This AI Company Is Up 70% Over the Past Month

Hello and welcome to the Tech Stock Insider, the twice-weekly newsletter covering the biggest opportunities in the tech world.

Today, we’ll look into the latest tech news, highlight some recent movers, and investigate an under-the-radar tech stock with potential.

Big Trade Setup

A rare market setup is happening next week. On December 20, one of the biggest “money frenzies” that Wall Street has ever engineered is set to take place.

There’s one specific ticker to watch, and trading it beforehand could lead to your biggest short-term gains of 2024.

Click below to get the details from Market Wizard Larry Benedict.

Entertainment

Netflix Hits Record Stock High on Strong Subscriber Growth and Content Success

Netflix (NFLX) reached a new peak in its stock performance this week, supported by strong quarterly metrics and steady subscriber growth. Analysts have raised projections for fourth-quarter subscriber additions, reflecting an increase in new users compared to earlier estimates. This growth aligns with a noticeable improvement in global engagement trends, including higher app downloads and daily active user activity.

The company’s programming has played a key role in maintaining its momentum, attracting wide audiences through a mix of popular content and high-profile events. Additionally, Netflix’s ad-supported tier continues to expand its user base, contributing to its overall performance.

Revenue projections for 2025 have also been updated to account for higher subscription numbers, increased advertising contributions, and planned price adjustments. These updates reflect Netflix’s ability to adapt its strategies and capitalize on market opportunities.

The stock’s record-breaking performance highlights the company’s strong operational results and growing global presence. By consistently delivering engaging content and expanding its offerings, Netflix remains a dominant force in the streaming industry, with clear signs of continued growth and audience appeal.

Electric Vehicles

Tesla Faces Lawsuit Over Fatal Crash Linked to Autopilot

Tesla (TSLA) is facing a legal battle following a tragic 2023 accident involving one of its vehicles. The family of a driver who lost his life in the crash claims that Tesla misrepresented the capabilities of its Autopilot technology. The collision, which occurred in California, also left a passenger, the driver’s brother, with serious injuries.

Initially filed in a state court, the case has since been moved to federal court, where proving claims of fraud can present more challenges. The lawsuit centers on a 2021 Tesla Model S that collided with a stationary fire truck while Autopilot was engaged. Allegations suggest that Tesla overstated the system’s abilities, contributing to the incident.

Tesla’s legal team counters that the accident was due to driver error, asserting that its vehicles meet safety standards and that any reliance on marketing claims wasn’t a significant factor in the crash.

This case joins several other legal actions against Tesla related to its Autopilot and Full Self-Driving technologies, many of which are under federal investigation. Regulators continue to scrutinize the company’s claims and safety measures, even as Tesla pushes forward with software updates and new versions of its advanced driving systems.

Defense

Rocket Lab Completes Successful Hypersonic Technology Test for U.S. Defense

Rocket Lab USA (RKLB) recently completed a successful suborbital mission designed to test hypersonic technology for the U.S. Department of Defense. Hypersonic technology, which enables vehicles to travel at speeds greater than five times the speed of sound, operates under extreme conditions that challenge current aerospace systems. These systems must manage high temperatures, complex airflows, and thin shock layers.

The mission, part of the Multi-Service Advanced Capability Hypersonics Test Bed project, is a step forward in expanding hypersonic flight testing for the U.S. military. This initiative, awarded by the Naval Surface Warfare Center Crane, aims to enhance the nation's hypersonic testing capabilities. It is managed under the U.S. Department of Defense's Test Resource Management Center.

Rocket Lab's test platform featured an array of advanced technologies specifically designed for hypersonic tests, including significant improvements to payload capacity. The company also developed the experimental hypersonic instrumentation used on the mission, completing the work on an accelerated timeline. This successful launch highlights Rocket Lab’s role in advancing hypersonic testing for defense applications and its growing capabilities in aerospace technology.

2025 Stock Watch

We already know Trump has vowed to "drill, baby, drill," which would be beneficial for domestic oil companies.

We know he's bullish on artificial intelligence and on energy companies needed to help fuel the power needed for AI and for data centers.

And we know he's bullish on cryptocurrencies, which would explain why Bitcoin rallied to an all-time high a day after the election.

Here are a few specific Trump trades you may want to buy today heading into 2025.

Recent Tech Movers

SOUN has proven to be a big force in a niche spot with its AI-based voice and audio recognition tools. Several large companies have already announced partnerships, leading to 70% gains this month alone.

TSM continues to move in on Nvidia and ASML’s territory with promising projects on the horizon. Investments into new facilities within the United States look to further cement the company’s place and push share prices higher.

PLTR is enjoying a stellar run in 2024, becoming a go-to company as AI takes center stage in the technology scene. Despite quadrupling in value this year alone, the company’s quest to join the Nasdaq 100 could send shares skyrocketing higher.

Don’t Overlook This Tech Stock

Aspen Technology (AZPN) is a relatively silent company responsible for software solutions that optimize assets for various industries. Because it works largely behind the scenes, its innovations and subtle gains largely go unnoticed. It’s nearly regained all lost valuation from late 2022, creeping steadily toward a new all-time high. This consistent growth trajectory and excellent future potential are expected to continue, offering potential for long-term gains.

That's our coverage for today; thanks for reading! Reply to this email with feedback or any tech stocks you want me to check out.

Best Regards,
—Noah Zelvis
Tech Stock Insider