Hedge fund Tiger Global marked down the value of its venture capital funds in 2022 by 33%, or $23 billion, The Wall Street Journal reported. Tiger’s holdings in private companies include ByteDance, Stripe and Shein. The report noted that valuations in closely held private companies fell relatively less than those of publicly listed equities which are more liquid and transparent and were...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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