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AI & Enterprise

Big Short\'s Michael Burry resumes Tesla short, targets Nvidia and semiconductor ETF

Investor Michael Burry, known as the real-life figure behind the film \'The Big Short\', disclosed a new short position in Tesla at $416.22 as part of a broader wager against what he called overheating in AI and semiconductors. He also listed shorts in Caterpillar, Nvidia, iShares Semiconductor ETF and Applied Materials. He did not disclose the size or structure of the Tesla position. Burry argued semiconductor valuations are at an extreme level.

Crypto

Bitcoin could drop below $24,000 in 2026; a sharp U.S. stock selloff is the variable

Bitcoin could fall below $24,000 in 2026 if a macro shock sends U.S. stocks down more than 50 percent, a forecast said. Technical analyst Jesse Olson told Cointelegraph bitcoin could slip to $23,980, citing a long-term support line based on his Market Sniper Pro VWAP indicator. Some market figures warned of a potential equity correction. Coinbase premium readings and U.S.-listed spot bitcoin ETF flows have stayed weak, with $4.68 billion of net outflows since May.

Crypto

EBay rejects $56 billion GameStop bid, spotlight returns to bitcoin strategy

EBay rejected GameStop’s $56 billion takeover proposal, bringing renewed market attention to GameStop’s bitcoin exposure. The EBay board declined a $125-per-share offer split evenly between cash and stock, citing doubts about credibility and financing. EBay shares traded well below the offer price. GameStop holds about $368 million in bitcoin exposure via a covered call strategy and moved most of 4,709 BTC to Coinbase Prime, recorded as receivables.