Welcome to Markets Desk, here's what's moving the needle right now.
Intel and SK Hynix shares surged today on reports the two companies are in talks over U.S. memory chip manufacturing. For Intel, a deal would be a meaningful win for its struggling foundry business, which has been actively courting marquee customers to restore credibility in the contract manufacturing space.
Staying in the semiconductor world, Michael Burry — the investor who called the two thousand eight housing collapse — is doubling down on his bet against Nvidia and Palantir, warning of a potential nineteen eighty seven style market drop. Burry's thesis centers on stretched valuations in AI-linked names, though it's worth noting he has been early, and wrong, on similar calls before.
And on the succession front at Berkshire Hathaway, analysts are now speculating that Greg Abel, who inherited oversight of the company's three hundred sixty four billion dollar investment portfolio from Warren Buffett, may move to trim one of Berkshire's largest holdings. Abel's operational background differs sharply from Buffett's buy-and-hold philosophy, making portfolio shifts a genuine near-term watch item.
That's the tape. Markets Desk, signing off the floor.
