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- Energy Company Makes Waves With 43% Gains
Energy Company Makes Waves With 43% Gains
Adam Garcia
November 18, 2024
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Markets 📈
The market remained somewhat cool today, with U.S. indexes seeing minimal movement. The Nasdaq Composite experienced the biggest gains, jumping over half a percent on the day.
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Technology
The marketing industry is being transformed, and one AI startup is leading the charge. Delivering 3.5X ROI to Fortune 1000 clients and backed by the likes of Adobe Fund, Meta, and Google, this company is experiencing extraordinary growth.
Its valuation has skyrocketed from $5M to $85M in just three years, and revenue is doubling year over year.
But here’s the thing—while some investors are seizing this opportunity, most are missing out. AI innovation is reshaping industries at lightning speed, and those who act early often see the greatest rewards.
Sitting on the sidelines could mean watching this company’s growth story unfold without being a part of it.
At just $0.50 per share, with a 10% bonus for early investors, this is a rare chance to get in before the broader market catches on.
The traction is undeniable, and the potential for exponential returns is clear.
Market-Moving News 📈
Netflix Breaks Streaming Record with High-Profile Tyson vs. Paul Fight
Netflix reached a milestone with its livestream of the boxing match between Mike Tyson and Jake Paul, hitting a peak of 65 million concurrent viewers. Around 60 million households tuned in, making it a historic event for the streaming platform.
The highly anticipated fight between the young internet star and the legendary heavyweight champion created unprecedented demand, causing significant strain on Netflix's servers. During the broadcast, almost 100,000 users reported streaming issues, including buffering, connection failures, and frozen screens.
For comparison, Disney's Hotstar recorded 53 million concurrent viewers during a major T20 cricket final earlier this year and peaked at 59 million during the World Cup final last year, making Netflix’s event a standout in terms of viewership.
Netflix described the event as a major success despite the technical difficulties faced. The company highlighted the efforts of its technical team, who focused on maintaining stability for most users despite the unexpected surge in traffic. While the experience wasn’t perfect for all viewers, Netflix acknowledged the challenges and views the event as a stepping stone for future live streaming projects.
Spirit Airlines Files for Bankruptcy as Debt and Failed Mergers Take Toll
Spirit Airlines has filed for Chapter 11 bankruptcy protection, marking a significant setback for the U.S. low-cost carrier. Despite steady travel demand, Spirit faced ongoing financial struggles, driven by rising operational costs, missed merger opportunities, and impending debt obligations.
The company faced further setbacks when its merger plans with JetBlue Airways fell apart earlier this year. Additionally, issues with the RTX Pratt & Whitney engines disrupted its operations, grounding part of its fleet. In its bankruptcy filing, Spirit reported assets and liabilities each estimated between $1 billion and $10 billion.
Under the bankruptcy plan, the airline reached an agreement with its bondholders aimed at reducing its debt and improving financial stability. The plan includes a $350 million equity investment and $300 million in debtor-in-possession financing, intended to support Spirit through the restructuring process.
The airline plans to maintain regular flight operations throughout the bankruptcy proceedings, assuring customers that travel bookings will not be disrupted. Spirit expects to be delisted from the New York Stock Exchange soon but aims to emerge from bankruptcy in early 2025.
Despite efforts to revive merger discussions with Frontier Airlines, Spirit faced challenges in securing a deal. The carrier has struggled with higher labor and maintenance costs post-pandemic, challenging its ultra-low-cost business model.
Nvidia Faces Overheating Issues with New Blackwell AI Chips
Nvidia’s new Blackwell AI chips are facing overheating issues, raising concerns among customers about the feasibility of opening new data centers. Reports indicate that the chips tend to overheat when connected to server racks designed to accommodate up to 72 units, causing potential setbacks in deployment.
Sources familiar with the issue have revealed that Nvidia’s engineering team is actively addressing the overheating problem, repeatedly requesting that suppliers modify the design of the server racks to prevent these issues. Despite the challenges, Nvidia maintains that such engineering adjustments are a standard part of the product development process.
Originally launched in March, the Blackwell chips were expected to ship in the second quarter, but delays have since pushed back the timeline. Nvidia is working closely with major cloud service providers to ensure smooth integration, with the company emphasizing that these engineering revisions are to be expected during the development of advanced technology.
The overheating problem has raised questions about the impact on the broader rollout of Blackwell chips, which are integral to powering new AI and cloud computing initiatives. Nvidia’s efforts to resolve these technical issues will be closely watched as they aim to meet customer expectations and avoid further delays.
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Top Winners and Losers 🔥
Eco Wave Power Global [WAVE] $9.43 (+43.75%)
Eco Wave Power Global received a final permit from the U.S. Corps of Engineers for a new energy project.
US GoldMining Inc [USGO] $10.38 (+25.82%)
US GoldMining shares hit paydirt when the company found large quantities of gold in drilling exploration.
Super Micro Computer Inc [SMCI] $21.54 (+15.93%)
Super Micro Computer rebounded today as execs share the company’s plan to keep away from Nasdaq delisting.
Neurogene Inc [NGNE] $19.82 (-42.58%)
Neurogene continues to slump after a side effect derailed a promising drug trial.
Knightscope Inc [KSCP] $14.74 (-26.21%)
Knightscope missed third-quarter earnings expectations, causing investor pullback.
IonQ Inc [IONQ] $25.23 (-13.42%)
IonQ shares slumped despite the company’s pursuit of several new patents, possibily leading investors to question a broad future approach.
2025 Stock Watch
As 2025 approaches, key trends are emerging that could shape the market. Trump’s energy-first approach and his commitment to "drill, baby, drill" stand to benefit domestic oil companies.
His enthusiasm for artificial intelligence and the infrastructure needed to support it highlights opportunities in tech and energy.
And with his backing of cryptocurrencies, it’s no surprise Bitcoin hit all-time highs after the election.
Want to know which stocks align with these trends? This free report reveals the top five picks you need to consider today.
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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