Black Monday or not?
Europe is crashing. So far we’re just pulling back some.
Circuit breaker tomorrow?
Dow futures already at 1000 points down.
Leo has pivoted to Nvidia.
Billionaire investor Leo KoGuan said he doubled his stake in Nvidia (NVDA) to 2M shares, adding to his position in the chipmaker as global markets face heightened volatility linked to the conflict in the Middle East.
“As promised, I bought additional 1 million shares of NVDA today,” KoGuan wrote early Saturday on X, days after disclosing his initial purchase.
The investment marks a notable shift for KoGuan, whose wealth has long been heavily tied to shares of Tesla (TSLA). It comes as global markets have weakened since the U.S. and Israel launched military operations against Iran last month, sparking a broad selloff across assets from bonds to equities and raising concerns that markets could fall further if the conflict drags on.
Shares of Nvidia (NVDA) are down about 5% this year through Friday’s close, while Tesla (TSLA) has fallen nearly 12%, compared with a decline of less than 2% for the S&P 500.
KoGuan is estimated to have spent roughly $350M on his Nvidia (NVDA) holdings based on recent closing prices. Aside from announcing the purchase, he said only that he hoped the move could “contribute a little to calm the nervous market.”
Looks like Trump got scared of the soaring oil prices and TACO’ed already? Moron.
I watched his whole press conference. I didn’t hear anything that sounded conciliatory.
Oil soared to about 117 then crashed to 84 or so on comments by the G7 about releasing some from reserves. Trump claimed progress was faster than expected.
