OGCommunity announces partnership with Bounty Temple to promote the development of $OGC and $CDOG ecosystems
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Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
After doubling their stock prices this year, Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) have been downgraded by Jefferies: Their valuations are now considered too high.
Jefferies downgraded refiners Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) from "Buy" to "Hold," with target prices of $401 and $413, respectively.
Goldman Sachs Bets on 'Rising Stocks and Bullish Bonds': S&P 500 Targeted at 8,700 Points, 10-Year US Treasury Yield Falls to 4.5%
Goldman Sachs expects the S&P 500 index to rise by 13.7% over the next 12 months, with the 10-year US Treasury yield falling from the current 5% to 4.5%. The bank's 12-month target for the S&P 500 is 8,700 points.
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