Jerry Lin
The Latest
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Nvidia on a Roll! Makes Triple Investment in Generative AI Unicorns, Boosts TSMC's 5nm Production
Nvidia is having a strong year, both in the first half and particularly this week. Amid the new surge of interest in generative AI, Nvidia has become one of the hottest stocks, with a soaring 185% increase in its share price this year, pushing the company's market value over the $1 trillion threshold and placing it far ahead in the hardware race for generative AI and large model research and development. 
Nvidia is having a strong year, both in the first half and particularly this week. Amid the new surge of interest in generative AI, Nvidia has become one of the hottest stocks, with a soaring 185% increase in its share price this year, pushing the company's market value over the $1 trillion threshold and placing it far ahead in the hardware race for generative AI and large model research and development. -
Market Overview: Robust Economic Data Fuels Expectation of Dual Rate Hikes, Stocks Fluctuate amid Rising Treasury Yields
The U.S. economy exhibited further signs of resilience as the growth rate for Q1 GDP was significantly revised upward, driven by strong consumer spending. Meanwhile, the inflation indicator PCE price index for the same quarter was marginally revised downward, contrary to initial predictions that it would remain stable. 
The U.S. economy exhibited further signs of resilience as the growth rate for Q1 GDP was significantly revised upward, driven by strong consumer spending. Meanwhile, the inflation indicator PCE price index for the same quarter was marginally revised downward, contrary to initial predictions that it would remain stable. -
Brainard Predicts U.S. Inflation Could Drop to 2% by Year's End with Current Policies
On Thursday, June 29, Lael Brainard, President Biden's Chief Economic Advisor and the Director of the National Economic Council, said that the U.S. inflation data should improve in the second half of the year and likely drop to around 2% by the time of the November 2024 elections. 
On Thursday, June 29, Lael Brainard, President Biden's Chief Economic Advisor and the Director of the National Economic Council, said that the U.S. inflation data should improve in the second half of the year and likely drop to around 2% by the time of the November 2024 elections. -
Shein Denies Rumors of U.S. IPO Despite Media Reports
Online fashion retailer Shein, reportedly valued over $60 billion, denied rumors that the company is planning to go public in the United States, according to a company spokesperson's email. This follows media reports suggesting that the Chinese company had filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). 
Online fashion retailer Shein, reportedly valued over $60 billion, denied rumors that the company is planning to go public in the United States, according to a company spokesperson's email. This follows media reports suggesting that the Chinese company had filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). -
Robust Consumer Spending Fuels Surprising First-Quarter U.S. GDP Growth
In an unexpected turn of events, the U.S. economy's annual growth rate for the first quarter of 2023 has been revised upwards by 0.7%, to a solid 2%, exceeding market expectations of 1.4%, according to final data from the U.S. Department of Commerce, published on June 29. 
In an unexpected turn of events, the U.S. economy's annual growth rate for the first quarter of 2023 has been revised upwards by 0.7%, to a solid 2%, exceeding market expectations of 1.4%, according to final data from the U.S. Department of Commerce, published on June 29. -
Major Central Banks Tighten Grip: More Monetary Contractions Ahead
At a forum hosted by the European Central Bank, including the leaders of the Federal Reserve, European Central Bank, Bank of England, Banque de France, and Bank of Japan, the heads of central banks all indicated the possibility of further monetary tightening. 
At a forum hosted by the European Central Bank, including the leaders of the Federal Reserve, European Central Bank, Bank of England, Banque de France, and Bank of Japan, the heads of central banks all indicated the possibility of further monetary tightening. -
Potential New U.S. Chip Sanctions Against China Weighs Down Nvidia's Stock
According to a report from Reuters, unnamed sources cited by the Wall Street Journal on June 27 suggested that the Biden administration is considering implementing new sanctions on exports of artificial intelligence chips to China. The rationale behind this potential action arises from concerns that China might use these chips, produced by Nvidia and other companies, for weapons development and cyberattacks. According to a report from Reuters, unnamed sources cited by the Wall Street Journal on June 27 suggested that the Biden administration is considering implementing new sanctions on exports of artificial intelligence chips to China. The rationale behind this potential action arises from concerns that China might use these chips, produced by Nvidia and other companies, for weapons development and cyberattacks. -
Hong Kong's Film Industry Grapples with Censorship Laws: Creativity, Funding, and Actors at Stake
The Hong Kong film industry is grappling with the daunting challenges posed by the newly imposed censorship law. Renowned director Kiwi Chow, known for his globally recognized documentary on Hong Kong's democracy movement, found himself seeking new funding avenues to finish his latest film after potential investors retreated over political fears. 
The Hong Kong film industry is grappling with the daunting challenges posed by the newly imposed censorship law. Renowned director Kiwi Chow, known for his globally recognized documentary on Hong Kong's democracy movement, found himself seeking new funding avenues to finish his latest film after potential investors retreated over political fears. -
Google Hit with Wall Street Downgrade Due to Swift AI Development: Impact on Advertising?
Google, a tech giant, once again felt the pinch of a Wall Street rating downgrade this past Tuesday. Bernstein, a financial research and management firm, issued a warning that Google's rapid advancements in Artificial Intelligence (AI) could pose a threat to its advertising business. 
Google, a tech giant, once again felt the pinch of a Wall Street rating downgrade this past Tuesday. Bernstein, a financial research and management firm, issued a warning that Google's rapid advancements in Artificial Intelligence (AI) could pose a threat to its advertising business. -
Unity's Stock Jumps 15% with AI Market Launch: CEO Claims AI Will Revolutionize Gaming
On Tuesday, Unity's shares surged over 15% after the company introduced an AI software marketplace, the AI Hub, in its Unity Asset Store. This launch is aimed at accelerating the development of AI-driven games and enhancing gameplay. 
On Tuesday, Unity's shares surged over 15% after the company introduced an AI software marketplace, the AI Hub, in its Unity Asset Store. This launch is aimed at accelerating the development of AI-driven games and enhancing gameplay.
