beanstalk - what is that story again?
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
NO SHOW NET WEEK - OUT ON BIZ FOR A FEW DAYS
Warm Up
- Apple AI - Disappoints (or confuses) - for a minute
- NVDA - passes AAPL market cap
- Treasury yields moving within a range
- Beanstalk - what is that story again?
- Fed in play
Market Update
- Large Caps dominate June (thus far) - Small-caps out of favor
- Buyers are hungry - any dip is bought
- Economic confusion - Jobs report
- NVDA - 10:1 completed (now what?)
Apple WWDC - Pins and Needles
- Features will go beyond artificial intelligence to personal intelligence.
- Will protect privacy at every step.
Capabilities:
- Will enable iPhone to create language and images.Language understanding will be natural.
- New writing tools can summarize text when you are working on a blog post.
- Users can create new emojis for conversation.
- Images can be created in three styles.
Actions:
- Will allow hundreds of "actions" such as "show me my photos from last week" or "show me the podcast my mom wanted me to listen to last week."
- Apple Intelligence is powered by large language models.
- Introduces Apple Private Cloud with personalized AI.
- Siri will be able to take AI enabled actions. It will allow for more natural language.
---- Market not impressed - was hoping for BIG AI announcement from Apple.
------ Stock down on this news - then POPS to ATH on Tuesday
Elon on Apple AI
- Elon Musk said he would ban Apple Inc. devices from his companies if OpenAI’s software is integrated into the products at the operating system level.
- The remarks followed a presentation Monday by Apple Inc., when it said that customers would have access to OpenAI’s ChatGPT chatbot through the Siri digital assistant. Apple plans to roll out the capabilities as part of a suite of new AI features later this year.
Jobs report
- May nonfarm payrolls increased by 272,000 (Briefing.com consensus 185,000).
- The 3-month average for total nonfarm payrolls increased to 249,000 from 237,000.
- April nonfarm payrolls revised to 165,000 from 175,000. March nonfarm payrolls revised to 310,000 from 315,000.
- May average hourly earnings were up 0.4%
- Unemployment rate moved up to 4%
--- YET - still HOPE for 1-2 rate cuts this year
OOPS
- Toyota - company has lost %15B market cap after false data found
- Japan's transport ministry found false data used to certify certain models a week ago on Monday.
- Other companies too - Toyota, Mazda, Suzuki, Yamaha
-- Companies falsifying data used in safety tests.
- Toyota chairman: "tested using methods that differ from the standards defined by the national authorities."
--- Collusion????
Gold - Short Supply?
- According to the World Gold Council - Gold hard to find
- New gold deposits are becoming harder to find around the world as many prospective areas have already been explored
- Gold Strategist: "I think the overwhelming story there is: after 10 years of rapid growth from around 2008, the mining industry is struggling to report sustained growth in production," said Reade.
- Bottom Line: "It's getting harder to find gold, permit it, finance it, and operate it,"
Game-Stop Already
- Shares tank 40% after another big run up - Keith Gill live stream
- Continues to post cryptic messages now that he is back
- Must be bored
Panic Buttons
- Retail giant Walmart says it is against putting panic buttons in stores - a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe.
NVDA - passes AAPL market cap
Treasury yields moving within a range
Beanstalk - what is that story again?
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
NO SHOW NET WEEK - OUT ON BIZ FOR A FEW DAYS
Warm Up
- Apple AI - Disappoints (or confuses) - for a minute
- NVDA - passes AAPL market cap
- Treasury yields moving within a range
- Beanstalk - what is that story again?
- Fed in play
Market Update
- Large Caps dominate June (thus far) - Small-caps out of favor
- Buyers are hungry - any dip is bought
- Economic confusion - Jobs report
- NVDA - 10:1 completed (now what?)
Apple WWDC - Pins and Needles
- Features will go beyond artificial intelligence to personal intelligence.
- Will protect privacy at every step.
Capabilities:
- Will enable iPhone to create language and images.Language understanding will be natural.
- New writing tools can summarize text when you are working on a blog post.
- Users can create new emojis for conversation.
- Images can be created in three styles.
Actions:
- Will allow hundreds of "actions" such as "show me my photos from last week" or "show me the podcast my mom wanted me to listen to last week."
- Apple Intelligence is powered by large language models.
- Introduces Apple Private Cloud with personalized AI.
- Siri will be able to take AI enabled actions. It will allow for more natural language.
---- Market not impressed - was hoping for BIG AI announcement from Apple.
------ Stock down on this news - then POPS to ATH on Tuesday
Elon on Apple AI
- Elon Musk said he would ban Apple Inc. devices from his companies if OpenAI’s software is integrated into the products at the operating system level.
- The remarks followed a presentation Monday by Apple Inc., when it said that customers would have access to OpenAI’s ChatGPT chatbot through the Siri digital assistant. Apple plans to roll out the capabilities as part of a suite of new AI features later this year.
Jobs report
- May nonfarm payrolls increased by 272,000 (Briefing.com consensus 185,000).
- The 3-month average for total nonfarm payrolls increased to 249,000 from 237,000.
- April nonfarm payrolls revised to 165,000 from 175,000. March nonfarm payrolls revised to 310,000 from 315,000.
- May average hourly earnings were up 0.4%
- Unemployment rate moved up to 4%
--- YET - still HOPE for 1-2 rate cuts this year
OOPS
- Toyota - company has lost %15B market cap after false data found
- Japan's transport ministry found false data used to certify certain models a week ago on Monday.
- Other companies too - Toyota, Mazda, Suzuki, Yamaha
-- Companies falsifying data used in safety tests.
- Toyota chairman: "tested using methods that differ from the standards defined by the national authorities."
--- Collusion????
Gold - Short Supply?
- According to the World Gold Council - Gold hard to find
- New gold deposits are becoming harder to find around the world as many prospective areas have already been explored
- Gold Strategist: "I think the overwhelming story there is: after 10 years of rapid growth from around 2008, the mining industry is struggling to report sustained growth in production," said Reade.
- Bottom Line: "It's getting harder to find gold, permit it, finance it, and operate it,"
Game-Stop Already
- Shares tank 40% after another big run up - Keith Gill live stream
- Continues to post cryptic messages now that he is back
- Must be bored
Panic Buttons
- Retail giant Walmart says it is against putting panic buttons in stores - a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe.
Activity