-- A surprise endorsement from Nvidia Corp. may have excited some investors over the prospects for Samsung Electronics Co. to catch up in the artificial intelligence race, but others remain unconvinced.Reddit Soars 48% in Debut as AI Pitch Gets Warm Reception
Options traders have been more ambivalent. Bets on both directions soared this week for Samsung, including puts wagering on a 70% drop in the next three months and calls that will cash in if the stock surges 300% in the same time span.Day traders took a contrarian stance on the Huang boost. While institutional investors poured cash into Samsung shares Wednesday and Thursday, retail traders sold 3 trillion won worth of the stock on a net basis, a record two-day withdrawal.
Watch out Taylor Swift and C-suite execs, Biden’s new tax proposals aim to crack down on the corporate jet tax write off Remote work jobs are disappearing—but they’re becoming a talent gold mine for employers still offering them
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