$Coinbase Global, Inc.(COIN)$ is riding to its all-time-high on the back of crypto bulls as cryptocurrencies outmarket the stock market after recovering from the crypto winter on the back of buying frenzies by the recently launched bitcoin spot ETFs and rising optimism form the bitcoin halving expected to take place sometime next month. With rising bitcoin price, it has since re-joined the trillion dollar club this year and its market cap has already exceeded that of Meta Platform, placing bitcoin just behind Microsoft, Apple, Nvidia, Amazon and Alphabet. I expect Coinbase to stay buoyant this month as the cryptocurrency exchange platform benefits from increased trading on cryptocurrencies and as its revenue rises with custody fees as it acts as the custodian for most of the bitcoin spot ETFs.
$NVIDIA Corp(NVDA)$ appears to be unstoppable, as its stock price continues to break resistances and gain new heights. With Apple weighed under macro headwinds from declining sales in China and Europe's Digital Markets Act enforcement, its second ranking position in the two-trillion dollar club is at risk of being overthrown by Nvidia if the momentum of the leading artificial intelligence chip maker persists. AI is poised to drive the next phase of semiconductor market growth and lift the broad semiconductor industry $Semiconductor Bull 3X Shares(SOXL)$ to recent heights with the prevailing strong AI chip demands.
$Palantir Technologies Inc.(PLTR)$ and $C3.ai, Inc.(AI)$ Bullish are also riding on the AI frenzy wave as companies rush to automate their operations and digitise their businesses. The duo stands to benefit from their enterprise-scale AI applications that are highly sought after for acceleration of digital transformations. I believe that the AI growth engines will propel these AI stocks to greater heights this year.
@MillionaireTiger @VideoLounge @CaptainTiger @TigerWire @TigerEvents @TigerStars
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