To The Moon

The Chinese technology sector has appeared to turn the corner with the regulatory crackdown behind it and supportive government policies being rolled out to put the economy on the right footing for recovery. Hence, a rebounce may be in sight for the Chinese EV sector. In fact, I believe the current stock prices of the Chinese tech stocks $MEITUAN-W(03690)$  , $NIO-SW(09866)$  , $XPENG-W(09868)$  , $LI AUTO-W(02015)$  and $XIAOMI-W(

Bitcoin price is attempting to regain its glory above $70,000 support this week after struggling to stay above $60,000 in the recent weeks, reminding its investors of the volatility of cryptocurrencies and weighing on the stock of crypto exchange $Coinbase Global, Inc.(COIN)$  . Nevertheless, Etherium may rejoice on optimism from spot ETF clearance for its launch in the coming months. While Coinbase stock price has retreated from its recent height in March, I expect Coinbase to recover its recent lost ground as trading enthusiasm builds with rising cryptocurrency prices. $NVIDIA Corp(NVDA)$  had rallied this week on its latest earnings bea

I expect China to react tit-for-tat to the US' latest tariffs on electric vehicles, and $Tesla Motors(TSLA)$   may be caught in the crossfire, as the leading EV maker struggles to overcome slowing demands and disappointing business outlook and counts China as a major market. Likewise, there's also a concentration risk with $Rivian Automotive, Inc.(RIVN)$  's narrow customer base, as the EV maker is heavily dependent on its investor and sponsor Amazon which unfortunately has fallen short of its orders and failed to live up to its commitment to electrify its delivery fleet. The EV startup has so far not yet been able to gener

$AMC Entertainment(AMC)$   and $Faraday Future Intelligent Electric Inc.(FFIE)$   have been in the spotlight lately, as their stocks had risen to the moon despite absence of news and lack of fundamental improvements that would justify the rally Their spectacular rises in these couple of weeks are suspected to be the work of the meme community, whose collective actions in short-squeezing the stocks have sent short-sellers fleeing for covers. The trading frenzy in the meme stocks that has been reignited appears to be unfazed in the near term, as traders liquidate their short positions to avoid falling into traps by the bullish

$LI AUTO-W(02015)$   and $XPENG-W(09868)$  are expected to post their latest quarterly earnings on 20 May and 21 May respectively. With encouraging economic data coming out from China lately, a EV demand recovery may be in sight and that may help to improve the outlook by the EV makers that include $NIO-SW(09866)$  and the latest entry $XIAOMI-W(01810)$  as well. The Chinese EV makers are adept in containing their costs and have also been turning their eyes on overseas market

$Coinbase Global, Inc.(COIN)$  has just seen better days this week compared with recent weeks as cryptocurrencies advanced on prospects of cooling inflation and renewed expectations that interest rate cut commencing this year. Coinbase stands to benefit from recovery in the cryptocurrency market, as investors and traders return to the market and give rise to increased trading volume, that is also helped by massive buying powers of the recently launched spot-priced bitcoin ETFs that Coinbase also serve as the custodians for many of them. As the market awaits the quarter-one earnings results due from Nvidia on 22 May, a positive announcement is likely to have spillover effects on other big tech AI plays including

The Chinese EV trio $NIO Inc.(NIO)$  , $XPeng Inc.(XPEV)$  and $Li Auto(LI)$  are likely to be weighed down by the heavy tariffs just announced by US on Chinese EV imports. The woes are not helped by a patchy economic recovery in China that has led to softening domestic demands for new EV. Prevailing price war among the EV makers is also not helping either, as that has led to worsening margin erosion, weighing on the stock prices of the trio. Adding to their sorrows is a growing number of conventional car makers jumping onto the EV bandwagon, resulting in an E

$AMC Entertainment(AMC)$   and $Faraday Future Intelligent Electric Inc.(FFIE)$   enjoyed spectacular meme fanfare this week, as presumably short-squeeze by the meme community sent their stocks rallying to heights not seen in months despite lack of improvements in fundamentals that would justify the rally. The trading frenzy in the meme stocks that has been reignited appear to be unfazed in the near term, as shortists liquidate their short positions and stay away lest they get trapped by the bullish runs. As much as I believe that the recent run-ups are unjustified and driven by greed, given the deteriorating fundamentals of

$NVIDIA Corp(NVDA)$   will be announcing on 22 May its latest quarterly earnings that is much awaited by the stock market, as the semiconductor chip maker has become the bellwether for the artificial intelligence market. Nvidia produces the world's most powerful graphics processing units, which developers use to build, train and deploy their AI models. I believe that the industry is in an early stage of AI adoption when companies are testing their AI products and services. Nvidia is currently the leader in the AI chips industry with an 84% market share and will have a long runway for further growth as AI adoption grows over time. While $Advanced Micro Devices(AMD)$&nbs

$Faraday Future Intelligent Electric Inc.(FFIE)$  stock price has skyrocketed to the moon this week, even as the electric vehicle maker continues to struggle under deteriorating fundamentals with worsening balance sheet and slowing demands. With no apparent news thaat would justify the rally, it appears to be another round of short-squeezing by the meme community to make quick bucks on the counter. However, I believe that the rallies will be short-lived, and the downward spiral will resume once the fundamentalists regain command.