🚀 Google's new AI chip

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Market Overview
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Year To Date Performances:

1. Google unveiled the eighth generation of its Tensor Processing Units (TPUs) on Wednesday, splitting the product line into two specialized chips: the TPU 8t "Sunfish" for training and the TPU 8i "Zebrafish" for inference. This strategic shift follows a similar path to Amazon's Trainium and Inferentia, aiming to provide an optimized alternative to Nvidia’s general-purpose GPUs. While the training-focused TPU 8t offers 2.8 times the performance of the previous "Ironwood" generation, the inference-optimized TPU 8i focuses on slashing latency for "agentic" AI, featuring 384 MB of on-chip SRAM to keep model data resident and minimize the "memory wall" bottleneck.

2. Boeing reported a significant turnaround in its first-quarter earnings on Wednesday, reporting a much narrower adjusted loss of $0.20 per share compared to the $0.83 loss expected by analysts. Revenue climbed 14% to $22.22 billion, bolstered by a 10% increase in aircraft deliveries and robust growth in its defense and services divisions. CEO Kelly Ortberg, who has been leading the company’s safety and manufacturing recovery since 2024, signaled a major milestone by announcing that the long-delayed 737 Max 7 and Max 10 are expected to receive FAA certification later this year, with deliveries slated for 2027.

3. Oil prices experienced significant volatility on Wednesday morning, with Brent crude hovering near $99.02 and WTI at $90.12, as traders reacted to President Trump’s decision to prolong the temporary ceasefire despite a breakdown in formal negotiations. While the extension avoids an immediate return to kinetic warfare, the President’s insistence on maintaining a total naval blockade has led Tehran to brand further peace talks in Pakistan a "waste of time." The resulting "fog of uncertainty" is compounded by reports of a new attack on a container ship off the coast of Oman, keeping global energy markets in a state of high distress.

   Headlines

   1. Palantir has signed a $300M deal with the USDA to safeguard the US food supply.

   2. Mortgage rates fell last week causing a 10% bump in applications for new home mortages.