Esteban Ma
💼TradingKey Financial Editor
🏅CFA Level 2 CANDIDATE
📊Stocks | Cryptocurrency | Commodities
Summary
Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, 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 and macroeconomic analysis.
Areas of Expertise
Macroeconomic Research: Analysing Federal Reserve policy, inflation trends, and employment growth
Crypto Finance: Analysing blockchain projects
Data Modeling: Proficient in building and analysing statistical models
Market Insights: Keenly capturing market trends, reporting headline news, and conducting in-depth analyses
Experience
TradingKey｜Financial Editor 2023 - Present · Shenzhen Responsible for writing and publishing real-time news and in-depth analysis articles in the fields of macroeconomics, stock markets, cryptocurrencies, and commodities. Gate.io｜Financial Analyst 2021 - 2023 · Shenzhen Focused on analysing blockchain projects and on-chain ecosystems, building models for traditional finance and crypto finance, and interpreting on-chain metrics and market trends.
Total 624 articles
Biggest Cloud Provider Amazon’s AI Lag Makes It the Magnificent Seven’s Most Vulnerable in 2025
TradingKey - Despite remaining the leader in cloud computing, Amazon has struggled to convince investors with a clear AI growth narrative, and its dominance in the cloud may be at risk. Amazon’s stock has risen just 0.60% this year, making it the weakest performer among the U.S. tech Magnificent
Wed, Sep 24
Powell Flashes Red Light to Stocks: Valuations High, October Rate Cut Not Guaranteed
TradingKey - Reiterating that there is no risk-free path for monetary policy, Fed Chair Jerome Powell has now sounded a warning on elevated stock valuations.
Wed, Sep 24
Supply Crunch, Record Profits, Profit Focus: Micron’s Q4 Earnings Defy the Memory Cycle
TradingKey - Micron Technology (MU), the sole U.S.-based memory chipmaker, delivered a stunning Q4 FY2025 earnings report and issued first-quarter FY2026 guidance far above market expectations. Fueled by AI and data center demand, High Bandwidth Memory (HBM) products are in severe shortage, and
Wed, Sep 24
Doves Lone, Hawks Strike Back — U.S. Treasuries Fall for Four Days as Inflation Fears Haunt Fed Officials
TradingKey - After the Federal Reserve restarted its easing cycle in September and signaled two more rate cuts this year, several Fed officials have shifted toward a more hawkish tone, leaving only Stephen Miran, the Trump-backed new Fed governor, standing alone in advocating additional aggressive
Tue, Sep 23
Is Google Facing Another Breakup? U.S. Antitrust Focuses on the AdX Platform
TradingKey - After failing to force Google to divest its Chrome browser, the U.S. government is now concentrating its antitrust firepower on another major case: demanding that Google sell off its online advertising exchange platform, AdX.
Tue, Sep 23
The $100 Billion Alliance: NVIDIA’s Deep Ties to OpenAI Cement Its Role as AI’s Backbone
TradingKey - After raking in massive profits from selling AI chips, Nvidia is now transforming from a hardware supplier into an architect of the AI ecosystem through aggressive infrastructure investments. The company’s latest strategic partnership with OpenAI, involving a potential $100 billion
Tue, Sep 23
H-1B Restrictions as Trade Weapon? India Faces Dual Threat to Its IT Exports and Currency
TradingKey - Since around 70% of H-1B visa beneficiaries are of Indian origin, the Trump administration’s new policy to raise H-1B application fees to $100,000 is widely seen as a direct blow to India’s globally renowned IT services industry — potentially an extension of escalating tensions in the
Tue, Sep 23
ASML Poised to Be the Ultimate AI Winner, Bolstered by Wall Street as Oracle, Intel Surge
TradingKey - In the two-year U.S. bull market, Nvidia, the quintessential “picks and shovels” play of the AI era, has been seen as a guaranteed winner in any AI-driven trade. But as Nvidia faces tightening chip export restrictions, Wall Street is shifting focus upstream — to ASML, the Dutch
Mon, Sep 22
Who Pays for Trump’s H-1B Visa Fee Hike? The Triple Shock: Corporate Costs, Labor Chaos, Innovation at Risk
TradingKey - Citing the need to "protect American workers," President Donald Trump has signed a new executive order overhauling the H-1B visa program, raising application fees from around $5,000 to $100,000 per visa — sending shockwaves through U.S. corporations. Critics warn this “worker-first”
Mon, Sep 22
Pfizer Bets Big with 110% Premium to Acquire Metsera — A Lifeline in the Weight-Loss Drug Race
As Novo Nordisk and Eli Lilly dominate the weight-loss drug market — building empires from scratch — and after its own R&D setbacks, U.S. pharmaceutical giant Pfizer (PFE) is now going all-in with a doubled-premium acquisition of rising obesity drug developer Metsera.
Mon, Sep 22
Wall Street’s De-Dollarization Shift: Short the Dollar, Not U.S. Assets — Hedging America with Precision
As Fed rate cuts loom and some of President Trump’s policies — including tariffs — show signs of softening, Wall Street analysts are rewriting the “de-dollarization” script into a more nuanced strategy: “Hedge America.” Investors are selling the U.S. dollar, but still buying U.S. equities.
Fri, Sep 19
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
Fri, Sep 19
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.
Fri, Sep 19
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
Fri, Sep 19
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
Fri, Sep 19
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
Thu, Sep 18
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.
Thu, Sep 18
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
Thu, Sep 18
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.
Thu, Sep 18
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
Wed, Sep 17
