amit

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. UBS raised its price target on Micron $Micron Tech(MU.US) to $1,625 from $535 while maintaining a Buy rating, citing structural changes in the memory market driven by AI. The firm expects Micron’s EPS to stay above $100 through 2029 and sees the company generating more than $400B in free cash flow over that period. UBS also pointed to long-term agreements across the memory industry that could lock in pricing and create a smoother earnings profile. Micron has now passed $1 trillion in market cap, making it the 9th largest company in the world.

2. As Elon Musk prepares to take SpaceX public, there is growing speculation that his longer-term goal could be combining SpaceX with $Tesla(TSLA.US) Tesla. According to CNBC, Musk has discussed the idea of folding the companies together with colleagues. Tesla and SpaceX already share engineers and collaborate on major technical challenges, including power and compute constraints.

3. The top 10 most active options today by contracts traded were $NVIDIA(NVDA.US) with 3.8M contracts, $Tesla(TSLA.US) with 3.6M contracts, $Micron Tech(MU.US) with 1.2M contracts, $Apple(AAPL.US) with 932K contracts, $Nokia Oyj(NOK.US) with 801K contracts, $Microsoft(MSFT.US) with 684K contracts, $Amazon(AMZN.US) with 635K contracts, $Intel(INTC.US) with 627K contracts, $AMD(AMD.US) with 548K contracts, and $Ford Motor(F.US) with 532K contracts. Nvidia and Tesla dominated the market, each trading more than 3.6M options contracts, while Micron was the next major standout with over 1.2M contracts traded.

4. $Qualcomm(QCOM.US) has reportedly struck an AI chip deal with ByteDance, with Bloomberg saying Qualcomm will supply AI-focused ASICs and ByteDance is expected to buy millions of chips for its AI agent software. The deal could make ByteDance one of Qualcomm’s first major AI ASIC customers as the company pushes beyond smartphone processors into AI infrastructure. ByteDance is also spending aggressively on AI, with SCMP reporting its 2026 AI capex was raised by at least 25% to about $29.4 billion. The agreement depends on the chips staying within U.S. legal compute thresholds for China.

5. Piper Sandler reiterated its Overweight rating on Microsoft $Microsoft(MSFT.US) and maintained its $540 price target, citing material Copilot improvements, potential for more than 5 million FQ4 seat additions, AI capex converting into cloud revenue, and margin tailwinds from newer models.

6. The value of equities held by U.S. households has climbed to a record $57.7 trillion, up 156% since 2020. That is now $9.8 trillion, or 20%, above the total value of household real estate, marking the widest gap on record. Markets are pricing an 81% chance of a new U.S.-Iran agreement by June 30, likely leading to lower oil (now below $100) which could continue propelling markets to maintain their momentum.

7. $IREN(IREN.US) signed a $1.6 billion purchase agreement with Dell for air-cooled NVIDIA Blackwell systems at its Childress, Texas data centers. The systems are expected to support IREN’s previously announced 5-year, $3.4 billion managed services AI cloud contract, with commissioning targeted for early 2027. IREN said the deal could increase its annualized run-rate revenue target from $3.7 billion to $4.4 billion, although that full target is not yet fully contracted.

8. Taiwan’s stock market has reached a record total market cap of $4.95 trillion, surpassing India’s $4.92 trillion for the first time and making Taiwan the world’s 5th largest stock market. The move has been driven by the AI-led rally in semiconductor stocks, with Taiwan’s market value more than doubling since mid-2024. Taiwan Semiconductor $Taiwan Semiconductor(TSM.US), which now represents roughly 42% of Taiwan’s total market value, has surged 130% over that period. Meanwhile, India’s market cap has fallen 12%, pressured by record foreign outflows, expensive valuations, and a weaker rupee. The contrast is notable because India is the world’s 6th largest economy, with GDP of $4.15 trillion, more than 4x Taiwan’s $977 billion economy.

9. Figure, the humanoid robotics company, has signed a commercial agreement with Catalyst Brands, the operator of JCPenney, Aéropostale, and Brooks Brothers, to deploy humanoid robots at scale. The partnership will begin with an initial deployment in Reno, Nevada, as Figure continues expanding real-world commercial use cases for its humanoid robotics platform.

10. Some insider buys: $Norwegian Cruise(NCLH.US) CEO John Chidsey bought 153,000 shares at $16.37, worth about $2.5M, following Director Cohen’s ~$475K purchase last week. $Hims & Hers Health(HIMS.US) Director David Wells bought 48,400 shares at $24.235, worth about $1.17M. Meanwhile, $Nokia Oyj(NOK.US) insider buying is accelerating, with Konstanty Owczarek buying roughly $1.1M of stock across two purchases in the last 30 days. An $Intuit(INTU.US) Intuit Director bought 1750 shares, the first insider buy since 2006.

11. AI is increasingly driving market profitability. The S&P 500’s net profit margin excluding financials has climbed to a record roughly 15%, while margins excluding the Magnificent 7 and tech have fallen to around 8%, near the lowest level since the 2020 pandemic. That creates a roughly 7 percentage point gap between tech and non-tech sectors, the widest on record. While margins outside of tech have been trending lower since 2022, Magnificent 7 and tech companies have seen margins accelerate sharply over the last several quarters.

12. SpaceX $SpaceX(SPCX.US) has won a $2.29 billion contract from the U.S. Space Force to develop a space-based data network.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

every semi running except the one that is responsible for all them running 😆

semis ex-Nvidia and space are the themes leading this market

there was a space name that was down 99.9% over the past 5 years that pumped 110% today

pretty crazy times

Source: amit

Because we are all addicts, here are some of the biggest US stocks & what they are trading at in USD converted from their current price in the German markets 😂

Market likes the potential closure of the Iran situation...

Source: amit

The older I get, the more I realize that the freedoms I get to enjoy in this country are only because of people who gave up their lives in order to create the possibility for future generations to experience freedom.

Deeply proud to be an American and dedicated to making sure I never forget why I even get to have a chance to pursue the American dream 🇺🇸

Source: amit

cannot express how much I love $Tesla(TSLA.US) FSD.

just took a 25 min drive in the rain without any worries or fears about knowing how I was going to get to where I was going.

legit the best AI product on planet earth.

only thing I wish was available is the ability for me to be on my phone but I know that’s eventually coming.

we get to live in a time where CARS are driving themselves and making their own decisions in the POURING rain, it is just crazy 😆

Source: amit

looks like Trump missed his son’s wedding to end the war

S&P 500 $SPX PERPETUAL FUTURES IMPLY A $7600 OPEN

market likes it

Source: amit

joined space mob at $86 a few weeks ago and happy I joined but people gave @spacanpanman way too much hate because the stock fell from $85 to $60

as if growth stocks don’t experience…oh I don’t know…10-20% swings normally

originally bought it as a trade before the Blue Origin launch a few weeks ago because of @AceCrouton (who just hit $1M port!) but am deciding to continue holding as we see the SpaceX IPO coming up soon which should be a catalyst (and to an extent has been already) for space names

just really hated to see Anpanman getting that much hate because a growth stock went down…we all just have to be nicer humans 😆

back to $100 for Sp🅰️ceMob 🚀

Source: amit

Warsh officially becomes the new Fed Chair.

Waller, one of the biggest doves on the Fed, officially comes out today and says you are crazy to think a cut would be on the table.

Fed Futures now pricing in an October hike.

Small caps catching a bid today. S&P ATH. Nvidia down after earnings.

Earnings continue to be incredibly strong even with high inflation.

Either summer is going to be taking a breather and give a meaningful dip or we just keep ripping and tbh, if we were to get a bad dip, now that the AI story has become so obvious, most people would buy that dip…which is why we might not get one.

Source: amit

BREAKING: There is now a reported draft of a U.S.-Iran agreement reached via Pakistan mediation and an announcement is expected within hours

- Deal reportedly includes an immediate comprehensive ceasefire across all fronts.

- Parties would agree not to target infrastructure, while freedom of navigation in the Persian Gulf and Strait of Hormuz would be guaranteed under a joint monitoring mechanism.

- Sanctions would be gradually lifted in exchange for Iran’s compliance, with talks on unresolved issues set to begin within seven days.

So, we've seen things like this before...maybe this one is more legitimate because of the Pakistanis being involved along with the fact that Trump canceled his AI executive order signing ceremony today...oil just fell below $100 so if this is true, we'd probably be finding out soon.

Source: amit

is everyone okay with realizing that you don’t have to be in every single stock that goes up and you definitely don’t need to sell your losers and chase a winner every other day?

like if you are in a name that had a great 2025 and is having a bad 2026…you realize you don’t have to dump it and buy the name that went up 40x in a year right?

are we all also okay with realizing that complaining about your name being stuck and some other name going up means you are a just someone who has no conviction because you 1) cant cut the loser 2) don’t have the balls to buy the name that is moving which means all you are basically doing is yelling at a brick wall?

like if you didn’t want to buy any names that dipped last few days…why are you complaining about them being up today?

if you can’t handle your 10x from 2024 beginning to consolidate in 2026 (which is maybe healthy) without thinking it’s an opportunity cost then why are you upset if the name you chased is going down 10% in a day? didn’t you want volatility?

it’s almost like everyone decided they can become a hedgefund manager and make a change to their portfolio every single day and not actually have a thesis to a company and let it play out (through the good and bad) and as a result have decided to complain about every single market move

it’s just not healthy, either DCA into the names you believe in or sell them and go chase the winners but the complaining daily is becoming laughable when investing is, and has always been, a long term game

Source: amit

$NVIDIA(NVDA.US)

NVIDIA PRICE TARGETS ACROSS THE STREET FOLLOWING Q1 EARNINGS:

Baird $300 —> $500

Evercore ISI $352 —> $413

Melius $380 —> $400

BofA Securities $320 —> $350

Benchmark $250 —> $335

Raymond James $323 —> $330

Wedbush $300 —> $330

Bernstein $300 —> $315

KeyBanc $300 —> $310

Truist Securities $287 —> $307

Jefferies $275 —> $300

Mizuho $275 —> $300

Fubon Securities $270 —> $300

Morgan Stanley $285 —> $288

Goldman Sachs $250 —> $285

Source: amit

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. $NVIDIA(NVDA.US) reported a massive Q1 2026, with revenue reaching $81.6 billion, up 85% year over year. Data Center revenue hit $75.2 billion, up 92%, while EPS rose 135% to $1.87. Gross margins expanded to 75%, up 14% year over year. Nvidia also guided for $92 billion in Q2 revenue, announced a new $80 billion share buyback, and increased its quarterly dividend from $0.01 to $0.25 per share. The stock was slightly down to flat after hours.

2. SpaceX officially filed for a Nasdaq IPO under the ticker $SpaceX(SPCX.US), giving investors the first full public look at the combined SpaceX, Starlink, X, and xAI company. The filing shows 2025 revenue of $18.67 billion, up 30%, but a $4.94 billion net loss after posting a $791 million profit in 2024. The company reported 9,600+ Starlink satellites, about 10.3 million Starlink subscribers across 164 countries, 1GW+ of AI compute nameplate draw, roughly 350 million daily posts, and 550 million monthly active users. Anthropic has also agreed to pay SpaceX $1.25 billion per month through May 2029 for AI compute capacity, with ramping in May and June 2026 at a reduced fee. SpaceX will be a controlled company, with Elon Musk serving as CEO, CTO, and chairman while retaining 85% voting control, meaning he can control major shareholder decisions and the company does not expect to pay Class A dividends anytime soon.

3. $PepsiCo(PEP.US) plans to raise prices on smaller chip bags as PepsiCo faces higher costs in the U.S., continuing the broader trend of food companies passing inflation and input cost pressures on to consumers.

4. $Alphabet(GOOGL.US) just announced a new $15 billion investment to build AI infrastructure in Missouri, expanding Google’s U.S. data center and AI compute footprint as competition around AI capacity continues to accelerate.

5. OpenAI is reportedly preparing to file for an IPO as soon as Friday, according to WSJ. The company is working with Goldman Sachs and Morgan Stanley on a draft prospectus and could file confidentially with regulators in the coming days or weeks. OpenAI is aiming to be ready for a public listing as early as September, though the timeline could still change. The move comes after OpenAI cleared a major legal hurdle in Elon Musk’s case against the company.

6. $Alibaba(BABA.US) Alibaba announced a new AI chip called the Zhenwu M890, which Alibaba says delivers 3x the performance of its previous-generation Zhenwu 810E chip. According to CNBC, the new processor includes 144 GB of GPU memory and interchip bandwidth of 800 GB per second, highlighting Alibaba’s push to strengthen its in-house AI infrastructure and compete more aggressively in the AI compute race.

7. Anthropic’s Q2 revenue is reportedly set to more than double to $10.9 billion, with the company also expected to post its first operating profit, according to the WSJ. Q2 operating profit is projected at $559 million, a major shift from prior investor materials that did not expect full-year profitability until at least 2028. WSJ says the figures were shared with investors during an ongoing funding round that could push Anthropic’s valuation above OpenAI’s. One caveat is that Anthropic may not remain profitable for the full year as compute spending ramps, and the operating profit figure excludes stock-based compensation.

8. April FOMC minutes showed officials generally expect the rate pause to last longer than previously anticipated, with many favoring the removal of the easing bias from the statement. A majority said further policy firming could be appropriate if inflation remains persistently above 2%, with upside risks tied to energy prices, tariffs, and Middle East uncertainty. Several officials said rate cuts could still come later this year if the conflict eases and inflation pressures fade. Labor market conditions are expected to remain stable in the near term, though downside employment risks remain. Almost all officials supported holding rates at 3.50%-3.75%, while one preferred a 25 bps cut.

9. China reportedly added Nvidia’s $NVIDIA(NVDA.US) China-specific RTX 5090D V2 gaming chip to a customs banned list last week during Jensen Huang’s visit to Beijing, according to FT. The chip was designed to comply with U.S. export controls and is used by gamers, animators, and AI developers for smaller workloads. The banned list also initially included Nvidia’s H200 and H20 AI chips. Even after U.S. approval for H200 sales to firms like Alibaba and Tencent, shipments remain blocked by Chinese customs.

10. Jeff Bezos in a new interview said today that higher taxes on the wealthy will not solve America’s fiscal problems, arguing that even doubling the billions he already pays would not address the underlying issue of government policy. He also said he plans to give away most of his wealth during his lifetime. Bezos criticized government inefficiency by comparing it to Amazon, saying that if Amazon operated like New York City’s school system, packages would take six weeks, cost $100 to deliver, and still arrive with the wrong item. He also said space data centers are “very realistic” and “will happen,” though a 2-3 year timeline is probably too ambitious.

11. $Micron Tech(MU.US) said at JPM’s Boston conference that demand continues to grow and is still outpacing both Micron’s and the industry’s ability to supply because of persistent structural factors. Management emphasized that “cost is a religion,” the balance sheet has “never been stronger,” and the company remains focused on meeting customer demand with higher-quality products. Micron also said strategic customer agreements are helping improve planning and visibility. The company added that its financial outlook has strengthened since the last earnings call and that it is on track for another substantial record free cash flow quarter in fiscal Q3.

12. $Intuit(INTU.US) reported a strong Q3 while also announcing plans to cut more than 3,000 roles, or about 17% of its workforce. Revenue came in at $8.6 billion, up 10% year over year and above estimates, while adjusted EPS of $12.80 also beat expectations. Intuit raised its FY2026 guidance to $21.34 billion-$21.37 billion in revenue and $23.80-$23.85 in adjusted EPS, while guiding Q4 EPS well above estimates.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

so what did people think about those $NVIDIA(NVDA.US) earnings

they crushed as always, focused heavily on CPU TAM + capex continuing to grow

stock slightly down to flat, no major reaction

seems like the street liked it but just wasn’t blown away

reaccelerating growth to +90% Q2 now 😳

Source: amit

FED MINUTES INDICATE A MAJORITY OF OFFICIALS BELIEVE INFLATION IS PERSISTENT AND COULD REQUIRE HIKES

Warsh is going to have some work to deal with soon…

If it really is just oil, then maybe the war ending helps get rid of the case for a hike (even if we don’t get a cut) but if it’s more than oil as the reason…

Not sure Trump could handle his Fed Chair actually deciding to raise rates.

Source: amit

BREAKING: OpenAI has reportedly been working with Goldman Sachs and Morgan Stanley on preparations for a potential IPO, according to the WSJ.

So we’ve got SpaceX coming in at $2T, OpenAI likely looking for $1T+ and Anthropic already hitting $1T in the private markets that also wants to go public by the Fall.

So much liquidity to fund these companies, question is where will it come from…but it is absolutely time for them to be public.

The brutality of public markets forcing these companies to continue being operationally efficient with important and everyone finally getting access to their growth will matter.

Just imagine SpaceX, OpenAI, and Anthropic in the rotation of publicly available names for the AI trade…

Source: amit

HAPPY $NVIDIA(NVDA.US) NVIDIA EARNINGS DAY.

Street is expecting $78.9B in Revenue and $1.74 of EPS.

Nvidia is up +18% this year and +35% from the March lows.

Jensen has consistently said that “you can’t hold the stock back,” because of where the world is going when it comes to token generation.

Once again, the entire world will be waiting for what Nvidia can prove and based on the earnings for every other semiconductor company, you’d imagine they raise the guide AGAIN and accelerate growth AGAIN which would continue to reinforce how strong the broader AI story is.

But, $VanEck Semiconductor ETF(SMH.US) is also up 50% this year and semis have had a massive run, so the real question will not be if Nvidia crushes but how much market cap the market will continue to bake into the premium.

ALL EYES ON JENSEN TONIGHT.

Source: amit

everyday at approximately 12:48PM ET the stock market remembers AI is real and we rip

kinda funny how much market cap is added intraday once we flip 😂

bears are really trying…part of the selloff last few days probably is $NVIDIA(NVDA.US) jitters as well

the market always usually gets scared before they crush, but then the market usually dumps after they crush

maybe because everyone is expecting a dump on good numbers…we end up pumping?

there is no way Nvidia doesn’t demolish earnings given the growth we’ve seen on every semi name so far so it’s really a question of how big the beat will be

Source: amit

these bond yields spiking is so, so bad but it’s also like who cares cause earnings aren’t slowing down so…

unless the market eventually starts to care

last time we were even close to 4.7% on the 10-year, S&P was down 30% 😂

AI capex is literally the only story keeping this party going and it simply cannot slow down

but once again, this is a dip for ants, the parabolic moves up make this dip look like these stocks are just going back to normal which ironically might be “the dip”

funnily enough, software down intraday as semis pump again 😆

the market is just torn on these sectors but also refuses to care about bonds and oil

still not extreme greed yet either

Source: amit

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Markets whipsawed throughout the day as Iran headlines shifted. Premarket stocks turned sharply green after reports suggested the U.S. was open to unfreezing Iranian assets and offering sanctions relief, reversing the weakness from overnight futures. At the open, sentiment flipped after headlines said the U.S. was rejecting Iran’s latest proposal and preparing for possible military action. Oil and bonds moved higher while stocks sold off, before equities rebounded intraday after President Trump said he would delay attacks on Iran as Middle Eastern officials pushed for a possible deal.

2. 13Fs are out. Berkshire Hathaway opened new positions in $Delta Air Lines(DAL.US) and $Macys(M.US) while also increasing its $Alphabet(GOOGL.US) stake by 200%. Berkshire also sold their entire $Unitedhealth(UNH.US) position. Chase Coleman of Tiger Global bought $Macys(M.US)ELI, $Lumentum(LITE.US), $Intel(INTC.US), $Xanadu Quantum Tech - B(XNDU.US) and $Robinhood Ventures Fund I(RVI.US). Stanley Druckenmiller sold $Alphabet(GOOGL.US) and bought $Sandisk(SNDK.US), while the Bill & Melinda Gates Foundation sold 100% of its $Macys(M.US)SFT position. Bill Ackman also sold Google and bought Microsoft. The top 10 buys last quarter across 80 of the largest institutional investors were $Macys(M.US)SFT, $Amazon(AMZN.US), $Macys(M.US)ETA, $Visa(V.US), $Sunbelt Rentals(SUNB.US), $Disney(DIS.US), $Uber Tech(UBER.US), $Adobe(ADBE.US), $Fiserv, Inc.(FISV.US), and $Waters(WAT.US).

3. SpaceX’s reported IPO plans continue to gain momentum, with the company expected to trade under the ticker $SpaceX(SPCX.US) and potentially go public around June 12. Reports suggest SpaceX is targeting an $80 billion raise at roughly a $2 trillion valuation, with a focus on expanding retail access to international brokerages beyond just U.S. platforms. Meanwhile, $SpaceX(SPCX.US) perpetual futures began trading on Hyperliquid at $208 per share, implying a valuation closer to $2.4 trillion — which would make it the largest IPO in history. Perpetual futures markets are increasingly being used to create liquidity and price discovery for private or non-liquid assets ahead of public listings.

4. OpenAI won its trial against Elon Musk, who argued the company “stole a charity” by transitioning toward a for-profit structure after he contributed tens of millions to help launch it. OpenAI’s defense said Musk was aware of and supported the for-profit plans early on, only opposing the company later after losing influence and starting rival AI firm xAI. The ruling appears to remove one of the biggest legal obstacles standing in the way of a potential OpenAI IPO.

5. Citi sees the server CPU market growing from $29.3 billion in 2025 to $131.5 billion by 2030, driven largely by the rise of agentic AI workloads. The bank expects the biggest growth category to be agentic CPU applications, forecasting the segment to grow at a 185% CAGR to $59.4 billion by 2030 — representing 45% of the total server CPU market. Citi’s projected 2030 market share breakdown is $Intel(INTC.US) at 47%, $AMD(AMD.US) at 34%, and ARM-based and other players at 19%.

6. Top option volume leaders today were led by $NVIDIA(NVDA.US) with 3.94 million total contracts traded, followed closely by $Tesla(TSLA.US) at 3.86 million. $Macys(M.US)SFT saw 1.12 million contracts, while $Apple(AAPL.US) traded 899K and $Amazon(AMZN.US) traded 762K contracts. Rounding out the top 10 were $Alphabet(GOOGL.US) with 701K contracts, $Macys(M.US)U with 657K, $Intel(INTC.US) with 655K, $Netflix(NFLX.US) with 445K, and $Macys(M.US)ETA with 441K total option contracts traded.

7. BofA reiterated $Netflix(NFLX.US) at Buy with a $125 price target, citing an expanding advertising opportunity. Analyst Jessica Reif Ehrlich noted that Netflix’s ad-supported tier has grown to more than 250 million monthly viewers globally, up from 94 million last year. BofA expects ad revenue to rise from about $1.5 billion in CY25 to roughly $3 billion in CY26 as Netflix expands ad formats, pricing, personalization, and international availability. The firm also highlighted new placements across mobile vertical video and podcasts, along with plans to enter 15 additional ad markets.

8. President Trump will swear in Kevin Warsh as the next chairman of the United States Federal Reserve on Friday. Kevin Warsh will be the wealthiest Fed Chair in history with an estimated net worth of $150M. He has publicly expressed support for crypto and believes AI will be deflationary.

9. $NVIDIA(NVDA.US) Nvidia invested in Decart as AI labs look for more flexibility across chips. Decart builds AI infrastructure software that helps developers run models across processors from Nvidia, Amazon, Google, and others. WSJ reports the startup raised $300 million at a nearly $4 billion valuation, led by Radical Ventures with participation from Nvidia. Its main product, the Decart Optimization Stack, helps developers move models between different hardware systems without rebuilding around each chip. Amazon is Decart’s biggest customer and has deployed its tech across Twitch, retail, and studios, while the company also builds real-time world models for interactive 3D environments.

10. OpenAI and $Dell Tech(DELL.US) are partnering to bring Codex deeper into enterprise infrastructure. Dell’s AI Factory and AI Data Platform help companies run AI workloads across hybrid and on-prem environments, and OpenAI is now connecting Codex into that stack. Codex already has over 4 million weekly developers and is used for code review, test coverage, incident response, and reasoning across large codebases. The next phase is broader enterprise agents that can gather context, prepare reports, route feedback, qualify leads, write follow-ups, and coordinate work across business systems.

11. $Macys(M.US)ETA is laying off 10% of it's staff. The layoffs are shaping up to be an AI-driven reorganization. An internal document says Meta will conduct layoffs globally in three batches at 4 a.m. local time, with North America employees told to work from home Wednesday. Leaders are also expected to announce broader organizational changes. Meta plans to move 7,000 employees into new AI workflow initiatives while eliminating some managerial roles. Reuters previously reported the May 20 wave would impact about 10% of Meta’s workforce.

12. The SEC is reportedly considering an “innovation exemption” that could allow tokenized stocks to trade on DeFi platforms. Bloomberg Law says the agency may permit third-party stock tokens even without approval from the public companies they track, meaning platforms could create tokens tied to names like $Apple(AAPL.US), $Tesla(TSLA.US), or $Amazon(AMZN.US) without issuer involvement. These tokens may trade outside parts of the traditional equity-market structure and may not include normal shareholder rights like voting or dividends. Platforms like $Robinhood(HOOD.US) and $Coinbase(COIN.US) along with Blackrock's Larry Fink have called for the eventual tokenization of everything.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

TRUMP:

- DELAYING OUR ATTACK ON IRAN

- MIDDLE EASTERN OFFICIALS TOLD ME THAT NEGOTIATIONS ARE TAKING PLACE FOR A DEAL

markets trying to pump off this

Source: amit

$Micron Tech(MU.US)

$818 to $668

who’s buying the dip?

Source: amit

OPENAI WINS THE TRIAL AGAINST ELON MUSK.

- Musk argued that OpenAI “stole a charity” by converting into a for-profit company after he donated tens of millions to help launch it.

- OpenAI’s defense claimed Musk knew about and supported the for-profit plans early on, and only turned against the company after losing influence and later starting his competing AI company, xAI.

Looks like OpenAI just cleared one of their biggest hurdles to going public.

$Tesla(TSLA.US) $SpaceX(SPCX.US)

Source: amit

The Trump-Xi Summit honestly feels like they got nothing even remotely important accomplished.

- China will buy more Boeing Jets...okay, they do that every few years.

- China will buy more beef...thanks. Especially because they are just buying what they stopped buying a while ago.

- China will join the US to denounce North Korea being a nuclear powerhouse...lol, yes because China and the US both are going to try to seriously get NK to give up nukes. Makes sense.

The point of the summit, from my understanding, was for Trump to get Xi to convince Iran to stop the BS and sign a deal.

From all reports, Xi not only laughed at the US proposal, but he gave a counter proposal that Trump said hated, going as far to say that he "couldn't get through the first line of it."

In fact, the CCP only really wanted to talk about Taiwan, which obviously the US does NOT want to discuss.

Bond yields are *literally* exploding up, pacing their Feb 2025 highs because the escalation from Trump over the weekend and the lack of any progress with China makes the market think inflation will once again be the biggest issue this year as CPI and PPI are the hottest since 2022 and oil continues to be over $100.

Now, the market doesn't really care...because semiconductors continue to provide all the earnings growth...but I wonder if the market does start to care soon.

Just doesn't seem like we resolved anything with Iran in any meaningful way over the past week but hoping the ceasefire stays in place and military escalation isn't on the table.

Source: amit

Bill and Melinda Gates Foundation sold 100% of their Microsoft $Microsoft(MSFT.US) position…

The guy who created Microsoft just had his foundation dump the entire stake, 7.6M shares.

Either he thinks Microsoft is over or he completely hates valuations in tech right now 😂

Source: amit