Hundreds of investing and finance newsletters hit my (and maybe your) inbox every week. This is the best of the best.
This week, we bring you
- California Blocks AI Safety Bill
- E-Moto Sets 168-MPH Record
- Ford Offers Free EV Chargers
- Smart Glasses Hit Public Markets
- 3D-Printed Hotel Opens in Texas
- Amazon Tops $1.8 Billion Ad Goal
- 3 Stocks To Consider
Thanks for reading.
Wyatt
Table of Contents
California Blocks Controversial AI Safety Bill
California Governor Gavin Newsom vetoed S.B. 1047, a highly debated AI safety bill aimed at regulating AI firms and new model releases. Backed by Elon Musk, Anthropic, and over 120 Hollywood figures, the bill faced opposition from tech giants like OpenAI and Google, who argued it would hamper innovation.
Newsom called the bill “well-intentioned” but flawed, promising to consult AI experts on future regulations. The debate over AI governance is far from over.
E-Moto Snags 168-MPH World Record
The RW-5 Voxan electric motorcycle just broke four speed records at the Bonneville Salt Flats, reaching over 180 mph.
Developed in collaboration between Ohio State University and Venturi Group, French rider Louis-Marie Blondel achieved 168.712 mph for the 1-km flying start and 168.593 mph for the 1-mile flying start on a sans-fairing version.
On the streamlined version, the bike hit 180.065 mph for the 1-km flying start and 180.035 mph for the 1-mile.
Ford Offers Free EV Chargers to Buyers
Ford, the second-largest EV seller behind Tesla, announced a new incentive offering free Level 2 home chargers and installation to new EV buyers. This program, valued at several thousand dollars, could help Ford chip away at Tesla’s market dominance.
Ford CEO Jim Farley emphasized that home charging is crucial for EV adoption, with 90% of shoppers saying they’re more likely to buy if they can charge at home. The offer applies to the F-150 Lightning, Mustang Mach-E, and E-Transit Cargo Van until year’s end.
Smart Glasses Have Hit The Markets
The public markets are buzzing about smart glasses as multiple companies ramp up development, fueling new product launches and investments.
There’s growing speculation that smart glasses could be the next major computing platform, driven by advances in augmented reality and artificial intelligence.
Could smart glasses be the next big computing platform?
World’s First 3D-Printed Hotel Rises in the Texas Desert
Icon, a leader in 3D-printed architecture, is building the world’s first 3D-printed hotel—El Cosmico—in the Texas desert.
Partnering with the renowned Bjarke Ingels Group, the project will expand the existing campground into over 60 acres of curved structures inspired by the landscape. The hotel will feature camping areas, vacation homes, and shared spaces.
Amazon Exceeds $1.8 Billion Ad Goal
Just nine months after launching ads on Prime Video, Amazon exceeded its $1.8 billion ad-spend target. Already a giant in Ecommerce, Amazon is positioning itself as a major player in the advertising space, with 115 million monthly US viewers and growing influence in streaming ads.
The company brought in $47 billion in ad revenue last year, mostly from its marketplace, and is aiming for a 25% increase this year.
What I’m reading
I get a lot of mail asking where I find all this good stuff. Here are a few of my favorite newsletters, all of which are free to subscribe to:
Learn to build beautiful businesses. Weekly strategies, insights, and lessons from SMB expert Michael Girdley.
Early Bird Stock Market News
Daily overview of the stories driving today’s market, every morning at 7AM.
The most important tech news and insights. Join 80,000+ early adopters staying ahead of the curve, for free.
Stock ideas
Here are three of my favorites from this past week.
Analysis provided by public.com.
Remember to always DYOR.
Customers Bancorp ($CUBI)
Bullish Case
- Undervalued Stock: CUBI is trading at 6-7x earnings and below its $50 tangible book value.
- Strong Financial Position: The bank boasts strong liquidity and capital ratios, with 79% insured deposits and a low-risk loan portfolio.
- Growth Potential: CUBI’s tangible book value could reach $52-$53 with projected $1.25 EPS and $0.50 AOCI accretion.
Bearish Case
- Market Fears: Despite solid fundamentals, CUBI faces market fears and short-seller activity.
- RegulatoryConcerns: A money laundering order issue presents a regulatory risk that could impact investor confidence.
Taiwan Semiconductor Manufacturing ($TSM)
Bullish Case
- AI-DrivenGrowth: TSMC expects AI server revenues to grow at a 50% CAGR over the next 5 years.
- MarketDominance: Holding over 60% of the market, TSCM is primed to profit from AI-driven semiconductor growth.
- AttractiveValuation: TSMC trades at 25x forward P/E, targeting over $60 EPS by 2026, making it a strong long-term investment.
Bearish Case
- Cyclical Industry Risks: TSMC experienced a slowdown in key end markets like smartphones, IoT, and automotive in 2023.
- Geopolitical Tensions: As a Taiwan-based company, TSMC faces potential risks from ongoing geopolitical tensions between China and Taiwan.
Aerovate Therapeutics ($AVTE)
Bullish Case
- Potential Undervaluation: AVTE’s $2.92 liquidation value against a $1.71 price signals undervaluation.
- StrategicAlternatives: AVTE has engaged Wedbush PacGrow to explore options including acquisition, merger, or liquidation.
- RACapitalInvolvement: RA Capital’s 32% stake and history of reverse merger success, like ELYM’s 200% rise, suggest a positive outlook for AVTE shareholders.
Bearish Case
- FailedProductCandidate: AVTE’s sole product, AV-101, failed Phase 2b for pulmonary hypertension, leaving no viable drugs or ongoing development.
- RegulatoryUncertainty: New SEC shell company rules may force AVTE toward liquidation, reducing upside potential.
If you write amazing content and want to be featured, please send it through for consideration.
Cheers,
Wyatt
Disclosures
- There are affiliate links above; we’ll get a couple of bucks if you take action after you click.
- Nothing above is financial advice. DYOR, you filthy animal.
