Caterpillar stock falls 4% as Michael Burry shorts stock after AI rally
Michael Burry has taken a bearish position against Caterpillar, arguing that the construction equipment maker has become one of the most overvalued beneficiaries of the artificial intelligence investment boom. Burry disclosed on Tuesday that he shorted Caterpillar shares at $1,060.98 as
Russell 2000 hits fresh high, but here’s why the rally may soon lose steam
Small-cap stocks began the new trading month and quarter on a strong footing, with the Russell 2000 climbing to a fresh all-time high on Wednesday as investors continued rotating beyond the market's biggest technology companies. The index was up 0.65% on
Meta-driven sell-off in CoreWeave stock makes no sense: here’s why
Investors are bailing on CoreWeave (CRWV) shares on July 1 following news that Meta Platforms (META) is building an internal cloud infrastructure business dubbed “Meta Compute”. The sell-off stems mostly from fears that a resourceful name like Meta may soon become
Why are Micron, SanDisk, and other semiconductor stocks falling today?
Micron Technology MU shares fell more than 8% on Wednesday as a broad selloff in semiconductor stocks gathered pace, with investors locking in profits after a record first half for the sector. At the same time, a fresh class-action lawsuit
Nebius stock is crashing, and it has its biggest customer to blame
Nebius Group (NBIS) stock is under immense pressure this morning mostly because of aggressive new competitive threat from its biggest customer – Meta Platforms (META). As investors bailed on NBIS, the artificial intelligence (AI) infrastructure firm sunk below its 20-day moving