Michael Burry shares the earnings reports he’s watching to see if IBM’s disastrous quarter is an industrywide problem
Michael Burry says coming tech earnings will reveal whether IBM’s disastrous quarter is a company issue or a sector-wide problem.
3 min read
Michael Burry’s grim warnings are a ‘godsend,’ star tech investor says
Tech investor Gavin Baker said he’s “grateful” to Michael Burry as he wants “a really smart person who’s credibly banging a bearish drum.”
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Micron just showed that investors can still get excited about AI spending
Micron stock jumped on news that it will boost spending for US chip making. It was a rare moment of excitement among investors over ballooning capex.
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South Korea’s Kospi slumps 8% as investors look beyond the chip boom
The chip selloff spilled into Japan, where chipmaker Kioxia — the country’s most valuable company — tumbled 13.5%.
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‘Root for the crash’: Why a venture capitalist says the AI bubble needs to burst
A prominent venture capital investor argues that the bursting of the AI bubble is what will lead to a “Renaissance cycle” of growth and innovation.
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Meta stock spikes 10% on reports of a plan to sell excess AI compute
Meta stock rallied on Wednesday after a report said it’s getting into the cloud computing game with the aim of selling excess compute capacity.
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‘Big Short’ investor Michael Burry reveals fresh bets against Tesla, Nvidia, and Caterpillar
Michael Burry of “The Big Short” revealed fresh bets against Tesla and chip stocks, and took a bearish position in Caterpillar for the first time.
3 min read
‘Get it while it’s cheap’: An investment firm shares its top under-the-radar AI play
Kerrisdale Capital revealed a bullish position in Regal Rexnord, emphasizing its exposure to hot AI plays in robotics, and data centers.
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These 3 forces fueled the stock market’s best quarter in years
The Dow gained 9% in the first six months of the year, the best first-half since 2021, while AI hype fueled major gains in the Nasdaq 100.
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Apollo’s top economist warns of a painful market repricing as returns on AI investment slow
Apollo’s chief economist says that returns on AI investment are likely confined to the tech sector for now, warning of a “slower cash flow reality.”
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3 charts to understand the stock market’s ‘mega rotation’ out of tech
The tech sector is under pressure as investors rotate away from mega-cap names into areas of the market that have lagged year-to-date.
3 min read
Turnaround stories and idiosyncrasies: BofA shares 8 mid-cap stocks poised to rally in the 2nd half
While investors are focused on AI and Big Tech, Bank of America says they should also be looking at the mid-cap segment for opportunities.
4 min read
Why tech stocks are struggling in the ‘Twilight Zone’ right now
The tech sector endured more selling this week as investors continued to dump high-flying chip and memory stocks.
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Michael Dell is absolutely crushing it this year
Michael Dell has overtaken Warren Buffett, Jensen Huang, Mark Zuckerberg, and Larry Ellison on the rich list by tapping into the AI boom.
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Stock market spoiler: Apple’s price hikes erase Micron’s post-earnings tech rally
Stocks kicked off Thursday’s trading session with a tech rally that quickly fizzled as investors weighed Micron earnings and Apple price hikes.
3 min read
An AI skeptic has sounded the alarm on OpenAI’s finances ahead of its IPO. Here’s what the investing pros say.
Ed Zitron’s post this month revealing financial details at OpenAI set off alarms ahead of the ChatGPT maker’s eagerly awaited IPO.
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Hedge fund billionaire Philippe Laffont shares the one type of tech stock he’s loading up on
Philippe Laffont of Coatue Management is focused the “pick-and-shovel” component of the AI trade, eyeing stocks that supply materials to chip makers.
3 min read
A chief strategist says watch this signal to know when to get out of high-flying tech stocks
It’s not time to leave the AI party yet, one chief investment strategist says, but while fundamentals are strong, he flags one sell signal to watch for.
2 min read
Ex-Goldman boss Lloyd Blankfein pinpoints the 3 stock-market sectors he’s focused on right now
Former Goldman Sachs CEO Lloyd Blankfein says he’s invested in a mix of stocks and ETFs, and likes three areas of the market in particular right now.
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Retail hype for SpaceX stock shows no sign of waning days after the IPO
SpaceX stock is still dominating retail-trader circles days after the IPO, with inflows surpassing the usual favorites like Nvidia and the QQQ ETF.
2 min read