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The Compound and Friends: Reasons to keep Nvidia, Amazon, and Apple
Michael Batnick
June 07, 2024
Today’s Compound and Friends is brought to you by Kraneshares:
See here to learn more about the impact of the US election on China and US relations
On today’s show, we discuss:
ETrade considers kicking meme-stock leader Keith Gill off platform
NVDA announces new AI chips months after latest launch as market competition heats up
Elon Musk ordered NVDA to ship thousands of AI Chips reserved for Tesla to X and xAI
Former Binance CEO CZ begins 4-month prison sentence in California
Listen here:
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When investors panic, they panic in pretty much the same way.
They sell everything, regardless of merit. Correlations rise toward 1.
When they're willing to judge stocks on their own merits, correlations drop.
Those correlations are now the 3rd-lowest in 22 years (scale… x.com/i/web/status/1…
— Jason Goepfert (@jasongoepfert)
6:55 PM • Jun 4, 2024
Recommendations:
Eric Jackson
Alex Kantrowitz
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