$Tesla Motors(TSLA)$ finished up 6.1% on 1.2x average volume, breaking above the Oct 22 high of $388.86 and reclaiming the 200-day SMA at $386.14. Day range was $383.84 to $397.27, staying above the 20-day and 50-day levels at $371.74 and $364.82. Holding $386-389 keeps the breakout intact; losing that area puts it back in the range. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
$Taiwan Semiconductor Manufacturing(TSM)$ AI is barely 4 years into its mainstream boom, and it is still growing exponentially. Companies are investing billions, buying more chips, and expanding AI infrastructure. The main beneficiaries are $NVIDIA(NVDA)$ and TSM. NVIDIA's $235 billion buyback authorization adds another reason to pay attention. Yet investors are selling? Exponential growth, massive investment, soaring demand. Short-term market fear is not the same as the long-term AI opportunity. We are still early.
$Quantum-Si Inc.(QSI)$ $NVIDIA(NVDA)$ The fruits of collaboration are finally starting to show, with investors looking downstream from the AI chips. 20 Amino Acids very soon by year end, and that looks like the next known catalyst.