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He Watched His $1M ETF Investment Crash to $200k. Then He Cashed Out at $7.5 Million
24/7 Wall St.52d agobearish
He Watched His $1M ETF Investment Crash to $200k. Then He Cashed Out at $7.5 Million

A Redditor shared the kind of story that makes everyone reach for the calculator. A friend put roughly $1 million into Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL), watched the position bleed down to about $200,000 during the 2025 tariff-war selloff, refused to sell, and then cashed out near $7.5 million when the AI chip ... He Watched His $1M ETF Investment Crash to $200k. Then He Cashed Out at $7.5 Million

Cyber leaders urge US to lift curbs on Anthropic's security models
Reuters52d agoneutral
Cyber leaders urge US to lift curbs on Anthropic's security models

Cybersecurity leaders at major U.S. firms including Nvidia and Adobe have asked the Trump administration to lift restrictions on Anthropic's most powerful AI ‌models, arguing that the bans hamper efforts to prevent the spread of digital ‌attacks. The letter follows Washington's decision on Friday ordering Anthropic to suspend access to its Fable 5 and Mythos 5 ​models for any foreign nationals over national security concerns. The curbs that Washington has now placed on ‌the technology will limit the cybersecurity ⁠industry's ability to find and fix software flaws at a time when other AI tools are making it easier for hackers to exploit vulnerabilities, ⁠according to a letter on Sunday signed by more than 50 security leaders.

Xbox fans waiting on Project Helix get unexpected news from Wedbush
TheStreet53d agoneutral
Xbox fans waiting on Project Helix get unexpected news from Wedbush

The explosion in AI spending is having a ripple effect throughout the tech industry, and now gamers are going to pay the price. To find out just how much weight AI holds in the U.S. economy, the Federal Reserve Bank of St. Louis looked at how much money is being spent on software, R&D and ...

SpaceX’s IPO Was Enormously Successful, but Did It Break the Rest of the Space Industry?
24/7 Wall St.53d agoneutral
SpaceX’s IPO Was Enormously Successful, but Did It Break the Rest of the Space Industry?

The stock market has spent much of the past two years rewarding category leaders. Investors have poured capital into dominant companies with clear competitive advantages while becoming increasingly selective about everyone else. That trend was on full display Friday when SpaceX (NASDAQ:SPCX) completed the largest IPO in history, raising $75 billion at $135 per share ... SpaceX’s IPO Was Enormously Successful, but Did It Break the Rest of the Space Industry?

The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist
24/7 Wall St.55d agoneutral
The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist

I keep hitting the buy button on SoFi Technologies (NASDAQ:SOFI), and the Fed-driven tech sell-off this month has only made my finger heavier. The stock sits at $16.67, down 36.33% year to date, while the QQQ has gained 16.74% over the same window. That gap is the opportunity. The market is pricing SoFi like a ... The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist

Wall Street Analyst: SpaceX IPO Could Unleash Billions in New Public Offerings
24/7 Wall St.55d agoneutral
Wall Street Analyst: SpaceX IPO Could Unleash Billions in New Public Offerings

Citizens’ JMP Devin Ryan, Head of Financial Technology Research, argued on CNBC’s Squawk Box on June 12 that the real story of the SpaceX listing is the message it sends to every other private company sitting on the sidelines. “It’s good to be an investment banker, largest deal ever,” Ryan said, before pivoting to the ... Wall Street Analyst: SpaceX IPO Could Unleash Billions in New Public Offerings

SpaceX stock gains, space companies fall, chips mixed on IPO news
Yahoo Finance Video55d agobearishVIDEO
SpaceX stock gains, space companies fall, chips mixed on IPO news

Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.