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GME tumbled after uneventful annual meeting: Is the hype fading?
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Aussie Weekly Buzz: Nvidia leads list of stocks to watch

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Moomoo AU joined discussion · Jun 3 03:51
Hello mooers!!!
Welcome back to AU Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo AU based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
Let's dive into the buzzing stocks last week:
Aussie Weekly Buzz: Nvidia leads list of stocks to watch
NVDA Buzzing Stars: ⭐⭐⭐⭐⭐
$NVIDIA(NVDA.US)$ has added roughly $350bn since May 23, when it announced surging revenue growth over the first three months of the year. At the peak earlier in the week, its value had risen by nearly half a trillion dollars, growing by a sum close to the market capitalisation of Tesla in just a few days.
The company was valued at $2.69tn by Friday’s close, more than JPMorgan, Berkshire Hathaway and Meta combined, despite a pullback at the end of the week.
@SgDavidC: May was definitely an exciting month especially for Nvidia. Ones must really exercise control, not to FOMO or feel FUD when the price sudden rise or fall. Most investors lose money because they choose companies that they are not familiar with, buy and sell based on their emotions. Look for companies with good fundamental and growth potential. Price may go up and down but a good company will eventually grow.
TSLA Buzzing Stars: ⭐⭐⭐⭐
$Tesla(TSLA.US)$ dropped 0.5% last Friday, still holding above the 50-day line.
On April 23, Tesla announced worse-than-expected earnings and revenue for the first quarter, with the electric-vehicle giant reporting its lowest quarterly per-share earnings since 2021. But Tesla stock soared as it signaled "more affordable" new models are still coming.
In recent weeks, Tesla surged on news reports that Beijing has given preliminary approval for the electric-vehicle giant to launch its Full Self-Driving in China.
@长流远源: Rebound when all give up...slowly climb back again.
AAPL Buzzing Stars: ⭐⭐⭐⭐
$Apple(AAPL.US)$ rose 0.5% Friday. Shares are back above their 50- and 200-day lines and nearing a 199.62 entry. Following the last quarter’s earnings the stock remains strong with good relative strength, positive money flows, and bullish volume trends. In the news, the company is reported to unveil powerful AI-driven voice command features at June’s WWDC. In addition, they plan a complete overhaul of Siri AI to enhance app control.
Also, this week, Bank of America reiterated its "Buy" rating and $230 price target, saying the adoption of AI for iPhones will drive a multi-year upgrade cycle. All good news for Apple as we approach the 2024 WWDC that begins on June 10.
@ElephntKng87: In no way do I think 196 is out of the realm, especially with the way we traded today. So many sectors were down with a trusted stock like AAPL moving higher. But they still moved to the downside at the end of the day with moderate volume so I'm sceptical about a continued move up. Are we playing double dutch towards an S&P high of 5500? Only to dump at that point because of uncertainty.... Retail is always the last to know. Trade smart.
GME Buzzing Stars: ⭐⭐⭐⭐
$GameStop(GME.US)$soared earlier this month following the return of influential trader and analyst Keith Gill to social media. The meme-stock rally appeared to have calmed last week, although GameStop’s stock surged again after the company announced the completion of a previously disclosed, roughly $933.4 million equity offering through the sale of 45 million shares.
GME are up 99% this month, putting the stock on pace for its best monthly performance since the January 2021 meme-stock frenzy. And then it dropped 2.7% last Friday.
@104805970:My opinion, when a meme stock are less volume day by day , either short or leave. Except you choose to lose others winning choice. But it’s just my opinion.
BHP Buzzing Stars: ⭐⭐⭐
$BHP Group Ltd(BHP.US)$ just closed out a surprisingly strong month, with an uping 3.4% in May, racing ahead of the 0.5% monthly gain posted by the ASX 200.
The BHP share price received some support in May from a fairly resilient iron ore market, with the steel-making metal trading in the US$116 to US$118 per tonne range for most of the month.And copper, BHP's second biggest revenue earner after iron ore, continued to outshine in May. After hitting all-time highs on 20 May, the copper price ended the month up 3% at US$10,040 per tonne.
The BHP share price alternately moved higher or lower amid fresh news over the month on the ASX 200 miner's takeover efforts of Anglo American. As you're likely aware, BHP couldn't reach an agreement to acquire Anglo American due to disagreements on South African regulatory risk and cost.
As for June, the BHP share price is starting the new month off with a bang, up 1.3% at $45.08 a share.
@Philip_AU: Looks like the BHP deal is off the table for now! UK laws got their backs and said BHP gotta wait 6 months before trying again. Unless there's a new rival bidder, Anglo wants a new offer, or some crazy new situation comes up, we ain't gonna see another BHP bid anytime soon.
AMD Buzzing Stars: ⭐⭐⭐
$Advanced Micro Devices(AMD.US)$ inched 0.09% higher to $166.90 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.80% to 5,277.51 and the Dow Jones Industrial Average DJIA rising 1.51% to 38,686.32.
This was the stock's second consecutive day of gains.
@Jackosen: Bought some amd shares, thinking to ride on the AI wave. However it seemed to be more volatile and not reacting much to nvidia excellent results. Just hold and wait for the next wave.
AMC Buzzing Stars: ⭐⭐⭐
$AMC Entertainment(AMC.US)$ traded lower Wednesday, though the stock remained up nearly 50% over the past month. AMC Entertainment shares saw a massive spike mid-May amid the brief return of Keith Gill, better known as "Roaring Kitty, to social media. Roaring Kitty disappeared as quickly as he came, however, AMC shares are holding some of the recent gains.
@MonkeyGee: Didn't expect a move so soon. But it's totally welcomed.  closing above 5.23 for the week will be very positive! Don't expect any rockets, it will most likely be trading in a range for sometime. until the next catalyst or until roaring kitty shows its face.
FFIE Buzzing Stars: ⭐⭐⭐
$Faraday Future Intelligent Electric Inc.(FFIE.US)$ pared back their recent gains Friday after a weeks-long roller-coaster ride marked by eye-popping gains and a record decline.
FFIE has seen its stock price rebound over 15% during premarket trading on Friday, following a dramatic 91% crash over the past eight days. This wild ride began when the stock price plummeted to $0.35 per share from its May 17 peak of $3.89, largely due to disappointing earnings results earlier last week.
In a bid to calm investor nerves, CEO Matthias Aydt released a video on Thursday addressing critical concerns about dilution and bankruptcy risks. His reassurances led to a surge in the stock as investors reacted positively to the news that Faraday Future plans to provide a strategic update within the next month or two. The stock closed at $0.57 on Thursday, up 27.26%.
@151036501: I firmly believe that FFIE's stock price will gradually rise, even reaching its pre-dilution levels.
Positive Facts:
1. Successful Production and Delivery: FFIE successfully manufactured and delivered electric vehicles last year.
2. Vehicles in Operation: The delivered FF91 cars are operational and not in repair shops or scrapyards.
3. Ongoing Operations: FFIE continues to operate.
4. Active Fundraising: FFIE is actively seeking further financing.
5. Pre-sale Contracts: FFIE has pre-sale contracts that have not been canceled.
6. Market Attention: There is considerable market interest in FFIE.
FUTU Buzzing Stars: ⭐⭐⭐
$Futu Holdings Ltd(FUTU.US)$announced its unaudited Q1 2024 earnings with US$331.3 million in revenues, up 9.2% quarter-over-quarter.Futu's 1Q24 GAAP net profit rose 18.5% QoQ to HKD1,038 million, beating BofA estimates by 3%, driven by lower-than-expected client acquisition cost and stricter cost control.
BofA raises 2024-26E earnings estimates by 3-5%, lift their target 2024E P/E multiple from 17.5x to 18.0x on strong client growth, and raise their price target by 6% to USD85.80. BofA reiterate their Buy rating on Futu given improving market sentiment and encouraging developments in overseas markets and new products.
@102398820: All moomoo share holder I have win you tie again. So your continue hold donnot lose hope.
MSFT Buzzing Stars: ⭐⭐⭐
In late April, $Microsoft(MSFT.US)$beat estimates for its fiscal third quarter, thanks to healthy cloud computing business. Shares moved down 0.6% in Friday's trading, falling further below a flat base's 430.82 buy point and falling further below the 50-day line.
Management’s June 6 presentation at the Bank of America Global Technology Conference will provide an update on the company’s business but could bring a reason for us to revisit our current price target.
@Col Lambert: Up and coming X AI will be a fierce competitor for ChatGPT and Microsoft AI team. Awaiting proper adjustment on this relatively "soft" tech firm down to 400-410 range.
Awards
Congrats to the following mooers whose comments were selected as the top comments last week!
@mr_cashcow @102362254
Weekly Topic
Which shares will be the US market shakers in June? And why?
Comment below and share your ideas! We will select up to 15 TOP COMMENTS for a reward next week. Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
Aussie Weekly Buzz: Nvidia leads list of stocks to watch
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  • mr_cashcow : Thanks for the reward points[undefined]

    As for June usually the US market is slow during the summer[undefined]But if I were to make a guess it would be accelerated computing making waves with $NVIDIA (NVDA.US)$ leading the charge![undefined]

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  • 102362254 : Meme stocks such as $GameStop (GME.US)$ are likely to make a grand return in June, with earnings scheduled for the 11th and Roaring Kitty’s involvement. This is going to be pretty exciting, as it signals a potential resurgence in speculative trading activity.

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  • ZnWC : There are a few important dates to take note in June:

    6 Jun Nio earnings, SpaceX Starship 4 Launch (related to Tesla), US jobless claim

    7 Jun Nvidia 10 for 1 stock split, US employment report

    11-12 Jun Fed FOMC meeting  

    13 June Tesla shareholders meeting

    28 Jun Geely Auto earnings

    2/3* Jul Tesla Q2 delivery report

    1) The stock shaker will be $NVIDIA (NVDA.US)$ because of the 10-1 stock split. The share price may go either way but expect volatility probably throughout the whole month. Some analysts said there may be a pullback for the share price while others say it will "go to the moon".

    2) $Tesla (TSLA.US)$ is next because of the Tesla Shareholders Meeting voting will have long term impact to the EV maker and the entire industry. The voting may decide if Elon Musk is staying or leaving Tesla thereby affecting the company's continue to invest in AI. $NIO Inc (NIO.US)$ and Geely Auto$GEELY AUTO (00175.HK)$ stocks may also "shake" the stock market after the earnings announcement.

    3) Last is the meme stocks like $GameStop (GME.US)$ and the BTC related stocks like $Crypto (LIST20010.US)$ BTC ETFs and $Coinbase (COIN.US)$ . As we don't know the intrinsic value of the two assets, they are highly speculative and risky not suitable for inexperienced retail investors who may be manipulated by FOMO (greed).

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  • puddy1 : $NVIDIA (NVDA.US)$      going to the moon before the stock split. I think it would be one of the stocks that would rock the stock market up.

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  • 151891691 : [undefined]

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  • 151891691 : [undefined]

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