$SUPER MICRO COMPUTER INC(SMCI)$Their filing yesterday were the company stated that financials will not have to be restated and that they disagree with E&Y was their response.However, the company should be proactive here and disseminate more information to investors (with the advice of legal counsel). The greater clarity that SMCI can provide investors around the issues/concerns raised by E&Y the sooner the stock will stabilize. It is obvious that a lack of internal controls has allowed some unscrupulous behavior from management (in my opinion this relates to the related-party transactions) and the Board has exasperated the issue by not providing adequate oversight.Now is the time for the Board to act. As long as
$Meta Platforms, Inc.(META)$Meta is now extremely position to open up 10/31/24 at a minimum of $616+, if the earnings beat and the forward guidance is above expectations. Which will set Meta in the trajectory to the most optimistic target share price of $811+. The bottom line is within the next few 43 remaining trading days of this year Zuckerberg could potentially reigns his wealth to surpass Elon Musk, making him the number one most richest person. This in itself will likely have implications for Jensen Huang and Elon Musk to step up their technological deployments which I view as services in AI, autonomy and robots for the next massive growth deployment to further increase their company's market caps.
$Invesco QQQ(QQQ)$ Bears’ excitement on Wednesday is now a distant memory. Once again their hopes and dreams have been crushed by this bull market. Looks like Wednesday never happened as this approaches $500. Next week Apple, Google, Microsoft and Amazon are likely to have positive results. Most if not all will mention capex in AI and Nvidia will fly. All to the benefit of this index…up, up and away…
$Coinbase Global, Inc.(COIN)$MSTR $MicroStrategy(MSTR)$ hodls and adds to the stack. COIN trades, their BTC stack is ridiculously small for a company that has been in the space for so long. MARA and other miners do not hodl, they sell BTC. also, COIN is neck deep in various totally laughable shitcoins and that is what they peddle mostly. when alts crash, they crash harder. long term, all money flows into BTC, so alt plays by definition are very short term, and risky of course. Look at the YTD performance for your answer. Coin has greatly underperformed BTC, MSTR has greatly outperformed it. So if you are bullish on btc, buy mstr. I believe the sec is still suing coin also.
$JD.com(JD)$JD is experiencing bank run, many male members canceling their memberships and withdrawing the money.Q4 which is the most important Q of the year will be bad.Careful.
$Alibaba(BABA)$neither Amazon $Amazon.com(AMZN)$ nor BABA is a bubble. They're expanding into other areas of business, they're growing and they're eating away at the competition. Amazon is one of three major cloud providers in the world, BABA will follow in their footsteps.
$MicroStrategy(MSTR)$To me, MSTR in last 24 hrs is doing what I expect and what it does majority of the time….its trend is in same direction as BTC. Bitcoin up over 1% since yesterday and MSTR is up over 2%. This is the sole reason I bought MSTR.
Why AMD’s Performance Claims Are Losing Credibility
$Advanced Micro Devices(AMD)$1 year ago, AMD showed us slides where MI300 beats H100 by 30-40% on inferencing. Now we have some MLPerf benchmarks showing us that MI300 and H100 are on par in inferencing.You wonder why nobody is thrilled? Because AMD has shown numbers last year which couldn't be confirmed by other benchmarks. They basically showed false numbers or what I suspect, they didn't show full potential of the competitor. Now they show us again such slides vs. H200. If AMD's slides are correct than the MI325 is supposed to be 2.2x as fast as MI300?? The reasoning is that H200 is 40% faster in inferencing than MI300 in MLPerf. So if AMD claims MI325 being 30% faster than H200 then it's essentially 2.2x faster than M
$Bright Minds Biosciences Inc(DRUG)$Guess what? And by the way. I’m being serious here…..when the company doesn’t understand why the stock skyrockets in trading and price it is clearly being manipulated. Unfortunately, the folks who bought this were manipulated. Do some due diligence before you jump on the bandwagon. Look at SMMT $Summit Therapeutics PLC(SMMT)$ or maybe ALZN $Alzamend Neuro, Inc(ALZN)$ (but I’m not too sure about ALZN I’m holding back at the moment on this one)
$NVIDIA Corp(NVDA)$Don't get fooled by green... All these chip stocks are extremely OVERVALUED... Already priced in for exponential growth for decades.... i.e. if the markets treat these sense, this should be trading far lower today... It's all fake enthusiasm/manipulation by biggies.....I expect a big RED for chip stocks today.