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Weekly Buzz: Great tech stocks on Friday the 13th

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Kevin Travers wrote a column · Dec 14, 2024 05:29
Weekly Buzz: Great tech stocks on Friday the 13th
Happy weekend investors! Welcome back to Weekly Buzz where we talk about the top ten buzzing stocks on moomoo this week! Comment below to answer the Weekly Topic question for a chance to win an award!
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Weekly Buzz
The market finished the week with all-time records for tech stocks, yet again. Prices were muted until CPI numbers came out Wednesday, high enough above expectations to secure hope for further rate cuts at the FOMC meeting next week. Earnings still impressed investors, $Broadcom (AVGO.US)$ Thursday showed their AI chip revenue segment grew  200% in a year -- netting the firm a 26% intraday climb Friday into the growing list of trillion-dollar stocks.
For the week, the S&P 500 $S&P 500 Index (.SPX.US)$ fell 0.64%, the $Dow Jones Industrial Average (.DJI.US)$ fell 1.82%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.34%.
Anyway, let's dive into the buzzing stocks this week:  
1. $Tesla (TSLA.US)$  - Buzzing Stars: ⭐⭐⭐⭐⭐
On Wednesday,   $Tesla (TSLA.US)$'s stock price surged to a record high in three years, closing at $424.77. The stock continued to climb, hitting 434 during Friday trade.
Weekly Buzz: Great tech stocks on Friday the 13th
Tesla shared a new video showing its humanoid robot, Optimus, reaching a big milestone: walking by itself outdoors. Some of these robots are already being used in Tesla's factories. CEO Elon Musk said the company might start selling them to other customers next year, with each robot expected to cost between $25,000 and $30,000.
Tesla's Investor Relations head, Travis Axelrod, told investors at a Deutsche Bank meeting that the affordable Model Q could be ready for delivery in the first half of next year. The car, called "Redwood" inside the company, will cost much less to make than the Model 3 - about half as much.
Weekly Buzz: Great tech stocks on Friday the 13th
2. $NVIDIA (NVDA.US)$ Buzzing Stars: ⭐⭐⭐⭐
According to the Wall Street Journal, Beijing opened an antitrust probe into Nvidia this week. Last week, the U.S. placed additional export controls on China's access to semiconductors.
Weekly Buzz: Great tech stocks on Friday the 13th
China's State Administration for Market Regulation said Monday that it was investigating Nvidia over suspicions that the company violated the terms of a conditional approval from Beijing in 2020 for acquiring an Israeli networking firm. In March 2019, Nvidia completed its biggest acquisition ever when it paid $7 billion to acquire Mellanox Technologies. China gave its conditional approval about a year later.
Weekly Buzz: Great tech stocks on Friday the 13th
3.   $Bitcoin (BTC.CC)$  - Buzzing Stars: ⭐⭐⭐⭐
Tuesday, Google announced its Willow Chip cracked a baseline test that would have taken the world's other fastest computers longer than the age of the lifespan universe. $Alphabet-A (GOOGL.US)$ said their finding might reflect the existence of parallel universes. Both share classes of its stock climbed 5% on the news, leading percentage gainers on the S&P 500.
Weekly Buzz: Great tech stocks on Friday the 13th
"It checks whether a quantum computer is doing something that couldn’t be done on a classical computer. It performed a computation in under five minutes that would take one of today’s fastest supercomputers 10^25, 10 septillion years," the firm said. "It lends credence to the notion that quantum computation occurs in many parallel universes, in line with the idea that we live in a multiverse, a prediction first made by David Deutsch."
Theoretically, a powerful computer could break through Bitcoin's encryption, a risk for the cryptocurrency. Himanshu Maradiya, the CEO of CIFDAQ, a blockchain ecosystem company, told Benzinga that coin lovers have nothign to worry about.
"The idea of quantum computers cracking Bitcoin is captivating, but it's still far off. Google's Willow chip, with 105 qubits, is impressive, but it's lightyears away from the millions needed to challenge Bitcoin's security," Maradiya told Benzinga in an email.
4.   $XRP (XRP.CC)$  - Buzzing Stars: ⭐⭐⭐⭐
XRP rallied sharply on Tuesday, becoming the biggest gainer among the top 10 cryptocurrencies by market capitalization, according to Benzinga. XRP has been one of the star performers of the ongoing cryptocurrency market bull run, skyrocketing as much as 286% over the past month.
Weekly Buzz: Great tech stocks on Friday the 13th
According to Benzinga, the coin's bull run followed Donald Trump's presidential victory, cryptocurrency-friendly Paul Atkins succeeding Gary Gensler as SEC Chair, a slew of filings for XRP spot exchange-traded funds, and the regulatory green light for Ripple Labs' RLUSD stablecoin.
@72473039 should I buy now? or wait for dip
5.   $Palantir (PLTR.US)$ - Buzzing Stars: ⭐⭐⭐
Palantir Technologies, MicroStrategy, Axon Enterprise, DraftKings, Alnylam Pharmaceuticals, United Airlines, and Ebay could be added to the Nasdaq 100 index Friday. The Nasdaq is due to announce any changes to the index as part of its annual reconstitution at 8 pm ET.
Weekly Buzz: Great tech stocks on Friday the 13th
6. $Super Micro Computer (SMCI.US)$ - Buzzing Stars: ⭐⭐⭐
Super Micro Computer stock faced volatility this week regarding its potential delisting from Nasadad. The stock fell Wednesday after the CEO's attempts to ease concerns about the stock failed to convince the market.
CEO Charles Liang said he is "confident" shares won't be delisted from the tech-heavy Nasdaq stock exchange when he spoke to reporters at the Reuters NEXT event in New York on Tuesday, according to Benzinga Last week, the company was granted an extension to file its delayed annual and quarterly reports by Feb. 25, avoiding the immediate threat of delisting.
Weekly Buzz: Great tech stocks on Friday the 13th
@D3VIN: shorts out to kill this company.. jeez
7. $Advanced Micro Devices (AMD.US)$  - Buzzing Stars: ⭐⭐⭐
"(Reuters) - Generative artificial intelligence startup Liquid AI said on Friday that it had closed a $250 million early-stage funding round led by chipmaker Advanced Micro Devices, which is also its strategic partner.
Consumer GenAI, which captured global attention in 2022 with the launch of OpenAI's ChatGPT, is at the center of the rapidly growing AI sector. This year, investors also funneled billions of dollars into GenAI startups.
Weekly Buzz: Great tech stocks on Friday the 13th
@45DTEAccumulating with every drop
8. $Rigetti Computing (RGTI.US)$  - Buzzing Stars: ⭐⭐⭐
Shares of Rigetti, $D-Wave Quantum (QBTS.US)$ and $IonQ Inc (IONQ.US)$ - all small-capitalization stocks closely associated with quantum computing - have gained 843%, 455% and 398% in the three months through Tuesday's close, FactSet data showed.
Shareholders of these companies benefit from a modest few billion dollars in value creation. Nevertheless, a consistent stream of new developments, along with their robust market performance, seems to have captured investors' attention.
Just before the market closed on Monday, $Alphabet-A (GOOGL.US)$'s Quantum AI unit released an announcement that some experts have described as a potential breakthrough in the field, which may speed up the creation of a commercially viable product.
@JackdsnutsBeware of Monday dip. Sell high buy low. Dip to 6 by 10 am Monday
9. $Strategy (MSTR.US)$ - Buzzing Stars: ⭐⭐⭐
Crypto investors are watching whether $Strategy (MSTR.US)$ is added to the Nasdaq-100 Friday. This would be a milestone for the software company that has transformed into a bitcoin-buying machine- readers in the future will know if this happens by Saturday morning.
Weekly Buzz: Great tech stocks on Friday the 13th
User said: Look at the current transaction numbers are all very small. looks line someone is setting something up
10. $SoundHound AI (SOUN.US)$   - Buzzing Stars: ⭐⭐
SOUN rose more than 20% intraday Friday to a 2-1/2-year high as well-received earnings results for   $Broadcom (AVGO.US)$ sparked a rally in multiple AI-related stocks.
Weekly Buzz: Great tech stocks on Friday the 13th
SoundHound has risen more than 600% since tech darling   $NVIDIA (NVDA.US)$ disclosed in February that it held a small investment in the firm, which is developing artificial-intelligence-powered voice customer-service systems for companies.
@10baggerbamm: so what are the odds next week we see 24 to $25?
Thanks for reading!
* All comments, links, and content posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult a qualified financial professional for your financial planning and tax situations.
Weekly Topic
Are you more inclined toward short-term or long-term investments, 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.
Awards
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  • HuatLady : The choice between long-term and short-term  stocks largely depends on one's goals, risk tolerance and time horizon. Personally, I lean towards long-term investments as they provide several advantages. They are the best way to weather tough times and ride out markets volatility. Established companies often pay consistent dividends, offering a stable income stream. While infrequent trading minimizes transection costs, enhancing overall returns.

    For instance, when I hold stocks like $Apple (AAPL.US)$ and $Coca-Cola (KO.US)$, timing the market becomes less of a concern. I am confident these "bullet-proof" stocks can meet the challenges, whether it's a market recession or a global pandemic. Their track records of staying strong 💪 and thriving makes them perfect 👌 for long term investors like me [undefined].

  • ZnWC : Thanks for the event [undefined]

    I trade in both short-term and long-term. The inclination will depend on the market condition.

    Think short term:
    Under a bull market, I am likely to sell most of the overvalued stocks to take profit. Occasionally I will buy call options to earn a profit in the short term and no intention to buy the stock when it is in the money (ITM). As the stock value appreciates quickly, my investment strategy tells me not to buy which may end up holding a stock at a high price. My inclination is short term.

    Think long term:
    Under a bear market, I can find many undervalued stocks (based on PE ratio and other FA/TA indicators). My investment strategy tells me to buy and hold. I like to use Value averaging (VA) to accumulate stock - buy when the share dip and hold/sell when the share price is up. I will buy put options  to protect my lower end and may exercise the contract if it is ITM - buy more with intention to hold. My inclination tends to be long term.

    Bottom line
    My investment principle -
    "To be fearful when others are greedy and be greedy when others are fearful".

    It is not easy to buy at dip because you need to DYODD and invest in a stock with conviction. When the share price dips further, most will "panic sell" in fear that you may catch a falling knife. I also don't use short term trading strategies like short selling or sell options because it is beyond my risk appetite.

  • HuatEver : Balancing short and long-term investment goals is challenging, but I prefer long-term investments for their ability to weather market fluctuations, generate dividends and capitalise on growth opportunities. They also encourage discipline and reduce impulsive decisions driven by short-term volatility.

    That said, short-term investments have strategic value, offering quick liquidity and flexibility to address immediate needs or market opportunities. By combining the stability of long-term investments with the agility of short-term plays, I aim to strike a balance that aligns with both immediate needs and future wealth-building goals. [undefined] [undefined] [undefined]

  • 102362254 : I prefer long-term investments for the growth and stability they offer, but I’m open to short-term opportunities when they pop up. It’s all about staying flexible and adapting to what works best for my goals and the market

  • Bird007 : @Author, please correct, the adjustment announcement of the NASDAQ 100 Index will be published at 8:00 PM Eastern Time this Friday (9:00 AM Peking Time).

  • 挂一忘二三 : The $NVIDIA (NVDA.US)$ is quite a disappointment in stock value side if you look at the recent week’s performance. I have to say with mention all stocks in my portfolio, NVIDIA is the one that created biggest loss for me

  • Super Waves : ❤️

  • Lucas Cheah : I am definitely more inclined toward long-term investments. For me, it is all about building a solid foundation for future growth and stability. I like the idea of holding onto quality assets, watching them mature over time, and letting compounding work its magic. It aligns better with my financial goals and peace of mind.

  • Lazy Cat Invests : Being a person who holds a busy day job, I prefer long term investments in quality/value stocks which allows me to be less active in monitoring their statuses. While the majority of my portfolio consist of such, I also do short term (i.e. 1 year or less) investments to fulfill short term goals (e.g. vacation or purchase of big ticket items). From my own experience of both accumulating and holding a particular stock in one account and day trading the same stock using another, the returns of the former is greater than that of the latter in the long run.

  • 103677010 : noted

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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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