--- title: Notes from Mike - 09/06/2024 description: PV Opportunity Fund - Portfolio Company News, xAI --- [Skip to content](https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0-0#main-content) ![1pvcapital logo](https://blog.pinevalleyinvestments.com/hs-fs/hubfs/1pvcapital%20logo.png?width=200&height=91&name=1pvcapital%20logo.png) Open main navigation Close main navigation - [Contact us](mailto:mmodica@pinevalleyinvestments.com) [Contact us](mailto:mmodica@pinevalleyinvestments.com) ![Black Print logo (5)](https://blog.pinevalleyinvestments.com/hs-fs/hubfs/Black%20Print%20logo%20(5).png?width=1800&height=506&name=Black%20Print%20logo%20(5).png) - [All Blog Posts](https://blog.pinevalleyinvestments.com/blog) Open main navigation Close main navigation - [All Blog Posts](https://blog.pinevalleyinvestments.com/blog) - [Contact us](https://www.pinevalleyinvestments.com/contact) [Contact us](https://www.pinevalleyinvestments.com/contact) Sep 6, 2024 9:00:00 AM # Notes from Mike - 09/06/2024 [Michael Modica](https://blog.pinevalleyinvestments.com/blog/author/michael-modica) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0-0) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0-0) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0-0) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0-0) [envelope icon](mailto:?body=https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0-0) --- ## Happy Friday Folks Wanted to start this week's note off with a story we all lived through, but may not have been aware of! It’s a tale of missed chances, billion-dollar decisions, and what happens when opportunity knocks but no one answers. We’re talking about Yahoo and a series of 'what if' moments that could’ve changed tech history. Grab a coffee and get ready for a fun look back at one of the most famous business 'oops' stories of all time… Missed Opportunities: The Epic Saga of Yahoo’s “What If” Moments Sometimes, business decisions feel like watching a game of "What if?" And few companies embody this more than Yahoo! Let me take you on a quick journey of some truly head-scratching moments in tech history that’ll leave you wondering, “What were they thinking?” - **1998**: Picture this—Yahoo had the chance to buy this little startup called Google for a mere $1 million. Yes, you read that right. A cool million could’ve landed them one of the biggest tech giants we know today. But Yahoo said, "Nah, we're good." - **2002**: Fast forward a few years, and Yahoo realizes its mistake. Oops! They knock on Google’s door again, offering $3 billion this time. But Google, now feeling its oats, says, “We’re worth $5 billion.” And Yahoo? Still too stubborn, they walk away. Strike two. - **2008**: The tables turn—Microsoft comes knocking on Yahoo’s door with a whopping $44 billion offer to buy them. Can you guess what happened? Yep, Yahoo turned them down. Fast forward, Yahoo ends up selling for a fraction of that just a few years later. Ouch. - **2016**: Yahoo finally gets sold to Verizon, but the price tag is a humble $4.5 billion. What could’ve been $44 billion is now less than 10% of that. Oh, the irony. - **Meanwhile…** Google’s market cap skyrockets to an eye-popping $2 trillion. That’s 2,000,000 millions for those keeping score at home. 😅 So, what’s the moral of the story? Sometimes, it's all about timing and having the guts to pull the trigger when opportunity knocks. One "yes" in 1998, and Yahoo could have been the tech juggernaut. Instead, they’re a tale of "what could have been." Next time you’re facing a tough decision, remember: it could be your $1 million Google moment!   ---   Markets: It’s been a tough week for equities, with all four major indices in the red. The majority of the pain came on Tuesday, 09/03/2024. We’re seeing some volatility as investors react to a mix of economic data, inflation concerns, and global uncertainty. While it may feel rough, remember that market dips can sometimes present long-term opportunities. As always, it's about keeping perspective and sticking to the plan. Summary performance below is as of the close on Thursday, 09/05/2024.  Let's see if Friday has a stronger finish to head into the weekend. | **Index** | **This Week's Performance** | **YTD Performance** | | --- | --- | --- | | S&P 500 | -2.57% | 15.38% | | Nasdaq Composite | -3.31% | 14.10% | | Russell 2000 | -3.86% | 5.18% | | Dow Jones Industrial Average | -1.94% | 8.14% | --- Other Headlines from this week Morning CORE ([which you can subscribe to here](https://www.pinevalleyinvestments.com/newsletter)) - US, UK, & EU aiming to agree on artificial intelligence standards. -FT - Qualcomm exec says the company is working on developing smart glasses with Samsung and Google. -CNBC - China detained some AstraZeneca employees. -Bloomberg - Russia has been forced to start storing gas from Vladimir Putin's Arctic project due to western sanctions deterring buyers. -FT - Russia's Kursk region, which has been invaded and captured by Kyiv, has stabilized, and the Russian army is now pushing Ukrainian forces out of the area. -FT - US Steel has warned that thousands of jobs in Pennsylvania are at risk if Nippon Steel's proposed $14.9B acquisition of the firm fails. -FT - The US Department of Justice is seizing dozens of websites used by the Russian government to spread disinformation to influence the 2024 US presidential election. -FT - Semiconductor stocks were mostly positive on Wednesday, following bears' negative economic news. -IBD - Boeing has delivered nine 737 Max jet airliners to China in August, marking the highest monthly total in almost six years, according to data from aviation analytics firm Cirium. -Caixin - The falling birthrate in America is a significant issue in the upcoming election, with conservative policy agendas focusing on lifting fertility levels to boost economic growth and Social Security solvency. -WSJ - Disney has disclosed a trove of data leaked by hackers earlier this summer, which includes financial and strategy information, as well as personally identifiable information of staff and customers. The leaked files include details about revenue generated by Disney+ and ESPN+, park pricing offers, and login credentials for some of Disney's cloud infrastructure. -WSJ - Verizon is in advanced talks to acquire Frontier Communications in a deal that would bolster the company’s fiber network to compete with rivals including AT& T, according to people familiar with the matter. -WSJ - Alibaba will offer payment services from rival Tencent on its biggest online marketplaces, a milestone toward breaking down the walls that divide Chinese internet giants. -WSJ (If all tech companies are commandeered by the Communist govt., why does it matter?) - Nordstrom’s founding family made a $3.8 billion bid to take the retailer private, its second attempt to revive the department-store chain out of public view. -WSJ ---   Follower suggestions for social media (mostly X/Twitter) My roster of accounts and pages I follow grows every week.  It's amazing the abundance of content available these days from some really good writers.  I'll try to add more recommendations each week. [SentimenTrader](https://x.com/sentimentrader) - Their tagline reads "analysis over emotion". Over 20 years of exclusive, data-driven insights and unrivaled market sentiment tools.  I find their reports and research to be very useful and always objective. [Unusual\_whales](https://x.com/unusual_whales) - Famous for initially tracking politicians portfolio's (Nancy Pelosi), and has since developed a much deeper research bench covering macro trends and news, options trading volumes, insider buys/sell, and much more. [The Daily Shot](https://x.com/SoberLook) - The Daily Shot® began as an internal daily memo at a multi-strategy hedge fund. The goal was to provide traders and analysts with a quick visual overview of key global macro trends. This daily memo was later made available to the fund’s clients, most of whom were institutional investors. [PVI's very own, Nick Lampone](https://x.com/CORELampone) - The mastermind behind every morning's "The Morning CORE".  ## Leave a comment ## Related posts ## [xAI - PV Opportunity Fund, Portfolio Company News](https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai) [Michael Modica](https://blog.pinevalleyinvestments.com/blog/author/michael-modica) Sep 3, 2024 10:48:47 AM [Read more](https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai) ## [Groq - PV Opportunity Fund, Portfolio Company News](https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0) [Michael Modica](https://blog.pinevalleyinvestments.com/blog/author/michael-modica) Sep 5, 2024 3:55:14 PM [Read more](https://blog.pinevalleyinvestments.com/blog/pv-opportunity-fund-investment-news-xai-0) [facebook-f icon](https://www.facebook.com/pinevalleyinvestments/) [linkedin-in icon](https://www.linkedin.com/company/pine-valley-investments-llc/?viewAsMember=true) [Twitter icon](https://twitter.com/pv_investments) [instagram icon](https://www.instagram.com/pv_investments/) --- © 2024 Pine Valley Investments, LLC. Pine Valley Investments is a [Registered Investment Advisor\*.](https://www.pinevalleyinvestments.com/ria) \*Registration does not imply a certain level of skill or training. This message (including any attachments) is confidential and may be privileged. If you have received it by mistake please notify the sender by return e-mail and delete this message from your system. Any unauthorized use or dissemination of this message in whole or in part is strictly prohibited. Please note that e-mails are susceptible to change. Pine Valley Investments, LLC shall not be liable for the improper or incomplete transmission of the information contained in this communication nor for any delay in its receipt or damage to your system. Pine Valley Investments, LLC does not certify that the integrity of this communication has been maintained. Internet communications are not secure and subject to possible interception and data corruption, either accidentally or on purpose, and may contain viruses.The information contained herein is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions, which should be referred to for additional detail and are subject to changes that may not be reflected in these documents. No statement contained herein should be construed as a recommendation to buy or sell a security or any other financial instrument or to provide investment advice. 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