| Gaming Stock Set to See Major Boost from Top Chipmaker Endorsement |
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| Hello and welcome to the Tech Stock Insider, the twice-weekly newsletter covering the biggest opportunities in the tech world. | Today, we'll look into the latest tech news, highlight some recent movers, and investigate an under-the-radar tech stock with potential. |
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| StartEngine's $30M Surge — Own a Piece Before June 26 | | Private markets are having a moment, thanks to companies like StartEngine. | The leading alternative investing platform is helping everyday investors like you access deals once reserved for VCs and insiders, including exposure to private market titans like OpenAI, Databricks, and Perplexity.¹ | How's it going? In Q1 2025, StartEngine pulled off $30M in revenue, its biggest quarter ever (based on unaudited financials).² | But StartEngine isn't just a middleman. The company earns 20% carried interest on select pre-IPO offerings, unlocking value for shareholders when these deals succeed.³ | How can you tap into this diversification play? By investing in StartEngine. | StartEngine has crowdfunded $85M+ to date, and you can join 45K+ shareholders before the company's current round closes on June 26. | Invest in StartEngine | Reg A+ via StartEngine Crowdfunding, Inc. No BD/intermediary involved. Investment is speculative, illiquid & high risk. See OC and Risks on page. | | AI Infrastructure | Broadcom Breaks AI Barriers With the World's Fastest Networking Chip | | Broadcom (NASDAQ: AVGO) has launched the Tomahawk 6, a data center networking chip capable of delivering 102.4 terabits per second of Ethernet switching capacity. This sets a new industry benchmark, doubling the bandwidth of any current Ethernet switch and directly targeting the communication needs of modern AI infrastructure. | The chip is designed for hyperscale data centers that manage increasingly complex workloads and interconnect tens of thousands of GPUs. Broadcom says it can support topologies scaling to over a million GPUs, addressing a growing challenge in AI training and inference: communication lag across massive compute clusters. | Beyond raw bandwidth, Tomahawk 6 is engineered for power efficiency, helping operators manage rising energy demands while maintaining speed and reliability. This becomes critical as data centers strive for tighter operational margins and environmental sustainability. | Broadcom is positioning the chip not just for AI training clusters but also for high-performance computing (HPC) setups and large-scale cloud environments where internal data movement is a bottleneck. | Rather than focusing solely on computing horsepower, the industry is increasingly recognizing that network architecture is a limiting factor. Broadcom's latest move signals that solving infrastructure friction is just as important as chip speed when it comes to scaling AI. | The company expects deployments across Tier 1 cloud providers and AI-specialized firms in the near term. |
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| | Mobile Apps | Mobile Game Changer: Adobe Photoshop Arrives on Android | | Adobe (NASDAQ: ADBE) is expanding its reach with the launch of a dedicated Photoshop app for Android. The move brings powerful AI image editing tools, including Generative Fill and Generative Expand, to mobile users for the first time, completely free during the beta period. | Android users with devices running Android 11 or later and at least 6GB of RAM can now access many of the same Photoshop features previously limited to desktops. These include advanced selection tools, layers, masks, and even the viral AI-powered functions that allow users to add or remove objects from images with photorealistic precision. | For Adobe, this isn't just about app access. It's a strategic bet on mobile-first content creators and AI-driven workflows. By lowering the entry barrier to its core software, the company is effectively establishing a presence across the creative pipeline—desktop, web, and now mobile. | The Android expansion also helps Adobe compete directly with lightweight, AI-enhanced design tools that have grown popular among younger users and social-first designers. | Mobile editing is no longer a niche use case; it has become a mainstream approach. With this release, Adobe signals that serious creative work can now start and finish on a smartphone. It also opens the door to onboarding a wider, more casual audience into Adobe's long-term ecosystem. | Photoshop Mobile is available now on the Google Play Store for free. iOS availability rolled out earlier this year. |
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| | | | Fintech | PayPal Drops Google Wallet in the U.S. as Digital Payment Rivalries Heat Up | | PayPal (NASDAQ: PYPL) will discontinue its U.S. integration with Google Wallet on June 13, effectively ending users' ability to make payments via linked PayPal accounts. New links have already been disabled since April. | Google confirmed the move on its support page, stating that existing PayPal accounts will be automatically unlinked. Users with PayPal-branded debit Mastercards will remain unaffected. The change impacts only the U.S., with Germany continuing to support PayPal integration. | For PayPal, dropping integration with Google Wallet may reflect a shift toward building direct consumer relationships and reinforcing its own mobile wallet ecosystem, especially as it expands contactless payment features globally. | Reducing reliance on external integrations could streamline customer data control and pave the way for deeper AI and personalization inside the native PayPal app. | Google Wallet has steadily grown its bank partnerships and now supports a wide range of payment methods. That reduces the need for external wallet connectors, such as PayPal. But the removal still creates friction for U.S. users who relied on the convenience of dual-platform access. | The change shows how big payment companies like PayPal and Google are starting to go their own separate ways instead of working together. As more people use phones to pay, each company wants users to stick to their own apps and services. |
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| | Recent Tech Movers | Meta (NASDAQ: META) is making major waves this week on the heels of two significant news items - first, the company announced plans to fully automate their primary revenue driver (ad sales) via AI, letting clients design, target, and deploy advertising campaigns autonomously. And, to drive their increased compute demand, Meta announced a 20-year deal with Constellation Energy (NASDAQ: CEG) for nuclear power, putting yet more wind in the reinvigorated energy sector's sails. | Nintendo (OTCMKTS: NTDOY, OTCMKTS: NTDOF) is set to see major tailwinds after an unusual endorsement. Nvidia (NASDAQ: NVDA) CEO Jensen Huang boosted the company's newest Switch 2 offering and revealed that the handheld console is powered by his company's chips, calling it "unlike anything we've built before" with a range of first-time tech breakthroughs baked in. | Snowflake (NYSE: SNOW) is the latest major tech player grabbing smaller data firms for big bucks - remember Salesforce's (NYSE: CRM) Informatica purchase last week - after announcing a $250 million buyout of startup Crunchy Data. As with Salesforce, Snowflake plans to leverage Crunchy Data's tech stack to help deliver agentic AI to clients and customers. | | | | Don't Overlook This Tech Stock | Mitek Systems (NASDAQ:MITK) helps businesses manage identity verification processes through biometrics and AI-based visual processes; its portfolio also includes mobile check deposit verification to prevent fraud. In other words, its suite of services is all the more important today as deepfakes, fraudsters and all-around bad actors try to subvert systems for pleasure and profit. | Industry experts recognize Mitek's strength among AI and cybersecurity stocks, scoring top marks in an anonymized Department of Homeland Security panel slate designed to test platforms centered around active and passive visual ID techniques. Mitek and competitor platforms were assessed on impostor pass rate (MITK's passive systems blocked all impostors), accuracy rates, speed, and potential for bias. | Though not yet wildly profitable, Mitek is nevertheless a solid performer after NASDAQ threatened delisting in 2023. Its most recent earnings report for Q2, 2025 included record revenue and profitability, posting an 11% year-over-year sales increase to $51.9 million and a $0.36 EPS (non-GAAP). | | Everything Else | Speedata, a tiny chipmaking startup, raised $44 million in a Series B round as the upstart seeks to disrupt Nvidia's industry dominance. Klarna is breaking through its buy-now/pay-later bubble after announcing plans to expand its scope into more traditional banking services ahead of its anticipated (as of yet undated) IPO. Kuwait's sovereign wealth fund is the latest big-money AI investor after inking a $30 billion deal with Microsoft to fund global tech infrastructure development. Elon Musk drama isn't impacting his ability to raise substantial cash after Neuralink received a $650 million fresh capital infusion. Morgan Stanley is leading the charge in digital transformation as it leverages bespoke AI models to update outdated and legacy software systems.
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| | That's our coverage for today; thanks for reading! Reply to this email with feedback or any tech stocks you want me to check out. | Best Regards,
—Noah Zelvis
Tech Stock Insider |
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