TSLA
Tesla
-- 288.140 NVDA
NVIDIA
-- 120.690 GME
GameStop
-- 25.400 PLTR
Palantir
-- 96.500 TNON
Tenon Medical
-- 3.750 
Weekly Buzz: What a debate
Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
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Weekly Buzz
The second quarter and first half of 2024 ended Friday and was an all-around roaring time for stocks.
The $S&P 500 Index (.SPX.US)$ climbed 14% in the first half of the year, and 4% in the second quarter. The $Dow Jones Industrial Average (.DJI.US)$ climbed just 3.58% in the first half, and fell about 1.35% in the second quarter. The $Nasdaq Composite Index (.IXIC.US)$ climbed 18% in the first half, and 8% in the second quarter.
In macroeconomics, PCE inflation data came in right as expected Friday morning. Core prices advanced 2.6% year over year, and just 0.1% in May, while regular Personal Consumption Index prices remained unchanged.
Thursday's GDP numbers for the first quarter are finalized at a growth rate of 1.4%, falling from Q4 2023's 3.4% growing economy. Initial jobless claims came in at 233k, lower than expected.
Fed speakers this week gave conflicting guidance on rate cuts. Monday saw Federal Reserve Bank of Chicago President Austan Goolsbee give a dovish stance for rate cuts, while San Francisco Federal Reserve President Mary Daly also said she sees keeping rates higher.
Anyway, let's dive into the buzzing stocks this week:
Nvidia had a relatively slow week after hitting all-time highs and the top spot in the market by market cap last week. Still at the end of the first half the stock has so far climbed 150% this year.
To stay on the Nasdaq exchange, Faraday has to maintain a higher stock pice, The firm announced it plans a reverse stock split ranging from 1-for-2 to 1-for-40 shares after filing its delayed 2023 Annual Report. The company also recently appointed Macias Gini & O'Connell LLP (MGO) as its new auditor.
@BadKidluck: recover some money hahah
GameStop has climbed about 42% so far this year, and 108% in May alone before pulling back. Roaring Kitty posted a picture of a dog, directing investor attention toward $Chewy (CHWY.US)$ in speculation he was referring to the dog food company, possibly pulling attention away from GME.
@Just_CallMe_Zaccheus: short more ..Dumb money is risking infinite loss to make .12 lol .. and they call us dumb money.. lol
$Tesla (TSLA.US)$'s stock has risen nearly 20% in the past six months. The firm is set to announce its Q2 deliveries next week. The market consensus compiled by FactSet predicting a year-over-year decline of 6.5% to 436,000 vehicles.
@103548761: will next week after 3/7 drop drastically? is it a good time to sell now?
Micron Technology stock was falling 7% Thursday and dragging down the rest of the semiconductor sector with it. Despite its May-quarter earnings beating Wall Street's forecast numbers, Micron was hurt by extremely high expectations for the Semiconductor industry. MarketWatch's Adam Clark said there were high expectations and higher than publically posted analyst earnings estimates that called for more growth. He called these insider estimates "whisper numbers" and said they were "unofficial estimates by analysts that are communicated to some clients."
@BadKidluck: good time to reocover
$Rivian Automotive (RIVN.US)$ climbed more than 30% intraday Wednesday after German car company $VOLKSWAGEN A G (VWAGY.US)$ announced plans for up to a $5 billion investment in the EV maker. RIVN soared as much as 36.7% to a $16.35 intraday high on the joint-venture deal, which gives the EV firm the thing it needs most -- cash. But what Volkswagen receives in exchange is less clear-cut. The carmakers late on Tuesday announced a tie-up aimed at leveraging their different strengths to fix their respective weaknesses in an industry upended by the rise of electric vehicles.
@EZ_money: I'll admit it's brutal but I've been through a hell of a lot worse than this especially when you know the reversal is coming. eventually
MicroAlgo shares faced a trading halt Tuesday after it dropped 7% in five minutes after jumping 140% Tuesday. Masaya Otsuka reported buying a 13% stake in the firm according to an SEC filing last week, and the stock faces higher volatility in stock price with just a 48M market cap.
User said: yikes
DJT faced volatility this week in a lead-up to the presidential debate between owner Donald Trump and President Biden. The stock fell Friday following the event, down about 11%.
@Ultratech: too bad no one warned you. o wait I did
Apple launched its artificial intelligence strategy by announcing a partnership with ChatGPT-developer OpenAI. The iPhone maker also held discussions with Meta Platforms and AI start-ups Anthropic and Perplexity over potentially bringing their technology to its Apple Intelligence platform, The Wall Street Journal reported. The firm hopes to encourage choice with the inclusion of multiple options for AI software- whether Microsoft-backed OpenAI or Alphabet's Google AI.
@Gleeeee : Total newbie in the market, never thought of initiating a trade due to complicated UI and lack transparency, till I met Moomoo... ... Thanks Moomoo for everything
Walgreens is looking like the net firm in need of replacement on the Nsadq 100 after yet another bad quarter. The NDX rules are that a company can be dropped if it fails to maintain an 0.1% weighting at two consecutive month-ends and a suitable replacement can be found. Walgreens didn't meet that test at the end of May and likely won't at the end of June.
$Super Micro Computer (SMCI.US)$, the hot maker of servers used to power AI, has seen its stock triple this year. The shares were up 7.1% to $890.36 Thursday and the NDX speculation may have helped. Super Micro's market value is around $52 billion and is the most discussed potential addition to the NDX, which is composed of 100 of the biggest nonfinancial companies in the Nasdaq. Super Micro was added to the S&P 500 index earlier this year.
@peter kim344: A little disappointed today
Thanks for reading!
* All comments, links, and content posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult a qualified financial professional for your financial planning and tax situations.
Awards
Congrats to the following mooers whose comments were selected as the top comments last week!
Weekly Topic
Will ChatGPT ever be good for something outside of answering this weekly quest? Haha
Comment below and share your ideas! We will select up to 15 TOP COMMENTS for a reward next week. Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
Disclaimer:
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Chad Fox : ?$#@$
mr_cashcow : Thanks for the reward points![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Yeah the debate between Biden & Trump was hard to watch between the mumbling and the blatant lies![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Yes here are some potential uses of ChatGPT:
As new technology advances, we can expect to see even more innovative applications across various industries as different companies starts applying AI into their workflow
In the far future we might even see AI running an entire country like in season 3 of westworld, I mean what could go wrong as we have time and time again seen how "efficient" it is for humans to run a country why not let AI have a turn
Ultratech mr_cashcow : no one likes biden but trump is a mortal sinner ppl kneel before
EZ_money Ultratech : nobody kneeling, mortal sinner? stop listening to CNN
Ultratech EZ_money : i don't follow news like that. Trump is conman.
Ultratech EZ_money : I'm not into politics. I don't like trump because I believe in God and he displays antichrist characteristics and I think it's disturbing people idol worship him as their savior.
ZnWC : Thanks for the rewards points![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
As for the debate, both sides claim they won hence it depends on what you believe ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
ChatGPT is an AI chatbot with natural language processing (NLP) that allows you to have human-like conversations to complete various tasks. According to ZDNet, we can use ChatGPT to do the followings:
Write an essay
Create an app
Write code
Build your resume
Write Excel formulas
Summarize content
Write a cover letter
Start an Etsy business
Create charts and tables
Write Arduino drivers
Browse the web
About 4 months ago, it was announced that ChatGPT can generate images using DALL-E 3. Microsoft's Copilot offers free image generation, also powered by DALL-E 3, in its chatbot. In June 2024, Apple announced to integrate ChatGPT with Siri which deems a task better suited for ChatGPT.
The list can go on. Personally I have used it to write a poem about Moomoo. Read here: Moomoo ... forever
I am not surprised that in the near future we have ChatGPT financial advisor, architect, doctor etc. The possibility of what ChatGPT can do is limited by how well the AI understands the real world (generative intelligence) and safety (regulatory) issue.
102362254 : Sure thing! ChatGPT's potential goes far beyond just answering questions. It can assist with writing, brainstorming, learning new topics, providing recommendations, and more. Its versatility makes it useful for a wide range of tasks beyond this weekly quest. But it will be more refreshing to see authentic ideas and perspectives that aren't solely generated by ChatGPT, rather than a continual stream of similar AI-assisted content in comments week after week.
steady Pom pipi : OMG, I'm behind, I'm not using ChatGPT.
I think artificial intelligence helps us a lot, but if we rely too much on it, it can cause people to think less well or lose their minds, because no matter what happens, we always think first that artificial intelligence will solve our problems. Over time, if artificial intelligence gives the wrong answer one day, I wonder if people will blindly follow suggestions. Or if there are people with bad intentions using artificial intelligence to mislead others, how should we tell the difference.
HuatLady : On one hand, ChatGPT's capacity to gather and synthesize information extends well beyond answering weekly questions. It could support research, provide personalized learning experiences, and even contribute to innovative projects. However, there are legitimate concerns regarding the integrity and accuracy of its outputs when tasked with complex duties outside its primary functions. It boils down to striking a balance between expanding its capabilities and maintaining reliability.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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