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Hi Sarah, here's what you need to know for
<strong>
July 23rd
</strong>
in
<strong>
3:12 minutes
</strong>
.
</p>
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<span class="font-normal" style="font-weight: 400;">
The S&P 500 and Nasdaq 100 celebrated record highs on Monday
</span>
</li>
<li class="text-body leading-normal" style="margin-bottom: 8px; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; font-size: 16px; line-height: 1.5;">
<span class="font-normal" style="font-weight: 400;">
To make sure you’re ready for retirement when it comes, ask yourself three questions –
<a class="text-primary underline font-medium" style="font-weight: 500; color: #204CE9; text-decoration: underline;">
Read Now
</a>
</span>
</li>
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<span class="font-normal" style="font-weight: 400;">
South Korea’s FuriosaAI just won a chip contract with LG – which might make Nvidia look over its shoulder for once
</span>
</li>
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🍻 Finimized over a cool beer while listening to Cathie Wood, CEO of Ark Invest, dish out her 2026 predictions. (If you
<a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
grab your free ticket to our Modern Investor Summit
</a>
, that is.)
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Feeling Chipper
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<div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
<h4 class="text-body" style="font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.25; margin-bottom: 16px; color: #171E27; font-size: 16px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
</h4>
<p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
</p>
<p data-block-key="0jf5r" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="2j5h4" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
The S&P 500 and Nasdaq 100 both notched all-time highs on Monday – but what the chip industry giveth, it can quickly taketh away.
</p>
<p data-block-key="a3bj2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
What does this mean?
</b>
</p>
<p data-block-key="bjb10" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
– Investors pushed money into almost anything tech, encouraged by iron-clad earnings from chipmaker TSMC – a bellwether for the AI sector.
</p>
<p data-block-key="v0cc" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
– Many of the Magnificent Seven stocks, which make up a decent chunk of America’s main indexes, led the way.
</p>
<p data-block-key="9tuhg" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
– And Morgan Stanley doesn’t think investors will back away anytime soon. In fact, the big bank believes the S&P 500 could hit 7,200 by the middle of next year, up from roughly 6,300 currently.
</p>
<p data-block-key="ae2me" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
Why should I care?
</b>
</p>
<p data-block-key="fdj5t" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
<i>
For markets:
</i>
</b>
<i>
Not every Magnificent Seven stock is living up to its moniker.
</i>
</p>
<p data-block-key="67qd2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
🔺 Nvidia, Meta, and Microsoft are all up 20% or more this year.
</p>
<p data-block-key="1hhir" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
🔻 Apple and Tesla, though, are both
<i>
down
</i>
13%, while Alphabet has flatlined.
</p>
<p data-block-key="ea0i3" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
▶ Apple’s fallen behind on the AI front, Alphabet’s bogged down by regulatory scrutiny, and Tesla’s struggled with slow sales.
</p>
<p data-block-key="f2uao" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
But the Magnificent Seven are
<i>
still
</i>
expensive: six of the stocks are trading at valuations over
<i>
25
</i>
times their expected earnings. And if the upcoming earnings season indicates that those ratios are out of whack, investors might second-guess their allegiance.
</p>
<p data-block-key="58qa" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
<i>
Zooming out:
</i>
</b>
<i>
So much for “tariff-ied”.
</i>
</p>
<p data-block-key="62feh" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
Tariffs haven’t tumbled the global economy… yet. Quite the opposite: total trade volumes are actually
<i>
up
</i>
, keeping profit margins and economic growth steady.
</p>
<p data-block-key="g926" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
▶ That’s because companies and consumers have stockpiled stuff and shifted suppliers – making use of lessons learned in the pandemic.
</p>
<p data-block-key="4omv2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
⚠️ Chips could cause a dip, though. The US has planned to saddle chipmakers with levies of over 20% – and the fee would apply to phones, cars, and appliances that use them, too. That could increase costs and decrease demand. And the double-whammy could hit
<i>
just
</i>
as chipmakers commit billions to building new plants.
</p>
<p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
</p>
</div>
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<b>
You might also like:
</b>
<a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
Goldman’s got an answer to the Magnificent Seven – and it’s made in China
</a>
.
</p>
</div>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
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<strong>
Copy to share story:
</strong>
<a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
https://app.finimize.com/content/feeling-chipper
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<span style="font-family: Helvetica, Arial, sans-serif; font-size: 12px; font-weight: bold; color: #E6F14A; display: inline-block;">
FROM OUR RESEARCH DESK
</span>
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<h2 style="font-weight: 700; line-height: 1.25; margin-bottom: 16px; font-size: 24px; color: #FFFFFF; margin: 0 0 4px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
Three Questions To Put You On The Path Toward A Retirement Bliss
</h2>
<p style="line-height: 1.5; margin-top: 0; margin-bottom: 16px; font-family: Helvetica, Arial, sans-serif; font-size: 14px; color: #FFFFFF; margin: 0;">
Theodora Lee Joseph, CFA
</p>
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<td style="padding: 8px 32px 0 0;">
<a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
<img alt="Three Questions To Put You On The Path Toward A Retirement Bliss" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FPrem_-_28_Mar_copy.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Dd782982db5daac345c84c304893eb68b/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NTMyMjE4NzYuODE0MDc0NX0:1ueL6C:HvXu3Bh1dZY2DocYmQroy_g-IK-dOXcVrbkNVM3NUIA" style="max-width: 300px; border-radius: 4px;" width="300"/>
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<td class="premium-story-text" style="padding-top: 24px;">
<p data-block-key="xjbe2" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
The best time to start planning for your
<a style="color: inherit; text-decoration: underline; font-weight: inherit;">
retirement
</a>
is, well, yesterday. But the second-best time is right now.
</p>
<p data-block-key="8pabs" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
And if the thought of
<a style="color: inherit; text-decoration: underline; font-weight: inherit;">
planning for your post-work life
</a>
has you scratching your head or wringing your hands in nervousness, do this: take a breath, and then grab a pencil and some paper.
</p>
<p data-block-key="3imkk" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
I’ve got
<a style="color: inherit; text-decoration: underline; font-weight: inherit;">
three questions
</a>
to get you started, and we can take them one by one.
</p>
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That’s today’s Insight:
<a style="color: inherit; text-decoration: underline; font-weight: inherit;">
your retirement reality check, in three questions
</a>
.
</p>
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<b>
Read or listen to the Insight here
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The clue’s in the name: for over a decade, the US has been an exceptional investment. But now, some investors and analysts are fearing the end of exceptionalism. Well, at least as we know it.
</p>
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Of course, the world’s biggest economy won’t suddenly become a dud – but the forces driving the most successful companies and sectors could well be shifting. You’ll want to know how to handle a portfolio during this change:
<a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
our guide walks you through the key themes, as well as showing you how leveraged ETFs could come in handy
</a>
.
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Fast And Furiosa
</span>
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<h4 class="text-body" style="font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.25; margin-bottom: 16px; color: #171E27; font-size: 16px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
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</p>
<p data-block-key="1c8bk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="7buh4" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
South Korean chipmaker FuriosaAI signed its first major customer, LG – so maybe Nvidia does have competition in the AI race, after all.
</p>
<p data-block-key="9gs4r" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
What does this mean?
</b>
</p>
<p data-block-key="22bk7" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
– After months of testing, LG’s AI Research arm has approved FuriosaAI’s “RNGD” chip (pronounced “renegade”).
</p>
<p data-block-key="1m3m8" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
– So now, LG can use the chips to power its AI systems, which include large language models (the same type as ChatGPT) and an agent for enterprise clients.
</p>
<p data-block-key="c0jsj" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
▶ RNGD, after all, is specifically designed to handle AI tasks. In fact, FuriosaAI says the chips are twice as efficient as rival ones when handling advanced AI workloads. (Did you hear that, Nvidia?)
</p>
<p data-block-key="a0cta" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
– This is perfect timing. FuriosaAI recently turned down an $800 million buyout offer from Meta. Instead, it’s raising money to expand into the US, the Middle East, and Southeast Asia – and LG’s approval could help convince potential investors.
</p>
<p data-block-key="18oj4" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
Why should I care?
</b>
</p>
<p data-block-key="bn35" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
<i>
For markets:
</i>
</b>
<i>
LG’s bucking an industry-wide trend.
</i>
</p>
<p data-block-key="13euc" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
When companies want top-of-the-line AI chips, they usually go straight to Nvidia.
</p>
<p data-block-key="eisbr" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
▶ Investors have followed those footsteps – so much so that a popular indicator is flashing “overbought”, suggesting Nvidia’s stock has gotten ahead of itself and could be overdue for a breather. No wonder some traders are selling their shares.
</p>
<p data-block-key="cnvug" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
▶ And they might have even more reason to do so now that competitors are stepping up. FuriosaAI is one of many budding South Korean chip startups, and Big Tech firms like Google and Amazon are building their own chips, too.
</p>
<p data-block-key="dkgfp" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
<b>
<i>
The bigger picture:
</i>
</b>
<i>
Wait and TSMC.
</i>
</p>
<p data-block-key="9556p" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
FuriosaAI’s custom processors may be made in South Korea, but they’re built by Taiwanese titan TSMC. That puts the Korean startup in the same elite supply chain as Nvidia, Apple, and frankly, nearly every major AI player. And
<i>
that
</i>
helps explain how TSMC recorded a $1 trillion market value last week, becoming the first Asian stock to reach that milestone since 2007.
</p>
<p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
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<b>
You might also like:
</b>
<a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
Don’t chase AI… back the companies using it best
</a>
.
</p>
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<strong>
Copy to share story:
</strong>
<a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
https://app.finimize.com/content/fast-and-furiosa
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QUOTE OF THE DAY
</div>
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<p class="font-heading font-bold text-navy leading-snug mb-2 text-subtitle" data-block-key="cygyq" style="margin-top: 0; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.375; margin-bottom: 8px; color: #0C73EC; font-size: 20px;">
"Maybe this world is another planet's hell."
</p>
<span class="text-caption font-normal text-blackLight leading-normal" style="font-weight: 400; line-height: 1.5; color: #3C4857; font-size: 12px;">
– Aldous Huxley (an English writer and philosopher)
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<td style="vertical-align:top;padding:25px;padding-top:16px;padding-bottom:16px;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
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🎯 On Our Radar
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1.
<b>
Another L for humans.
</b>
China successfully
<a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
automated an industrial role
</a>
.
</p>
<p data-block-key="bg918" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
2.
<b>
Say “om”.
</b>
Meditation might be good for you – but sheesh,
<a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
it’s boring
</a>
.
</p>
<p data-block-key="b5172" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
3.
<b>
It’s not therapy, relationship coaching, or online relationships…
</b>
ChatGPT’s most common purpose
<a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
might surprise you
</a>
.
</p>
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🎙 Grab your free tickets...
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<img alt="Modern Investor Summit 2025: December 2nd and 3rd" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FMIS25-SpeakerAnnouncement-email-1000x500_2.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D7ec590e298f720b36ad5c690355f19cd/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NTMyMjE4NzYuODE0NDU0M30:1ueL6C:lITwkQ4wPR5wIvm2mTUQIhqC4h7ZwzSxmV9hsxpPnJ0" width="100%"/>
</h4>
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Modern Investor Summit 2025: December 2nd and 3rd
</p>
</a>
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Thanks for reading Sarah. If you liked today’s brief, we’d love for you to share it with a friend – here’s a link:
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Share this email
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You stay classy, Sarah 😉
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Any thoughts on today’s email?
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Want to advertise with us?
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Get in touch
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4 days, 7 hours ago - hello@finimize.com
📈 How the S&P 500 broke its record
Plus, Nvidia might finally have competition | TOGETHER WITHHi Sarah, here's what you need to know...