Latest Updates Around The World
The declines follow a volatile week in global markets, which also saw sharp swings in gold and silver. While precious metals found buyers on Tuesday after recent losses, cryptocurrencies failed to gain support. Bitcoin and US stocks fell as rising tensions between the US and Iran prompted investors to seek safe assets.Bitcoin’s plunge casts doubt […]
Michael Burry, famed investor of The Big Short, took aim at electric car maker Tesla in a blog post, saying the Elon Musk-led company is “ridiculously overvalued”, days after expressing concerns about the current AI boom. Burry estimated that Tesla dilutes its shareholders by about 3.6% per year without buybacks, and Musk’s record-breaking compensation package […]
Nvidia’s stock price just experienced one of the most extreme valuation swings in market history – almost 1 trillion dollars in less than three days. This is uncomfortably similar to the technology bubble of the late 1990s, and it raises an important question: Are we in an AI bubble? Let’s decipher that question and ways […]
Big Tech’s ability to generate ever-increasing profits has supported investors’ continued enthusiasm for the stocks, regardless of their rising valuations. But what if those numbers are exaggerated?That’s the question famed investor Michael Burry asked this week in a much-discussed social media post. The head of Scion Asset Management, which is best known for betting against […]
Michael Burry, the investor immortalized by The big short one for predicting the 2008 housing market collapse has once again roiled global markets. His fund, Scion Asset Management, has taken a bearish position on Nvidia and Palantir, two of the biggest symbols of the ongoing artificial intelligence (AI) boom, according to a CNN report. Scion […]
