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Last August, Nvidia had a $2.5 billion revenue miss due to gaming and crypto mining related weakness. This caused the stock to selloff (8%) in one day. Many pundits were questioning if Nvidia could overcome the gaming segment weakness given Ethereum’s Merge to Proof of Stake would permanently reduce demand for gaming GPUs.

Earlier this month, Google’s stock (Alphabet) tumbled 7% when chatbot Bard was unable to complete a search with 100% accuracy. During a demonstration, Bard returned incorrect information about which telescope was the first to take pictures of a planet outside the Earth’s solar system. This was a minor mistake given how far large language models and generative AI has come, rather it was the timing that was a bit flawed as OpenAI’s ChatGPT, the chatbot powering competitor Microsoft Bing, had been dominating headlines since its November 30th launch.

 The stakes are high for Tesla's stock because if the margins remain healthy, the stock will do quite well. However, if the margins contract, then the bears will be in control. This is a big moment for Tesla, as high average sales price has been a contentious issue for meeting its addressable market. Wall Street will want to see it's possible to do both --- serve a wider total addressable market (TAM) with more affordable prices while maintaining a healthy bottom line.

We update the new developments in Bitcoin’s price patterns as well as the on-chain metrics that we tend to see around historic lows. We will also take a look at the fundamental thesis surrounding Bitcoin’s utility, and why a globally indebted economy coupled with structural inflation will only benefit from Bitcoin.

Ad-tech stocks across the board had a tough year last year. Investors are hoping that 2023 will be a better year, yet according to the projected ad spend for 2023, this may not be the case.

In late November, we warned our readers that December could be a volatile month. The recent bounce in January also provided some warning signs, which we used to get defensive.

Last week, I joined Samuel Burke from Real Vision to discuss “3 Ideas.” We discussed why I see Nvidia as the #1 AI stock also why cloud is weaker than it appears.