Big miss on jobs: US added just 57K in June vs 114K expected. Unemployment dipped to 4.2% (forecast 4.3%). May's number got cut by 43K too. Labor market's still all over the place.
$PLTR
Karp's latest interview had one key point:
"I've been in business a long time. Critical infrastructure can't run models without an application layer. That's our ontology. Some love me, some hate me. They're not buying because of that. They're buying because they nee
Apple is reportedly looking to buy memory chips from Chinese suppliers ๐ฌ
Earlier this headline: Trump applauds Micron for dropping $250M on his accounts ๐ค
So who really comes out on top?
Big news ๐จ: South Korea
South Korean Won just hit its lowest point against the U.S. Dollar since the Global Financial Crisis ๐๐ Looks like the Won didn't win this time ๐ซก
$META
Big news: Meta's apparently getting into cloud services to rent out extra AI computing power, according to Bloomberg.
If that's realโฆit's basically what everyone's been waiting for.
- Makes the huge spending on AI make sense
- Gives them a new revenue stream
๐จ BIG NEWS
๐ฎ๐ท Iranโs top guy Qalibaf just said on live TV: We wonโt talk to the U.S. unless all those terms are met first.
The peace deal is on hold.
This is really rough for the markets...
NVIDIA $NVDA is climbing after SemiAnalysis predicts data center revenue in the second half will be 20% higher than what analysts expected.
https://t.co/RZQkmhNKLe
Unusual Whales is running a July 4th deal ๐
Get up to 20% off.
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Singapore Meetup!
It hit me againโwherever you are in the world, people just want to chat about stocks. We're all in this super niche bubble where we actually care about Micron and Kevin Warsh, so it takes a bit more effort to find your people in real life ๐
So grateful
US stocks bounced back (SPX +0.7%, NDX +1.0%) after the US and Iran agreed to stop attacks in the Strait of Hormuz before peace talks resume, easing worries and letting ships move freely. Brent crude hit $72.52. Traders shifted back to AI, tech, and consumer plays as oil dropped