Ms. Liz

$MU bull 💚

[mika @mikasagrada]

“2027 é daqui 3 meses”

eu, que perdi a noção do tempo desde 2019:

[kuno @kunoo]

Me at 3am after I turned $20 into $25 from trading

[kuno @kunoo]

Me talking to myself after I broke my trading rules again

[unusual_whales @unusual_whales]

Chinese cars will not be sold in America, US Department of Transport Duffy has said.

[. @deityofnightt]

the beauty I feel when I do skin care after showering

[Neok @neoktrades]

“Men used to go to war.”

Trading NQ is war bro.

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. The U.S. reportedly offered Iran a deal to halt the siege and lift sanctions in exchange for reopening the Strait of Hormuz and ending proxy attacks, according to Al Arabiya. Axios also reports that Rubio told several foreign counterparts the U.S. does not plan new strikes on Iran for now, with pressure shifting toward the naval blockade and new sanctions campaign instead. Crude Oil fell 4% and the 10-year treasury bond fell from 4.72% to 4.62%.

2. Global physical gold-backed ETFs $GLD attracted $6.4B of inflows last week, their largest weekly intake since January and the 3rd-largest weekly inflow on record. North America led with $4.4B, followed by Europe at $1.7B and Asia at $300M. This marked the 7th straight week of inflows, with global gold ETFs pulling in $16.4B over that stretch. Total AUM in global gold ETFs rose by $33B last week to $615B, the highest level since the second week of May.

3. Intuit $INTU reported Q4’26 revenue of $4.4B, beating estimates of $4.27B and up 14% YoY. Adjusted EPS came in at $4.03 versus $3.58 expected. Global Business Solutions revenue rose 14% YoY to $3.4B, the Online Ecosystem grew 17% YoY to $2.6B, Consumer revenue increased 14% YoY to $930M, and Credit Karma revenue rose 16% YoY to $743M. For FY27, Intuit guided revenue to $23.3B–$23.5B versus $23.72B expected, while adjusted EPS guidance of $22.88–$23.12 came in well below the $27.32 estimate. The company also raised its dividend 15% YoY to $1.38/share, bought back $5.5B of stock, and has $7.9B remaining on its authorization. Management said its strategy is to win as an AI-driven expert platform while staying disciplined on investments and scaling its big bets.

4. President Trump said the U.S. Navy has removed and/or detonated all mines from international waters in the Strait of Hormuz. He said Iran has been notified that any ship or boat placing new mines will be “immediately and systematically destroyed.” Trump added that Space Force is monitoring every square inch of the Strait, along with Pickaxe Mountain and the three previously destroyed nuclear sites, and said a “Zero Tolerance” policy on mine placement is now in full effect.

5. Canada is responding to U.S. tariffs with new tariffs of its own. The country is raising steel tariffs to 50% from 25%, while roughly 700 products will face new tariff rates of 15%, 25%, and 50%. The measures are set to take effect on September 8, marking another escalation in the U.S.–Canada trade dispute.

6. Anthropic is expected to tell IPO investors its total addressable market exceeds $30T, topping SpaceX’s $28.5T estimate, according to WSJ. The figure represents the potential value of work Anthropic believes AI models could eventually perform, not a direct revenue forecast. Anthropic generated $11.6B in Q2 revenue and could seek to raise as much as $100B at roughly a $2T valuation. IPO documents are expected within weeks, potentially setting up a September or early October listing.

7. OpenAI’s data-center head Chris Malone left the company last week, according to WSJ. Malone joined in March 2025 shortly after Stargate was announced and played a key role overseeing OpenAI’s massive data-center buildout. He previously led data-center strategy at Meta and earlier worked on data-center technology at Google. The departure comes just weeks after OpenAI also replaced its chief revenue officer, adding another senior leadership change as the company races to scale infrastructure, revenue, and compute capacity.

8. ClickHouse has surpassed $350M in annual recurring revenue, up 40% since May, as AI agents drive demand for database and observability infrastructure. OpenAI’s usage has reportedly grown roughly 10x over the past year to more than 30 petabytes of data per day, or around 30T events daily. OpenAI has also shifted parts of its log-management workload from Datadog to ClickHouse over the past year. ClickHouse was valued at $15B in January and says gross margins currently range from 50%–70%. Earlier this year, the company acquired Langfuse to expand deeper into monitoring AI applications and agents. Nebius $NBIS owned a 28% stake in ClickHouse as of May 2025, though that stake has likely been diluted by subsequent fundraising.

9. JPMorgan reiterated its Overweight rating on SpaceX $SPCX with a $240 price target, saying the company’s AI ambitions are coming into sharper focus and that it is increasingly positive on Grok. The firm highlighted SpaceX’s completed acquisition of Cursor on 8/14 as an important step in building enterprise AI capabilities. Cursor brings roughly $4B of ARR as of June 2026, with about 75% coming from businesses, which JPMorgan says should help streamline go-to-market and provide valuable model-training data. The firm also said Cursor data is already showing up in Grok’s supplemental training, with tangible improvements in recent model performance.

10. OpenAI says its new Broadcom-built Jalapeno AI chip outperformed Nvidia $NVDA GB300 in both throughput per watt and response latency during internal testing, according to Bloomberg. The chip is built specifically for inference, not training, and runs at roughly 700 watts. OpenAI plans to begin deploying Jalapeno for its models later this year, saying the performance gap widened on larger workloads, including Moonshot’s Kimi model, and that the chip has also performed well on unreleased OpenAI models. The key caveat is that Jalapeno was tested against GB300, not Nvidia’s newer Vera Rubin generation. OpenAI says a second-generation chip is already nearing tape-out, while work on a third generation has begun.

11. The top 10 most active options today by contracts traded were $NVDA with 1.8M contracts, $TSLA with 1.8M contracts, $AAPL with 636K contracts, $SPCX with 548K contracts, $INTC with 540K contracts, $AMZN with 498K contracts, $MU with 483K contracts, $AMD with 403K contracts, $PLTR with 361K contracts, and $SOFI with 359K contracts.

12. Raymond James raised its Nvidia $NVDA price target to $352 from $330 and reiterated a Strong Buy rating. The firm says Nvidia’s CPU opportunity is becoming more important, especially for agentic AI workloads, even though CPUs are only about 3% of sales today. Raymond James expects CPU revenue to reach roughly 5% of total revenue by CY28 and believes Nvidia could potentially become the world leader in CPU revenue within several years. The firm also argued the stock remains inexpensive, trading at less than 15x CY27 GAAP earnings, below the S&P 500 at 18.6x, despite sales and net income growth still expected to exceed 20% in CY28. Its new $352 target is based on a 22x multiple on CY28 estimates, which Raymond James views as conservative given Nvidia’s leadership, CUDA moat, GPU performance, free cash flow, and history of trading at much higher multiples.

WALL STREET IS THE GREATEST SHOW ON EARTH.

[Trade Whisperer @TradexWhisperer]

$AAPL Tim Cook on $MU's $10 billion US-based Micron Research Labs Investment.

“For more than two decades, Micron has been an important partner, providing memory technologies for Apple's groundbreaking products that people love and use every day around the world. With the launch of Micron Research Labs, they are building on a legacy of leadership in semiconductor research to drive breakthroughs in memory and computing for decades to come. Apple believes deeply in American innovation, and we’re proud to support Micron as it expands leading-edge manufacturing and R&D in the United States.” -Tim Cook

[Bloomberg @business]

The 2026 World Humanoid Robot Games have begun. 666 teams from around the world are competing with more than 2,000 humanoid robots https://t.co/8GwBuNnNn1 https://t.co/KMF1kkBiI6

[Ms. Liz @lizkhalifa]

Traffic is cooked

[NTT INDYCAR SERIES @IndyCar]

Streets are closed ⛔️

D.C. is now a racetrack! 🟢

[Lamone @LamoneDaSleeze]

When I say please excuse the mess when my house is spotless

[Diligent Plane @DiligentPlane]

Tim Cook kissing the ring of $MU

[Ms. Liz @lizkhalifa]

$MU can you go up tomorrow please

[DestinyFX @destined4life_]

😂😂😂

[greg @greg16676935420]

Bitcoin is up
Stocks are up
Cancer is cured
The sun is shining

Todays gonna be a great day

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Nvidia $NVDA is backing OpenAI’s Ohio AI campus with a $1.5B investment in SB Energy and support for an initial 4.25GW of AI infrastructure at the PORTS-Pike campus. The project includes an option to expand to the full 8GW. SB Energy will build and operate the site under a 20-year OpenAI lease, with capacity coming online in phases starting in 2028. SB Energy and SoftBank also plan at least 10GW of new power generation and $4.2B of regional grid investment tied to the buildout.

2. Anthropic’s revenue run rate has reportedly surged ahead of its IPO, rising to more than $65B in July 2026 from $47B in May and $9B at the end of 2025. The company also posted over $11.5B in preliminary revenue for its latest completed quarter, up from $787M a year ago, while generating positive adjusted operating income. Anthropic has confidentially filed to go public and could debut on Wall Street as soon as this fall.

3. U.S. interest expense on the national debt has reached a record $1.4 trillion over the last 12 months, with debt-servicing costs nearly tripling since 2020. If rates stay near current levels, interest payments are projected to rise to $1.7 trillion by November 2028, putting them on pace to overtake Social Security as the government’s largest expense for the first time. The move comes as the 30-year yield hits its highest level since 2007, while the 10-year Treasury yield has crossed 4.7%.

4. Evercore ISI’s Julian Emanuel says the $SPY S&P 500 could reach 9,000 over the next 12 months, while maintaining a 7,750 base-case target. He argues the usual bull-market killers — recession, sharply higher long-term yields, and extreme investor chasing — still have not shown up. At the same time, 121 S&P 500 stocks now have negative beta to the index, the highest number since the 2000–2001 dot-com unwind, highlighting how unusual market internals have become.

5. Fabrinet $FN reported Q4’26 revenue of $1.32B, beating estimates of $1.27B and up 45% YoY. Adjusted EPS came in at $4.10 versus $3.82 expected, up 55% YoY, while operating income was $134.25M and net income reached $139.3M. For Q1, Fabrinet guided revenue to $1.38B–$1.43B, ahead of estimates of $1.32B, with adjusted EPS of $4.10–$4.25 versus $3.96 expected. Management said the company delivered record quarterly revenue above its guidance range and remains optimistic about the strength of the business and durability of its growth trends.

6. The top 10 most active options today by contracts traded were $NVDA with 2.8M contracts, $TSLA with 2.1M contracts, $MU with 1.3M contracts, $SPCX with 1.1M contracts, $AAPL with 1.0M contracts, $AMZN with 980K contracts, $META with 964K contracts, $MSFT with 849K contracts, $INTC with 751K contracts, and $AMD with 572K contracts.

7. AI video startup Higgsfield raised a $400M Series B at a $5.4B valuation, with investors including Goldman Sachs, Intel, and DST Global. The 2-year-old company’s annualized revenue reached $700M in August, up from just $20M a year ago, while its user base has grown to more than 30M across 238 countries and territories. Most revenue now comes from businesses using Higgsfield’s AI tools to create marketing content.

8. Tesla $TSLA is reportedly preparing to launch its purpose-built Cybercab in Austin as soon as this month, according to The Information. The two-seat robotaxi has no steering wheel or pedals, with Tesla planning to start with employee rides on public roads before adding Cybercabs to its Austin Robotaxi service days later. Tesla began Cybercab production in Texas last month and is continuing testing while training local first responders ahead of the rollout.

9. Uber $UBER is investing in Zipline as the companies expand drone delivery for Uber Eats. The goal is to reach 1M drone deliveries per day by the end of 2029, with Uber expecting drones to enable faster deliveries over longer distances. The company sees drone delivery becoming a meaningful growth driver for Eats as it pushes deeper into autonomous logistics.

10. China’s credit data weakened sharply in July, with net new loans falling by $50.4B, only the third monthly decline this century and more than 3x worse than expected. Lending to the real economy was even weaker, with net repayments of $87.5B, the largest monthly drop in records going back to 2002. While aggregate financing still rose by $207.7B, nearly all of the increase came from $192.9B in government bond issuance rather than private-sector borrowing, pointing to soft corporate investment, weak household demand, and continued pressure in property.

11. Morgan Stanley sees Amazon $AMZN with a bull-case path to $500/share by year-end 2027, driven by AWS potentially scaling toward $1T in annual revenue over the next 8–10 years. Analyst Brian Nowak says that scenario could support roughly $500B of company-wide EBIT, while the firm’s base-case price target remains $335. Morgan Stanley argues Amazon’s $1T AWS vision reinforces the size and ROIC of the AI infrastructure opportunity, with AWS currently around $170B annualized and management seeing AI margins and returns tracking similarly, or even slightly ahead, of where core AWS was at the same stage. The key constraint remains compute capacity, with Morgan Stanley estimating Amazon can bring on 6–8GW of compute capacity in 2026/2027 and potentially add around 8GW per year going forward if execution continues at pace.

12. UBS expects Nvidia $NVDA to beat FQ2 revenue estimates by roughly $3B–$4B, with revenue reaching around $94B–$95B. For FQ3, UBS sees guidance in the $107B–$108B range and believes revenue could ultimately exceed $110B. Analyst Timothy Arcuri says Blackwell demand remains stable, while Rubin units are starting to layer in ahead of a bigger FQ4 step-up as Rubin sell-in accelerates toward roughly 500,000 GPU units per month and Blackwell begins winding down. UBS argues the numbers matter more than the AI infrastructure narrative, and expects investors to gain more confidence in a path toward $15+ EPS in C2027 and $20 EPS in C2028. The firm also says memory-driven capex inflation means compute supply is still falling short of demand, which could support another major backlog step-up on the earnings call.

WALL STREET IS THE GREATEST SHOW ON EARTH.