Jensen Huang, co-founder and CEO of Nvidia Corp., holds up the company’s AI accelerator chips for data centers as he speaks during the Nvidia AI Summit Japan in Tokyo on Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images Artificial intelligence is still an abstract concept for many everyday consumers unsure about how it […]
Digital health stocks pummeled by Wall Street in 2024, but Hims surges
Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE If the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health tech providers largely suffered. Of 39 […]
MicroStrategy rides ‘red sweep’ to 477% gain in 2024, top tech stock
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images On the eve of MicroStrategy‘s stock market debut in June 1998, founder Michael Saylor stayed in a penthouse suite at […]
House Democrats say GOP caved to Elon Musk, protecting China interests
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters House Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their Republican colleagues in Congress caved to the demands of Elon Musk, sinking a […]
Elon Musk endorses far-right Alternative for Germany party in election
Tesla CEO Elon Musk, a meagdonor and adviser to President-elect Donald Trump, is now seeking to influence Germany’s election, posting an endorsement on X of the country’s far-right Alternative for Germany (AfD) party. In a post Thursday night, Musk wrote, “Only the AfD can save Germany.” Musk, who has over 200 million listed followers on […]
Bitcoin falls 8% in volatile trade around $93,000 as sell-off intensifies
Omer Taha Cetin | Anadolu | Getty Images Bitcoin fell sharply on Friday amid broader investor caution toward risk assets. Bitcoin dipped below the $93,000 mark earlier in the day before trading above that price in volatile trade. By around 8:26 ET, bitcoin was trading at $93,809.39, according to Coin Metrics, down around 8% from […]
Tesla shares sink 8%, giving up some gains from post-election pop
A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is […]
Trump NASA pick Jared Isaacman made big bet on stablecoins with Shift4
Jared Isaacman, Mission Commander, steps out of the manned Polaris Dawn mission’s “Dragon” capsule after it splashed down off the coast of Dry Tortugas, Florida, after completing the first human spaceflight mission by non-government astronauts of the Polaris Program. – | Afp | Getty Images President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is […]
Databricks valued at $62 billion from $10 billion financing
Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024. Smith Collection/ gado | Archive Photos | Getty Images Databricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that values the software maker at $62 billion. With the money, Databricks will be able […]
Bitcoin crosses $106,000 ahead of this week’s Fed decision
Omar Marques | LightRocket | Getty Images Bitcoin rallied to a new all-time high before quickly pulling back as investors awaited an expected interest rate cut by the Federal Reserve later this week. On Monday, the price of the flagship cryptocurrency was last higher by less than 1% at $103,873.00, according to Coin Metrics, after […]