Asia stocks curb some losses as AI rout eases; China rebounds amid bear market
Investing.com– Most Asian stocks reversed early losses on Friday as a rout in technology and artificial intelligence valuations halted, while Chinese markets rebounded after slumping into a bear market this week.
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Read MoreBitcoin ETFs Just Had Their Biggest Outflow Day Since June. Is the Selling Over?
Investors pulled hundreds of millions from Bitcoin ETFs in a single day, snapping a winning streak and sending prices sliding toward a critical support level. Whether this marks a brief stumble or the start of a deeper retreat could hinge…
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Read MoreNvidia Is Moving Deeper Into Intel, AMD Territory: Supermicro Rolls Out 256-CPU Vera Rack
Supermicro on Thursday announced a fully liquid-cooled rack built around 256 Nvidia Vera CPUs for agentic AI workloads.
- SMCI said the rack delivers 22,528 CPU cores and 45,056 threads, with support for up to 22,500 concurrent agent sandboxes.
- It added that Nvidia’s BlueField-4 DPUs and OpenShell and Sentry software would provide networking,
Inflation jumps to 4.3%, adding to pressure for RBA rate rise next week
Australia’s annual inflation rate jumped to 4.3% in September, up from 4.0% in August, keeping pressure on the Reserve Bank ahead of Tuesday’s interest rate decision.
Market expectations for another rate rise next week – which would be the fifth this year – surged to 80% after the inflation report.
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Read MoreThe Burst
Time to Buy or Short This Meme Stock?
History may not repeat but it sure does rhyme and right now there are echoes of pandemic era euphoria. Roaring Kitty’s first tweet in 3 years led to Gamestop share price soaring. And now the public is giddy to know where the trader who turned tens of thousands into tens of millions is turning his attention next.
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Read MoreThe Ivy
Is This High Growth Stock Breaking Out?
Billionaire Stan Druckenmiller was once asked how he thinks about performance and his answer was quite insightful. Most traders might say something like “I aim to make 15% a year” or some other specific figure, but Stan’s answer was I like to “compare myself to the opportunity set” and beat it, meaning whatever the market is doing he likes to ensure he’s generating higher returns,
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Read MoreThe Spotlight
Bombshell Report: Shady Trades In The Halls of Power
In an ongoing investigation, the New York Times has uncovered shady stock trades by members of Congress. Some congressmen and congresswomen appear to have used information they learned in their positions as legislators to make profitable stock trades.
Ethics experts have raised red flags and say this trading could be a significant conflict of interest.
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