As we approach the final two weeks of this year's trading, bid farewell to 2023 and look forward to a prosperous 2024, hopefully the tech bull run will complete the last 2 laps of 2023 and continue its relentless charge in 2024!
This has so far been an eventful year for $Sea Ltd(SE)$ as it revamps itself to regain its past glory amidst rising competition not least from the latest partnership between TikTok Shop and Tokopedia in Indonesia, challenging Sea's leadership position in the largest market in Southeast Asia. Nevertheless, the CEO has announced his confidence that Sea will post its first profitable year since its listing on NYSE. Hopefully, the company's pivot to focus on profitability will pay off and reward its shareholders.
Its Chinese peers $Alibaba(BABA)$ and $JD.com(JD)$ Bullishhave not been sitting idle either, and have proven to be resilient amidst past curbs in their domestic market and brewing storm in the horizon, as they reinvent their business practices to conform with regulatory requirements. The Chinese e-commerce market has remained vibrant and hopefully this will re-charge Alibaba and JD.com for renewed growth in 2024.
2023 is no doubt a year for artificial intelligence, and $NVIDIA Corp(NVDA)$ that has introduced the hype on AI has become the bellwether for the AI industry, with its semiconductor chips driving the majority of the AI engines. I believe that AI demands will continue to be strong and grow from strength to strength next year, sending Nvidia stock price to greater heights.
Last but not the least, $Amazon.com(AMZN)$ has been slowly but surely recovering lost ground with its stock price rising close to 80% so far this year, as its cloud business continues to bring home the bacon despite fierce competition and remains steady as the market leader. Meanwhile, Amazon also holds the helm on e-commerce and hopefully its e-commerce business will improve on profitability and help Amazon to return to its past glory.
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