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☆ Elon Musk's net worth grew by $67 billion during Tesla's 10-day win streak
  + stars: | 2024-07-10 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
Elon Musk's net worth soared to $274 billion after Tesla stock's 10-day stock win streak. AdvertisementElon Musk's net worth soared by $67 billion amid a long winning streak for Tesla stock through Tuesday's trading session, once again making him the world's richest person. The 10-day surge propelled Musk's net worth to $274 billion, according to data from Bloomberg. As Tesla stock hit its 52-week low in April, Musk's net worth declined by $65 billion on a year-to-date basis. But since Tesla stock bottomed, Musk's net worth has zoomed higher by $110 billion.
Persons: Elon, Tesla, Jeff Bezos's, —, Musk, Uber, Neil Roarty, Jeff Bezos Organizations: Service, Elon, Tesla, Bloomberg, Business, SpaceX, Musk, The Boring Company
☆ The Nvidia spell has been broken. Here’s what could come next
  + stars: | 2024-06-26 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +6 min
London CNN —Nvidia, Nvidia, Nvidia. Nvidia’s stock bounced back Tuesday, yet investors have been reminded of a potentially bubble-bursting truth: You can fly too close to the sun. For context, it took Warren Buffett about 60 years to build Berkshire Hathaway into a nearly trillion dollar company. But typical volatility can have seismic repercussions when it comes to a stock as all-consuming as Nvidia. Analysts at The Carlyle Group say that while artificial intelligence is revolutionizing the world around us, the Nvidia stock bubble will eventually burst.
Persons: Warren Buffett, Berkshire Hathaway, Microsoft’s, ”, Jim Smigiel, Louis Navellier, Nvidia’s, ” Jochen Stanzl, Emily Bowersock Hill, Jason Thomas, Carlyle’s, ” Neil Roarty, Stocklytics, —, Levi’s, “, LEVI, ” Read, Ryan Callahan, ” Callahan, CDK, Tom McParland Organizations: CNN Business, Bell, London CNN, Nvidia, Berkshire, Deutsche Bank, SEI, Navellier, Associates, CMC, CNN, Bowersock Capital Partners, The Carlyle Group, ’ Association, Mazda, North America, Automatic Consulting Locations: London, Turkey, Istanbul, Seekonk , Massachusetts
☆ Nvidia has shed $431 billion in market cap in just 4 days after briefly becoming the world's most valuable company
  + stars: | 2024-06-25 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Nvidia stock has plunged 16% in the past week, erasing $431 billion in market value. AdvertisementNvidia stock has suffered a painful four-day decline that has erased $431 billion in market value. The AI tech giant, which was the world's most valuable company just last week, is now worth $2.9 trillion, making it once again the third largest company behind Microsoft and Apple. AdvertisementAltogether, Nvidia stock is down 16% from its record high. "The surge in Nvidia share price has been so remarkable throughout 2024 that most investors are still in the black.
Persons: —, Jensen Huang, Neil Roarty, Huang, Ray, Wang, Vivek Arya Organizations: Service, Nvidia, Microsoft, Apple, SEC, Constellation, CNBC, Bank of America
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