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TradeDatt

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09-09

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06-19

$Tesla Motors(TSLA)$ EM is a engineer andnot a financial analyst. The EV market is saturated and nothing Elon can do to harbour tthis ship safely.

05-23

$VBI Vaccines(VBIV)$

05-23

$Brainstorm Cell Therapeutics(BCLI)$

05-21

$Acacia Research(ACTG)$

05-20

$Bunker Hill Mining Corp.(BHLL)$

05-20

$Seanergy Maritime(SHIP)$

05-20

$VinFast Auto(VFS)$

05-20

$Ocean Biomedical(OCEA)$

05-20

$Tuya Inc.(TUYA)$

05-20

$Taseko Mines(TGB)$

05-18

$CEL-SCI Corp(CVM)$

05-18

$Cardiff Oncology, Inc.(CRDF)$

05-18

$PEXA Group Ltd(PXA.AU)$

05-18

05-18

$SkyCity Entertainment Group Ltd(SKC.AU)$

05-18

$SoundHound AI Inc(SOUN)$

05-18

$SoundHound AI Inc(SOUN)$

05-18

$Advanced Micro Devices(AMD)$

05-18

$Kintara Therapeutics, Inc.(KTRA)$

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sarisfied on your presumption to make a bet","text":"Its all about market research and even more research until you are 100% sarisfied on your presumption to make a bet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281966905946272","isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278772981141768,"gmtCreate":1709087614763,"gmtModify":1709088407333,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"Sad day for New Zealand as news media are the cornerstone of our democracry that hold the executive accountable for their action/inaction...","listText":"Sad day for New Zealand as news media are the cornerstone of our democracry that hold the executive accountable for their action/inaction...","text":"Sad day for New Zealand as news media are the cornerstone of our democracry that hold the executive accountable for their action/inaction...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278772981141768","repostId":"2414353994","repostType":4,"repost":{"id":"2414353994","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1709087365,"share":"https://ttm.financial/m/news/2414353994?lang=&edition=fundamental","pubTime":"2024-02-28 10:29","market":"us","language":"en","title":"Warner Bros Discovery Plans to Close New Zealand TV News Provider","url":"https://stock-news.laohu8.com/highlight/detail?id=2414353994","media":"Reuters","summary":"By Lucy Craymer      WELLINGTON, Feb 28 (Reuters) - One of New Zealand's two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadc","content":"<html><head></head><body><p>WELLINGTON, Feb 28 (Reuters) - One of New Zealand&#39;s two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs.</p><p>Warner Bros Discovery , which owns the news service Newshub that airs on television channel Three, said in a statement it needed to further reduce costs and that meant major changes including the planned shut down of the newsroom.</p><p>Under New Zealand law, a proposed restructure or redundancies must be consulted on before a final decision can be announced. A final decision is expected in early April.</p><p>If implemented, the closure will end 35-years of broadcast news on the network Three and will leave state-owned but editorially independent TVNZ as the dominant producer of broadcast news for the New Zealand market.</p><p>“Free-to-air and news are expensive businesses to run. Put simply, the economic headwinds means the returns are not there,” said Glen Kyne, a senior vice president, at Warner Bros Discovery in Australia and New Zealand.</p><p>He added that he knew that Newshub was a &#34;crucial part of a functioning media sector in New Zealand.&#34;</p><p>“These proposed changes will be hard if they are implemented, but we think they are necessary,” Kyne said.</p><p>Newshub said on its website that 200 journalists, producers, editors, camera operators and associated staff could lose their jobs.</p><p>Warner Bros Discovery reported said it plans to continue operating digital platform ThreeNow and network channel Three and these would show programming from the network’s extensive library and local programming where funding could be obtained.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warner Bros Discovery Plans to Close New Zealand TV News Provider</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarner Bros Discovery Plans to Close New Zealand TV News Provider\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-02-28 10:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WELLINGTON, Feb 28 (Reuters) - One of New Zealand&#39;s two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs.</p><p>Warner Bros Discovery , which owns the news service Newshub that airs on television channel Three, said in a statement it needed to further reduce costs and that meant major changes including the planned shut down of the newsroom.</p><p>Under New Zealand law, a proposed restructure or redundancies must be consulted on before a final decision can be announced. A final decision is expected in early April.</p><p>If implemented, the closure will end 35-years of broadcast news on the network Three and will leave state-owned but editorially independent TVNZ as the dominant producer of broadcast news for the New Zealand market.</p><p>“Free-to-air and news are expensive businesses to run. Put simply, the economic headwinds means the returns are not there,” said Glen Kyne, a senior vice president, at Warner Bros Discovery in Australia and New Zealand.</p><p>He added that he knew that Newshub was a &#34;crucial part of a functioning media sector in New Zealand.&#34;</p><p>“These proposed changes will be hard if they are implemented, but we think they are necessary,” Kyne said.</p><p>Newshub said on its website that 200 journalists, producers, editors, camera operators and associated staff could lose their jobs.</p><p>Warner Bros Discovery reported said it plans to continue operating digital platform ThreeNow and network channel Three and these would show programming from the network’s extensive library and local programming where funding could be obtained.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4100":"有线和卫星","BK4125":"广播","BK4108":"电影和娱乐","BK4585":"ETF&股票定投概念","WBD":"Warner Bros. Discovery","BK4588":"碎股"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2414353994","content_text":"WELLINGTON, Feb 28 (Reuters) - One of New Zealand's two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs.Warner Bros Discovery , which owns the news service Newshub that airs on television channel Three, said in a statement it needed to further reduce costs and that meant major changes including the planned shut down of the newsroom.Under New Zealand law, a proposed restructure or redundancies must be consulted on before a final decision can be announced. A final decision is expected in early April.If implemented, the closure will end 35-years of broadcast news on the network Three and will leave state-owned but editorially independent TVNZ as the dominant producer of broadcast news for the New Zealand market.“Free-to-air and news are expensive businesses to run. Put simply, the economic headwinds means the returns are not there,” said Glen Kyne, a senior vice president, at Warner Bros Discovery in Australia and New Zealand.He added that he knew that Newshub was a \"crucial part of a functioning media sector in New Zealand.\"“These proposed changes will be hard if they are implemented, but we think they are necessary,” Kyne said.Newshub said on its website that 200 journalists, producers, editors, camera operators and associated staff could lose their jobs.Warner Bros Discovery reported said it plans to continue operating digital platform ThreeNow and network channel Three and these would show programming from the network’s extensive library and local programming where funding could be obtained.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":308755455549584,"gmtCreate":1716407463835,"gmtModify":1716407467934,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VBIV\">$VBI Vaccines(VBIV)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/VBIV\">$VBI Vaccines(VBIV)$</a>&nbsp;","text":"$VBI Vaccines(VBIV)$","images":[{"img":"https://community-static.tradeup.com/news/89b0776d6a585c16e4eabf15689faa48","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/308755455549584","isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":308755385589808,"gmtCreate":1716407445675,"gmtModify":1716407450129,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BCLI\">$Brainstorm Cell Therapeutics(BCLI)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/BCLI\">$Brainstorm Cell Therapeutics(BCLI)$</a>&nbsp;","text":"$Brainstorm Cell Therapeutics(BCLI)$","images":[{"img":"https://community-static.tradeup.com/news/e7a8fd90fbd2b85c23a983cf9412bd90","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/308755385589808","isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":307189814399248,"gmtCreate":1716032677303,"gmtModify":1716032681574,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a>&nbsp;","text":"$Advanced Micro Devices(AMD)$","images":[{"img":"https://community-static.tradeup.com/news/5d819e9c92451157970378b712b93365","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/307189814399248","isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":307069830049856,"gmtCreate":1716003473081,"gmtModify":1716003476380,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/307069830049856","repostId":"2436097645","repostType":2,"repost":{"id":"2436097645","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1716078349,"share":"https://ttm.financial/m/news/2436097645?lang=&edition=fundamental","pubTime":"2024-05-19 08:25","market":"other","language":"en","title":"The 84-Year-Old Man Who Saved Nvidia","url":"https://stock-news.laohu8.com/highlight/detail?id=2436097645","media":"Dow Jones","summary":"By Ben Cohen | Photographs by Ko Sasaki for The Wall Street Journal. Before it was one of the world's most valuable companies, Nvidia was a company on the verge of going out of business.Jensen Huang's startup had been around for a few years in the 1990s when it looked like it wouldn't be around for much longer. Its first chip was a flop. Its next chip was doomed to fail. Huang himself says this was nothing less than an existential moment for his nascent company.And it survived only because of a man he calls Irimajiri-san.\"To his credit,\" Huang recently said, \"and my amazement.\". Huang has been the chief executive of the chip maker since the day it was born. Nvidia wouldn't exist without him. But even he says it wouldn't exist today without the help of Irimajiri-san.\"The presence of Nvidia in my mind is quite large,\" he told me through an interpreter.So how did Shoichiro Irimajiri end up saving Jensen Huang's company from thousands of miles away?","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/50fd989ee80ed588be37df92133b1800\" alt=\"Shoichiro Irimajiri, the former head of Sega, in his Tokyo office today. Behind him is a photo of his friend Ayrton Senna, the late Formula One champion\" title=\"Shoichiro Irimajiri, the former head of Sega, in his Tokyo office today. Behind him is a photo of his friend Ayrton Senna, the late Formula One champion\" tg-width=\"1278\" tg-height=\"1278\"/><span>Shoichiro Irimajiri, the former head of Sega, in his Tokyo office today. Behind him is a photo of his friend Ayrton Senna, the late Formula One champion</span></p><p>By Ben Cohen | Photographs by Ko Sasaki for The Wall Street Journal</p><p>Before it was one of the world&#39;s most valuable companies, Nvidia was a company on the verge of going out of business.</p><p>Jensen Huang&#39;s startup had been around for a few years in the 1990s when it looked like it wouldn&#39;t be around for much longer. Its first chip was a flop. Its next chip was doomed to fail. Huang himself says this was nothing less than an existential moment for his nascent company.</p><p>And it survived only because of a man he calls Irimajiri-san.</p><p>Nvidia was running out of money when Huang asked one of the top executives at the videogame giant Sega for a $5 million lifeline to keep his company afloat. There was absolutely no reason for Irimajiri-san to do it. He did it anyway.</p><p>&#34;To his credit,&#34; Huang recently said, &#34;and my amazement.&#34;</p><p>Huang has been the chief executive of the chip maker since the day it was born. Nvidia wouldn&#39;t exist without him. But even he says it wouldn&#39;t exist today without the help of Irimajiri-san.</p><p>The way he saved the company taught Huang one of the most important and least appreciated lessons in business.</p><p>&#34;You can&#39;t discount the kindness of people when you&#39;re starting your company,&#34; Huang said on a Sequoia Capital podcast last year.</p><p>When he started his company more than 30 years ago, it would have sounded completely preposterous that Nvidia would become the world&#39;s third-most valuable company, behind Microsoft and Apple. Even one year ago, it was highly unlikely. But since the beginning of Nvidia mania, the company&#39;s market capitalization has tripled. Last year, it cracked $1 trillion. This year, it broke $2 trillion. It could touch $3 trillion if demand for artificial-intelligence chips helps the company deliver another blowout earnings report this coming week.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8d0bdf444065f3f421c7a30fec766888\" tg-width=\"474\" tg-height=\"539\"/></p><p>But every company needs a little luck and a lot of goodwill on its way to success. Even a $2 trillion company. Especially a $2 trillion company!</p><p>One of the peculiar things about this company behind the AI boom is that it would have gone bust a long time ago if not for the human benevolence of someone who never worked there.</p><p>That someone was Shoichiro Irimajiri, aka Irimajiri-san, Iri-san or just Iri.</p><p>A brilliant engineer and charismatic executive, he was one of Japan&#39;s most admired business leaders, first at Honda and then at Sega, where he played an essential role in Nvidia&#39;s history. Today, he&#39;s 84 years old, not that you&#39;d know it from looking at him. He&#39;s still consulting and was in his office past 5 p.m. when I spoke with him this week.</p><p>Irimajiri worked with Huang for a brief time. Like Huang, he&#39;s never forgotten that time.</p><p>&#34;The presence of Nvidia in my mind is quite large,&#34; he told me through an interpreter.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8ddb87ad8f64fc56c701e0d603f28c91\" alt=\"Irimajiri keeps a framed photo of himself in his office. His work on Grand Prix motorcycles and Formula One race cars made him a legendary engineer at Honda. \" title=\"Irimajiri keeps a framed photo of himself in his office. His work on Grand Prix motorcycles and Formula One race cars made him a legendary engineer at Honda. \" tg-width=\"700\" tg-height=\"700\"/><span>Irimajiri keeps a framed photo of himself in his office. His work on Grand Prix motorcycles and Formula One race cars made him a legendary engineer at Honda. </span></p><p>So how did Shoichiro Irimajiri end up saving Jensen Huang&#39;s company from thousands of miles away?</p><p>As a boy in postwar Japan, Irimajiri dreamed of being an aeronautical engineer from the day he read about Chuck Yeager breaking the sound barrier. After college, he took a job with Honda Motor designing engines in Grand Prix motorcycles and Formula One cars that challenged the limits of speed on the ground. His work on the world&#39;s fastest racing machines made him a legendary figure in his own right. &#34;He had ideas that other engineers considered impossible,&#34; motorcycle journalist Mat Oxley says.</p><p>That put his career on the fast track. The youngest managing director in the company&#39;s history, Irimajiri was sent to America to run Honda&#39;s U.S. manufacturing in 1984. When he moved to Ohio, the name on his badge was his nickname, &#34;Iri.&#34; He was known for his &#34;easy smile&#34; and &#34;forceful leadership,&#34; according to Wall Street Journal profiles. He was also known for loving McDonald&#39;s burgers, which he still devours every week. &#34;Believe it or not,&#34; he says.</p><p>After four years of driving Honda&#39;s growth in the U.S., he returned to Japan in 1988 as a contender to run the company but abruptly resigned in 1992, citing stress and health. He was hired in 1993 by Sega, which had leapfrogged Nintendo to become the dominant force in videogames. He was promoted to chairman and CEO of the American business in 1996 and elevated to president of the entire company by 1998.</p><p>Meanwhile, three guys in a Denny&#39;s booth were starting a company in Silicon Valley that would catch his attention.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0ea0e562ada5016d4125c00d2f01c51e\" alt=\"Jensen Huang has been the CEO of Nvidia since the company’s founding in 1993. It nearly went bankrupt in the late 1990s.  PHOTO: MEDIANEWS GROUP/THE MERCURY NEWS VIA GETTY IMAGES\" title=\"Jensen Huang has been the CEO of Nvidia since the company’s founding in 1993. It nearly went bankrupt in the late 1990s.  PHOTO: MEDIANEWS GROUP/THE MERCURY NEWS VIA GETTY IMAGES\" tg-width=\"700\" tg-height=\"700\"/><span>Jensen Huang has been the CEO of Nvidia since the company’s founding in 1993. It nearly went bankrupt in the late 1990s.  PHOTO: MEDIANEWS GROUP/THE MERCURY NEWS VIA GETTY IMAGES</span></p><p>Nvidia was founded by Huang and two buddies in 1993 as games were shifting from 2-D to 3-D graphics. At the time, Sega was under pressure to create a hit product, and it developed the Dreamcast console in response to the incredible popularity of Sony&#39;s PlayStation. Nvidia was tapped to build the Dreamcast&#39;s graphics-processing unit, or GPU, after Irimajiri met with Huang and left impressed by his passion and vision.</p><p>The young entrepreneur didn&#39;t have a signature leather jacket back then or fans who fill arenas to hear him talk about chips, but he already carried himself with a swagger.</p><p>&#34;He had a very, very strong confidence,&#34; Irimajiri told me.</p><p>The contract with Sega funded Huang&#39;s company. But risky decisions and crucial mistakes in the early days of Nvidia nearly destroyed it.</p><p>The most consequential one was the startup&#39;s flawed strategy for rendering images. Nvidia took an unconventional approach to 3-D graphics that used quadrilaterals, while other companies pursued a technique based on triangles. It soon became clear that Nvidia was betting on the wrong shape.</p><p>Nvidia had been working on the Sega project for a year when Huang realized that he would have to abandon its strategy. The inferior chip left the company in a pickle: finish and die slowly, or quit and die immediately.</p><p>He reflected on this seemingly impossible situation last year in a commencement address at National Taiwan University, where he revealed the &#34;humiliating and embarrassing&#34; failures that laid the foundation for Nvidia&#39;s success.</p><p>If the company kept plugging away on the console to fulfill its contract, he said, it would be too far behind the competition to catch up. But if it stopped working on the Sega chip, it would be out of money.</p><p>&#34;Either way,&#34; Huang said, &#34;we would be out of business.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/98cb6e7064e878249ef2c8de5dbe710f\" alt=\"Irimajiri says that struggling with Huang to develop advanced chips for the Dreamcast was one of the happiest memories of his life.  PHOTO: TOSHIFUMI KITAMURA/AFP VIA GETTY IMAGES\" title=\"Irimajiri says that struggling with Huang to develop advanced chips for the Dreamcast was one of the happiest memories of his life.  PHOTO: TOSHIFUMI KITAMURA/AFP VIA GETTY IMAGES\" tg-width=\"1260\" tg-height=\"843\"/><span>Irimajiri says that struggling with Huang to develop advanced chips for the Dreamcast was one of the happiest memories of his life.  PHOTO: TOSHIFUMI KITAMURA/AFP VIA GETTY IMAGES</span></p><p>He feared the worst when Irimajiri came to his office and told Huang that Sega would be launching the Dreamcast with a GPU made by another company. Nvidia had failed. But by then, Irimajiri knew Huang. He still believed in him. He still liked him, too. &#34;I wanted to make Nvidia successful,&#34; Irimajiri says. &#34;Somehow.&#34;</p><p>He called back to Japan with a surprising idea: Sega should invest in Nvidia. It wasn&#39;t easy to persuade his boss to pump money into a precarious startup that hadn&#39;t delivered on its existing contract. But after some negotiating, Irimajiri secured the additional $5 million that Nvidia desperately needed. Somehow.</p><p>&#34;It was all the money that we had,&#34; Huang said. &#34;His understanding and generosity gave us six months to live.&#34;</p><p>In those six months, Nvidia hunkered down and scrambled to develop the breakthrough chip that was released in 1997 and rescued the company, which went public in 1999. The following year, Irimajiri stepped down as Sega&#39;s president. It was only after he left the company when his best decision paid off: Sega sold its Nvidia stock for about $15 million, he says.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4e7afa65b1734d133c0af7a52f74156b\" alt=\"Huang shows off Nvidia’s latest GPUs earlier this year. His company is now worth more than $2 trillion.  PHOTO: JUSTIN SULLIVAN/GETTY IMAGES\" title=\"Huang shows off Nvidia’s latest GPUs earlier this year. His company is now worth more than $2 trillion.  PHOTO: JUSTIN SULLIVAN/GETTY IMAGES\" tg-width=\"700\" tg-height=\"700\"/><span>Huang shows off Nvidia’s latest GPUs earlier this year. His company is now worth more than $2 trillion.  PHOTO: JUSTIN SULLIVAN/GETTY IMAGES</span></p><p>Today, he runs his own private consulting business from a Tokyo office. Behind his desk is a framed portrait of his friend Ayrton Senna, the beloved late Formula One champion whose dominance was powered by Honda&#39;s engines. At home is a photo of Chuck Yeager flying a jet fighter in his 80s.</p><p>He lost touch with the CEO of Nvidia until Irimajiri was asked to organize a seminar on AI in 2017. That&#39;s when he tracked down Huang&#39;s email address and sent a note in English to the billionaire he hadn&#39;t seen in 20 years.</p><p>From: Shoichiro Irimajiri</p><p>To: Jensen Huang</p><p>Subject: from old friend</p><p>&#34;Hi Jensen-san,&#34; he wrote. &#34;This is Shoichiro Irimajiri, one of your business counterpart in 1990s. You might remember that in those days we struggled together to develop advanced graphic chips for Sega Dreamcast. Also, this is one of my happy memory in my life.&#34;</p><p>Then he made the ask. He wanted to know if Huang &#34;or some Nvidia person&#34; would visit Japan and give a lecture to an intimate group of business leaders.</p><p>&#34;If possible, I would appreciate greatly,&#34; Irimajiri wrote. &#34;Very sorry to disturb your busy time, but also very much thank you to read my letter. Best regards and hope your future more success. Sincerely, Iri.&#34;</p><p>It reads like an email that everyone has written and rewritten at some point in their lives.</p><p>He wasn&#39;t expecting a response. He got one the next day.</p><p>&#34;Dear Irimajiri-san,&#34; replied Huang, now 61 with silver hair. &#34;What a wonderful and pleasant surprise to hear from you. Working with Sega in the beginning of Nvidia is one of the happy memories of my life as well.&#34;</p><p>As it happened, he would soon be in Tokyo for a glitzy Nvidia conference where he would take the stage and give a keynote speech about the future. But of course he would speak to a much smaller audience and repay a debt from his past.</p><p>Anything for Irimajiri-san.</p><p>&#34;I am delighted to be of service to you,&#34; Huang wrote to his old friend.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/34b5f5df3e2a7ca8de76cd61e707b9da\" alt=\"Though retired from Sega, Irimajiri still runs his own private consulting business.\" title=\"Though retired from Sega, Irimajiri still runs his own private consulting business.\" tg-width=\"1260\" tg-height=\"840\"/><span>Though retired from Sega, Irimajiri still runs his own private consulting business.</span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The 84-Year-Old Man Who Saved Nvidia</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 84-Year-Old Man Who Saved Nvidia\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-19 08:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/50fd989ee80ed588be37df92133b1800\" alt=\"Shoichiro Irimajiri, the former head of Sega, in his Tokyo office today. Behind him is a photo of his friend Ayrton Senna, the late Formula One champion\" title=\"Shoichiro Irimajiri, the former head of Sega, in his Tokyo office today. Behind him is a photo of his friend Ayrton Senna, the late Formula One champion\" tg-width=\"1278\" tg-height=\"1278\"/><span>Shoichiro Irimajiri, the former head of Sega, in his Tokyo office today. Behind him is a photo of his friend Ayrton Senna, the late Formula One champion</span></p><p>By Ben Cohen | Photographs by Ko Sasaki for The Wall Street Journal</p><p>Before it was one of the world&#39;s most valuable companies, Nvidia was a company on the verge of going out of business.</p><p>Jensen Huang&#39;s startup had been around for a few years in the 1990s when it looked like it wouldn&#39;t be around for much longer. Its first chip was a flop. Its next chip was doomed to fail. Huang himself says this was nothing less than an existential moment for his nascent company.</p><p>And it survived only because of a man he calls Irimajiri-san.</p><p>Nvidia was running out of money when Huang asked one of the top executives at the videogame giant Sega for a $5 million lifeline to keep his company afloat. There was absolutely no reason for Irimajiri-san to do it. He did it anyway.</p><p>&#34;To his credit,&#34; Huang recently said, &#34;and my amazement.&#34;</p><p>Huang has been the chief executive of the chip maker since the day it was born. Nvidia wouldn&#39;t exist without him. But even he says it wouldn&#39;t exist today without the help of Irimajiri-san.</p><p>The way he saved the company taught Huang one of the most important and least appreciated lessons in business.</p><p>&#34;You can&#39;t discount the kindness of people when you&#39;re starting your company,&#34; Huang said on a Sequoia Capital podcast last year.</p><p>When he started his company more than 30 years ago, it would have sounded completely preposterous that Nvidia would become the world&#39;s third-most valuable company, behind Microsoft and Apple. Even one year ago, it was highly unlikely. But since the beginning of Nvidia mania, the company&#39;s market capitalization has tripled. Last year, it cracked $1 trillion. This year, it broke $2 trillion. It could touch $3 trillion if demand for artificial-intelligence chips helps the company deliver another blowout earnings report this coming week.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8d0bdf444065f3f421c7a30fec766888\" tg-width=\"474\" tg-height=\"539\"/></p><p>But every company needs a little luck and a lot of goodwill on its way to success. Even a $2 trillion company. Especially a $2 trillion company!</p><p>One of the peculiar things about this company behind the AI boom is that it would have gone bust a long time ago if not for the human benevolence of someone who never worked there.</p><p>That someone was Shoichiro Irimajiri, aka Irimajiri-san, Iri-san or just Iri.</p><p>A brilliant engineer and charismatic executive, he was one of Japan&#39;s most admired business leaders, first at Honda and then at Sega, where he played an essential role in Nvidia&#39;s history. Today, he&#39;s 84 years old, not that you&#39;d know it from looking at him. He&#39;s still consulting and was in his office past 5 p.m. when I spoke with him this week.</p><p>Irimajiri worked with Huang for a brief time. Like Huang, he&#39;s never forgotten that time.</p><p>&#34;The presence of Nvidia in my mind is quite large,&#34; he told me through an interpreter.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8ddb87ad8f64fc56c701e0d603f28c91\" alt=\"Irimajiri keeps a framed photo of himself in his office. His work on Grand Prix motorcycles and Formula One race cars made him a legendary engineer at Honda. \" title=\"Irimajiri keeps a framed photo of himself in his office. His work on Grand Prix motorcycles and Formula One race cars made him a legendary engineer at Honda. \" tg-width=\"700\" tg-height=\"700\"/><span>Irimajiri keeps a framed photo of himself in his office. His work on Grand Prix motorcycles and Formula One race cars made him a legendary engineer at Honda. </span></p><p>So how did Shoichiro Irimajiri end up saving Jensen Huang&#39;s company from thousands of miles away?</p><p>As a boy in postwar Japan, Irimajiri dreamed of being an aeronautical engineer from the day he read about Chuck Yeager breaking the sound barrier. After college, he took a job with Honda Motor designing engines in Grand Prix motorcycles and Formula One cars that challenged the limits of speed on the ground. His work on the world&#39;s fastest racing machines made him a legendary figure in his own right. &#34;He had ideas that other engineers considered impossible,&#34; motorcycle journalist Mat Oxley says.</p><p>That put his career on the fast track. The youngest managing director in the company&#39;s history, Irimajiri was sent to America to run Honda&#39;s U.S. manufacturing in 1984. When he moved to Ohio, the name on his badge was his nickname, &#34;Iri.&#34; He was known for his &#34;easy smile&#34; and &#34;forceful leadership,&#34; according to Wall Street Journal profiles. He was also known for loving McDonald&#39;s burgers, which he still devours every week. &#34;Believe it or not,&#34; he says.</p><p>After four years of driving Honda&#39;s growth in the U.S., he returned to Japan in 1988 as a contender to run the company but abruptly resigned in 1992, citing stress and health. He was hired in 1993 by Sega, which had leapfrogged Nintendo to become the dominant force in videogames. He was promoted to chairman and CEO of the American business in 1996 and elevated to president of the entire company by 1998.</p><p>Meanwhile, three guys in a Denny&#39;s booth were starting a company in Silicon Valley that would catch his attention.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0ea0e562ada5016d4125c00d2f01c51e\" alt=\"Jensen Huang has been the CEO of Nvidia since the company’s founding in 1993. It nearly went bankrupt in the late 1990s.  PHOTO: MEDIANEWS GROUP/THE MERCURY NEWS VIA GETTY IMAGES\" title=\"Jensen Huang has been the CEO of Nvidia since the company’s founding in 1993. It nearly went bankrupt in the late 1990s.  PHOTO: MEDIANEWS GROUP/THE MERCURY NEWS VIA GETTY IMAGES\" tg-width=\"700\" tg-height=\"700\"/><span>Jensen Huang has been the CEO of Nvidia since the company’s founding in 1993. It nearly went bankrupt in the late 1990s.  PHOTO: MEDIANEWS GROUP/THE MERCURY NEWS VIA GETTY IMAGES</span></p><p>Nvidia was founded by Huang and two buddies in 1993 as games were shifting from 2-D to 3-D graphics. At the time, Sega was under pressure to create a hit product, and it developed the Dreamcast console in response to the incredible popularity of Sony&#39;s PlayStation. Nvidia was tapped to build the Dreamcast&#39;s graphics-processing unit, or GPU, after Irimajiri met with Huang and left impressed by his passion and vision.</p><p>The young entrepreneur didn&#39;t have a signature leather jacket back then or fans who fill arenas to hear him talk about chips, but he already carried himself with a swagger.</p><p>&#34;He had a very, very strong confidence,&#34; Irimajiri told me.</p><p>The contract with Sega funded Huang&#39;s company. But risky decisions and crucial mistakes in the early days of Nvidia nearly destroyed it.</p><p>The most consequential one was the startup&#39;s flawed strategy for rendering images. Nvidia took an unconventional approach to 3-D graphics that used quadrilaterals, while other companies pursued a technique based on triangles. It soon became clear that Nvidia was betting on the wrong shape.</p><p>Nvidia had been working on the Sega project for a year when Huang realized that he would have to abandon its strategy. The inferior chip left the company in a pickle: finish and die slowly, or quit and die immediately.</p><p>He reflected on this seemingly impossible situation last year in a commencement address at National Taiwan University, where he revealed the &#34;humiliating and embarrassing&#34; failures that laid the foundation for Nvidia&#39;s success.</p><p>If the company kept plugging away on the console to fulfill its contract, he said, it would be too far behind the competition to catch up. But if it stopped working on the Sega chip, it would be out of money.</p><p>&#34;Either way,&#34; Huang said, &#34;we would be out of business.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/98cb6e7064e878249ef2c8de5dbe710f\" alt=\"Irimajiri says that struggling with Huang to develop advanced chips for the Dreamcast was one of the happiest memories of his life.  PHOTO: TOSHIFUMI KITAMURA/AFP VIA GETTY IMAGES\" title=\"Irimajiri says that struggling with Huang to develop advanced chips for the Dreamcast was one of the happiest memories of his life.  PHOTO: TOSHIFUMI KITAMURA/AFP VIA GETTY IMAGES\" tg-width=\"1260\" tg-height=\"843\"/><span>Irimajiri says that struggling with Huang to develop advanced chips for the Dreamcast was one of the happiest memories of his life.  PHOTO: TOSHIFUMI KITAMURA/AFP VIA GETTY IMAGES</span></p><p>He feared the worst when Irimajiri came to his office and told Huang that Sega would be launching the Dreamcast with a GPU made by another company. Nvidia had failed. But by then, Irimajiri knew Huang. He still believed in him. He still liked him, too. &#34;I wanted to make Nvidia successful,&#34; Irimajiri says. &#34;Somehow.&#34;</p><p>He called back to Japan with a surprising idea: Sega should invest in Nvidia. It wasn&#39;t easy to persuade his boss to pump money into a precarious startup that hadn&#39;t delivered on its existing contract. But after some negotiating, Irimajiri secured the additional $5 million that Nvidia desperately needed. Somehow.</p><p>&#34;It was all the money that we had,&#34; Huang said. &#34;His understanding and generosity gave us six months to live.&#34;</p><p>In those six months, Nvidia hunkered down and scrambled to develop the breakthrough chip that was released in 1997 and rescued the company, which went public in 1999. The following year, Irimajiri stepped down as Sega&#39;s president. It was only after he left the company when his best decision paid off: Sega sold its Nvidia stock for about $15 million, he says.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4e7afa65b1734d133c0af7a52f74156b\" alt=\"Huang shows off Nvidia’s latest GPUs earlier this year. His company is now worth more than $2 trillion.  PHOTO: JUSTIN SULLIVAN/GETTY IMAGES\" title=\"Huang shows off Nvidia’s latest GPUs earlier this year. His company is now worth more than $2 trillion.  PHOTO: JUSTIN SULLIVAN/GETTY IMAGES\" tg-width=\"700\" tg-height=\"700\"/><span>Huang shows off Nvidia’s latest GPUs earlier this year. His company is now worth more than $2 trillion.  PHOTO: JUSTIN SULLIVAN/GETTY IMAGES</span></p><p>Today, he runs his own private consulting business from a Tokyo office. Behind his desk is a framed portrait of his friend Ayrton Senna, the beloved late Formula One champion whose dominance was powered by Honda&#39;s engines. At home is a photo of Chuck Yeager flying a jet fighter in his 80s.</p><p>He lost touch with the CEO of Nvidia until Irimajiri was asked to organize a seminar on AI in 2017. That&#39;s when he tracked down Huang&#39;s email address and sent a note in English to the billionaire he hadn&#39;t seen in 20 years.</p><p>From: Shoichiro Irimajiri</p><p>To: Jensen Huang</p><p>Subject: from old friend</p><p>&#34;Hi Jensen-san,&#34; he wrote. &#34;This is Shoichiro Irimajiri, one of your business counterpart in 1990s. You might remember that in those days we struggled together to develop advanced graphic chips for Sega Dreamcast. Also, this is one of my happy memory in my life.&#34;</p><p>Then he made the ask. He wanted to know if Huang &#34;or some Nvidia person&#34; would visit Japan and give a lecture to an intimate group of business leaders.</p><p>&#34;If possible, I would appreciate greatly,&#34; Irimajiri wrote. &#34;Very sorry to disturb your busy time, but also very much thank you to read my letter. Best regards and hope your future more success. Sincerely, Iri.&#34;</p><p>It reads like an email that everyone has written and rewritten at some point in their lives.</p><p>He wasn&#39;t expecting a response. He got one the next day.</p><p>&#34;Dear Irimajiri-san,&#34; replied Huang, now 61 with silver hair. &#34;What a wonderful and pleasant surprise to hear from you. Working with Sega in the beginning of Nvidia is one of the happy memories of my life as well.&#34;</p><p>As it happened, he would soon be in Tokyo for a glitzy Nvidia conference where he would take the stage and give a keynote speech about the future. But of course he would speak to a much smaller audience and repay a debt from his past.</p><p>Anything for Irimajiri-san.</p><p>&#34;I am delighted to be of service to you,&#34; Huang wrote to his old friend.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/34b5f5df3e2a7ca8de76cd61e707b9da\" alt=\"Though retired from Sega, Irimajiri still runs his own private consulting business.\" title=\"Though retired from Sega, Irimajiri still runs his own private consulting business.\" tg-width=\"1260\" tg-height=\"840\"/><span>Though retired from Sega, Irimajiri still runs his own private consulting business.</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0444971666.USD":"天利全球科技基金","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4532":"文艺复兴科技持仓","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4587":"ChatGPT概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4527":"明星科技股","BK4543":"AI","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4579":"人工智能","BK4588":"碎股","LU0072462426.USD":"贝莱德全球配置 A2","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4503":"景林资产持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0080751232.USD":"富达环球多元动力基金A","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4581":"高盛持仓","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4549":"软银资本持仓","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4548":"巴美列捷福持仓","NVDA":"英伟达","BK4529":"IDC概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4554":"元宇宙及AR概念","BK4592":"伊斯兰概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2436097645","content_text":"Shoichiro Irimajiri, the former head of Sega, in his Tokyo office today. Behind him is a photo of his friend Ayrton Senna, the late Formula One championBy Ben Cohen | Photographs by Ko Sasaki for The Wall Street JournalBefore it was one of the world's most valuable companies, Nvidia was a company on the verge of going out of business.Jensen Huang's startup had been around for a few years in the 1990s when it looked like it wouldn't be around for much longer. Its first chip was a flop. Its next chip was doomed to fail. Huang himself says this was nothing less than an existential moment for his nascent company.And it survived only because of a man he calls Irimajiri-san.Nvidia was running out of money when Huang asked one of the top executives at the videogame giant Sega for a $5 million lifeline to keep his company afloat. There was absolutely no reason for Irimajiri-san to do it. He did it anyway.\"To his credit,\" Huang recently said, \"and my amazement.\"Huang has been the chief executive of the chip maker since the day it was born. Nvidia wouldn't exist without him. But even he says it wouldn't exist today without the help of Irimajiri-san.The way he saved the company taught Huang one of the most important and least appreciated lessons in business.\"You can't discount the kindness of people when you're starting your company,\" Huang said on a Sequoia Capital podcast last year.When he started his company more than 30 years ago, it would have sounded completely preposterous that Nvidia would become the world's third-most valuable company, behind Microsoft and Apple. Even one year ago, it was highly unlikely. But since the beginning of Nvidia mania, the company's market capitalization has tripled. Last year, it cracked $1 trillion. This year, it broke $2 trillion. It could touch $3 trillion if demand for artificial-intelligence chips helps the company deliver another blowout earnings report this coming week.But every company needs a little luck and a lot of goodwill on its way to success. Even a $2 trillion company. Especially a $2 trillion company!One of the peculiar things about this company behind the AI boom is that it would have gone bust a long time ago if not for the human benevolence of someone who never worked there.That someone was Shoichiro Irimajiri, aka Irimajiri-san, Iri-san or just Iri.A brilliant engineer and charismatic executive, he was one of Japan's most admired business leaders, first at Honda and then at Sega, where he played an essential role in Nvidia's history. Today, he's 84 years old, not that you'd know it from looking at him. He's still consulting and was in his office past 5 p.m. when I spoke with him this week.Irimajiri worked with Huang for a brief time. Like Huang, he's never forgotten that time.\"The presence of Nvidia in my mind is quite large,\" he told me through an interpreter.Irimajiri keeps a framed photo of himself in his office. His work on Grand Prix motorcycles and Formula One race cars made him a legendary engineer at Honda. So how did Shoichiro Irimajiri end up saving Jensen Huang's company from thousands of miles away?As a boy in postwar Japan, Irimajiri dreamed of being an aeronautical engineer from the day he read about Chuck Yeager breaking the sound barrier. After college, he took a job with Honda Motor designing engines in Grand Prix motorcycles and Formula One cars that challenged the limits of speed on the ground. His work on the world's fastest racing machines made him a legendary figure in his own right. \"He had ideas that other engineers considered impossible,\" motorcycle journalist Mat Oxley says.That put his career on the fast track. The youngest managing director in the company's history, Irimajiri was sent to America to run Honda's U.S. manufacturing in 1984. When he moved to Ohio, the name on his badge was his nickname, \"Iri.\" He was known for his \"easy smile\" and \"forceful leadership,\" according to Wall Street Journal profiles. He was also known for loving McDonald's burgers, which he still devours every week. \"Believe it or not,\" he says.After four years of driving Honda's growth in the U.S., he returned to Japan in 1988 as a contender to run the company but abruptly resigned in 1992, citing stress and health. He was hired in 1993 by Sega, which had leapfrogged Nintendo to become the dominant force in videogames. He was promoted to chairman and CEO of the American business in 1996 and elevated to president of the entire company by 1998.Meanwhile, three guys in a Denny's booth were starting a company in Silicon Valley that would catch his attention.Jensen Huang has been the CEO of Nvidia since the company’s founding in 1993. It nearly went bankrupt in the late 1990s.  PHOTO: MEDIANEWS GROUP/THE MERCURY NEWS VIA GETTY IMAGESNvidia was founded by Huang and two buddies in 1993 as games were shifting from 2-D to 3-D graphics. At the time, Sega was under pressure to create a hit product, and it developed the Dreamcast console in response to the incredible popularity of Sony's PlayStation. Nvidia was tapped to build the Dreamcast's graphics-processing unit, or GPU, after Irimajiri met with Huang and left impressed by his passion and vision.The young entrepreneur didn't have a signature leather jacket back then or fans who fill arenas to hear him talk about chips, but he already carried himself with a swagger.\"He had a very, very strong confidence,\" Irimajiri told me.The contract with Sega funded Huang's company. But risky decisions and crucial mistakes in the early days of Nvidia nearly destroyed it.The most consequential one was the startup's flawed strategy for rendering images. Nvidia took an unconventional approach to 3-D graphics that used quadrilaterals, while other companies pursued a technique based on triangles. It soon became clear that Nvidia was betting on the wrong shape.Nvidia had been working on the Sega project for a year when Huang realized that he would have to abandon its strategy. The inferior chip left the company in a pickle: finish and die slowly, or quit and die immediately.He reflected on this seemingly impossible situation last year in a commencement address at National Taiwan University, where he revealed the \"humiliating and embarrassing\" failures that laid the foundation for Nvidia's success.If the company kept plugging away on the console to fulfill its contract, he said, it would be too far behind the competition to catch up. But if it stopped working on the Sega chip, it would be out of money.\"Either way,\" Huang said, \"we would be out of business.\"Irimajiri says that struggling with Huang to develop advanced chips for the Dreamcast was one of the happiest memories of his life.  PHOTO: TOSHIFUMI KITAMURA/AFP VIA GETTY IMAGESHe feared the worst when Irimajiri came to his office and told Huang that Sega would be launching the Dreamcast with a GPU made by another company. Nvidia had failed. But by then, Irimajiri knew Huang. He still believed in him. He still liked him, too. \"I wanted to make Nvidia successful,\" Irimajiri says. \"Somehow.\"He called back to Japan with a surprising idea: Sega should invest in Nvidia. It wasn't easy to persuade his boss to pump money into a precarious startup that hadn't delivered on its existing contract. But after some negotiating, Irimajiri secured the additional $5 million that Nvidia desperately needed. Somehow.\"It was all the money that we had,\" Huang said. \"His understanding and generosity gave us six months to live.\"In those six months, Nvidia hunkered down and scrambled to develop the breakthrough chip that was released in 1997 and rescued the company, which went public in 1999. The following year, Irimajiri stepped down as Sega's president. It was only after he left the company when his best decision paid off: Sega sold its Nvidia stock for about $15 million, he says.Huang shows off Nvidia’s latest GPUs earlier this year. His company is now worth more than $2 trillion.  PHOTO: JUSTIN SULLIVAN/GETTY IMAGESToday, he runs his own private consulting business from a Tokyo office. Behind his desk is a framed portrait of his friend Ayrton Senna, the beloved late Formula One champion whose dominance was powered by Honda's engines. At home is a photo of Chuck Yeager flying a jet fighter in his 80s.He lost touch with the CEO of Nvidia until Irimajiri was asked to organize a seminar on AI in 2017. That's when he tracked down Huang's email address and sent a note in English to the billionaire he hadn't seen in 20 years.From: Shoichiro IrimajiriTo: Jensen HuangSubject: from old friend\"Hi Jensen-san,\" he wrote. \"This is Shoichiro Irimajiri, one of your business counterpart in 1990s. You might remember that in those days we struggled together to develop advanced graphic chips for Sega Dreamcast. Also, this is one of my happy memory in my life.\"Then he made the ask. He wanted to know if Huang \"or some Nvidia person\" would visit Japan and give a lecture to an intimate group of business leaders.\"If possible, I would appreciate greatly,\" Irimajiri wrote. \"Very sorry to disturb your busy time, but also very much thank you to read my letter. Best regards and hope your future more success. Sincerely, Iri.\"It reads like an email that everyone has written and rewritten at some point in their lives.He wasn't expecting a response. He got one the next day.\"Dear Irimajiri-san,\" replied Huang, now 61 with silver hair. \"What a wonderful and pleasant surprise to hear from you. Working with Sega in the beginning of Nvidia is one of the happy memories of my life as well.\"As it happened, he would soon be in Tokyo for a glitzy Nvidia conference where he would take the stage and give a keynote speech about the future. But of course he would speak to a much smaller audience and repay a debt from his past.Anything for Irimajiri-san.\"I am delighted to be of service to you,\" Huang wrote to his old friend.Though retired from Sega, Irimajiri still runs his own private consulting business.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":307978570645832,"gmtCreate":1716211925469,"gmtModify":1716211930278,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TUYA\">$Tuya Inc.(TUYA)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TUYA\">$Tuya Inc.(TUYA)$</a>&nbsp;","text":"$Tuya Inc.(TUYA)$","images":[{"img":"https://community-static.tradeup.com/news/c6f29631384dfbde2f1f68b0ed13cc8e","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/307978570645832","isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":306106936320144,"gmtCreate":1715768417638,"gmtModify":1715768422408,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"Let's Gamble Aways&nbsp;","listText":"Let's Gamble Aways&nbsp;","text":"Let's Gamble Aways","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/306106936320144","repostId":"2435542064","repostType":2,"repost":{"id":"2435542064","pubTimestamp":1715749866,"share":"https://ttm.financial/m/news/2435542064?lang=&edition=fundamental","pubTime":"2024-05-15 13:11","market":"us","language":"en","title":"Wall Street Casino Is Open for Business as Meme Stocks Take Over","url":"https://stock-news.laohu8.com/highlight/detail?id=2435542064","media":"Bloomberg","summary":" -- The stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative corners of the investing world the casino is rocking.Trump Vows ‘Day One’ Executive Order Targeting Offshore Wind. Biden Accuses China of ‘Cheating’ on Trade, Imposes New Tariffs. Macron Puts French Banks in Play With Plan to Transform Europe. Flood of China Used Cooking Oil Spurs Call to Hike US Levies. Five Under-the-Radar Billionaires Making Vast Fortunes inModi's India. The mania, which has spread to many of Wall Street’s most hated stocks, has shades of 2021’s meme stock craze, when cooped-up individual investors railed against short-selling hedge funds on forums like Reddit Inc.’s WallStreetBets and the chatroom StockTwits. But that was three years ago. Wall Street has since gotten privy to how these “Reddit Raiders” operate and created a blueprint to profit.Read more: GameStop Stock Surge Is a Long Way From 2021’s Meme-Stock Frenzy","content":"<html><head></head><body><ul style=\"\"><li><p>Volume in S&amp;P 500 is 20% below normal while GameStop, AMC rip</p></li><li><p>Meme rallies are easy money makers for quants, robot traders</p></li></ul><p>The stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative corners of the investing world the casino is rocking.</p><p>Meme stock darling GameStop Corp. is up 171% in just two days, and beleaguered movie theater chain AMC Entertainment Holdings Inc. has soared 135%. Over 1 billion AMC shares have traded on Monday and Tuesday, compared with 24 million on Friday. Meanwhile, GameStop’s volume is over 340 million in the past two sessions, up from roughly 37 million on Friday. </p><p>For its part, the S&amp;P 500 Index is basically unchanged since Friday and its volume in Tuesday’s session is 21% below its 20-day average as investors await Wednesday’s crucial consumer price index data.</p><p>The mania, which has spread to many of Wall Street’s most hated stocks, has shades of 2021’s meme stock craze, when cooped-up individual investors railed against short-selling hedge funds on forums like <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> Inc.’s WallStreetBets and the chatroom StockTwits. But that was three years ago. Wall Street has since gotten privy to how these “Reddit Raiders” operate and created a blueprint to profit. </p><p>Strategies that use algorithms to capture price momentum are now better positioned to jump on these rallies before they go mainstream. They can even add a little juice to the surges.</p><p>“A part of the industry is much more well-prepared for meme rallies and to take advantage of those meme rallies than when they were surprised three years ago,” said Don Steinbrugge, head of Agecroft Partners, which helps hedge funds raise money. “They want to get in on the beginning of the price movement, and they want to get out before the price collapses. They basically want to front-run the buying and selling of retail investors.”</p><h2 id=\"id_1240470623\">Casino Abuzz</h2><p>The latest chapter in the meme-stock craze began with a single cryptic post on X Sunday night from Keith Gill, the retail-trading icon who goes by the moniker “Roaring Kitty” and drove the original mania before disappearing from social media in June 2021. By early Monday morning, the market casino was abuzz with amateur and professional investors placing bets across the speculative world.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0fdb5e724a4d42fe923a469b8a94229a\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Trading data from providers that cater to individual investors seems to validate Wall Street’s role in the latest move. Since Gill’s tweet went viral, users of Fidelity’s platform have actually placed more sell orders than buy shares, the company’s website shows, something that didn’t happen during the 2021 stretch when individuals were overwhelmingly net buyers. </p><p>Investors that have been nimble — and lucky — have seen massive gains. But others who embrace the “HODL” motto, short for “hold on for dear life,” are still in the red. GameStop is roughly 60% below its 2021 intraday peak while AMC is down 98% from a high. The massive paper losses could be a reason for some to finally cash out, according to Dan Egan, vice president of behavioral finance and investing at robo-adviser Betterment.</p><p>“There’s a very different, latent set of retail traders waiting to see certain price points just to sell out which we didn’t have last time,” said Dan Egan, vice president of behavioral finance and investing at robo-adviser Betterment. They dynamic could drive the cycle of the trade, he added.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/89dd00dfaf152577b77623fc8cf18867\" tg-width=\"1200\" tg-height=\"675\"/></p><p>A smattering of social-media personalities have helped draw in uninformed retail traders to the casino, furthering the notion that trading meme stocks is just a form of gambling. </p><p>Barstool Sports founder Dave Portnoy has resumed his “Davey Day Trader” livestream, and on Tuesday morning talked about buying $500,000 worth of GameStop and AMC. Influencer Andrew Tate, who is charged with human trafficking, rape and forming a criminal gang to sexually exploit women, is constantly posting on X about buying GameStop. And social media influencers that were accused of orchestrating a pump-and-dump scheme have reawakened some of the animal spirits around AMC.</p><h2 id=\"id_2914202114\">Meme Risk</h2><p>Strategists like Egan warn retail traders to not buy stocks based on memes. Especially because the very groups touting shares are likely to quietly cash out while everyone else is buying.</p><p>Then, there are the trading platforms such as <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets Inc. and market-making firms like Citadel Securities that will profit either way. Robinhood’s commission-free trading is partly driven by its ability to make money through transactions in what’s called payment for order flow. The money maker is controversial because brokerages get paid by market makers to route orders through them, rather than directly to stock exchanges. </p><p>Those market makers and brokers can make even more on equity options contracts given bid-ask spreads are typically wider than those on regular stock trades. Meaning the firms throughout the cycle of completing trades can profit handsomely from a boom in volume, regardless of how the companies do. So the soaring activity in GameStop and AMC, paired a boom in trading of options tied to both companies, means the market makers and options brokers are sitting pretty.</p><p>Not everyone is making money, however. Investors sticking to short positions in the meme stocks are facing more than a billion dollars in paper losses. That said, those numbers pale in comparison to the pain from three years ago that resulted in the implosion of firms that ran against the trend, like Gabe Plotkin’s Melvin Capital. This time around, most hedge funds are adopting strategies to limit their exposure.</p><p>“A big change since last time is that a number of managers have changed their risk controls on the short side so they won’t get burned as bad,” Agecroft’s Steinbrugge said.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Casino Is Open for Business as Meme Stocks Take Over</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Casino Is Open for Business as Meme Stocks Take Over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-15 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wall-street-casino-open-business-182856477.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volume in S&P 500 is 20% below normal while GameStop, AMC ripMeme rallies are easy money makers for quants, robot tradersThe stock market is having a sleepy trading session Tuesday ahead of Wednesday’...</p>\n\n<a href=\"https://finance.yahoo.com/news/wall-street-casino-open-business-182856477.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","BK4076":"电脑与电子产品零售","BK4108":"电影和娱乐","BK4577":"网络游戏","GME":"游戏驿站","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"source_url":"https://finance.yahoo.com/news/wall-street-casino-open-business-182856477.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2435542064","content_text":"Volume in S&P 500 is 20% below normal while GameStop, AMC ripMeme rallies are easy money makers for quants, robot tradersThe stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative corners of the investing world the casino is rocking.Meme stock darling GameStop Corp. is up 171% in just two days, and beleaguered movie theater chain AMC Entertainment Holdings Inc. has soared 135%. Over 1 billion AMC shares have traded on Monday and Tuesday, compared with 24 million on Friday. Meanwhile, GameStop’s volume is over 340 million in the past two sessions, up from roughly 37 million on Friday. For its part, the S&P 500 Index is basically unchanged since Friday and its volume in Tuesday’s session is 21% below its 20-day average as investors await Wednesday’s crucial consumer price index data.The mania, which has spread to many of Wall Street’s most hated stocks, has shades of 2021’s meme stock craze, when cooped-up individual investors railed against short-selling hedge funds on forums like Reddit Inc.’s WallStreetBets and the chatroom StockTwits. But that was three years ago. Wall Street has since gotten privy to how these “Reddit Raiders” operate and created a blueprint to profit. Strategies that use algorithms to capture price momentum are now better positioned to jump on these rallies before they go mainstream. They can even add a little juice to the surges.“A part of the industry is much more well-prepared for meme rallies and to take advantage of those meme rallies than when they were surprised three years ago,” said Don Steinbrugge, head of Agecroft Partners, which helps hedge funds raise money. “They want to get in on the beginning of the price movement, and they want to get out before the price collapses. They basically want to front-run the buying and selling of retail investors.”Casino AbuzzThe latest chapter in the meme-stock craze began with a single cryptic post on X Sunday night from Keith Gill, the retail-trading icon who goes by the moniker “Roaring Kitty” and drove the original mania before disappearing from social media in June 2021. By early Monday morning, the market casino was abuzz with amateur and professional investors placing bets across the speculative world.Trading data from providers that cater to individual investors seems to validate Wall Street’s role in the latest move. Since Gill’s tweet went viral, users of Fidelity’s platform have actually placed more sell orders than buy shares, the company’s website shows, something that didn’t happen during the 2021 stretch when individuals were overwhelmingly net buyers. Investors that have been nimble — and lucky — have seen massive gains. But others who embrace the “HODL” motto, short for “hold on for dear life,” are still in the red. GameStop is roughly 60% below its 2021 intraday peak while AMC is down 98% from a high. The massive paper losses could be a reason for some to finally cash out, according to Dan Egan, vice president of behavioral finance and investing at robo-adviser Betterment.“There’s a very different, latent set of retail traders waiting to see certain price points just to sell out which we didn’t have last time,” said Dan Egan, vice president of behavioral finance and investing at robo-adviser Betterment. They dynamic could drive the cycle of the trade, he added.A smattering of social-media personalities have helped draw in uninformed retail traders to the casino, furthering the notion that trading meme stocks is just a form of gambling. Barstool Sports founder Dave Portnoy has resumed his “Davey Day Trader” livestream, and on Tuesday morning talked about buying $500,000 worth of GameStop and AMC. Influencer Andrew Tate, who is charged with human trafficking, rape and forming a criminal gang to sexually exploit women, is constantly posting on X about buying GameStop. And social media influencers that were accused of orchestrating a pump-and-dump scheme have reawakened some of the animal spirits around AMC.Meme RiskStrategists like Egan warn retail traders to not buy stocks based on memes. Especially because the very groups touting shares are likely to quietly cash out while everyone else is buying.Then, there are the trading platforms such as Robinhood Markets Inc. and market-making firms like Citadel Securities that will profit either way. Robinhood’s commission-free trading is partly driven by its ability to make money through transactions in what’s called payment for order flow. The money maker is controversial because brokerages get paid by market makers to route orders through them, rather than directly to stock exchanges. Those market makers and brokers can make even more on equity options contracts given bid-ask spreads are typically wider than those on regular stock trades. Meaning the firms throughout the cycle of completing trades can profit handsomely from a boom in volume, regardless of how the companies do. So the soaring activity in GameStop and AMC, paired a boom in trading of options tied to both companies, means the market makers and options brokers are sitting pretty.Not everyone is making money, however. Investors sticking to short positions in the meme stocks are facing more than a billion dollars in paper losses. That said, those numbers pale in comparison to the pain from three years ago that resulted in the implosion of firms that ran against the trend, like Gabe Plotkin’s Melvin Capital. This time around, most hedge funds are adopting strategies to limit their exposure.“A big change since last time is that a number of managers have changed their risk controls on the short side so they won’t get burned as bad,” Agecroft’s Steinbrugge said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":20,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318558970028280,"gmtCreate":1718786872793,"gmtModify":1718786878233,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> EM is a engineer andnot a financial analyst. The EV market is saturated and nothing Elon can do to harbour tthis ship safely.&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> EM is a engineer andnot a financial analyst. The EV market is saturated and nothing Elon can do to harbour tthis ship safely.&nbsp;","text":"$Tesla Motors(TSLA)$ EM is a engineer andnot a financial analyst. The EV market is saturated and nothing Elon can do to harbour tthis ship safely.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318558970028280","isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":307190876704984,"gmtCreate":1716032935752,"gmtModify":1716032939595,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CVM\">$CEL-SCI Corp(CVM)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/CVM\">$CEL-SCI Corp(CVM)$</a>&nbsp;","text":"$CEL-SCI Corp(CVM)$","images":[{"img":"https://community-static.tradeup.com/news/9bdccf85e5bb163aad89ed4b946eeec4","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/307190876704984","isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":307319010435192,"gmtCreate":1716032894456,"gmtModify":1716032898309,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CRDF\">$Cardiff Oncology, Inc.(CRDF)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/CRDF\">$Cardiff Oncology, Inc.(CRDF)$</a>&nbsp;","text":"$Cardiff Oncology, Inc.(CRDF)$","images":[{"img":"https://community-static.tradeup.com/news/1c5c5a7f7318abd18b3e9af55f89e16a","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/307319010435192","isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":307190600507440,"gmtCreate":1716032866513,"gmtModify":1716039573836,"author":{"id":"4172093959126252","authorId":"4172093959126252","name":"TradeDatt","avatar":"https://community-static.tradeup.com/news/afe3ab2f8cb584deb431a62fa2b8bd17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4172093959126252","authorIdStr":"4172093959126252"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PXA.AU\">$PEXA Group Ltd(PXA.AU)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/PXA.AU\">$PEXA Group Ltd(PXA.AU)$</a>&nbsp;","text":"$PEXA Group Ltd(PXA.AU)$","images":[{"img":"https://community-static.tradeup.com/news/596188b92841ed4ce2393794a523afdb","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/307190600507440","isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}