Rivian and Uber are to collaborate in the pursuit of that elusive goal: self-driving vehicles. A noble aim, certainly, though one suspects the vehicles themselves have yet to express an opinion on the matter. Uber, naturally, intends to deploy a fleet of these automated conveyances, up to 50,000 of them, based on Rivian’s ‘R2’ model – a name that sounds suspiciously like a malfunctioning robot from a 1950s science fiction film.
CryptoQuant, some numbers guys on X, shouted that the correlation coefficient between Bitcoin and Gold fell like a toilet seat. For those of us who don’t know what a correlation coefficient is, it’s the math tool that tells you how two things dance together. And apparently, BTC and Gold are now in a disagreement about dance styles.
This Anthropic, it’s not one of your household names… not yet, anyway. Still a private affair, it is. But that don’t mean a fella can’t get a piece of the action. There’s a bit of a clever scheme, if you will, offered by the KraneShares Artificial Intelligence and Technology ETF (AGIX 0.07%). It’s a way to hitch your wagon to this particular star, even before it goes public and likely gets picked clean by the big boys.
See, the big guys are building these massive AI infrastructure empires – think server farms the size of small countries. They’re throwing money at GPUs like they’re going out of style. But even they are running into a problem. Access. It turns out, just having the money to buy the GPUs doesn’t automatically mean you can plug them in and start training your next chatbot. That’s where Nebius, and other “neocloud” companies, come in. They’re basically the GPU rental car agencies for the AI world.
Just after the closing bell – that magical moment when the goblins tally the day’s loot – SoundHound announced that their Chief Financial Officer, Nitesh Sharan, was departing for… well, for the realm of quantum computing. A fascinating place, quantum computing. Rumoured to be populated by cats in boxes and accountants who can be in two places at once.1 The move, effective Friday, April 3rd, is described as Sharan accepting “a leadership role,” which is the polite way of saying he’s traded one set of impossible problems for another.
On the surface, the arrangement appears quite advantageous for Rivian – and, indeed, it is. Fresh capital and a guaranteed customer for a considerable number of vehicles are not to be sneezed at. However, an improvement in prospects does not, alas, automatically translate to a buying opportunity. The market, you see, is a beast of its own making, and often acts with a logic that would baffle even the most seasoned investor.
Two such companies, currently experiencing a temporary dip in fortune (or, as the Alchemists of Wall Street would call it, “a period of alchemical refinement”), are MercadoLibre and Nintendo. This isn’t a disaster, mind you. It’s merely an opportunity. A chance to acquire shares in companies that, with a little luck and a lot of shrewd management, could prove to be remarkably… profitable. Consider it a bargain, a treasure hunt in a sea of inflated valuations.
The aforementioned Atlas, it seems, decided that a reduction in its holdings of Portland General was in order during the last quarter. This wasn’t a panicked dash for the exit, but a considered adjustment, bringing the fund’s stake down from a rather enthusiastic 10.36% of their 13F AUM to a still-respectable 4.66%. The net effect, a decrease of roughly $99.81 million in their position, is, as these things go, neither a catastrophe nor a cause for popping champagne, but simply a fact to be noted with a mildly raised eyebrow.
Since its initial public offering in 2008, B2Gold has demonstrated a 192% cumulative return. However, recent performance must be evaluated within the context of prevailing macroeconomic conditions and evolving investor sentiment.
Forty-nine-point-seven million shares changed hands. A busy day, but not a frenzy. Still, it’s sixteen percent above their three-month average. This isn’t a company built on flash. It’s a slow burn, a legacy player trying to rewire itself. They went public back in ’83, a different world entirely. Six hundred and sixteen percent growth since then. A solid return, if you had the patience. Most don’t.
