Thrive Capital took a $215 million position in Amazon shares.
According to Bloomberg, Joshua Kushner’s Thrive Capital has purchased approximately $215 million worth of Amazon shares, continuing the venture capital firm’s strategy of expanding into public market investments. The investment was disclosed in a regulatory filing on Friday, giving Thrive exposure to a large company that stands to benefit from artificial intelligence. Amazon gains from AI through offerings such as generative AI shopping tools and cloud computing infrastructure for other businesses. Earlier this month, Amazon’s market capitalization crossed $3 trillion for the first time, making it the fifth company to reach that milestone. Thrive declined to comment, while a representative for Amazon did not immediately respond to a request for comment. Thrive is known for early investments in firms including SpaceX, Stripe and OpenAI—OpenAI also has backing from Amazon. The VC firm’s other public market holdings include Figma Inc., StubHub Holdings Inc., and Oscar Health, which Kushner co-founded and incubated.
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Wedbush Reiterates SanDisk's 'Outperform' Rating, Sets Target Price at $2,000
Wedbush reaffirmed its "Outperform" rating on SanDisk stock, setting a target price of $2,000. Wedbush analyst Matt Bryson stated that the firm believes its 2028 projections likely underestimate SanDisk's profitability. The company will repurchase a large volume of shares over the coming years; coupled with extended transaction cycles, these factors warrant a certain valuation premium.
3 minutes ago
Unitree Robotics IPO: Grey market trading rumors are unfounded, and the underlying risks should not be underestimated.
According to a report by Shanghai Securities News, recent market discussions have claimed that scalpers are buying shares of Unitree Technology off-exchange, with some intermediaries offering prices far exceeding the IPO offering price. In response, reporters verified with multiple senior market participants including investment institutions, private equity firms, and securities brokerages, all of whom stated they have not observed such activities, adding that the relevant rumors are largely unfounded. They also noted that such private off-exchange agreements and transactions are of questionable compliance, and investors are highly likely to suffer losses. CITIC Securities, the lead underwriter for Unitree Technology's IPO, also reminded that securities trading must strictly abide by laws, regulations and stock market trading rules, and should only be conducted through legally recognized channels with real-name accounts. It advised investors against blind follow-up speculation, urging them to adhere to rational and value-based investment principles, and carefully assess investment risks.
3 minutes ago
Houthi forces claimed that Saudi Arabia attacked Saada Province in northwestern Yemen.
According to Xinhua News Agency, Yemen’s Houthi movement stated on the 15th that the Saudi Arabian military launched artillery and missile strikes on parts of Yemen’s northwestern Saada Governorate that morning. Al-Masirah TV, which is controlled by the Houthi movement, reported that Saudi forces targeted Dahi District in Saada Governorate, while the border Razih District of the same governorate also suffered intense missile strikes, damaging local farmland. No casualties have been reported so far. As of press time, Saudi Arabia has not yet responded to the incident.
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Cosmos ecosystem’s second-largest wallet, Cosmostation, will terminate services in September.
According to official announcements, Cosmostation Wallet — the second-largest wallet in the Cosmos ecosystem — has announced it will cease operations. Per the plan, starting September 1, 2026, Cosmostation Wallet will only retain its mnemonic phrase and private key export functionality, with all other features being phased out. Affected products include the iOS, Android, and Chrome browser extension versions. As a non-custodial wallet, user assets are stored on respective blockchains rather than the official servers. The official strongly advises users to properly back up their mnemonic phrases or private keys before September 1, 2026, and to continue managing their assets via other wallets that support import functionality. After full service termination, the official will no longer provide any support through the application.
3 minutes ago
Bridgewater Associates sharply offloaded nearly 1.36 million shares of Micron Technology in Q2, with its stake in the company plummeting by 92%.
Ray Dalio-founded Bridgewater Associates disclosed in its Q2 2026 13F filing (reporting period ending June 30, 2026) that it reduced its holdings of Micron Technology by 1,359,038 shares, leaving it with approximately 116,700 shares, a reduction of around 92%.
3 minutes ago
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