IT

'overachiever who makes up for the lack on talent with hustle' (all opinions are my own)

[Visegrád 24 @visegrad24]

BREAKING:

The IOC announces that all Russian athletes will be allowed to compete in the Olympics again starting from the 2028 Los Angeles Summer Olympics

[Per Bylund @PerBylund]

What causes #poverty? Nothing. It's the original state, the default and starting point. The real question is, What causes #prosperity?

[Ivan_Grieco @Ivan_Grieco]

Vannacci e il suo partito hanno molte connessioni con la Russia, sembra molto chiaro. Ci sono persone al vertice di Futuro Nazionale collegate al Cremlino, ed è questo il motivo per cui sono stato bandito dai loro eventi. Continueremo ad indagare per fare chiarezza.

[Wall St Engine @wallstengine]

$META is reportedly developing a cloud business to sell access to excess AI compute, per Bloomberg.

The internal initiative is called Meta Compute.

The plans being considered:

AI model access hosted on Meta infrastructure, similar to AWS Bedrock

Raw AI compute capacity, closer to CoreWeave

Developer access to Meta’s data centers, chips, and models

[Ouster @ousterlidar]

Ouster Rev8 OS digital lidar is now Build America, Buy America (BABA) compliant 🇺🇸

State and local transportation agencies can deploy and trust Rev8 and Ouster BlueCity in federally funded infrastructure projects in ITS, smart cities, transit and tolling.

[Wall St Engine @wallstengine]

Ouster $OUST said its Rev8 OS digital lidar sensors now comply with Build America, Buy America requirements.

The compliance makes the sensors eligible for federally funded infrastructure projects, including intelligent transportation systems, smart cities, transit networks and tolling.

It also extends to Ouster BlueCity, its lidar + AI traffic management system.

[Barchart @Barchart]

7 out of 10 Market Peak Indicators have now triggered according to Bank of America 🚨🚨

[First Squawk @FirstSquawk]

APPLE SEEKS U.S. APPROVAL TO SOURCE MEMORY CHIPS FROM CHINA’S CXMT: FT

Apple is seeking U.S. government clearance to purchase memory chips from Chinese DRAM maker CXMT, according to the Financial Times.

The move aims to ease supply shortages and rising memory chip costs driven by AI demand.

CXMT is on the Pentagon’s Chinese Military Company blacklist, making the proposal politically sensitive despite no current legal ban on purchases.
If approved, the deal could diversify Apple’s memory supply chain and reduce dependence on Micron, Samsung, and SK Hynix. (https://t.co/Vx4hGylMK9⁠)

[Putin2theHauge @Putin2theHague]

Just a reminder how russian elections look like when cctv cameras are on.

Sounds on 🔊

[IT @ASJUV]

@SoFi @grok is this service launched on SoFi app as native experience or its a standalone app?

[Teng Yan @tengyanAI]

Oracle is deploying 50,000 AMD Instinct MI450 GPUs on OCI starting in Q3 2026.

AMD's "NVIDIA alternative story" is getting more concrete imo.

[Esperia Italia @EsperiaItalia]

Lavazza ha scelto Raffaele Giuliani come volto di un suo format YouTube. Una scelta legittima che apre però una questione. Giuliani è una delle voci più note dell’universo pro-Pal sui social italiani. Un mondo che considera il boicottaggio economico contro Israele e contro le aziende che lavorano con Israele uno strumento politico legittimo. Tra quelle aziende da boicottare, in diverse liste pro-Pal, compare anche Lavazza. I rapporti commerciali con Israele sono un problema etico sempre, oppure solo quando riguardano gli altri? I principi valgono sempre o solo fino a quando arriva una proposta commerciale? L'editoriale di @Gino_Zavalani

#Lavazza #RaffaeleGiuliani

[Dr. Eli David @DrEliDavid]

Mamdani condemned Israel for eliminating a Ahmad Wishah, a Palestinian "journalist" working for Al Jazeera.

The "journalist" 👇

[Bull Theory @BullTheoryio]

🚨 THIS IS WHY EVERYTHING IS CRASHING AT THE SAME TIME TODAY.

Gold, silver, and tech stocks are all down together right now, which usually signals forced selling across markets.

AI SEMICONDUCTOR DELEVERAGING

South Korea's Kospi crashed 10% today, triggering a circuit breaker for the second time this month. Samsung and SK Hynix both fell more than 12%.

A local media report said SK Hynix is slowing down expansion of its newest chip and shifting focus to a lower priced, commodity grade chip to cover a shortfall.

For a company at the center of the AI memory boom, that reads as a signal that demand assumptions are being walked back.

On top of that, Korean investors had been buying chip stocks with record amounts of borrowed money, after regulators had already warned that the sector's rally had run too hot.

Once the selling started, that leverage forced even more selling, which is what turned this into a circuit breaker instead of a normal pullback.

QUARTER-END REBALANCING

JPMorgan warned that quarter-end rebalancing could force up to $165 billion in equity selling worldwide.

Big pension funds and sovereign wealth funds have to rebalance back to fixed stock-to-bond targets after a strong run in stocks. The window runs through June 30, so we are still in the middle of it.

A HAWKISH FED

9 of the Fed's 19 policymakers are projecting at least one rate hike this year, and markets are pricing a 70% chance of a hike by September. That alone raises the cost of holding risk right now.

USD/JPY AND A POSSIBLE YEN INTERVENTION

USD/JPY had violent wicks yesterday, the kind of move that shows up when Japan steps in to defend the yen. The pair was already sitting near levels where Japan has intervened before.

If that is what happened, it disrupts the yen carry trade, where investors borrow cheap yen to fund positions in stocks and other assets globally. Unwinding that trade hits unrelated markets at the same time, which lines up with gold, silver, and stocks all dropping together today.

The move was on the smaller side, so a confirmed intervention isn't certain. But it's the one thread connecting everything else here.

TECH SPECIFIC WEAKNESS

The Nasdaq closed down 2.33% yesterday, and futures point to another 2.50% drop today.

The Dow closed up +0.29% the same day, almost entirely from one stock, Caterpillar.

SpaceX fell 16% yesterday, its third straight losing day, down from $176 to $154.

Alphabet fell 5% on reports of AI talent leaving. Amazon, Meta, and Microsoft all fell with them.

[IT @ASJUV]

@anthonynoto @Kenmegan44 @SoFi @anthonynoto amazing News! Ps: crazy how many bots 🤖 with coordinated attacks against $SOFI

[SoFi @SoFi]

As an investor, you've had to choose between straight-forward investing tools and powerful automation. Composer by SoFi changes that.

Now you can use AI to help create your own custom, automated investing strategies. You can build, backtest, and execute—with no coding required. Explore Composer by SoFi: https://t.co/BXL2c5vgqg

[Wall St Engine @wallstengine]

$SOFI launched Composer by SoFi, an AI-powered investing platform built from its Composer Securities acquisition.

Users can describe investment ideas in plain English, backtest them, and automate rules-based strategies.

[Shay Boloor @StockSavvyShay]

$SOFI launched Composer by SoFi which is an AI-powered investing platform for building, testing and automating investment strategies.

The product adds AI-driven strategy creation and backtesting to SoFi’s growing self-directed investing and wealth platform.

[گندم @EchoesOfIran]

@LionsOfZion_ORG @hoomaanH You lost the negotiations.
You lost the war.
And in the end, you abandoned the people of Iran for nothing.

You promised strength, but delivered empty words. In my view, you lied to the people who believed you.

Shame on you.

[Kate from Kharkiv @BohuslavskaKate]

HOLY SMOKES! Moscow right now 🔥🔥🔥