Take also into account how Waymo is winning the Robotaxi war in the US whilst at the same time Tesla showing a PE of above $200 versus Alphabet's (Waymo), $20. Add also the confirmed failure of Cybertruck, and the continued loss of market shares of Tesla EV's. Where is the logic supporting Tesla's $400 plus share price?
Raising more cash to buy (and prop up) Bitcoin. And Bitcoin is soon testing below $100k, again. "Very very dangerous is this market", as Yoda will say.
Why Strategy (MSTR) Is Down 6.3% After €620 Million European Preferred Stock Offering for Bitcoin
Strategy Inc. recently completed a €620 million preferred stock offering in Europe, issuing 7.75 million shares of 10% Series A Perpetual Stream Preferred Stock to support further bitcoin acquisitions and working capital needs.
This marks a notable expansion of the company’s bitcoin-financing model into European markets and highlights growing reliance on preferred equity as raising capital through common stock becomes more challenging.
We’ll explore how this large-scale fundraising effort,...
This statement here, "Microsoft, Google, Oracle and Meta pour billions into Nvidia chips and servers, they’re also quietly stretching out depreciation schedules to make earnings look smoother", is sort of saying basing your forward value to the commodity you have bought. This is similar to Strategy's value based on the amount and value of Bitcoin it holds. And the recent realisation that many if these tech companies support each other by using cash to round-trip their own sales/revenue is really worrying. Especially as these few tech companies are now dominating such a huge portion of the index they are grouped in. I have never seena bubble so large before and I fear the music will soon stop.
Artificial Intelligencer-The case for selling Nvidia
Artificial Intelligencer-The case for selling NvidiaBy Krystal Hu. Nov 12 - (Artificial Intelligencer is published every Wednesday. Think your friend or colleague should know about us?Forward this newsletter to them. They can also subscribe here.) This earnings season offered new insight into a question investors have been asking since ChatGPT first shook the market: between startups and incumbents, who’ll win the AI race?Anthropic to invest $50 billion to build data centers in US. AMD expects profit to triple by 2030, data center chip market to grow to $1 trillion. OpenAI discussed government loan guarantees for chip plants, not data centers, Altman says. Exclusive-Google signs Amazon reforestation deal to carbon removal credits to offset AI buildout. CoreWeave's shares fall as data center delay hits annual revenue forecast. Two of the world’s most recognizable investors are cutting — or outright shorting the most valuable company in the world at the center of the AI boom. But they’r
Truths that memes don't want to believe. The big shot has just called for the big recession.
"Big Short" Burry Issues New Warning: Tech Giants Inflate Profits by Extending Asset Lifespans
Michael Burry, the famed investor known for shorting the U.S. housing market before the 2008 financial crisis, has issued a fresh warning targeting the accounting practices of major tech companies....
And he has not even mentioned the blantant tound/tripping amongst the big chips and AI companies.
"Big Short" Michael Burry Shifts to "Battle Mode": Tech Giants' Profit Overstatements Due to Underestimated Depreciation—Oracle by 26.9%, Meta by 20.8% by 2028
Michael Burry, famed for predicting the 2008 financial crisis, has once again targeted tech giants. On November 11, Burry posted on social media that these companies are artificially inflating...
Is this any wonder? These are meme stocks! Regitti, Strategy, etc.
Beyond Meat Shares Slumped after Forecasting Subdued Quarterly Sales As Demand Remains Weak
Nov 10 (Reuters) - Beyond Meat BYND.O posted a bigger quarterly loss and forecast fourth-quarter sales below Wall Street estimates on Monday, as the plant-based meat maker grappled with sluggish...
Opendoor is sure looking more and more like a meme or reddit stock with it's own army of supporters calling themselves the Open Army. Kaj's narative is really enticing and the actions he is taking sounds reasonable. But worryingly lacking of one element. Cash. They seem to be running out of this. This is the reason for the new share offering. And with all meme driven stocks, fueled by the masses who chase up everything being promoted on social media, they run either way very fast. Beware, be nimble.
Analysts Offer Insights on Real Estate Companies: American Healthcare REIT, Inc. (AHR) and Opendoor Technologies (OPEN)
Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on American Healthcare REIT, Inc. (AHR – Research Re...
For sure, there are risks and red flags to take note of. And the new share issues cannot be discounted easily. On one hand, the CEO says it was to finance a transformation into using AI to manage their inventory and flips. On the other hand, one has to worry if this is because they have run out of cash and need to stock up their balance sheet. Just which is the truth.
Kaz Nejatian is saying all the right things. Now to bring about that breakeven target in 12 months. If that comes about, OpenDoor could very well be a really big deal.