eric huang

Who Will Be the Next Trillionaire? Zuckerberg Leads Prediction Market at 32%

Traders in prediction markets believe that Meta CEO Mark Zuckerberg has the highest probability of becoming the next trillionaire, with a likelihood of approximately 32%. Kalshi traders assign Nvidia CEO Jensen Huang the second-highest probability, estimating a 21% chance that he will reach a net worth of one trillion dollars. June 23 – Thanks to

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SpaceX Stock Plunges 16% to Record Low, Analyst Maintains Buy Rating with $250 Target

SpaceX shares plunged 16% on Monday to close at $154.60, marking the lowest level since the company’s public debut. Over the past three trading sessions, the cumulative decline has reached 23%, erasing more than $600 billion in market value. The company’s current market capitalization stands at just over $2 trillion. Despite this downturn, Tim Horan,

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SoftBank’s Masayoshi Son Dismisses Space Data Centers, Says AI Race Will Be Decided by Earth-Based Computing Power

SoftBank Group founder Masayoshi Son stated that Elon Musk’s concept of space-based data centers holds little significance, asserting that the outcome of the AI race will be determined by computing power on Earth. On Tuesday, June 23, SoftBank Corp., the mobile subsidiary of SoftBank Group, held its annual shareholder meeting. Son was successfully re-elected as

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US-Iran Talks Ease Oil Markets but Inventory Drawdowns Signal Supply Risks

①Progress in US-Iran negotiations eased market sentiment, and crude oil fell on Monday. ②However, the continued decline in global commercial and strategic oil and petroleum product inventories could trigger a surge in demand. ③The duration, extent, and manner of the Strait of Hormuz reopening may differ significantly from market expectations, and the oil market still

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Goldman Sachs Raises Korea Growth Outlook; Citi Flags UK Uncertainty; ANZ Delays Fed Cut View; Oppenheimer Hikes SpaceX Target

①Goldman Sachs Raises South Korea Growth Forecast: AI Chip Boom Continues, Exports May Surpass $1 Trillion for the First Time ②Citi: Starmer’s Resignation Sparks UK Political Uncertainty, Sterling Under Short-Term Pressure ③ANZ Delays Fed Rate Cut Expectations: Earliest Action in June Next Year, Divergence on Rate Hikes Intensifies Within the Year ④Oppenheimer Raises SpaceX Target

Goldman Sachs Raises Korea Growth Outlook; Citi Flags UK Uncertainty; ANZ Delays Fed Cut View; Oppenheimer Hikes SpaceX Target Read More »

Trump Praises IBM CEO, Stock Surges 4.59% in After-Hours Trading Amid Quantum Computing Executive Order

On Monday, U.S. President Donald Trump signed an executive order on quantum computing at the White House, mandating the acceleration of high-performance quantum computer development for scientific research. The order also aims to enhance government systems’ capabilities to address related cybersecurity threats, thereby strengthening America’s leading position in this critical technological race. During the signing

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Fed’s Goolsbee Questions Whether Inflation Drivers Are Transitory Amid Sticky Services Prices

Recently, as U.S. inflation remains persistently elevated, a growing number of Federal Reserve officials have signaled a hawkish stance. Chicago Fed President Austan Goolsbee stated on Monday that the Fed has been contending with inflation running well above target and moving in the wrong direction. He questioned whether the factors driving price increases are all

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Global Tech Stocks Plunge on ‘Black Tuesday’; AI Rally May Be Ending, Warn Gundlach and Zulauf

① Global tech stocks suffered a “Black Tuesday,” with South Korea’s Samsung and SK Hynix plunging over 12%, dragging the KOSPI index down 10%. Major U.S. tech stocks also fell significantly, with Nvidia and Micron posting notable declines. ② “New Bond King” Jeffrey Gundlach and “Stock Market Prophet” Felix Zulauf predict that the AI-driven bull

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Asian Selloff Spills into Europe and US, Tech Shares Plunge

① The Asian stock selloff has spilled over into European and US markets, with the technology sector suffering a sharp decline. Germany’s DAX index fell nearly 1.2%, the STOXX 600 Technology Index dropped over 3.3%, and STMicroelectronics’ European shares tumbled more than 8%. ② Market concerns over excessive tech valuations and the rationale for AI

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