The Rundown Amazon Working on AI Smartphone, Super Micro Founder Charged for Smuggling Nvidia Chips
Mar 20, 2026
Market moves and economic signals from FedEx set the scene. Amazon's plans for an AI-powered smartphone and Alexa integration make tech headlines. Super Micro faces legal turmoil over alleged NVIDIA server smuggling to China. Firefly Aerospace's strong launch and Tesla Semi adoption by truckers also grab attention.
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Why Gold Crashed Even As Geopolitics Heated Up
- Gold plunged despite war-driven inflation fears because central banks signaled rate cuts are unlikely.
- Zaid Admani explains higher interest rates make gold less attractive versus interest-bearing bonds, driving a >13% drop since January.
FedEx Earnings Signal Economy Is Holding Up
- FedEx beat revenue and earnings and raised guidance, signaling resilient consumer and business demand.
- CEO Raj Subramanian said early-March demand met expectations and fuel surcharges insulated margins from rising oil.
Be Skeptical Of AI Phones Without Clear Benefits
- Watch whether AI features truly improve core smartphone tasks before betting on AI-native hardware.
- Zaid suggests many functions (shopping, streaming) already work well on iPhones, so differentiation must be meaningful.