Buy these 5 “freedom stocks” now (before December 10th) (from Tim Bohen)
Big week in tech.
Oil prices are looking shaky. AI is making our Thanksgiving photos.
Here's what happened while you were probably thinking about turkey and travel plans.
Alphabet Eyes $4 Trillion Club
Alphabet is closing in on a $4 trillion market cap.
$GOOGL ( ▲ 1.43% ) jumped over 9% this week after the company showed off Gemini 3 and announced talks with Meta.
A deal to use Google’s TPUs for Meta’s AI models could be worth billions and challenge Nvidia dominance. Meta needs cheaper ways to train AI models. Google needs customers for chips they built for themselves.
Key Points:
Meta $META ( ▲ 0.24% ) is in talks to use Google’s chips
$GOOGL hit all-time-high nearly $332 this week
Google's TPU chips cost less than Nvidia's
Deal could reshape the AI chip market
Nvidia Reacts
Google and Meta. This is the kind of deal that moves markets.
After losing $250 billion in market value this week, Nvidia released a statement saying competition is healthy and expected. Seems they're worried. Competition shows up.
Key Points:
Meta spends over $20 billion a year on chips
Nvidia's stock dropped 4% on the news
Profit margins under pressure for first time in years
$NVDA ( ▲ 1.38% ) still up nearly 34% YTD
Trump’s Genesis Mission
President Trump signs an executive order calling for the Genesis Mission (White House)
Trump just changed the quantum game. His Genesis Mission picks winners: Quantinuum, IBM, Google, Microsoft, and NVIDIA get access to $1.7 trillion worth of federal labs.
Key points:
Government validation beats market hype
The list is the message
The hype cycle just hit reality
AI Thanksgiving Photos
As you celebrate Thanksgiving, Robert F Kennedy Jr. shared a photo of him enjoying a Thanksgiving meal with President Trump and Elon Musk. Real or AI image?
Google's Gemini AI made them. They looked real enough that thousands of people shared them thinking it was an actual photo.
Key Points:
Photo matches Trump Jr's 2024 'Make America Healthy Again' post
Most people can't tell the difference
Election year is coming up
JPMorgan: Oil Could Crash 50%
JPMorgan just dropped a forecast that would change everything. They think oil could fall to $50 a barrel within two years. Right now it's around $59.
Lower oil means lower costs for shipping, manufacturing, and airlines. But it also means pain for energy companies and their investors.
Key Points:
OPEC losing control of prices
U.S. producing record amounts
EVs cutting demand faster than expected
Global economy slowing down
The Bottom Line
Tech keeps winning. The AI chip race is heating up. Oil producers might be in trouble.
If you own Nvidia, maybe don't check your account today.
If you own Alphabet, you're probably smiling. And if you're thinking about energy stocks, JPMorgan just gave you something to think about.
Next week we'll see if these trends hold or if the market has other plans.
Need to Know
Insiders Abandon NVIDIA for Hidden Winner (Behind The Markets)
