Meanwhile, AIsoftware stocks– or “AI Appliers,” as we like to call them – actually did fine yesterday. Firms likeSamsara(IOT),Procore(PCOR),Zscaler(ZS),Intuit(INTU),Monday.com(MNDY),ServiceNow(NOW),AppFolio(APPF),Workday(WDAY),Atlassian(TEAM), and others mostly rose amid the turmoil...
So, for instance, if Hedge Fund A purchases 1,000,000 shares of SPAC XYZ for $10 per share, that $10,000,000 is put in a trust. When the SPAC goes public, if shares are trading at $10.05, Hedge Fund A can sell their shares and make a $50,000 profit. Woohoo! The money stays...