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Gabe Plotkin Plans ETF Comeback After Melvin Capital Collapse
Gabe Plotkin Plans ETF Comeback After Melvin Capital Collapse
After closing his hedge fund in the aftermath of the meme-stock upheaval, Gabe Plotkin is exploring a new investment structure, according to Bloomberg.
He’s looking to place a portion of his personal holdings into an exchange-traded fund, using a method that has become increasingly attractive for wealthy investors seeking to postpone capital gains taxes.
As co-chair of the Charlotte Hornets, Plotkin is expected to contribute most of the starting assets for a proposed vehicle called the Snowball ETF, according to people familiar with...
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"Price Collapse" Hits Memory Sticks As Hoarded Inventory Floods Market After Google's DeepSeek Moment
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Following our "Google's DeepSeek Moment" report last week, which detailed how TurboQuant, a compression algorithm for large language models and vector search engines, could sharply reduce AI memory requirements and sparked a selloff in top memory stocks, a Taiwanese financial outlet is now reporting a plunge in memory stick prices this week.
Taiwan-based Economic Daily News reports that DDR5 memory stick prices have dropped by 15% to 30%, marking the first major price correction after a rally that began...
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