Intel Drops the Mic 🎤

Intel placed a big bet today… on gaming. 🎲 🎮

The notorious chipmaker is marketing its latest consumer GPUs as ‘Intel Arc,’ a new graphics brand. Arc’s “Alchemist” brand incorporates both hardware and software powering GPUs to deliver higher gaming performance on laptops and desktops. This could be a big slap in the face to the technologies of AMD and NVIDIA (or not, who knows?).

Robert Chandler, VP/GM of Products and Solutions at Intel, boasted:

“The launch of the Intel Arc brand and the reveal of future hardware generations signifies Intel’s deep and continued commitment to gamers and creators everywhere. We have teams doing incredible work to ensure we deliver first-class and frictionless experiences when these products are available early next year.

We have yet to hear which devices will feature Intel Arc graphics, but here’s a sneak peak of the pre-production resolution. We’re not gonna lie, these graphics are looking preettyyy good. 🔥 🔥

$INTC closed down 0.04% today.

March Madness Continues At NYCB

When regular people talk about March Madness, they’re referring to college basketball. But when traders and investors talk about March Madness, they’re referring to a regional bank stock imploding.

We’re about a year out from three regional banks failing and/or being rescued, and now the sharks are circling New York Community Bancorp. The long story short, until today, is that the regional lender has too much commercial real estate exposure, weak internal controls over financial reporting, and a new CEO trying to right the ship. 🗞️

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Epic Wins A “Victory Royale” Against Google

It’s been three years since Fornite-maker Epic Games sued Apple and Google for allegedly running illegal app store monopolies. And despite losing a similar battle against Apple, the game-maker has secured a win against Google. 🏆

The jury in Epic v. Google delivered its unanimous decision after just a few hours of deliberation. They found a few key things:

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Boeing Loses Altitude (Again)

If you’re an investor in airlines or airplane manufacturers, this is not the type of headline you want to wake up to. Unfortunately for Boeing and several others, the news is not great. So let’s dig into it. 👇

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Only Some EV-Makers Delivered

Electric vehicle (EV) manufacturers came out with their fourth-quarter delivery numbers today, sending their stocks all over the place. 📊

First, let’s start with everyone’s favorite, Tesla, which delivered mixed news to investors. It managed 1.81 million EV deliveries around the globe in 2023, meeting its full-year guidance and narrowly topping the consensus estimates. That was up 38% YoY but slowed from 2022. 

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