James Altucher:

Nvidia's Board Launches Investigation Into CEO Jensen Huang's Affair With an Alleged Chinese Spy

Nvidia's (NVDA) board is launching an independent investigation into reports that a woman CEO Jensen Huang was having an affair with was allegedly spying on him for the Chinese government. Nvidia stock fell 4% before the bell on Monday.

In an email to employees Sunday, Huang admitted to the affair.

"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote.

The revelations come after reports of ties between Huang and a woman believed to be passing information to the Chinese government.

Last month, the New York Times reported the U.S. intelligence service believed a Chinese national named Alice Huang, a former leader at Megaspeed, an Nvidia chip customer, and someone with a well-documented relationship with Huang himself, may have acted as an intelligence asset, sharing information with the ruling party in Beijing.

Following Huang's confession, investors are left wondering whether he will remain CEO of Nvidia, and if not, what that means for the company.

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Davis Wilson:

17 Stocks. 5 Technologies. Here's What I'd Buy.

Last week, Paradigm Press hosted our annual Paradigm Shift Summit in Nashville. For me, the best part was talking with so many subscribers face-to-face. And I walked away from those conversations with one big takeaway: A lot of people could use a portfolio reset.

For those folks, here's my current list of stocks I think are BUYS right now…

Let's start with hyperscalers and AI platforms: Amazon (AMZN), Alphabet (GOOG), Meta (META), and Microsoft (MSFT). AI gives these four companies another massive growth engine on top of businesses that already dominate their markets.

Then there's AI chips and infrastructure: Nvidia, AMD (AMD), Micron (MU), and Corning (GLW). Corning is my less obvious pick.

For cybersecurity, we have CrowdStrike (CRWD) and Palo Alto Networks (PANW). AI is giving hackers increasingly sophisticated tools, which is bullish for cybersecurity spending.

For space – SpaceX (SPCX), Rocket Lab (RKLB), and AST SpaceMobile (ASTS). All three are attacking different parts of the same enormous opportunity.

And for next-generation energy, there's Bloom Energy (BE), Solstice Advanced Materials (SOLS), Albemarle (ALB), and Lithium Americas (LAC). The AI boom has created an energy problem. But energy isn't one technology.

Get the rest of my thoughts on these stocks by clicking the link below!

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Ari Goldschmidt:

Musk Says Tesla Will Refund Some Cybertruck Deposits, Defends Decision To End Production

Tesla will shut down production of the Cybertruck in about eight months CEO Elon Musk said in an X post on Monday. He also said the company will try to make as many of the vehicles as possible before then, though Tesla will "have to return deposits for a lot of people."

Musk argued the Cybertruck was not unprofitable, and that Tesla was ending production because the "opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production."

In other words, Musk is arguing that Tesla can make more money by using the factory space and resources dedicated to the Cybertruck for building Cybercab robotaxis. Musk said last week that Tesla plans to use the factory space to build more two-seater Cybercabs.

The first Cybertrucks were delivered to customers in late 2023. Reservations for the vehicle had ballooned to 1 million, according to Musk, who also predicted that the company would sell around 250,000 of the trucks annually.

But those reservations never translated into actual sales. Tesla doesn’t break out sales of the Cybertrucks, but industry experts estimate a total of about 71,000 Cybertrucks have been sold since the first deliveries began in November 2023.

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