Call us petty, but we kind of enjoy when one Big Tech competitor razzes another. Case in point: Google, which recently put out an ad directly mocking Apple’s failure to deliver a better, AI-powered Siri for its iPhones. Yesterday, Google debuted its new Pixel 10 and showed off AI features Apple has long promised were “coming soon.” From early reviews, it seems its Gemini assistant is succeeding, though the real proof will come when the new smartphone hits the hands of actual consumers next week.

What was shaping up to be a repeat of Tuesday’s AI momentum wreck seemingly turned on a dime into another buy-the-dip moment. Though major indexes all retreated on the session, they turned around sharply shortly before 11 a.m. ET to finish well off their lows. In the end, the S&P 500 gave back 0.2%, the Nasdaq 100 underperformed with a 0.6% drop, and the Russell 2000 dipped 0.3%.

For years, there has been a simple way to convince investors that your company has promise, regardless of its actual business: just jam “AI” into its name.

Simple, yet effective, there is no better way to make sure everyone knows you’re in the AI business than literally putting it in your name, a tactic many US publicly traded companies have turned to to try to ensure their stocks get their fair share of any halo effect from the theme. 

But when there’s a nascent pullback in everything AI, that also means you stick out like a sore thumb.

SoundHound AI is at the bottom of the pack despite a dearth of company-specific news, and fell another 6.6% yesterday. 

Adding “AI” to your name could be a sincere way to bring the forefront of a company’s business to top of mind for investors, or it could more cynically be perceived as a cheap stunt to juice the stock. Whichever way you see it, one thing is now clear: it’s far from without risk. 

They may not be trading on the Nasdaq yet, but Pacaso just reserved the ticker “$PCSO.”¹ 

Created by a former Zillow exec who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry.²

They’ve generated $1B+ worth of luxury home transactions and service fees since inception across 2,000+ owners. That’s good for more than $100M in gross profit since 2021, including 41% YoY growth last year alone.³ 

No surprise the same firm that has backed large-cap S&P 500 companies already invested in Pacaso. What is unique is Pacaso is giving the opportunity to become an early shareholder to everyday investors, and 10,000+ people have already joined them.

And you can join them today for just $2.90/share.⁴ But don’t wait too long. Invest in Pacaso before the round ends September 18.⁵

Rental car giant Hertz announced it will begin selling some of its massive inventory of used vehicles on Amazon. The news sent shares of the used car company up 6 points, while it dinged stocks like Carvana and CarMax as investors came to grips with the idea that Amazon might be muscling in on their turf.

If Amazon continues to expand into the used car business, that may become even tougher.

The four most dangerous words for any company are: “Amazon likes your industry.” Even a cursory expansion to an existing business line — Amazon’s toe in the water in the auto world is the aptly named Amazon Autos, which has so far mostly been an arrangement with Hyundai — is enough to wreak havoc on an unsuspecting industry’s share prices. 

In 2021, no one at Xiaomi knew how to make cars. Going from smartphones to EVs isn’t exactly a logical or easy next step — just ask Apple, which gave up on its moon shot car project after a decade. But facing trade sanctions in its phone business, the company launched Xiaomi Auto and, less than four years later, predicts it will deliver 350,000 electric vehicles this fiscal year.

See how long it took Tesla and BYD to hit that milestone.

Re-grow your hair in as little as 3-6 months⁶ with doctor-trusted formulas through Hims.

No waiting rooms or prescription pick-ups. Answer a few simple questions and a board-licensed provider can determine which once-a-day formula is right for you: chewables, serum or Hims’ best-selling topical spray. 

Solve hair loss your way through Hims.⁷