By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Nvidia in talks for up to $3B SB Energy stake tied to OpenAI data center
Nvidia is in talks to invest up to $3 billion in SB Energy, a SoftBank-backed infrastructure firm planning an Ohio data center for OpenAI. T
Nvidia trims OpenAI data center guarantee to under $120B
Nvidia is reducing its financial guarantee for OpenAI's massive Ohio data center project. The first-phase backstop could fall below $120 bil
Daniel Loeb's Third Point takes 20M-share stake in Warner Bros. Discovery
Third Point, run by Daniel Loeb, revealed a 20 million-share position in Warner Bros. Discovery in a quarterly filing. The stake puts the he
Viking Global exits Apple and Alphabet, boosts Amazon and Meta
Viking Global reshuffled its Big Tech holdings again, dumping Apple and Alphabet while adding to Amazon and Meta. The moves reflect a rotati
Cooling inflation and weak retail sales lift odds of Fed pause to 67%
Cooling inflation and a surprise drop in retail sales have traders pricing in a 67% chance the Fed holds rates steady in September. Meanwhil
Tiger Global trims Microsoft and Meta, adds SpaceX stake
Tiger Global's quarterly filing reveals it cut Microsoft and Meta stakes while adding a new position in SpaceX. The moves signal a shift tow
Tier One Silver seeks up to C$17M to fund Ecuador exploration
Tier One Silver is raising up to C$17 million by selling units at C$0.07 each. The funds will go toward its Ruta de Cobre option and initial
US 30-year Treasury yield hits 5.22%, highest since 2001
The US government's 30-year borrowing costs just hit their highest level in 25 years, as investors demand more yield to lend to Uncle Sam. H
China's AI stock surge: priced for perfection, but can it last?
China's AI boom has sent tech valuations soaring, with the Star 50 index up 29% this year and trading at a P/E above 150. But with broader C
Thrive Capital reveals $215 million Amazon stake in AI push
Thrive Capital, the venture firm led by Joshua Kushner, reported owning 904,038 Amazon shares worth $215.5 million as of June 30. The move h
Reddit's S&P 500 Debut Sends Stock Up 14% as Index Funds Prepare to Buy
Reddit is set to join the S&P 500, replacing AvalonBay Communities before trading opens on Aug. 18. The stock jumped 14% on the news, even a
Dynatrace acquires Arize to expand AI observability tools
Dynatrace announced it will acquire Arize, a move analysts say could accelerate its push into AI observability. The stock dipped on Friday d