What's on the News?

• Tesla Motors, Inc.(TSLA.US) led the trading volume list on Friday, closing up 4.34%, reaching a new all-time high. Reports emerged that President-elect Trump's transition team had recommended the incoming administration to abolish the existing mandate requiring car manufacturers to report accidents involving autonomous driving systems. This change could benefit Tesla, which has reported over 1,500 incidents to the National Highway Traffic Safety Administration under the current mandate.
• NVIDIA Corporation(NVDA.US) saw a 2.25% drop. The company reiterated its commitment to the Chinese market, denying rumors of halting supplies. Nvidia is also under investigation by the market regulator for alleged antitrust violations. Additionally, Nvidia, AMD Advanced Micro Devices, Inc.(AMD.US), and Intel Corporation(INTC.US) have invested in Ayar Labs, aiming to revolutionize data transmission with optical chips.
• Broadcom Limited(AVGO.US) soared 24.43%, reaching a market cap of over US$1 trillion. The company posted higher-than-expected earnings and highlighted a 220% surge in AI-related revenue, underscoring strong momentum in AI-related markets.

• Advanced Micro Devices, Inc.(AMD.US) dropped 2.83%, with a weekly decline of 8.4%.
• MicroStrategy Incorporated Class A(MSTR.US) closed up 4.20% after announcing another US$2.1 billion Bitcoin purchase, marking its fifth consecutive Monday Bitcoin acquisition.
• Palantir Technologies(PLTR.US) closed up 3.92%.
• Adobe Systems Incorporated(ADBE.US) fell 1.88%, continuing its downward trend from Thursday, with a weekly decline of 15.8%.

• Meta Platforms(META.US) dropped 1.66%. Meta announced the upcoming release of an AI model called Meta Motivo, designed to control digital avatars, potentially enhancing experiences in the metaverse. The company also offered several AI models for free, aiming to foster tool creation and benefit its business.
• Marvell Technology Group Ltd.(MRVL.US) closed up 10.79%, reaching a record high. The company reported breakthroughs in custom high-bandwidth memory (HBM) for AI processors, collaborating with Micron Technology, Inc.(MU.US), Samsung, and SK Hynix.
• Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US) rose 4.98% as its first Japanese wafer fab is set to start mass production by year-end.
• SoundHound AI, Inc. - Warrant(SOUNW.US), an AI software company, closed up 23.7%. The stock has surged approximately 700% year-to-date.