Your News Portal
Trump indicated he had discussed this decision with Chinese President Xi Jinping. (AI image) US President Donald Trump has given the green signal to tech giant Nvidia to sell its H200 processors to China. The Trump administration has decided to permit exports of Nvidia’s H200 processors, their second-best AI chips, to China whilst implementing a…
Michael Burry, the investor famed for betting against the US housing market in “The Big Short,” is now shorting Nvidia and Palantir-two flagbearers of the AI rally. In a blistering Substack post, Burry dismissed Nvidia’s internal memo rebutting his concerns as “disingenuous on the face, and disappointing.”He accused the world’s most valuable company of deflecting…
Nvidia’s market value has reportedly gone down nearly 5% (which is more than $150 billion in market value) based on a single report. A recent report by The Information claimed that Facebook parent Meta is considering using Google-designed AI chips. The stock price of the US-based chipmaker, which is also the world’s largest company by…
US stocks recovered on Friday after a volatile week, with major indices rising on renewed expectations of a December interest-rate cut amid sharp swings in artificial intelligence-linked and cryptocurrency assets.The S&P 500 climbed 1.2% in early trade, while the Dow Jones Industrial Average gained 709 points, or 1.6%. The Nasdaq composite rose 1% after fluctuating…
President and CEO of Nvidia Corporation Jensen Huang delivers a speech during the Computex 2025 exhibition in Taipei, Taiwan. (AP Photo/Chiang Ying-ying, File) Inside a windowless building in Jakarta, Indonesia, approximately 2,300 of Nvidia’s cutting-edge Blackwell chips are being prepared for use by a Chinese AI company—despite President Donald Trump’s explicit opposition to selling such…
US stocks extended their sharp decline on Friday, with Wall Street’s highfliers — led by Nvidia and bitcoin-linked plays — continuing to lose steam, pushing the S&P 500 towards a second straight heavy loss. The index was down 1.1% in early trading, following one of its worst sessions since the spring sell-off that triggered a…
Michael Burry, the renowned “Big Short” investor, has terminated his hedge fund, Scion Asset Management’s registration. According to the Securities and Exchange Commission’s database, Scion’s status changed to “terminated” as of November 10, eliminating the need for regulatory filings, as reported by Reuters.Scion, which controlled $155 million in assets as of March, has been closely…
Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong…
Michael Burry, famous for predicting the 2008 crisis, has placed a $1 billion bet against Nvidia and Palantir, predeicting an AI bubble/ File Michael Burry, the investor made famous by predicting the 2008 financial crisis, is back, this time betting against two of the most prominent companies in the growing artificial intelligence (AI) sector: Nvidia…
Michael Burry’s Scion Asset Management recently placed $1.1 billion in bets against Nvidia and Palantir, managing roughly $1.38 billion total Michael Burry, the real-life investor immortalised by Christian Bale in The Big Short (2015), built his reputation on one of the most daring financial calls in modern history. Long before the 2008 financial crisis hit,…
