Despite a drop in net income and stock price due to heavy AI investments and competition, Alibaba's AI cloud business and product sales show strong growth, making it a long-term buying opportunity for the creator.
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Stock Market Weekly! - NVIDIA's New Controversy 😡 Alibaba Earnings 📉 FED Raises Inflation Forecast 😬
The creator plans to bring back a weekly stock market update series, covering major indices, economic news like the Fed's inflation forecast, and individual stock performance. This week's update highlights Nvidia's new AI technology and massive order projections, Uber's investment in Rivian for robo taxis, and earnings reports from Micron, FedEx, and Alibaba, with the creator sharing their personal investment views on several of these companies.
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FedEx beat earnings expectations due to strong efficiencies from AI and autonomous investments, leading to an almost 10% stock surge.
Micron reported huge earnings driven by AI memory demand and increased its dividend, but investors are wary of future oversupply and high capex, leading to a flat stock performance.
Elevated interest rates are a headwind for Tesla, making car leasing more expensive and potentially hurting demand and margins, suggesting they would prefer lower rates.
Uber's move into robo taxis via Rivian is a positive step towards competing with giants like Tesla, and the stock has performed well despite recent dips.
Uber's billion-dollar investment in Rivian for 50,000 robo taxis provides a crucial lifeline and potential for scaling production, despite Rivian's past struggles.
Nvidia's new AI platform and impressive order projections make it a strong investment, further strengthening its competitive moat despite a recent stock dip.
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