Momentum Movers

• $RUM up 81% after the company announced it entered into a definitive agreement for a strategic investment of $775M from Tether. 
• $RGTI up 16% after announcing it launched an 84-Qubit Ankaa-3 system and achieved a 99.5% median two-qubit gate fidelity milestone. 
• $SOUN down 6% on no specific news, retracing some recent gains from its AI momentum. 
• $WULF down 12% as Bitcoin fell to $93K.
• $AVGO up 5% on continued momentum after recently reporting strong earnings and guidance. 
• $FDX down 2% after recently reporting financial results.
• $AMD up 4% on a relief rally from its recent downward pressure. 
• $TSM up 5% on headlines that $NVDA plans to build a new overseas headquarters in Taiwan. 
• $PONY up 9% after Goldman Sachs initiated bullish coverage on the company as an AI player. 
• $META up 2% on recent bullish analyst reports. Also, the Financial Times reported that Meta plans to add displays to its Ray-ban smart glasses as soon as next year. 

Sector Performance

Market News 

• $BTC weakened to $93K as the USD continued to strengthen after recent economic data and hawkish Fed comments bolstered the Dollar. 
• Trump hinted at renewed interest in Greenland purchase for national security purposes. 

Upcoming Events 12/24/24 

• Early Stock Market Closure – 1 PM
• Dallas Fed PCE
• 5-Year Note Auction
• Earnings: N/A