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NEWS
Enron Wants In On This Bull Market

U.S. stocks pushed to new all-time highs, with Apple and mega-cap tech strength masking weakness under the surface. Meanwhile, the story of the day was the infamous Enron returning in its latest form…an alleged crypto scam. 👀

Today's issue covers Apple’s new all-time highs, troubles in the electric vehicle space, and Enron’s return 23 years after its record-breaking bankruptcy. 📰

Here’s the S&P 500 heatmap. 3 of 11 sectors closed green, with technology (+0.95%) leading and utilities (-2.15%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $QNRX, $SNTI, $PPBT, $JANX, $OMEX 📉 $PTCT, $RBLX, $REVB, $STLA, $FFIE*

*If you’re a business and want to access this data via our API, email us.

STOCKS
Apple Joins The Crypto Craze 🤑 

Mega-cap stocks were on the move during the first trading day of December, with Apple leading the charge by hitting new all-time highs. Remember Apple, the company we were all worried about because it “lacked innovation,” and Warren Buffett’s Berkshire Hathaway sold a large portion of its shares? 🤔 

Well, it’s once again the largest company by market cap at $3.62 billion, adding a partnership with Coinbase to allow users to buy crypto via Apple Pay. The addition to Coinbase Onramp will allow the 60M+ U.S. users of Apple Pay to instantly bring money on-chain, giving Apple a small piece of the recent crypto craze.

Stocktwits sentiment pushed into ‘extremely bullish’ territory on the news, with polled users expecting the stock to rally to $250 in 2025. 🐂 

Meanwhile, Nvidia shares and other semiconductors recovered as the sector digested the latest round of U.S. curbs on chip technology exports to China. Still, Nvidia remains in a holding pattern after two beat-and-raise earnings reports left prices stagnant near their all-time highs. 😐️ 

One chip stock that did move was Super Micro Computer, which jumped 29% after its special committee found no ‘evidence of misconduct.’ It also appointed a new chief accounting officer and began the process of replacing its current CFO.

Although Super Micro’s new auditor, BDO, has not yet certified the company’s filings or publicly addressed previous auditors’ concerns, people are taking the special committee’s reports and actions at face value…for now.

Stocktwits community sentiment is currently in ‘neutral’ territory. However, a poll of over 4,000 users signals that over 70% of people believe these Special Committee results are a clear path to recovery. 🤯 

Lastly, while we’re talking tech, we need to mention Jeff Bezos’ backing of an artificial intelligence chipmaker hoping to eat Nvidia’s lunch (or take a few bites out of it). The Amazon founder joined Samsung in a $700 million bet on Tenstorrent, which values the fledgling chipmaker at roughly $2.6 billion. 💵 

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