Market Brief
Burry’s $1B AI Short Hits Palantir as Mega-Cap Tech Slides From Record Highs
Michael Burry’s $1B short and broad tech drawdowns highlight fading confidence in high-valuation AI leaders.
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Michael Burry’s $1B short and broad tech drawdowns highlight fading confidence in high-valuation AI leaders.
Bitcoin briefly plunged to $82,000, triggering about $300 million in liquidations in just 15 minutes.
U.S. markets lost $1 trillion as major indexes hit September lows, while crypto shed another $120 billion in 24 hours.
Alphabet overtakes Microsoft with a $3.68T valuation as Gemini 3 momentum and Buffett’s buying drive strong investor demand.
MicroStrategy’s stock slides 40% in a month as a further 15% Bitcoin drop could push its massive holdings into loss.
Nasdaq 100 futures rise 2% as a higher unemployment rate boosts expectations of a more cautious Fed.
Shanghai now has an ATM that melts gold and transfers funds to bank accounts within 30 minutes.
A trader earned about $4 million in one day after Nvidia call options jumped 40% ahead of the company’s earnings.
European stocks climb about 1% as Nvidia earnings calm AI-valuation worries.
Nvidia’s Q3 report is emerging as a key test of whether the AI hardware boom can maintain momentum.
Kraken has confidentially filed for a U.S. IPO after raising $800 million and reaching a $20 billion valuation.
Alphabet shares surged past $300 for the first time after the Gemini 3 launch and a major Berkshire Hathaway stock purchase.