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Esteban Ma

573 Articles

Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, mainly focusing on covering equities, cryptocurrencies and commodities. With two years of experience in crypto at Gate.io Research and three years in comprehensive finance, he specializes in cryptocurrency industry analysis and macroeconomic analysis.

He passed the Certificate of Security Qualification(CSQ) and Certificate of Futures Qualification(CFQ).

Written by Esteban Ma

Reviewed by Esteban Ma

CATL’s 75% Surge Hints at a Broader Revaluation - Triple Re-rating from AI, Batteries, and Globalization

TradingKey - Shares of CATL (Contemporary Amperex Technology Co. Limited), the world’s leading battery manufacturer, have surged 75% from April lows, yet analysts still view it as the “cheapest battery stock globally”, suggesting that its share price has not yet caught up with its earnings power

Can Oracle Deliver on Its OpenAI Bet? Moody’s Turns Skeptical Over All-In Cloud Gamble

TradingKey - The volatility of Oracle's stock price reflects investor concerns about the actual feasibility of fulfilling the contract, including Oracle’s capacity to deliver and OpenAI’s ability to pay.

Caught Between GPU and CPU, Is AMD the Big Loser in Nvidia-Intel Alliance?

TradingKey - After Nvidia’s announcement of a $5 billion investment in Intel and a strategic chip development partnership, AMD saw its stock drop more than 5% in early Thursday trading, as investors worried that a powerful alliance between its top rivals — Nvidia in GPUs and Intel in CPUs — could

The Biggest September “Triple Witching Day” Arrives — Will It Trigger a Sell-Off or Break the September Effect?

TradingKey - Ahead of this Friday’s much-feared “Triple Witching Day”, the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 all hit new all-time highs — the first time in nearly four years that all four indices have simultaneously reached record levels. With Fed rate cut

Nvidia to Invest $5 Billion in Intel — The Lifeline Could Save Intel but Alienate Its Own Partners

TradingKey - Following the U.S. Trump administration’s “national equity stake” initiative, struggling semiconductor giant Intel (INTC) has received another major boost: Nvidia (NVDA), the global leader in AI chips, will invest $5 billion in Intel — not only buying shares but also entering a

MSCI Emerging Markets Stocks End 9-Day Rally — Blame the Fed’s Lack of Dissent

TradingKey - Emerging market equities' 9-day rally stalled after the September Fed meeting, where the first rate cut of 2025 was delivered as expected. Beyond the fact that the cut was already priced in, the lack of dissenting voices within the FOMC emerged as a surprising headwind.

No More Needles? Novo’s Oral Weight-Loss Pill Matches Wegovy Injection for the First Time

TradingKey - Novo Nordisk has released data showing its Wegovy pill achieves weight loss on par with the injection for the first time. Meanwhile, Eli Lilly’s orforglipron, an oral GLP-1 tablet, is expected to gain approval by year-end and launch in 2026 — signaling a potential end to the injection

China Moves to End Google Antitrust Probe while Targeting Nvidia: A Signal to Washington?

TradingKey - Sources say China is planning to terminate its antitrust investigation into Google, shifting regulatory focus squarely onto chip giant Nvidia. Beijing’s strategy of using the “blockade of Nvidia” as leverage to strengthen its bargaining position is becoming increasingly evident.

Is China Phasing Out Nvidia? ByteDance, Alibaba Pull Back as In-House AI Chips Rise

TradingKey - As China’s domestic AI computing chips rise in capability, the U.S.-China tech rivalry is entering a new phase where software and hardware strengths are becoming increasingly balanced. After launching an antitrust investigation into Nvidia, China has further tightened restrictions on

Why the September Fed Meeting Feels So Strange? The Answer Lies with Miran, Cook and Trump

TradingKey - Beyond analyzing whether the updated dot plot after the Fed’s rate decision reflects a dovish or hawkish tilt, investors are increasingly curious about what will become of the Federal Reserve amid political interference, personnel changes, and potential institutional shifts. The Wall

Oracle Play Bloom Energy Soars 230% as Morgan Stanley Doubles Price Target, Betting Big on Oracle-Tied Growth

TradingKey - As capital markets celebrate Oracle’s entry into the AI core with record-breaking orders, Bloom Energy (BE.US), a U.S. clean energy company, is also surging at an astonishing pace. Its recent partnership with Oracle has propelled Bloom Energy’s stock to more than triple year-to-date, an

[U.S. IPO] Buyers Frenzied Like Fans? StubHub IPO Sees 20x Oversubscription, Masking Profitability Challenges

TradingKey - After years of ownership changes and a withdrawn IPO plan, StubHub, the largest secondary ticket marketplace in the U.S., is set to go public on the New York Stock Exchange under the ticker STUB, with an expected valuation of $8.6 billion. Investors are watching whether this founder’s

U.S. Stocks Thrive on a Weak Dollar: Deutsche Bank Highlights Dollar-Hedged ETFs

TradingKey - After U.S. tariffs sparked a wave of “de-dollarization,” the dollar has remained weak while U.S. stocks continue to hit record highs — a divergence that has drawn attention. On Tuesday, amid expectations of Fed policy easing, the U.S. Dollar Index (DXY) fell below 97 for the first time

Economy Slows, Stocks Soar — What’s Behind the U.S. Market Paradox?

TradingKey - While many investors maintain bullish views on U.S. equities citing Fed rate cuts, a puzzling phenomenon continues to baffle markets: weak economic data, yet stocks keep hitting new highs.

September Fed Watch: A Policy Pivot That Could Make or Break the Bull Stock Market

TradingKey - The Fed’s September FOMC meeting is widely seen as locking in the first rate cut of 2025. Yet strategists at Morgan Stanley, JPMorgan, and Oppenheimer warn that as investors shift focus to slowing growth, a more cautious tone may replace bullish stock sentiment.

TikTok Deal Boosts Oracle; Shares Rise 3% on Renewed Hopes of Strategic Role

TradingKey - Following reports that China and the U.S. have reached a basic framework agreement on TikTok during economic talks in Spain, Oracle’s stock reversed a two-day 11% decline, surging over 3% as the company is seen as a key player in enabling TikTok to continue operating in the U.S.

Elon Musk Spends $1B on Tesla Shares Amid Defence of Mega Pay Package

TradingKey - After a 14% surge over the last two trading sessions, news that the world’s richest man, Elon Musk, has doubled down on his own company sent Tesla shares soaring another 8% in pre-market trading — putting the stock on track for its highest level since February.

Will the Fed’s Rate Cut Trigger a Stock Market Drop Instead of a Rally?

TradingKey - While lower borrowing costs should theoretically boost liquidity and support U.S. equities, deeper concerns about an impending economic slowdown, and the risk that rate cuts have already been priced in too aggressively, suggest the market may be approaching not a continuation of the

China’s Energy Storage “Doubling Plan” Sends CATL Soaring — Morgan Stanley and JPMorgan Say Buy

TradingKey - Fueled by China’s new energy storage doubling plan and supportive auto supply chain policies, investor interest in the energy storage sector has surged. With Morgan Stanley and JPMorgan issuing bullish calls, global battery leader CATL (Contemporary Amperex Technology Co. Limited) saw

Big Bull Market Ahead? Weak August Data Fuels Expectations of Sweeping China Stimulus

TradingKey - Slowing growth in China’s industrial output and retail sales in August is fueling expectations for a new round of large-scale economic stimulus. As September marks a critical juncture for whether China’s stock market will enter a slow bull or fast bull phase, investors are anticipating

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