Technology giants worldwide are in a frenzy to secure Nvidia chips. Saudi Arabia and the UAE have emerged as the most recent significant purchasers of Nvidia technology, which plays a pivotal role in the ongoing AI competition. This development further contributes to worries regarding a shortage of chips, as the demand for GPUs surpasses the …
In the previous quarter, Michael Burry entered pessimistic positions by placing bearish bets against the S&P 500 and Nasdaq-100. The investor famous for “The Big Short” also liquidated his holdings in Alibaba, First Republic, and a variety of other stocks. During that timeframe, Burry’s Scion fund significantly increased its holdings in mining, shipping, and energy …
Main Street Research reveals: The stock market’s fiery surge is fueled by the fear of missing out! Amidst tranquil waters, investors set sail in pursuit of the market’s elusive treasures, as record-low stock market volatility betrays their fervent chase AI realm’s uncharted depths, most stocks are still finding their footing, cautions the research firm. In …
CSX — The so-called “transportation juggernaut” took a nosedive of 5% like a clumsy acrobat missing its mark, all because it couldn’t keep up with Wall Street’s great expectations for revenue in the second quarter. Pathetic, really. They landed at $3.7 billion, well below the $3.74 billion estimate from those financial gurus over at Refinitiv. …
Stocks That Defied Expectations and Took Wall Street by Surprise Today in Afterhours Read More »
