The Weekly Brief (As of September 25)
- Nvidia (NVDA) announced a $5 billion investment in Intel as the two companies will work together on Artificial Intelligence (AI) infrastructure and PCs.
- Meta Platforms (META) unveiled the company’s new AI smart glasses in a partnership with Ray-Ban, which is expected to go on sale starting September 30.
- Nvidia (NVDA) plans to invest up to $100 billion in AI startup OpenAI – the parent company of ChatGPT.
- Apple’s (AAPL) stock turns positive for the year in terms of year-to-date performance, as the company launched sales of iPhone 17.
- Goeasy (GSY) pushes back against the recent short-seller report, suggesting the company has been under-reporting its credit losses.
*Analysts of 5i Research responsible for this report have a financial or other interest in META, NVDA and AAPL. The i2i Fund does not have a financial or other interest in securities mentioned.
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