Listen to the audio version of this article (generated by AI). Warsh’s hawkish Jackson Hole comments… why the AI trade may take it in stride… a new flareup in the Middle East… the Canada trade-war headlines to look past… and the plays underneath them Two weeks ago, we told you not to expect Fed Chair … Read more
Prediction: Tesla Stock Will Plummet Below $100 if the S&P 500 Enters a Bear Market
Russ Cohen
Key Points Tesla stock trades at a sky-high price-to-earnings ratio of 321, making it 12 times as expensive as the S&P 500 average. The S&P itself could be vulnerable to a sharp sell-off due to its own elevated valuation, which could send Tesla stock plunging to $100 (or less). Tesla’s electric vehicle business is recovering … Read more
Where the Smart Money Is Moving Next in the AI Boom
Russ Cohen
Listen to the audio version of this article (generated by AI). Every quarter, Wall Street looks closely at NVIDIA Corporation’s (NVDA) latest results for clues about where the artificial intelligence boom may be headed next. And on the latest earnings call, the company revealed something that caught my attention. Higher memory costs are reportedly forcing … Read more
Billionaire Stanley Druckenmiller Sold Broadcom and Bought These Artificial Intelligence (AI) Giants Instead
Key Points Stanley Druckenmiller was early to spot the potential for some of the biggest AI chipmakers in the market. He bought Nvidia (NASDAQ: NVDA) for his Duquesne Family Office portfolio in late 2022. He ultimately made hundreds of millions of dollars from that purchase, but he admitted he sold the stock too soon, fully … Read more
SK Telecom's SK Horizon Spinoff: A New AI Growth Engine for SKM?
To capitalize on the rapidly growing demand for AI infrastructure, SK Telecom Co. SKM plans to split its wholly owned subsidiary SK Broadband into two entities: the surviving SK Broadband and a newly established company, SK Horizon, dedicated primarily to AI data center (AIDC) infrastructure. The restructuring separates SKM’s traditional connectivity and media businesses from … Read more
The Signal That Says Crypto Winter Is Finally Breaking
Crypto’s dead zone may finally be ending… Listen to the audio version of this article (generated by AI). Editor’s Note: For months, the smart crypto play was patience – waiting until the market showed real evidence the next cycle was turning. Last week, for the first time, it did. Bitcoin reclaimed its 200-day moving average, … Read more