Sizzling Stock Market Updates with Stockburger
Welcome to Stockburger Buzz, your weekly roundup of the hottest market news, delivered with a side of insights to keep your portfolio juicy and satisfying. Here’s what’s cooking this week:
- Stockburger introduces Cheaper Bites for traders.
- Asian markets tremble amidst South Korean political drama.
- Corporate tragedy strikes healthcare giant.
- 30%–40%: Cost savings of AWS Trainium-powered clusters compared to Nvidia.
- $8 billion: Amazon’s total investment in Anthropic.
- 5x: Size of Amazon’s new AI supercomputer compared to Anthropic’s existing cluster.
- South Korean markets faced turbulence after President Yoon Suk Yeol declared martial law, leading to protests and political upheaval. Shares of Samsung, Hyundai, and local banks dipped, while the Korean won struggled to stabilize.
- UnitedHealthcare CEO Brian Thompson was tragically shot in what’s being described as a premeditated attack outside a New York hotel. Authorities are investigating the high-profile incident.
- China-made Tesla deliveries fell by 4.3% year-on-year in November, while rival BYD surged 67.2%. Meanwhile, a court rejected Elon Musk’s controversial $56 billion compensation package.
- SpaceX prepares to soar with a $350 billion valuation in an insider share sale, cementing its position as the world’s most valuable private company.
- CEO Pat Gelsinger stepped down amidst mounting pressure to compete with Nvidia, leaving the company reeling from a 50% stock price drop this year.