Call us petty, but we kind of enjoy when one Big Tech competitor razzes another. Case in point: Google, which recently put out an ad directly mocking Apple’s failure to deliver a better, AI-powered Siri for its iPhones. Yesterday, Google debuted its new Pixel 10 and showed off AI features Apple has long promised were “coming soon.” From early reviews, it seems its Gemini assistant is succeeding, though the real proof will come when the new smartphone hits the hands of actual consumers next week.

What was shaping up to be a repeat of Tuesday’s AI momentum wreck seemingly turned on a dime into another buy-the-dip moment. Though major indexes all retreated on the session, they turned around sharply shortly before 11 a.m. ET to finish well off their lows. In the end, the S&P 500 gave back 0.2%, the Nasdaq 100 underperformed with a 0.6% drop, and the Russell 2000 dipped 0.3%.

SoundHound AI is at the bottom of the pack despite a dearth of company-specific news, and fell another 6.6% yesterday. 

Adding “AI” to your name could be a sincere way to bring the forefront of a company’s business to top of mind for investors, or it could more cynically be perceived as a cheap stunt to juice the stock. Whichever way you see it, one thing is now clear: it’s far from without risk. 

They may not be trading on the Nasdaq yet, but Pacaso just reserved the ticker “$PCSO.”¹ 

Created by a former Zillow exec who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry.²

They’ve generated $1B+ worth of luxury home transactions and service fees since inception across 2,000+ owners. That’s good for more than $100M in gross profit since 2021, including 41% YoY growth last year alone.³ 

No surprise the same firm that has backed large-cap S&P 500 companies already invested in Pacaso. What is unique is Pacaso is giving the opportunity to become an early shareholder to everyday investors, and 10,000+ people have already joined them.

And you can join them today for just $2.90/share.⁴ But don’t wait too long. Invest in Pacaso before the round ends September 18.⁵

Rental car giant Hertz announced it will begin selling some of its massive inventory of used vehicles on Amazon. The news sent shares of the used car company up 6 points, while it dinged stocks like Carvana and CarMax as investors came to grips with the idea that Amazon might be muscling in on their turf.

If Amazon continues to expand into the used car business, that may become even tougher.

The four most dangerous words for any company are: “Amazon likes your industry.” Even a cursory expansion to an existing business line — Amazon’s toe in the water in the auto world is the aptly named Amazon Autos, which has so far mostly been an arrangement with Hyundai — is enough to wreak havoc on an unsuspecting industry’s share prices. 

In 2021, no one at Xiaomi knew how to make cars. Going from smartphones to EVs isn’t exactly a logical or easy next step — just ask Apple, which gave up on its moon shot car project after a decade. But facing trade sanctions in its phone business, the company launched Xiaomi Auto and, less than four years later, predicts it will deliver 350,000 electric vehicles this fiscal year.

See how long it took Tesla and BYD to hit that milestone.

As of today, the price of every new Sony PS5 costs $50 more.

Advertiser's disclosures:

¹ Pacaso recently received their ticker reservation with Nasdaq ($PCSO). Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.

² Pacaso estimates the U.S. market at $1.3 trillion and the European market as $500 billion. See website for further details. 

³ The $100M gross profit is calculated from 2021-2024. For more details on the gross profit for 2021- 2023, please see management discussion of the financial condition section of the offering circular. For more details on the 2024 gross profit, please see the 1-K Financial Statements section. Past performance is not indicative of future results.

⁴ The minimum investment is $1,035.52 when including the 3.5% investor fee. This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular and related risks at invest.pacaso.com.

⁵ Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.

⁶ Based on separate individual studies of oral minoxidil and oral finasteride.

⁷ Hair Hybrids are compounded products and have not been approved by the FDA. The FDA does not verify the safety or effectiveness of compounded drugs.

Restrictions apply, see website for full details.

Prescription products require an online consultation with a healthcare provider who will determine if a prescription is appropriate. Restrictions apply. See website for full details and important safety information.

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