Finimize - 💔 Google's big breakup

Google faces a breakup, xAI hits a $50 billion valuation, and lots of manatees |
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Hi Reader, here's what you need to know for November 22nd in 3:00 minutes.

  1. US justice officials say Google should be forced to sell Chrome
  2. The scrappy Latin American stock you might want on your radar now – Read Now
  3. Elon Musk’s xAI hit a hefty $50 billion valuation

🍨 Get the scoop for the new year. Join InvestEngine’s Andrew Prosser and JPMorgan’s Edward Malcolm at our Modern Investor Summit and see how ETFs can help you capitalize on 2025’s biggest themes. Grab Your Free Ticket

Blow By Blow
Blow By Blow

What’s going on here?

The US Department of Justice (DoJ) came out swinging this week, recommending that Google be forced to sell its Chrome browser.

What does this mean?

US federal court set the stage for this showdown over the summer, ruling Google’s search monopoly illegal. Now the country’s top law enforcement agency and a group of US states have come back with a one-two punch of recommendations. First: sell Chrome. Second: either sell its Android mobile phone operating system or stop making its search, mapping, and other services mandatory on the devices that run on Android. And, as a final, bruising blow, the DoJ is asking that Google be required to let website publishers opt out of having their data used to train the tech giant’s increasingly essential AI models.

Why should I care?

For markets: On the ropes.

Google rules search with a massive 88% market share – and it uses it to collect customer data that fuels its ad-driven revenue machine. A breakup could open the door for rival search engines and complicate the firm’s AI ambitions – all while this $2 trillion firm’s search dominance is already facing pressure from AI challengers like Perplexity and OpenAI.

The bigger picture: Misery loves company.

Google’s not the only tech behemoth being threatened with an unhappy split. US regulators have also turned their antitrust gaze to Apple, Microsoft, Meta, and Amazon. And the upcoming change in the White House isn’t likely to offer any reprieve: Republicans have generally supported the antitrust claims against Big Tech. In fact, the case against Google was filed in 2020, during the president-elect’s first term in office.

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TODAY'S INSIGHT

What Nu’s Latest Results Mean For Latin America’s Hottest Growth Stock

Russell Burns

What Nu’s Latest Results Mean For Latin America’s Hottest Growth Stock

In just over a decade, Nubank went from an obscure fintech startup to Latin America’s most valuable bank. So somewhere along the way, I started tracking it pretty closely.

Over the past week, Nu Holding’s share price has fallen 17%, but it’s still up 62% so far this year.

Let’s check out some possible reasons for the decline, look for any potential red flags in its recent quarterly results, and see whether the recent pullback might make for an interesting investment opportunity.

That’s today’s Insight: the latest look at Latin America’s hottest growth stock.

Read or listen to the Insight here

* SPONSORED BY CHARLES SCHWAB

A new British wave, but for investors

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Even better, the trading platform offers fractional shares. That means if a company’s stock costs more than you’ve got to spend, you can buy a slice of it for as little as $5.

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* Standard online $0 commission does not apply to over-the-counter(OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules. 

** If you are not completely satisfied for any reason, at your request Charles Schwab & Co., Inc. (“Schwab”), Charles Schwab Bank, SSB (“Schwab Bank”), or another Schwab affiliate, as applicable, will refund any eligible fee related to your concern. No other charges or expenses, and no market losses will be refunded. Refund requests must be received within 90 days of the date the fee was charged. Schwab reserves the right to change or terminate the guarantee at any time. Go to schwab.co.uk/satisfaction to learn what’s included and how it works. 

Investing in U.S. securities is not without risk. Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. The potential for profit or loss from transactions in the U.S. market will be affected by fluctuations in exchange rates. 

Schwab Stock Slices is not intended to be investment advice or a recommendation of any stock. ​Investing in stocks can be volatile and involves risk, including loss of principal. [Consider your individual circumstances prior to investing.

Please note: Investors should consider their investment objectives and risks carefully before investing in fractional shares. Engaging in fractional share trading poses unique risks and limitations. Traditional exchanges do not trade in fractional shares and liquidity is dependent upon appropriate aggregation into whole shares for marketability. Fractional share positions are not transferrable outside of Schwab and may be illiquid. Fractional shares are sold only through specific investment offers involving them and not all assets on Schwab’s platform are eligible for fractional share trading. You should carefully evaluate the appropriateness of these investments for you and your circumstances, including the exposure to fractional shares.

© 2024 Charles Schwab, U.K., Limited is authorized and regulated by the Financial Conduct Authority ("FCA") to arrange deals in investments and make arrangements with a view to transactions in investments under registration number 225116. Charles Schwab, U.K., Limited is designated under U.S. regulations as a foreign branch office of Charles Schwab & Co., Inc. Charles Schwab, U.K., Limited is a private limited company registered in England and Wales No.4709153 and a wholly owned subsidiary of Charles Schwab & Co., Inc. Registered office: 33 Ludgate Hill, London EC4M 7JN.

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All Atwitter
All Atwitter

What’s going on here?

Elon Musk’s artificial intelligence startup, xAI, had investors chattering on Thursday, announcing that it had raised $5 billion in a funding round valuing the firm at $50 billion.

What does this mean?

That’s more than double the value the upstart boasted back in May when it raised $6 billion in funding to put its overall price tag at $24 billion. The firm will need deep pockets to catch up in this industry: xAI was founded just a year ago, well behind several rivals – not least of which is OpenAI, the ChatGPT creator that Musk helped co-found back in 2015. And developing the computer power to train AI models and build the infrastructure won’t come cheap. After all, it’s going to require stacks of Nvidia’s high-priced, essential chips and other expensive gear. But, the word on the street is that xAI is raking in $100 million a year in revenue to pay for it, thanks to the Grok chatbot used by premium members of Musk’s X social platform and some business customers. And the chatbot’s upgraded version is set for launch next month.

Why should I care?

For markets: AI’s golden touch.

AI is the hottest investment trend in markets right now, and there are plenty of winners beyond the much-adored belle of the ball, Nvidia. Companies that equip data centers have seen demand skyrocket – including the advanced cooling systems that keep the whole thing from overheating. And, as power-hungry AI systems drive up electricity demands, nuclear energy is staging a major comeback. It’s no wonder: those data centers alone could chug nearly 9% of all US electricity output by 2030.

The bigger picture: Spend, spend, spend.

With companies shelling out so much money on AI – and with few returns to show for it – investors are beginning to drum their fingers in frustration. Still, Nvidia’s order books are bulging. And companies like xAI are only adding to the AI frenzy.

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QUOTE OF THE DAY

"Every story I create, creates me. I write to create myself."

– Octavia E. Butler (an American science fiction writer)
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Get in at the ground floor

AI has been so hot for so long, it might seem like the best opportunities are long gone.

But that’s why we’ve invited Linqto CEO Bill Sarris to our Modern Investor Summit: he’s got some top tips for tapping into AI companies before they hit the public stage.

He’ll talk about the important trends, the corners of the AI world that are just beginning to grow, and some booming startups. 

You’ll come away knowing how to spot promising AI ventures, weigh up their risks, and use the best platforms to access private equity.

Grab your free ticket now and be ready for the inside track.

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🎯 On Our Radar

1. A grand reopening. The reconstruction of Notre Dame cathedral is finally finished.

2. A growing population. There have never been more manatees in Florida.

3. Hitting the jackpot. Scientists have found 145-year-old seeds for a rye variety that no longer exists.

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