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  • Stonks: $GME ripping, $AMD AI chips, $PLTR S&P 500, $GRAB, and $LULU

Stonks: $GME ripping, $AMD AI chips, $PLTR S&P 500, $GRAB, and $LULU

Author

Michael Luo
June 03, 2024

Here’s the latest “under the radar” stock news from Reddit in the last 24 hours that you don’t want to miss, as picked by Fluid Bot’s AI. Want instant alerts? Sign up for the Discord bot!

🚨 Big news alert

Roaring Kitty has over $185 MILLION in $GME positions

  • Roaring Kitty has announced on /r/Superstonk that he has over $185 million $GME positions.

  • $GME is up over 30% today on the news

  • 🚨 Reddit sentiment on $GME: overwhelmingly positive

AMD Launches New AI Chips to Take on Leader Nvidia 

  • Reddit sentiment: mixed/positive (skeptical comments about AMD being behind, positive about AMD in the AI space and overall competition between AMD and Nvidia).

  • AMD has released new AI chips to compete with Nvidia

  • Investors are keeping an eye on AMD's performance in the AI market

  • AMD's move is seen as a push to challenge Nvidia's dominance in the AI chip sector

  • This development could impact AMD's stock performance in the future

Could PLTR go on a TSLA-like Run (70%) if Included in SP500? 

  • Reddit sentiment: mixed (split between PLTR being a value trap users who remains bullish on the stock)

  • Palantir (PLTR) is eligible for S&P 500 inclusion on June 7th, potentially leading to significant price increase

  • Several stringent criteria must be met for S&P 500 inclusion, which Palantir meets

  • Companies like Twitter (TWTR), NXP Semiconductors (NXPI), AMD, T-Mobile US (TMUS), and NVIDIA (NVDA) saw price increases following S&P inclusion

  • The "S&P 500 effect" can lead to a surge in stock prices for high-profile companies

  • Palantir shares similarities with Tesla and has a significant amount of retail ownership

  • Buying Palantir options before the inclusion announcement on June 7th could result in high potential gains with limited downside risk

$GRAB: the Asian Uber poised for growth 

  • Reddit sentiment: mixed/negative (concerns about Grab's profitability, competition, and doubts super app idea).

  • Grab is the Uber of Asia

  • Posted first profitable quarter earlier this year

  • Revenue in 2023 was $2.48B, up from $1.43B and $0.67B in 2022 and 2021

  • Banks have price targets above current stock price $GRAB

  • All ratings are buy or strong buy

  • Growing company with many uses including ridesharing, food delivery, and courier services

Why LULU is set to rebound 🚀

  • Reddit sentiment: mixed (some being bullish on potential growth and oversold status, while others are skeptical and buying puts.)

  • Last Friday, LULU calls were up +30%

  • LULU stock crashed after last earnings report, is now undervalued

  • LULU historically rebounds quickly from $300 level

  • LULU has solid financial health, strong position, high margins

  • New products hitting stores in May, bodes well for earnings

  • Product officer leaving won't impact next week's earnings or Q2

  • Position: $LULU 72 350C for JUN07, already up 11k