Wall Street veteran tracking corporate mergers, banking regulations, and market trends.
Apple overtook Nvidia on Friday as the world's most valuable publicly listed company, closing at a market capitalisation of $4.88 trillion. The shift reflects growing investor doubt about the pace of AI infrastructure spending and renewed confidence in Apple's leaner approach to the technology.
Legendary investor Howard Marks has labelled the imminent public listings of SpaceX, Anthropic, and OpenAI a "money-losing bubble", as the three firms prepare to flood global markets with roughly $3 trillion in combined valuation.
The head of one of the world's largest independent financial advisory firms says a sweeping reallocation of capital away from mega-cap technology stocks is now underway — and could be the most significant market shift since the post-pandemic recovery.