Renaissance Technologies, Aristides Capital and Adage Capital Partners were among the big U.S. hedge funds that added stakes or took new positions in Tesla Inc. last quarter, before a blistering rally in October that lifted the company's market value above $1 trillion and a subsequent drop this month.
Nvidia's stock is on fire. In Thursday's session, shares of the graphics processing unit (GPU) manufacturer set a new all-time high at $298.01 after soaring more than 12% on the stock market.
The ProShares Bitcoin Strategy ETF debuted under the ticker "BITO" and rose about 3% to $40.88 in early trading. The fund tracks CME Group bitcoin futures, i.e. contracts that speculate on the future price of bitcoin rather than the cryptocurrency itself.
Four tech firms have bought 66% of all Bitcoin mined since August.
The lack of clarity from the Federal Reserve (Fed) on when it will begin to withdraw stimulus to deal with the pandemic, at the same time as the U.S. bond yield continues to rally after months of steady increases - in the first days of January it has surpassed 1%, a level not seen since the beginning of the pandemic - has made many in the financial world resurrect the ghost of the 2013 'taper tantrum' as a real possibility for this 2021.
