To The Moon

Tesla, the top stock by trading volume on Monday, closed down 3.27% with a turnover of $29.858 billion. Due to delays in the Cybertruck project and adjustments to Tesla's production strategy, a contract for high-nickel cathode materials worth 3.83 trillion won with its supplier, South Korea's L&F, was slashed to a mere 9.73 million won, a reduction of approximately 99%. This material was originally intended for Cybertruck batteries, but the model's delay and a shift in consumer preferences led to a sharp decline in actual demand. Furthermore, policy changes such as the Inflation Reduction Act have also impacted Tesla's procurement plans. Additionally, it was reported that Cathie Wood sold another $30 million worth of Tesla stock. NVIDIA, the second most traded stock, closed down 1.21% with a turnover of $22.354 billion. The company announced on Monday that it had completed the acquisition of $5 billion worth of Intel stock, finalizing a deal agreed upon in September. NVIDIA had previously announced in September that it would acquire Intel common stock at a price of $23.28 per share. In its Monday announcement, NVIDIA indicated that the transaction was conducted as a private placement, through which it purchased over 214.7 million Intel shares at the price stipulated in the September agreement. The U.S. Federal Trade Commission (FTC) had already issued an announcement in early December, approving NVIDIA's investment in Intel. Micron Technology, the third most traded stock, closed up 3.41% with a turnover of $7.485 billion. Brokerage firm Wedbush recently stated that demand for the company's server and memory chips shows no signs of slowing down. Broadcom, the fourth most traded stock, closed down 0.78% with a turnover of $7.289 billion. According to a source involved in the negotiations, Microsoft is in talks with Broadcom to co-design future custom chips; if the partnership is secured, Microsoft would switch from its current custom chip supplier, Marvell, to Broadcom. These talks occur against a backdrop of surging demand for custom chips, as companies like Microsoft race to acquire more semiconductors to expand their artificial intelligence (AI) product offerings. NVIDIA currently dominates the semiconductor market, while Broadcom is seen as one of its most competitive potential rivals. Meta Platforms, the seventh most traded stock, closed down 0.69% with a turnover of $5.505 billion. According to two sources involved in the related negotiations, Marvell recently agreed to waive some upfront engineering fees for chip design in an effort to secure more business from Meta. Separately, three sources involved in the chip's development revealed that Meta plans to launch this custom chip in 2027. Microsoft, the eighth most traded stock, closed down 0.13% with a turnover of $5.266 billion. Palantir Technologies, the ninth most traded stock, closed down 2.40% with a turnover of $4.912 billion. As of December 8th this year, retail investors have poured nearly $8 billion into Palantir Technologies stock. This figure represents growth of over 80% compared to the previous year and a staggering increase of more than 400% compared to 2023. The astonishing gains driven by the AI boom in recent years have made this stock an undeniable star in the retail investment world, despite Wall Street's persistent concerns about its valuation. Oracle, the thirteenth most traded stock, closed down 1.32% with a turnover of $2.803 billion. NVIDIA recently announced over ten partners, including CoreWeave and Oracle, to prepare for ultra-high-density computing environments featuring an 800-volt DC power architecture and a power density of 1 megawatt (MW) per rack. Strategy, the sixteenth most traded stock, closed down 2.16% with a turnover of $2.156 billion. It was reported that the company increased its cash reserves to $2.19 billion over the past week and paused its purchases of Bitcoin. The world's largest digital asset reserve company appears to be bracing for a prolonged crypto winter. According to a filing with the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy raised $748 million through the sale of common stock in the seven days ending December 21st. In the preceding two weeks, the company had purchased approximately $2 billion worth of Bitcoin, bringing its total Bitcoin holdings to around $60 billion. Earlier this month, Strategy established a $1.4 billion reserve fund to cover future dividends and interest payments, aiming to alleviate market concerns that it might be forced to sell Bitcoin if token prices continue to fall. It is understood that the free cash flow generated by the company's software business is insufficient to cover dividend or interest payments. TD Cowen analyst Lance Vitanza noted that Strategy has annual interest and dividend payments of approximately $824 million. Robinhood, the twentieth most traded stock, closed down 0.59% with a turnover of $1.769 billion.