Back in the present investors’ confidence in today’s emerging technology—AI—has already begun to wobble, just as companies prepare to spend jaw-dropping amounts of money to develop it. Over the past fortnight Alphabet, Amazon, Meta and Microsoft have said they will spend a combined $660bn on AI in the coming year. Investors who a year ago…
With the Union budget for FY27 just about there, trading patterns in the derivatives market suggest that foreign investors are bracing for either a correction or a long spell of post-budget calm. Foreign portfolio investors (FPIs), who have prevailed over bullish retail investors by shorting the Indian markets since October 2024, are running into the…
Famed investor Michael Burry, the hedge fund manager who predicted and profited from the US housing sector collapse during the 2008 financial crisis, has drawn attention over recent months for his firm bear position on artificial intelligence (AI) led technology stocks, including market darling Nvidia. Now, Burry has revealed his latest move — betting against…
