To The Moon

Earnings season is upon us, and once again, it will be all about AI.We're almost 17 months into the generative artificial intelligence revolution, if you set the starting line as the launch of OpenAI's ChatGPT in November 2022. So far, most of the benefits have gone to the picks-and-shovels plays, chip companies like Nvidia, Advanced Micro Devices, and Micron Technology, cloud providers like Amazon Web Services and Microsoft Azure, and hardware vendors like Dell Technologies and Super Micro Computer.In the long run, though, AI can't just be about capital spending. Someone has to use the stuff. That's why this quarter, the focus shifts to software companies. All of them have been frantically writing new code and revamping to join the AI wave.Crab Apple. So far, 2024 has been rough on Apple shareholders thanks to the new antitrust lawsuit from the Department of Justice, difficult competitive conditions in China, a paucity of AI news, and a general lack of growth. In fact, Wall Street is

U.S. stocks closed higher on Thursday, with tech-related momentum stocks leading the charge, as fresh economic data rekindled hopes that inflation remains in a cooling trend.Market SnapshotThe Dow Jon

ZINGER KEY POINTSIn 2023, Tesla sold 1.809 million EVs, up 37.7% year-over-year, ahead of the 1.8M-unit guidance but trailing the 50% long-term growth goal.The company has begun work on a low-cost EV.

ZINGER KEY POINTSThe steepest used car price declines was for the Model X, which trades at $45,873, down 34.25% year-over-year.The plunge in used-car prices is a function of higher interest rates and

The S&P 500 ended a five-session streak of record highs on Friday, with Intel slumping after a bleak revenue forecast, while U.S. economic data showed inflation moderating.Even as the S&P 500 and Nasd

Stock's surge bucks weakness in the EV sector, as Tesla and Nio shares end 2023 with selloffs. Shares of Fisker Inc. charged higher Friday, after the electric vehicle maker said it will announce in January a plan to accelerate sales and deliveries.Fisker also provided an update of its business in 2023, saying it has produced 10,142 EVs as it has "largely overcome" the supply chain issues results from the COVID pandemic. And deliveries have totaled about 4,700, including a jump of more than 300% from the third quarter to the fourth quarter.Among other more-active shares of EV maker's, Mullen Automotive Inc.'s was one of the few gainers, as it rallied 5.7% toward a three-week high. It has now rocketed 86.5% since closing at a split-adjusted record low of $8 on Dec. 20.The EV sector leader Tesla Inc.'s stock slumped 1.8%, and is set to end 2023 with a two-day losing streak in which it has lost 4.9%. . Shares of China-based EV maker Nio Inc. took a 4.4% hit, to pullback from a 3 1/2-mon