Nvidia CEO: E.I. Will Be as Common as Cars Today

E.I. isn't science fiction anymore. It's already here. And one little-known company is quietly supplying the systems behind it. This stock is still under Wall Street's radar... but not for long. You'll get the name, the ticker, and the full thesis inside.

Benzinga Bulls And Bears: Amazon, Tesla, Rivian, Palantir And How Dogecoin Helped Low-Income Families Achieve Homeownership

Michael Cohen
November 30, 2024

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

The Dow rose 1.4% this week, lifting its November gain to 7.5%, while the S&P 500 and Nasdaq Composite advanced 1.1%, ending the month up over 5% and 6%, respectively, marking the Dow and S&P 500's best months of 2024.

In a shortened trading week, President-elect Donald Trump shook markets by announcing a 25% tariff on imports from Mexico and Canada and a 10% hike on Chinese goods, aiming to address drug trafficking and illegal immigration.

The Mexican peso and Canadian dollar tumbled to multi-year lows before stabilizing as investors reassessed the potential impact. Despite trade war concerns, broader equity markets remained strong, with small-cap stocks, tracked by the iShares Russell 2000 ETF, surging to fresh all-time highs.

Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.

The Bulls

Elon Musk Is Responsible For Palantir Stock Rally, Jim Cramer Says,” by Adam Eckert, highlights Jim Cramer attributing Palantir Technologies Inc.‘s (NASDAQ:PLTR) 275% YTD rally to Elon Musk's influence in the Department of Government Efficiency, which is expected to bolster Palantir's defense-related AI business.

Amazon’s $8 Billion Investment In AI Developer Anthropic ‘Mutually Beneficial,’ Says Analyst,” by Erica Kollmann, reports on Amazon.com, Inc. (NASDAQ:AMZN) expanding its AI partnership with Anthropic through an $8 billion investment, as a BofA Securities analyst highlights benefits for both, including enhanced AWS capabilities and cost savings for Anthropic's model training using Amazon’s custom Trainium chips.

Surge In Bitcoin, Dogecoin And Other Cryptos Boosting Home Ownership Among Low-Income Americans, Says Treasury Department,” by Aniket Verma, highlights a U.S. Treasury report linking gains in Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) to increased homeownership among low-income households, with areas heavily invested in crypto seeing homeownership rise from 4.1% in 2020 to 15.4% in 2024.

For additional bullish calls of the past week, check out the following:

AMD Teams Up With Taiwan Semi To Take On Samsung In Smartphone Market

‘It’s The Most Wonderful Time Of The Year’ For The Stock Market, History Says

The Bears

Rivian CEO, Tesla Exec Slam Restrictions On Direct-To-Customer Sales: RJ Scaringe Says It Is ‘As Close As You Can Get To Corruption’,” by Anan Ashraf, highlights Rivian Automotive Inc. (NASDAQ:RIVN) CEO RJ Scaringe and Tesla Inc. (NASDAQ:TSLA) executive Sendil Palani criticizing state laws barring direct-to-consumer sales, calling them anti-competitive and driven by dealer-backed lobbying, with Scaringe describing the system as "close to corruption."

';Pharma Bro' Martin Shkreli Tells Investors To ';Short SAVA,' Stock Falls Over 80% After Phase 3 Update,” by Chris Katje, details Martin Shkreli's accurate prediction of an 80% drop in Cassava Sciences Inc. (NASDAQ:SAVA) stock after Phase 3 results for its Alzheimer's drug Simufilam failed to meet primary endpoints, leading to widespread investor disappointment.

Nano Nuclear Stock Plunges After $60 Million Private Placement Offering: Details,” by Lekha Gupta, reports Nano Nuclear Energy Inc. (NASDAQ:NNE) stock dropped following a $60 million private placement involving 2.5 million shares at $24.00 each and 2.5 million warrants at $26.00, raising cash reserves to over $120 million to support microreactor advancements and strategic growth plans.

For more bearish takes, be sure to see these posts:

Larry Summers Warns Trump Policies Could Push Prices Higher Than Biden’s Actions: Markets Not A Good Predictor Of Inflation

Peter Schiff Warns Trump’s Bitcoin Support Could Lead To Economic Chaos, Make America ‘Weaker’ As Wall Street Misallocates ‘Bigly’

Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement

Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.

Image created using artificial intelligence via Midjourney.

Continue Reading...

Popular

Amazon's $150 Billion AI Capex Surge Could Force Its First Big Bond Deal In Years

Amazon may need to tap Wall Street for funds as it faces rising AI and data center spending, despite sitting on $84 billion in cash.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough - Ad

For decades, toxic chemotherapy defined cancer care. This biotech's innovative approach could finally change that. With early results showing precision without poison, this story is one investors will want to see early.

Shaquille O'Neal's $180,000 Range Rover Stolen in Suspected Hacker Heist

The custom Range Rover belonging to Shaquille O'Neal has been stolen, reportedly due to a cyber attack.

Wall Street Enters Its Strongest Month: These 7 Stocks Often Crush It

November is historically Wall Street's strongest month. These 7 stocks often delivered standout gains in recent decades.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

2,000 mink released from Iowa farm in what trade group calls 'terrorist act'

One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law.

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger - Ad

Since Amazon's IPO in 1997, it climbed enough to turn $100 into $250,000. Now, one man says Elon Musk could be gearing up to take his internet satellite giant public... in what Fortune magazine says will be the biggest IPO in history! James Altucher is sharing how ANYONE can get a pre-IPO stake... with as little as $100!

IRS Direct File won't be available next year. Here's what that means for taxpayers

WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Pete Hegseth Says War Department Preparing For 'Action' In Nigeria

U.S. Defense Secretary Hegseth agrees with Trump's order to prepare for action in Nigeria to stop the killing of Christians by Islamist militants.

Why Did MediciNova Stock (MNOV) Jump Over 87% In After-Hours Trading?

MediciNova shares soared over 87% in after-hours trading on Thursday following the publication of promising research.

Jensen Huang's Secret Masterplan Revealed - Ad

NVIDIA's revolutionary new invention just solved the #1 chokepoint that's been strangling big AI companies. And Tech legend Jeff Brown - the Silicon Valley insider who called NVIDIA before it skyrocketed more than 30,000%... says a shocking announcement by NVIDIA CEO Jensen Huang could make a lot of early investors rich.

Edmunds compares the new BMW X3 and Mercedes-Benz GLC

Compact luxury crossovers are ideal if you’re seeking a compelling blend of utility and style without having to pay full-size luxury SUV pricing. The has been a front-runner since the original model’s introduction in 2003, but it continues to face stiff competition from the .

NFL owners approve sale of 10% of the New York Giants to Julia Koch and her family

NEW YORK (AP) — NFL owners voted to approve the to Julia Koch and her family, Commissioner Roger Goodell said Wednesday.

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

Terns Pharmaceuticals' Leukemia Drug Seen As Potential Disruptor In CML Treatment Landscape, Analyst Upgrades

Terns Pharmaceuticals shares rise after TERN-701 shows a 75% response rate in the CML trial, and William Blair upgrades the stock to Outperform.

A Patented Platform Built for Scale-Early Investors Are Taking Notice - Ad

Backed by seven U.S. patents, this biotech's breakthrough aims to improve the delivery of existing and future cancer drugs-unlocking multiple licensing and revenue paths along the way.

Samsung reports 32% rise in operating profit, predicts continued AI-related growth

SEOUL, South Korea (AP) — Samsung Electronics on Thursday reported a 32.5% increase in operating profit for the third quarter, driven by rebounding demand for its computer memory chips, which the company expects will continue to grow on the back of artificial intelligence.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Nasdaq Surges Over 100 Points, Records Gains In October: Greed Index Remains In 'Fear' Zone

CNN Money Fear and Greed index remained in Fear zone on Friday. US stocks closed higher, Nasdaq up 4.7% in October. Amazon reported earnings.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Ford Stock Is Racing Higher Tuesday: What's Driving The Action?

Ford shares are trading higher on Tuesday, moving in tandem with General Motors after the automaker raised its full-year earnings guidance.

Elizabeth Warren Warns GENIUS Act Could 'Blow Up Our Entire Financial System' Without Tougher Rules

Elizabeth Warren warns the GENIUS Act may risk U.S. financial stability, urging Treasury to tighten rules on Trump-backed stablecoins.

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

E.I. isn't science fiction anymore. It's already here. And one little-known company is quietly supplying the systems behind it. This stock is still under Wall Street's radar... but not for long. You'll get the name, the ticker, and the full thesis inside.

USDA is reopening some 2,100 offices to help farmers access $3B in aid despite the ongoing shutdown

The Agriculture Department will reopen about 2,100 county offices all across the country Thursday despite the to help farmers and ranchers get access to $3 billion of aid from existing programs.

What to know as the annual sign-up window for health insurance arrives

Higher prices, less help and all hang over health insurance markets as shoppers start looking for coverage this week.

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough - Ad

For decades, toxic chemotherapy defined cancer care. This biotech's innovative approach could finally change that. With early results showing precision without poison, this story is one investors will want to see early.

Hedera Gets Its First ETF: Canary's HBAR Fund Lets Investors Tap Into The Tokenization Boom

Canary Capital Group’s new fund, the Canary HBAR ETF (NASDAQ:HBR), launched on Oct 28, marking a significant expansion of investors’ access to digital assets outside of Bitcoin and Ethereum.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

Wedbush analysts Dan Ives and Scott Devitt raise the price target on Amazon stock from $330 to a Street high of $340

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger - Ad

Since Amazon's IPO in 1997, it climbed enough to turn $100 into $250,000. Now, one man says Elon Musk could be gearing up to take his internet satellite giant public... in what Fortune magazine says will be the biggest IPO in history! James Altucher is sharing how ANYONE can get a pre-IPO stake... with as little as $100!

Court Blocks Trump's SNAP Reductions, But Stricter Eligibility Rules Begin

New work requirements for SNAP begin Saturday, but benefits may not be issued through November due to the government shutdown.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service