Ethereum remains one of the most widely used cryptocurrencies for online payments, digital services, freelance work, and international transfers. But for many users, holding ETH inside a wallet is only one part of the process. Eventually, funds often need to
New Delhi, May 31 (IANS) Sridhar Vembu, founder and chief scientist of Zoho Corporation, has cautioned that soaring valuations of some of the world's largest technology companies, fuelled by investor enthusiasm around artificial intelligence (AI), exhibit characteristics of a market bubble that could eclipse the dot-com era. In a post on social media platform X, Vembu highlighted the price-to-sales ratios of major technology firms, arguing that current market valuations appear increasingly detached from underlying business fundamentals. He cited companies such as Nvidia, Apple, Alphabet, Microsoft, Meta Platforms and Micron Technology, noting that several are trading at elevated multiples of their annual revenues. According to Vembu, Nvidia currently trades at around 20 times sales, while Apple, Alphabet and Microsoft command price-to-sales ratios of roughly 10 to 11 times. Meta stands at about 7.5 times sales, while Micron trades near 19 times sales. To underline his concerns, Vembu referenced remarks made by Scott McNealy following the collapse of the dot-com bubble in the early 2000s. McNealy had argued that investors paying ten times a company's annual revenue would need extraordinary performance and profitability over many years to justify such valuations. Drawing parallels with the late-1990s technology boom, Vembu said the current environment reflects "an insane bubble" and suggested that it may be even larger than the one witnessed in 1999. "Price to sales ratio for big tech (not price to earnings): Nvidia: 20x, Apple: 10x, Alphabet (Google): 11x, Microsoft: 10x, Meta: 7.5x, Micron: 19x," he said. "As Scott McNealy of Sun Micro said back on 2002: 'At 10x revenues, to give you a ten-year payback, I have to pay you 100% of revenues for 10 straight years," Vembu added. This is an insane bubble, even bigger than 1999, he mentioned. His comments come as AI-related stocks, particularly semiconductor manufacturers and software companies, have witnessed a sustained rally amid expectations that artificial intelligence will drive significant growth and productivity gains across industries. The AI boom has propelled several technology companies to record market capitalisations and helped push major stock indices to new highs. --IANS pk
Personal credit loans at Korea's top five banks surged 2.65 trillion won in May, the largest monthly jump in 5 years, as stock market gains drove debt-fueled investment.
Black Cypress Capital Management LLC lifted its holdings in shares of SLB Limited (NYSE:SLB – Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 298,162 shares of the oil and gas company’s stock after buying an additional [...]
BNP Paribas Financial Markets lifted its position in Roblox Corporation (NYSE:RBLX – Free Report) by 99.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,377,673 shares of the company’s stock after purchasing an additional 1,684,411 shares during the period. BNP Paribas Financial Markets owned about 0.52% of [...]
BNP Paribas Financial Markets increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 77.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,853,830 shares of the specialty retailer’s stock after acquiring an additional 1,242,846 shares during [...]
Bleakley Financial Group LLC purchased a new position in CVB Financial Corporation (NASDAQ:CVBF – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,411 shares of the financial services provider’s stock, valued at approximately $473,000. A number of other institutional investors and [...]
Black Cypress Capital Management LLC lowered its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 49.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,427 shares of the financial services provider’s stock after selling 42,239 shares during the quarter. Wells Fargo [...]
Black Cypress Capital Management LLC lifted its stake in Constellation Brands Inc (NYSE:STZ – Free Report) by 10,026.7% in the 4th quarter, HoldingsChannel reports. The fund owned 6,076 shares of the company’s stock after purchasing an additional 6,016 shares during the quarter. Constellation Brands comprises 0.6% of Black Cypress Capital Management LLC’s investment portfolio, making [...]
BNP Paribas Financial Markets reduced its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT – Free Report) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,542,762 shares of the company’s stock after selling 844,059 shares during the period. BNP Paribas [...]
Bearing Point Capital LLC boosted its holdings in Newmont Corporation (NYSE:NEM – Free Report) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,128 shares of the basic materials company’s stock after purchasing an additional 5,956 shares during the period. Bearing Point Capital LLC’s holdings in Newmont were worth $6,303,000 as of [...]
Bearing Point Capital LLC raised its stake in shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ – Free Report) by 7.8% in the 4th quarter, Holdings Channel reports. The firm owned 134,648 shares of the exchange traded fund’s stock after acquiring an additional 9,771 shares during the period. VanEck Junior Gold Miners ETF makes up [...]