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- Laser Tech Company Beams Ahead 83%
Laser Tech Company Beams Ahead 83%
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Markets 📈
U.S. indexes turn the tide on a lackluster beginning of the week, ending Tuesday on a high note. The Nasdaq Composite bounced back the highest, earning 1.45% on the day.
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Market-Moving News 📈
Adobe Empowers Creators with Free Tool to Protect Their Work from AI
Adobe has announced a new initiative that will make its web-based app free for creators next year, focusing on helping artists protect their work when used in AI systems. Since 2019, Adobe and other tech companies have developed "Content Credentials," a digital tool to authenticate how photos and videos were created. This tool is set to expand, giving creators the ability to attach these credentials to their work and signal whether they want their content used in AI training.
The use of data by AI models has led to legal actions across various industries. Some firms have resorted to licensing agreements, while others have taken legal measures. Adobe, meanwhile, is pushing for widespread adoption of its transparency standards to safeguard creators' rights.
This effort comes as Adobe continues to advocate for more companies to join its initiative, aiming to set a standard for content transparency. The free app is designed to give creators a way to control how their work is used, ensuring that their creations are credited properly in the evolving digital landscape.
PepsiCo Adjusts Revenue Forecast Amid Sluggish Sales and Recall Challenges
PepsiCo has revised its full-year forecast after facing challenges in its second straight quarter of weaker-than-expected sales. The company now anticipates a low single-digit increase in organic revenue, a reduction from its earlier projection of 4% growth. The drop in demand across key markets, coupled with business disruptions, impacted PepsiCo’s quarterly performance.
PepsiCo’s Quaker Foods division was particularly affected by product recalls, resulting in a drop in volume. Despite steps to mitigate these challenges, including the closure of a plant tied to the recalls, the effects are still being felt. Meanwhile, Frito-Lay North America saw a slight volume decline, though the company is making efforts to enhance consumer value and in-store availability.
Demand for PepsiCo’s beverages also slipped, with volume down in North America, Latin America, and African regions. Despite these setbacks, PepsiCo plans to invest in popular snack brands like Doritos and Tostitos this fall to leverage seasonal demand. Additionally, the recent acquisition of Siete Foods reflects its push to appeal to health-conscious consumers.
Supermicro Debuts New Edge AI Server with Dual Intel Processors
Supermicro Computer has unveiled a new 3U Edge AI server designed to accommodate up to 18 GPUs and powered by dual Intel Xeon 6900 series processors earlier today.
The company's CEO highlighted the growing demand for robust AI solutions, emphasizing that customers require efficient systems to manage inference data for large language model applications, particularly close to the data source to reduce latency. The SYS-322GB-NR server is equipped with two Intel Xeon 6900 processors, offers 8800 MT/s MRDIMM, and features up to 20 PCIe 5.0 expansion slots. This flexibility allows users to integrate single or double-width GPUs or allocate expansion slots for high-performance I/O and additional cards.
Moreover, the server can support up to 6TB of RDIMM memory and accommodate 14 E1.S or 6 U.2 NVMe drives. This release follows Supermicro’s recent achievement of deploying over 100,000 GPUs, complete with liquid cooling solutions, to major AI factories and various cloud service providers, positioning the company as a key player in the AI infrastructure market.
Mining Profits
This $1 stock is already making waves with its listing on the prestigious NYSE.
The company holds prime land in one of America’s richest gold regions, giving it the potential to uncover a billion-dollar discovery.
Early exploration has shown promising signs, and investors are beginning to take notice.
With the gold market trending upward, this could be a rare opportunity to get in before the stock takes off.
If you’re looking for the next big win in the gold space, this could be the one.
Top Winners and Losers 🔥
Laser Photonics [LASE] $7.93 (+83.56%)
Laser Photonics regained ground after delivering a business update that appeased some investor worry about the company’s direction.
Trump Media & Technology Group [DJT] $21.80 (+18.54%)
Trump Media stock gets a boost after Elon Musk’s appearance at a recent Trump rally.
PTC Therapeutics [PTCT] $40.77 (+16.52%)
PTC Therapeutics looks good in investor eyes as the company shares positive results for its long-term treatment studies.
JinkoSolar Holding Co [JKS] $25.99 (-20.54%)
JinkoSolar shares dropped as investors express fears over the future of China’s solar production.
Daqo New Energy Corp [DQ] $20.94 (-19.77%)
Daqo New Energy continues to struggle amid speculation of lower production due to poor market conditions.
Scholar Rock Holding Corp [SRRK] $29.49 (-13.97%)
Scholar Rock is back down after yesterday’s spike despite excitement over a win in its muscle disease trial.
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That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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