The Daily Upside

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Financial advisor news, market insights, and practice management essentials.

ChatGPT Can Now Give Advice By Linking to Clients’ Bank Accounts. Can They Trust It?

Photo via Ahmed Fesal Bayaa/ZUMAPRESS/Newscom

2 min read
Digital Custodian Altruist Takes On Schwab, Fidelity With New RIA Model

Photo via Altruist

2 min read
How to Help Clients After the $124T Great Wealth Transfer

Photo by Jacob Wackerhausen via Unsplash

2 min read

Consumer

Retail Earnings Likely to Spotlight Inflation’s Bruising Grip on Low-Income Consumers

Photo via Michele Eve Sandberg/Sipa USA/Newscom

The reading on the University of Michigan’s consumer sentiment survey has recently plummeted to near all-time lows.

2 min read

ETF Upside

DRAM’s Success Leaves Investors Looking for the Next Bottleneck Trade

Photo by Getty Images via Unsplash

1 min read

Photo via Hugo Amaral/ZUMAPRESS/Newscom

Banking

Revolut Develops Private Bank as More Euro Firms Pursue Wealth Management

European banks are navigating a tricky landscape due in part to strict capital rules that they say make it tough to compete with Wall Street.

1 min read
Photo via BeneathBlue

Blockchain

Zcash Surges on Nostalgia for Crypto’s Early Days

Ten-year-old Zcash is a near carbon-copy of bitcoin, with a supply that’ll never exceed 21 million tokens and a four-year halving cycle.

2 min read
Photo via Jeanne Accorsini/SIPA/Newscom

Semiconductors

AI Market Braces for Bellwether Nvidia Earnings Report

The US did approve 10 Chinese firms as buyers for the H200, Nvidia’s second-most powerful AI chip, though no purchases have yet been made.

2 min read
Photo via Spencer Jones/Plexi Images/GHI/Universal Images Group/Newscom

ETF Upside

BlackRock, State Street Launch Tokenized Stablecoin Products for Institutional Investors

BlackRock filed for two tokenized money-market funds, while State Street debuted an onchain cash-management product.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

Advisor Upside

Why Advisors Are Betting on AI Infrastructure Over Apps

Even legacy tech companies like Intel and Dell Technologies are riding the AI wave with major stock gains this year.

5 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Hapabapa via iStock and Vincent Isore, Florian Gaertner, imageBROKER/Mojahid Mottakin, Andrej Sokolow, Wladimir Bulgar/Science Photo Library, and Kyodo via Newscom

Artificial Intelligence

In AI Chip Race, Nvidia’s Biggest Customers Become Competitors

The types of chips that will keep AI’s momentum up are different from those that trained it, creating an opening for rivals to Nvidia.

4 min read

Retirement Upside

How State Auto-IRAs Are Changing Retirement Savings

Photo by Towfiqu barbhuiya via Unsplash

Total assets in the programs reached more than $3 billion at the end of April.

2 min read

ETF Upside

All Things ETFs: Simplified and Actionable

Autos

Building Batteries for Data Centers Re-Energizes Ford Stock

Photo via Jim West/UCG/Universal Images Group/Newscom

In a note to clients on Tuesday Morgan Stanley analysts flagged Ford Energy as having the potential to be a $10 billion business.

2 min read

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