Rivian is going public on Wednesday, Nov.10th
join the discussion and post your thoughts!
$Rivian Automotive(RIVN.US)$ , the electric vehicle maker backed by $Amazon(AMZN.US)$ and $Ford Motor(F.US)$ , priced its IPO on Tuesday at $78 a share. The deal values Rivian at $66.5 billion.
Rivian is already worth almost as much as Ford ($79 billion) and General Motors ($85 billion). That’s all before the company has even started generating real revenue. $Lucid Group(LCID.US)$ is worth $72.5 billion even though the company just began production of its first cars. $Nikola(NKLA.US)$ ’s market cap was higher than Ford’s at one point last year before it's been accused to be a lie.
While Rivian is still effectively pre-revenue, the company said in its prospectus that it has a backlog of 55,400 pre-orders for its R1T and R1S electric vehicles. The company said it expects to fill those orders by the end of 2023. Additionally, $Amazon(AMZN.US)$ has ordered 100,000 vehicles to be delivered by Rivian by 2030, and the companies plan to have 10,000 new Rivian-Amazon delivery vehicles on the road as early as next year.
Even though Rivian and Lucid have delivered 0 vehicles to their customers. Investors are continuously trying to hop on "the next Tesla" at the early stage.
Join the Rivian IPO discussion now>>
Source:
Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billion

$NIO Inc(NIO.US)$ up

$TENCENT(00700.HK)$ any new games coming out?

Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Every major index moved higher last week. Here is the weekly buzzing stock list of last week:
1. CEI - Buzzing Stars: ⭐⭐⭐⭐⭐
CEI finally closed at $1.370 last week after declining 19.88%. According to Kerrisdale Capital, this company is a defunct oil producer that has not filed financial statements with the SEC since Q3 of 2020, which could also lead to a delisting.
● Mooers comment
@khim khim: $Camber Energy(CEI.US)$ current situation of holding and buying looking good.
@GC Empire: $Camber Energy(CEI.US)$ be optimistic but don’t be too optimistic! just fingers crossed and hold!!!!!
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
Shares of AMC gained 9.55% to $40.740 last week, being the first time since the end of September that the stock had finished higher than $40.00 at the closing bell.
● Mooers comment
@MindOverMatter: $AMC Entertainment(AMC.US)$
@Selinna Puliston: $AMC Entertainment(AMC.US)$ Fasten your seatbelt.Fly to the moon
3. TSLA - Buzzing Stars:⭐⭐⭐⭐
TSLA stock closed at $843.030 with a weekly rise of 7.33%, extending its recent surge to an eight-month high last Friday. This electric vehicle giant prepares to release its quarterly results, and Jefferies analyst Philippe Houchois raised the price target from $850 to $950.
Besides, Elon Musk now worth more than Warren Buffett and Bill Gates combined thanks to strong Tesla, SpaceX.
● Mooers comment
@gooup8: $Tesla(TSLA.US)$ Tesla launched 66 new super charging stations and 10 super charging stations this week
In case you missed:
@moo_Live: Tesla Q3 2021 Earnings Conference Call
4. OCGN - Buzzing Stars: ⭐⭐⭐⭐
:In recent days, Ocugen shares have begun to pick up speed. The stock price closed at $8.660 after gaining 22.49% last week, driven by optimism on OCGN about a possible World Health Organization authorization.
● Mooers comment
@PurnenduP: WHO Approval
This is bound to get approval . 50% of India’s 1.4 billion population (700 million ) people have received this vaccine… Read more..
5. C6L - Buzzing Stars:⭐⭐⭐
As Singapore is set to expand its quarantine-free vaccinated travel lane scheme, Singapore Airlines share price soared 8.19% and closed at $5.550 last week.
● Mooers comment
@上了贼船888: $SIA(C6L.SG)$ I support Singapore Airlines, because it represents hope, and when it flies high, it also means that people all over the world can fly freely, so no matter how long it takes, you can't give up.
@hp786d: $SIA(C6L.SG)$
6. AAPL - Buzzing Stars: ⭐⭐⭐
Despite Bloomberg reported that Apple could slash projected iPhone 13 production targets by up to 10 million units for 2021, AAPL stock was up 1.36% last week, and its price closed at $144.840.
● Mooers comment
@moo_Live: Apple Event October 2021
7. PROG - Buzzing Stars:⭐⭐⭐
PROG shares soared 58.52% to $2.140 last week after a post recently went viral on the subreddit /shortsqueeze talking about the company being a short squeeze opportunity.
8. BABA - Buzzing Stars:⭐⭐⭐
BABA stock closed at $168.000 with a weekly increase of 4.01% with the news of Charlie Munger (Warren Buffet's right-hand man) having majorly increased his firm's holding in BABA in the last quarter.
● Mooers comment
@PREMOSULTRAA: $Alibaba(BABA.US)$ reversed into an uptrend on Oct. 5 after reacting to a bullish double bottom pattern on the daily chart. The stock inclined over 20% and through two resistance levels before bumping into a higher resistance zone on Oct. 11 near the $170 level and rejecting the area. Read more...
9. BBIG - Buzzing Stars:⭐⭐⭐
BBIG stock was up 64.27% to $8.230 over the past week after this company filed a form 8-K with the U.S. Securities and Exchange Commission, indicating that all four proposals on the agenda for its shareholder meeting were approved. These proposals include electing new directors and confirming a new public accounting firm.
● Mooers comment
@extra pocket money: $Vinco Ventures(BBIG.US)$ Not bad already, considering my track record. Let's see how it goes next week.
10. NIO - Buzzing Stars: ⭐⭐
NIO shares were up 5.25% to $37.710 last week following reports suggesting the company said it would be able to double annual production capacity at its Hefei facility in 2022.
● Mooers comment
@huatSG: $NIO Inc(NIO.US)$ nio day bring fwd 1 month earlier!
Thanks for your reading!
Awarding Moment
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
@HopeAlways @VCSuccess @Jia Yung @Tupack H Mcsnacks @GratefulPanda @GlenPeh @pennypincher @Mars Mooo @Upncoming1841 @Laughing Dollars @PirateyAhoy @71505958 @Syuee @GT1982
We really appreciate your great insights! Read the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your view on:
""How do you deal with risks in investing?"
We will select 20 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Top Comment Technique:
● Fundamental / Technical / Capital Analyses
● Personal Trading Experience
● Any bright insights or knowledge
Previous of WeeklyBuzz
Weekly Buzz: "I'm not mad. I'm just disappointed."
Weekly Buzz: Doraemon met moomoo figurines.
Weekly Buzz: The level of rich I wanna be.
Disclaimer: Comments below are made available for informational purposes only. Before investing, please consult a licensed professional.

For beginners, placing an order sometimes can be a difficult task.
In this video, we will guide you on how to place a market/limit order. 
Follow us for more tutorials. 
For more guides, please refer to moomoo courses at  https://live.moomoo.com/college 
Have fun with your financial journey on moomoo!
  $AMC Entertainment(AMC.US)$   $Tesla(TSLA.US)$   $S&P 500 Index(.SPX.US)$   $SPDR S&P 500 ETF(SPY.US)$   $Nasdaq Composite Index(.IXIC.US)$