This article first appeared on GuruFocus. A swift and brutal unwinding of leveraged crypto positions torched over $1.5 billion in long bets Monday, triggering the largest liquidation event since March. Ether bore the brunt, tumbling as much as 9% to $4,075, as nearly half a billion dollars in bullish wagers on the token were flushed…
This article first appeared on GuruFocus. Elon Musk is dedicating more time to xAI, his artificial intelligence startup, while Tesla (TSLA, Financials) faces growing pressure from its board and shareholders. At a recent staff meeting, Musk described xAI as focused on building truth-seeking AI, warning of risks if systems are trained to mislead. He outlined…
This article first appeared on GuruFocus. Sep 12 – Tesla (NASDAQ:TSLA) shares climbed about 7% on Friday to $395, the highest level since February, after the company expanded its energy storage offerings. At an event in Las Vegas earlier this week, Tesla introduced its Megapack 3 battery unit alongside a new large-scale system called the…
This article first appeared on GuruFocus. Sep 12 – Warner Bros. Discovery (NASDAQ:WBD) shares surged about 29% Thursday and 10% on early Friday trading after reports that Paramount Skydance (NASDAQ:PSKY) is preparing a majority-cash offer for the media company, according to a Thursday report. The proposed bid would target WBD’s entire business, the film studio,…
This article first appeared on GuruFocus. US stocks may be about to get another tailwind and it’s not from earnings or rate cuts. According to JPMorgan strategists led by Nikolaos Panigirtzoglou, share repurchases could jump by another $600 billion in the coming years, after already hitting an all-time high of $1.5 trillion in 2025. They…
This article first appeared on GuruFocus. BYD (BYDDF) may finally be getting its shot at India. After years of diplomatic frost and stalled ambitions, the Chinese EV powerhouse is quietly assembling its return strategythis time, with real boots on the ground. Ketsu Zhang, the company’s India Managing Director, is expected to land in the country…
This article first appeared on GuruFocus. Sep 9 – Artificial intelligence (AI) stocks stayed in the spotlight Tuesday as Nebius Group (NASDAQ:NBIS) unveiled a multibillion-dollar contract with Microsoft (NASDAQ:MSFT) while investors looked ahead to Oracle’s (NYSE:ORCL) quarterly results. Nebius said it struck a $17.4 billion deal to supply AI infrastructure to Microsoft over the next…
This article first appeared on GuruFocus. UOB’s $1.3 billion exposure to Shimao Group’s (SHMAY) luxury Beacon Peak development in Hong Kong is starting to look more like a liability than a lending success. The Singapore-based bank is extending the loan’s maturity by another three years, after quietly failing to sell it to private credit funds…
This article first appeared on GuruFocus. Xiaohongshu, China’s lifestyle-content darling, is starting to look less like a TikTok cloneand more like a profit machine. The Shanghai-based company, known internationally as RedNote, has privately told investors it expects to triple profit this year to $3 billion, according to people briefed on the matter. That puts it…
This article first appeared on GuruFocus. Alibaba (BABA, Financials) is testing a new artificial intelligence chip that could give Chinese firms more options as access to Nvidia hardware remains restricted, the Wall Street Journal reported Friday. The chip is built by a Chinese manufacturer and is more versatile than Alibaba’s earlier AI processor, which had…