Michael Burry has fired another shot at AI kingmaker Nvidia. The investor, who rose to fame in “The Big Short,” took aim at the Jensen Huang-led chipmaker in a new Substack post on Tuesday. This time, he flagged what he sees as “serious competition” for the GPU firm, pointing to reports about Etched, an AI
In the high-flying world of AI investing, sometimes you get the bull, and sometimes you get the horns. After a long ride on the bull, Gen Z hedge-funder Leopold Aschenbrenner found out last week how quickly things can shift, even for a whiz kid once called the “Nostradamus of AI.” It’s a story that was
OpenAI just gave software stocks a beating with its latest push into enterprise work. After the company on Wednesday unveiled a new product aimed at making AI agents more effective for customers, software stocks like Workday, Atlassian and HubSpot plunged. The product, called Presence, increases OpenAI’s competition with established software providers. As first reported by
Global stocks fell on Friday as investors soured on technology stocks and worried about a new surge in energy prices. AI companies have reported stellar profit growth in recent days, but they have also committed to spending hundreds of billions on building AI infrastructure, leading some investors to question whether they will ever see a
Warren Buffett says he made a mistake with Alphabet. The Oracle of Omaha said he called on Berkshire Hathaway to invest billions in Alphabet. The conglomerate owns shares worth about $31 billion. Buffett’s only regret? That Berkshire did not invest in Google’s parent company before, he said in an interview with CNBC this week. “I
