August 2024 - Page 2 of 18

Nvidia (NVDA), buyers on the dip couldn’t even wait for the market to open. In pre-market trading alone, $NVDA has already risen by about 6% from its low.

Since yesterday’s post-market low, the stock has added +$160 billion in market capitalization. Meanwhile, nearly all major banks have raised their price targets today. Calling it “bullish” is an understatement. https://preview.redd.it/hxvrd571ulld1.png?width=1358&format=png&auto=webp&s=83b7f2b4fd18fb6215a91d8717376b9f94f46c2f submitted by /u/XGramatik [link] [comments]

STOXX EUROPE 600 INDEX SURPASSES PREVIOUS RECORD CLOSING HIGH

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Telegram founder before vs. after $14 BILLION. Durov should be judged not for Telegram, but for being a sperm donor. Genetic material does not know about money.

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Bloomberg — Nippon Steel Corp. (5401.T, NPSCY) plans to invest an additional $1.3 billion at plants operated by United States Steel Corp. (X) as the Japanese company steps up efforts to secure union support for a takeover bid that’s been opposed by both President Joe Biden and Donald Trump.

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Economit: Meta is accused of “bullying” the open-source community. It hopes its models will set the standard for open-source artificial intelligence

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АР:Iran claims Yemen’s Houthi rebels will allow rescuers to salvage oil tanker ablaze in Red Sea.Last week’s attack on the Sounion marked the most serious assault in weeks. Targeting shipping through the Red Sea corridor over the Israel-Hamas war, the attacks have disrupted the $1 trillion in trade

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Yikes!

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https://x.com/elonmusk:

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Nvidia is now the first stock to have an in-person watch party for earnings results. We’ve reached a point where it’s just ridiculous. It’s damn bad when companies dominate this much.

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NVDA down 5% as pre-market trade gets underway

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Politico: Nikolai Durov, the elder brother of Pavel Durov, has been declared wanted in France

The information about Nikolai Durov being wanted in France appears in recent reports. French authorities issued an arrest warrant for Nikolai Durov, the brother of Pavel Durov and co-founder of Telegram, back in March. This action is part of a broader investigation into Telegram, which has been under scrutiny for its alleged involvement in various illegal activities. Nikolai’s current whereabouts remain unknown, but the authorities are continuing their investigation. The situation escalated after the recent arrest of Pavel Durov in France, further intensifying the legal pressure on both brothers(POLITICO,CoinGape). Nikolai Durov is believed to have developed the data compression algorithm used in Telegram. He is a proponent of open-source software and actively participates in the development of free software. The elder Durov was recognized as one of the most influential people in the IT industry according to Forbes magazine. submitted by /u/Ankle_be [link] [comments]

AP: Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surge.The company reported a net income of to $16.6 billion. Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from a year ago and 15% from the previous quarter

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BlackBull Markets: Can Gold’s Uptrend Survive Friday’s PCE Data?

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AP:Stock market today: Losses for Big Tech companies lead Wall Street lower.The S&P 500 fell 0.6%, weighed down by drops in Nvidia, Apple, Microsoft and Amazon. 56% of the stocks in the benchmark index finished in the red.The Dow Jones Industrial Average fell 0.4%. The Nasdaq composite closed 11.1%

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Pepperstone: Nvidia earnings may have beat expectations, coupled with decent guidance, but the beat wasn’t significant enough to prevent an after-hours sell-off. Full recap here

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OPENAI IN TALKS FOR FUNDING ROUND VALUING IT ABOVE $100B: WSJ

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Pepperstone: Markets, once again, are getting all over-excitable about the prospect of rate cuts, leaving the door open to a potential hawkish reversal

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Super Micro Computer stock (SMCI) drops over 10% after delaying their FY2024 10-K filing, citing the need for more time to assess internal controls over financial reporting. This comes a day after Hindenburg Research accused them of accounting manipulation. Not looking good.

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Politico: “Telegram CEO’s brother also wanted by French authorities” – All the dirt is starting to come out – about kids, courts, and maybe worse. Is it time to short the whole TON ecosystem?

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Forbes: A lawsuit has been filed against Pavel Durov in Switzerland, accusing him of violence against his children.

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(with the voice of Harry Potter’s elf): “Toney is free!”. I wonder, will he ever have a comeback. If he will, a trading card with him is worth buying rn. Thoughts?

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Foot Locker shares tank 9.9% after Q2 – Guess sneakers aren’t recession-proof after all.

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The news of Durov’s release turned out to be premature. The source cited by several TON-affiliated channels clarified that Durov was released from custody to appear in court, meaning it’s just a change in procedural status. Toncoin dropped 4% as the info became clear. Sell this—it stinks.

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Meanwhile, Warren Buffett’s Berkshire Hathaway (BRK.A) just became the first U.S. company outside the tech sector to hit a $1 trillion market cap. Damn, it’s not just too big—it’s freakin’ colossal to fail!

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Market concentration just hit dot-com bubble levels

Tech, telecom, and healthcare now make up a record 45% of global stocks as of July 2024. That’s a 10% surge in just four years, blowing past the previous high of 44% from the 2000 dot-com bubble. https://preview.redd.it/tqqizypgefld1.jpg?width=862&format=pjpg&auto=webp&s=171de91b0f80c65a0cd058113a517c13878554b2 Meanwhile, financials, energy, and commodities have sunk to 25% of global capital—lower than in 2000. Last time the bubble popped, tech, telecom, and healthcare stocks lost their dominance for years, while financials, energy, and commodities took over. Get ready for round two. submitted by /u/FXgram_ [link] [comments]

Justin Sun: TRON blockchain has been running smoothly for seven years. According to him, the network has not stopped even for a microsecond. The blocked value of assets (TVL) in the TRON network is more than $8.3bn.

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❗️ A Paris court has released Pavel Durov from custody — BFMTV

According to BFMTV, the investigating judge ended Durov’s detention by the police for the initial interrogation and possible charges. submitted by /u/XGramatik [link] [comments]