Cathie Wood Strengthens AI Chip Holdings With Nvidia And AMD Purchases, Reduces Palantir Position By Another $38.8 Million
Trump wants to amend AI Chip export controls? The U.S. Department of Commerce: Simplifying the 'Biden rules' is beneficial for innovation!
① A spokesperson for the USA Department of Commerce stated that President Trump plans to lift the restrictions on the export of advanced AI Chips instituted during the Biden administration, claiming that Biden's rules are overly complex and will hinder innovation in the USA; ② In January of this year, Biden released the "AI Diffusion Export Control Framework," establishing a "three-tier licensing system" for AI Chips, which limits the amount of advanced AI Chips accessible to various countries and regions.
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U.S. stocks closed with the three major Indexes fluctuating higher, with Google plummeting more than 7%. The Bullish support from the AI Chip helped NVIDIA.
① Apple is promoting a shift to AI search for Safari, causing Google's stock price to fall over 7%; ② Disney's stock price skyrocketed nearly 11%, with the company's second fiscal quarter profits exceeding expectations; ③ NVIDIA rose over 3%, with reports that the USA is considering lifting AI Chip export restrictions.
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Tesla's sales in China decreased by 6% in April compared to the previous year, Stunk continues.
According to data from the China Passenger Vehicle Association (CPCA), U.S. electric vehicle (EV) giant Tesla saw a decrease in passengers carried in China in April as well. The intensified competition with local manufacturers has had an impact. Tesla's sales in China for April were 0.05 million 8459 units, a decrease of 6.0% compared to the same month last year. This represents a 26% decrease from the previous month. Both year-on-year and month-on-month figures have been negative for four consecutive months. While Tesla's market share in China is declining, overall automobile demand is being supported by the government's vehicle replacement assistance program, maintaining a strong level.
An anonymous letter calls for sending away Musk, analyzing the suggestion for Tesla to find a "Cook-style" CEO.
① A public letter claiming to be from a Tesla internal employee demands the company continue its Operation without Musk, believing that Musk's damage to the brand is irreparable; ② Although the authenticity of the public letter is questionable, some analyses suggest that Musk may be weary of addressing electric vehicle manufacturing issues and may need a 'supply chain genius' like Cook to take over.
Palantir Chart Showing 'Classic Double Top' - BTIG