Amazon's Jeff Bezos is investing millions into a new Nvidia rival...

It's clear that powerful headwinds are headed for NVDA in 2025. Analysts on and off Wall Street say to load up on THIS ticker instead.

It's an under-the-radar AI stock that just hit a 52-week high, even as NVDA stumbled. (ad)

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 40.71% for Week of December 19 2024

Market Wrap:

• Futures fell as traders eyed the Fed's inflation gauge. Dow -0.2%, S&P -0.3%, Nasdaq -0.6%.

• House funding bill failed, risking a Friday shutdown.

• Dow broke 10-day losing streak Thurs., up 15 points; yields surged.

• November PCE inflation seen rising 0.2% monthly, 2.5% yearly; core at 2.9%.

• Weekly losses loom: S&P, Dow -3%, Nasdaq -2%.

EARNINGS

Nothing watched today. See full Calendar »

HEADLINES

Trump-Backed Spending Deal Fails in House as Shutdown Nears

Teamsters Launch an Amazon Workers Strike in an Effort to Disrupt Christmas

• Stocks end flat after Fed-induced selloff as early bounce fades (more)

• 10-yr Treasury yield above 4.5% after Fed signals slower rate cutting cycle (more)

• Dollar set to end week on a high, yen at five-month low (more)

• Oil prices fall on demand concerns (more)

• Asian stocks fall ahead of US inflation data (more)

• EM central banks ramp up currency defense as dollar surges ahead (more)

• Bezos and Trump met for dinner at Mar-a-Lago, joined by Elon Musk (more)

• FedEx to spin off its freight trucking business (more)

• Nike warns its turnaround will be a slog, after results beat expectations (more)

• Starbucks workers' union to strike in LA, Chicago, Seattle before Christmas (more)

• Dollar Tree names Michael Creedon as permanent CEO to steer turnaround (more)

• Trump transfers all his DJT shares to his revocable trust, SEC filings show (more)

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M+A | Investments

• TPG in advanced talks to buy Crown Castle fiber unit for $8 billion (more)

• Big Lots plan to sell business to Nexus Capital falls apart (more)

• Navantia to buy shipyards of Titanic builder Harland & Wolff (more)

• Wesfarmers to sell Coregas to Nippon Sanso for $480M (more)

• Buildforce, a platform connecting electricians with top electrical contractors, acquired Ladder, a YC-backed tech-enabled construction labor marketplace (more)

• Opswat, a company specializing in critical infrastructure protection acquires Fend Incorporated, a data pipeline and cybersecurity company (more)

• Apollo Care, a provider of patient access and analytics solutions, received a growth equity investment from Flexpoint Ford (more)

• Nymbl Systems, a provider of cloud-based practice management software for home medical equipment providers, received an equity investment from Frontier Growth (more)

• Tessera Therapeutics, a biotech company providing genome engineering through the development of its Gene Writing™ and delivery platforms, received an investment from Bill & Melinda Gates Foundation (more)

VC

• SmartAC.com, a company specializing in customer loyalty management for contractors, raised an undisclosed amount in funding (more)

• SandboxAQ, a company delivering solutions at the intersection of AI and quantum techniques, raised more than $300M in funding (more)

• Fervo Energy, a geothermal development company, raised additional $255M in funding (more)

• ŌURA, the company behind Oura Ring, a smart ring, raised $200M in Series D funding (more)

• Ottimo Pharma, a private biotech company, raised over $140M in funding (more)

• Remodel Health, an individual coverage health reimbursement arrangement provider for brokers, raised more than $100M (more)

• Decart, an AI research lab, raised $32M in Series A funding (more)

• Bureau, a platform for businesses to prevent fraud during online transactions, raised $30M in Series B funding (more)

• Plume, a provider of an integrated modular Layer-1 blockchain focused on Real World Asset Finance, raised $20M in Series A funding (more)

• Hauler Hero, a tech platform that helps waste management companies scale their businesses, raised $10M in Seed funding (more)

• Jome, an AI-powered real estate marketplace that helps buyers find and purchase new construction homes, raised $9.8M in Series A funding (more)

• Mojave, an air conditioning company, raised $9.5M in Series A funding (more)

• Culina Health, a provider of a digital platform for clinical nutrition care, raised $7.9M in Series A funding (more)

• Mantis Robotics, a Physical AI for robotic automation company, raised $5M in funding (more)

• TripSuite, a provider of a software platform for travel agencies, raised $5M in Seed funding (more)

• Jolt Energy Storage Technologies, a company specializing in sustainable organic energy storage materials, raised $4M in Series A funding (more)

• Double, an investment platform, raised $3.9M in Seed funding (more)

• Leap Financial, a fintech startup, raised $3.5M in Seed funding (more)

• Buildpeer, a construction management platform focused on real-time collaboration, raised $2.5M in Seed funding (more)

• Sotelix Endoscopy, a medical device startup, raised $1.7M in Seed funding (more)

CRYPTO

• Bitcoin pullback deepens after token’s record-breaking rally (more)

• More than half of crypto tokens debuted in 2024 were malicious (more)

• Tether removal puts Europe at risk of missing Trump crypto boom (more)

BULLISH BITES

🚨 NVDA: Correction or full-blown crash? *

🏠 Early-Stage: The age of quantum software has already started.

💸 Top This: ETFs broke almost every record imaginable in 2024.

🐣 Gamblers Anonymous: More men are addicted to the ‘crack cocaine’ of the stock market.

☎️ Fast Fashion: The delusion of Amazon Haul.

DAILY SHARES

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