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Hey there weekday warriors,
Here’s what’s on tap today… Nvidia is done investing in AI companies, Kevin Warsh got the official Fed nomination nod (but it ain’t over yet), and crypto bros are back in business.
Enjoy the next 3 minutes and 11 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
Last stop for the gravy Huang
“I don’t wanna play with you anymore.” - Jensen Hu-AI-ng
Nvidia $NVDA ( ▲ 1.66% ) is done putting out.
Obi Huang Kenobi just dropped a bomb (sorry, too soon?): its latest $30B OpenAI investment is probably the last one.
Friendly reminder that NVDA was planning to invest more like $100B in Scam Altman’s nonprofit. Quick math: $30B is less than that.
To be fair, it’s just business.
OpenAI is strapping on in to IPO soon, and these investments are just small potatoes compared to the promise of going public.
But Jensen isn’t just turning off the circle jerk capex tap for the government’s go to LLM…
Nvidia’s latest $10B Anthropic investment is also likely the last injection it’ll receive from the GOATed chipmaker.
Which shouldn’t pose a yuge problem for the new top gun, Claude, what with all these new iOS App Store user subs pouring in.
Maybe now Jensen from the Block can get back to fixing the real issues…
What If You Didn't Have to Push Yourself Anymore?
Imagine waking up Monday being pulled out of bed — not needing to pushing yourself out of it.
That pull isn't motivation. It isn't willpower. It's what happens when Tony Robbins conditions a different identity into your nervous system. An identity doesn't wait, doesn't hesitate, doesn't negotiate with itself.
That's what Unleash the Power Within does. It’s not inspiration. It’s Conditioning. The patterns that keep you hesitating, shrinking, and circling the same problems — Tony interrupts them at the root and installs new ones. You don't leave motivated. You leave re-wired differently.
4 days. Virtual. March 12–15. 5 million people across 195 countries have done this. It’s your time.
Save $100 by getting a ticket before March 6th. After that the price goes up. But the real cost is another year pushing instead of being pulled.
+ Warsh the throne…
It’s official: Kev Warsh just locked in the nomination for Fed chair. Donny Economy has his next victim golden boy lined up to take charge of the next 4 years at the helm of the Central Bank.
Friendly reminder: Senator Thom Tillis (R-NC) said he would block the nomination process until the DOJ drops its investigation into J-Poww. Either way, a nomination ain’t quite a win… just ask Bradley Cooper.
+ The hodlers won… again.
Rare W for the crypto bros yesterday. BTC reclaimed $73k, and crypto stonks mooned (obviously).
Coinbase $COIN ( ▲ 14.57% ), Strategy $MSTR ( ▲ 10.37% ), and Circle $CRCL ( ▲ 5.66% ) all jumped on the news that Donny Crypto would be throwing his weight behind the Clarity Act, the bill shaping the market structure of crypto.
I’ll just leave this here…
+ “Hey Siri, do less, but also cost less.”
Siri: “Say less.”
Tim Cook just went all “think cheaper” with the new Mac. Introducing the Mac NEO (not the Matrix one). The new $599 laptop is Apple’s $AAPL ( ▼ 0.47% ) hard launch into a Chromebook competitor product.
Oh yeah, and the whole thing runs on an iPhone chip… and you just know OpenClaw stans are already plotting to stock up.
> Broadcom beats on earnings and guidance as AI revenue doubles (CNBC) // Live look at CEO Hock Tan…
Giphy
> Goldman Sachs CEO David Solomon surprised by ‘benign’ market reaction to Iran war (NY Post) // “Why aren’t you guys panicking?”
> Google’s AI chatbot allegedly told user to stage ‘mass casualty attack,’ wrongful death suit claims (CNBC) // Someone Slack the dev to push a quick update to fix this.
> Morgan Stanley Lays Off 2,500 Employees Across All Divisions (WSJ) // “That’s it?” - Jack Dorsey, probably
> Tinder to pay $60.5M in Calif. in age discrimination suit (NY Post) // If you or someone you know has been affected by cougar discrimination…
> Fashion Startup Founder Pleads Guilty in $300 Million Fraud Case (Bloomberg) // Prada Frauda.
> Fill up…
Yesterday I asked, “How many books are you reading this year? (And drop your top book recommendation in the response box.)”
38.5% of you said, “1-5.” Which feels… barely literate.
Here’s what some of you guys had to say (and my response in italics)…
12-20: “I am in a book club and we try to read one book per month. Plus, I read some additional on the side. Just read Project Hail Mary. It will get you thinking.” Movie out this month…
0: “I'd like to say 1-5, but really would be just fooling myself.” Thank you for your honesty.
20-50: “Two recommendations: Titan by Ron Chernow (Bio of John D Rockefeller Sr.) and the Bible (for all my compatriots in horny jail).” The Bible can undo all those BONKs you’ve been accumulating.
0: “People read anything other than TWC?” This is the correct answer.
Other (write-in): “Books where we're going we don't need books. My AI summarizes books.... just not as good as the water coolest would.” New business idea… TWC summarizes books.
Here’s today’s question(s)…
Apparently yesterday's question about books needed a specific point of clarification, so... Does listening to an audiobook count as "reading a book"? (Defend your answer)
+ US stocks “rose on Wednesday, building on the momentum seen late in the previous session, as the surge in oil prices pulled back following developments in the U.S.-Israeli war on Iran and fears about a U.S. economic growth scare faded.” (CNBC)
+ The 10-year yield “edged higher on Wednesday but came off their highest levels of the morning after the Trump administration pledged to ensure that oil markets are well supplied and energy shipments can transit through the Strait of Hormuz.” (CNBC)
+ Oil “edged higher in a seesaw session, as traders digested positive U.S. economic data while fretting over supply disruptions amid the intensifying conflict in the Middle East.” (Reuters)
+ The “smart” money (prediction markets) thinks that there’s a 19% chance the US confirms aliens exist this year (always a good one to keep an eye on). (Polymarket)
⏪ Yesterday…
+ Wix and Abercrombie & Fitch reported before the bell
+ Broadcom, Rigetti, Okta, Webull, Veeva, ChargePoint, and American Eagle reported after hours
⏩ Today we’re keeping an eye on…
+ JD.com, Kroger, Ciena, and Bilibili report before the opening bell
+ Costco, Marvell, Samsara, The Gap, and Rumble report after hours
Oh, and one more thing…
What did you think about today's newsletter?
Sent from my Amazon Fire Phone. Please excuse any mistakes and typos.
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This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.