🤑 Samsung is entering its AI era

Today’s market performance 🏆️ 

S&P 500: +0.54% 📈
Nasdaq: +0.90% 📈
Dow 30: +0.17% 📈
Russell 2000: -0.49% 📉

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TOP STORY
🤑 Samsung is entering its AI era

Samsung Electronics shares jumped to their highest level since January 2021 after the South Korean tech giant was expected to crush earnings.

The biggest expected W’s for the company:

• Operating Profit: Projected to be about $7.54 billion, up from $488 million a year ago, marking a monstrous gain of around 1,447%. 📈 

• Revenue: Expected to be between $52.99 billion to $54.44 billion, compared to $43.55 billion a year ago. 📈 

• That means a gain between 21.7% to 25%. 📈 

Why? Cause of AI, duh.

In April, Samsung said it expects the second quarter to be driven mostly by demand for generative AI. The company is investing heavily in generative AI, such as with its Galaxy S24 Ultra smartphone.

Another potential game changer for the company is that Nvidia is considering using Samsung as a supplier for its HBM chips.

However, according to some reports, this partnership has been delayed.

According to Samsung themselves, though, "their testing with partners is progressing as planned."

So we’re not sure who to believe about this one.

But even without an Nvidia deal in place yet, Samsung's profits have surged due to its high memory chip prices, large market share, and higher prices.

I guess, other than iPhones, obviously being better than Samsung, the $415+ billion company is doing pretty well for itself.

ENTERTAINMENT
🏀 The brilliant company behind “The Sphere”

By now, we’ve all heard and seen the Sphere in Las Vegas.

Conceived by New York Knicks owner James Dolan, it aims to completely reinvent the concert experience by placing a live musical act in front of a 160,000-square-foot surface with the highest LED resolution possible.

The Sphere, valued at $2.3 billion, generated $170 million in revenue just last quarter and continues to attract popular artists, sports teams, and, of course, the thousands of fans that come along with the events.

And while the Sphere has become a major moneymaker, Disguise, the technology firm behind the live shows could be even more valuable.

Disguise creates the complementary software that serves as the brains of the live show, selling its technology to Sphere, some of the world's most prominent musicians, like Taylor Swift and Justin Timberlake, and festivals like Coachella.

The company has established itself as a key player in the blossoming market for visual graphics, which goes further than just concrete

Disguise has also begun working with news stations and Hollywood productions, such as NBC News, on election coverage and Netflix Inc., on shows such as Sweet Tooth.

They’ve even collaborated with the NBA’s Portland Trailblazers to add augmented reality into game broadcasts.

Disguise has already crossed $100 million in sales, and that figure looks like it’ll only go to the moon from here.

POLITICS
 🎙️ Is Tucker Carlson interviewing Zelenskyy?

In February, the world witnessed one of the most bizarre and controversial interviews in decades when Tucker Carlson flew to Russia to interview Vladimir Putin, Moscow’s longstanding president.

This interview took place amidst one of the largest wars of the 21st century, which has already claimed hundreds of thousands of lives.

I won’t get into the motives behind Carlson’s trip, but I will say that it was a brilliant media move, one that has garnered well over 200 million views on X and counting.

A few months have passed since the Putin episode, and now Tucker will apparently be interviewing Ukraine’s President Volodymyr Zelenskyy.

In an X post earlier this week, Carlson said:

And considering he had already interviewed Putin, who we could only assume was much harder to contact, a Zelenskyy interview really doesn’t seem so crazy.

But not long after Carlson’s tweet, Zelenskyy’s presidential spokesperson Sergii Nykyforov said:

“The president of Ukraine has a completely different schedule, and Tucker Carlson is not on it."

Damn, that’s just cold.

Looks like Carlson will have to wait a bit longer for that interview.