Stocks · News reference
Sen. Bernie Sanders says California's Proposition 40 billionaire tax could fund healthcare for 3 million as Sergey Brin, Big Tech billionaires spend millions to defeat it.
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
Elon Musk says SpaceXAI’s Colossus 2 could reach 1.21 million Nvidia chips by year-end, despite power, cooling and networking bottlenecks.
While SpaceX's stock valuation might appear attractive during a market crash, the article argues this could be a poor buying opportunity. SpaceX is unprofitable, highly capital-intensive, and dependent on raising funds to pursue its $350 billion AI growth strategy through 2030. During a market crash, capital becomes scarce and expensive, potentially forcing SpaceX to cut spending and lose competitive ground to profitable rivals like Alphabet who can continue aggressive investment.
Under new CEO Greg Abel, Berkshire Hathaway has aggressively increased its stake in homebuilder Lennar by 81% this quarter, purchasing $212 million worth of shares over three days following the company's disappointing earnings report. The investment reflects confidence in a long-term housing turnaround despite current headwinds from rising interest rates and declining sales, positioning Berkshire to capitalize on the severe U.S. housing shortage.
Big Tech's AI expansion faces a power bottleneck as global electricity demand from data centers could surge 1,100% by 2033.
Piper Sandler analyst Thomas Champion maintains Meta Platforms (NASDAQ:META) with a Overweight and raises the price target from $785 to $875.
Meta reaches new 52-week high as analysts view new Muse AI agent as a game-changing consumer growth strategy across 3.6B users.