Daily Stock Picks Open AI and $MSFT drama - 11-20-23 Market Update
Crazy weekend of news around Artificial Intelligence. This will make the best $NFLX documentary that's already in production I'm sure. $MSFT just took a huge leap forward without spending all the money they pledged.
$NVDA earnings - I would play $SMCI
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NOTES
$msft hiring Sam and Greg means it took a step back in ai but if managed correctly then they have the lead. They owned 49% of open ai and now own 100%. Win for $msft. OpenAI on the other hand may have a skeletal staff and $msft can back out of that deal at any moment. My opinion - the board was inept and wanted to hold control. Even if they had fears of general ai being achieved - they took any investor or any manager at that company (all of which were hired by Sam) and said “we don’t want to be a profitable company. The board was filled with people who didn’t think through things.
Twitter is filled with this message including from the person the board said was ceo on Friday and just replaced. It’s clear they are all following Sam and there will be some people left to help Sam and Greg dismantle open ai.
All on Friday
KIND OF INSANE THE AMOUNT OF STUFF THAT HAS HAPPENED AND COME OUT IN THE LAST 2 HOURS
OPENAI CEO AND FOUNDER SAM ALTMAN WAS FIRED
TESLA SHORT SELLER JIM CHANOS IS SHUTTING DOWN HIS HEDGE FUND
APPLE IS STOPPING ALL ADVERTISING ON TWITTER IMMEDIATELY
DISNEY ALSO STOPPING ALL ADVERTISING ON TWITTER IMMEDIATELY
FIDELITY FILED FOR AN ETHEREUM ETF
CITI BANK WILL BE STARTING MASS LAYOFFS NEXT WEEK
Last weeks etf winners and losers
Market cap and divergence charts posted in the newsletter
$coin back over $100
$ai back at $30
OPEC considering production cuts - again - supply and demand
$pltr even higher than where I sold it - I have no regerts
My weekly stock this week - $INTC
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ROST - inside afternoon candle on the 4 hour with a gap below from earnings
AIG
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