WSB Alert | AMD Tops WSB Hot List with Strong Gains; Trump Media Surges 333%

A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum go viral overnight, leading to a surge in user numbers. Since then, it has been dubbed the "retail investor base camp" of U.S. stocks. Although the retail investors here appear to be impulsive, they are not lacking in rationale and can serve as a market trend indicator. The WSB hot stocks list aims to delve into the retail investors' favorite stocks by analyzing key metrics such as stock mention volume, likes, and hot discussion rankings, to track what retail investors are focusing on and grasp the latest trends in U.S. stocks.

The latest WSB hot discussion rankings on October 30 are as follows:

Based on rankings:

Advanced Micro Devices (AMD) ranks 1st on the WSB hot discussion list. AMD rose 3.96% overnight, marking a 4-day winning streak with an 8.72% increase over the past 4 days.

Trump Media & Technology Group ranks 2nd on the WSB hot discussion list. Trump Media & Technology Group rose 8.76% overnight, marking a 3-day winning streak with a 47.38% increase over the past 3 days.

Reddit ranks 3rd on the WSB hot discussion list. Reddit rose 2.59% overnight.

Notably, in terms of ranking changes among the top 20 on the hot discussion list:

Eli Lilly rose 52 places on the WSB hot discussion list. Currently ranked 17th, Eli Lilly rose 0.89% overnight, marking a 3-day winning streak with a 1.38% increase over the past 3 days.

Snap rose 29 places on the WSB hot discussion list. Currently ranked 12th, Snap rose 1.68% overnight, marking a 5-day winning streak with a 9.12% increase over the past 5 days.

Reddit rose 12 places on the WSB hot discussion list. Currently ranked 3rd, Reddit rose 2.59% overnight.

The top three companies on the WSB hot discussion list are Advanced Micro Devices, Trump Media & Technology Group, and Reddit, based on mention frequency and likes. Advanced Micro Devices rose 1 place to rank 1st, with 915 mentions and 5065 likes. Trump Media & Technology Group fell 1 place to rank 2nd, with 612 mentions and 2569 likes. Reddit rose 12 places to rank 3rd, with 372 mentions and 1982 likes.

[WSB Hot Discussion Company News]

AMD CEO: Supply environment for AI chips is tight
AMD CEO mentioned that the supply environment for AI chips is tight. AMD's third-quarter revenue was $6.8 billion, compared to analysts' expectation of $6.71 billion.
AMD's third-quarter revenue was $6.8 billion, meeting analysts' expectations of $6.71 billion. Adjusted earnings per share for the third quarter were $0.92, meeting analysts' expectations of $0.92. The adjusted operating income for the third quarter was $1.72 billion, compared to analysts' expectation of $1.71 billion. The adjusted operating margin for the third quarter was 25%, compared to analysts' expectation of 25.4%. Research and development spending for the third quarter was $1.64 billion, compared to analysts' expectation of $1.61 billion. The fourth-quarter revenue is expected to be between $7.2 billion to $7.8 billion, compared to analysts' expectation of $7.55 billion.

Trump Media & Technology Group triggers a circuit breaker again
Trump Media & Technology Group continued to decline by over 2%, triggering a circuit breaker again. Trump Media & Technology Group triggers a circuit breaker
Trump Media & Technology Group triggered a circuit breaker after previously rising by over 14%.

Reddit expects fourth-quarter revenue of $385 million to $400 million
Reddit expects fourth-quarter revenue of $385 million to $400 million, compared to analysts' expectation of $356.2 million.

SoftBank founder Masayoshi Son: NVIDIA is "undervalued"
SoftBank founder Masayoshi Son stated that although some might claim NVIDIA is facing challenges in the realm of AI and similar companies, he believes the market has prematurely overvalued it. In fact, he considers NVIDIA currently undervalued. There is a significant gap between the perceived value of generative AI and its long-term potential, indicating that current views may reflect a bubble.

"Trump trade" heats up as Trump's social media platform valuation surpasses Musk's X platform
Ahead of the U.S. election, the "Trump trade" has heated up significantly, as investors believe Trump has a strong chance of returning to the White House. Betting markets show Trump's odds of winning the election are much higher than Harris's. Thanks to the recent surge in Trump Media & Technology Group's stock price, Trump's self-created social media platform, Truth Social, is now valued higher than its biggest competitor, Elon Musk's X platform. As of Tuesday, Truth Social's parent company, Trump Media & Technology Group, has seen its stock price soar 333% from the lows of late September, with its valuation climbing to $10.6 billion. Fidelity Investment's latest valuation of X is only $9.4 billion. Fidelity periodically updates its valuation expectations for X as it holds shares in the platform. Since Musk acquired X for a whopping $44 billion in October 2022, its valuation has dropped by 79%.

Musk's AI startup xAI in talks for funding at a $40 billion valuation
Elon Musk's AI startup xAI is in talks for funding at a $40 billion valuation. Musk plans to launch a starship to Mars within two years
Musk plans to launch a starship to Mars within two years. It is estimated that the number of robots will exceed humans by 2040, with at least 10 billion robots in use. By 2040, humanoid robots are expected to be priced between $20,000 and $25,000. Musk: Plans to double the size of AI startup XAI
Musk stated plans to double the size of his AI startup XAI. Musk: AI has a 10% to 20% chance of going wrong
Musk mentioned that AI has a 10% to 20% chance of going wrong.

Eli Lilly: First and only non-covalent (reversible) BTK inhibitor Jaypirca approved in China
Eli Lilly China announced today that its non-covalent (reversible) BTK inhibitor Jaypirca (pirtobrutinib 100 mg and 50 mg tablets) has been approved by the National Medical Products Administration (NMPA) for monotherapy use in adult patients with relapsed or refractory mantle cell lymphoma (MCL) who have received at least two prior systemic therapies, including a Bruton tyrosine kinase (BTK) inhibitor.

McDonald's sued in the U.S. over E. coli contamination
According to U.S. media reports, two American consumers filed a class-action lawsuit against McDonald's Corporation on the 29th, alleging that the onions in one of its burgers caused an E. coli outbreak. The class-action lawsuit seeks compensation for all U.S. consumers who purchased the "Quarter Pounder" burgers contaminated with E. coli, with the total compensation expected to exceed $5 million. Meanwhile, McDonald's faces other individual lawsuits. McDonald's: E. coli outbreak in U.S. stores appears to be under control
McDonald's stated that the E. coli outbreak in U.S. stores appears to be under control. McDonald's third-quarter revenue was $6.87 billion, market estimate was $6.81 billion
McDonald's third-quarter revenue was $6.87 billion, beating the market estimate of $6.81 billion. Adjusted earnings per share for the third quarter were $3.23, compared to the market estimate of $3.20.