GM
General Motors Company
stock NYSE

I think it was more so fallout from GM commentary. "Working to hold GM in mid-70s" bc of memory

I need them to say GM 😭🙏

We shouldn’t be cutting at all lately. Unemployment issues aren’t due to cyclicality/seasonality, it’s due to layoffs and immigration policy changes. Monetary policy won’t fix these issues and will only increase inflation, which is already above the Fed’s target of 2.0%
Position: puts on $GM

#Some people think that when they bring back manufacturing jobs to America it will be the same job their grandpas had back in 1960s where they worked in GM making $40 an hour with pension and full benefits. LMAO🤌

SMWB also may be acquired as well. They have an impressive list of large enterprise clients that have signed up for Multiple year locked in contracts - at 80% gross margins to SimilarWeb including : Google, JP Morgan, Coke, DHL, Hershey, P&G, T-Mobile, Adyen, UPS, Rakuten, Mayo Clinic, GM, Samsung, L’Oréal, Nike…

Earnings forecast. Let’s see if it’s more accurate than the Street 😉
$57.76B revenue
74% GM
$1.35 EPS
Q4 Guidance
$62.5B revenue
74.5% GM

Idk man, they spend 5x on R&D compared to GM rivaling the R&D spend of some pretty huge tech companies.
4.5B earmarked to R&D fuels pipeline growth and a lot of that spend is in non-car markets.

And when you have companies like Tesla; which is a car company (not a spaceX, X, or Boring company) who manufactured & sold 1.7 million cars last year, compared to GM who manufactured 2.7 Million vehicles; yet has a market cap of $1,260B compared to GM's $63B market cap.
So let's be clear here;
- GM Produces and sells 60% more vehicles per year than Tesla.
- Teslas market cap is 1900% more than GM
-GM & Tesla had damn near the same profits last year, except Tesla heavily relied on government tax incentives which are now gone.
If the layman can't see that this is a problem/bubble idk what to tell you.
"You're obviously wrong because it keeps going up"
>It just requires the price to disconnect from reality.
>When the shoeshine boy is giving stock tips, then it's time to get out of the market

Possible, or GM could have resumed their relationship with Cepton. From a product point of view I always felt they were more of a competitor than Luminar and Innoviz

MAJOR NEWS:
* NVDA earnings after close
* Trump said Saudi Arabia has agreed to invest $600 billion in the US, adding the figure “could go up” and “could even go to $1 trillion.”
* TRUMP: WORKING ON APPROVING ADVANCED CHIPS FOR SAUDI
MAG7:
* NVDA expanding its Ai partnership with MSFT Azure’s new Fairwater “AI superfactory” will run hundreds of thousands of Blackwell GPUs, including over 100,000 Blackwell Ultra GB300 NVL72 systems worldwide, with new NC-series VMs and Nemotron/NeMo integrations coming to SQL Server 2025 and Microsoft 365.
* Nvidia chip shift to smartphone-style memory to double server-memory prices by end-2026 — Counterpoint
* TSLA - GETS APPROVAL FOR AUTONOMOUS RIDESHARE SERVICE IN ARIZONA
* MSFT - Guggenheim reiterates Buy, maintains 𝐏𝐓 𝐚𝐭 $𝟔𝟕𝟓. Analyst sees MSFT cementing AI leadership as enterprise-ready platform post-Ignite, with momentum across copilots, governance, and data integration.

OTHER NEWS:
* WIX earnings. "Wix reported revenue/FCF of $505mn/$159mn (ex-acquisition costs), above Street at $502mn/$153mn. Business Solutions accelerated 8pts to 20% Y/Y growth, well above BofAe at 17% prior, driven by Commerce & business applications (Google Workspace). GAAP Op. Income turned negative due to $32mn in acquisition expenses related to Base44 and HourOne. Non-GAAP Operating Income of $90mn missed BofAe at $93mn due to higher marketing, as management called out accelerating Base44 ads & branding."
* CSIQ - Mizuho downgrades to underperform from outperform, raises PT to 21 from 15. "We double downgrade to Underperform as the recent run in the stock price reflects a higher growth multiple for CSIQ's battery storage business, solar multiple expansion, while the impact of US factory resolution remains uncertain. We raise our PT by 40% to $21 owing to peer solar multiple expansion. Our PT is based on 9x 2026 solar EBITDA (maintaining a two-turn discount to peers), 10x BESS EBITDA (normalized sector multiple, unchanged), and \~$2/sh value from US factory sale."
* ALKS - Alkermes has raised its bid for AVDL to as much as $22.50 per share, with $21 in cash and up to $1.50 via a CVR tied to FDA approval of LUMRYZ for idiopathic hypersomnia by the end of 2028, valuing the deal at about $2.4B if the milestone hits.
* ARM - South Korea’s antitrust regulator has carried out an unannounced inspection ofARM's Seoul office after a Qualcomm complaint that Arm is tightening access to its chip designs after years of open licensing.
* BAM - Brookfield is raising a $10B AI infrastructure fund, with $5B already committed from investors including NVDA, the Kuwait Investment Authority and its own balance sheet. It aims to build or buy up to $100B of data centers, dedicated power and semi infrastructure.
* MP - Goldman initiates at Buy, PT 77. MP is set to become the largest vertically integrated rare earth magnet supplier in North America and control >90%, per GSe, of the continent's NdPr production. This positions MP uniquely to capture market share from China-based producers/refiners as domestic manufacturers look to diversify supply chains. MP has agreements with GM for magnet offtakes and AAPL for a build out of recycling capabilities as well as magnet production. Additionally, a key partnership between MP and the US Department of War (DoW) provides for an accelerated expansion of downstream magnet production while PPAs for NdPr sales guarantee a minimum price and reduce commodity risk. As a result, we expect the accelerated vertical integration to drive meaningful profitability and sales growth into the end of the decade
* DASH - Jefferies upgrades to Buy from Hold, raises PT to 260 from 220. "We believe DoorDash's 2026 outlook helped lower expectations, providing flexibility for both long-term investments and upside to consensus. In addition, faster growth in US restaurant delivery over the past four quarters makes us more bullish on the growth runway for DASH's most profitable business. With the stock down 20% in the past 30 days, we upgrade to Buy from Hold given DASH's strong execution and growth algorithm now appear underappreciated."
* PFE - CFO: COMPANY TO LOOK GLOBALLY FOR MORE OBESITY DEALS - WILL LOOK TO SUPPLEMENT METSERA ASSETS
* EOSE - is raising capital via a registered direct common stock offering and a separate $500M private convertible senior notes deal due 2031, with a $75M option. Proceeds will help retire part of its 6.75% 2030 converts and for general corporate needs. Goldman Sachs is placement agent.
* CEG - is set to get a $1B US government loan to restart the Three Mile Island reactor, a $1.6B project targeting a mid-2027 return as the Crane Clean Energy Center.
* WBD - board is reportedly pushing Paramount to raise its offer to around $30 per share and is aiming to get a deal done before the end of 2025 - Axios
* MMM- Mizuho reiterates Neutral, raises 𝐏𝐓 𝐭𝐨 $𝟏𝟔𝟎. Analyst sees solid Q3 beat with margin expansion and higher product launch targets lifting estimates.
* VERX - Oppenheimer reiterates Outperform, cuts 𝐏𝐓 𝐭𝐨 $𝟏𝟖 Analyst sees value in core X-ray platform and optionality in new tech, despite near-term revenue and margin pressures.
* LLY - Truist reiterates Buy, raises 𝐏𝐓 𝐭𝐨 $𝟏,𝟏𝟖𝟐. Analyst sees Medicare reimbursement deal and obesity pipeline strength boosting long-term upside.
* RIOT - Citizens initiates with Market Outperform, sets 𝐏𝐓 𝐚𝐭 $𝟐𝟓. Analyst highlights RIOT’s power advantage and transition to data center market amid deepening supply shortage.
* FOUR: Truist maintains Hold, cuts 𝐏𝐓 𝐭𝐨 $𝟕𝟒. Analyst lowers PT citing organic growth uncertainty in key verticals despite higher reported volumes and bottom-line estimates.
* ALB -BMO reiterates Outperform, raises 𝐏𝐓 𝐭𝐨 $𝟏𝟑𝟔. Analyst lifts target on earlier lithium ASP ramp and stronger demand signals, especially from China.
* XPEV - Goldman Sachs reiterates Buy, raises 𝐏𝐓 𝐭𝐨 $𝟐𝟓. Analyst expects better seasonality, strong 2026 growth, and first full-year GAAP profit despite near-term volume softness.
OTHER NEWS:
* BREAKING: The Trump administration has been secretly working in consultation with Russia to draft a new plan to end the war in Ukraine, per Axios
* BLS: Producer Price Index for September to be Released November 25. U.S. Import and Export Price Indexes for September to be Released December 3
* China’s 10Y yield is sitting around 1.81%, barely above Japan’s 10Y at 1.77% and on track to dip below it for the first time, ever.
* Indonesia’s new sovereign wealth fund Danantara lined up a $1B three year multi-currency revolver underwritten by DBS, HSBC, Standard Chartered and UOB, with an option to scale it up to $10B.Funds are for acquisitions and investments as it manages about $1T in SOE assets.
* BlackRock’s spot Bitcoin ETF has saw its biggest outflow since launch. About $523M left IBIT on Tuesday, the 5th straight day of redemptions. US spot Bitcoin ETFs have had over $3B pulled so far in November as Bitcoin is now almost 30% off its October high.
* The Dutch government has suspended its emergency powers over chipmaker Nexperia, handing control back to Chinese owner Wingtech “as a show of goodwill,” after Beijing eased export curbs on chips from its China plant.
* South Korea’s finance minister Koo Yun Cheol says the government is ready to step in to stabilize FX and bond markets after the won neared a 16 year low.

GM announced they will have L3 driving, with lidar, on a cadillac in 2028. Could be them.

I began investing back then. Financial planners were few and far between. Stock brokers gave advice. Mutual funds were not yet popular. You could buy NYSE, AMEX, or OTC. You relied on the Wall Street Journal. IPOs were speculative. You could buy Dow stocks or emerging growth stocks. No foreign stocks. No international stocks. There were a few gold stocks. You’d create a portfolio with Ford, GM, Kodak, General Railway Signal, tobacco stocks, etc.

KTEC is to QQQ as Toyota was to GM

I really do not have a clue how people thought back then (I read some of your other comments and understand what you are asking).
I think one clue is looking at some old sayings. Like 60/40. Assume that means most would have 40% in bonds. Then you would most likely be trusting in experts back then so I would guess the portfolio would be mostly big cap names like IBM, GM, GE, US Steel etc etc.
And your example of a Rock Star is a loser! Trust me, by 67 they were all high AF. No clue yet if the riches would last and focused on the moment! I lived it...

You look like chess GM Vladimir Kramnik

GM

You are correct, no one knows for sure. That's what makes investing so much fun!
The theory regarding why China has adopted LiDAR and the west (both US and Europe) have not is that...
1. The China automotive process moves at a much faster pace than the west. China automotive product cycles take between 12 and 18 months, while the western automotive cycles are 3 years and perhaps even longer when including complex high tech products like LiDAR. History has shown it takes more like 5 years for LiDAR - see Innoviz/BMW and Luminar/Volvo.
2) In general, the China consumer seems to want and adopt technology much faster than the west. There are numerous examples of this outside of automotive.
These are only theories. No one knows for sure. At the same time, the CEOs of public US automotive companies (Ford, GM, Rivian) have stated, fairly recently, that a LiDAR sensor is a required sensor for ADAS (L2+ and L3) and AD.
The question as to whether the Microvision tech is still best-in-class is a very valid question. I am not sure it ever was best-in-class. The only reason it was even considered best-in-class is because Sumit said so. There has been no 3rd party validation of that. I am not sure which startups you are referring to, so I can't really address that question.
However, when looking at the competitive side of the equation, it seems like the long-time consensus industry leader, Luminar, is in serious trouble as a going concern. That doesn't mean their technology will evaporate as it may be reconstituted within a new entity. However, clearly their current technology, Iris, is not cutting it in the market. It appears to simply be too expensive. They have put forth a plan to develop a new sensor called Halo. However, according to the available information, Halo is simply a new and improved (smaller) version of the same technology. It may be viable, but possibly not. Regarding Halo, it makes me think of the famous hockey quote attributed to The Great One - "I skate to where the puck is going to be, not where it has been." Where is Halo skating to?
Furthermore, speaking on the competitive landscape, no LiDAR vendor has won any high volume deals for passenger vehicles. Aeva claims they are on the precipice of signing a deal with a top 10 global OEM passenger vehicle maker. Innoviz has a deal with VW, but it is for their low volume L4 ID Buzz commercial vehicle. It seems Luminar lost both Volvo and Mercedes. This point could be viewed as supporting your argument that LiDAR is a not a viable sensor. But, when considering all the other points I made above, it may mean that the western automotive companies are both cautious and slow moving. I think that 2026 will be the year the western OEMs make some buying decisions with regard to LiDAR. But that is only a theory.