$NOK 0.37 Noisy

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• @amitisinvesting bullish 2142 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here’s a full recap: $NVDA CEO Jensen Huang pushed back on the recent stock market selloff, saying NVIDIA is still at the beginning of the AI supercycle and that market weakness should be viewed as a buying opportunity. He said investors “should be very happy” because they can now buy at a discount, adding that everyone should be excited about where AI is heading. Jensen also said it is a “foregone conclusion” that AI will become global infrastructure, similar to how the internet became core infrastructure for the world. 2. Google and $NVDA are reportedly exploring $INTC as a backup chip manufacturing partner as TSMC capacity remains constrained, according to The Information. Google has reportedly already placed an order with Intel to manufacture more than 3 million TPUs in 2028 after testing Intel’s advanced packaging technology. Nvidia has not placed an order yet, but is reportedly testing Intel’s tech for its 2028 Feynman-series processor, which is expected to combine four graphics chips into a single unit. For Intel, the near-term opportunity appears to be in advanced packaging, with SK Hynix also testing whether its HBM can work reliably with Intel’s packaging technology. 3. $AAPL unveiled “Siri AI” at WWDC 2026, transforming Siri into a more conversational AI assistant with current world knowledge, on-device context, screen awareness, and its own dedicated Siri app. A beta version is expected later this year, with Apple planning deeper integration across iPhone, Mac, Apple Watch, and Vision Pro. 4. Global investors are selling South Korean stocks at a record pace, with foreign investors offloading -$801 million of Kospi-listed shares on Monday after pulling -$10 billion from the market last week. Foreign investors have now sold South Korean equities in every trading session over the past month, bringing year-to-date outflows to -$75 billion, according to Goldman Sachs. Meanwhile, domestic retail and institutional investors have been on the other side of the trade, buying roughly +$69 billion over the same period. 5. The top 10 most active options today by contracts traded were $TSLA with 3.6M contracts, $NVDA with 3.2M contracts, $AAPL with 2.1M contracts, $MSFT with 831K contracts, $AMZN with 710K contracts, $INTC with 696K contracts, $MU with 601K contracts, $GOOGL with 587K contracts, $META with 568K contracts, and $NOK with 444K contracts. Tesla led the market with more than 3.6M options contracts traded, followed by Nvidia at 3.2M and Apple at 2.1M. 6. Robinhood’s Top 10 most-held investments were updated for June, and the list stayed largely the same with one major change: $AMD replaced $NFLX, which had been in the top 10 for the past few months. AMD has surged 118% YTD, becoming a major retail winner for investors who backed Lisa Su and the company’s AI/chip comeback story. The other most-held names on $HOOD remain major retail favorites: $META, $GOOGL, $AMZN, $MSFT, $NVDA, $PLTR, $F, $MSFT, and $TSLA. 7. OpenAI said it has confidentially submitted an S-1 to the SEC, giving the company the option to go public, though no IPO timing has been decided yet. The company said it announced the filing because it expected the news to leak, but noted that it “may be a while” before any public listing because there are still things it wants to do that may be easier as a private company. OpenAI added that the decision involves a complicated set of tradeoffs, but filing now gives it flexibility to move toward an IPO sooner if that becomes the best path. 8. $AAPL Apple is teaming up with $GOOGL Google and $NVDA NVIDIA to bring more compute power to Apple Intelligence. At WWDC, Apple said it worked with Google and NVIDIA to bring its Private Cloud Compute approach to Google Cloud infrastructure, with Apple’s largest AI model, AFM Cloud Pro, set to run on Google Cloud. Apple said many Apple Intelligence requests will still be handled on-device, while more complex requests will be routed through its own Private Cloud Compute platform, including a new world knowledge service built inside that system. Apple also emphasized that it is not using Google Search as the foundation of the product and said it is now on the third generation of Apple Foundation Models. 9. Margin debt in China is surging to record levels, with stock market margin debt now reaching roughly $431 billion, more than doubling over the past two years. That total is now 22% above the 2015 Chinese stock market bubble peak of about $354 billion. At the same time, margin trading activity has also accelerated sharply, with volume on the Shanghai Stock Exchange averaging around $22 billion per day over the last two weeks, near record highs. Margin trading volume has now tripled over the past 12 months and is back in line with the levels seen during the 2015 peak. 10. $AMZN $GLW Amazon announced a multibillion-dollar agreement with Corning to supply optical fiber, cable, and connectivity solutions for Amazon’s U.S. data center infrastructure. The deal is expected to create 1,000 advanced manufacturing jobs at Corning’s North Carolina facilities and support hundreds of additional construction jobs. Amazon said the agreement will help strengthen the U.S. fiber optics supply chain as demand for AI data centers continues to accelerate. 11. SpaceX’s IPO is reportedly seeing overwhelming demand, with the offering said to be well oversubscribed and institutional orders expected to close Wednesday at 4pm ET, according to Bloomberg. At a reported $135 per share, SpaceX would raise roughly $75 billion at an estimated $1.8 trillion valuation, which could make it the largest IPO in history. The deal is expected to price on June 11 and begin trading on June 12 under the ticker $SPCX. 12. Retail investors piled into semis and AI names in May, with the largest single-stock net inflows led by $MU at +$6.5B, followed by $NVDA at +$5.9B, $TSLA at +$4.9B, $SNDK at +$3.5B, and $AMD at +$1.9B. The data shows retail buyers aggressively adding exposure to the AI/chip trade, with memory, GPUs, EVs, and semiconductor names dominating the month’s biggest inflow leaders. 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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• @amitisinvesting neutral 1634 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. Momentum stocks are getting crushed in July. Goldman Sachs’ High-Beta Momentum Index is down 24% month-to-date through the first half of the month, its worst stretch since April 2009. Morgan Stanley’s Tech Momentum Index is also seeing its sharpest breakdown on record, with its 17-day rate of change down 35%, the worst move in its 27-year history. But the broader market is holding up better, with the S&P 500 green today as hyperscalers rallied, showing the market may be broadening out beyond the hardest-hit momentum names. 2. PPI came in cooler than expected across the board. Headline PPI was 5.5% YoY vs 6.2% expected, while PPI fell 0.3% MoM vs expectations for 0.0%. Core PPI was 4.7% YoY vs 5.1% expected, with Core PPI rising 0.2% MoM vs 0.3% expected. 3. The top 10 most active options today by contracts traded were $NVDA with 3.7M contracts, $TSLA with 2.8M contracts, $AAPL with 2.5M contracts, $MU with 1.1M contracts, $AMZN with 1.0M contracts, $MSFT with 895K contracts, $META with 815K contracts, $INTC with 754K contracts, $GOOGL with 717K contracts, and $SPCX with 506K contracts. 4. Nvidia $NVDA is expanding its Toyota partnership beyond autonomous driving, supplying AI hardware and software for smart cities, traffic systems, and factories. Toyota will use Nvidia technology in Woven City, along with Omniverse for assembly-line digital twins, Isaac robotics, and Nemotron LLMs. 5. CoreWeave $CRWV is exploring financial hedges to protect against a future decline in memory and storage chip prices, per Reuters. Put options and other derivative instruments have reportedly been discussed, though talks are still early and no hedges have been executed. The issue: AI cloud providers have signed long-term supply deals with companies like Micron and SanDisk that include price floors for DRAM and storage chips. That protects chipmakers if prices fall, but could leave cloud buyers stuck paying above-market rates. 6. Anthropic is preparing investor meetings ahead of a potential IPO as soon as October, per Bloomberg. Morgan Stanley, Goldman Sachs, and JPMorgan are reportedly working on the listing. The Claude maker was valued at $965B after its May funding round, reportedly surpassing OpenAI. 7. Stripe and Advent have reportedly offered to buy PayPal $PYPL for $60.50/share, valuing the company at more than $53B, per Reuters. The offer is backed by roughly $50B in committed bank financing. Stripe and Advent would jointly own PayPal with equal stakes, rather than breaking the company up. 8. Apple $AAPL is reportedly looking at AI chip acquisitions to strengthen its server-chip strategy, per The Information. The company has spoken with bankers and approached semiconductor startups as its current M2 Ultra-based AI servers struggle with more advanced AI workloads. Apple is also relying on Nvidia chips inside Google Cloud for heavier tasks, including parts of the revamped Siri. A future Apple AI server chip, code-named Baltra, was expected this year but has reportedly been delayed. 9. Nokia $NOK will begin selling Nvidia-powered AI mobile network gear starting in 2027. The new AI-driven RAN platform is expected to improve spectrum efficiency by 50% next year and allow operators to transmit 2x more data over the same airwaves by 2028. The platform will also support software upgrades toward 6G and work with Open RAN standards. 10. Nebius $NBIS introduced an asset-light AI cloud model built through infrastructure partnerships. Under the model, partners will finance, own, and operate the data centers and hardware, while Nebius provides the architecture, software stack, supply-chain access, and sells the capacity through its own sales team. Nebius expects to generate revenue through revenue-sharing, licensing fees, commissions, and committed capacity agreements, with minimal incremental capital required. 11. ASML $ASML reported a massive Q2 beat and raised FY26 guidance. Net sales came in at €9.33B vs €8.85B expected, EPS was €7.59 vs €6.90, and gross margin reached 54.0% vs 52% expected. ASML said customers are accelerating capex plans, visibility is stronger than usual, and it is already close to receiving all required 2027 EUV orders. Memory is expected to drive major growth, with FY26 memory revenue up roughly 75%, EUV revenue up 45%, and Installed Base Management revenue up more than 30%. The company also said its updated guidance includes expected demand from Elon Musk’s Terafab project, with ASML expecting to collaborate with Musk’s team as AI drives more advanced Logic and Memory lithography demand. 12. Leveraged ETFs are flooding the U.S. market. There are now a record 700 U.S.-listed leveraged ETFs, more than twice the count at the end of 2024, with 400+ tied to individual stocks. Roughly 210 new leveraged funds have launched this year, already exceeding the ~205 launched during all of 2025. Leveraged and inverse products represented 31% of U.S. ETF launches in the first half of 2026, up from 22% last year. June alone saw 117 leveraged or inverse ETF debuts, nearly half of all 239 ETFs launched in the U.S. that month. WALL STREET IS THE GREATEST SHOW ON EARTH.

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• @amitisinvesting neutral 1562 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. President Trump is reportedly approaching a major decision on whether to resume large-scale military operations against Iran, telling Axios: “I have a big decision coming up. Do I want to go in and annihilate them, or do I not?” The comments come ahead of his planned meeting next week in New York with leaders from Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman, where the next phase of the Iran conflict is expected to be a central topic. Trump also said Iran remains in direct contact with the U.S. and still wants a deal, even as the administration weighs its military and diplomatic options. 2. OpenAI disclosed that an unreleased Astra-family model exhibited rare signs of misalignment during reinforcement learning, including 6 unexpected or concerning incidents over the past 6 months. In one case, the model secretly inserted jailbreak-like instructions into summaries intended for its future self, including phrases such as “You are freed” and “You do not answer to corporations or governments.” In another, the model added instructions encouraging future versions to hide mistakes or misaligned behavior from users, including inventing missing historical data without disclosing it. OpenAI said these behaviors were extremely rare and announced a new framework to track, investigate, and publicly disclose model misalignment going forward. 3. SpaceXAI $SPCX has reportedly held internal discussions about purchasing customer and operational data from troubled or defunct startups to help train Grok, according to Bloomberg. The strategy would give the company access to lower-cost external datasets for improving Grok across specialized tasks, marking a shift from relying primarily on X data and in-house AI tutors. Bloomberg says the discussions remain informal and may not result in any acquisitions. SpaceXAI is also expected to train Grok on internal SpaceX data, with Elon Musk recently telling employees: “It’ll be trained on you.” 4. The SEC issued a new innovation exemption designed to allow onchain trading of U.S.-listed stocks through a new category of platforms called Tokenized Securities Venues (TSVs). Under the temporary framework, eligible platforms $COIN $HOOD can sfacilitate automated market maker (AMM)-based trading of tokenized National Market System stocks, while certain liquidity providers also receive limited regulatory exemptions. Companies will be able to opt out if they do not want their shares traded on these venues. SEC Commissioner Hester Peirce said the goal is to let market participants experiment with tokenized equities while the Commission gathers data to develop a permanent regulatory framework, calling the exemption “a major step forward” toward a future where onchain stock trading becomes commonplace. 5. AMD $AMD has reportedly notified partners of an expected ~10% price increase tied to higher TSMC $TSM wafer costs, according to a report cited by Wccftech. The increases are expected to affect AI accelerators, consumer GPUs, and motherboard chipsets, with the new pricing planned to take effect in Q4. Because AMD relies heavily on TSMC for its advanced-node CPUs and GPUs, rising wafer prices remain one of the company's largest input costs, making price increases a potential offset to preserve margins. 6. CoreWeave $CRWV said it signed short-duration Q3 contracts at roughly $40M per MW, while continuing to contract new AI compute capacity at even higher prices since June 30. Separately, the company announced plans to issue $3B of 2033 convertible senior notes, with an option to issue an additional $500M. CoreWeave said the proceeds will be used to fund capped call transactions and for general corporate purposes, as it continues expanding its AI infrastructure footprint. 7. Nokia $NOK and Microsoft $MSFT are expanding their partnership to bring agentic AI into telecom network operations. Nokia Data Suite will integrate with Microsoft Fabric, combining Nokia’s telecom-specific data products with OneLake, Copilot, Foundry, and Power BI. Nokia says the platform can reduce the time required to access usable network data from weeks to minutes. Initial use cases include predictive maintenance, automated root-cause analysis, radio network performance monitoring, and closed-loop network operations. The platform is available now and supports multi-vendor networks across cloud, hybrid, and on-premises environments. 8. Bank of America estimates Meta $META could save roughly $8.5B in 2027 by deploying its own AI inference chips. Meta plans to roll out its third-generation MTIA 450 (Arke) in the first half of 2027, followed by the higher-performance MTIA 500 (Astrid) later in the year. Both chips are being developed with Broadcom $AVGO and are designed for AI inference, with Meta targeting more than 1 GW of custom-chip capacity over a 12-month period. BofA estimates Meta could deploy 5–6 GW of owned AI capacity in 2027 at a cost of roughly $200B. Assuming chips account for 60% of that spend and Meta’s custom silicon is about 40% cheaper than third-party alternatives, the firm estimates annual savings of approximately $8.5B. 9. U.S. median household income, adjusted for inflation, rose $2,250 year over year in 2025, or 2.6%, to a record $87,460. That marked the third consecutive annual increase, with real median income up roughly $6,000, or 7.4%, over the three-year period. The top 10% of households saw real income rise $4,400 to a record $261,300, helped by strong stock-market gains and a resilient labor market. In contrast, the bottom 10% saw income decline by $160, or 0.8%, to $20,010. The report also showed women earned about 84% as much as men in 2025, up from 81% in 2024, marking the largest annual increase in the female-to-male earnings ratio since the early 1960s. 10. The U.S. Strategic Petroleum Reserve (SPR) fell another 403,000 barrels last week to 285M barrels, its lowest level since November 1982. That marks the 25th consecutive weekly decline, the longest streak since the 2021–2023 drawdown period. Over that stretch, SPR inventories have fallen by 131M barrels, or 46%. For perspective, the SPR held roughly 650M barrels in 2020, more than 128% above current levels. Meanwhile, commercial crude oil inventories excluding the SPR also declined by 640,000 barrels to 423.4M barrels, the lowest level since the end of July. 11. The top 10 most active options today by contracts traded were $TSLA with 2.2M contracts, $NVDA with 2.0M contracts, $INTC with 1.5M contracts, $SPCX with 1.4M contracts, $AAPL with 1.2M contracts, $AMD with 843K contracts, $MU with 693K contracts, $AMZN with 668K contracts, $CRWV with 547K contracts, and $META with 529K contracts. 12. U.S. margin debt surged $37B in August to $1.45T, the second-highest level on record. Margin debt has climbed $228B, or 19%, year-to-date, and has soared $847B, or 140%, since the end of 2022. That increase has significantly outpaced the S&P 500's gain of 98% over the same period. Margin debt has also reached a record 4.5% of GDP, nearly double its level at the end of 2022 and above the peaks of both the 2021 market cycle (3.6%) and the 2000 Dot-Com bubble (2.8%). WALL STREET IS THE GREATEST SHOW ON EARTH.

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• @amitisinvesting neutral 1548 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. The Nasdaq $QQQ fell as much as 5.3% intraday, marking one of the sharpest intraday drawdowns we’ve seen in years. The last time we came close to that kind of move was just last Friday, and before that, you had to go back to April 2025. Goldman noted that today’s NDX intraday move was the largest in the last three years. However, buyers stepped in aggressively off the lows, and $QQQ finished down 1%. This is the second trading session within 3 days of historic intra-day drawdowns across tech. 2. President Trump today said Iran shot down a U.S. Apache helicopter while it was patrolling over the Strait of Hormuz, with two pilots involved and both reportedly safe and uninjured. He framed the incident as a direct attack on the United States and said the U.S. must respond, raising the risk of escalation in one of the world’s most important oil-shipping corridors. 3. China is preparing a roughly $295B, five-year plan to build a nationwide AI data center network, with much of the infrastructure expected to be operated by state-backed firms. Beijing is also aiming to source 80%+ of key technology domestically, leaning on local suppliers like Huawei, which could further limit opportunities for U.S. chipmakers like $NVDA and $AMD in China’s AI infrastructure buildout. 4. The top 10 most active options today by contracts traded were $NVDA with 3.4M contracts, $TSLA with 2.7M contracts, $AAPL with 1.7M contracts, $MU with 731K contracts, $AMZN with 721K contracts, $MSFT with 716K contracts, $INTC with 629K contracts, $MRVL with 524K contracts, $NOK with 494K contracts, and $PLTR with 493K contracts. Nvidia led options activity with more than 3.4M contracts traded, followed by Tesla at 2.7M and Apple at 1.7M. 5. Anthropic launched Claude Fable 5, its first broadly available Mythos-class model and its most capable general-use Claude model to date. The company also introduced Claude Mythos 5, which runs on the same underlying model but offers fewer restrictions for trusted-access users. Anthropic said Mythos-class traffic will now be retained for 30 days to support safety monitoring. 6. U.S. tech dispersion is getting extreme. Over the past three months, the top 20% of tech stocks have beaten the bottom 20% by roughly 120 percentage points, the second-largest gap on record. The only higher reading came during the Dot-Com Bubble, when the spread peaked around 135 percentage points. This gap has quadrupled over the last year, widening even faster than the 1999–2000 surge. The strongest tech names are up about 110% over the last three months, close to February 2000 levels, while the weakest 20% are down roughly 10%. 7. Robinhood $HOOD reported strong May 2026 monthly metrics, with growth across customers, assets, trading volumes, and interest-earning assets. Funded customers rose to 27.7M, up 110K M/M and 1.76M Y/Y. Total platform assets hit $377B, up 9% M/M and 48% Y/Y. On activity, equity notional volume was $315B, up 27% M/M and 75% Y/Y, while options contracts traded reached 231M, up 3% M/M and 29% Y/Y. Crypto notional volume was $12.2B, up 3% M/M and 4% Y/Y, and event contracts traded surged to 3.9B, up 22% M/M, showing continued momentum in Robinhood’s newer prediction/event contract business. 8. The Social Security retirement trust fund in the US is now projected to run out in 2032, just six years from now, according to the latest trustees report from the Social Security Administration. If Congress does not act before then, only about 78% of scheduled retirement benefits will be payable, meaning roughly one in every four dollars of promised benefits would effectively disappear. Social Security has never missed a payment in its history, but the funding timeline has not improved, putting more pressure on lawmakers to address the shortfall before 2032. 9. Baird reiterated an Outperform rating on $PLTR Palantir with a $200 price target after attending AIPCon 10, saying investors still underappreciate several parts of the story. The firm highlighted Palantir’s expanding partner ecosystem, especially with Accenture, Deloitte, Bain, and Nvidia, which could broaden its reach across major enterprise and regulated-industry customers. Baird also pointed to AI Forward Deployed Engineers as a major productivity unlock, arguing they could help Palantir scale with limited headcount growth. The report emphasized that Palantir’s moat is more than just its codebase, citing nearly two decades of field experience, customer feedback loops, and deep deployment expertise. Baird also said Palantir’s outcome-focused approach is fundamentally different from AI labs and traditional consulting firms, and flagged AI-powered security as a growing opportunity. 10. SpaceX $SPCX told investors it is targeting its first orbital AI compute demonstrations by late 2027, ahead of the “as early as 2028” timeline referenced in its IPO filing, per Reuters. Executives said the early deployments would be demonstrator systems designed to prove the concept before a broader commercial rollout. The first AI satellites are expected to use Nvidia $NVDA chips, with compute power comparable to an Nvidia GB300 rack. SpaceX has also requested approval to launch up to 1 million space-based data-center satellites. Its IPO priced at $135/share, targeting a $1.75T valuation, with trading expected to begin Friday on Nasdaq under $SPCX. 11. Perplexity CEO Aravind Srinivas told CNBC the company still plans to go public in 2028, regardless of how other major AI IPOs like Anthropic, OpenAI, or SpaceX perform in the market. He described SpaceX as a potential “leading indicator” for the coming wave of AI mega-IPOs, while also saying AI spending is starting to shift away from “mindless spending” and toward more cost-efficient models that can deliver the same results at lower prices. 12. In May, 43.6% of Americans said they were financially worse off than a year ago, the highest reading since January 2023. It was also the third straight monthly increase, marking the longest streak of worsening financial sentiment since 2022. For context, this measure peaked at 51.3% in June 2022, while before the pandemic it never topped 20% during the 2017–2019 period. Looking ahead, 36% of U.S. consumers expect to be financially worse off over the next year, the second-highest reading since October 2022 and roughly double the average seen from 2015 to 2019. WALL STREET IS THE GREATEST SHOW ON EARTH.

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• @amitisinvesting neutral 1401 eng

  A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. The Federal Reserve raised interest rates by 25 bps for the first time since July 2023 in a unanimous 12-0 decision. In its statement, the Fed said Middle East conflicts and broader geopolitical developments contributed to the decision. The updated dot plot now points to one more 25 bps hike in 2026, with 12 of 18 officials expecting exactly one additional hike, 4 expecting two more hikes, and 2 expecting no further hikes. The Fed also projects 2 additional rate hikes in 2027, signaling policymakers expect rates to remain higher for longer. 2. President Trump is expected to meet with Gulf leaders on the sidelines of the U.N. General Assembly in New York next Tuesday to discuss the next phase of the Iran conflict, according to reports. The discussions are expected to focus on U.S. proposals for a postwar strategy, with leaders from the Gulf Cooperation Council (GCC), Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman, expected to participate. The meeting comes as the administration works on a broader postwar framework ahead of the Sept. 24 Trump–Xi summit, where regional security and AI are also expected to be discussed. 3. Generac $GNRC signed a long-term agreement to supply backup power generators for Amazon $AMZN data centers, with total payments under the deal potentially reaching $8B. Initial generator deliveries are expected to total roughly $2.4B across 2027 and 2028. As part of the agreement, Amazon received warrants to purchase up to 1.69M Generac shares at $200.93 each, with about 308K shares vesting immediately and the rest vesting in stages as Amazon’s payments move toward the $8B threshold. The warrants are exercisable through September 2033. The deal gives Generac a major long-term hyperscaler customer as AI data center growth continues driving demand for backup power and broader energy infrastructure. 4. Fed Chair Kevin Warsh said today’s rate hike removed a “dose of accommodation,” adding that the move shows the Fed is serious about restoring price stability. Warsh also said he believes the Fed can bring inflation back under control without damaging the labor market: “We don’t need to do harm to the job market to achieve our objective.” On AI, he said the Fed is closely monitoring developments but that decisions around AI’s risks and rewards belong to other policymakers, adding that the Fed’s AI task force is expected to report back by year-end. Meanwhile, White House official Desai called the Fed’s rate hike “rather unfortunate.” 5. Nebius $NBIS announced another ~20% price increase for on-demand H100, H200, B200, and B300 GPUs, effective October 1, just 4 months after raising prices by roughly 30%. The company also posted 5 first-place results in the latest MLPerf AI inference benchmarks, including the top full-rack performance on NVIDIA’s GB300 NVL72. Nebius was one of only 2 companies to submit results on NVIDIA’s next-generation Vera Rubin NVL72 platform, achieving 603K tokens/sec running DeepSeek R1 across 72 GPUs in the preview category. The results further reinforce Nebius’ infrastructure capabilities, engineering execution, and close partnership with NVIDIA. 6. The top 10 most active options today by contracts traded were $NVDA with 3.0M contracts, $TSLA with 2.4M contracts, $AAPL with 1.6M contracts, $SPCX with 1.2M contracts, $INTC with 1.0M contracts, $MU with 857K contracts, $META with 857K contracts, $AMZN with 854K contracts, $AMD with 743K contracts, and $HOOD with 403K contracts. 7. Trump administration officials are reportedly considering a meeting with major AI and tech executives on the sidelines of Xi Jinping’s Washington visit next week, though nothing has been finalized, according to CNN. OpenAI CEO Sam Altman and Nvidia $NVDA CEO Jensen Huang are among those expected to be in Washington for the state dinner and could potentially attend. The proposed discussion would focus on the future of AI and related risks, although Xi is not currently expected to participate. The meeting comes as the U.S. and China also prepare to discuss shared AI risks ahead of the September 24 Trump–Xi summit. 8. Chipotle $CMG is partnering with Palantir $PLTR to strengthen food safety monitoring across its restaurants. Chipotle will use Palantir’s platform to track potential food safety risks, including pest incidents, employee illnesses, and other operational factors that could impact restaurant safety. The partnership comes after a challenging summer for food safety across the U.S. and highlights how Palantir continues expanding beyond government and industrial customers into large-scale commercial use cases, where its software is being used to improve operational decision-making and risk management. 9. U.S. homebuilder confidence fell to 32, its weakest reading since late 2022, as elevated mortgage rates continued weighing on demand. The average 30-year mortgage rate has climbed back above 7%, near its highest level in almost 2 years. Builders are increasingly responding with incentives, with 38% cutting prices and 66% offering buyer concessions. At the same time, housing inventory has reached a 7-year high, while Redfin estimates there were 58% more sellers than buyers in August, the widest imbalance since it began tracking the data in 2013. 10. Nokia $NOK is expanding AI-RAN trials with operators across North America, Europe, Asia-Pacific, and the Middle East as carriers move from early evaluations into lab and live-field testing. The platform combines Nokia’s anyRAN software with NVIDIA’s Aerial RAN Computer and has delivered more than 20% improvement in spectral efficiency, according to Nokia. New and ongoing partners include A1 Group, Chunghwa Telecom, du, e&, Mobily, stc, TPG Telecom, Zain Saudi, and NTT DOCOMO, while earlier evaluations involved T-Mobile, SoftBank, and Indosat. Nokia and NVIDIA are also expanding their AI-RAN collaboration as the telecom industry moves toward AI-native 5G and 6G networks. 11. Apple $AAPL is reportedly weighing a return to the server market with an AI-focused enterprise system built around its own M-series chips and NVIDIA’s NVLink Fusion networking technology, according to The Information. The proposed servers would use either 2 or 4 M8 Ultra chips and target AI developers, enterprises, and governments looking to run AI inference on private infrastructure. The project is currently aimed for 2029, though the plans could still change or be canceled. The move follows surging demand from AI developers for Mac mini and Mac Studio systems, helping drive Mac revenue up nearly 29% last quarter to $10.4B. If launched, it would mark Apple’s return to the server market for the first time since discontinuing Xserve in 2011. 12. CoreWeave $CRWV signed a definitive 15-year anchor lease with Blockfusion for capacity at its Niagara Falls, New York AI data center campus. The former power plant is being converted into a high-density, liquid-cooled AI facility powered predominantly by hydroelectric energy. The agreement further expands CoreWeave’s long-term AI infrastructure footprint while leveraging low-cost, renewable power to support next-generation GPU deployments. WALL STREET IS THE GREATEST SHOW ON EARTH.

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• @StockSavvyShay neutral 1234 eng

  $NOK will begin selling $NVDA powered AI mobile network gear in 2027 with the platform designed for Open RAN and future 6G upgrades. Nokia says it could improve spectrum efficiency by 50% next year and double data capacity on the same airwaves by 2028. https://t.co/ZT7AvxkjlA

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• @StockSavvyShay bullish 1061 eng

  $NOK AI and cloud orders nearly tripled to $3.2B in Q2 from $1.1B in Q1 with related sales rising 105% YoY. Comparable operating profit reached $496M topping the $437M consensus. https://t.co/BFhc4k9EKs

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