A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY
Here's a full recap:
1. $NVDA Huawei is set to begin mass shipments of its new 910C AI chip to Chinese customers as early as May, according to sources cited by Reuters. The launch comes shortly after the U.S. imposed stricter export controls on $NVDA Nvidia’s H20 chip, prompting Chinese AI firms to seek domestic alternatives. The 910C combines two 910B processors in a single package, delivering performance on par with Nvidia’s H100. With access to Nvidia’s top-tier chips now heavily restricted, Huawei’s 910C is poised to become a key solution for China’s AI developers. Nvidia was down 4.5% today.
2. $TSLA Tesla reports Q1 2025 earnings tomorrow. The street is expecting $0.46 a share in EPS and $22.46B in revenue. Last year in Q1, Tesla did $0.45 of EPS and $21.3B in revenue, so if they hit expectations, they company will show little to no growth. Investors are questioning where a surprise beat could come from the energy or robotics division. If not, the earnings call likely will be the barometer on how the market feels about Elon Musk spending much of his time at DOGE and if the growth story for 2025 will at all be affected by tariffs, potentially causing a delay in the next gen affordable vehicle. Tesla was down 5.75% today.
3. $MSTR MicroStrategy has purchased an additional 6,556 Bitcoin for approximately $555.8 million, at an average price of around $84,785 per coin. As of April 20, the company now holds a total of 538,200 Bitcoin, acquired for roughly $36.47 billion at an average cost of $67,766 each. Year to date, Bitcoin has gained 12.1%.
4. xAI is now developing Colossus 2, its next-generation AI supercomputer cluster, which will be significantly larger and more powerful than Colossus 1—the current world leader, equipped with 200,000 Nvidia GPUs. Two months ago, Elon Musk publicly stated that xAI’s upcoming training cluster is expected to feature 1 million GPUs, with an estimated value between $25 billion and $30 billion. “We’re already working on the next training cluster,” he confirmed.
5. $AMZN Raymond James has downgraded Amazon from "Strong Buy" to "Outperform" and lowered its price target from $275 to $195, citing concerns that the market is underestimating EBIT pressure in 2025–2026. The firm reassessed Amazon’s investment cycle—including spending on supply chain, logistics, AI, and other initiatives—and believes rising investment intensity, coupled with macro uncertainty and tariff risks, could weigh on profitability. While still positive on Amazon’s long-term AI potential, Raymond James sees limited progress in monetization and heightened short-term risk. The firm favors alternatives like Meta, Uber, and MercadoLibre, which offer clearer paths to returns and more defined risk profiles.
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