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Michael Burry has expanded his bearish AI bets, arguing that semiconductor valuations and AI expectations resemble the dot-com bubble.
NVIDIA co-founder Curtis Priem sold his entire stake for about $50 million by 2006—a holding that would be worth roughly $600 billion today.
Revolut will stop supporting USDT under the EU’s MiCA regulation, requiring users to withdraw their holdings before August 31.
Michael Burry disclosed new bearish positions against Caterpillar, Tesla, NVIDIA, and Applied Materials as he continues betting against parts of the U.S. equity market.
OpenAI is reportedly discussing a proposal that would give the U.S. government a 5% stake in the company, currently valued at roughly $42.6 billion.
Warren Buffett has called passing on Amazon’s 1997 IPO one of the biggest mistakes of his career, with a hypothetical $1 million investment now worth billions.
Apple is reportedly losing the executive leading Vision Pro and smart glasses to OpenAI as competition for AI talent intensifies.
Oil prices dropped below $68 per barrel after Qatar reported progress in indirect Iran-U.S. talks, extending crude’s decline to 43% from its recent peak.
SpaceX lost $178 billion in market value after shares fell nearly 10%, bringing total losses from the recent peak to about $895 billion.
A senior Apple executive overseeing Vision Pro and smart glasses is reportedly leaving the company to join OpenAI.