Crazy day in the stock market. Semis dropped 2.5% on China supply chain and AI funding worries, Palantir CEO talked up sovereign AI, and Citadel thinks the Fed might hike rates this week. Nvidia launched an AI security alliance, BlackRock raised $12.5B for Meta's data center, an
AI demand is really driving China's economy now. Chip exports hit a record ~$290 billion in the past year, more than doubling in 3 years. Computer and component shipments rose to ~$240 billion, the highest since 2022. Power equipment exports also hit ~$190 billion, with growth s
π¨ BREAKING:
πΊπΈ FED IS EXPECTED TO HIKE INTEREST RATE BY 50BPS THIS YEAR
ODDS HAVE PUMPED TO 34% AFTER THE INFALATION DATA RELEASE
THIS IS NOT GOOD FOR MARKETS...
Nvidia ($NVDA) just kicked off a new partnership deal β AI startups can trade their future revenue for access to top-tier computing power. Pretty wild move π€―
Via CNBC
If the S&P 500 ends the year up 10% or more, it'll be just the second time ever it's seen 4 years in a row of double-digit gains. The last time that happened was 1995-1999, right before the Dot Com Bubble popped π€― π
Big news: The US goods trade deficit jumped by $22.8 billion (27%) in May, hitting $105.8 billionβthe highest since March 2025. That's the biggest monthly leap since November 2025.
Exports dropped $11.8 billion (5%) to $207.7 billion, the lowest since February, mostly due to
PLTR just got upgraded to Buy by DA Davidson with a $175 price target π₯
Karp's been going viral for telling it like it is on national TV β talking tokens, software, and compute. No wonder analysts are getting hyped.