Bitcoin Falls Below $62,000 After Strategy Sells BTC to Fund Dividend Payment
Bitcoin fell below $62,000 after Strategy sold 3,588 BTC worth about $216 million to help fund a dividend payment.
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Bitcoin fell below $62,000 after Strategy sold 3,588 BTC worth about $216 million to help fund a dividend payment.
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.
Michael Burry has expanded his bearish bets against the AI semiconductor sector, shorting Micron, Nvidia, Applied Materials, and the iShares Semiconductor ETF while warning that valuations resemble the dot-com bubble.
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.
Michael Burry warned that AI and semiconductor stocks may be approaching dot-com-style valuations, arguing that parts of the sector could face a correction of up to 30%.
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.
SpaceX lost $178 billion in market value after shares fell nearly 10%, bringing total losses from the recent peak to about $895 billion.
Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
Ark Invest purchased 45,728 shares of SpaceX, adding to its exposure to one of the world’s fastest-growing technology companies.
Ferrari replaced marketing chief Enrico Galliera after the disappointing launch of its first electric vehicle contributed to an 8% drop in the company’s shares.
Michael Burry exited his short position in Palantir and opened a long-term bullish position in Microsoft through December 2028 call options.
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986, raising concerns that Japan could intervene again to support the currency.
SpaceX shares climbed 12% over the past two sessions as investors bought the dip following the company’s sharp post-IPO correction.
Netflix shares have fallen nearly 50% over the past year as investors reassessed valuation despite continued business growth.