Stock Market Nerd – Market Headlines – January 27, 2024

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Stock Market Nerd – Market Headlines – January 27, 2024

Google Cloud is partnering with Hugging Face to try to win over more developer talent. Hugging Face is a very popular open-source model provider. If Anthropic and OpenAI are the most well-known purely GenAI players, this is the 3rd. Google also ended its partnership with another AI first called Appen. In related news, the FTC has begun investigations into Google’s, Microsoft’s and Amazon’s investments in Hugging Face, Anthropic and OpenAI. What else is new?

Amazon continues to announce more investments in new regions to expand its cloud footprint. This week, it announced a new $10 billion budget for Mississippi expansion.

Another week, another Microsoft breach. This week, Russian state-sponsored adversaries hacked into Microsoft employee emails. Microsoft does many things extremely well. The firm’s enterprise bundle is perhaps the best in the world. Still, cybersecurity is just not its strength.

Disney rolled out some new tech this week. It’s called a Holotile floor and allows for free movement with the floor keeping you in a fixed location. This will surely be relevant for the metaverse and AR/VR. Still, I can’t help but see this and think “oh great, another distraction from the core business.” This is not the type of thing Disney should be creating internally. It should create elite content, and let the Apples of the world build the Holotiles. Save your money; cut this cost; sell the tech. In other potential Disney news, the NFL playoffs continue to set viewership records. The NFL ESPN partnership needs to happen.

Paramount will conduct a series of layoffs next month. This is as M&A pressure builds and the need for cost-rightsizing does too. Netflix sees a lot of streaming consolidation taking place this year. Third Point sees Shopify results coming in roughly in line with consensus when it reports earnings next month.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Related Posts
BBAE Blueprint

BBAE: Up to $400 First Deposit Bonus!

Tailored insights, powerful tools. Automatic bonus at signup.
Get Started with BBAE Now!