Gill owns five million common shares of GameStop and even more in call options, according to unverified posts from his Reddit account, a position worth well over $100 million.
Tesla shareholders will decide next week whether to reinstate CEO Elon Musk’s unprecedented 11-figure bonus, a decision Wall Street classifies as a pivotal moment for the carmaker as the centibillionaire’s head turns to his various other endeavors.
Apple has now officially wiped out its 15% drawdown from January to April as the market sold Apple stock and bought others seen as more in-vogue AI bets.
Tuesday’s selloff was almost certainly not related to Monday’s technical error which briefly showed a 100% loss for Berkshire, but it was a puzzling loss.
Berkshire Hathaway, the conglomerate helmed by billionaire Warren Buffett, did not in fact lose almost its entire $900 billion market capitalization.
After briefly turning positive early Friday, shares of Trump’s social media company declined in volatile trading.
If you believe Nvidia’s CEO that we’re amidst a “new industrial revolution,” then an investment in Nvidia is akin to an investment in the steam engine in the 1700s.
The “godfather of AI” is a much richer man thanks to Nvidia stock’s more than 20,000% increase over the last decade.
Results are in for Nvidia’s monumental earnings report.
The return to social media of the pandemic era meme stock captain didn’t just boost shares of fabled meme stock GameStop, it sent several other meme stocks up big, helping make the fortunes of billionaires linked to the entities even richer.