Good Morning! It is Wednesday again, half of the week almost in the books again! Let’s start today with a hard reality check for the people who want the most sought after job in the world: being a content creator. It seems that it is not such an easy lifestyle after all…

The top headlines of today:

• 🚀 Nvidia to the moon

• 🚗 EV darling filed for bankruptcy the second time

• 🔬NATO investing in new technology

• 🎥Content creators have to create a lot more to make ends meet

Enjoy your day!

X Nils

AI
Nvidia is the most valuable company in the world

What Happened
Nvidia has surpassed Microsoft to become the most valuable public company in the world. The chipmaker's shares climbed 3.2% on Tuesday, pushing its market cap to $3.33 trillion. This remarkable growth comes on the heels of the company's impressive first-quarter earnings report in May and the explosive demand for AI chips.

Why it Matters

• Nvidia's dominance in the AI chip market, with an estimated 80% share, has been a key driver of its success. As tech giants like OpenAI, Microsoft, Alphabet, Amazon, and Meta race to develop and deploy AI models, Nvidia's processors have become the go-to choice for handling the massive workloads associated with generative AI.

• The company's data center business, which largely caters to AI chip demand, saw a staggering 427% year-over-year growth in the most recent quarter, accounting for 86% of Nvidia's total sales. This highlights the transformative impact of AI on Nvidia's business model and the broader tech landscape.

• Nvidia's success story showcases the potential for companies to adapt and thrive in the face of technological disruption. By leveraging its expertise in graphics processing and positioning itself as a key player in the AI revolution, Nvidia has achieved a remarkable turnaround from its gaming-focused roots.

What's Next
As the AI boom continues to gather momentum, Nvidia is well-positioned to maintain its leadership in the AI chip market. However, the company will likely face increasing competition as other chipmakers and tech giants seek to capture a share of this lucrative sector. Nvidia's inclusion in the Dow Jones Industrial Average, facilitated by its recent stock split, could further cement its status as a blue-chip tech stock and attract more mainstream investors.