To The Moon

Long time love affair. Legendary investor, Stanley Druckenmiller recently majority stake of his $NVIDIA Corp(NVDA)$ stocks and made a killing, in the process. The former hedge fund manager first invested in Nvidia for his portfolio at his Duquesne Family Office since late 2022. Following OpenAI launch of ChatGPT (30 Nov 2022), Mr Druckenmiller added significantly to his position. In 2023, he continued building up his position almost every quarter, with stock and call options. By end 2023, Nvidia represented over 16% of his portfolio. (see above) Total investment was nearly $550 million in the artificial intelligence (AI) chip leader. His big bet continued to pay off from early 2024 as Nvidia stock climbed higher and higher. As the share price topp

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Technology stocks have rocketed over the past seven months, with the S&P 500 Technology Sector index surging +31%. Tech stalwarts like Google, Amazon, Microsoft, Meta Platforms and Nvidia have dominated the S&P 500’s ascent. It does not hurt that earnings for these companies have soared. Much of the increase in share prices stems from the market’s mania for all things artificial intelligence (AI). And above 5 tech titans are starting to enable, provide and utilize AI in a major way. For example, Microsoft and Google enable users to make inquiries to their AI platforms. Nvidia is the biggest maker of chips that enable AI technology. Economic experts are excited about AI, too. Mr Summer says. According to former US Treasury Secretary, Mr Larry Summers: “If one takes a view over t

Celebration time? Is the month of May 2024 really the start of the Bull run engine? From the desk of $Morgan Stanley(MS)$, Chief Investment Officer, Mike Wilson - it certainly looks so. In his Sun, 19 May 2024 notes to clients (high net worth I supposed): He is done (for now at least!) calling for US stocks to fall off a cliff. After having one of the lowest $S&P 500(.SPX)$ year-end targets for the past year, he officially changed his tune. Mr Wilson sees the S&P 500 hitting 5,400 level in the next 12 months, up from his previous forecast that the index would fall to 4,500. His newfound target reflects about +2% upside in the index over the next 12 months, despite valuations falling and earnings co

Mr CEO fallen on hard times? Living in Desperate Times? Is Tesla feeling the heat and getting desperate? Certainly, looks so from where I am. Don’t just take my words for it, apparently Reuters thought so too. (see below) Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value. Not to mention, its slow & expensive repairs service alienated their corporate customers. According to Reuters interviews with (a) 9 major leasing & rental-car executives and (b) about 12 corporate fleet managers. Tesla’s efforts included: Unofficial discounts on purchases of new cars if they are in stock. Efforts to address widespread service, repair and ordering complaints after years of ignorance. What Happened? In respons

$Faraday Future Intelligent Electric Inc.(FFIE)$   My Encounter. This is my personal recount of my encounter with the infamous EV stock Faraday Future Intelligent Electric Inc. If you have been reading my posts (regularly), you would’ve notice my few (critical) posts on this US luxury EV maker. In my last post on Faraday on 22 Apr 2024 - titled “FFIE: To Zero & Beyond and Plan B!“, I recounted my exasperation with this meme stock and the worst case scenario. Writing about it helped me to prep myself (“mentally”) for a possible chapter 11 filing by FFIE. FFIE - 22 April & Beyond. At that point of posting, things were not looking up for FFIE: - They “conveniently” skipped filing of their Form 10-K. - Stoc

$NVIDIA Corp(NVDA)$  I think it is plain to see that this week’s US market rally will hinge squarely on one stock - Nvidia, the current #1 semiconductor company in the world, due to its superior position in the Artificial Intelligence (AI) race. Nvidia is due to report its quarterly earnings (Q1 2025) on Wed, 22 May 2024 after market closing. Forecasts. (Market expectations): - Revenue: $22.9 billion. This would be an astounding +235% YoY. - Earnings per share: $5.15 per share. This would be a massive gain of +425% YoY. - These are heady numbers heading towards d-day, Wednesday. For FY 2025: - Revenue: $104.37 billion. This would be a +71.3% gain. - Earnings per share (EPS): $23.10 per share. A very very commendable

Over the past year, Mr Warren Buffett has increased $Berkshire Hathaway(BRK.B)$ cash, cash equivalents, and short-term investments in US treasury bills by $58 billion. When enquired why he sold $Apple(AAPL)$ shares, Mr Buffett seemed to slip up in his response, revealing his true thoughts on the US stock market. This is why reporter Jordan Sauer is bullish about iShares Short Treasury Bond ETF (SHV), that mirrors Buffett’s investment in short-term treasuries. (see below) At the recent Berkshire AGM, CNBC‘s Becky Quick had asked Mr Buffett why he’s been trimming his stake in Apple. Mr Buffett started by affirming that Apple is an even better business than $Coca-Cola(K

Week In Review. According to legend, Robert the Bruce, King of Scotland, was supposed to have told his troops this shortly before walloping the English at Bannockburn in 1314 — "If at first you don't succeed try, try and try again". That was exactly what Dow Jones (or its mastermind) did on Fri, 17 May 2024; when it failed on Thursday. The Dow finally cracked the 4,000 level and stayed there until market closed. (see below) Market Weekly Summary. DJIA: +1.04% (+412.31 TO 40,003.59). First time in history achievement and it’s the Dow 5th straight weekly gain, with an intraday high of 40,051.05. S&P 500: +1.34% (+70.19 to 5,303.27). Index achieved its longest winning streak since February 2024. Nasdaq: +1.74% (+285.66 to 16,685.97). Tech index’s longest winning streak since February as

Diminishing Interest. A new report from automotive research firm J.D. Power noted fading EV interest from US consumers. The survey of 8,179 consumers was conducted from January to April 2024. The data showed that for the first time since 2021 when J.D. Power began its Electric Vehicle Consideration Study, EV buying sentiment has dropped. (see below) The percentage of people who say they are ”very likely” to buy an EV is down -2% to 24%, compared to 26% last year. Those “overall likely” consumers have decreased by -3% to 58%, from 61% a year ago. Man Culprit. Main reason consumers are less excited about EVs is because there aren't enough charge points. Over half (52%) of people survey, cited this common concern. Topping it off, this “old” concern have risen by +3% from a year ago. Tesla