Jeff Bezos, founder of tech giant Amazon, has amassed enormous wealth over the last few decades, with figures relating to his personal fortune astounding people from time to time. What happened: In one such instance from July 2020, Bezos’ wealth swelled to $171 billion, according to a Bloomberg report, which at the time was more…
Tesla Inc. TSLA CEO Elon Musk quipped on X that Microsoft Corp. MSFT co-founder Bill Gates could face bankruptcy if Tesla becomes “the world’s most valuable company by far,” escalating their long-running dispute over Gates’ short position in the electric vehicle maker. What Happened: The statement comes as Tesla’s market capitalization stands at $1.251 trillion,…
On Monday, major U.S. indices closed in the red, with the Dow Jones Industrial Average falling 0.5% to 44,401.93, the S&P 500 slipping nearly 0.6% to 6,052.85, and the tech-focused Nasdaq dropping 0.6% to 19,736.69. These are the top stocks that gained the attention of retail traders and investors throughout the day. Nvidia (NVDA) shares…
Microsoft Corp. co-founder Bill Gates has maintained a grim view on cryptocurrencies, including Bitcoin BTC/USD, and some of his remarks over the years have been unsparing, to say the least. What happened: The former Microsoft boss delivered a scathing criticism of cryptocurrencies and non-fungible tokens, or NFTs, back in June 2022. At a climate conference,…
Super Micro Computer Inc. SMCI stock surged nearly 9% in after-market hours trading after the company received an extension from Nasdaq to file its overdue annual and quarterly reports by Feb. 25. What Happened: The AI server manufacturer, known for its advanced liquid cooling technology, has been under scrutiny since August when it delayed its annual…
EV charging stocks hit the brakes in November, down 21% over the past month, trailing both broader market indices and the EV sector average. Yet, JPMorgan analyst Bill Peterson sees a bright spot in EVgo Inc EVGO, which continues to pull ahead of peers despite the industry’s sluggish growth. EV Deployments: Running On Fumes The…
Amazon.com Inc. AMZN founder Jeff Bezos and Tesla Inc. TSLA CEO Elon Musk, two of the world’s wealthiest individuals, continue to chart distinctly different paths in their approaches to America’s economic challenges and business leadership. What Happened: At the recent New York Times DealBook Summit, Bezos advocated for addressing the national debt crisis through economic…
On Tuesday, Jeff Bezos’ Amazon.com, Inc. AMZN unveiled advanced AI chip clusters designed to enhance the performance of its partner, Anthropic. This development aims to challenge the current market leaders, Nvidia Corporation NVDA and ChatGPT-maker OpenAI. What Happened: During Amazon’s biggest re:Invent conference of the year, the tech giant deployed hundreds of thousands of its…
The U.S. stock markets were mixed on Tuesday, with the Dow Jones index dropping over 70 points. The NASDAQ and the S&P 500 ended the day in the green, rising by 0.4% and 0.05% respectively. These are the top stocks that gained the attention of retail traders and investors throughout the day. Palantir Technologies Inc. Palantir Technologies saw its stock…
In the electric vehicle (EV) battle, Tesla Inc. TSLA and BYD Co Ltd BYDDF BYDDY are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and budget markets with its diversified lineup and affordability. With Tesla…