MACRO DESK

Welcome to Macro-Desk.

Most communities sell signals. We focus on something far more valuable: perspective

[MACRO DESK @MDESKw]

$QNT Set for Strong Nasdaq Debut

🔹 Shares of Quantinuum ($QNT) are indicated to open around $70, well above the company's $60 IPO price.

🔹 The implied opening represents a gain of approximately 17% from the offering price.

[MACRO DESK @MDESKw]

$AVGO
🔹 CEO Hock Tan has successfully driven growth in Broadcom's AI-focused semiconductor business, including TPUs for Google and networking solutions.

🔹 At the same time, VMware has continued to expand following its acquisition.

Time to buy the dip?

[MACRO DESK @MDESKw]

@DeItaone A $322B AI revenue forecast by 2030 feels incredibly ambitious. At that point, execution matters far more than the story. The key question isn't whether SpaceX can build AI infrastructure—it's whether it can monetize it at the scale required to justify a $1.78T valuation.

[MACRO DESK @MDESKw]

Apple May Turn to Google Gemini for Advanced Siri Features

🔹$APPL is reportedly planning to use Google’s Gemini models for more complex Siri requests after internal testing showed its own cloud-based solution was too slow.

More details are expected at Worldwide Developers Conf

[MACRO DESK @MDESKw]

$SPCX Sets IPO Terms at a Record $1.75T Valuation

🔹 SpaceX has reportedly priced its IPO at $135 per share, targeting a $75B raise and implying a valuation of approximately $1.75 trillion.

🔹 Demand is expected to be exceptionally strong, with the roadshow now underway.

[MACRO DESK @MDESKw]

$GOOGL Plans to Use $30B of Its Capital Raise for Employee Tax Obligations

🔹 Around $30B of $80B equity raise will be used to cover taxes tied to employee stock awards.
🔹 The amount is roughly double last year's level and represents about 14% of expected operating cash flow.

[MACRO DESK @MDESKw]

@zerohedge Market internals are flashing potential warning signs, with both dispersion and correlation indicators suggesting equities overbought levels.

Downside hedging remains relatively inexpensive, offering investors a cost-effective way to protect portfolios against a potential pull

[MACRO DESK @MDESKw]

@zerohedge According to reports, Anthropic has tapped Morgan Stanley ($MS) and Goldman Sachs ($GS) to help lead a potential initial public offering (IPO).

🔹 The move signals that one of the leading AI companies may be preparing for a future public market debut.

[MACRO DESK @MDESKw]

Pershing Square to Sell $1.5B Worth of $UMG Shares

Bill Ackman’s Pershing Square is planning to sell approximately 80.6 million shares of Universal Music Group ($UMG) in an overnight offering, potentially raising up to €1.5 billion.

[MACRO DESK @MDESKw]

Memory Stocks Continue to Outperform YTD

AI-driven demand for high-bandwidth memory (HBM) and storage solutions has made memory chip makers some of the market's biggest winners this year.

📈 YTD Performance:
• $SNDK : +516%
• $MU : +208%
• SK Hynix: +245%
• Samsung: +147%

[MACRO DESK @MDESKw]

$META Begins Monetizing Its AI Business Agent

Meta ($META) is starting to charge businesses for access to its AI-powered customer service agent across WhatsApp, Messenger, and Instagram.

🔹🔹 This marks the first time Meta is directly monetizing the product.

[MACRO DESK @MDESKw]

$GOOGL Increases Capital Raise as Investor Demand Surpasses Expectations

Alphabet ($GOOGL ) has upsized its capital raise to $84.75 billion, up from the previously announced $80 billion, following stronger-than-expected investor demand.

[MACRO DESK @MDESKw]

🔹 This will be IREN's first announced data center development in Australia.

🔹 The project further strengthens the company's position in the rapidly growing AI and high-performance computing infrastructure market. $IREN

[MACRO DESK @MDESKw]

$IREN Announces Major AI Infrastructure Expansion

IREN has unveiled plans to develop an 800MW data center campus in Bundey, Australia, marking a significant milestone in the company's long-term growth strategy.

[MACRO DESK @MDESKw]

Shoppers can choose to:

Pay in full at checkout, or split purchases into 4 interest-free installments through Klarna's "Pay in 4" offering.

• For higher-ticket purchases, customers will also have access to longer-term financing options.
$KLAR | $ULTA.CN

[MACRO DESK @MDESKw]

Klarna Partners With Ulta Beauty to Expand Flexible Payment Options
$KLAR | $ULTA

• Klarna has announced a new partnership with Ulta Beauty, bringing its flexible payment solutions to one of the largest beauty retailers in the United States.

[MACRO DESK @MDESKw]

Next week earnings ☑️

[MACRO DESK @MDESKw]

On the downside:

🔻 $ADSK -7.5%
Despite solid earnings, investor sentiment weakened after the announcement of the $3.6B all-cash acquisition of MaintainX.

🔻 $AEO -11%
Quarter came in below expectations

🔻 $GAP -16%
Shares under pressure after the company lowered outlook

[MACRO DESK @MDESKw]

TODAY MARKET HIGHLIGHTS
Notable movers

🔹 $DELL +34%
Exceptional quarter driven by continued strength in AI server demand. The company delivered one of its strongest growth periods since returning to public markets and materially raised forward guidance.

[MACRO DESK @MDESKw]

🔹 $NTAP +18%
Strong earnings report with upside across revenue, EPS, and forward outlook.

🔹 $OKTA +8%
Reported better-than-expected earnings and revenue, supported by resilient enterprise demand.

🔹 $SNOW +1%
Trading modestly higher following an HSBC upgrade.