Will you invest in meme stocks!! $Faraday Future Intelligent Electric Inc.(FFIE)$ , a California-based global shared intelligent electric mobility ecosystem company, previously announced that it received a letter from The Nasdaq Stock Market LLC dated April 24, 2024. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company's securities from The Nasdaq Capital Market. If the Company fails to appeal the Delisting Determination by May 1, 2024, trading of the Company’s common stock will be suspended at the opening of business on May 3, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from lis
Meme stocks strike back! Fueled by the surge in Gamestop, we are also witnessing the rise of other meme stocks such as $AMC Entertainment(AMC)$ $Faraday Future Intelligent Electric Inc.(FFIE)$ !! Although it may be possible to earn some short-term gains, the company's long-term prospects remain uncertain. Its share price remains highly volatile, with bearish sentiment building even among the retail investor community. AMC stock has faced plenty of financial challenges. Its ability to avoid bankruptcy is still unclear; AMC's net debt stood at US$4.5 billion and this may lead to more liquidity challenges when it raised $325 milli
Meme stocks strike back! Fueled by the surge in Gamestop, we are also witnessing the rise of other meme stocks such as $AMC Entertainment(AMC)$ $Faraday Future Intelligent Electric Inc.(FFIE)$ !! Although it may be possible to earn some short-term gains, the company's long-term prospects remain uncertain. Its share price remains highly volatile, with bearish sentiment building even among the retail investor community. AMC stock has faced plenty of financial challenges. Its ability to avoid bankruptcy is still unclear; AMC's net debt stood at US$4.5 billion and this may lead to more liquidity challenges when it raised $325 million by
Are u still buying EV stocks? Most of the EV companies remain unprofitable and they are still burning more cash to build up on their infrastructure and expansion. A few EV companies (Lordstown Motors, Proterra) have declared bankruptcy recently and the next potential in line is probably EV start-up company Fisker. The share price has tumbled more than 25% in pre-market. Furthermore, the ongoing price war is likely to hurt their profit margin even further and they are likely to remain unprofitable in the near future. Like most new industries, eventually only a few companies would emerge victorious! . Unlike BYD, Tesla or Li Auto, most EV companies clearly have issues scaling up their production significantly. The competition in the EV market has intensified as numerous traditional car marke
Potential delisting of Faraday Future Intelligent Electric Inc?? $Faraday Future Intelligent Electric Inc.(FFIE)$ , a California-based global shared intelligent electric mobility ecosystem company, today announced that it received a letter from The Nasdaq Stock Market LLC dated April 24, 2024. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company's securities from The Nasdaq Capital Market. If the Company fails to appeal the Delisting Determination by May 1, 2024, trading of the Company’s common stock will be suspended at the opening of business on May 3, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's sec
Bitcoin to the moon!! Bitcoin has achieved a new all-time high and has been hovering around US$70,000 mark. Bitcoin's recent mining reward halving has altered the market in such a way that it could potentially lead to cryptocurrency's demand being five times greater than that of supply. The per-block reward paid to miners was cut in half from 6.25 BTC to 3.125 BTC. Over time, the impact of each halving will diminish as the block reward approaches one satoshi. This rewards system will continue until about 2140, when the proposed limit of 21 million coins is reached. At that point, miners will be rewarded with fees for processing transactions, which network users will pay. These fees ensure miners are still incentivized to participate and keep the network going. As of October 2023, about 19
Pull-back presents a good opportunity?? The introduction of AI has resulted in huge rally in most semiconductor-related stocks. Notably, $NVIDIA Corp(NVDA)$ was one of the biggest winners gaining ~240+% in a year due to the significant improvement in its quarterly revenue. Nvidia recently announced a new generation of artificial intelligence chips (Blackwell) and software for running artificial intelligence models. The announcement comes as the chipmaker seeks to solidify its position as the go-to supplier for AI companies. Nvidia's high-end server GPUs are essential for training and deploying large AI models. Companies like Microsoft and Meta have spent billions of dollars buying the chips. Nvidia is enticing
Pull-back presents a good opportunity?? The introduction of AI has resulted in huge rally in most semiconductor-related stocks. Notably, $NVIDIA Corp(NVDA)$ was one of the biggest winners gaining ~240+% in a year due to the significant improvement in its quarterly revenue. Nvidia recently announced a new generation of artificial intelligence chips (Blackwell) and software for running artificial intelligence models. The announcement comes as the chipmaker seeks to solidify its position as the go-to supplier for AI companies. Nvidia's high-end server GPUs are essential for training and deploying large AI models. Companies like Microsoft and Meta have spent billions of dollars buying the chips. Nvidia is ent
Potential delisting of $Faraday Future Intelligent Electric Inc.(FFIE)$ ?? Faraday Future Intelligent Electric Inc., a California-based global shared intelligent electric mobility ecosystem company, today announced that it received a letter from The Nasdaq Stock Market LLC dated April 24, 2024. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company's securities from The Nasdaq Capital Market. If the Company fails to appeal the Delisting Determination by May 1, 2024, trading of the Company’s common stock will be suspended at the opening of business on May 3, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's se
Sector rotation? Time to take profits on your tech stocks?? We have seen huge rallies in technology-related over the last few months, particularly the AI-related enjoyed the biggest rallies among all the technology-related sectors. Recently, there's several news of semiconductor companies being awarded grants amounting to billions of US dollars to set up manufacturing plants in US. The key motivation behind the huge generosity from the US government is due to the severe semiconductor supply chain disruption and culmination of years of political wranglin to bolster US competitiveness in the semiconductor industry, which is viewed as essential to national and economic security. Particularly, US semiconductor manufacturing capacity has dropped from nearly 40% of global supply in 19