$NVIDIA(NVDA)$ Consider that investors are about to be presented with compelling dip buying opportunities. We've seen investors continue to rotate out of blue-chip names, selling down on Nvidia, which has pushed it into correction territory, down 13% from its high. But each time $NVIDIA(NVDA)$ has been in a correction or even bear market (down 20%) it always recovered and then hit new record highs. This will be the fourth time this year Nvidia has seen a big pull back. In March it fell 20% and then hit new record high. In June it fell 33% and then later hit a new record. Nvidia's recovery will probably happen again as its results highlighted showed companies like Microsoft, Meta, Ama
$Micron Technology(MU)$ is a leader in the markets for DRAM (dynamic random-access memory), which is used in desktop computers and servers, and for flash memory, which is found in smartphones and solid-state hard drives. It has also become a key supplier of HBM (high-bandwidth memory) for artificial intelligence servers. Micron stock is up 27% this year at roughly $108, compared with a 17% rise for the iShares Semiconductor exchange-traded fund.
$Tesla Motors(TSLA)$ under the leadership of the world's wealthiest individual, Elon Musk, has been a strong critic of this requirement. The electric vehicle manufacturer has reported over 1,500 crashes to federal safety regulators under this program, the report noted. Alliance for Automotive Innovation, a trade group representing major automakers, has also previously criticized the requirement.
Google parent Alphabet announced its new quantum-computing chip Willow: The chip is powerful enough to do in minutes what it would take leading supercomputers 10 septillion years to complete, according to the firm, a breakthrough that could bring practical applications closer to reality. Quantum computing is well behind AI, a technology that itself looms much larger in the popular imagination than its impact (for now). Yet as long as tech companies prove that they're charging forever forward toward innovations that will -- at some point -- be truly revolutionary.
Broadcom's ASIC leadership positions it well for future AI competition. The company is developing custom AI chips with three major clients (Google, Meta, ByteDance) and working on next-gen AIXPUs with two others. It aims to convert these into revenue-generating customers by 2027, expanding its market.
$Palantir Technologies Inc.(PLTR)$ the software company said it had secured authorization for its entire product suite to be used in processing sensitive federal workloads. The cloud computing company said its entire suite of products and programs had been granted FedRAMP High Authorization. Palantir has worked with the government for years. FedRAMP is a program that promotes the adoption of secure cloud services at the federal level. The authorization allows the U.S. government to process sensitive unclassified workloads using Palantir's cloud technology.
$Destiny Tech100 Inc(DXYZ)$ stocks rise, with DXYZ up over 29.3% in pre-market trading. $Trump Media & Technology(DJT)$ stock increased by 8.1%, continuing its sharp gains after President-elect Donald Trump announced he had no intention of selling his shares in the company, which operates the Truth Social media platform.
The quantum computing sector is experiencing rapid growth, with companies achieving technological milestones, securing significant contracts, and attracting high investor interest, which has driven substantial stock price movements. However, the market remains volatile, as many quantum computing applications are still in developmental stages. Investing in quantum computing stocks carries inherent risks due to the nascent nature of the technology and the unpredictability of the market. Potential investors should conduct thorough research and adopt a long-term perspective, as the widespread commercial adoption of quantum computing is still on the horizon.
For the curious, a higher premium reflects strong buying pressure by U.S.-based institutional investors. This rebound suggests that when excessive panic selling occurs on Binance, which has a higher proportion of small investors, U.S. institutional investors are likely to adopt an aggressive buying strategy.
The annual adjustment of the $NASDAQ 100(NDX)$ components will be announced next Friday (December 13). According to the market capitalization ranking, in addition to the strong performers $Palantir Technologies Inc.(PLTR)$ and $MicroStrategy(MSTR)$ , $Equinix(EQIX)$ , and $Coinbase Global, Inc.(COIN)$ are also expected to become new members. On the other hand, six companies, headed by Moderna, Super Micro Computer, Biogen, CDW Corp, and MongoDB, may face the fate of being directly removed from the list.