@LeBatardShow@MichaelRyanRuiz@JuJuGotti@Rickthelaureate Closed Captions on the show on Peacock have been hilarious lately!!! I can't make this stuff up - Time Stamp 2:2734 S2025 E:21. I always watch with Close Captions, Super Funny!
$MRVL is up over 15% in overnight trading after $NVDA CEO Jensen Huang called Marvell “the next trillion-dollar company” at Computex.
Data center is now ~76% of revenue putting Marvell at the custom silicon and interconnect chokepoint of the AI buildout.
This is absolutely incredible.
Investors now perceive Nvidia to be as creditworthy as the US government.
Nvidia's $NVDA, 5-year credit default swap (CDS) is trading at ~38 basis points, slightly below the US sovereign CDS, at 40 basis points.
In other words, markets consider the world's largest company to be less likely to default on its obligations than the US federal government.
This comes as in FY2026, Nvidia carried only ~$8.5 billion in total debt against ~$10.6 billion in cash and generated nearly $100 billion in free cash flow, giving it one of the strongest balance sheets of any company in the world.
Even if Nvidia's earnings dropped -90%, it would still rank among the 100 most profitable companies in the world.
Markets are treating Nvidia as one of the safest companies on the planet.
IRAN ANNOUNCES THEY ARE STRIKING US MILITARY BASES IN KUWAIT.
IRGC: “In response to the US strike on Qeshm Island, the IRGC Aerospace Force has struck US military bases in Kuwait with “precise and intensive missile strikes.”
Oil now $95/barrel, highs of the week, futures down
Berkshire Hathaway agreed Sunday to buy Taylor Morrison, the nation's sixth largest homebuilder, for roughly $8.5 billion in cash, paying $72.50 per share, a 24% premium to the builder's May 29 closing price. It is one of the first major deals made under new CEO Greg Abel, who took over from Warren Buffett earlier this year.
Read: https://t.co/9pBJfDqHUW
The 4.3% unemployment rate is below both the 10-year average of 4.6% and the 50-year average of 6.1%. For the second month in a row, the official government tally of jobs added blew past economists' expectations. And the most recent Job Openings and Labor Turnover Survey showed hiring surged in March. https://t.co/iNIG7FnIYs
BREAKING: 🇺🇸 THE US STOCK MARKET WILL DO SOMETHING INSANE!
in 75 years of S&P 500 data, the index has NEVER peaked for the year in June.
Zero times. Out of 75.
The S&P just printed a parabolic blow-off into June. The seasonality says this isn't the top.
When the index peaks later in the year (October, November, December), the drawdowns that follow tend to be deeper and faster.
BREAKING: Iran announces it is ending all negotiations with the US and vows to "completely" block the Strait of Hormuz, per CNBC.
Iran says it is ending negotiations due to repeated ceasefire violations including Israeli strikes in Lebanon.
Iran also threatens to block the Bab el-Mandeb Strait.