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He bought Nvidia at $101, rode the AI wave to solid gains, and then dumped everything. In a post on the Stocks subreddit, a 25-year-old investor said he sold his entire portfolio—including top performers like Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), and Alphabet (NASDAQ:GOOG, GOOGL)) —because he's convinced the market is sitting on a ticking time bomb. "I have SOLD IT ALL because I fear that it might crash because of all the uncertainty and overvaluation," he wrote. Despite gaining around 1...
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TeraWulf rebounded Wednesday morning after the bitcoin mining and data center firm missed third-quarter expectations late Tuesday. Revenue jumped 87% to $50.6 million on higher average bitcoin prices, expanded mining capacity and other factors. The company posted a loss of $1.13 a share, which was affected by a loss for the change in fair value of Google warrants and derivative liabilities...
Continue ReadingThe company still needs a few big deals to move toward its ambition of a double-digit share of the AI data-center market...
Continue ReadingAI is still a massive opportunity...
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Nvidia stock was wavering Wednesday as Foxconn Technology Group said there was strong demand for artificial-intelligence hardware. Nvidia shares were broadly flat at $193.24 in early. The stock fell 3% on Tuesday after Japan’s SoftBank Group disclosed that it had sold a $5.83 billion stake in the chip maker...
Continue ReadingNew Lyngby site becomes company's largest quantum research hub worldwide...
Continue ReadingAnthropic PBC will spend $50 billion to build custom data centers in the US. They'll start coming online in 2026 according to the company. OpenAI, Meta Platforms Inc., Google, Microsoft Corp., Nvidia Corp. and other leading tech companies plan to collectively spend hundreds of billions of dollars on data centers to support AI. Bloomberg's Ed Ludlow reports...
Continue Reading“Rich Dad Poor Dad” author Robert Kiyosaki is doubling down on his message that being an entrepreneur is the safest path in today's unstable economy. Layoffs Surge In a recent post on X, Kiyosaki reacted to news that executive outplacement firm Challenger, Gray & Christmas expects 153,000 American workers to be laid off. “Breaks my heart,” he wrote. “Few events in anyone's life are more painful than being fired.” But Kiyosaki then contrasted that pain with his own path. “I've never been fired be...
Continue ReadingAmazon stock is rated a Strong Buy with 21% upside, driven by AI growth, strong financials, and a dominant market position. Click here to read more on AMZN...
Continue ReadingA report the company is exploring a sale comes as it faces pressure from activist investor Starboard Value...
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