Nvidia recently made a risky move by betting against itself in the stock market, which ultimately cost the company $740 million. This bold decision, known as a leveraged bet, involved Nvidia taking a position that would profit if its stock price fell. However, the market went in the opposite direction, resulting in a substantial loss … Read more
Day traders who have been benefiting from the AI-driven stock market frenzy have been reaping significant profits week after week. However, a group of retail investors who heavily invested in a leveraged ETF are now facing substantial losses amounting to $400 billion due to the drop in Nvidia Corp’s stock value. The GraniteShares 2x Long … Read more
The enthusiasm for AI at Cisco Live 2024 was evident as technology companies showcased their latest products integrating AI. With a focus on security, network resilience, and customer experience management, AI was positioned as an essential tool for future businesses. Cisco invested heavily in AI, particularly through a collaboration with Splunk, a cybersecurity specialist, resulting … Read more
Oracle Corporation took a significant risk when they acquired Cerner Corporation for 28 billion dollars, aiming to revolutionize healthcare by integrating Cerner’s electronic medical records system with Oracle’s AI models. However, the implementation of Cerner’s system has been associated with patient deaths, posing a serious liability for Oracle. Cerner’s electronic health records (EHR) system, utilized … Read more