Google, Tesla, Samsung: Trending stocks

Alphabet (GOOG, GOOGL) is reportedly issuing billions of euros in bond to fund its AI and cloud expansion. It's a crucial week for Tesla, (TSLA) which prepares to vote a trillion-dollar pay package for Elon Musk as its sales continue to nosedive in Europe - registrations are down 89% in Sweden in October. After its deal with Nvidia (NVDA), Samsung (005930.KS) is set to provide Tesla with $2 billion worth of ESS batteries, according to a South Korean newspaper. And Xiaomi (1810.HK) might be in trouble because of its EV's, but shares are rising after Xi Jinping gave Xiaomi smartphones to South Korea's president - and even cracked a joke about spying using Chinese devices. Plus, the mysterious stock (HKD) that shot up 74%.

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Video Transcript

00:04 Speaker A

It's time now for today's trending tickers from AI bonds at Google to EV supply chain shifts for Tesla and viral smartphones.

00:15 Speaker A

First up, Alphabet, the Google parent is issuing roughly three and a half billion dollars in euro-denominated bonds to raise capital for its AI and cloud infrastructure expansion. That's according to Bloomberg.

00:30 Speaker A

That's the second time this year Alphabet tapped the Euro bond market, showing how the AI arms race continues to be fueled by huge debt.

00:41 Speaker A

Google is in a strong position to pitch to lenders after strong earnings last week. And just to put this into context, the alphabet shares are up a staggering 75% in just six months.

00:57 Speaker A

Next up, Berkshire Hathaway, Warren Buffett's firm just reported Q3 earnings of about $30.8 billion up from 26.3 billion a year ago.

01:10 Speaker A

But the standout sign that everyone's watching, Berkshire offloaded more than $6 billion worth of stocks this quarter amid sky high AI valuations and they've got a record cash pile of brace for it, roughly $381.6 billion.

01:36 Speaker A

Meanwhile, Tesla remains at the center of attention this week. We're just three days away now from a shareholder vote on CEO Elon Musk's $1 trillion pay package and remember, the stock closed 3.74% up on Friday, but we just got news that sales of Tesla continue to fall in Europe.

01:54 Speaker A

The automaker's new car registrations dropped a staggering 89% in Sweden in October. Today, Tesla news is also helping boost another big name, South Korea's Samsung, whose stock has been absolutely soaring in recent months thanks to its artificial intelligence progress.

02:18 Speaker A

After announcing a major deal with Nvidia last week, today's news, as reported by the South Korean press, is that Samsung will be supplying over $2 billion worth of energy storage system batteries to Tesla over the next three years.

02:35 Speaker A

And look at how the South Korean tech giant has been rising here. If confirmed, this may indicate new plans for Tesla in the field of grid scale electricity storage.

02:49 Speaker A

One more story to watch in the EV universe today. BYD, Tesla's Chinese rival is seeing signs of pressure with its profits continuing to decline in Q3, down about 32.6% year-on-year amid an ongoing price war for EVs, especially in China.

03:13 Speaker A

And finally, one unusual lighter story that's moving markets. Xiaomi, which has been facing big problems with its electric SUVs in recent weeks, is up more than three and a half percent in Hong Kong today. And that's mostly thanks to its smartphones.

03:29 Speaker A

What's interesting about it is that in part, the stock is being propped up by China's leader, Xi Jinping. Well, G actually gifted a pair of Xiaomi smartphones to South Korea's president at the Apex Summit and he joked about quote, security backdoors in Chinese devices.

03:52 Speaker A

That buzz is definitely helping the brand today. And as promised, here's a mysterious stock that has been soaring. AMTD was up nearly 75% on Friday.

04:04 Speaker A

We'll keep watching the company, which is active in Fintech and other sectors.

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