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‘The Big Short’ investor Michael Burry has expanded his bearish bets against chipmaker Nvidia Corp. (NASDAQ: NVDA ) while piling into long stakes in Lululemon Athletica Inc. (NASDAQ: LULU ) and DraftKings Inc. (NASDAQ: DKNG ), confirming he made no sells in his latest portfolio update, according to his July 30 post. Do
Oil falls on report Pakistan is pushing for new U.S.-Iran talks with China's backing
During the last two years, the AI trade has increasingly diverged from the broad market. The K-shaped environment, in which investors bought the obvious names— NVIDIA Corp. (NASDAQ: NVDA ), Advanced Micro Devices Inc. (NASDAQ: AMD ), Micron Technology Inc. (NASDAQ: MU ) —worked as capital rushed toward silicon. However
David Rosenberg urges investors to abandon AI market plays and invest in undervalued US housing sector, which he expects to 'double very quickly'
Alphabet and Microsoft are considered safer choices in the AI race
Tech giants such as Alphabet and Microsoft are the safer choice in the AI race
Tech giants such as Alphabet and Microsoft are the safer choice in the AI race