To The Moon

$Coinbase Global, Inc.(COIN)$  Cryptocurrencies struggled to rebound this week amidst lack of stimulus, after suffering deep losses last week over worries that the US economy may be heading into a recession and dragging down the global economy. Coinbase, the largest listed cryptocurrency exchange has not been spared either. Nevertheless, expectations of rate cuts starting next month may bring back speculations in risky assets and benefit Coinbase with recovery of trading of cryptocurrencies.

Technology counters took a dive in the today as traders adopted a risk-off approach as they await the all-important earnings results due on 29 Aug from $NVIDIA Corp(NVDA)$  , the chip behemoth maker whose chips power over 90% of artificial intelligence product and service applications and that is the bellwether of the AI market outlook. $Advanced Micro Devices(AMD)$  has been playing second fiddle to Nvidia, and struggling to catch up with the leading AI chip maker and wrestling with the likes of Intel to make do with the remaining market share of the AI chip demands. Hence, I believe that the market dominance of Nvidia will continue to wei

$Faraday Future Intelligent Electric Inc.(FFIE)$  has been buoyant by market optimism on its continuation as a going concern after the troubled EV maker received preliminary approval for continual listing on Nasdaq subject to its compliance by end of August, allaying over its impending delisting at least for now. Faraday Future has executed shares consolidation of 1-for-40 outstanding shares in a bid to boost its stock price to comply with NASDAQ's requirements in order to maintain its listing after August. However, I doubt any shares consolidation will save the day in the longer run if Faraday Future is not able to demonstrate its worth amidst deteriorating fundamentals and worsening demands for its vehicles. It do

$NVIDIA Corp(NVDA)$   will be announcing its latest quarterly earnings on 29 August. Hopefully, the artificial intelligence chip maker will bring cheers to the semiconductor market when it posts its earnings results. Nvidia is undeniably the market leader for the most powerful artificial intelligence chips highly sought after to build, train and deploy artificial intelligence models by numerous companies around the globe. I believe that the industry is still in an early stage of AI adoption when companies are testing their AI products and services. Nvidia is currently the leader in the AI chips industry with an 84% market share and will have a long runway for further growth as AI adoption grows over time. W

While $Palantir Technologies Inc.(PLTR)$  and $C3.ai, Inc.(AI)$  may not be the poster boy like Nvidia for artificial intelligence, 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 tap on the growing demands for AI applications. Well-known for its close collaborations with the US government, over the last couple of years Palantir has made a deliberate effort to expand beyond the public sector, and indeed the strategy is paying off as it has been enjoying impressive growth in the private sector. Likewise

With the US politicians warming up to cryptocurrencies, cryptocurrencies are poised to regain from their recent losses. Together with growing expectations of commencement of the Fed rate cuts next month, hopefully cryptocurrencies will regain their past glories and help to lift the largest US-listed cryptocurrency exchange $Coinbase Global, Inc.(COIN)$  along in the coming months, as renewed trading enthusiasm returns. $Faraday Future Intelligent Electric Inc.(FFIE)$   doubled its market capitalization this week after the market cheered its completion of shares consolidation of 1-for-40 outstanding shares in a bid to boost its stock p

$Faraday Future Intelligent Electric Inc.(FFIE)$  spikes after its reverse split. However, the electric vehicle maker continues to struggle under deteriorating fundamentals with worsening balance sheet and slowing demands. It remains pricey to me for lack of supporting fundamentals that would justify its valuation. Any rally would appear 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. Short of any turnaround strategy, I doubt that the shares consolidation is going to save the day for Faraday Future.

I like Elon Musk's vision to transform $Tesla Motors(TSLA)$   into an artificial intelligence colossus over time. Growing electric vehicles sales, soaring energy storage revenues and a future filled with its humanoid robots are signs of rising market dominance of the EV technology leader. Prevailing short-term price weakness may present an opportunity to accumulate for long-term growth. Big techs like $Microsoft(MSFT)$  , $Apple(AAPL)$  , $Alphabet(GOOG)$  and 

$NVIDIA Corp(NVDA)$   is undeniably the market leader for the most powerful artificial intelligence chips highly sought after to build, train and deploy artificial intelligence models by numerous companies around the globe. I believe that the industry is still in an early stage of AI adoption when companies are testing their AI products and services. Nvidia is currently the leader in the AI chips industry with an 84% market share and will have a long runway for further growth as AI adoption grows over time. While $Advanced Micro Devices(AMD)$ has been playing second fiddle to the AI behemoth maker and wrestling with

The Chinese electric vehicle industry has been struggling with sluggish sales in a domestic economy trying to regain its footing. The Chinese EV trio $NIO Inc.(NIO)$  , $XPeng Inc.(XPEV)$  and $Li Auto(LI)$  have not been getting cheers from investors with EV demand softening in China and narrowing profit margins amidst price war in the EV market. This is not helped by intensifying competition marked not least by the latest entry of the electronics powerhouse Xiaomi. Furthermore, with increasing competition from a growing number of conventional car makers jump