OpenAI -- Valued At $150 Billion? September 25, 2024

Locator: 48396AI.

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Auto Stocks In Reverse
"Fast Money" -- CNBC

After downgrade earlier this morning:

• Rivian: down 7%
• GM: down 5%
• F: down 4%, despite "shockingly" low price; P/E -- "Fast Money" / CNBC

Tesla: could report its best quarter ever. China.

This is truly amazing.

One can really make a good trade by playing the game: "Would you rather....?

• would you rather invest in AI or auto?
• would you rather invest in F or GM?
• would you rather invest in Tesla or Rivian?

Most interesting of the four? Rivian. Rivian has been a darling of Wall Street. I had recently considered buying a small amount of Rivian once a week and building a huge position over time. Sophia talked me out of it. I have no position in Rivian. 

"Fast Money" talk shifts to hybrids. Fake EVs.

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China's Stimulus

At one time, it was predicted that China's economy would overtake that of the US.

It didn't, of course, but that doesn't meant China doesn't still have a huge economy. We've been through this before. 

China will now stimulate its economy. It has no choice. We talked about this years ago.

And amazingly, this is getting less attention on CNBC than what the Fed will do next.

How bad is it? Xi has purged his entire economic team. One would assume the next economic team doesn't want to face the same fate.

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Disclaimer 
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia and large data centers.