Locator: 50735GLW.
We haven't seen this one in a long time. She learned this one on her own, by ear, she couldn't find the sheet music. Link here.
Back to Nvidia and Corning.
And look at this: TEXAS and North Carolina.
Again, TEXAS.
From the linked artile:
Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning for three new advanced manufacturing facilities in North Carolina and Texas dedicated entirely to optical technologies for the world’s most valuable semiconductor company.
The factories will lead to the creation of at least 3,000 jobs and increase Corning’s U.S. optical manufacturing capacity by tenfold, the companies said in a joint press release Wednesday.
Corning shares climbed 12% on the news. Nvidia stock gained almost 6%.
The deal gives Nvidia the right to invest up to $3.2 billion in Corning.
Nvidia is getting warrants to buy up to 15 million Corning shares at an exercise price of $180 per share, above Tuesday’s closing price of $162.10 but below the price after the pop. The remaining $500 million comes from a pre-funded warrant for Nvidia to buy up to 3 million shares of Corning.
Ticker: GLW (Corning) --
Nvidia: up 6% today.
SCCO: up almost 8% today.
Like all biological phenomena and revolutions, this current AI revolution will also follow the standard "S" curve.
See below.
Point A, about 2023: it had become obvious that one should have began investing heaving in AI by now. Interestingly, the term "Magnificent Seven" (Mag 7) was coined in 2023 by Bank of America analyst Michael Hartnett. He created the nickname to describe a group of seven dominant, high-performing U.S. technology stocks—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
Point B, about 2028, will be the last opportunity to continue investing aggressively in AI. The Mag 7 will have greatly expanded by then. One might argue we'll see a resurgence of "a" Nifty Fifty.
Between points A and B aggressive investors need to continue aggressively invest in AI, but transition from the Mag7 to the Towering 20.
Many of these new twenty companies will be the results of IPOs between now (2026 and 2028).
Unless there are indications that the growth/excitement of the current AI revolution continues beyond 2030, the investor needs to pivot. And pivot quickly. The market -- certainly the AI market -- could plummet 20 to 25 percent once the average investor sees what is going on. One may already need to consider pivoting from the current Mag 7 to something new.
Between now and then, keep reading everything you can on societal and geo-political changes. The trick will be to anticipate the next Mag 7. My own hunch: pharmaceutical companies that focus on "healthspan expansion" and even, perhaps, "biological age reversal." Beware charlatans.
It's not too late to invest in the current AI revolution, but by next year this time -- maybe sooner -- investing in the current Mag 7 will be challenging -- the real winners (investors) will be those who correctly anticipate the Towering 20 in 2030. Maybe we will see thirty such tickers by 2030 ... "thirty for 2030" --- "30 for 30."
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Disclaimer
Briefly
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. Longer version here.
