$Meta Platforms, Inc.(META)$ stock price took a plunge over 15% after its latest earnings release during the post-market trading despite an earnings beat, as its revenue forecast for the prevailing quarter has fallen short of market's expectations, dragging down fellow social media peers such as $Snap Inc(SNAP)$ which fell over 5% in the after-hours trading as well. Further worrying the market is Meta Platforms 's plan to aggressively increase its investments on artificial intelligence. Its peers with significant stake in AI have also fallen in sympathy. However, the investments to enhance its AI functions and features across its suite of social media platforms are nec
Stock prices of $Sea Ltd(SE)$ , $PDD Holdings Inc(PDD)$ and $JD.com(JD)$ rallied yesterday on the news over the weekend that the US House passed a bill that would Bytedance to divest of TikTok or the latter would face a ban in the US. TikTok has been increasingly perceived by Sea as a rising competitor with its ambition on e-commerce in Southeast Asia where Sea has held a dominant lead over its peers, until the arrival of TikTok Shop. Temu, which is owned by Pinduoduo, is also facing rising competition from TikTok in the US. Likewise, TikTok has taken a toll
eCommerce giant $Amazon.com(AMZN)$ will be releasing its first quarter 2024 earnings results on 25 April. Its stock Amazon has climbed over 16% year to date, buoyant by the improving business outlook of its cloud and eCommerce businesses. The company is also reaping the benefits from improving cost structure from a successful restructuring that I embarked from late last year to early this year. Amazon has also been a forerunner in incorporating artificial intelligence into its cloud service offerings to take advantage of prevailing growing AI demands. To contain the huge costs on AI chips and avoid over-reliance on supply from Nvidia, Amazon has also been proactive in developing and customising its o
A rebound may be in sight for the Chinese EV startup trio $NIO-SW(09866)$ , $XPENG-W(09868)$ and $LI AUTO-W(02015)$ , as well as the incumbent $BYD COMPANY(01211)$ and their latest but formidable peer $XIAOMI-W(01810)$ , as the Chinese EV industry set its eyes to dominate the global market. With the prevailing price war easing as it is deemed unsustainable even by the EV industry leader
Next week is a busy one, as $Microsoft(MSFT)$ , $Alphabet(GOOG)$ , $Meta Platforms, Inc.(META)$ and $Tesla Motors(TSLA)$ will be kicking off the quarter earnings releases by the big techs. Being growth stocks, their price movements are highly sensitive to interest rates and their stock prices have been inflated by expectations on rate cuts early this year. However, the expectations have since dimmed on the back of a sticky inflation that has threatened the economy with interes
Shares of $AMC Entertainment(AMC)$ had surged this week, despite no apparent good news, other than a dismissal of bankruptcy by its CEO last week to allay worries over the company's viability as a going concern. The rise of online streaming services and their growing popularity have weighed on AMC, whose profits in the fourth quarter of last year had been disappointing. With rising competition from the online streaming service providers, AMC has better quickly reinvent itself to stay competitive and remain relevant post pandemic, as the pandemic has changed forever the way many people would watch movies. Until a sound turnaround strategy is in place in its management, I believe that AMC's stock price has r
Investing in stocks of electric vehicle makers is akin to taking roller-coaster rides these days. Just look at their stock price charts. With a share price well lower than 10 cents, $Faraday Future Intelligent Electric Inc.(FFIE)$ is at risk of being delisted if it fails to maintain a minimum bid price requirement of $1 and has in fact received a warning by the Nasdaq to do so by 25 June. With a turnaround strategy to achieve profitability and defend shareholder values that seems to be empty talk for lack of a compelling plan, I'm highly doubtful that its stock price would recover exponentially within the next 2 months to comply with Nasdaq's listing rules. Hence, I believe that it will just be a matter o
$Netflix(NFLX)$ will be releasing its latest quarterly earnings results tonight after the US market closes. I would expect the company to celebrate further growth in revenue from its crackdown on password sharing and its ad-supported subscription plans. Old habits die hard since the onset of the COVID pandemic, when many avoided theatre halls and have grown used to watching movies anytime from the comforts of their homes. The rise of online streaming services by Netflix and its formidable peers Amazon and Disney, and their growing popularities have added to the woes of AMC, whose profits in the fourth quarter of last year had already fallen short of market expectations. With rising competition from t
While $Palantir Technologies Inc.(PLTR)$ and $C3.ai, Inc.(AI)$ may not be as well-known as NVidia and Microsoft, I like the duo for carving out their niches in the big data analytics and enterprise AI spaces. Among the first movers in rolling out AI solutions, Palantir and C3.ai are well-positioned to capitalize on the growing demands for AI applications. In fact, known for its close collaborations with the US government, over the last couple of years the company has made a deliberate effort to expand beyond the public sector, and indeed the strategy is paying off as Palantir has been enjoying impressive growth in the priva
$Faraday Future Intelligent Electric Inc.(FFIE)$ stock price has skyrocketed to the moon this week, even as the electric vehicle maker continues to struggle under deteriorating fundamentals with worsening balance sheet and slowing demands. With no apparent news thaat would justify the rally, it appears to be another round of short-squeezing by the meme community to make quick bucks on the counter. However, I believe that the rallies will be short-lived, and the downward spiral will resume once the fundamentalists regain command. With a share price around 10 cents, time is running out for the EV maker to push its stock price above $1 by June 25, the deadline set by the Securities and Exchange Commission before i