NVIDIA (NVDA) STOCK CRASH!

TL;DR

Mega cap tech stocks experienced pullbacks, with Meta sliding down by 4%. Elon Musk and Mark Zuckerberg are potentially engaging in an epic battle in Italy. Apple and Broadcom may have reached a settlement in a patent case. Amazon is in talks to anchor an IPO for ARM. Netflix is facing an ongoing strike in Hollywood that may impact streaming. Nvidia received orders for its chips worth $5 billion from Chinese companies. Google and GM's Cruise and Waymo plan to expand their driverless vehicle operations in San Francisco. Microsoft's chat GPT sees increased usage among US corporations. Tesla's CFO departs, while the stock faces a potential buying opportunity.

Transcript

what is going on investors hopefully guys are doing well out there that is right it is Friday and it's time for the Fang stock recap show here on the investor Channel where every Friday we recap all the major news and the technical chart patterns from all the major Fang stocks this week we are finally realizing and seeing that pullback that we've b... Read More

Key Insights

• ❤️‍🩹 Mega cap tech stocks experienced pullbacks, signaling a potential end to the extended period of market growth.
• 🧑‍💻 Legal battles and patent disputes continue to affect major tech companies, potentially impacting their operations and market position.
• 😒 The expansion of self-driving vehicle operations and the use of AI technology in corporate settings reflect the ongoing advancements in the tech industry.
• 🤨 The departure of Tesla's CFO raises questions about the company's future leadership and strategic direction.

Questions & Answers

Q: What is the latest development in Elon Musk and Mark Zuckerberg's feud, and where might they battle it out?

Elon Musk stated that the battle would take place in ancient Rome, although the prime minister of Italy denied agreeing to hold the fight in the city.

Q: How many units of AR glasses does Meta plan to build, and what features will they have?

Meta plans to build approximately 1,000 units of its new AR glasses. The glasses will have upgraded features such as wristbands to control them wirelessly and lenses containing silicon carbide, commonly found in electric vehicles.

Q: What legal disputes is Apple involved in, and what are the potential outcomes?

Apple may have reached a settlement in a patent case with Caltech regarding Wi-Fi patents. Additionally, Apple won a reprieve in the Supreme Court against Epic Games regarding App Store fees, potentially delaying a change in payment practices.

Q: What are the potential implications of Amazon's involvement in talks to anchor an ARM IPO?

ARM is a licensing firm that licenses designs to smartphone and laptop makers. Amazon's participation in the IPO may threaten ARM's dominance in the mobile computing space and its server designs.

Q: How is Microsoft's chat GPT being used by corporations, and how might its role expand?

Corporations in the US have reported a 28% usage rate of chat GPT. It is expected that this percentage will continue to rise as AI technology becomes more prevalent in corporate settings.

Summary & Key Takeaways

• Mega cap tech stocks, including Meta, Apple, Amazon, Netflix, Nvidia, Google, Microsoft, and Tesla, experienced pullbacks this week.

• Elon Musk and Mark Zuckerberg may engage in a location battle in Italy, while Apple and Broadcom potentially settle in a patent case.

• Amazon is involved in talks to anchor an ARM IPO, and Netflix faces a strike impacting TV and streaming. Nvidia receives significant chip orders from Chinese firms.

• Google's Cruise and Waymo expand self-driving operations in San Francisco, and Microsoft's chat GPT usage increases among US corporations.

• Tesla's CFO departs, while the stock presents a potential buying opportunity.