• Smart Cash
  • Performance
  • Log in
  • Get Started
ResearchThree Things (1/8)

Three Things (1/8)

Jan 8, 2024

“It isn't what we say or think that defines us, but what we do." — Jane Austen, Sense and Sensibility

Max issues

The FAA ordered a temporary grounding of hundreds of Boeing 737 Max 9 aircraft for inspections after a piece of the aircraft blew out in the middle of an Alaska Airlines flight. Images and video of the flight that were shared on social media showed a gaping hole on the side of the plane. United Airlines and Alaska Air are the two primary operators that make up the 171 total MAX-9 fleet globally. 

The plane was relatively new so the issue is certainly surprising and adds yet another concerning chapter to Boeing’s Max franchise. Boeing and Airbus function in the classic case study of duopolistic power – could the recurring deficiencies signal that the lack of competition is actually hurting the aircraft giant?

One click search

Perplexity AI, a startup going after Google’s dominant position in web search, raised $73.6 million in a funding round led by IVP with additional investments from Nvidia and Jeff Bezos. Sources familiar with the matter indicate that the round values Perplexity at $520 million post-money. Unlike traditional search engines, Perplexity offers a chatbot-like interface that allows users to ask questions in natural language and the platform’s AI responds with a summary containing source citations. As a matter of fact, the above was entirely written by Perplexity’s natural language model (citation provided here and here). Not bad. 

Bringing users to their desired answer in fewer clicks is an interesting value prop that has the potential to disrupt Google’s cash cow advertising business. The end state seems squarely in Google’s swim lane but it could be the classic innovator's dilemma - the business would have to sacrifice revenues in the short term to keep up with changing consumer preferences. Google has usually elected to lead with innovation but this is a new potential challenge to protect the company's competitive moat. 

Design M&A

Synopsys is in advanced talks to acquire Ansys for ~$35 billion in a stock and cash deal that could be one of the first major transactions of 2024. Ansys makes software that helps predict how products will or won’t work in the real world, operating in aerospace, healthcare and automotive industries, among others. Synopsys is discussing paying around $400 per share for Ansys, a premium to the $344.08 closing price on Friday.

The two companies have partnered in the past as Ansys’ technologies were integrated with some of Synopsys’ in 2017. A deal for Ansys would also give Synopsys certain solutions around simulation and analysis that it previously wasn’t able to offer at scale. It also prevents rival Cadence Design Systems from making a splash acquisition. Synopsys is paying a lofty premium so they must believe the synergies and competitive advantages are meaningful over the long-run.

As of writing, GOOGL is a holding in Titan's Flagship strategy.

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash


© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.