4 Cloud Stocks Billionaires Can t Stop Buying fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Nasdaq composite: 12,690.26, down 2.4%
The billionaire investor Ron Baron told CNBC on Thursday that despite his long-term bullishness on Tesla, he had sold about 25% of his clients stake in the electric-vehicle manufacturer after its position became too concentrated.
The weakness in technology stocks hasn t stopped Cathie Wood s Ark Invest from buying the dip in high-flying stocks. Ark s daily trading disclosures indicated that the firm bought millions of shares of Palantir on Wednesday amid the decline.
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Going public in the US via a special-purpose acquisition company has reportedly caught the interest of Flipkart, the Indian e-commerce giant owned by Walmart.
Gabe Plotkin s Melvin Capital, which was at the center of the GameStop short-squeeze earlier this year, recouped some of its losses and gained 22% in February.
Melvin Capital surged 22% in February after GameStop disaster bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.