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I miss boat for tech stock boom, can still get in?

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US Stocks:
10 Companies to Watch$1 Trillion TailspinConsumer OptimismBig Tech Risk
Markets

Markets Tear Up the Popular Trades That Reached ‘Stupid Levels’​

  • Assumptions on Fed rate cuts, AI, earnings have been upended
  • Result include yen rally, plunge in large-cap tech stocks

By Phil Serafino
July 25, 2024 at 7:34 PM GMT+8
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The assumptions that have driven this year’s global financial markets are being rapidly rethought.

In bond and currency markets, investors are racing to redeploy money amid mounting doubt over the outlook for the US economy, which has led to speculation that the Federal Reserve may need to cut interest rates faster or deeper than planned.

Helping to drive the shift: A weakening American consumer, which is showing up in a rash of disappointing corporate earnings.
 
Now i got schadenfreude. Hope the stock market crash and burn everybody
Tech stocks just got more attractive when some 750 billion wiped off in a single day. Good entry point now? :coffee::coffee::coffee:
 
Tech stocks just got more attractive when some 750 billion wiped off in a single day. Good entry point now? :coffee::coffee::coffee:
wait a few days. still dropping from the msft and crowdstrike fallout. but keep your gunpowder dry. within 6.9 days can buy at a bargain.
 
That's what Tesla has been trying to say since decades ago but truth is...

81% of Tesla revenue still comes from EV sales in 2023. Although Tesla wants to shift the revenue towards AI products, it is still uncharted territory and pure CSB.

Elon Musk is no Iron Man which only exist in the movies.

From Meta AI:

Tesla's expansion into AI products, such as its upcoming robotaxi service and autonomous driving technology, presents significant growth potential for the company. While predicting stock performance is inherently uncertain, here are some points that could support a potential rise in Tesla's stock price:

1. Growing demand for AI and autonomous technologies
2. Tesla's strong brand and market position
3. Potential revenue diversification beyond electric vehicles
4. Increasing investment in AI research and development
5. Regulatory approvals and partnerships for robotaxi services
6. Expanding software capabilities and subscription-based services
7. Enhanced autonomous driving features and updates
8. Potential for AI-powered data analytics and services

However, it's important to consider the following factors that might impact Tesla's stock performance:

1. Intense competition in the AI and autonomous driving markets
2. Regulatory challenges and potential legal hurdles
3. High development costs and investment requirements
4. Market volatility and economic uncertainty
5. Potential delays or setbacks in AI product development

Overall, while there are valid reasons to be optimistic about Tesla's AI plans, it's essential to maintain a balanced perspective and consider both the opportunities and challenges that lie ahead.
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Great Rotation Trade Sees Investors Dump AI Giants for Less Obvious Stocks​

  • Speculative AI trades seen outside of tech, communications: BI
  • Shares of utilities, property firms have rallied this quarter

By Sangmi Cha, Ivy Chok, and Natalia Kniazhevich
July 26, 2024 at 8:00 AM GMT+8
Updated on
July 26, 2024 at 11:41 AM GMT+8
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Signs that equity investors are getting cold feet over the rapid advances in artificial intelligence leaders have put a spotlight on some less obvious beneficiaries of the technology boom.

A sevenfold surge in shares of Nvidia Corp. since the launch of ChatGPT in late 2022 helped drive a megacap-led rally around the world. But concerns over the sustainability of those gains as well as geopolitical tensions and shifts in global monetary policy are now driving a broadening of the market amid a hunt for new drivers.
https://www.bloomberg.com/tips/
 

Norway's electric car sales set new world record​

September 02, 2024 7:17 AM

FILE - A photo taken on Jan. 20, 2023 shows the logo of German car manufacturer Volkswagen VW on an electric Volkswagen cars ID4 and ID4 GTX at a car dealership in Oslo. Norwegians bought 10,480 new EVs in August, bringing the total to 68,435 since the start of the year.

FILE - A photo taken on Jan. 20, 2023 shows the logo of German car manufacturer Volkswagen VW on an electric Volkswagen cars ID4 and ID4 GTX at a car dealership in Oslo. Norwegians bought 10,480 new EVs in August, bringing the total to 68,435 since the start of the year.
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Oslo —
Electric car sales in Norway took a 94% share of the market in August — a new world record — statistics showed Monday, as sales in the rest of Europe stagnate.
Boosted by the Tesla Model Y, which accounted for 18.8% of sales, and to a lesser extent Hyundai's Kona and Nissan's Leaf, electric vehicles made up 94.3% of new car registrations, the Norwegian Road Federation (OFV) said.
Norwegians bought 10,480 new EVs in August, bringing the total to 68,435 since the start of the year.
Elsewhere in Europe high prices and insufficient infrastructure have hampered sales of EVs, whereas sales of hybrid models, which combine fossil fuel engines with electric batteries, have increased.
The Scandinavian country, a major oil and gas producer, has set a target to sell only zero-emission vehicles by 2025, 10 years ahead of the EU goal.
The country offers generous tax benefits which make electric models competitively priced.
"No country in the world comes close to Norway in the electric car race," OFV director Oyvind Solberg Thorsen said in a statement.
"If this trend continues, we will soon be on our way to achieving our goal of 100% zero-emission cars by 2025," he said.
By comparison, electric cars represented 12.1% of new car sales in the EU in July, behind petrol cars at 33.4%, full hybrids at 32% and diesel cars at 12.6%, according to the European Automobile Manufacturers Association.
 
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