Michael Burry, known as the 'Big Short' trader, has increased his short position against Nvidia as the stock price fell from around $210 to $193.45. Burry's bearish stance reflects his skepticism about the sustainability of the AI boom and concerns over debt in private credit linked to chip leases and data center projects. Despite criticism, Burry's move aligns with broader worries about delays in data center construction and potential overvaluation of Nvidia's hardware. He also raised short bets on Micron, Caterpillar, and the iShares Semiconductor ETF, maintaining shorts on Tesla and Palantir.
Apple became the second company ever to surpass a $5 trillion market valuation, reaching $5.04 trillion after its shares hit a session high of $342.89. This milestone was driven by strong demand for Apple products and its choice to avoid heavy AI spe...
The FTSE 100 index rose 98 points to 10,880, nearing its all-time high, driven by strong quarterly results from Unilever, which posted its best volume growth in over ten years. Other notable gainers included GSK, Diageo, and Croda, buoyed by positive...
MEXC's RealStocks platform, launched in June 2026, saw SpaceX (SPCX) capture nearly 30% of trading volume and user activity, marking it as the most popular stock among over 7,000 US stocks and ETFs available. AI-related stocks collectively accounted ...
Tech and chip stocks fell sharply as investors worry about a potential AI bubble and China's rapid tech advancements. Major US chipmakers like Micron, AMD, and Nvidia saw significant declines, while investors question if massive AI spending by giants...
Nvidia reported a doubling of its business year-over-year with Q1 2026 revenue reaching $81 billion and net profit at $58.3 billion. Despite these strong financial results, its shares have traded flat for six months, reflecting skepticism and competi...
