$特斯拉(TSLA)$ MS: According to a CNBC article citing emails "circulated inside Nvidia and obtained by CNBC", Tesla CEO Elon Musk ordered $500mm worth of Nvidia H100 GPUs ordered by Tesla to be redirected to his social media company. Elon Musk replied to the story confirming the report and explaining: "Tesla had no place to send the Nvidia chips to turn them on, so they would have just sat in a warehouse. The south extension of Giga Texas is almost complete. This will house 50k H100s for FSD training." Irrespective of the above news story, we share 3 brief thoughts: 1. Without Elon Musk achieving a 25% voting stake in the company, we believe Tesla shareholders should be prepared for Tesla to significantly slow down/curtail its direct inv

$腾讯控股(00700)$  MS: We believe the share price will rise in absolute terms over the next 60 days.  This is because the stock has traded off recently, making short term valuation much more compelling. We believe the market has overreacted to the draft game consultation. We see three near-term catalysts: (1) potential softening of rules enforcement, (2) robust DreamStar performance and key title launches; and (3) MOBA grossing inflection. On on our 2024 estimate, P/E is 13x (11x core). We project 11% revenue and 30% non-GAAP NP growth for 2024.  We estimate that there is about a 70% to 80% (or "very likely") probability for the scenario. 

$巴里克黄金(GOLD)$  test 2

$巴里克黄金(GOLD)$  test

$巴里克黄金(GOLD)$  test