To The Moon

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.