Stock Market Weekly! - Ives calls Palantir Best AI Stock 🏆 Musk says Shut Up! 🗣️ Amazon 41% CRASH 📉

Summary

In this week’s stock market update, the host covers a wide range of topics, from macroeconomic news to individual stock performances. Key highlights include Elon Musk’s heated exchange with Dan Ives over Tesla's direction, the rollout of Gro 4 AI in Tesla vehicles, Nvidia’s $4 trillion market cap milestone, and Amazon's underwhelming Prime Day sales. The video dives into the effects of tariffs, consumer debt, and inflation, while analyzing stocks like Palantir, Uber, and Monster Energy. Despite some stock fluctuations, the market remains buoyed by big tech, particularly in AI advancements.

Takeaways

• 😀 The S&P 500 and NASDAQ performed well this week, with the market continuing to rise on the back of big tech and AI stocks.
• 😀 Trump announced that tariffs will begin being enforced on August 1st, 2025, unless countries sign deals, which may create volatility in global markets.
• 😀 Amazon's Prime Day sales dropped by 41%, which could be attributed to tariffs, but more likely due to consumer debt and limited deals during the event.
• 😀 Consumer debt, particularly credit card debt, is a significant issue that is affecting consumer spending and may continue to impact Amazon and other retailers.
• 😀 Palantir received a positive analyst upgrade, with expectations of it becoming a major AI beneficiary, due to its commercial and government contracts.
• 😀 Dan Ives, a prominent Tesla bull, expressed concerns about Elon Musk's increasing political involvement, suggesting it distracts from Tesla's core business.
• 😀 Elon Musk responded dismissively to Dan Ives' suggestions, including creating a new political party and addressing Tesla's governance structure.
• 😀 Tesla's stock performed well despite political drama, buoyed by the launch of Gro 4 AI, which will soon be integrated into Tesla vehicles.
• 😀 Gro 4 AI, developed by XAI, will enhance Tesla vehicles' capabilities with real-time driving data analysis, dash cam footage interpretation, and more.
• 😀 Nvidia reached a market cap of $4 trillion, becoming the first public company to achieve this milestone, driven by the growing demand for AI technologies.
• 😀 Despite Nvidia's high valuation, analysts believe the company's future potential remains strong, particularly in AI, cloud computing, autonomous driving, and other sectors.

Q & A

What was the performance of the S&P 500 this week?

The S&P 500 was practically flat this week, initially dipping before recovering slightly, ending in the green. This helped it reach another record high.

What major macroeconomic news affected the market this week?

The most notable macroeconomic news was President Trump's announcement that tariffs would start being enforced on August 1st, 2025, if countries didn't reach a deal with the U.S. This created some uncertainty in the market.

How did tariffs impact Amazon's Prime Day sales?

Amazon's sales during the first day of Prime Day fell by 41% compared to the previous year, with tariffs likely playing a role by increasing prices and causing consumers to be more cautious with spending.

What are the two main reasons for the drop in Amazon Prime Day sales?

The two main reasons for the sales drop are consumer debt, particularly with high credit card balances, and the lack of significant discounts on Amazon during Prime Day.

What are analysts saying about Palantir’s future?

Analysts, including Dan Ives from Wedbush, are bullish on Palantir, predicting it will be a major beneficiary of the AI boom. They believe it has a golden path to becoming a dominant force in AI, with growing demand for its services in both commercial and government sectors.

What is the significance of Gro 4 AI for Tesla?

Gro 4, an advanced AI model from XAI, will be integrated into Tesla vehicles starting next week. It will enhance Tesla's capabilities, including real-time driving data analysis, dash cam footage interpretation, and diagnostics, contributing to Tesla's shift toward fully intelligent vehicles.

Why did Monster Energy's stock fall this week?

Monster Energy's stock fell by over 6% after an analyst downgraded the stock due to concerns about the impact of aluminum tariffs, which could raise production costs for the company's canned beverages.

What new factor is boosting Uber's stock value?

Uber's stock rose to an all-time high due to a new tax exemption for driver tips under the Trump bill. This exemption could save Uber drivers around $1 billion annually, potentially improving driver retention and demand.

How did Nvidia achieve its record-breaking market cap?

Nvidia became the first public company to reach a $4 trillion market cap, driven by continued hype and spending in the AI market. This growth has been supported by its pivotal role in AI, cloud computing, autonomous driving, and more.

What is the outlook for Nvidia's stock despite its high valuation?

While Nvidia's stock is extremely high, analysts expect significant future growth, with a reasonable price-to-earnings-to-growth (PEG) ratio of around 1.3, suggesting that its future potential justifies its current valuation.