The hype over AI seems endless, and investors are salivating at the opportunity to finally buy shares of some of the biggest names in the industry. But as Anthropic and OpenAI prepare to go public, and as SpaceX stock struggles after a historic initial public offering, there is reason for investors to tread carefully, says
A chorus of market commentators has proclaimed that the Magnificent Seven cohort is dead, and Bill Smead joins the funeral. In an interview with Business Insider on Tuesday, Smead, who manages the Smead Value Fund (SMVLX), which, according to Morningstar data, has outperformed 98% of similar funds over the past 15 years, said Mag 7
SpaceX stock has struggled after a brief burst of post-IPO enthusiasm, and bears are taking a moment to reiterate their bearish views on the stock. A month after a historic initial public offering, SpaceX shares fell below the initial offering price of $135 on Wednesday, marking a 40% drop from its high of around $225.
SpaceX shares fell below their IPO price of $135 for the first time since the company’s successful public debut in June. On Wednesday, SpaceX shares fell to a low of $132.15 before recovering some of that loss to end the day just above its IPO threshold of $135.28. The latest drop marks a 40% drop
Michael Burry took a break from commenting on the stock market to focus his attention on booming prediction markets like Kalshi. In short: not impressed. The investor, made famous by Michael Lewis’ crisis-era saga “The Big Short,” shared his pessimistic assessment as prediction platforms withstand criticism over how ordinary users are faring and claims that
Bank of America’s Bull & Bear indicator just issued its biggest “sell” signal since at least 2021. “Extreme bullish positioning says risk exposure is reduced,” Michael Hartnett, the bank’s chief investment strategist, said in a note on Friday. The indicator takes into account the positioning of hedge funds, stock and bond flows, stock index breadth,