amit
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 moveit’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 gameSource: amit
$NVIDIA(NVDA.US)
NVIDIA PRICE TARGETS ACROSS THE STREET FOLLOWING Q1 EARNINGS:Baird $300 —> $500Evercore ISI $352 —> $413Melius $380 —> $400BofA Securities $320 —> $350Benchmark $250 —> $335Raymond James $323 —> $330Wedbush $300 —> $330Bernstein $300 —> $315KeyBanc $300 —> $310Truist Securities $287 —> $307Jefferies $275 —> $300Mizuho $275 —> $300Fubon Securities $270 —> $300Morgan Stanley $285 —> $288Goldman Sachs $250 —> $285Source: 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 growstock slightly down to flat, no major reactionseems like the street liked it but just wasn’t blown awayreaccelerating 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 wellthe market always usually gets scared before they crush, but then the market usually dumps after they crushmaybe 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 beSource: 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 carelast 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 downbut 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 oilstill not extreme greed yet eitherSource: 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 DEALmarkets trying to pump off thisSource: amit
$Micron Tech(MU.US)
$818 to $668who’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
BERKSHIRE HATHAWAY OPENS NEW POSITIONS IN $Delta Air Lines(DAL.US) DELTA AIRLINES AND $Macys(M.US) MACYS.
They added very heavily to their $Alphabet(GOOGL.US) position as well by increasing it by 200%.Some pretty incredible moves being disclosed...looks like Berkshire thinks the consumer story around retail is overblown and that oil prices will come down to help airlines...also seems like they are doubling down on their Google position.Source: amit
STANLEY DRUCKENMILLER SELLS $Alphabet(GOOGL.US) AND BUYS $Sandisk(SNDK.US) SANDISK IN RECENT 13F FILING
Well, looks like even some of the big guys are ditching their Mag 7s for the AI infrastructure plays…Source: amit
SPACEX UPDATES:
- Ticker will be $SpaceX(SPCX.US)- IPO coming likely June 12th- Company is focused on expanding retail coverage to international brokerages, not just US based ones- Looking to raise $80B at around a $2T valuationAre you a buyer?I think many other names will be proxies and we are already seeing this with momentum in names like $Rocket Lab(RKLB.US).It’s going to be a historic IPO, question will be where the liquidity comes for it…Source: amit
So Ackman buys Microsoft…
I know the picks and shovels plays of the AI buildout are getting all the attention, but it does feel like you could open a brokerage account…Buy $Meta Platforms(META.US) and $Microsoft(MSFT.US)…And just not look at it for the next few years and be fine. These companies are trading at historic discounts due to “Meta cannot do anything other than Ads” and “Microsoft is a software play so software should go down.”They will not provide the same short term alpha but these are two of the greatest companies on the planet…doesn’t feel that scary taking a shot on them here.Source: amit
A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.
Here's a full recap:1. $Cerebras(CBRS.US) Cerebras opened about 75% above its expected IPO price of $185, giving the AI chip company a roughly $100B market cap despite generating $585M in revenue last year. Ark Invest also bought 105,616 shares just one day after the IPO, adding more attention to the name. The momentum is set to continue with LeverageShares launching a 2x leveraged Cerebras ETF tomorrow morning.2. President Trump submitted his latest stock purchase and sale disclosures to the White House Office of Ethics, with the filing reportedly spanning more than 100 pages and including thousands of trades. The disclosure is notable because it shows a sitting president actively trading individual securities rather than only holding assets like corporate debt, index funds, or Treasuries. Some of the names listed as purchases include $Palantir Tech(PLTR.US), $Robinhood(HOOD.US), $NVIDIA(NVDA.US), $SoFi Tech(SOFI.US), $Microsoft(MSFT.US), $Apple(AAPL.US), $Disney(DIS.US), $Visa(V.US), $Ulta Beauty(ULTA.US), $JPMorgan Chase(JPM.US), $Coinbase(COIN.US), $LYFT(LYFT.US), $Amazon(AMZN.US), and $Rocket Lab(RKLB.US).3. The U.S. has approved around 10 Chinese companies to purchase Nvidia’s $NVIDIA(NVDA.US) H200, the company’s second-most powerful AI chip. Nvidia hit an all time high at $240 today. 4.Figure AI has been livestreaming its humanoid robots performing real warehouse-style package sorting tasks using its Helix-02 AI system. The robots pick up, scan, rotate, and place packages onto conveyor belts autonomously while operating for extremely long periods, including a reported 24/7 run after initially targeting an 8-hour shift. The livestream is meant to prove that humanoid robots can handle repetitive labor reliably and economically, rather than just perform flashy demos. Many viewers see it as one of the first convincing demonstrations of commercially viable humanoid labor, especially for warehouses and logistics. The robot has so far dealt with 34K packages live and has reached parity with a human worker that can do 3 every second. 5. The most traded stocks in the options market today were $NVIDIA(NVDA.US) with 5.0M contracts, $Tesla(TSLA.US) with 2.5M, $Nokia Oyj(NOK.US) with 889K, $Ford Motor(F.US) with 860K, $Ondas(ONDS.US) with 849K, $Intel(INTC.US) with 814K, $Apple(AAPL.US) with 752K, $Microsoft(MSFT.US) with 736K, $Strategy(MSTR.US) with 670K, and $Micron Tech(MU.US) with 644K.6. Semiconductor leverage flows surged, with $Direxion Semicon Bull 3X(SOXL.US), the 3x long semiconductor ETF, taking in a record $1.03B on Tuesday. At the same time, $Direxion Semicon Bear 3X(SOXS.US), the 3x short semiconductor ETF, saw $230M of outflows, its largest daily withdrawal since late March. $Proshares UltraPro QQQ(TQQQ.US) also added $161M, its biggest inflow since March 31, but $Direxion Semicon Bull 3X(SOXL.US) inflows were more than 6x larger as traders concentrated bullish exposure in semiconductors. Since the March 30 bottom, $Direxion Semicon Bull 3X(SOXL.US) is up 354%, its strongest 31-day gain since launching in 2010, while the $SOX semiconductor index is up 68%, its third-best 31-day run on record. 7. Retail investors are buying stocks at one of the fastest paces in years. Year-to-date retail equity inflows are ahead of every comparable period over the last seven years except 2021, and after slowing briefly in March, retail buying jumped sharply in April. The week ending May 1 ranked in the top 2% of weekly retail inflows since 2019, and at the current pace, individual investor purchases could surpass the 2021 record as soon as July. Retail options activity is also elevated, with average daily volume now at 1.57x January 2024 levels, the highest since the October 2025 peak. 8. SpaceX could release its IPO prospectus as soon as next week, according to CNBC, after confidentially filing in April. The company’s roadshow is expected to start June 8, with SpaceX reportedly targeting one of the largest public offerings ever following its merger with xAI at a combined $1.25T valuation. The IPO could raise around $70B-$75B, which would be more than twice the size of Saudi Aramco’s record 2019 listing.9. AI data center demand is putting pressure on power costs across PJM, the largest U.S. grid, which serves 67M people across 13 states and Washington, D.C. Wholesale power prices averaged $136.53/MWh in Q1 2026, up 75.5% from $77.78/MWh a year ago. Capacity costs rose 398.1% year-over-year, while congestion costs increased 300.4% to $2B. 10. Tech layoffs have now passed 100,000 in 2026, with TNW reporting cuts across roughly 250 events this year. LinkedIn is reducing headcount by about 5% despite 12% revenue growth, while Cloudflare is cutting more than 1,100 roles, or about 20% of its workforce. AI is becoming a major driver of the reset, with Challenger citing it as the top reason for job cuts in both March and April and linking AI to 49,135 announced layoffs so far this year.11. President Trump said President Xi told him China will not supply military equipment to Iran and supports a peace agreement. Trump also said Xi offered to help mediate the situation and work toward reopening the Strait of Hormuz, a critical shipping route for global oil flows.12. The CLARITY Act advanced out of the Senate Banking Committee today in a 15-9 bipartisan vote. The bill would create clearer federal rules for crypto, including when tokens are treated as securities versus commodities. Crypto stocks rallied on the news, including Coinbase, as investors viewed it as a major step toward regulatory certainty. The bill still is not law and needs full Senate approval, House reconciliation, and final passage. The main fights now are over stablecoin rewards, anti-money-laundering rules, and ethics concerns tied to political figures profiting from crypto. $Grayscale Bitcoin Mini Trust ETF(BTC.US) Bitcoin passed $81,000.WALL STREET IS THE GREATEST SHOW ON EARTH.Source: amit
$CRBS OPENS UP 75%
The expected price was supposed to be $185.The company did $585M in revenue last year and now trades at a $100B marketcap.Are you buying?Source: amit
PRESIDENT TRUMP JUST SUBMITTED HIS STOCK PURCHASES/SALES TO THE WHITE HOUSE OFFICE OF ETHICS.
The document is over 100 pages and has thousands of trades.This is one of the first times we've seen a sitting President actively trade securities and not just sit in corporate debt, index funds, or treasuries.Here are some of the names that Trump bought:$Palantir Tech(PLTR.US), $Robinhood(HOOD.US), $NVIDIA(NVDA.US), $SoFi Tech(SOFI.US), $Microsoft(MSFT.US), $Apple(AAPL.US), $Disney(DIS.US), $Visa(V.US), $Ulta Beauty(ULTA.US), $JPMorgan Chase(JPM.US), $Coinbase(COIN.US), $LYFT(LYFT.US), $Amazon(AMZN.US).Source: amit
A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.
Here's a full recap:1. $NVIDIA(NVDA.US) Nvidia CEO Jensen Huang joined President Trump’s China trip after receiving a last-minute invitation, increasing attention on the stalled H200 chip sales to China. Reuters reported that Trump called Huang after seeing reports that he had not been invited, and Huang later boarded Air Force One in Alaska. Nvidia hit an all time high today. 2. $Nebius(NBIS.US) Nebius reported Q1 revenue of $399M, ahead of the $388.6M estimate and up 684% year-over-year. Adjusted EBITDA came in at $129.5M, beating expectations of $90.5M, while ARR reached $1.92B, up 674% year-over-year and 54% quarter-over-quarter. For 2026, the company reaffirmed its target for year-end ARR of roughly $7B-$9B and raised its contracted power capacity outlook from more than 3GW to more than 4GW.3. April PPI came in much hotter than expected, with headline producer prices rising 6% versus estimates of 4.9%. Core PPI also beat expectations, increasing 5.2% compared to the 4.3% forecast. This marks the highest producer inflation reading since March 2022.4. Consumer credit stress is rising across major debt categories. In the U.S., 13.1% of credit card balances are now 90+ days delinquent, the highest level since 2011. Student loan delinquencies have climbed to 10.3%, the highest since 2020, while auto loan delinquencies reached 5.6%, the highest level on record.5. Kevin Warsh has been confirmed as the 17th Chair of the Federal Reserve, taking over at a time when inflation is rising again, Americans remain frustrated with the economy, and the Fed’s independence is facing intense political pressure. The Senate confirmed Warsh to a four-year term on Wednesday in a 54-45 vote, with unanimous Republican support and only one Democratic vote in favor, from Pennsylvania Senator John Fetterman.6. Bank of America raised its AI data center systems forecast to $1.7T by 2030, up from its prior estimate of $1.4T, implying a 45% compound annual growth rate. The firm now expects AI accelerators to represent roughly $1.2T of that market, with AI networking reaching $316B as custom chips like Google’s TPUs and Amazon’s Trainium continue to scale.7. $Ford Motor(F.US) Ford shares moved higher after Morgan Stanley said the company may announce energy storage supply agreements with large commercial customers, potentially including hyperscalers, within the next few months. Morgan Stanley estimates Ford Energy could be worth around $10B.8. $Robinhood(HOOD.US) Robinhood released its April 2026 monthly metrics, showing continued growth across the platform. Funded customers rose to 27.6M, up 1.65M year-over-year, total platform assets increased 49% to $345B, and April net deposits reached $6.0B, implying a 29% annual growth rate. Trading activity also remained strong, with equity trading volume up 57% year-over-year to $249B, while the margin book more than doubled from $8.4B a year ago to $18.0B, showing customers are borrowing more to invest. Crypto was the weaker area, with volumes down 33% from March and Bitstamp volumes falling 46% month-over-month.9. U.S. data center construction spending rose 34% year-over-year in March to a record annualized pace of $50B. Spending has now increased 437% since the start of 2021, when the annualized run rate was about $9B, and 688% since 2018, when it was roughly $6B. At the same time, office construction continues to weaken, falling 9% year-over-year to $46B, its lowest level since 2015.10. $Cisco(CSCO.US) Cisco reported Q3 revenue of $15.8B, above estimates of $15.54B and up 12% year-over-year. Adjusted EPS came in at $1.06 versus estimates of $1.04, up 10% year-over-year. Product orders rose 35%, networking product orders were up more than 50%, data center switching orders increased more than 40%, and campus networking orders rose more than 25%. Cisco also raised its FY26 AI infrastructure order outlook to $9B from $5B and lifted expected AI infrastructure revenue to $4B from $3B. 11. U.S. leveraged ETF assets have climbed to a record $177B, up $45B since the March market bottom. Tech remains the dominant category, representing about 69% of total leveraged ETF AUM. Within that, technology-focused funds hold $65B, semiconductor funds hold $32B, and Magnificent 7 funds hold $25B, while S&P 500-linked leveraged ETFs account for another $24B.12. Anduril raised $5B at a $60B valuation in the private markets. Anthropic raised $30B at a $900B valuation. The street now awaits Cerebras going public tomorrow, with estimates assuming a $40-$50B valuation and SpaceX this summer at $2T. WALL STREET IS THE GREATEST SHOW ON EARTH.Source: amit
KEVIN WARSH GETS APPROVED BY THE SENATE TO BE THE NEXT FED CHAIR.
He is entering into an economy with the highest oil prices since 2022, rising inflation, and a stock market that is running hot on what controls 50% of GDP growth — AI Capex. Let the games begin.Source: amit