Three Things That Matter This Week

Donnovan Andrews, Tom Lee, co-founder of Fundstrat and FSInsight, and Chi Tsang, Managing Partner of m1720, discuss Asian investors buying US tech stocks and why the US economy is slipping into expansion, not recession. Generative AI is a step-change for online gaming, non-player characters will be unscripted, and games could have infinite levels and no pre-set plot. Holodeck was fun. Westworld was deadly. Ad agencies to deploy AI to sell us more detergent.

We live in "VUCU" (volatile, uncertain, complex and unclear) times. Donnovan Andrews, Tom Lee, co-founder of Fundstrat and FSInsight,  and Chi Tsang, Managing Partner of m1720, discuss start up frauds and why Elon Musk's mass can overcome Mark Zuckerburg's mixed martial arts training. China's most famous tech founder, Jack Ma, returns to China and replaces CEO with his mentee. Is Jack back at Alibaba pulling the strings? Germany partners with Intel to join the chip war. 

2023 continues to surprise us with rapid developments in AI and even more pivots by the Fed. Tom Lee, co-founder of Fundstrat and FSInsight, Donnovan Andrews and Chi Tsang, CIO of m1720, discuss the latest Fed meeting and why Powell's hawkish pause is a greenlight for the market. Europe moves to stop AI from harming humans. CALPERS, the largest US pension fund, says it's safe to invest in startups even though most investors remain scared.

Tom Lee, co-founder of Fundstrat and FSInsight, discusses the positive signs of market breadth expansion,  inflation, recession and the upcoming Fed meeting. Chi Tsang, CIO of m1720, discusses the Sequoia split, Bytedance, and the implications for China Tech.  Donnovan Andrews warns not to count out the Apple Vision Pro despite high price tag. It has amazing features and Apple can finance buyers.

Markets climb despite persistent bearishness. Nvidia quantifies market opportunity for generative AI for chips. AI to have catastrophic impact on publishers. AI could be weaponized by companies. Will AI make humankind dumber?