According to the International Data Corporation (IDC), global spending on augmented reality and virtual reality is expected to reach $13.8 billion this year and increase to $50.9 billion in 2026.
Cathie Wood has been really optimistic about her bets over the past few months. However, the massive losses suffered by her fund had forced her to have second thoughts about some growth stocks.
Michael Burry, one of the most prominent Wall Street financiers, tweeted a cryptic message on August 4, in which he stressed that ‘the silliness is back’, noting that the market’s bullish sentiment.