TLDR

MARKET RECAP → Stocks rose on Wednesday as it regained territory from Tuesday’s losses. Another slew of corporate earnings came out today, with banks and airlines standing out as they topped expectations.

GM INVESTS $625 MILLION IN EV BATTERY MATERIALS →🔋 GM is investing $625 million in a joint venture with Lithium Americas to secure lithium for EV batteries, strengthening its domestic supply chain and pushing its electric vehicle strategy forward.

AMAZON GOES NUCLEAR WITH BIG INVESTMENT→ ⚛️ Amazon Web Services is investing $500 million into small modular nuclear reactors to meet its growing clean energy demands. This move aligns with Amazon’s goal of reaching net-zero emissions while powering its expanding data centers and AI services.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

GM Invests $625 Million In EV Battery Materials

🔋 Major Investment: GM announced a $625 million joint venture with Lithium Americas to develop a lithium carbonate mining operation in Nevada, crucial for electric vehicle batteries.

🌍 Securing Domestic Resources: The project supports GM’s strategy to source critical EV materials within the U.S., helping manage battery costs and meet federal requirements for electric vehicle production.

📈 Boost for Lithium Americas: Following the announcement, Lithium Americas' stock surged by over 20%, highlighting the growing importance of domestic lithium supplies for the EV market.

TODAY’S TOP NEWS

Amazon Goes Nuclear With Big Investment

⚛️ $500 Million Investment: Amazon Web Services (AWS) announced a $500 million investment in small modular nuclear reactors (SMRs) to meet its growing clean energy needs, particularly for its data centers.

🌍 Path to Net-Zero: This move aligns with Amazon’s commitment to net-zero carbon emissions, joining other tech giants like Google and Microsoft in using nuclear power to fuel their data centers.

🔋 Powering Data Centers: AWS partnered with Dominion Energy in Virginia and Energy Northwest in Washington to develop reactors, ensuring long-term energy supply for their massive data operations.

BULL VS. BEAR

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• Coinmarketcap.com — Crypto market data

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• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

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