Today, the State of Wisconsin Investment Board (SWIB) has revealed its substantial investments in Bitcoin Exchange-Traded Funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB holds nearly $100 million worth of BlackRock’s spot Bitcoin ETF (IBIT). JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it…
hapabapa Accelerating In 2023, Affirm Holdings, Inc. (NASDAQ:AFRM) held an investor day in which it rigorously detailed the nature of its business and its future prospects. To save you some time, the one, and most essential, idea shared that day was articulated by Affirm’s CTO. He remarked, There’s over $1T of revolving consumer debt in…
Hispanolistic I first wrote about my investment thesis for DiDi Global (OTCPK:DIDIY) earlier this month. On March 23, 2024, DiDi announced its Q4 and FY 2023 results. For Q4, DiDi maintained its growth momentum and continued to improve operating efficiency. During the quarter, DiDi completed the spin-off of certain smart auto business to XPeng (XPEV)…
JHVEPhoto/iStock Editorial via Getty Images Dear readers/followers, I’ve made no secret of my bullish longer-term stance on Chemours (NYSE:CC) over the past few years. The company has as of yet failed to “pop” in terms of valuation, despite what I would view as a materially attractive pricing for an attractive set of assets. However, this…
Ong-ad Nuseewor The wobbly start to January was the long overdue correction that we did not see in November or December, when pullbacks were one-day wonders. What we saw in January is more “normal”, whatever that nebulous term means in the stock market. Not every index set a record last week, but the majors did,…
FiThe Disney that was is not the Disney that is–investors need a new vision going forward. Hulton Deutsch/Corbis Historical via Getty Images Last week, Walt Disney (NYSE:DIS) CEO Bob Iger announced the company’s candidates for the board. Surprise. The surprise, it turns out, is that the ole gang of mine remains in place. It’s not…
SCM Jeans No Alpha For The Past Year Over the past year, the stock of Array Technologies (NASDAQ:ARRY), a manufacturer of integrated solar tracking systems, hasn’t been a rewarding play for investors. Whilst its small-cap peers from the Russell 2000 have delivered ~16% returns during this period, ARRY has lost -12% of its value. YCharts…
In addition to top executives stepping aside from the board of directors, Grayscale Investments also filed an updated spot Bitcoin ETF application with the SEC on Tuesday. Top cryptocurrency investor Grayscale Investments LLC has been preparing to offer spot Bitcoin exchange-traded funds (ETF) in a bid to widen its market share. On Tuesday, the company…
Altman shared his strategic vision for the future of OpenAI. He noted that the firm will renew its commitment to research, improving its products, and better serving its customers. OpenAI CEO Sam Altman has officially returned to his role after being temporarily ousted by the company board. At the time, the board cited communication breakdowns…
Altman’s return could have far-reaching implications for OpenAI’s strategic direction. His previous tenure with the organization saw a strong emphasis on collaboration and partnerships with industry leaders. OpenAI has made a swift turnaround in its leadership decisions, announcing an agreement in principle for Sam Altman’s return as CEO. The announcement, made earlier today via a…
The OpenAI employees said in the letter that the board’s ousting of Altman shows a lack of competence to manage the firm and help it achieve its goal of becoming the leading global artificial intelligence company. In a dramatic turn of events, hundreds of OpenAI employees, including high-ranking executives, are on the brink of leaving…