Palantir stock price has dropped into a local bear market after falling by ~20% from its highest point this year. PLTR was trading at $167, down from the year-to-date high of $207. So, will the stock rebound amid heightened valuation concerns? Palantir growth is continuing Palantir is a top company offering services to companies and
In a reminder of how quickly tokenisation is transforming Brazil’s capital markets, the firm Fenynx completed its first capital raising by selling equity backed by B3 tokens through a crowdfunding platform. According to local media outlet InfoMoney, the sale marks a watershed moment for the Brazilian stock exchange: it is the first equity crowdfunding platform
Tesla trades just shy of a $1.3 trillion market cap. And with shareholders now greenlighting an eye-popping pay package for Elon Musk, a central question looms larger than ever: how much of that market value is anchored in Tesla’s business fundamentals, and how much is simply the “Musk premium”? With voices from Wall Street to
Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X. The update marks the company’s most detailed assessment yet of its long-term chip roadmap as it leans deeper into artificial intelligence and
Tesla stock (NASDAQ: TSLA) tumbled over 2% on Friday, breaking below the critical $400 support level as investors reassess valuations amid hawkish Federal Reserve commentary and deepening AI bubble concerns. The sell-off dragged alongside mega-cap tech peers: Nvidia fell 2.9%, and Amazon dropped around 1%. Tesla stock is up 2.66% year-to-date despite November’s recent pullback, trading
Elon Musk said his artificial intelligence startup xAI plans to build a 500-megawatt data centre in Saudi Arabia in partnership with Humain, the kingdom’s state-backed AI venture. Speaking at a US-Saudi investment forum in Washington, Musk said the project would be powered by Nvidia Corp.’s chips. Humain was established under Saudi Arabia’s sovereign wealth fund.
Tesla stock (NASDAQ: TSLA) fell sharply on Tuesday, sliding more than 3% to close at $396.40, as investors reevaluated the company’s bold bets on autonomous vehicles. The stock’s decline wiped out billions in market value and underscored nagging doubts about the timeline and commercial viability of Tesla’s Robotaxi ambitions. The electric vehicle pioneer has leaned
In July 2020, the digital world held its breath as one of social media’s biggest security breaches unfolded in real time. Joseph James O’Connor, a Liverpool-born hacker operating under the alias “PlugwalkJoe,” orchestrated a stunning attack on Twitter that compromised more than 130 high-profile accounts in a matter of minutes. The targets read like a
Emirates is preparing to transform its in-flight internet experience by partnering with SpaceX’s satellite service Starlink, reported Bloomberg. The move could position the Dubai-based airline as a global leader in onboard connectivity. However, the deal depends on regulatory clearance from the United Arab Emirates, which has not yet authorised Starlink’s operations. Despite this limitation, the
Tesla Inc. investors have overwhelmingly approved Elon Musk’s $1 trillion compensation package, a record-setting deal that cements the billionaire’s grip over the electric-vehicle maker and signals renewed confidence in his leadership. Roughly 75% of votes cast supported the package at the company’s annual meeting on Thursday at its Texas gigafactory, according to chair Robyn Denholm.