$Tesla(TSLA.US)$ stock fell 5% as the electric vehicle (EV) maker launched another round of price cuts around the world.
Three models saw price cuts of up to $2,000. The company posted that, with federal tax credits, the cost of its best-selling Model Y sedan fell below $30,000.
Tesla also dropped the price of its Full Self-Driving (FSD) option by one-third, to levels last seen in 2020.
TSLA stock opened this morning at $140...

$S&P 500 Index(.SPX.US)$ climbs 0.9%, bouncing back from inflation concerns. $Nasdaq Composite Index(.IXIC.US)$ surges 1.7%, with tech stocks driving gains. $Dow Jones Industrial Average(.DJI.US)$ modestly up by 68 points or 0.2%.
Tech giants like $NVIDIA(NVDA.US)$ and $Apple(AAPL.US)$ lead with significant jumps. $Amazon(AMZN.US)$ and $Alphabet-C(GOOG.US)$ Alphabet also rally, boosting the tech sector.Apple enjoys its best day in 20...

$Trump Media & Technology(DJT.US)$ began trading under its new ticker on Tuesday, traditional media outlets could hardly understand the stock’s 50% rise. How could a loss-making firm in a cut-throat industry become worth almost $10 billion overnight?
Short sellers have also sensed blood. According to Fintel.io, a financial data provider, virtually all available DJT shares have been sold short. Borrowing fees currently stand at over 210%,...

IPO pricing and initial market reaction
$Reddit(RDDT.US)$ is a social media platform that hosts online communities and is very popular with younger users. In December 2023, 76 million users visited Reddit each day, on average. Reddit is most commonly known for a question-answer style communication flow and the company has more than 100k unique communities that users engage in. The social media company mostly makes its money from digital advertising that is placed on Red...

$Apple(AAPL.US)$Year-to-date in 2024, Apple's shares have accumulated a decline of roughly 10.5%, implying a drop in weighting in the S&P 500 to roughly 5.7%, a new low since June 2021. By comparison, at one point in mid-2023, that weighting was more than 7.7%.
Last Thursday, the U.S. Department of Justice chain of blows, accusing Apple of violating antitrust laws, Apple shares fell more than 4% that day, the worst single-day perform...

$Reddit(RDDT.US)$ $Tencent(TCEHY.US)$ $Microsoft(MSFT.US)$ $Meta Platforms(META.US)$
Advance Magazine Publishers, $2 billion
Advance Magazine Publishers, owned by the famed Newhouse family, owns Condé Nast, which bought Reddit in 2006 for $10 million. In addition to Reddit, Advance owns several local newspapers and websites and invested in Warner Bros. Discovery and Charter Communications. The company also acquired the company that runs the...

$Astera Labs(ALAB.US)$
Astera Labs' shares surge 46% on first trading day, opening at $55.17.
IPO raised $713 million, pricing shares above the elevated range.
The company now valued at over $8 billion, with a fully diluted value around $9 billion.
Fourth largest US IPO this year, showcasing strong investor interest in AI.
Led by $Morgan Stanley(MS.US)$ and $JPMorgan(JPM.US)$ , with participation from other major firms.
2023 revenue ...

$Apple(AAPL.US)$ is reportedly in TALKS with Google to integrate Google's 'Gemini' AI into future iPhone AI features, building on their existing search partnership.
The deal could bring $Alphabet-A(GOOGL.US)$ Gemini to billions of devices with iOS18 & beyond, expected by June.
Meanwhile, Apple is also reportedly exploring OpenAI's models for iOS 18 enhancements but aims to use its own AI for on-device operations.
Apple is develop...

$Reddit(RDDT.US)$
👉 Key Highlights:
📍 Reddit's IPO between four and five times oversubscribed.
📍 Company aims for a $6.5 billion valuation, with shares priced $31 to $34.
📍 IPO seeks to raise up to $748 million despite a reduced valuation from $10 billion in 2021.
📍 Reddit's user loyalty contrasted with historical financial losses and moderation challenges.
📍 Platform known for niche user interests and a role in the 2021 "meme-stock...

$Apple(AAPL.US)$
Bad For AAPL: Hurt By China And AI
About 54% of Apple’s revenues come from its core iPhone segment. While the product serves as an impressive case of strong demand and customer loyalty in the tech world, it also presents a problem of over-dependence by the Cupertino company on a single line of business.
The segment has been hurt lately by reduced demand in China, specifically. The country is a major market f...