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Tesla has reached a historical high for the first time in three years! Wall Street significantly raised its targets, and Musk has become the world's richest person with a fortune exceeding 400 billion.
Last week, Bank of America raised the Target Price for Tesla by 14%, and the long-term bearish Analyst Craig Irwin upgraded the rating to Buy, with the Target Price increased by 347%; this week, Morgan Stanley raised the Target Price by 29%, and Goldman Sachs raised it by 38%. Tesla's stock price rose nearly 6% on Wednesday, and Musk, whose personal wealth comes from Tesla Stocks and Options, refreshed the record for the highest personal Assets of the Global richest.
Nasdaq Surges Past 20,000 for the First Time, Powered by Tech Giants | Wall Street Today
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It will take at least another 7 years! Microsoft's AI CEO rebutted Ultraman: current Hardware is insufficient, and AGI won't come that quickly.
The OpenAI CEO expects that AGI could be achieved by 2025, while the Anthropic CEO predicts a time frame of 2026-2027. Microsoft's AI leader Mustafa Suleyman emphasizes that current Hardware cannot achieve AGI, but believes that breakthroughs might occur during the iterations of Hardware technology over the next two to five generations, with a higher probability of reaching AGI within the next five to seven years.
Semi Stocks Rise Helps Propel Nasdaq Above 20,000 Points
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The Nasdaq has historically broken through the 20,000 mark, with stocks of giants like Apple and Tesla reaching new highs.
① On Wednesday during Regular Trading Hours, the Nasdaq Index historically broke through 20,000 points, with an annual increase exceeding 33%. The S&P and Dow Jones have annual increases of 27% and 17% respectively. ② The seven tech giants collectively rose, with Apple, Amazon, Google, Meta, and Tesla all reaching historical intraday highs. ③ The USA's inflation data for November met expectations, with the market anticipating a more than 90% probability of the Federal Reserve lowering interest rates by 25 basis points next Wednesday.
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