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- April 16th Stock Market Update: AMD rolls out its AI chips for PCs
April 16th Stock Market Update: AMD rolls out its AI chips for PCs
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Mukund Mohan
April 16, 2024
Market
“AMD launched new chips for the AI PC - Ryzen Pro 8000 & 8040 for Laptops and desktops for advanced 4nm technology” 😁 😜
Markets somewhat recovered after a largely down day but the warning signals are there
After Fed Chairman Jerome Powell said “Inflation has been tough to beat”, markets recovered 😐️ even though he expects “Rates to be higher for longer”.
The market is looking for reasons to go lower, and I am short at this time. As I mentioned since last Wednesday in this newsletter, I have been short term bearish. The 21 day MA and then 50 day MA break on both $SPY and $QQQ are good opportunities to go short.
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Technology managed a gain thanks to Semiconductors
Both $AMD and $NVDA, along with Broadcom AVGO ended up green. United Health went up 6% on great earnings.
Insights from the portfolio
Video of the day
Today’s video is on Microsoft and its 3 year growth projections.
Deep dive of the day
Today’s write up is on Ncino, $NCNO a SaaS solution in the banking space.
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