$VinFast Auto(VFS.US$ has seen a surge of 90.23% in May. Amidst the meme stock frenzy, the Vietnamese automaker experienced a jump of over 50% in its stock value on May 13th, at a time when VinFast's short interest stood at 15%.
Earlier this year, VinFast unveiled its low-cost electric SUV, the VF 3, at the Consumer Electronics Show in Las Vegas. Despite the fact that the company did not start accepting orders until May, there was alrea...
Earlier this year, VinFast unveiled its low-cost electric SUV, the VF 3, at the Consumer Electronics Show in Las Vegas. Despite the fact that the company did not start accepting orders until May, there was alrea...
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The new paradigm which Nvidia created has been carrying the markets and bullish portfolios for quite some time now. A spider web of companies serving a completely new accelerated computing environment. Nvidia created this over the span of 1 decade.
Check out the Nvidia AI spider web:
Semiconductors
As can be seen from the chart above, aside from $NVIDIA(NVDA.US$'s surge of over 130% this year, $Taiwan Semiconductor(TSM.US$, ...
Check out the Nvidia AI spider web:
Semiconductors
As can be seen from the chart above, aside from $NVIDIA(NVDA.US$'s surge of over 130% this year, $Taiwan Semiconductor(TSM.US$, ...
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First Solar has surpassed China's Sungrow to become the world's largest photovoltaic manufacturer by market value, marking the first time since 2018 that a U.S. manufacturer has reached the peak of market value. Reports from UBS and Goldman Sachs have previously stated that First Solar is "an overlooked direct beneficiary" of electricity demand growth. First Solar's unique technology is particularly suited to the...
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Nvidia delighted investors when it announced a 10-for-1 stock split last week. The move may be the start of a trend, as several prominent tech companies trade at prices high enough to tip the scales toward similar splits, according to a note from Bank of America.
The bank highlights 36 S&P 500 companies with stock prices above $500, a level suggesting they may be candidates for splits. $Broadcom(AVGO.US$, $Super Micro Computer(SMCI.US$ , ...
The bank highlights 36 S&P 500 companies with stock prices above $500, a level suggesting they may be candidates for splits. $Broadcom(AVGO.US$, $Super Micro Computer(SMCI.US$ , ...
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On this Monday, the London Metal Exchange witnessed a significant surge in benchmark copper prices, reaching an unprecedented nominal peak above the $11,000/t mark. This milestone eclipsed the previous high of $10,850, recorded in 2022.
However, the market saw a dramatic reversal on Wednesday, with prices plummeting 4.3% to $10,396/t—marking the steepest single-day drop since July 2022. Despite this midweek slump, copper prices have maintain...
However, the market saw a dramatic reversal on Wednesday, with prices plummeting 4.3% to $10,396/t—marking the steepest single-day drop since July 2022. Despite this midweek slump, copper prices have maintain...
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The Fed's meeting minutes and recent comments from Goldman Sachs CEO both indicate that the possibility of a rate cut is declining. Current inflation is still far from the Fed's target, as the latest house price data shows that the road to fighting residential inflation is getting increasingly difficult.
■ Federal Reserve minutes indicate a hesitation to proceed with rate cuts.
The minutes of...
■ Federal Reserve minutes indicate a hesitation to proceed with rate cuts.
The minutes of...
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Hedge fund managers are adjusting their sails in the stock market, redirecting investments from mega-cap technology firms to a diverse array of companies poised to benefit from the artificial intelligence (AI) revolution, a new report from $Goldman Sachs(GS.US$ reveals.
An analysis of 707 hedge funds, with a mighty $2.7 trillion in equity positions, has highlighted a strategic shift in their stock holdings in 2024 Q1. Thes...
An analysis of 707 hedge funds, with a mighty $2.7 trillion in equity positions, has highlighted a strategic shift in their stock holdings in 2024 Q1. Thes...
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Since the approval of Bitcoin spot ETFs earlier this year, investor interest in Bitcoin has surged during the cryptocurrency rally. Traditional financial institutions are eager to participate in this burgeoning market. Beyond the widely embraced Bitcoin spot ETFs, the prospect of facilitating direct Bitcoin transactions is also being considered. Reports indicate that the Chicago Mercantile Exchange (CME) intends to...
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Chinese e-commerce giant $PDD Holdings(PDD.US$ is set to release its first quarter 2024 financial result on May 22. PDD’s stock has gained 25% over the past months.
● The company is projected to achieve a revenue of 76.56 billion CNY, representing a year-over-year increase of 103.42%.
● Earnings per share are expected to be 10.41 CNY, up 87.61% from the year-ago quarter.
E-Commerce Push for Growth
E-commerce firms, including...
● The company is projected to achieve a revenue of 76.56 billion CNY, representing a year-over-year increase of 103.42%.
● Earnings per share are expected to be 10.41 CNY, up 87.61% from the year-ago quarter.
E-Commerce Push for Growth
E-commerce firms, including...
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On Wednesday, all three major averages closed at new records as inflation data came in lower than expected. The $Dow Jones Industrial Average(.DJI.US$ rose 350 points, representing a gain of 0.88%, while the $S&P 500 Index(.SPX.US$ climbed 1.17%, closing above 5,300 for the first time. The tech-heavy $Nasdaq Composite Index(.IXIC.US$ also posted gains, ending the session 1.40% higher.
What's behind the recent uptrend?
The lat...
What's behind the recent uptrend?
The lat...
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