Michael Burry Says Big Tech Is 'Spending Wildly' on AI Because CEOs Expect to Be 'Granted an Oligopoly' That Can't Fall
Michael Burry said Big Tech's AI spending spree is driven by an expectation of an oligopoly too large to fail.
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JPMorgan CEO Jamie Dimon warns the US dollar could lose its reserve status in 25 years if American power slips, fragmenting global economy.
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Michael Burry said Big Tech's AI spending spree is driven by an expectation of an oligopoly too large to fail.
SpaceX is reportedly planning to raise $40 billion in loans and debt, led by Apollo, to buy Nvidia AI chips.
Corteva stock surged 12.99% following JPMorgan's upgrade to overweight with a $19 price target, implying 53.3% upside from the previous closing price of $12.39. The upgrade comes after Corteva's October spinoff of its advanced seed and genetics business, with JPMorgan believing the company is now undervalued. The crop protection segment has shown strong growth, with over $1 billion in sales increases and 250 basis points of margin expansion from 2020-2025.
Jamie Dimon says soaring AI investment and heavy government borrowing are competing for capital as interest rates rise.
The U.S. dollar reached a two-month high as markets increasingly price in additional Federal Reserve rate hikes to combat inflation. The Dollar Index has gained 2.01% over the past month and 2.66% year-to-date. ETFs tracking dollar strength, such as UUP and USDU, are positioned to benefit from continued greenback appreciation amid hawkish Fed expectations.
Central banks defy rising yields with structural gold buying. Discover why gold holds over $4,000 despite high Treasury yields.