📈 Altman’s OpenAI Overhaul

Advertise with us | Our Newsletters | Your Rewards

Good Morning & happy Friday!

We’ve got Super Micro under investigation, OpenAI’s major funding shift, Bitcoin’s huge ETF inflows, and ex-Apprentice contestants dumping their Trump Media stock. Plus, is China’s new stimulus enough to save its economy?

Grab your flat white and let's get into it! ☕️👇️

Markets

Stocks traded with mixed results toward the end of a week that saw US and European benchmarks reach record highs, supported by optimism around central bank easing and stimulus from China. Meanwhile, the yen swung to gains after the results of Japan's elections.

🚨 Super Micro tumbles after Justice Department starts probe
Super Micro Computer is under investigation by the U.S. Justice Department following claims made by an activist short-seller. The server maker’s stock dropped 12% after the news broke. The investigation, still in its early stages, is tied to allegations of accounting violations raised by a former employee, who filed a whistleblower suit in April.

🤖 OpenAI’s for-profit switch
OpenAI’s unique structure, a partnership between its original nonprofit and a capped-profit arm, played a role in last year’s brief board coup against CEO Sam Altman and Elon Musk’s recent lawsuit. But things may soon change as the company negotiates a massive funding round that could value it at over $150 billion.

🪙 Bitcoin Holds Above $64K, breaking month-long downtrend
U.S. spot Bitcoin ETFs saw a huge inflow of $365 million in a single day, according to SoSoValue, marking one of the largest days on record. This brings the weekly total to over $600 million.

🇺🇸 Ex-‘Apprentice’ participants dump nearly their entire stake in Trump’s DJT stock 
A Florida firm owned by former Apprentice contestants has sold nearly all of its 5.5% stake in Trump Media & Technology Group, leaving just 100 shares. TMTG, the parent company of Truth Social, has seen its stock drop from an all time-high of $79.38 to $13.98.

You missed Amazon. You don't have to again.

Amazon, once a small online bookstore, grew into a global behemoth, transforming industries along the way. Now, imagine yourself at the forefront of the next revolution: AI.

In The Motley Fool's latest report, uncover the parallels between Amazon's early trajectory and the current AI revolution.

Experts predict one of these AI companies could surpass Amazon's success with market caps nine times larger.

Yep, you read that right. Don't let history repeat itself without you.

Sign up for Motley Fool Stock Advisor to access the exclusive report.

From our partners

Top Gainers

🖥️ Micron rises 13% as strong forecast impresses AI-hungry investors (Reuters)
👨‍🔬 Jabil jumps 10%+ on restructuring plans (Finimize)
👜 Estée Lauder Stock Climbs After China Unveils Economic Stimulus (Investopedia)

ECONOMY

Is China’s Stimulus Enough?

China’s central bank dropped its biggest post-Covid stimulus in response to growing concerns of a “prolonged structural slowdown.”. The package includes mortgage interest rate cuts and other measures to help kickstart the struggling economy. Good news? Sure. But some experts think it’s a little late. "Better late than never," said Gary Ng from Natixis.

Bloomberg called it a "massive adrenaline shot" for an economy hit by a shaky property market, weak consumer prices, and global trade tensions.

Still, this effort doesn’t tackle the bigger issue: shifting from export-heavy manufacturing to boosting domestic consumption. What’s missing? A clear plan to get China’s 1.4 billion people spending more.

On the bright side, Chinese stocks had their best week since 2008 after the stimulus was announced. Plus, China released £106.6 billion in liquidity by cutting bank reserve requirements.

But experts like Tin Lu from Nomura caution that “well-thought policies” are still needed to fix deeper problems, especially in the property sector—which has been shrinking for four years straight.

While the move is a big step, there’s a long road ahead for China’s economy.

Our Recommendations:

💻️ MEXC - Where we find and trade Crypto with low fees.
📈 TradingView - Software we use to chart stocks.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in gaming - check out our other newsletter!

Share The Investing Journal with your friends to receive rewards!