Michael Burry of 'Big Short' fame discloses bets against Palantir and Nvidia
Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR).
Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a stock price falling — on two of Big Tech’s darlings.
» Read more about: Michael Burry of 'Big Short' fame discloses bets against Palantir and Nvidia »
Read MoreWe Asked ChatGPT, Grok and 3 Other AIs About the No. 1 Investing Tip for the Middle Class: Here’s What They Said
It may seem like we’ve just begun to realize the impact of artificial intelligence (AI) on our lives at home and at work,
European ETFs See Rare Love Amid Fed Uncertainty
Even as the Federal Reserve tried to cool investor enthusiasm last week, the money kept moving…this time across the Atlantic. Long overshadowed by their U.S. counterparts, European equity ETFs are quietly stealing some of the spotlight.
U.S.-listed ETFs pulled in a hefty $37.6 billion during the week ending Oct 31,
» Read more about: European ETFs See Rare Love Amid Fed Uncertainty »
Read MoreDow falls 450 points as Goldman Sachs, Morgan Stanley CEOs warn of market correction after AI boom
US stocks fell Tuesday as the CEOs of Goldman Sachs and Morgan Stanley warned that markets are due for a correction – adding to investor fears that AI stocks have become overvalued.
The Dow Jones Industrial Average plunged 450 points, or 1%, while the S&P 500 and Nasdaq slid 1.2% and 1.7%,
Read MoreFed's Miran: Cutting interest rates again in December would be 'a reasonable action'
Newly appointed Federal Reserve governor Stephen Miran said Wednesday he thinks it “would still be a reasonable action” for the Fed to continue cutting interest rates, including at its last meeting of the year on Dec. 9-10.
Miran, in an interview on Yahoo Finance, cited earlier policy projections calling for three rate cuts in 2025.
Read MoreThe Burst
Wall Street Is Sleeping on This Fintech Giant—Here’s Why It Could Double
Despite fast growth, high profitability and an extraordinary runway ahead, Nu Holdings (NYSE:NU)’s share price is down almost 24% in the last month as stock markets have sold off in response to weaker economic conditions in the US in 2025. This leaves the question of whether NU could be a good buy today for long-term gains.
» Read more about: Wall Street Is Sleeping on This Fintech Giant—Here’s Why It Could Double »
Read MoreThe Ivy
What Does Buffett Know?
When the rest of Wall Street was riding the AI-fueled tech rally last year, the Oracle of Omaha was quietly doing the opposite, selling more stocks than he bought and stacking cash to the tune of a staggering $347 billion. While the S&P 500 was hitting fresh highs and investors were throwing money at growth stocks,
» Read more about: What Does Buffett Know? »
Read MoreThe Spotlight
How High Can eBay Go?
The e-commerce sector is enjoying an unprecedented rise. Customers appreciate the convenience that online retail provides, lending popularity to the sector. This is why global e-commerce revenue is projected to show an annual growth rate of 9.5% to a projected market volume of $6.48 trillion by 2029.
While the sector expands,