EV demand is probably undergoing a J-Curve effect currently. Surging demand for clean, cheap EVs across the rest of this decade will completely change the global auto industry. By 2035, IEA projects 50% of all cars sold globally will be EVs, cutting oil demand between 6-10 million barrels per day, equivalent to the current amount used for road transportation in the U.S. The price differential between EVs and internal combustion engines running on fossil fuels has narrowed so fast that upfront sales prices are barely different. With cheap electricity displacing expensive oil costs, drivers can save big by driving electric. Let's look into a few leaders in EV industry today. TESLA  Tesla is preparing to register its 'Full Self-Driving' software with authorities in China in the run up to

The production value of Taiwan's semiconductor sector is expected to hit a new high in 2024, up more than 17 percent from a year earlier, due to global demand driven up by artificial intelligence development. AI development extending to end user devices from cloud-based services, international brands' efforts to unveil gadgets, such as AI PCs and AI phones, are expected to boost demand for semiconductors. NVIDIA Nvidia's market cap had risen threefold to more than 1.2 trillion USD since the start of 2023, to notch the biggest short-term valuation jump in the history of capital markets, a rampage that drove its P/E multiple, based on the past four quarters of GAAP earnings, to well over 100. Nvidia's valuation is ridiculous. It's facing the same curse as Tesla. But when Tesla got profitable

As climate change continues to accelerate and its devastating impacts increase, we must act now to reduce our carbon emissions. Since the transport sector contributes to global emissions, transitioning to electric vehicles (EVs) may significantly aid countries in achieving their net-zero goals. While much attention is given to the consumer market, the role of commercial vehicles, and specifically large-scale fleets, is crucial.  The electric vehicle revolution is gaining momentum thanks to various factors such as cost reduction, technological advancements and government support.  TESLA  Over the past 18 months, Tesla has missed its sales goals and seen its share price fall, as Chief Executive Officer Elon Musk makes dramatic decisions about the company's future. Musk cut the

After a seven-month investigation into subsidies in China's EV sector, the EU announced last week that it would raise tariffs on Chinese EVs by up to 38 per cent from July 4. Chinese car firms have asked Beijing to take the most stringent measures against the European Union after the bloc raised import tariffs on its electric vehicles. NIO Nio founder, chairman, and CEO William Li expressed his opposition to the additional tariffs imposed by the European Union on Chinese electric vehicles (EVs), while noting that even so, the company's upcoming models under its third brand, codenamed Firefly, will still be competitive in Europe. NIO daily chart  What a wasted rebound for NIO share price since earlier May, all being erased during the past weeks due to the release of disappointing earni

Simply amazing earnings result by $NVIDIA Corp(NVDA)$   again!  Nvidia The whole world's hopes, Nvidia has once again showed its power. NVIDIA announced its FY2024Q1 (February-April) results after the U.S. stock market closed last night, and its revenue and profits continued to grow! 📈🤩 🔹Turnover 26.04B - 6 consecutive quarters of QoQ growth 🔹Profit 14.88B - 7 consecutive quarters of QoQ growth 🔸GPM 78.4% - a new high 🔸Net Margin 57.1% - a new high Nvidia Income Statement in detail In the premarket after its earnings, it soared to historically high prices. In addition, it announced a 10-for-1 stock split, a 150% increase in dividends, an annual revenue increase of 262%, and an annual earnings per share incre

Bitcoin plummeted!  Bitcoin 4h chart As we can see, Bitcoin unables to hold the support at 59000 and the price collapsed today. What a start for the first trading day of May. It seems that everyone is going to have a hard time this May. Sell in May and go away is proven again? Currently, it feels like the market is not optimistic about the outcome of tonight's Federal Reserve interest rate meeting. Maybe the chairman will say there is a possibility of further interest rate hikes, which will be very unfavourable to the market and US indexes $Nasdaq100 Bull 3X ETF(TQQQ)$  $SPDR S&P 500 ETF Trust(SPY)$  

So far in 2024, Tesla $Tesla Motors(TSLA)$  stock has retreated about 30%, but has recently reclaimed its 10-week line and 50-day moving average.  Musk and Tesla have been stepping up rhetoric about full self-driving and AI in recent weeks. That messaging was on full display during the company's first-quarter earnings call. Tesla and Elon Musk Outlook In a bid to revive his company's fortunes in China, Tesla chief executive officer Elon Musk made a surprise visit to Beijing in late April, receiving in-principle approval from government officials to deploy its driver-assistance system in the country. Rolling out the technology in China would dramatically increase its subscription revenues, as well as helping it differentiate its cars

Tariffs hike for Chinese EVs!  The European Union has hiked tariffs on electric cars imported from China, drawing a rebuke from Beijing, which sees the bloc as a vital and growing market for its auto industry. Additional tariffs of between 17.4% and 38.1% will be applied on top of the existing EU duty of 10%, according to a statement from the European Commission. That takes the highest overall rate to close to 50%. NIO Among popular Hong Kong stocks, shares of Chinese EV maker Nio have plunged 53% so far this year. Concerns about the company's profitability and intense competition in the Chinese EV market are impacting investor sentiment. Moreover, macro pressures are also weighing on Nio stock. These headwinds could continue to drag down Nio shares in the near term. NIO share price W

* Wall Street welcomes signs of cooling of inflation, but remains elevated, Fed remains vigilant 🇺🇸 S&P 500: 1.19% 📈 🇺🇸 Nasdaq: 1.42% 📈 🇪🇺 Stoxx 600: 0.61% 📈 🇯🇵 Nikkei 225 Index: 0.08% 📈 🇭🇰 Hang Seng Index: Market closed 🇨🇳 CSI 300 Index: -0.77% 📉 * U.S. stocks cheered, with the S&P 500 and Nasdaq Composite rising 1.2% and 1.4%, respectively, as inflation data rose less than expected, calming sentiment and boosting hopes of a rate cut from the Federal Reserve. * The U.S. CPI rose less than expected in April, up 0.3% month-on-month and 3.4% year-on-year. The growth rate was lower than expected. This is a positive development for cooling down after three consecutive months of higher-than-expected data. This also fueled market expectations for the Federal Reserve this year. A bet on e

A long awaited happy week for EV investors last week. Generally, most of the EV companies had positive gain on their share prices over the week. The biggest winner belongs to Tesla.  TESLA  Last week, Elon Musk's quick visit to China was rewarded immediately. Tesla received in-principle approval from Chinese government to deploy its driver-assistance system (FSD) in the world's biggest auto market. Tesla will partner with tech giant Baidu on maps and navigation, to assist its FSD development in China. This agreement might be a potential revenue boost for Tesla. Besides, more and more automakers signed up to access Tesla's electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard.&nb

* U.S. markets rise on weak manufacturing activity; Asian markets rise on stronger manufacturing activity 🇺🇸 S&P 500: 0.12% 📈 🇺🇸 Nasdaq: 0.56% 📈 🇪🇺 Stoxx 600: 0.33% 📈 🇯🇵 Nikkei 225 Index: 1.13% 📈 🇭🇰 Hang Seng Index: 1.79% 📈 🇨🇳 CSI 300 Index: 0.25% 📈 * U.S. markets were broadly higher on Monday, with the S&P 500 and Nasdaq Composite rising 0.1% and 0.6%, respectively, as weak manufacturing data raised expectations for a rate cut. * U.S. manufacturing activity slowed for a second consecutive month in May, with new goods orders falling the most in nearly two years to 48.7, compared with expectations for a rise to 49.8, but the input inflation gauge fell from its highest level since mid-2022 . * Asia-Pacific stocks broadly ended higher, with the Hang Seng Composite Index and the CSI 30

Electric vehicles could make up as much as nearly half of global car sales by 2035, and our analysts forecast that more advanced autonomous or partially autonomous vehicles will make up the same share of sales just five years later. It's a fundamental shift, upending labor markets, supply chains, and commodity markets. Along the way, the car is being completely rethought and re-engineered, to incorporate cutting-edge battery chemistry, microchips, and software. TESLA  Earlier this week, it was announced that Elon Musk is working on Tesla Master Plan 4, describing it as 'epic'. Musk has released three previous Master Plans, outlining goals like expanding the electric vehicle lineup and achieving true self-driving. Robots, flying cars, and autonomy? Whatever it is, it will be awesome be

*Global markets end higher on rate cut optimism 🇺🇸 S&P 500: 0.16% 📈 🇺🇸 Nasdaq: 0.17% 📈 🇪🇺 Stoxx 600 Index: -0.53% 📉 🇯🇵 Nikkei 225 Index: -0.22% 📉 🇭🇰 Hang Seng Index: 0.24% 📈 🇨🇳 CSI 300 Index: 0.76% 📈 * U.S. markets were broadly higher on Monday, with the S&P 500 and Nasdaq Composite rising 0.2% and 0.2%, respectively, after weaker-than-expected labor market data reaffirmed expectations of a rate cut from the Federal Reserve. * The number of U.S. job openings fell more than expected in April, falling by 296,000 to 8.06 million (8.37 million expected), the lowest level in nearly three years, as labor market conditions eased, which could help the Fed fight inflation. * Asia-Pacific stocks ended broadly higher, with the Hang Seng Composite and the CSI 300 up 0.2% and 0.8%, respectively

Europe is supposed to fully switch to electric vehicles in little over a decade but sales growth of the climate-friendly vehicles stalled in the first half of the year.Sales of battery EVs took 13.9 per cent of the market. Petrol vehicles remained the biggest segment with a market share of 35.2 per cent. Sales of diesel vehicles fell by 7.9 per cent. Sales of vehicles using fuel cells, natural gas, liquefied petroleum gas, super-ethanol and other fuels bounded 6.9 per cent higher. Let's look into the chart of a few EV makers. TESLA  Tesla's move into the more profitable autonomous taxi platform business will be a catalyst for a roughly 10-fold increase in its share price, according to Ark Investment Management's Cathie Wood. Tesla daily chart Let's look at the Tesla chart shown above,

* Wall Street retreats on mixed corporate earnings forecasts; Hang Seng cheers on housing policy 🇺🇸 S&P 500: -0.19% 📉 🇺🇸 Nasdaq: -0.25% 📉 🇪🇺 Stoxx 600 Index: -0.09% 📉 🇯🇵 Nikkei 225 Index: 1.39% 📈 🇭🇰 Hang Seng Index: 1.60% 📈 🇨🇳 CSI 300 Index: 0.39% 📈 * U.S. stocks fell, with the S&P 500 and Nasdaq Composite down -0.2% and -0.3%, respectively, as investors adjusted interest rate cut expectations in response to slowing inflation and strong corporate earnings data. * U.S. jobless claims fell by 11,000 to 222,000 in the week ended May 11, beating estimates of 219,000, suggesting the labor market remains quite tight and is finding a delicate balance. * Asia-Pacific stocks rose, with Hong Kong's Hang Seng rising 1.6% to a nine-month high and China's CSI 300 rising 0.4%, driven by supporti

2023 is a good year I think most investors agree that 2023 is a pretty good year for the world equities market. Most of them are performing very well except some weakness shown for China and HKEX markets. However, both of them starts to turn much better last week! Therefore, I believe most investors will continue to cheer till the end of this year. My formula  Most of my followers know that I am a technical investors, select and judging most of my holdings based on technical analysis. I traded mostly the midterm uptrend stocks only. Since I am not a short term investors, therefore I was almost inactive in equities market for the past two years due to the bear market and nothing much to trade. However, this year everything turns better with trend reversal or even new high breakout

Investing in meme stocks is risky due to their high volatility, lack of fundamental support, and susceptibility to market manipulation and emotional trading. These stocks often experience sharp price swings driven by social media hype rather than business performance, which can lead to substantial losses. Additionally, they may face liquidity issues and regulatory scrutiny, making them highly speculative and challenging investments. Let's look at several meme stocks today:   AMC AMC Networks reported its second-quarter 2024 earnings Friday, revealing a 97 million USD hit to its balance sheet, including a 68 million USD goodwill impairment charge at the international division following the sale of 25/7 Media and a 29 million USD long-lived asset impairment charge at BBC America, a join