OpenAI just proposed giving the Trump Administration 5% of the company to 'clear political obstacles,' according to FT. Sam Altman says public ownership shares AI upside best. Early talks include other US AI firms doing the same. Looks like the government might soon own a piece
Apple's apparently talking to two Chinese chip makers 🇨🇳 that are on a Pentagon blacklist about buying memory chips from them. They're trying to deal with the global shortage. - Bloomberg
Big news: US M2 money supply jumped $247.8 billion in May, hitting a record $23.1 trillion.
That's the biggest monthly jump since May 2021. So far this year, it's up $698.6 billion—the largest Jan-May rise in 5 years. Money supply is now $1.3 trillion above its March 2022 p
Just dropped a free trial of the Unusual Whales API 🚀
Get live options, stocks, and prediction data. Hook it up to your AI to build trading bots, track smart money, or create custom screeners with real-time flow and dark pools.
Sign up: https://t.co/BSuJ1nMAKn
Micron, Intel, and AMD each added to their market caps in Q2, growing by $2 billion combined. They're now ranked 10th, 11th, and 12th among the most valuable US tech companies 🇺🇸 (via CNBC)
🚨 BREAKING
The Fed is pumping $6.6 billion into the markets tomorrow at 9 AM ET right before the US market opens. Kevin Wars is officially buying T-bills again and turning the money printer back on. Giga bullish for markets! 🚀
A Chinese fund manager who nailed the 2007 peak just warned AI stocks could crash 80%+.
His take: “the collapse point might be coming soon.”
Another big Chinese fund says: “the trigger is already here.”