Nvidia Joins The Big Leagues 🏆

Did you know that the top spot in the U.S. stock market has changed hands only 12 times since 1926, with Nvidia recently joining the elite ranks of companies that have led the market?

Did you know that the top spot in the U.S. stock market has changed hands only 12 times since 1926, with Nvidia recently joining the elite ranks of companies that have led the market?

Any investor worth their salt will keep their eyes for any opportunities that will arise from this.

In this edition, we present:

  • Nvidia Joined 11 Companies That Have Led The Stock Market In The Past Century: First, we’ll discover how Nvidia has climbed to the top đź’»

  • Hezbollah Sets Israel’s North On Fire: Next, we’ll take a look at the escalating conflict between Hezbollah and Israel 🔥

  • Apple And Meta Have Discussed An AI Partnership: Finally, we’ll learn about the potential partnership between Apple and Meta to integrate generative AI into Apple devices 🤖

Stay informed and ahead of the curve with our latest insights into the world of stock markets, global conflicts, and technological advancements. Let’s go!

Nvidia Joined 11 Companies That Have Led The Stock Market In The Past Century đź’»

Nvidia has joined some famous companies when it recently became the most valuable company in the U.S. stock market.

Going back to 1926, there have been 12 companies to lead the market: AT&T, Apple, Cisco, Dupont, Exxon Mobile, GE, GM, IBM, Microsoft, Philip Morris, Altria Group, and Walmart.

Nvidia, Microsoft, and Apple lately have been dueling for the top spot.

Microsoft is currently the leader with a market value of $3.3 trillion, just above the $3.2 trillion for Nvidia and Apple 🏆

Until it was dethroned last year by Microsoft, Apple had led the stock market for about a decade, and before that, Exxon Mobil sat at the top also for around a decade.

It’s notable that 30 years ago, there was only one technology stock, IBM, in the market’s top 10 companies 🥇

Top 10 stocks then included Coca-Cola, Walmart, Proctor & Gamble, Merk, and Johnson & Johnson.

The leading six stocks now are tech companies—Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta, although S&P doesn’t classify all of them as being in the tech sector.

Hezbollah Sets Israel’s North On Fire 🔥

Hezbollah, Iran’s most potent proxy, fired some 300 rockets and drones into Israel’s North between June 12 and June 13.

In recent months, somewhere between 60,000 and 80,000 Israelis have had to abandon their homes in the North.

This is an intolerable and untenable situation for Israel—it cannot allow Hezbollah to permanently make a substantial part of Israel uninhabitable ❌

While neither Israel nor Hezbollah desire an all-out war due to the terrible destruction that would ensue, Hezbollah shows absolutely no sign of relenting, and Israel cannot countenance these kinds of attacks for much longer.

All out war between Israel and Hezbollah is seemingly increasingly unavoidable even though nobody wants it ⚔️

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Apple And Meta Have Discussed An AI Partnership 🤖

The two companies have been in discussions about integrating Meta’s generative AI model into Apple intelligence, the recently announced AI system for iPhones and other devices.

Meta and other companies developing generative AI are hoping to take advantage of Apple’s massive distribution through its iPhones—similar to what Apple offers with its App Store on the iPhone.

A latecomer to generative AI, Apple has developed its own smaller artificial-intelligence models but has announced it will turn to partners for more complex or specific tasks.

The discussions haven’t been finalized and could still fall through 🤔

Tech analyst Gene Munster says 10% to 20% of Apple users will likely opt into paying for a premium AI subscription to a product like ChatGPT, and that could mean billions of dollars for AI companies that integrate successfully with Apple’s new platform.

Inner Circle Global Macro Update 🔍

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