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- π Tech Titans' Tightrope πͺ’
π Tech Titans' Tightrope πͺ’
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Hi Everyone. This is Take Off. We're like a hidden Easter egg in your favorite video game - surprising, delightful, and adding an extra layer of fun to your tech news consumption.
Here's what we're serving up today:
Tech Titans' Tightrope πͺ’
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Tech Titans' Tightrope πͺ’
Big Tech's profit party was wilder than anyone guessed, with Apple, Alphabet, Meta, and Tesla turning Wall Street's expectations into confetti.
But hold the champagne β their crystal balls are looking a bit foggy for the holiday season.
Apple's "Santa Claus rally" seems to be on a diet, Google's cloud is more drizzle than storm, and Meta's crystal ball is downright murky. Tesla's electric dream cars? Turns out, they might not be everyone's dream date after all.
Investors are feeling the whiplash. After the Nasdaq 100 did a celebratory 6.5% jump β its peppiest in a year β the mood's gone from 'pop the champagne' to 'brace for the hangover'.
Our tech heavyweights have shed a cool 9% from their peak physique, with Apple feeling a $300 billion pinch. Ouch.
Sure, bargain hunters are perking up as those once-sky-high valuations start to dip. But with the S&P 500's tech gladiators still strutting at a frothy 31 times projected profits, wallets are snapping shut faster than a startled clam.
Profits for the S&P 500's seven tech heavyweights might puff up their chests by 50%, even with Tesla tripping over its shoelaces. But hold the confetti as Nvidia's still got to sing its earnings aria on November 21.
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Elon Musk's xAI is teasing Grok, their own chatty AI with sass and web-surfing smarts, ready for a select few to test drive. π€π¬
OpenAI's leak hints at a ChatGPT update with a nifty bot-builder and a marketplace. Plus, a "Team" subscription could make enterprise chats a breeze. π οΈπ€
CNN uncovers MSN AI's editorial oopsies, from nap tales about Biden to calling an NBA player "useless." Reminder: AI in journalism can be a wild ride. π π€
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π° Recommended Reading π°
1/ Learn how to maximize your credit cards and travel in style. Click here to check it out.
2/ Checkout the latest marketing tools, techniques and news read by teams at Apple, Microsoft and more by clicking here.
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