Eric Jackson thinks the dumb money isn’t so dumb anymore. The founder of EMJ Capital, Jackson is known for his contrarian takes on struggling stocks that he sees as turnaround stories. He correctly pegged ailing used car seller Carvana as a winner in 2022 and kicked off the surge in Opendoor Technologies that turned it…
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer offered insights on. Cramer praised the people who run the company and said: “… Of course, there were people who shorted stocks, including me, that were dot-com bombs. And now the same short sellers, not me, because I can’t sell, I don’t own stocks, are…
This article first appeared on GuruFocus. The stock market ignored Palantir (PLTR, Financials) greatest quarter.The software and AI startup reported $1.18 billion in revenue and $0.21 per share in Q3 results this week, exceeding analyst expectations. On paper, that wins. But Palantir’s stock plunged 12% in the days after the revelation, proving that high expectations…
It’s been a tough week for the bulls. The selling in the stock market continued on Friday, extending a decline that puts major indexes on track for a sharp weekly loss. The Nasdaq 100 was down more than 5% in five days, heading for its worst weekly performance since the tariff-fueled sell-off in April. Here’s…
A top market analyst’s warning in late October about a looming “prisoner’s dilemma” and an “AI wobble” in the stock market became chillingly prescient this week as even bullish earnings from Palantir failed to stop a dramatic tech-led selloff. The remarks came from Tony Yoseloff, managing partner and chief investment officer at Davidson Kempner Capital…
Investors hit the brakes on the AI trade this week. The market doesn’t seem as confident about AI as it once was, evidenced by the sell-off that tore through the sector on Tuesday. Top leaders in the AI sector — including Nvidia, Meta, and Palantir — all tumbled, thanks largely to concerns that tech stocks…
Michael Burry is betting that AI is more likely a bubble than a revolutionary movement. His fund, Scion Asset Management, revealed November 3 that it invested in the fall of Palantir and Nvidia’s stocks. Burry made a fortune when he predicted the 2008 financial crisis and bet against the U.S. housing market collapse. His instinct…
US stock futures were mixed Tuesday night following a rough trading session that saw all three major averages close deeply the red. Dow Jones Industrial Average futures (YM=F) ticked up around 0.2%, while S&P 500 futures (ES=F) hugged the flatline. Nasdaq 100 futures (NQ=F) slipped around 0.2%, as AI chip giant AMD (AMD) saw its…
Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR). Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a…
Topline Shares of Palantir fell more than 8% after market open on Tuesday, leading a broader market decline after the software firm reported better-than-expected earnings, as some economists warned of “rally exhaustion” after a meteoric rise for several stocks this year. One analyst suggested stocks may be suffering from “rally exhaustion.” AFP via Getty Images…