SEC Chair exit fuels crypto surge

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Hello, and happy Sunday! Here’s what we’re diving into today:

• Nasdaq-100’s dominance: A $10,000 investment in 2007 would be worth $117,000 today—tech wins again.

• Nvidia’s AI boom: Massive growth continues, but supply constraints loom for 2025.

• ChatGPT’s supremacy: Still the leader in generative AI, but Apple’s entry could shake things up.

• Google vs. DOJ: A proposal to force Chrome’s sale could reshape the browser market.

• Crypto surge: Gensler’s SEC exit sparks optimism and a rally for altcoins.

Nasdaq-100 Crushes the Competition

If you’d put $10,000 into the Nasdaq-100 back in July 2007, that investment would be worth over $117,000 today, far outpacing what you’d get with the S&P 500 or Dow Jones.

The secret to its success? A lineup stacked with tech giants like Apple, Microsoft, and Amazon. Add in the low interest rates of the 2010s and the pandemic-era tech boom, and it’s no wonder the Nasdaq-100 is miles ahead. Tech just keeps winning. 👨‍💻 🚀

Nvidia’s AI Reign Continues

Nvidia’s Q3 FY2025 revenue soared 97% year-over-year to $35.1 billion, with a staggering $19.3 billion in profit—more than triple its total earnings for fiscal 2023. 🤯 Its data center business led the charge, accounting for 87% of sales with 112% growth.

Despite crushing estimates, Nvidia’s shares fell 3%, as growth slowed from 200% earlier this year to 94%. CEO Jensen Huang said the “age of AI is in full steam,” while confirming its next-gen Blackwell chips will ship this quarter but face supply constraints into 2025.

Looking ahead, Nvidia projects $37.5 billion in Q4 revenue, up 70% from last year, as AI demand remains strong but more tempered.

Nobody Can Beat ChatGPT… For Now

Since ChatGPT's launch in November 2022, it’s become the poster child of generative AI, hitting 1 million users within days and proving what large language models can do. Its mass adoption sparked a wave of AI-powered tools like Adobe Firefly for image creation and Microsoft's Copilot for productivity.

While competitors have emerged, none have matched ChatGPT’s dominance. Surveys from 2022 to 2024 show it consistently leads in adoption, though Meta AI has narrowed the gap. Now, with Apple entering the scene in late 2024, leveraging its massive user base, the AI landscape could see a significant shake-up. All eyes are on whether Apple AI will redefine the competition. 🤔

Google vs. DOJ: The Battle Over Your Browser

The Department of Justice just dropped a bombshell in its antitrust fight against Google: it wants Chrome gone. Following a ruling in August that found Google guilty of maintaining a monopoly in online search, the DOJ filed a proposal demanding Google sell its market-dominating web browser, Chrome, to level the playing field.

The DOJ says Google’s control over Chrome has “monopolized markets” and blocked competition, while Google is calling the move “extreme” and “wildly overboard.” The search giant argues breaking up Chrome would hurt tech innovation in the U.S. and plans to fight the proposal in court next year.

Chrome’s rise to dominance wasn’t an accident. Launched in 2008 as Google’s answer to Microsoft’s Internet Explorer, it quickly became the go-to browser, thanks to its speed and integration with Google Search. By 2013, it had overtaken Explorer, and today, Chrome commands 65% of the browser market—more than triple its closest rival, Safari. 🧭

This case could change the tech landscape, forcing Google to loosen its grip on how we search and browse. But for now, the showdown is just heating up.

Crypto Tokens Surge as Gensler Preps Exit

Crypto markets are lighting up after SEC Chair Gary Gensler announced plans to step down in January, aligning with President-elect Trump’s inauguration. Known for his harsh stance on the digital asset industry, Gensler’s exit has traders betting on a more crypto-friendly regulatory environment. 🥳💰

Tokens like XRP (linked to Ripple Labs), Cardano’s ADA, and Solana’s SOL, all previously flagged by the SEC as unregistered securities, have soared. XRP jumped 20%, ADA climbed 12%, and SOL surpassed its 2021 highs. These tokens have even outpaced Bitcoin, which itself is closing in on the $100,000 milestone, up 135% this year.

The industry is optimistic that Trump’s administration will dial back SEC crackdowns and clarify regulations. Trump, once a crypto skeptic, shifted his stance during campaigning, pledging to create a supportive regulatory framework and even proposing a national Bitcoin reserve.

With Bitcoin expected to cool off, attention is shifting to smaller tokens, a pattern seen in previous market cycles. As bullish sentiment builds, all eyes are on what the new administration will bring for crypto.