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  • Stonks: $NVDA and $TSM, $GOOG acquire, Burberry down, $AAPL AI

Stonks: $NVDA and $TSM, $GOOG acquire, Burberry down, $AAPL AI

Author

Michael Luo
July 15, 2024

Here’s the latest “under the radar” stock news from Reddit in the last 24 hours that you don’t want to miss, as picked by Fluid Bot’s AI.

NVDA Raises TSMC Orders by 25%, GB200 Demand Estimates Increase by 50%

  • Reddit sentiment: positive

  • NVDA is increasing orders for TSMC by 25% and GB200 sales estimates have increased by 50%

  • This is due to the production of NVIDIA's latest Blackwell platform architecture GPU by TSMC

  • The price range for each configuration (NVL36 vs NVL72) of the chip is between $1.8M - $3M

  • Major companies like Amazon, Dell, Google, Meta, and Microsoft will be using these chips in their AI servers, leading to an increase in orders

  • Former and current TSMC chairmen are optimistic about the growth of AI applications this year

  • TSMC ($2330) is rumored to be producing NVIDIA GPUs, sparking industry excitement

  • NVIDIA GPUs with Blackwell architecture are expected to revolutionize AI servers

  • Analysts predict high prices for NVIDIA GPUs, boosting TSMC's revenue

  • NVIDIA's AI chips are highly anticipated by major tech companies like Amazon, Dell, Google, Meta, and Microsoft

  • NVIDIA has increased orders to TSMC by 25%, with a significant boost in GPU shipment volumes

  • TSMC's former chairman, Morris Chang, and current chairman, Mark Liu, express optimism about the growth of AI applications

  • The AI market is expanding rapidly, with a focus on high-performance AI chips and servers

Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal

  • Reddit sentiment: mixed

  • Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion

  • Wiz was founded in 2020 and has grown rapidly

  • Wiz provides cloud security insight, appealing to large firms

  • Google's largest acquisition if completed

  • Google has made large cyber acquisitions before

  • Google facing antitrust scrutiny, but still pursuing acquisitions like Wiz

Burberry shares drop 15% after the luxury giant issues profit warning and replaces CEO

  • Reddit sentiment: mixed/negative

  • $BRBY (Burberry) stock dropped 15% after profit warning

  • Burberry named Joshua Schulman as new CEO, suspended dividend

  • Comparable store sales fell 21% in Q1

  • Company plans cost savings, focus on everyday luxury offer

  • Previous CEO launched turnaround plan in 2017

  • Burberry shares dropped over 16% after issuing a profit warning and replacing its CEO

  • If recent trading trends continue, Burberry expects to report a first-half operating loss and full-year operating profit below expectations

  • The company suspended its dividend and named Joshua Schulman as the new CEO

  • Comparable store sales fell 21% in the 12 weeks to June 29

  • Company plans to focus on rebalancing products, refining brand communications, refreshing the website, and delivering cost savings

  • Burberry has been battling dwindling luxury appetite in major markets due to economic concerns

Morgan Stanley names Apple as a "top pick" for AI efforts, raises price target from $216 to $273 ($4.2T market cap)

  • Reddit sentiment: mixed/positive

  • $AAPL stock rose 2.5% to record high after Morgan Stanley raised price target

  • New Apple Intelligence technology boosting device sales

  • Only compatible with 8% of iPhones and iPads, potential to sell nearly 500 million iPhones next two years

  • Morgan Stanley raised price target to $273 from $216

  • Industry analysts expect Apple to lead global smartphone market recovery

  • Apple sold 45.2 million smartphones in three months ending June