To The Moon

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 price to comply with NASDAQ's requirements in order to maintain its listing. However, the reverse stock split has not reversed the deteriorating fundamentals of the struggling EV maker. In fact, I suspect that had there been no short-squeeze by the meme community, the share price would have already been beaten to the ground. I doubt any shares consolidation will save the EV maker if it is not able to demonstrate its worth amidst deteriorating fundamentals and worsening demands for its vehicles over worries about its ability to remain a going concern. Hence, I doubt that the shares consolidation is going to save the day, and I believe it will merely prolong the pain. Its peer $Rivian Automotive, Inc.(RIVN)$ has been in the limelight since the EV maker disclosed that Volkswagen would invest up to $5 billion in a new joint venture. News of fresh capital has allayed concerns over Rivian’s cash flow to support the development of its next-generation vehicles. and it may be time to relook at this once-darling of the EV industry before it sails away. Despite returning crowds to its theatres post-COVID pandemic measures and releases of blockbuster movies, $AMC Entertainment(AMC)$ has yet to renew its growth, as the largest cinema chain in United States struggles to remain relevant post pandemic and stay competitive amidst rising popularity of online streaming services by the likes of Netflix, Disney and Amazon, threatening the relevance of theatres. AMC will need to continue to reinvent itself to stay competitive and remain relevant in the new normal post pandemic that has changed forever the way many people would watch movies. After momentarily helming the market capitalization chart, Nvidia has since returned some of its recent gains. Hopefully its coming quarterly earnings results to be released on 29 August are going to help the artificial intelligence chip technology leader regain its past glory. As companies rush to deploy artificial intelligence to improve productivity and enhance their product offerings, Nivida's semiconductor chips are highly sought after to train and implement the AI engines. With the growing demands for semiconductor chips to accelerate digitization of businesses and automation of operations, I'm hopeful that the overall semiconductor industry $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ has further upside and more legs to run. @TigerStars @TigerWire @VideoLounge @CaptainTiger @MillionaireTiger @TigerEvents