Memory chip stocks fall into a bull market amid latest tech sell-off
00:00 Jerry
So let’s take a look at the semiconductor board. They are in a bear market now. Uh we got more analysis on that in a minute, but just wanted to show you a lot of dark red here. Intel down 10%. Uh this is only today.
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Read MoreThe most bullish SpaceX call projects the stock to rise 430% from current levels
SpaceX, the Elon Musk-owned enterprise, which made its debut on the Nasdaq on Tuesday, July 7, received a flurry of bullish initiations as the silent period of managers who ran the IPO came to an end. The one that stood out was from Raymond James.
The brokerage initiated coverage on SpaceX with a “strong buy”
Read MoreSpaceX stock now enters the post-honeymoon faith phase
A flood of analyst initiations on SpaceX (SPCX) hit the market Tuesday, 16 trading days after Elon Musk’s rocket-telecom-AI-neocloud-social media company made its debut.
Most of them were bullish.
The stock fell by nearly 7%, closing below $150 for the first time since the SpaceX IPO.
» Read more about: SpaceX stock now enters the post-honeymoon faith phase »
Read MorePolice warn of cryptocurrency scams leveraging World Cup to target victims
SINGAPORE: The Singapore Police Force (SPF) on Wednesday (Jul 1) warned of cryptocurrency scams that leverage the ongoing World Cup to target victims.
In a news release, the police noted that the scams involve malicious links and unauthorised transactions, and that scammers are increasingly utilising online platforms and messaging services to deceive victims and gain access to their cryptocurrency holdings.
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Read MoreUAW white paper “Trade and the American Dream”: A brief for economic nationalism and imperialist war
On July 1, the Trump administration refused to renew the US-Mexico-Canada Agreement (USMCA) at the pact’s six-year joint review. The agreement remains in force, but Washington’s refusal converts every subsequent annual review into an instrument of extortion, allowing the United States to extract fresh concessions from Canada and Mexico.
The Burst
Billionaire Sells Major AI Stock
Over three decades, Druckenmiller compounded capital at roughly 30% a year without a single losing year, a record I am not sure is matched by anyone, anywhere Buffett included. So what’s this investing maestro doing now?
In the third quarter, Druckenmiller exited Broadcom entirely, a company that is a tollroad in the chip wars of AI.
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Read MoreThe Ivy
Warren Buffett’s Final Warning Shot
At Berkshire Hathaway, cash has swelled to levels that dwarf the market capitalizations of many household-name companies. Estimates put the pile near $400 billion, much of it parked in short-dated U.S. Treasuries.
Berkshire didn’t wake up one morning and decide to sit on mountains of cash. The buildup has been gradual,
» Read more about: Warren Buffett’s Final Warning Shot »
Read MoreThe Spotlight
Wall Street Gave Up, The Business Didn’t
Most people still think of Docusign as a digital signature tool. That’s a mistake, and it’s exactly the gap management is trying to exploit.
Over the last year, Docusign has rolled out its Intelligent Agreement Management platform, which aims to solve a much bigger and more expensive problem: what happens after a contract is signed.
» Read more about: Wall Street Gave Up, The Business Didn’t »