JENSEN AT COMPUTEX TAIPEI JUST NOW:
- Marvell will become the next trillion-dollar company
- Marvell and Nvidia are strengthening their partnership to expand critical networking & connectivity to power AI data centers
Jensen touch...plus 17% ๐
JUST IN: Citron Research founder and short seller Andrew Left found guilty of securities fraud.
Prosecutors say he illegally influenced share prices through tweets, making $20,000,000
Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.