Weekly Buzz: Going beyond the AI hype
Spoiler:
Happy Monday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Make Your Choices
Buzzing Stocks List & Mooers Comments
U.S. equity markets were mixed this week as the latest labor market data suggested a slowdown in the pace of hiring and job availability. For the week, the Dow rose 0.6%, while the S&P 500 and Nasdaq fell 0.1% and 1.1%, respectively. The yield on the 10-year U.S. Treasury note fell below 3.3%—its lowest level since September—while the spread between the 10-year note and three-month bill recorded its deepest inversion yet. Oil prices surged after OPEC+ officials agreed to cut production by an additional 1.66 million barrels, bringing total cuts since November to 3.66 million barrels. The price of WTI crude—the U.S. benchmark—rose above $80 per barrel for the first time in a month. (As of Apr 10, 2023)
*Note: All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations.
This list is provided for informational purposes only and is not investment advice or a recommendation of any security or investment strategy. You should not buy or sell any security on this list without first determining if it's appropriate for your portfolio or strategy by taking into account your financial situations and personal objectives. The past performance does not guarantee future results. This list only includes stocks.
Anyway, let's dive into the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla Inc. will build a large new battery factory in Shanghai, further cementing China’s place at the top of the global energy storage supply chain. The Megapack is intended as a massive battery to help stabilize energy grids, with the company saying each unit can store enough energy to power an average of 3,600 homes for one hour. The new factory will initially produce 10,000 Megapacks every year, equal to around 40 gigawatt-hours of energy storage, and the products will be sold worldwide. Its stock price declined 10.8% last week. (As of Apr 10, 2023)
@Meltyy
Elon Musk's younger brother nets $17M after dumping Tesla shares
Elon Musk's younger brother nets $17M after dumping Tesla shares
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
The meme stock fell 2.2% last week. Shares tumbled after the entertainment company announced a settlement with some shareholders. The deal would allow the company to raise capital and convert preferred shares into common stock. But a U.S. court denied AMC’s request for a quicker conversion of the claims. (As of Apr 10, 2023)
@yeftern
Recent price action be like
Recent price action be like
3. BBBY - Buzzing Stars: ⭐⭐⭐⭐
Bed Bath & Beyond saw a lot of movement last week, with a 27.66% decline. It wants shareholders to approve a reverse stock split at an upcoming special meeting, as the retailer keeps working to avoid filing for bankruptcy, according to a securities filing last Wednesday. (As of Apr 10, 2023)
4. FRC - Buzzing Stars:⭐⭐⭐⭐
First Republic Bank said in a regulatory filing that it will suspend payments of quarterly cash dividends on its preferred stock "as a measure of prudent oversight." Last month, the bank suspended its dividend on common stock after the collapse of Silicon Valley Bank. FRC's stock price was primarily flat last week, with only a 0.29% increase. (As of Apr 10, 2023)
@efficentupup
March’s banking chaos gave short sellers their biggest profits since the financial crisis
March’s banking chaos gave short sellers their biggest profits since the financial crisis
5. NVDA - Buzzing Stars: ⭐⭐⭐
Google published details about one of its artificial intelligence supercomputers last Wednesday, saying it is faster and more efficient than competing Nvidia systems, as power-hungry machine learning models remain one of the hottest parts of the tech industry. Shares of the chipmaker slid 2.66% last week. (As of Apr 10, 2023)
6. MULN - Buzzing Stars:⭐⭐⭐
Mullen Automotive announced integration of solid-state polymer battery technology into Mullen’s commercial Class 1 EV cargo van program. Currently, the Mullen Class 1 EV cargo van features a 46-killowatt lithium-ion battery pack with a 110-mile range. It is expected that the solid-state polymer technology will deliver more than 200 miles of range on a full charge for the Mullen Class 1 EV cargo van. Its shares declined 22.62%. (As of Apr 10, 2023)
7. NIO - Buzzing Stars:⭐⭐⭐
Investors reacted with disappointment after Nio reported its March and first-quarter deliveries. Its shares fell 14.27%. The company hit the low end of its estimate with quarterly shipments of 31,041 EVs. That was up more than 20% year over year, but down sequentially from the more than 40,000 vehicles delivered in the fourth quarter. (As of Apr 10, 2023)
8. AAPL - Buzzing Stars:⭐⭐⭐
Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory. Its stock price was largely stable last week, with only a 0.15% decline. (As of Apr 10, 2023)
@MHfin
The Top 10 NASDAQ 100 stocks in 2023 accounts for 88% of gains
The Top 10 NASDAQ 100 stocks in 2023 accounts for 88% of gains
9. AI - Buzzing Stars:⭐⭐⭐
C3.ai, the buzzy artificial intelligence stock that has soared amid the ChatGPT hype, plummeted 31.96% last week after short-seller Kerrisdale Capital released a letter accusing the company of serious accounting issues. The letter accused the AI firm of various "fraudulent accounting conventions," pointing to details such as "opaque, indecipherable language" in the company's financial filings, and high turnover within the company's chief financial officer position. (As of Apr 3, 2023)
10. BABA - Buzzing Stars:⭐⭐
Alibaba Group Holding is the latest Chinese Big Tech firm to unveil its anticipated answer to ChatGPT, as the race to produce a home-grown rival to the hit chatbot from Microsoft-backed OpenAI continues to draw resources and widespread attention. BABA's shares traded largely unchanged last week, with only a 0.55% increase. (As of Apr 10, 2023)
Thanks for reading! ![]()
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Weekly Topic
Comment below and share your ideas!
We will select 15 TOP COMMENTS by next Monday.
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*Comments within this week will be counted.
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Mcsnacks H Tupack : Meme stocks are being used by short sellers and companies that are either bankrupt or a "shell" company that only exists on promises and paperwork. These people target retail investors who have been bullied or made to feel less than others and fook them into believing by investing in their companies that it will be fighting against the same ones who have been belittling them their whole lives. And the retail investors are able to identify with these loser stocks and won't give up on them because that's what people did to them. So the investors get drug down and hold onto the shares even tho the companies have many many offerings and reverse splits until they have lost too much to give up because they are in so deep.
AkLi : C3 is the best hahaha @Ripper1986
RIPPER AkLi: I don’t like to categorize GME as a meme stock…..
GME is a honeypot, play it smart and it will make you $.
It’s safe to say, I am currently well off ….. because of… GME.
Never could I have said that before
102095561 : nio also meme stock burning cash like no tomorrow .shortist target n make money from it .many bag holder
noglyph : Meme stocks have gained a lot of attention in recent years, but their popularity could be risky for investors. Although they may produce short-term gains, meme stocks may not have the staying power of other investments, and there is no guarantee of long-term success. Furthermore, the market for these stocks can be unpredictable and subject to rapid changes. Investors should do their research and make an informed decision before investing.
kareem8 : i don’t understand why everyone’s complaining about short sellers on all these stocks. if you know they’re the ones making money, then simply do the same; anyone can short and anyone can learn
Biden2024 : It’s disappointing that Moomoo keeps generating publicity for meme stocks. More and more financially illiterate people put money into these stocks thinking their $200 worth of shares is somehow going to turn into millions of dollars, and because of that, their portfolios have seen nothing but red.
disassembly line Biden2024: i cant for the life of me understand why people who dont know each other are /this/ invested in other peoples money and supposed financial literacy (knowing damn well most people can barely formulate a sentence, far surpassing financial literacy itself). in fact, when 99% of people see “financial literacy”, they think of daddys money. literacy. lol
Pacoy : this feature is so helpful
CY Loke : I think it's a trend. After all, the development of technology will lead to economic growth. However, since artificial intelligence has so many uncertainties and instability, continuous improvements are needed in the short term. After all, in the case of improvements and many uncertainties, there are lots of variables.
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