The post Michael Burry Sees Trouble Ahead for Micron, Takes Short Position on MU appeared on BitcoinEthereumNews.com.
Key highlights: Michael Burry disclosed a new short position in Micron Technology He said the stock’s run is driven by FOMO The chipmaker recently reported record revenue and strong AI demand Michael Burry, the investor made famous by The Big Short, has taken an interesting bet against one of the hottest names in the AI space. Burry recently revealed that he has opened a short position on Micron stock. This comes even as the memory-chip maker saw record financial results and benefited from the AI demand. His move came as a surprise to many investors, considering the fact that the company has been one of the strongest performers in the semiconductor sector this year. Micron’s incredible run is a concern for Burry In a Substack post, Burry said the MU stock rally was being driven by “fear of missing out.” He also called it the “greater fool theory.” According to him, Mi
The post How much ‘Trump Accounts’ kids could have when they turn 18 appeared on BitcoinEthereumNews.com.
Between remarking that the memory giant Micron (NASDAQ: MU) will donate $250 million and that Elon Musk will also contribute, President Donald Trump has brought his ‘Trump accounts’ for children born between January 1, 2025, and December 31, 2028, back into focus. Given the circumstances, Finbold decided to calculate how much the $1,000 tax-advantaged investment account might be worth if opened on July 7, 2026, by the time the child beneficiary turns 18. To begin with, the benchmark S&P 500 market index was trading at 1,252.31 on July 7, 2008 – 18 years ago – and, by press time, it is at 7,489.53. Given the change, the popular cross-section of the U.S. equity markets rose 498.06%. S&P 500 benchmark stock market index chart. Source: Google Therefore, assuming American stocks perform roughly the same in the next 18 years as they have in the previous, a ‘Trump account’ worth $1,000 on
Max single-threaded CPUs at scale are a new category of CPUs built for the agentic AI era. Across the creation and deployment of an agentic system, the CPU is on the critical path for reasoning, response time and learning. CPUs are the processor which executes the work the AI model commands: the tool calling, code […]
Micron's stock volatility highlights the cyclical nature of the memory market, raising concerns about sustainability amid AI-driven demand.
The post Micron stock falls as investors speculate on memory market peak appeared first on Crypto Briefing.
The EU's plan highlights the need for digital sovereignty but lacks enforceable measures, risking increased reliance on US tech solutions.
The post EU unveils AI cybersecurity action plan amid deepening US tech reliance appeared first on Crypto Briefing.
Galaxy delivered 133 MW of critical IT load to CoreWeave under a 15-year lease. Helios shifted from Bitcoin mining into a revenue-generating AI data center campus. Phase II adds 260 MW as Galaxy targets over $1B in annual revenue from Helios. Galaxy has completed the first phase of power delivery at its Helios data center […]
The post Galaxy Delivers 133 MW to CoreWeave as Bitcoin Mine Becomes AI Hub appeared first on Live Bitcoin News.
Google has updated its Search services privacy settings to allow the company to store and use uploaded media, including images, audio recordings, and video, to train its AI models, a change that was communicated to users via a low-profile email in June and applied by default. The update introduced two new settings, Search Services History […]
AI investments may lead to a market correction if non-tech sectors fail to see profit growth, echoing past tech bubble concerns.
The post Apollo’s Torsten Slok warns AI spending isn’t boosting profits outside Big Tech, raising repricing risk appeared first on Crypto Briefing.
