$IREN 0.45 Noisy

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• @StockSavvyShay bullish 3480 eng

  THE FUTURE IS ON SALE RIGHT NOW Drawdown from highs: • $OKLO −76% • $NVTS −63% • $CRWV −60% • $ASTS −58% • $IONQ −57% • $PL −57% • $AAOI −56% • $RKLB −55% • $IREN −54% • $ONDS −53% • $TE −51% • $OUST −42% • $ARM −42% • $BE −39% • $NBIS −38%

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• @amitisinvesting neutral 3429 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. Google $GOOGL is developing a new AI chip that could run Gemini models 6x to 10x more efficiently than its latest TPUs, per The Information. The chip, internally called “Frozen v2,” would bake parts of Gemini’s architecture directly into silicon, reducing data movement and simplifying inference decisions. Google is targeting deployment as early as 2028 to help ease its AI compute shortage, though the design would trade flexibility for major gains in speed and power efficiency. 2. Microsoft $MSFT is expanding its partnership with AMD $AMD and will deploy AMD’s Helios rack-scale systems on Azure for frontier AI inference. The platform combines MI455X GPUs, Venice CPUs, Pensando networking, and ROCm software, with shipments to Microsoft beginning in the second half of 2026. Azure will also add new AMD-powered virtual machines for agentic AI, data pipelines, and semiconductor design, marking a broader adoption of AMD’s full AI infrastructure stack. 3. AUM in U.S. leveraged semiconductor ETFs has fallen $63B from the June peak to $100B, the lowest level since late April. That marks a 39% decline, the largest drawdown since April 2025, when assets more than halved from their August high. The semiconductor unwind accounts for 63% of the broader $100B drop in AUM across all U.S. leveraged ETFs over the same period. The selloff follows a massive ramp, with assets in these funds nearly tripling between late March and the June peak. Even after the pullback, leveraged semiconductor ETF assets are still up 400% from January 2023 levels. 4. Archer $ACHR and Anduril unveiled Thunder, an autonomous attack VTOL aircraft, with first flight planned for 2027. The runway-independent hybrid-electric aircraft is designed to operate autonomously alongside crewed attack and assault aircraft. The dual-use platform features tiltrotors and modular payloads for both defense and commercial missions. Full-scale surrogate flights have already been completed, and Archer plans to announce its first commercial customers later this week. 5. Chinese AI models are taking record share among U.S. firms on OpenRouter. The proportion of tokens used by American companies running through Chinese models has climbed to roughly 58%, a record high. OpenRouter lets developers access and compare models from multiple providers, making it a useful real-world signal of AI model adoption. Chinese model usage has tripled since mid-January, overtaking U.S. peers on the platform for the first time in March and briefly hitting 63% in early July. At the start of 2025, Chinese models were under 10% of usage, while U.S. models were around 80%. DeepSeek has become the most popular choice among American firms in recent months. 6. The top 10 most active options today by contracts traded were $NVDA with 3.1M contracts, $TSLA with 2.4M contracts, $AAPL with 1.8M contracts, $MU with 951K contracts, $MSFT with 884K contracts, $AMZN with 691K contracts, $INTC with 640K contracts, $SPCX with 606K contracts, $AMD with 506K contracts, and $GOOGL with 492K contracts. 7. BofA reiterated its Buy rating on CoreWeave $CRWV with a $140 price target. Analyst Tal Liani raised FY26 capex estimates to $34B from $29B, saying capex remains a key indicator of buildout progress and hardware pricing. BofA expects Q2 operating margin of 2.4%, slightly below the Street at 2.8%, but sees margins improving through the rest of the year as active power drives revenue recognition. By Q4, BofA expects operating margin to reach 14.6%, up from 1.0% in Q1, showing strong operating leverage. The firm also pushed back on competition concerns from SpaceX and Meta, arguing AI compute demand still far exceeds supply, making access to capacity the real bottleneck rather than provider choice. 8. IREN $IREN raised its 2026 AI Cloud ARR target to over $4B, up from its prior target of $3.7B. The company announced new AI cloud contracts representing $2.8B in total contract value, with approximately 85% of the updated ARR target now under contract. Goldman Sachs estimates the newly announced contracts represent an additional roughly $1B in contracted revenue with an average term of around 3 years. IREN also said recent agreements include customer prepayments covering about 45% of GPU capex, with customer contracts having a weighted average term of approximately 4 years. 9. UBS says Micron $MU could repurchase more than 40% of its shares by the end of 2028. The firm expects Micron to generate over $40B in free cash flow through 2028, and once its buyback restriction expires on December 9, 2026, UBS says the company could potentially use that cash to buy back more than 40% of its shares at the current price. Morgan Stanley said that memory stocks are trading at attractive prices but their best risk to reward names in the semi space are $NVDA Nvidia and $AVGO Broadcom. 10. Bloom Energy $BE shares are trading lower after New Mexico regulators rejected permits for a gas pipeline planned to supply Oracle’s Project Jupiter data center for the second time. The decision could delay the campus, which is expected to use up to 2.5GW of Bloom Energy’s gas-powered fuel cells. Energy Transfer may now pursue an alternative pipeline route. 11. Intel $INTC plans additional layoffs in its data center group as part of a broader effort to become a more focused and efficient company, CNBC reports. Intel said the unit is realigning roles and skills for long-term success, though the number of affected employees was not disclosed. 12. Trump signed three proclamations under Section 338 of the Tariff Act of 1930 imposing additional 50% tariffs on certain Canadian goods in response to what the White House calls Canada’s discriminatory treatment of U.S. products. The tariffs cover different categories of Canadian imports, including products ranging from wine to hockey sticks to cement, and apply even if goods originate under USMCA. Exemptions include energy, potash, goods already subject to Section 232 tariffs, fish, critical minerals, and certain other products. The tariffs take effect 30 days after signing. WALL STREET IS THE GREATST SHOW ON EARTH,

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• @StockSavvyShay neutral 3410 eng

  UPDATED FIB LEVELS FOR POPULAR STOCKS AI Utilities • $IREN $51 • $NBIS $177 • $CIFR $17 • $CRWV $100 AI Power • $EOSE $7 • $BE $237 • $NVTS $22 • $VRT $282 AI Hardware • $NVDA $192 • $TSM $408 • $ASML $1,618 • $MU $730 AI Applications • $PLTR $129 • $NOW $109 • $CRWD $598 • $SNOW $181 AI Connectivity • $AVGO $377 • $ALAB $305 • $CRDO $195 • $MRVL $236 Space • $RKLB $106 • $ASTS $89 • $PL $31 • $BKSY $32 Quantum • $IONQ $52 • $RGTI $15 • $QBTS $20 • $INFQ $13 Drones • $ONDS $10 • $AVAV $175 • $KTOS $52 • $UMAC $24 Nuclear • $OKLO $50 • $UUUU $12 • $GEV $906 • $LEU $151 Photonics • $AAOI $164 • $LITE $698 • $COHR $283 • $AEHR $76 CPU Bottleneck • $AMD $383 • $INTC $91 • $ARM $299 • $AMKR $57 Physical AI • $TSLA $382 • $AMZN $230 • $GOOGL $357 • $ISRG $394

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• @amitisinvesting neutral 2740 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. Citadel bought the bulk of Situational Awareness’ public-equities portfolio after the firm’s assets reportedly fell from $45B to around $10B, with the fund said to have been running roughly 4x leverage. Goldman was involved in the sale talks, while Millennium also submitted a bid. The context is brutal: Citadel itself helped fuel surprise rate-hike fears into FOMC, the market then sold off aggressively, and high-beta semiconductor names saw extreme drawdowns that compounded pressure across the space. With Situational Awareness heavily levered into that unwind, margin pressure appears to have forced the fund to unload public assets at distressed levels. Citadel then stepped in as the buyer, effectively taking the other side of the liquidation after helping spark the narrative that contributed to the selloff. The private Anthropic stake remains, and Situational Awareness will continue operating as a private investment firm with a reported $5B stake in Anthropic. Semis rebounded and had their best day in a year as the market may have interpreted the liquidation as a bottoming event to the structural deleveraging that took place. 2. Amazon $AMZN reported a strong Q2’26, with revenue up 20% YoY to $200.6B vs $196.47B expected and operating income up 43% YoY to $27.5B vs $23.53B expected. AWS revenue grew 37% YoY to $42.2B vs $40.5B expected, with AWS operating margin reaching 39.4% vs 33.8% expected. North America revenue came in at $116.2B, while International revenue rose 15% YoY to $42.2B. EPS was $5.75, helped by a $53.4B non-operating gain primarily tied to Amazon’s Anthropic investment. Q3 revenue guidance of $197B–$202B came in below the $204.07B estimate, while operating income guidance of $22.5B–$26.5B was roughly in line. Management said AWS posted its fastest growth in 18 quarters, with both AI and chips surpassing $25B run rates, while advertising grew 26% YoY. 3. Apple $AAPL reported Q3’26 revenue of $109.42B vs $108.85B expected, up 16.4% YoY, with EPS of $2.02 vs $1.89 expected, up 28.7% YoY. iPhone revenue grew 21.7% YoY to $54.25B, Mac revenue jumped 28.7% YoY to $10.35B, and Products revenue rose 18.1% YoY to $78.68B. Services missed estimates at $30.74B, while Greater China also came in below expectations at $18.82B, though still up 22.4% YoY. Operating income beat at $35.7B, net income reached $29.79B, and 9-month operating cash flow rose 43.1% YoY to $117B. Apple also declared a $0.27/share dividend and said its active device installed base hit a new all-time high across all major product categories and regions. 4. Tesla $TSLA is reportedly considering a separation of its China business ahead of a potential SpaceX $SPCX deal, per WSJ. Advisers have discussed options including a spinoff, sale, or closure, while executives have been told to prepare for a possible split, though plans remain early and could change. A standalone China unit would create a regulatory firewall between Tesla and SpaceX, a major U.S. defense contractor, helping address concerns around Chinese customer data, dual-use technology, and Beijing oversight. China represented about 18% of Tesla’s sales in the first half of 2026 and includes two major Shanghai factories, while SpaceX generated 20.9% of its 2025 business from the U.S. government. 5. The top 10 most active options today by contracts traded were $NVDA with 2.8M contracts, $MSFT with 1.9M contracts, $TSLA with 1.6M contracts, $AMZN with 1.2M contracts, $AAPL with 1.0M contracts, $META with 1.0M contracts, $MU with 984K contracts, $INTC with 753K contracts, $SPCX with 685K contracts, and $IREN with 569K contracts. 6. OpenAI reportedly cut prices for GPT-5.6, per Axios. Pricing for GPT-5.6 Luna was reduced by roughly 80% to $0.20 per million input tokens, while GPT-5.6 Terra pricing was cut by 20% to $2 per million input tokens. 7. U.S. Q2 advance GDP came in at 1.5% vs 2.0% expected, while initial jobless claims were 197K vs 200K expected and continued claims came in at 1.782M vs 1.795M expected. Inflation was largely in line, with headline PCE at 3.7% YoY and -0.1% MoM, while core PCE came in at 3.3% YoY and 0.1% MoM vs 0.2% expected. Personal spending rose 0.3% MoM vs 0.4% expected, personal income increased 0.2% vs 0.3% expected, and real personal spending matched estimates at 0.4% MoM. 8. AUM in South Korea’s leveraged ETFs has fallen by $37B, or roughly 70%, from its all-time high just over 30 days ago, bringing total assets down to about $16B, the lowest since early April. The unwind follows a massive 500% surge since the start of 2026, with domestic-listed funds driving most of the decline and making up around 70% of total leveraged ETF assets. The collapse in leveraged products comes as Korea’s KOSPI rebounded nearly 15% alongside a broader rally in global chip stocks. 9. DeepSeek is reportedly targeting a 1GW AI data center buildout, with plans for a new campus in Ulanqab, Inner Mongolia, while also leasing additional capacity, per Bloomberg. At least part of the compute is expected to come online by late 2027 or early 2028, though it remains unclear which chips will power the project. The buildout would be larger than any AI facility currently operated by a Chinese company, but still below the 3GW and 5GW AI campuses being developed in the U.S. Chinese rival https://t.co/I2N30dKtXk is also pursuing a 1GW project using only domestically produced chips. 10. $GOOGL Google is backing Anthropic’s planned Texas AI campus, with Nexus Data Centers reportedly in advanced talks for $15B in financing led by Morgan Stanley, per WSJ. The project would include a 1.6GW data center campus and natural-gas power plant in Hubbard, Texas. Anthropic has signed four data-center leases and related power-purchase agreements, while Google would guarantee billions of dollars in lease and power obligations if Anthropic defaults and is expected to receive roughly a 20% equity stake in the project. The campus would run on Google TPUs co-designed with Broadcom, with the chips financed separately through a vendor-financing agreement between Anthropic and Broadcom. 11. The EU opened its AI gigafactory tender, with Brussels set to choose up to 7 projects backed by as much as €10B in EU and national funding and expected to draw at least €20B in private capital. Each facility would house at least 100,000 advanced AI chips, roughly 4x the scale of current EU AI factories, supporting frontier model training, fine-tuning, and inference while giving compute access to startups, industry, researchers, and public agencies. The projects are expected to more than double Europe’s existing 19-factory AI network, while also creating demand for European-designed AI processors and eventually supporting domestic chip manufacturing. Bids close November 12, with awards expected in July 2027. 12. Amazon $AMZN said it is raising 2026 cash CapEx to $220B, up from its prior estimate of about $200B, largely because higher memory costs are pushing infrastructure spend higher. The company said that even at this level, it still will not have enough capacity to satisfy all demand in 2026, and expects the same capacity constraint to continue into 2027. Amazon added that demand already visible for 2028 is “striking,” while emphasizing that it typically buys servers and networking equipment only a few months before deployment, giving it strong visibility before committing capital. Management said if the demand is not there, it will not spend on the equipment. I know I say it everyday, but today is one of those days that reminds you... WALL STREET IS THE GREATEST SHOW ON EARTH.

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• @amitisinvesting bullish 2687 eng

  Woah. Nvidia $NVDA just created a new line of business for themselves. So, all those neoclouds like $CRWV $NBIS $IREN $APLD $SPCX that have been getting deals with hyperscalers worth billions? It’s because demand for compute, according to Jensen, is growing at a level that is beyond imagination. So, companies need to secure more compute. But, many of these neoclouds are struggling to finance large GPU deployments, even after securing long-term compute demand. So…Nvidia is going to help them out and share in the upside. “This new model enables AI clouds to procure NVIDIA infrastructure for AI-native, enterprise and ISV customers through economic alignment with a revenue-sharing and credit-support model. Through the partnership, AI clouds will sell NVIDIA-powered cloud services, with NVIDIA earning both standard product revenue and a share of the cloud revenue on the supported capacity. This structure accelerates adoption of NVIDIA platforms among the high-growth, high-conviction AI native sector, and provides NVIDIA with a recurring, usage-linked earnings stream.” Looks like Nvidia is going to make sure the best neoclouds don’t fail and this also shifts from a one-time GPU sale to a recurring, usage-based revenue stream…which just creates many more longer-term monetization opportunities.

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• @StockSavvyShay bullish 2061 eng

  Leaked Anthropic docs reportedly point to a 1.4GW Australia capacity push worth ~$22B. $IREN is one of the few names with announced gigawatt-scale Australian ambitions, 800MW Bundey campus with its connection agreement already secured and a state government partnership. https://t.co/VZ1Ui8BC64

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• @amitisinvesting neutral 2010 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. Meta $META is reportedly developing a cloud business called Meta Compute to sell access to excess AI capacity, per Bloomberg. The company is considering offering AI model access hosted on Meta infrastructure, similar to AWS Bedrock, raw AI compute capacity closer to CoreWeave, and developer access to Meta’s data centers, chips, and models. The market was split on its views today of the situationL if Meta has enough excess compute to sell, it suggests parts of the market may not be as compute-constrained as believed, which could pressure neoclouds like $CRWV $NBIS $IREN and raise questions about future capex intensity for semis. All the neoclouds were down 7-10% today. However, if Meta realizes AI compute and cloud services can become a major business line, it may end up spending even more to compete with $AMZN, $MSFT, and $GOOGL, turning “idle compute” into the start of a much larger Meta Cloud buildout. $META was up 8% today. 2. Palantir CEO Alex Karp was on CNBC today and criticized frontier AI labs for overselling models, raising IP/trust concerns, and pushing costly token usage without enough real enterprise outcomes. His main argument came down to one point: critical infrastructure and enterprises cannot just plug in LLMs and hope they work. He argued that models need an application layer, Palantir’s ontology, to make AI safe, auditable, and operational. His broader message was that frontier labs are selling tokens, while Palantir is on the fontlines working with businesses to implement AI in a way that transforms their enterprise vs trying to increase token spend. 3. Micron $MU is committing $250M to Trump Accounts as America marks its 250th year, aiming to give 1M American children a financial head start. For U.S. employees, Micron will match up to $1,000 per child, while children in its communities across seven states will receive $250 seed contributions. The initiative comes alongside Micron’s more than $200B U.S. manufacturing investment, expected to create 90,000+ jobs. Micron also expanded its strategic partnership with General Motors $GM, giving GM long-term supply of LPDRAM, NOR, and UFS NAND for AI-enabled in-cabin experiences and advanced driver assistance systems. The agreement is backed by Micron’s $2B modernization of its Manassas, Virginia fab, which began production this year. 4. Robinhood $HOOD announced a massive slate of product updates at its World Is Flat event: 1M+ funded customers outside the U.S., Robinhood Crypto launching in the UK and Canada, a license to expand brokerage services in Singapore, maker orders for U.S. crypto customers, Agentic Trading for crypto, and the launch of Robinhood Chain with AI-native token swaps, liquidity pool discovery, and support for tokenized real-world assets. Robinhood is also rolling out EU perpetual futures for commodities, ETFs, and FX with up to 10x leverage, Robinhood Cortex for Gold subscribers, and Robinhood Earn, allowing eligible U.S. customers to lend USDG onchain through self-custody and target an estimated 7% APY. 5. The top 10 most active options today by contracts traded were $TSLA with 3.1M contracts, $NVDA with 2.9M contracts, $META with 1.5M contracts, $AAPL with 1.2M contracts, $MSFT with 1.1M contracts, $MU with 899K contracts, $AMZN with 897K contracts, $PLTR with 860K contracts, $SPCX with 828K contracts, and $INTC with 679K contracts. 6. Nasdaq $NDAQ said companies listing on its exchange raised $129.3B in the first half of 2026, marking the strongest first half for listings in U.S. exchange history. 7. Japanese retail investors are ramping up leveraged stock bets as risk appetite heats up globally. Margin buying on the Tokyo Stock Exchange has climbed to about $40B, with levels recently hitting the highest since 1994. Japan’s margin ratio has risen to 6–8, well above the 10-year average of around 4, while individual names like Kioxia and Fujikura are showing extreme leverage. The trend mirrors rising margin debt across the U.S., Taiwan, South Korea, and Japan, raising concerns that stretched positioning could amplify volatility if markets reverse. 8. U.S. employers announced 45,849 job cuts in June, down 53% from May and the lowest monthly total since December 2025, per Challenger. AI was the top cited layoff reason for the fourth straight month, tied to 14K cuts in June and 101,743 cuts YTD. Hiring plans were up 10% in the first half of the year, though June hiring plans fell 44% from May. 9. Retail investors accounted for just 6% of total Magnificent 7 $META $GOOGL $AAPL $AMZN $MSFT $TSLA $NVDA trading volume over the five trading days ending Friday, the lowest level in 4 years. Retail participation was lower than on roughly 85% of trading days since 2022, a sharp reversal from periods in 2023 and 2024 when retail made up more than 20% of Mag 7 volume and stayed above 15% for much of 2025. The 5-day average of retail Mag 7 trading volume has fallen to about 25M shares, the lowest in at least 18 months and down 79% from the April 2025 peak of roughly 120M shares. 10. BYD is on track to retake the global fully electric vehicle sales lead from Tesla $TSLA in Q2. BYD delivered 557,090 BEVs during the quarter, while Tesla is expected to report around 396,500 deliveries next week. BYD’s June sales across all vehicle types rose 5.5% to 403,472 units, with overseas markets accounting for 43% of sales. Tesla Korea also raised Model 3 and Model Y prices by up to $4,500 one day after passing the government’s EV subsidy evaluation. 11. Wells Fargo says it is bullish into Q3 and expects a strong summer rally before potential midterm-driven volatility in September. The firm says positioning has reset, early July seasonality turns positive, earnings season should be strong, tariff refunds could support profits, AI infrastructure dips remain buyable, and “Trump Accounts” could add up to $20B of price-insensitive inflows in Q3. Its 8 tactical ideas include $AEIS for AI infrastructure and data center growth, $ARGX for its Vyvgart Phase 3 myositis readout, $CMI for prime power demand and EPA 2027 upside, $KDP for improving beverage trends, $MSCI for data and quant investing demand, $PANW for cybersecurity consolidation and AI exposure, $PLNT for better comps, and $URI for rental rate inflection and non-res construction recovery. 12. Global gold-backed ETFs saw 38.3 tonnes of outflows last week, the largest weekly decline since September 2022. In dollar terms, withdrawals hit a record $4.7B, led by North America at 23.6 tonnes, followed by Asia and Europe. The largest U.S. gold ETF, $GLD, saw $2B in outflows alone, bringing June withdrawals to $3.2B and putting it on pace for its second-worst month since February 2021. WALL STREET IS THE GREATEST SHOW ON EARTH.

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• @amitisinvesting neutral 1714 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. $BTC Bitcoin’s selloff is worsening, with the price falling below $63,000 for the first time since February 24. The move has triggered a wave of forced selling across crypto markets, with more than $1.1 billion in leveraged crypto positions liquidated over the past 24 hours. 2. $AVGO reported strong Q2’26 results, with revenue of $22.19B, slightly above estimates, up 48% YoY, and adjusted EPS of $2.44, beating expectations and rising 54% YoY. Semiconductor Solutions revenue came in at $15.0B, up 79% YoY, while AI semiconductor revenue surged 143% YoY to $10.8B, though it came in below buyside expectations. For Q3, Broadcom guided revenue to roughly $29.4B, ahead of consensus but slightly below buyside expectations, with AI semiconductor revenue expected to reach about $16B. The company also delivered $10.26B in free cash flow, equal to 46% of revenue, and said growth is being driven by accelerating AI demand, custom AI accelerators, AI networking, and strong operating leverage. 3. $META is reportedly considering charging up to $199.99/month for Hatch, its planned consumer AI agent, according to The Information. Hatch is described as a consumer version of OpenClaw that lets users create software tools and automate tasks with plain-language prompts, including scheduling events, sending emails, building simple apps, and generating travel itineraries. Meta is also considering a premium Hatch Plus tier that would offer 5–10x more daily usage capacity than the free version. During development, Hatch has used Anthropic’s Claude models, but it is expected to run on Meta’s Muse Spark model at launch. 4. The top 10 most active options today by contracts traded were $NVDA with 3.4M contracts, $TSLA with 3.4M contracts, $AAPL with 1.3M contracts, $AMZN with 1.1M contracts, $MSFT with 958K contracts, $META with 916K contracts, $NOK with 749K contracts, $INTC with 730K contracts, $GOOGL with 708K contracts, and $PLTR with 622K contracts. Nvidia and Tesla once again dominated options activity, each trading more than 3.4M contracts, while Apple and Amazon also saw elevated volume above 1M contracts. 5. $IREN signed a transmission connection agreement for an 800MW data center campus in Bundey, South Australia. The site includes four 330kV feeder exits, allowing it to support up to 800MW without requiring network upgrades, with energization expected to begin in 2028. The project marks IREN’s first announced Australian data center campus and would provide submarine fiber connectivity to key APAC markets, including Singapore, Indonesia, South Korea, and Japan. 6. $AAPL Apple's smart glasses roadmap has reportedly changed, according to supply chain analyst Ming-Chi Kuo. Apple’s display-equipped AR/XR glasses, which are expected to use optical waveguide technology, have reportedly been pushed back to 2029. Meanwhile, Apple’s display-less AI glasses, similar to Ray-Ban Meta, are still expected to ship in 2027. Kuo also says Apple is shifting resources away from the Vision Pro line and toward smart glasses that may have broader mass-market appeal. 7. $GOOGL plans to use roughly $30B of its $80B equity raise to cover tax obligations tied to employee equity awards, according to The Information. That would represent nearly 40% of the total raise, roughly double last year’s amount, and about 14% of expected operating cash flow. 8. $CRWD reported solid Q1’27 results, with revenue of $1.39B, up 26% YoY, and adjusted EPS of $1.10, both slightly ahead of expectations. ARR reached $5.51B, up 24% YoY, while net new ARR grew 32% YoY to $255.8M. CrowdStrike also announced a 4-for-1 stock split, with the record date set for June 25, 2026 and split-adjusted trading expected to begin on July 2, 2026. For the full year, the company guided revenue to $5.915B–$5.959B, ARR to roughly $6.53B–$6.56B, and adjusted EPS to $4.88–$4.96, while raising its net new ARR growth outlook to 27.7% at the midpoint. Management said CrowdStrike is becoming critical AI security infrastructure, highlighting record Q1 net new ARR, strong module adoption, and its AI-driven security products as signs of an AI inflection point. 9. SpaceX $SPCX is reportedly planning to price its IPO at $135 per share, with plans to sell 555.6 million shares and raise roughly $75 billion. At that price, the company would be valued at nearly $1.75 trillion, making it one of the largest IPOs in history. 10. US data center construction spending surged 28% YoY in April to a record annualized rate of $50.7B, surpassing public transportation construction spending of $49.9B for the first time in history. Since 2022, data center construction spending has exploded 357%, compared with just 16% growth in government transportation spending. As a result, data centers now represent 2.3% of all US construction spending, highlighting how AI infrastructure demand is reshaping the construction economy. 11. Ray Dalio says AI has the ingredients of a classic technology bubble, arguing that major technological shifts often create bubbles because it is impossible for investors and companies to perfectly predict the winners. He said companies face a difficult choice: spend aggressively to capture market share, or risk underspending and falling behind. Dalio added that bubbles eventually “prick” when investors or companies need to sell wealth/assets to raise cash, turning enthusiasm into forced selling pressure. 12. The S&P 500 closed the day red for the first time in 9 trading days. The last time the S&P $SPY closed green for 10 days in a row was 1995. WALL STREET IS THE GREATEST SHOW ON EARTH.

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