About 3 months ago, failed shoe retailer $BIRD made the announcement they are transitioning away from shoes and into AI.
Their stock jumped 10x that day alone.
Since then?
-88%. Basically roundtripped almost ALL the gains.
Lol
Few trades a year you see like $MRVL. If it works you bank more on a trade like this then 2 months of trading.
If it fails you try again when it sets up.
The $RDDT CEO dropped another very telling quote the other day that I’m not seeing anyone mention.
“If you talk to any of the early engineers from any of the major LLMS, they’ll all tell you Reddit’s data was essential in their creation.
Reddit is the #1 most cited domain for AI across all models.
Our content is uniquely valuable to the AI ecosystem because it’s fresh, honest, and largely text-based. And this position still holds because the fresh part really matters: ongoing indexing is more valuable than static datasets.
As I said in Q1’26 earnings, I believe our conversations are like oil for this modern internet.
We’ve learned a lot over the last two years and those learnings should be reflected in future partnerships, including ways to make them more product-focused versus “data for dollars.”
I can’t get into specifics about deals or renewals, but can say that we fully understand the value we bring to the table.”
This is going to be remembered as one of the most egregious AI casualty mispricings when we look back a year or two from now.
This is absolutely insane.
The SpaceX, $SPCX, IPO officially began trading 15 minutes ago and there are already 160 MILLION shares traded.
That's ~$26 BILLION worth of shares traded in 15 minutes.
In other words, $1.7 billion worth of $SPCX is being traded PER MINUTE right now.
Absolutely incredible.