Retrofit for the future, why the Fed pivoted, and what’s after what’s next?

Alister Sneddon, CTO

Here are the top 3 insights for May 3rd, prepared by Alister, our CTO.

Today’s Brief

  • S&P Global: Intel intensifies AI focus with new products as it expands in data center space
  • Fidelity: Why the Fed pivoted and what happens next
  • EY: What’s after what’s next?

Intel intensifies AI focus with new products as it expands in data center space

  • Intel Corp. has put artificial intelligence at the center of its product strategy as the chipmaker looks to expand in the data center market.
  • The application of AI to evaluate and understand data was the focus of Intel’s launch of seven data center products April 2.
  • The launch included Xeon 9200 server chips, which have built-in hooks for AI tasks like faster image and voice recognition.
  • Intel’s new Xeon chips — previously codenamed Cascade Lake — are key to boosting the chipmaker’s data-center revenue in the second half of this year.
  • Xeon shipments are expected to pick up with an increase in cloud deployments, where AI will be key in analyzing and interpreting data, said Navin Shenoy, executive vice president and general manager of the Data Center Group, at an event in San Francisco, which was livestreamed.

Genuine Scores for the top 3 Semiconductors & Semiconductor Equipment stocks

  • Siltronic, 68
  • Lam Research, 66
  • Xperi, 65

Why the Fed pivoted and what happens next

  • The pace and the degree of the ‘dovish pivot’ by the major central banks over the past few weeks has been dramatic.
  • In addition to concerns about domestic growth and inflation, external factors, such as the slowdown in China, partly accounted for the abrupt change in global monetary policy.
  • But I believe the market has overreacted by pricing in US rate cuts and the Federal Reserve will have to start changing gears again over the next few months as evidence of stabilisation emerges later this year.

Genuine Scores for top 3 US focused Bond funds

  • PGIM Core Short-Term Bond Fund, 100
  • iShares Ultra Short-Term Bond ETF, 100
  • Invesco Ultra Short Duration ETF, 100

What’s after what’s next?

  • The megatrends of the future will emerge at the intersection of long-term trends in technology, demography and globalization.
  • The dominant technological trend characterizing our current era is human augmentation; the dominant trend relating to globalization is populism.
  • Superfluid markets will remove the friction in how consumers purchase goods by using sophisticated and seamlessly integrated technology.
  • As populism continues to gain momentum, a new social contract will be required, to respond to shifting workforce dynamics as technology takes over some tasks and to address the growing inequality in the system.
  • Business leaders have a greater responsibility to help shape the future of society.
  • CEOs and boards should consider using the Megatrends framework to evaluate which megatrends will most impact their business in coming years, and begin preparing now.

Genuine Scores for the top 3 Globally focused funds

  • PIMCO Short Asset Investment Fund, 100
  • SPF Securitized Products, 99
  • Pioneer Multi-Asset Ultrashort Income Fund, 99

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All the best,
Alister and the Genuine Impact Team

p.s. all Genuine Scores are accurate as of the 4th of April