📅 Set your reminder. June 4: The PDT rule will be eliminated, and the $25,000 minimum account balance requirement will officially end.
What it means for you: We will be wiping all past PDT flags clean. Soon, customers will be able to trade on Robinhood without worrying about day trading limits again.
JUST IN: GOOGLE $GOOGL JUST ANNOUNCED AN $80 BILLION CAPITAL RAISE TO BUILD AI INFRASTRUCTURE
And Berkshire Hathaway $BRK.B is writing a $10 billion check to get in.
Here's the full breakdown:
THE DEAL:
- $30B in underwritten public offerings
- $40B through an at-the-market stock program starting Q3 2026
- $10B private placement to Berkshire Hathaway
THE BERKSHIRE PIECE:
- $5B in Class A Common Stock at $351.81 per share
- $5B in Class C Capital Stock at $348.20 per share
- Berkshire has been building this position since Q3 2025
THE PURPOSE:
- Scale AI compute infrastructure to meet "unprecedented customer demand"
- Approximately $30B of the ATM proceeds will cover 2026 employee equity tax obligations
- Remaining proceeds go directly to AI infrastructure buildout
$SPY $QQQ SPX
Week ahead is out: https://t.co/aARkGHqkXg
Market data from @ConvexValue
Check out the amazing work Juan has done with CVForge!
Net positioning from @OptionsDepth
If the weekly posts, daily commentary are of any use, please like/repost.
Morning overviews will be out this week but that's about it - I'm at the beach.
Enjoy your weekend.
⚡️SanDisk $SNDK price target raised to $3,250 from $2,000 at Susquehanna
Susquehanna raised the firm's price target on SanDisk to $3,250 from $2,000 and keeps a Positive rating on the shares.
The firm's checks suggest Q2 DRAM average selling prices are trending to be up 50%-60% quarter-over-quarter, ahead of expectations of up 50%, while NAND ASPs are trending unchanged at up 75-100% quarter-over-quarter, reports the analyst, who is increasing estimates for memory manufacturers under coverage, driven by continued strength in blended ASPs and growing confidence in the sustainability of the margin profile.
THE OPTIONS MARKET IS ABOUT TO GO EXTENDED HOURS: THE MAG 7 ARE FIRST IN LINE
CBOE just received SEC approval to launch extended trading hours for options. Launch date: July 13, 2026.
Here's who makes the cut at launch:
About 20 stocks, including all Magnificent 7 names:
• Apple $AAPL
• Microsoft $MSFT
• NVIDIA $NVDA
• Google $GOOGL
• Amazon $AMZN
• Meta $META
• Tesla $TSLA
To qualify for extended hours options trading:
- $50B+ market cap
- 150,000 contracts minimum
- 10M+ shares in daily average trading volume
CBOE Global Markets $CBOE also plans to launch 23x5 equities trading on its CBOE EDGX Exchange in December. Nearly around-the-clock trading, 5 days a week.
Two separate launches. One direction: the market is open longer than ever.
April PCE came in softer than expected.. Bullish
PCE M/M +0.4% vs +0.5% est
PCE Y/Y +3.8% vs +3.8% est
Core M/M +0.2% vs +0.3% est
Core Y/Y +3.3% vs +3.3% est
CAPACITY ADDITIONS FOR AI DATA CENTERS TO ACCELERATE ⚡️
Raw Schedule (dark blue): All announced projects - 133 gigawatts by 2028
Goldman Sachs forecast (light blue): 95 gigawatts by 2028 - taking into account cancelations and delays
The U.S. is extremely compute constrained with half of all planned data centers either cancelled or delayed. Nonetheless, AI infrastructure continues to supercharge.
🚨 GOLDMAN SACHS PROJECTS U.S. DATA CENTER POWER DEMAND TO DOUBLE BY 2027
• 66 gigawatts in 2027 from 31 GW in 2025
• Only About 50-60% of data center capacity scheduled for the next one to two years is expected to come online
$SPY $QQQ SPX
Week ahead is out: https://t.co/TNGfFea4ks
Market data from @ConvexValue
Net positioning from @OptionsDepth
If the weekly posts, daily commentary, or flow shows are of any use, please like/repost.
#MDFS on Tuesday at 1245 EST with @tony_mansour
and @iV_trader.
It's our last one for a while - we'll be back later in the summer!
We got this from the Whitehouse after market close on Friday.
The post-OPEX wobble was interesting (see this from last week)
The 🇺🇸 Trump administration is awarding $2 billion in grants to 9 quantum-computing companies in deals that include U.S. government equity stakes
$IBM is getting the biggest package worth $1 Billion
GlobalFoundries $GFS is getting $375M in funding
Then most of the other companies including D-Wave $QBTS, Rigetti $RGTI, and Infleqtion $INFQ will get $100M
(Source WSJ)