To The Moon

Here's a full recap:

1. Tesla $TSLA director Joseph Gebbia has disclosed a $1M insider purchase of Tesla stock. He bought 4,000 shares at $256.31. Joseph joined the board in 2022. This is the first $TSLA insider buy since November 2020.

2. Huawei is set to test its Ascend 910D AI chip, aiming to rival $NVDA NVIDIA’s banned H100 in China, with samples expected by late May 2025. The company is also ramping up shipments of its earlier chips and building large-scale computing systems to strengthen its position. U.S. export restrictions are accelerating China’s push for AI self-sufficiency, with Huawei emerging as a key player. Meanwhile, NVIDIA is investing $500 billion to expand its U.S. AI infrastructure. $NVDA was down 2% today.

3. JP Morgan said today: "Updating our view to Tactically Bullish. The market is likely to drift higher in the absence of negative news. The continuation of MegaCap Tech earnings may give the market a tailwind, and the potential for an announced trade deal skews the risk/reward positively."

4. A major update on auto tariffs is likely to be announced at Trump’s Michigan rally this Wednesday, according to the WSJ. Trump is likely to lower auto tariffs to avoid stacking them on top of existing tariffs on materials like steel and aluminum. Companies that paid a 25% tariff on imported cars this month may be eligible for partial refunds. Starting May 3, a 25% tax will apply to imported car parts, but U.S. manufacturers can receive partial rebates for a limited time. Overall, the administration seems to be easing domestic tariff policies, possibly setting up a broader reduction that markets would likely welcome.

5. MicroStrategy $MSTR has acquired 15,355 $BTC Bitcoin for approximately $1.42 billion at an average price of around $92,737 per coin, achieving a Bitcoin yield of 13.7% year-to-date in 2025. As of April 27, 2025, the company holds 553,555 Bitcoin, purchased for roughly $37.90 billion at an average cost of about $68,459 per Bitcoin.