🚨 Nvidia just got even better..

PLUS: Apple x Google partnership, Apple is being sued by the DOJ, and more.

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This week’s market performance 👀 

S&P 500: +1.54% 📈 
Nasdaq: +1.70% 📈 
Dow 30: +1.67% 📈 
Russell 2000: +1.46% 📈 

TOP STORY
🔬 Nvidia unveils the future of AI at their ‘GTC’ event… announces new chips.

We’ve been talking a lot about Nvidia and their historic run, but how have they done it so quickly?

The company has a superpowerful H100 AI chip, which powers most of the world's AI infrastructure today. This tiny chip powers almost all of the tech companies we use daily.

At Nvidia's recent ‘GTC’ tech conference, the company revealed its newest inventions, which will wipe the floor of the H100.

The new GB200 super chip has 7x the performance of an H100 and offers 4x the training speed, while the new B200 GPU can perform AI tasks 30x faster than its predecessor, the H100.

To illustrate the B200's power, a task that would previously require 8,000 GPUs and 15 megawatts of power, like training a 1.8 trillion parameter model, can now be achieved with just 2,000 Blackwell GPUs.

That’s a lot fewer GPUs needed.

1️⃣ Nvidia ($NVDA) is up 95.75% this year.

2️⃣ Meta ($META) CEO, Mark Zuckerberg, previously mentioned that the company would invest close to $9 billion in Nvidia H100’s (in 2024 alone).

3️⃣ Despite building a rival supercomputer, Tesla ($TSLA) continues to invest money into Nvidia hardware.

Nvidia also announced that it was entering the world of humanoid robots with a new project, GR00T, a software blueprint that will help humanoid robots perform basic tasks.

This all-encompassing artificial intelligence framework will be designed to support prominent humanoid robotics manufacturers like 1X Technologies, Agility Robotics, Apptronik, Boston Dynamics, Figure AI, Fourier Intelligence, Sanctuary AI, Unitree Robotics, and XPENG Robotics, among others.

Nvidia is clearly hell-bent on remaining the backbone of the entire AI industry.

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TECHNOLOGY
🚨 Apple has had a wild week… Google x Apple Partnership and DOJ lawsuit.

📸 AP Photo / Noah Berger

Apple execs were hopefully able to kick back this weekend after a rollercoaster of events.

This week, reports emerged that Apple has considered partnering with Google to integrate the company’s Gemini AI tools into iOS 18.

Why? Apple wants to boost its AI capabilities, as it has been slow in developing its own AI systems. Gemini, which has been live for a few years, has the potential to immediately enhance Siri and other native apps.

Reports also indicate that Apple was also in discussions with OpenAI (the company behind ChatGPT).

1️⃣ Apple ($AAPL) was down 1.89% this week.

2️⃣ Google ($GOOG) was up 1.14% this week.

3️⃣ Google ($GOOG) reporedly pays Apple ~$18 billion a year to be the company’s deafult search engine.

📸 The Associated Press

A couple of days later, the DOJ (Department of Justice) targeted the company in a lawsuit, citing Apple as a ‘monopoly.’

The DOJ accused Apple of "anti-competitive practices" within its ecosystem, including the Apple Watch, App Store, Apple Pay, and more. It also targeted Apple's Safari and FaceTime, which are defaults for any Apple device, mentioning them as unfair advantages.

If Apple loses this case, it could make Apple change its closed ecosystem. This ecosystem currently relies on closely connecting its hardware (e.g., iPhones) and software services (e.g., App Store) to work smoothly together.

4️⃣ Last year Google ($GOOG) faced the biggest U.S. antitrust trial in decades over its search dominance.

The case highlighted its exclusive search partnerships with companies like Apple ($AAPL).

This week’s sector performance 🏆️

Semiconductors ($SOXX): +1.18% 📈 
Bonds ($TLT): +1.35% 📈
Technology ($QQQ): +1.71% 📈
Dividends ($SCHD): +0.57% 📈 
Emerging Markets ($EEM): -0.39% 📉 
Energy ($XLE): +1.37% 📈 
Financials ($XLF): +1.59% 📈
Gold ($GLD): +0.36% 📈 
Industrials ($VPU): +0.65% 📈 

REAL ESTATE
📉 Soho House is going private again after losing over 50% of their value

📸 Robb Report

Soho House ($SCHO), the private members' club for the rich and famous, is looking to become a private company again after its stock has dropped over 50% since its IPO in 2021.

Some background on Soho House: This exclusive club was originally founded in 1995 as a gathering place for people working in 'creative fields' to socialize, relax, and network away from the poorer folk.

Soho House quickly became popular among wealthier circles, leading to a global expansion with clubs, hotels, and more in major cities like New York, Los Angeles, and Tel Aviv.

Eventually, the company decided it was time to go public in 2021 when it was worth around $2.8B. But now, the company’s valuation has plummeted to a ‘measly’ $1.1B.

Fast forward to earlier this month, and reports have surfaced that Soho House is looking for potential buyers.

So, who's in the Soho sweepstakes?

As of now, private equity firm CC Capital Management seems to be firmly in the lead, being the only serious inquirer Soho House has told the public about.

Launched by Chinh Chu in 2016, CC Capital has invested in very successful companies, such as Getty Images, E2open, and UTZ Brands.

Nothing is official yet, though, so we'll keep our eyes peeled and keep you updated.

1️⃣ Shareholders were clearly on board, with $SHCO was up 18.63% on the week.

Here’s what else you may have missed…

Donald Trump's social media platform, 'Truth Social,' has merged with Digital World Acquisition Corporation ($DWAC).

Elon Musk's company, Neuralink, has its first patient playing chess using only his thoughts.

Google ($GOOG) was fined $270M for not informing publishers that their articles were being used to train its AI.

Jerry Seinfeld became a billionaire this past week.

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