Kim Kahn

Its all-time high was $33.7 billion during the 2021 short squeeze.

Also in the salary sphere, new Berkshire Hathaway CEO Greg Abel will receive an annual cash salary of $25 million, effective January 1st.

That's a major jump from Warren Buffett's long-time compensation, a $100,000 base salary, and just over $305,000 in additional pay.

Among active stocks, that's all folks, at least as far as Warner Bros.

Discovery's board is concerned.

The board unanimously rejected Paramount Skydance's amended tender offer, saying it still undervalues the company, leads too heavily on debt, and leaves shareholders exposed if the deal falls through.

WBD reiterated its support for the Netflix tie-up and urged investors to reject Paramount's bid.

D-Wave Quantum is gaining attention after agreeing to buy Quantum Circuits for $550 million, a mix of stock and cash.

The deal pairs D-Wave's scalable superconducting control tech with Quantum Circuit's error-corrected gate model approach.

And Evercore ISI says Apple remains its top hardware pick, pointing to steady iPhone strength and potential upside from an AI-powered Siri upgrade.

On the economic front, ahead of Friday's official jobs report, ADP said private sector employment rose by 41,000 in December, rebounding from a 29,000 drop in November but missing the 47,000 consensus.

In addition, the November Job Openings and Labor Turnover Survey, or JOLTS,

showed openings fell to $7.146 million in November, well below the consensus of $7.648 million and the lowest level since 2024.

In other news of note, what price memory?

You heard in today's Wall Street Breakfast about the rally in memory chip stocks as prices climb.

Now, Samsung president and head of global marketing, Wonjin Lee, is echoing concerns that rising costs are reaching the point where they'll hit everyone in the supply chain.

There's going to be issues around semiconductor supplies, and it's going to affect everyone, Lee told Bloomberg at CES.

Prices are going up even as we speak.

Obviously, we don't want to convey that burden to the consumers, but we're going to be at a point where we have to actually consider repricing our products.

And in the Wall Street Research Corner, you say GIF, I say GIF, but what do they say about where stocks are heading?