MicroStrategy hit its highest level relative to bitcoin since 2019. How to hedge it, per Wolfe
Wolfe Research’s Rob Ginsberg thinks MicroStrategy, a bitcoin proxy, is overbought in the near term.
AMD launches AI chip to rival Nvidia’s Blackwell
Advanced generative AI such as OpenAI’s ChatGPT requires massive data centers full of GPUs, which has created demand for more companies to provide AI chips.
CNBC’s Inside India newsletter: Is China’s stock market rally behind Indian equity losses?
China’s CSI 300 index has gained about 25% since the stimulus measures were announced, while India’s Nifty 50 has fallen by more than 3.5%. Will that continue?
Morgan Stanley just met with Nvidia’s CEO and came away even more confident in its top pick
“This is still an exceptional situation, with AI the most important trend in technology,” analyst Joseph Moore said.
Microsoft announces new AI tools to help ease workload for doctors and nurses
Microsoft announced a series of new health-care data and AI tools for clinicians on Thursday.
Pfizer threatened to sue renegade executives prior to activist schism, Starboard’s Smith says
Starboard’s Jeff Smith called on the company to assemble a special committee to investigate the matter, describing it as “flagrantly unethical.”
Hedge funds do an about-face on the China trade, selling stocks in record numbers
Hedge funds posted the largest single-day net selling of Chinese securities on Tuesday, according to Goldman Sachs’ prime brokerage data.
Airbus monthly deliveries fall, piling pressure on annual target as production woes persist
“Reaching year end delivery guidance will be challenging, but not impossible,” analysts at Deutsche Bank said.
Why the U.S. government is investigating Google
A series of complaints say Google’s dominant behavior in the online search, advertising, and web applications markets is violating antitrust laws.
7-Eleven’s parent company cuts full-year earnings forecast, presses ahead with restructuring
The news comes as the Japanese retail group resists a takeover attempt by Canada’s Alimentation Couche-Tard.
