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Kim Jong-cheol, the nominee for the head of South Korea's media commission, has proposed implementing restrictions on social media use for teenagers, emphasizing it as a key priority to protect youth. This initiative aligns with similar measures recently adopted in Australia, where children under 16 are banned from major social platforms, prompting legal challenges from companies like Reddit. The move reflects a growing global concern regarding the impact of social media on young users and the need for regulatory measures.
Jim Chanos has raised concerns about Nvidia Corp. (NASDAQ: NVDA) and its impact on companies like Oracle Corp. (NYSE: ORCL) and CoreWeave Inc. (NASDAQ: CRWV), warning of a 'massive financial risk' due to unrealistic depreciation schedules for AI hardware. He argues that the rapid innovation of Nvidia's GPUs could shorten their useful life to three or four years, leading to increased depreciation expenses that would negatively affect earnings. Chanos specifically highlighted Oracle's vulnerability, stating it is not currently earning its cost of capital on its AI investments, which could lead to fundamental financial issues if AI monetization is delayed.
Jim Cramer has issued a 'Sell' rating on Iren Ltd. (NASDAQ: IREN), an AI infrastructure company that has experienced a significant pullback, closing 11.59% lower at $35.48, and 53.84% below its 52-week high. This change in sentiment follows the company's announcement of a $2 billion convertible note offering, which Cramer criticized as unnecessary dilution. Despite the stock's decline, analysts at B. Riley maintain a 'Buy' rating with a price target of $74, indicating a potential upside of 108.56% from current levels.
Ford is recalling 32,160 E-Transit vehicles due to a risk of disengaged axle shafts, which could lead to a loss of drive power and increase the danger of crashes or rollaways. The recall is being conducted in response to concerns raised by the National Highway Traffic Safety Administration. This action may impact Ford's reputation and operational costs associated with the recall.
Tesla Inc. (NASDAQ: TSLA) has seen its market capitalization rise to over $1.58 trillion, bolstered by an increase of over $850 billion in value since April 2025, as reported by the Kobeissi Letter. The company's stock closed up 3.56% at $475.31 but fell 1.20% in after-hours trading. Despite a 23% decline in U.S. sales in November, Tesla maintains a market share of over 55% in the EV sector. The company's valuation is expected to benefit CEO Elon Musk, whose trillion-dollar pay package is tied to achieving specific milestones.
Tesla Inc. (NASDAQ: TSLA) is reportedly on track for a $1.5 trillion valuation, having added over $850 billion in value since April 2025, according to The Kobeissi Letter. The company's market capitalization currently exceeds $1.58 trillion, significantly outpacing competitors like Toyota and BYD. Tesla's stock rose 3.56% to $475.31 at market close, although it fell 1.20% in after-hours trading. Despite a 23% decline in U.S. sales in November, Tesla maintains a market share of over 55% in the EV sector.
