Rises and falls

Emerging from a crypto winter following the collapses and bankruptcies of multiple cryptocurrency platforms barely more than a year ago, cryptocurrencies are now coming back with bitcoin charging fast and furious past $60,000 this week, and approaching its all-time-high record set in late 2021, as the largest cryptocurrency by market capitalization is buoyed by market optimism spurred by the launches of several spot bitcoin exchange-traded funds that have enabled wider participation by retail investors and higher volumes in bitcoin trading. In fact, bitcoin has recently re-joined the trillion dollar club and its market cap of bitcoin is already surpassing that of Meta Platforms.

I expect that hopes of a pivot by the Fed to ease the prevailing restrictive monetary policies this year and the highly anticipated bitcoin halving in the coming April will continue to hold up bitcoin prices, and correspondingly push up the prices of $Coinbase Global, Inc.(COIN)$  , the largest cryptocurrency exchange listed in the United States.

$AMC Entertainment(AMC)$  's profits had fallen short of analysts' estimates when the largest theatre chain in the United States reported its previous quarter earnings results this week. The lifting of past measures to contain the COVID pandemic does not seem to have brought back huge crowds expected to AMC's theatre chain. Releases of blockbuster movies have done little to help too, as rising competition from the online movies streaming service providers like Netflix, Amazon and Disney have taken a toll on AMC, that has been struggling to stay competitive and remain relevant post pandemic, as the pandemic has changed forever the way many people would watch movies. AMC will have to quickly reinvent itself to adapt to the new normal or become obsolete.

Nvidia’s tailored-for-China H20 AI chips are now available for pre-orders. The strong earnings and rosy business outlook had propelled the stock of Nvidia and the broad semiconductor industry $Semiconductor Bull 3X Shares(SOXL)$  to recent heights, as artificial intelligence helps to drive the next phase of semiconductor market growth and reinforces that the earlier semiconductor market slump may have gone through its worst and is now on firmer footing for recovery. These returned optimisms have lifted the semiconductor sector that I believe will have more room to rise with the prevailing strong AI chip demands.

Besides the big tech, 2 other stocks in my watchlist which are poised to ride on the AI frenzy wave are $Palantir Technologies Inc.(PLTR)$  and $C3.ai, Inc.(AI)$  , which have been among the companies launching their AI software and services in the early days and are now reaping the fruits as AI demands materialize while businesses rush to build their enterprise-scale AI applications and accelerate digital transformations for their operations. While the share prices of the duo have advanced significantly since last year, I believe that the AI engine will propel the stocks to greater heights this year.

In fact, like Palantir three weeks ago, the share price of C3.ai jumped over 20% on Thursday after the company reported third-quarter results that surpassed analysts' revenue, free cash flow and EPS estimates. I'm hopeful that their strong momentums in earnings growth will continue as Palantir and C3.ai generate more demands for their AI products, and propel their stock prices to greater heights.

@MillionaireTiger @VideoLounge @CaptainTiger @TigerWire @TigerEvents @TigerStars