HAPPY SATURDAY TO THE STREET
And welcome back to Street Tweets from The Street Sheet!
Ever paid $13B for a hug?
Nvidia (NVDA) just did. The chipmaker agreed to buy Hugging Face, the platform where developers park and share open-source AI models, for $12.93B.
Hugging Face last carried a $4.5B valuation back in 2023, fresh off a funding round Nvidia itself joined.
So Nvidia paid nearly 3x to buy the thing it already bankrolled.
Turns out the warmest embrace in tech still comes with a receipt.
— Brooks & The Street Sheet Team
MARKET REVIEW & PREVIEW
The Fed delivered its first rate hike in years last week, a quarter point to a range of 3.75% to 4%. Stocks didn’t take the news that well. The Dow slid a little more than 1.5% while the S&P 500 and Nasdaq finished roughly flat. Officials framed prior policy as accommodative rather than loose, a hint that more hikes are coming.
Next week, Wednesday brings the S&P Global flash manufacturing PMI, where August marked a five-month low and a reading above 53.2 would signal the factory slump is ending. Thursday, Costco (COST) reports. Strong numbers would confirm that August's solid retail sales were not a one-off, as higher rates start to bite.
Presented by Street Sheet Research
Elon Musk told the G20 this month that a billion humanoid robots will be working within a decade, each one out-producing five human workers. Musk also promised Mars colonists by 2025, and his old prediction of fully autonomous vehicles driving coast-to-coast by 2018 hasn’t yet happened, either.
Skeptics aside, the capital keeps moving. Bank of America (BAC) expects commercial mass adoption to start as early as 2028, and Morgan Stanley (MS) models a $5T humanoid industry carrying more than a billion robot workers by 2050. Here is what those headlines skip: One robot takes chips, batteries, actuators, motors, and heavy engineering. No single stock owns that chain.
We found one way to own the whole chain at once. The name is inside this week's report.
Backed by a 90-day money-back guarantee.
Distinctly American, that’s for sure.
After weeks of failing to calm the market, the Treasury has finally brought in a professional at taking punches.
Presented by Street Sheet Research
Most ways to play a world-changing technology ask you to pay up for companies that do not earn a dime yet. This one breaks that pattern.
Sane multiple: the holdings carry an average price-to-earnings ratio of 35, nowhere near the triple-digit multiples this theme usually demands.
Already profitable: almost without exception, the underlying companies earn money today.
Paid to wait: a 0.78% dividend yield puts cash in your pocket while the robot era arrives.
Built-in spread: machinery, semiconductors, automotive, electrical equipment, and metals all sit inside one holding, so no single supplier decides the outcome.
Global by design: most of the portfolio sits outside the US, closer to where the world actually builds this hardware.
One ticker, the entire robot supply chain. We name it inside.
90-day money-back guarantee. Cancel anytime.
