(Reuters) – GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the Reddit-driven “meme stock” rally of 2021. Here is a timeline of the key developments for the struggling video game retailer: July 27, 2020- “Roaring Kitty”…
(Please note language in paragraph 6 that readers may find offensive) By Suzanne McGee and Saqib Iqbal Ahmed (Reuters) – A report on Monday that online broker E*Trade may consider banning Keith Gill, the meme-stock influencer who ignited frenzied trading in shares of GameStop in 2021, has triggered a backlash on social media sites. The…
By Pranav Kashyap (Reuters) – Andrew Left, the founder of Citron Research, is again betting against retail investors’ favorite GameStop, which is back in the limelight after super-bull “Roaring Kitty” Keith Gill resurfaced online following a three-year hiatus. Citron was forced to close its short position in GameStop at a loss in 2021, after retail…
By David Randall NEW YORK (Reuters) – Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror. The company’s shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in…
(Reuters) -Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday, citing people familiar with the situation. The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report. The Azure for Operators layoffs involved as many as 1,500 job cuts, it added. Microsoft did…
By Arsheeya Bajwa TAIPEI (Reuters) – Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia. At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which…
(Reuters) – Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. Nvidia’s market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement…
By Nathan Layne (Reuters) – Republican presidential candidate Donald Trump’s campaign and the Republican National Committee said on Monday they had raised $141 million in May, nearly doubling the prior month’s haul thanks to a flood of support following his conviction. The tally includes the $53 million the Trump campaign said it raised in the…
