Stocks · News reference
Futurum Equities' Shay Boloor calls Nebius a "pounding the table" buy under $150 as the AI cloud turns its capacity pipeline into revenue.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Major U.S. indices ended Wednesday in the red as the Federal Reserve raised interest rates by 0.25%, marking the first increase since 2023. The Dow Jones Industrial Average fell 1.2% to 51,461.90, while the S&P
ON Semiconductor, Carlyle and Coeur Mining led decliners in the hour after the Fed chair spoke. Economists split on whether October or December brings another hike.
Nebius Group NV (NASDAQ:NBIS) shares are climbing Wednesday in what appears to be a technical bounce as the stock builds on last week's news of a strategic partnership with Palantir.
Donald Trump and the GOP are drawing major support from America’s wealthiest donors as billionaires pour cash into the midterm battle.
Michael Burry, famous for predicting the 2008 financial crisis, has dismissed AI slowdown concerns, claiming there is nothing AI to slow down and that major AI companies' calls for development slowdowns are self-serving. He maintains short positions in Nvidia and Palantir, though he recently sold his Nvidia puts. Despite Burry's skepticism, Wall Street remains broadly bullish on both companies, and AI continues to demonstrate value to users.
Michael Burry, famous for predicting the 2008 housing crisis, has placed significant short bets against AI stocks including Nvidia and Palantir, predicting a potential 1987-style market crash. While Burry warns of near-term headwinds and questions the sustainability of AI valuations, the article suggests long-term investors may still find opportunities in quality AI stocks despite current market concerns.