$Micron Technology(MU)$ reports FY2026 Q3 earnings after the close on June 24, and the timing couldn't be more important. Just last week, markets were rattled by Fed Chair Kevin Warsh's hawkish debut. Global central banks are increasingly leaning toward tightening, while investors have started questioning whether AI valuations have simply gone too far. In short, the market is looking for a catalyst to stabilize sentiment. Tonight, Micron faces that test. Micron has become the market's preferred way to verify whether AI spending remains as strong as investors believe. If cloud providers are still aggressively buying HBM, DRAM, and NAND, Micron's results should reveal it more clearly than almost anyone else. The question isn't just whe

New Fed Chair Kevin Warsh made his first FOMC appearance this week, and his hawkish tone immediately poured cold water on markets, triggering a sharp repricing across global assets. The policy rate itself did not change. The Fed kept rates unchanged at 3.5%–3.75% for the fourth consecutive meeting, with a unanimous 12-0 vote. What scared the market was not the rate decision. It was that Warsh effectively took away the Fed’s “script.” But the story reversed the very next day. On Thursday night, the three major indices rebounded strongly, led by tech: $NASDAQ 100(NDX)$rose 2.48%, $NASDAQ(.IXIC)$gained 1.91%, and $S&P

The major indices sold off yesterday: $S&P 500(.SPX)$ fell 0.57%, $NASDAQ(.IXIC)$ dropped 1.15%. Today started differently. Stocks opened higher, with the S&P up about 0.2%, the Nasdaq Composite up 0.5%, and the Nasdaq 100 up 0.6%, before giving back some gains during the session. Just weeks ago Goldman Sachs was talking about S&P 8000. Now Citadel and PGIM are warning about inflation, rates, and valuation risk. Japan has already begun tightening. The global conversation is shifting from rate cuts back to rate hikes. Just days ago, the Bank of Japan raised rates by 25 basis points to 1%. A few weeks earlier Goldman Sachs was calling for S&P 8000 and raising

The moment $SpaceX(SPCX)$ went public, it threw a wrench into one of Wall Street's favorite labels: the Mag Seven. With its valuation surging above $2 trillion after listing, SpaceX immediately surpassed Tesla and Meta, becoming one of the most valuable technology companies in the world. When a $2 trillion tech giant isn't part of the Mag 7, does the term still represent the leaders of the technology sector? SpaceX Doesn't Fit the Mag 7 Playbook For years, the market's tech leaders were simple: $NVIDIA(NVDA)$, $Apple(AAPL)$, $Microsoft(MSFT)$,

Tonight, the largest IPO in history begins trading on Nasdaq under the ticker $Space Exploration Technologies(SPCX)$. The hype has reached a fever pitch. More than $250 billion in subscription funds have reportedly been locked up, with retail investors alone contributing over $70 billion. Allocation rates are expected to be only 20–30%, while more than 1,000 institutions competed for shares and international allocations accounted for less than 10% of the deal. With a greenshoe stabilization mechanism in place, most investors expect a strong debut rather than an IPO break. The Most Expensive IPO in History SpaceX generated roughly $18.7 billion in revenue in 2025. At a $1.77 trillion valuation, that implies a staggering 94x price-to

The countdown is on. As soon as next week (the market broadly expects around June 12), $Space Exploration Technologies Corp(SPCX)$ lists on the Nasdaq under the ticker $SPCX$. Priced at $135 per share, a $1.77 trillion valuation, raising $74.4 billion — instantly the largest IPO in history. Musk skipped the usual price range and simply named a number. If the stock pops in its first days, he could become the world's first trillionaire. Just how big is this IPO? - $135 a share, $1.77T valuation, $74.4B raised (ceiling up to $86B). That raise nearly exceeds the total of every US IPO of the past two years combined - More than 40% above the company's own $1.25T self-valuation in February - SpaceX rewrites prior record was Saudi Aramco i

US stocks pulled back from record highs, and $Bitcoin(BTC.USD.CC)$ hit a new low, falling below $62,000 — its lowest level since February 6. Strategy sold off a massive holding of roughly $2.5 million in Bitcoin. "Bitcoin's price fell this week because Strategy broke its 'never sell' promise." At almost the same moment, Goldman Sachs raised a whole batch of price targets — S&P at 8000 by year-end, Asian markets revised up across the board. The research reports were unanimously bullish, yet the market took a breather first. What gives Goldman the confidence to be this bullish? $S&P 500(.SPX)$ at 8000 by year-end (about +6% from now), riding on earnings resilien

At Computex, Huang announced Vera CPU entering mass production and RTX Spark crashing into the PC market — NVIDIA is now officially in the CPU business. The market voted with its feet: $ARM Holdings(ARM)$ surged +15.7% to $409, the biggest free-rider winner; $NVIDIA(NVDA)$ +6.3% to $224; while the x86 duo took it on the chin — $Advanced Micro Devices(AMD)$ -1.2% to $510, $Intel(INTC)$ -4.7% to $109. A Barclays report just ranked the winners and losers of this $100B+ CPU war. For years the semiconductor spotlight was on GPUs. But over the past six months, AI wo

US stocks climbed steadily through May and closed the month at fresh record highs. $S&P 500(.SPX)$ finished +5.15%, closing at 7,580 (intraday high 7,599); $NASDAQ(.IXIC)$finished +8.36%, closing at 26,972 (high 27,095); and $NASDAQ 100(NDX)$crossed 30,000 for the first time, closing at 30,333. AI/tech led again. $NVIDIA(NVDA)$ kept sliding after its earnings; Trump's China visit and policy moves sparked a policy-driven rally; and the looming Fed chair transition is set to weigh heavily on the months ahead. S&P at record highs, but extremely divided

The AI industry chain is now clear: money is flowing from computing power into storage, optical communications, data centers, power, and space. The question is — do you pick stocks one by one, or just buy a thematic ETF? Between 2025–2026, 5 new ETFs targeting AI sub-sector themes have just listed, covering different stages of the industry chain from memory to space. Which direction are you bullish on? 1. $Roundhill Memory ETF(DRAM)$ Listed: 2026.4.2 | Today: $60.73 (+0.36%) | Since listing: +119% Theme: AI Memory / HBM / Storage Chips Buying the "current highest-alpha node" of the AI industry chain. Core logic: compute demand from companies like Anthropic is growing 5x faster than storage, making storage the most certain bottlenec

$NVIDIA(NVDA)$earnings are in the rearview. Where does the AI capital cycle flow next? The diffusion map is clear — money is rotating down the stack across 5 stages. The alpha window is different at each one. Stage 1: GPU & CPU $NVIDIA(NVDA)$ + $Advanced Micro Devices(AMD)$. Where the AI wave started, where capital concentrated first. Valuations are high. Most retail investors entered late here. Stage 2: Memory (actively running — highest alpha right now) $Micron Technology(MU)$ HBM demand surge, severe supply-demand imbalance, price and volume both rising.

Most CEO compensation clauses are written around EPS targets, revenue growth, stock price milestones. Musk's compensation vesting condition is: "Establish a permanent human colony on Mars with at least 1 million residents." For each tranche, both market cap milestones and the Mars colony milestone must be satisfied simultaneously. Every TAM figure in the S-1 — the $2.4 trillion space data center market, "AI compute is cheaper in space than on Earth," Starship carrying 95% of orbital payload — these are all waypoints on the same throughline. Not for the quarterly report. To make that one tranche vest. Converted using "Elon Time": a "2–3 year" forecast roughly means before the end of this decade. Musk owns roughly 42% of SpaceX. SpaceX needs to reach a $1.6 trillion valuation for him to bec

This Thursday, Starship V3 is expected to launch from Boca Chica, Texas. In the same week, SpaceX’s IPO filing will go public — roadshow on June 4, pricing on June 11, and official Nasdaq listing on June 12 under ticker $SpaceX(IPO001)$ . Meanwhile, $Rocket Lab USA, Inc.(RKLB)$, $Firefly Aerospace Inc.(FLY)$ and $Voyager Technologies, Inc.(VOYG)$ all rallied Monday before pulling back Tuesday. What do you think about the $1.75 trillion valuation? Musk merged SpaceX and xAI earlier this year, and the implied valuation is now over $1.75 trillion, with a poten

Trump officially wrapped up his China visit. The summit outcomes focused on energy and agricultural purchase frameworks, with zero announcement on easing chip export restrictions. But the real thing worth watching today isn’t the summit communiqué — it’s the simultaneously revealed Trump holdings disclosure: 3,642 trades within just Q1 alone, with estimated total trading volume between $220 million and $750 million, averaging 58 trades per day. Trump’s portfolio aligns with the three policy themes: AI infra, financial deregulation, and fiscal stimulus. Large-scale sells ($5M–$25M per trade): $Microsoft(MSFT)$ , $Amazon.com(AMZN)$ , $Meta Platforms, Inc.(META)$