Fidelity is expected to raise the valuation of X Holdings stock by 32% in October.

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Odaily Planet Daily News Fidelity raised the valuation of X Holdings stocks by 32.37% in October, marking the largest monthly adjustment since the company supported Elon Musk's acquisition in 2022. However, this valuation still dropped nearly 72% from Musk's initial acquisition price of $44 billion. xAI also has a connection with X Holdings through equity. Fidelity participated in xAI's 6 billion US dollar Series B financing. It increased the value of these stocks by about 70% in October, which may affect its valuation method for X Holdings. (TechinAsia)

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