$特斯拉(TSLA)$ 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
My trading plans for this week:1. $NVIDIA Corp(NVDA)$Unlike the bubble in 2000, $NVIDIA Corp(NVDA)$ has a strong moat. It's not just about the chips but also the entire CUDA ecosystem.During market downturns, selling put options on NVDA is a good choice.Tips: When selling put options, make sure you have sufficient margin and don’t leverage.How to choose the strike price?I focus on two key points:Forward EPS and PEOn NVIDIA's financial page, you can see the 2025 EPS of 24.5 and a forward PE of 35.73.Note that the forward EPS estimate may undergo significant revisions with quarterly reports.$Tesla Motors(TSLA)$ is a typical example.Initially, it is projected that t
$腾讯控股(00700)$ 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.