Short-seller called Nvidia top by not trusting Jensen Huang
Culper Research shorted Nvidia after guessing the $5T AI giant might be re-routing Chinese demand for AI chips through neighboring countries.
Results for Spotlight, Stocks
33 stories, newest first
Credit default swaps forecast AI bankruptcies
CDS spreads are deteriorating across mega-cap AI stocks including Alphabet, Amazon, Meta, and SpaceX, which all hit record spreads this week.
Intel posts record $16B growth, workers rewarded with job cuts
Intel beat its own forecasts, posted a massive $16B in revenue, but still found a raft of jobs to terminate.
Apple overtook Nvidia as largest public company this morning
Apple surpassed Nvidia at 9:40am New York time to become the world’s largest public company, then handed back that crown within an hour.
South Korea’s stock market is officially more volatile than BTC
South Korea’s stock market index, KOSPI, now swings harder on an average day than BTC, with higher annualized realized volatility.
IBM just had its worst day since Black Monday
IBM crashed 26%, shedding $72B of its market cap in a single day after CEO Arvind Krishna confessed the company faltered during Q2.
GoPro founder lends company $20M after 99% stock collapse
Nicholas Woodman became a billionaire from GoPro. Now, with the stock down 99% from its peak, it took financing from him to survive.
NAKA CEO after 96% decline: ‘We’ll get this over with as quickly as possible’
Nakamoto, David Bailey’s BTC treasury company of treasury companies, declined 96% from its all-time high this morning.
Why the S&P 500 committee could deny MSTR inclusion on Friday
MSTR investors are hoping for good news from the US Index Committee on Friday about its potential S&P 500 inclusion.
— Carl Rickertsen, MicroStrategy
MicroStrategy director quietly dumps all his MSTR shares
MicroStrategy's Carl Rickertsen sold over $10M this year, admitted zero ownership, and continued an uninterrupted series of insider sales.