Tiger Global established new positions in SpaceX and AMD in Q2, while cutting stakes in Google, TSMC, NVIDIA and other companies.
Tiger Global Fund made large-scale portfolio adjustments in the second quarter. Reductions: Broadcom (AVGO.O) cut its holdings by 51.1% to 1.8 million shares; Alphabet Class A (GOOGL.O) reduced by 45.4% to 5.8 million Class A shares; TSMC (TSM.N) cut by 12.3% to 4.9 million American Depositary Shares (ADS); Microsoft (MSFT.O) reduced by 9.3% to 2.3 million shares; Meta Platforms (META.O) cut by 8.5% to 2.8 million Class A shares; NVIDIA (NVDA.O) reduced by 6.8% to 11.2 million shares; JD.com (JD.O) cut by 41.5% to 201,500 ADS. Increases: Intel (INTC.O) boosted its holdings to 4.3 million shares; opened new positions in AMD (AMD.O) (674,000 shares) and SpaceX (SPCX.O) (375,000 shares); and fully liquidated its position in Netflix (NFLX.O).
8 minutes ago
Trump: Will Soon Announce the Strait of Hormuz as U.S. Territory.
US President Trump stated that he will soon designate the Strait of Hormuz as US territory, adding that he does not care about striking Iran's economy ahead of the midterm elections. He called the blockade on Iran unstoppable, describing it as an "iron wall". Additionally, White House Press Secretary Leavitt noted that there are more measures to pressure Iran, and the US can continue to punish Iran and undermine its economy.
8 minutes ago
US equities closed lower this morning, with all three major indices finishing in negative territory; SanDisk gained over 7%, while Broadcom dropped nearly 6%.
US stocks closed on Friday: The Dow Jones initially fell 0.20%, the S&P 500 dropped 0.17%, and the Nasdaq declined 0.28%. Drone technology firm Unusual Machines (UMAC.N) surged 24.83%. Storage-related stocks maintained their upward momentum, with SanDisk (SNDK.O) rising 7.39% and Micron Technology (MU.O) gaining 2.3%. Semiconductor stocks saw mixed performance: AMD (AMD.O) advanced 6.5%, Broadcom (AVGO.O) slid 5.94%, and Applied Materials (AMAT.O) fell 5.12%.
8 minutes ago
WSJ: Nvidia and OpenAI adjust their partnership plan for the 10GW data center in Ohio, cutting the guarantee amount to below $120 billion.
According to a WSJ report, sources said NVIDIA (NVDA.O) and OpenAI have revised the proposed deal structure for their 10-gigawatt data center project in Ohio. NVIDIA will underwrite 5 gigawatts of the project, cutting the guarantee amount from $250 billion to less than $120 billion.
8 minutes ago
JPMorgan Chase has terminated its banking relationship with Polymarket over regulatory concerns.
According to a Wall Street Journal report, sources familiar with the matter said JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket last October due to regulatory concerns. However, the bank still maintains partial partnerships with Polymarket and other prediction market firms. A Polymarket spokesperson noted that the company currently has "close and active relations" with JPMorgan through multiple entities. Over the past year, Polymarket CEO Shayne Coplan has attended JPMorgan-hosted events three times. Earlier this year, a major investor in Polymarket assisted the firm in reaching out to large banks including Citigroup and Fifth Third.
Currently, prediction markets are facing heightened scrutiny from U.S. state and federal regulators. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket, while the New York City Council is also probing its marketing practices; simultaneously, multiple states are engaged in ongoing litigation over whether prediction markets should be regulated as gambling operations.
JPMorgan has previously come under the Trump administration’s spotlight over so-called "debanking" issues. Trump has ordered regulators to probe whether banks engage in "politicized or illegal debanking" practices, and JPMorgan received a subpoena from the U.S. Department of Justice last month as a result.
8 minutes ago
Fed's Goolsby: More evidence needed to confirm inflation is falling
Chicago Federal Reserve President Austan Goolsbee said recent Consumer Price Index (CPI) data is encouraging, but inflation remained elevated in May and June. If the momentum from June persists over the next three to four months, policymakers can be confident prices are steadily returning to the 2% target, he noted. He backed holding interest rates steady in July, pointing out that inflation remains the top concern while the economy and employment have "broadly held stable." Goolsbee warned that a sustained drop in retail sales would spark worries, as consumption is a key pillar of the U.S. economy. Separately, he expressed concern over the recent slowdown in productivity growth, stating that if AI-driven growth is not sustainable, the narrative around AI and monetary policy will need to be re-evaluated. On the question of reducing the number of policy meetings, Goolsbee said he has no strong stance and is willing to wait for the working group’s recommendations. (Jinshi)
8 minutes ago
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