The Rundown SoftBank to Invest $100B in U.S., Drone Stocks Take Off
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Dec 17, 2024 Explore the stock market's recent highs, especially driven by tech giants like Apple and Tesla. Dive into SoftBank's bold $100 billion investment in U.S. projects, focusing on AI and new technologies. Discover Waymo's expansion for autonomous vehicle testing in Tokyo and the soaring interest in drone stocks, highlighted by Red Cat Holdings' surging shares. Finally, uncover market movements in the drone and insurance sectors, alongside surprising trends in app downloads that hint at broader shifts in the tech landscape.
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Tech Stock Performance
- Big tech stocks like Apple, Google, and Tesla hit record highs, with Broadcom surging past a $1 trillion market cap.
- Nvidia, however, experienced a correction, dropping 10% from its November peak.
Broadcom's Rise
- Zaid Admani admitted to previously underestimating Broadcom, but their recent 40% surge in a week changed his perspective.
- Broadcom's rapid growth has captured investor attention.
TikTok Ban and Trump
- TikTok seeks Supreme Court intervention to block a ban set for January 19th, citing First Amendment violations.
- Despite bipartisan support for the ban due to national security concerns, TikTok CEO met with Donald Trump, who expressed a "warm spot" for the app.