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- AI Firm More Than Doubles Today
AI Firm More Than Doubles Today
Adam Garcia
January 03, 2025
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Technology
Elon Musk has a history of rewriting industries—PayPal revolutionized payments, Tesla transformed transportation, and SpaceX redefined space exploration.
Now, Musk is diving into a $9 trillion opportunity that experts believe could eclipse all his previous ventures combined.
Behind this groundbreaking move is a little-known company providing essential technology for Musk’s latest AI endeavor.
Early investors are eyeing it as the next big winner in tech.
Markets 📈
The market got back on track for the first time in 2025, ending with wins on several U.S. indexes. The Nasdaq Composite ended out the week on the highest note, adding 1.75% to its score.
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Market-Moving News 📈
Electric Vehicles
Rivian Exceeds Delivery Expectations and Overcomes Production Hurdles
Rivian reported better-than-expected fourth-quarter vehicle deliveries, signaling progress in overcoming earlier production challenges. The electric vehicle manufacturer revealed that a component shortage affecting its R1 models and delivery vans was no longer limiting production, marking a positive step toward its long-term profitability goals.
During the final quarter of the year, Rivian delivered over 14,000 vehicles, surpassing analyst projections and achieving its highest delivery figures in over a year. This represented a significant quarterly increase, despite reduced orders from Amazon, a major partner, due to the holiday season. Production during the quarter also exceeded expectations, with nearly 12,800 vehicles rolling off the assembly lines.
For the full year, Rivian produced close to 50,000 vehicles, slightly below the prior year’s total but within its revised targets. To address costs, the company has restructured supplier agreements and streamlined manufacturing processes, moves that are expected to support profitability.
Meanwhile, the EV sector faces broader challenges, including softening demand and rising borrowing costs, which are driving some consumers toward more affordable alternatives. Even larger competitors like Tesla have experienced delivery declines, highlighting the increasingly competitive and uncertain landscape for electric vehicles. Rivian’s recent strides, however, suggest a steady path forward.
Tech
Apple Expands Fitness Plus With New Programs and Strava Partnership
Apple has introduced fresh updates to its Fitness+ streaming workout platform, expanding its offerings with programs designed for strength training, pickleball enthusiasts, yoga practitioners, and breath meditation. The new content, accessible through iPhone, iPad, and Apple TV, is set to launch on January 6.
In addition to the expanded workout library, Fitness+ has partnered with Strava to enhance user experiences. This collaboration includes new app integrations and special promotional offers for subscribers, alongside appearances by notable athletes in selected workouts.
A standout addition to the platform is a program focusing on strength, endurance, and agility, tailored for pickleball players and led by a renowned champion in the sport. For music lovers, the artist spotlight series makes a comeback, featuring workout playlists inspired by globally celebrated artists. These themed sessions promise to blend fitness with entertainment, adding an engaging twist to the workout routine.
Apple Watch users also have an incentive to stay active in the new year, with an exclusive reward available for those who maintain consistent activity throughout January by completing all three daily activity rings for a week straight.
Fitness+ continues to evolve as a comprehensive tool for individuals looking to stay active and mindful, offering diverse programs to suit a variety of fitness goals.
Food and Drink
Surgeon General Urges Cancer Warnings on Alcohol Labels
The U.S. Surgeon General has highlighted the need for alcohol products like beer and wine to carry warnings about their links to cancer. This recommendation stems from growing evidence connecting alcohol consumption to an increased risk of developing various cancers, including breast, throat, mouth, and liver cancers.
Despite decades of research, public awareness remains low, with less than half of Americans recognizing the cancer risks associated with alcohol. Health experts report that alcohol is responsible for approximately 100,000 cancer cases and 20,000 related deaths annually in the U.S. These numbers far exceed the fatalities caused by alcohol-related traffic accidents. Notably, more than 16% of breast cancer cases have been attributed to alcohol consumption.
The advisory emphasizes the importance of public education on these risks to encourage informed choices about alcohol use. While discussions around labeling are ongoing, this push for transparency aims to better align public perceptions with the scientific data.
Meanwhile, the announcement appeared to impact the stock performance of several beverage companies. This renewed focus on the health implications of alcohol could signal further scrutiny for the industry moving forward.
Top Winners and Losers 🔥
Cerence Inc [CRNC] $19.33 (+143.76%)
Cerence landed a new collaboration effort with Nvidia, causing shares to soar.
Serve Robotics Inc [SERV] $19.03 (+28.93%)
Serve Robotics continues to shine thanks to a major deal from Uber to create self-driving robots.
Oklo Inc [OKLO] $27.25 (+24.71%)
Oklo starts off the year strong as data centers turn to nuclear energy for their power needs.
Nukkleus Inc [NUKK] $22.50 (-21.38%)
Nukkleus stock is still in bad shape after investors shied away from a $10 million private placement in late December.
AtlasClear Holdings Inc [ATCH] $7.96 (-20.40%)
AtlasClear Holdings is up after securing an agreement with Hanire to invest up to $45 million in its company.
Taylor Devices Inc [TAYD] $35.26 (-14.74%)
Taylor Devices reported less-than-ideal sales and earnings, causing shares to drop.
AI
Elon Musk’s ventures have consistently reshaped industries, from online payments with PayPal to space exploration with SpaceX and automotive AI with Tesla.
Now, his next project is being called his most ambitious yet—a groundbreaking AI initiative projected to tap into a $9 trillion market.
At the core of this revolution is a little-known company supplying the critical technology that Musk relies on for this venture.
This “silent partner” is already positioned to benefit massively from Musk’s success.
As the project gains momentum, early investors in this under-the-radar stock could see incredible returns.
That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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