Empery Digital’s BTC holdings crater 68% as proxy fight intensifies
A Delaware judge ruled that Empery Digital stockholder names are not a business strategy, ordering an activist to unredact them.
Results for Stocks
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Jefferies slashes SanDisk price target 42% despite record earnings
SanDisk posted record revenue, record margin and a $14B share buyback, and Jefferies cut $1,250 off its stock price target.
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.
Amazon gained the market cap SpaceX lost in six weeks
On June 16, Amazon and SpaceX had the same market capitalization: $2.65T. Today, Amazon is twice as valuable as SpaceX.
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.
South Korea’s KOSPI has erased more than Bitcoin’s market cap in 29 days
The KOSPI has erased about $1.6T of market value since June 19, more than all the BTC in the world is worth.
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.
SpaceX IPO banks yell ‘buy’ as stock craters
SpaceX has shed over $1.1T since June 16, but the banks that split $500M selling its IPO still rate the stock a "buy."
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.