Thijme Schriek @DrWily: "- 𝗢𝗽𝗲𝗻𝗔𝗜 𝗖𝗵𝗶𝗽𝘀, 𝗪𝗲𝗮𝗸 𝗝𝗼𝗯..."

Netherlands

- 𝗢𝗽𝗲𝗻𝗔𝗜 𝗖𝗵𝗶𝗽𝘀, 𝗪𝗲𝗮𝗸 𝗝𝗼𝗯 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗔𝗻𝗱 𝗠𝗼𝗿𝗲... - Today, we will look at some critical news stories, so let's get started! - 𝗢𝗽𝗲𝗻𝗔𝗜 𝗪𝗮𝗻𝘁𝘀 𝗧𝗼 𝗠𝗮𝗸𝗲 𝗖𝗵𝗶𝗽𝘀 - We all know that Nvidia is the largest supplier of chips for the current AI revolution, and this has been incredibly profitable. So many companies want to get in on the action, and AMD and Intel are doing their best to gain market share. However, OpenAI and Broadcom now plan to design their own chips for internal use next year. Broadcom, earlier this week, referred to a mystery new customer committing to $ 10 billion in orders, and it appears that this customer is OpenAI. Now they aren't the only ones developing their own chips; other major Nvidia customers, such as Meta, Google, and Amazon, are doing the same. So while this is good news for companies like Broadcom, it could be bad news for Nvidia, which will likely lose market share due to this. Source: www.ft.com/content/e8cc6d99-d06e-4e9b-a54f-29317fa68d6f - 𝗪𝗲𝗮𝗸 𝗝𝗼𝗯 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 - Now, following the extensive revision of previous job reports, most economists have become increasingly bearish on the labor market in general. It seems like the strict monetary policy of the Fed is finally affecting the broader economy, and the most recent report is also not great. Quote: "The August jobs report released Friday by the Bureau of Labor Statistics (BLS) showed there were just 22,000 new jobs added to the economy last month, far fewer than forecast and the latest sign that the US labor market has cooled in recent months. The unemployment rate rose to 4.3% last month. Economists had expected the report to show 75,000 jobs were created in August with the unemployment rate forecast to rise to 4.3%, according to data from Bloomberg." Over the last three months, we have seen job growth average just 10,000 per month, which is absolutely nothing. Now, even though unemployment is still low at the moment, and it could stay low due to a graying and even shrinking population, this could still affect economic growth. If the main problem is new workers due to, for example, Trump's immigration policy, it could hamper the economy. But regardless of that, all of this is a bad sign. Source: finance.yahoo.com/news/us-economy-adds-22000-jobs-unemployment-rate-hits-43-in-august-as-labor-market-continues-dramatic-slowdown-153001609.html - 𝗧𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗘𝘂𝗿𝗼 𝗜𝘀 𝗖𝗼𝗺𝗶𝗻𝗴... 𝗠𝗮𝘆𝗯𝗲? - Previously, I made posts discussing the absolute dominance of the US dollar in the global online currency market. Consider coins like USDC, USDT, Dai, PayPal USD, and others; all of these have billions of value locked in them. Now the EU wants to do something about this; the solution is promoting Euro stablecoins and also launching its own in 2029. However, many lawmakers criticize the idea, with the most significant issues being privacy, connectivity, and commercial banks. Now the first two were "solved" when it was made clear that the central bank will not know anything about the payer and the payee, and that an offline solution for the digital currency will be as good as cash in terms of preserving the privacy of the people. However, still, many are concerned with the impact it could have on commercial banks, because obviously, many would choose to go with the central bank. So clearly, it could take a while before the central bank coin is released, and I am not sure if they can solve these issues in time. Source: cointelegraph.com/news/digital-euro-ecb-lawmakers-privacy-risks If you liked this short post, FOLLOW my profile for more; if you agree with my investing philosophy, COPY my portfolio to join the ride! My Performance speaks for itself! ✅ +40% in 2024! ✅ Well-diversified portfolio! ✅ Long-term mindset! ✅ Low-risk score of only 4! Be sure to copy my portfolio! $META (Meta Platforms Inc) $NVDA (NVIDIA Corporation) $AVGO (Broadcom Inc) $GOOG (Alphabet) $MSFT (Microsoft)

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