🤝 Google x Nvidia: Titans Unite

GM and Happy Weekend!

Before you head off to a long holiday weekend, let us brief you on the latest finance and tech news.

If you are still on the fence regarding AI, then a partnership between two tech titans might convince you. Google and Nvidia are the latest partners in the AI race. Let us just hope it does not give birth to Skynet.

If you are the type who wants to be different from the crowd, then consider upgrading your phone to Google’s Pixel 8 and changing your car to Kia’s affordable electric compact SUV.

And if you don’t have the dough to upgrade, then consider auto-pilot investing with a Tesla ETF.

Let’s get started. 👓


  • Google and Nvidia Partnership Accelerates AI Race
  • Kia’s $22K EV Revealed
  • Google Pixel 8 Coming Through
  • Tesla ETF – Investing in Autopilot Mode

🤖 Google and Nvidia Partnership Accelerates AI Race

When two giants move, they don’t just make ripples. They make waves that could sweep everything around them. Tech giants Nvidia and Google have partnered to take the artificial intelligence craze to the next level.

The partnership between Google Cloud and Nvidia will create more powerful infrastructures and software to enable developers to create and deploy AI models. Google Cloud will use the NVIDIA H100 Tensor Core GPUs specially designed to accelerate generative AI and large language models (LLMs). LLMs are computer programs that can understand and generate natural human language.

The race is just starting, and thousands of startups and well-established companies are trying to create the next big AI application. A big chunk of this new industry uses Nvidia’s cutting-edge technology. So you better keep an eye on the NVDA ticker.

A collaboration between two companies that individually have more than a trillion dollars in market cap is nothing short of amazing. This is a good example of a match made in heaven, or rather in the clouds.

🚘 Kia’s $22K EV Revealed

The price of getting an electric vehicle (EV) is getting cheaper. The Tesla Model 3 used to sell for $63,000, but with the price discount, it can now be bought for around $40,000. However, if the price is still too steep, consider looking at Kia’s (KRX: 000270) new EV5.

The Korean automotive manufacturer has unveiled the EV5 in China with a surprisingly low price tag of $22,000 for the most basic variant.

If you think a cheap EV won’t offer much, think again. Kia describes the EV5’s interiors as a “home lounge rather than a traditional car cabin.” This means the compact electric SUV has ample room to chill in. The design is in response to Kia’s research that says millennial families do not just use their vehicles solely for transportation but as an additional room to live in as well. Sounds like a plan B, in case your spouse puts you in the doghouse for losing money in meme coins for the nth time.

Unfortunately, there is no news yet when it will arrive in the US. There are rumors that it will be offered starting in 2024.🤞

📳 Google Pixel 8 Coming Through

The smartphone market is dominated by Apple and Samsung. However, if you are the type who wants to go against the grain, then the Google Pixel 8 might catch your fancy. The tech titan is set to release its latest Pixel model in October and rumors have it that can compete with top flagship smartphones.

The Pixel 8 is expected to come with a 6.2-inch OLED display, 8 GB RAM, and a Google Tensor G3 processor. Shutterbugs will be delighted with the rumored 50 MP dual camera for the back and 10 MP camera for the front. Videos and images taken can be stored in the phone’s 128-256 GB memory.

Previous models did not have the best batteries, but the Pixel 8 is expected to have 5% more capacity.

The question is if consumers would be enticed to try out the Pixel lineup instead of the usual iPhones or Samsung Galaxy lineups. Aside from the two brand’s advantage in name recall, their flagship phones will also come with titanium frames. The Pixel 8 has catching up to do, but not impossible if Google puts some muscle into it.

💵 Tesla ETF – Investing in Autopilot Mode

Tesla has been a favorite of the tech industry for a while, but the volatility of its stock shares is a big turn-off for risk-averse investors. However, one exchange-traded fund believes that it can time the market perfectly to maximize gains and mitigate losses.

The name of the proposed fund is Simplify Volt TSLA Revolution ETF, which will trade under the ticker TESL and may trade on the NASDAQ.

According to the prospectus, TESL will invest up to 25% of its net assets into TESLA and the rest will be distributed to other TESLA-related companies and funds that are into autonomous driving and battery innovation.

TESL’s propriety algorithm will take advantage of the market swing highs and lows to get the best returns on investments. So if you don’t have the time and patience to look at charts, then this ETF might be the auto-pilot you have been waiting for.

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“We are very thirsty to make sure that Salesforce is the No. 1 AI CRM, and we have done a lot organically to do that in the last six months,”

– Marc Benioff, CEO of Salesforce

$1 trillion in buybacks was spent by four tech giants in the last 10 years. Apple (NASDAQ: AAPL) is the biggest spender at $621 billion. The other three are Alphabet (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), and META (NASDAQ: META).

A stock buyback is when a company buys its shares on the open market. The global buyback has reached 29%, which is near the highest record.

Microsoft (NASDAQ: MSFT) will unbundle Teams, a chat and video app, from its Office suite. The move was made after the European Commission opened an antitrust investigation, which was prompted by a complaint from Slack, a competing app owned by Salesforce (NYSE: CRM). Full story

OpenAI’s GPTBot web crawler is now blocked by several news outlets, including the New York Times, Reuters, CNN, and Australia’s ABC block. Web crawlers are programs that collect information from web pages. OpenAI’s GPTBot scans the internet to help improve its AI models. According to a Reuter’s spokesperson, “Because intellectual property is the lifeblood of our business, it is imperative that we protect the copyright of our content”. Full story

Tesla (NASDAQ: TSLA) Model 3 inventory vehicles now sell $3,000-$5,000 less. With Tax credits, the EV model can be had for less than $30,000. Why? Because a restyled Model 3 has just been revealed in China. Full story here and here

Salesforce Inc. (NYSE: CRM) shares gained 6% in Thursday’s pre-market trading after the software company’s Q3 earnings outlook surpassed Wall Street expectations. The company forecasted earnings of $2.05 to $2.06 a share on revenue of $8.7- 8.72 billion. This forecast is beyond analysts’ expectations of $1.84/share on revenue of $8.67 billion. Full story

A Pretzel shop employee committed a $1 million fraud and bought Tesla (NASDAQ: TSLA), GameStop (NYSE: GME), and Nvidia (NASDAQ: NVDA) shares. The employee got $200,000 of advance credit by making fake deposits. His broker discovered the fraud and liquidated the holding after a day. The broker earned $7,000 in profit. Yup, the pretzel employee is a better day trader than most of us. Full story

The purple line is the 50-day moving average. For 2023, the NASDAQ fell below this line twice. However, the index registers big gains after it recovers the 50 MA. NASDAQ gained more than 30% in the last instance.

Tesla sold its first EV in 2008. The Tesla Roadster was sold for around $100,000. Nowadays, car manufacturers are selling EVs for less than $30,000, making ownership more affordable. Not only are prices lower, but consumers are pampered with more options.

Before you go, do you think that Kia’s EV5 is a better option than the cheapest Tesla Model 3?

Reply with a YES or NO to this email.

Enjoy your weekend! 🙂


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