🖥️ Are PC Sales Set To Take Off?

Good morning. US stock futures traded lower in Tuesday morning trading as investors await the release of key inflation data.

🖥️ PCs return to growth after two-year fall off

📝 Our report: PCs are back in vogue, folks! After a couple of years in the 'decline and whine' zone, the latest scoop from the market research gurus at the International Data Corporation (IDC) suggests that personal computers might be making a comeback!

 🔑 Key points:

• The PC market grew 1.5% from a year earlier, with 59.8 million shipments in the first quarter, and returned to pre-pandemic levels with the onset of a refresh cycle for PCs that were purchased during the pandemic, IDC’s report said.

• The availability of AI-capable PCs is expected to bolster demand for the devices, helping the market rebound from a lull in orders after the pandemic-driven buying spree.

• China's Lenovo Group topped the list, with 23% market share, followed by HP Inc and Dell Technologies attaining market share of about 20% and 15.5%, respectively. Apple saw a 14.6% rise in shipments in the quarter and had a market share of 8.1%

💡 So what: A rebound in the sale of personal computers signals renewed consumer and business confidence in the tech market. It may indicate increased demand for computing devices for remote work, distance learning, and entertainment purposes. Additionally, it could reflect innovations in PC technology and a shift in consumer preferences towards more versatile computing options.

Tuesday - NFIB Optimism Index

Wednesday - Consumer Price Index, Chicago Fed President Austan Goolsbee Speaks, Minutes of Fed's March FOMC Meeting

Thursday - Boston Fed President Susan Collins Speaks

Friday - Consumer Sentiment

📈 Here are 6 timeless investing lessons from Joel Greenblatt

💰 5 budgeting mistakes you can remedy immediately!

💸 Small business optimism hits 12-year low

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🏦 Yellen proposes Chinese bank sanctions if found supporting Russian war machine

WHAT: US Treasury Secretary Janet Yellen is giving China a friendly warning: don't you dare try to be Putin's banking buddy. Yellen said the United States is prepared to sanction Chinese banks and companies, as well as Beijing’s leadership, if they aid Russia’s military in its invasion of Ukraine.

WHY: US President Joe Biden issued a new executive order in December that vested the Treasury secretary with the authority to sanction financial institutions that aided Russia’s military-industrial complex.

🤖 Samsung to get billions in subsidies for US chip expansion

WHAT: The Biden administration is gearing up to shower Samsung with about $6 to $7 billion to supercharge its chip output in Taylor, Texas. The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go towards construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center, according to sources close to the matter.

WHY: The announcement caps off a string of major Chips and Science grants in quick succession as the U.S. seeks to expand domestic chip production and lure away capital that might have been used to build plants in China and the region.

🦾 Microsoft plans AI hub for major European city

WHAT: Microsoft is cooking up some AI magic across the pond with a fresh hub in London! The company said in a statement that the unit will be led by Mustafa Suleyman, the London-born cofounder of Google DeepMind, who Microsoft hired last month.

WHY: While it remains unclear how many jobs the new centre will create, the announcement builds on Microsoft's recent commitment to invest 2.5 billion pounds ($3.16 billion) into data centre infrastructure and improving AI skills across Britain.

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