The metaverse, the buzzword that quickly rose in the years after NFTs and before AI, is still being built, only we hear little about it. One company seems increasingly better positioned to dominate the near future: Disney, which announced it is investing $1.5 billion in Epic, maker of the popular game Fortnite.
The plan is to introduce popular characters from worlds of Disney, Pixar, Marvel, Star Wars, Avatar and other Disney domains into Fortnite's online universe. Disney shares rose over 10% in the week of this announcement.
Another major introduction that was snowed under by the news about Altman and its chain chip factories was the launch of Google Gemini, the former Bard. Reactions have been mixed, but it is imperative that there be quality competition for ChatGPT, and Gemini appears to be the main opponent. No one is waiting for another market with only one dominant party, like search engines.
Amid all the AI hype, chipmakers continue to do well. Nvidia rose nearly 6% but especially those who got into Super Micro after my newsletter last week had a fine week: SMCI rose as much as 25% and still has a P/E ratio half that of Nvidia.
Amid all the AI hype, chipmakers continue to do well. Nvidia rose nearly 6% but especially those who got into Super Micro after my newsletter last week had a banner week: SMCI rose as much as 25% and still has a P/E ratio half that of Nvidia.
Far away from all the attention on AI and superchips, Bitcoin is almost stealthily creeping toward the $50,000 mark. And to think that Bitcoin first broke the $1,000 mark just seven years ago, on February 10, 2017.