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Global stock markets plunge in panic: US economy in recession, Buffett has "half-retired"
Global stock markets plunge in panic: US economy in recession, Buffett has "half-retired"

Investors expect the Federal Reserve to cut interest rates significantly before the end of the year, and Buffett's Berkshire Hathaway's financial report shows that Buffett may have sensed the market risks in advance and significantly reduced his holdings of Apple shares to increase cash reserves.

BlockBeats·2024/08/05 02:50
Bitcoin plummeted 25% in 7 days. Is the bull market still there?
Bitcoin plummeted 25% in 7 days. Is the bull market still there?

In the past 24 hours, the entire network has liquidated about 767 million US dollars, of which long orders have liquidated 658 million US dollars and short orders have liquidated 108 million US dollars.

BlockBeats·2024/08/05 02:44
Will the FED Make a “Hard Landing” After the Latest Employment Report? Experts, Including Former Fed Governors, Answer
Will the FED Make a “Hard Landing” After the Latest Employment Report? Experts, Including Former Fed Governors, Answer

Experts evaluated the possibility of a hard landing by the FED after the employment report that would put the FED in trouble.

Bitcoinsistemi·2024/08/04 22:24
Bitcoin Trader Who Lost $1.1 Million in Recent Downturn Reveals What He Did Wrong
Bitcoin Trader Who Lost $1.1 Million in Recent Downturn Reveals What He Did Wrong

The trader, who suffered a large amount of loss during the last decline, published a statement about what he did wrong.

Bitcoinsistemi·2024/08/04 17:24
Flash
04:06
Serenity: Humanoid robots will drive a decades-long storage demand cycle
Serenity stated on the X platform that the CEO of Micron Technology predicts humanoid robots will drive a decades-long cycle of storage demand, with each robot requiring about 10 times the memory of an L2+ level autonomous vehicle. The demand wave is expected to begin before the end of this decade. The CEO of Micron Technology mentioned that increased value of on-device AI and the need for device upgrades will fuel growth in the storage market. Serenity pointed out that the Chairman of TSMC, Elon Musk, and the CEO of Micron Technology all see humanoid robots as the next major trend, and physical AI is considered the next stage of AI development.
03:57
“Mohnish Pabrai, a globally renowned value investor known as the 'disciple of Buffett,' built a position in Micron in 2017 and closed out his position in September 2023, making about a 100% gain; however, after his exit, Micron's stock price rose more than 15 times in two years, and it is estimated that he missed out on approximately 2 billions dollars in gains.”
In his dealings with SK Hynix, he also sold too early. He admits this was a major mistake in his investment career. As the industry eliminated over 20 manufacturers, leaving Samsung, SK Hynix, and Micron as the three leading players, storage has become a highly competitive sector with extremely high barriers to entry. Combined with the explosive demand driven by AI, he believes the industry's dividends are just beginning, yet he exited too early and missed out on the subsequent bull market.
03:53
Truist lowers EQT Energy's price target to $65
Golden Finance June 25| Truist has lowered the target price of EQT Energy from $74 to $65, maintaining its "Buy" rating.
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