$Coinbase Global, Inc.(COIN)$ has been weighed down by the recent ruling by a US court's endorsement of the lawsuit by the Securities and Exchange Commission against the cryptocurrency exchange. However, it may be years for the lawsuit and likely appeals to take their full course before a settlement can be reached. In the meantime, I continue to like Coinbase as a proxy play of the cryptocurrency market after the latter has emerged from a year-long winter and now trading near the heights on the back of a number of bitcoin spot ETFs launched this year and rising frenzy on the bitcoin halving event next month.
$Palantir Technologies Inc.(PLTR)$ and $C3.ai, Inc.(AI)$ have been riding on the AI exhilaration led by Nvidia as companies rush to incorporate artificial intelligence in automating their operations and digitising their businesses. Among the first movers in launching their AI solutions, the duo stands to benefit from their enterprise AI applications that are highly sought after as adoption of AI takes root and gains traction. In fact, with more and more companies jumping onto the AI bandwagon, billions are being spent on semiconductor chips to train and drive the AI engines. With demands for AI chips outstripping supplies by the likes of Nvidia despite the hefty prices of the AI chips, the rush for high-performance computing and generative AI solutions is poised to drive the next phase of growth of the semiconductor industry $Semiconductor Bull 3X Shares(SOXL)$ .
Unlike the booming AI market, cinemas appear to be heading to their sunset. Turnouts at $AMC Entertainment(AMC)$ 's theatre chain have fallen significantly after the COVID pandemic, as past crowds of movie-goers have since turned to online movie streaming services by the likes of Netflix, Amazon and Disney. AMC has been struggling to retain their customers amidst rising competition from the disruptive trend in the way many people would watch movies. Unless AMC is able to prove that it could stay competitive and remain relevant post pandemic, it may soon become obsolete.
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