🚗 GM's AI Strategy vs. Tesla 📊 Stock Seasonal Trends 💸 AI Wealth Secrets Unveiled

General Motors Believes AI Can Help It Beat Tesla. — Barrons

Wednesday, GM announced a $60 million investment in Mitra Chem, a California-based start-up that uses artificial intelligence to research battery technology. “This is a strategic investment that will further help reinforce GM’s efforts in EV batteries, accelerate our work on affordable battery chemistries like LMFP and support our efforts to build a U.S.-focused battery supply chain,” said Gil Golan, vice president of technology acceleration.

Stock Market Seasonal Weakness: A Pause Before An End-Of-Year Run?

The S&P 500 peaked on July 31st and turned lower as we turned the calendar. It’s currently down -3.3% in August after rising for five consecutive months. Ryan points out that this weakness is showing up right on schedule. The orange line represents the average performance of the S&P 500 during years in which it gained +10% or more in the first half. Years that start strong tend to digest their gains in August through November before a year-end rally.

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