Baseten CEO @tuhinone tells Altimeter's @apoorv03 that one of Baseten's cloud providers has already indicated their B200 prices ($/GPU hour) are set to double when existing contracts expire and are up for renewal later this year.
"If you go out right now saying you want a thousand GPUs, truly.. people are talking about Q2 of next year. So 12 months out, maybe 15 months out.
We have a cluster.. in one of these clouds.. of B200s.. Our unit price right now is $2.63 an hour.. that's up for renewal in October. They came to us already in May and said $5.10 is the new price.. So double."
$MU CEO: Memory is the invisible layer powering AI growth.
As AI inference scales, memory demand scales with it—often exponentially. More tokens, larger context windows, and more AI workloads all require greater memory capacity and bandwidth. AI can’t grow without memory growing alongside it.
JUNE 24: Expected to beat EPS and Raise guidance further.
$NVDA $MRVL $ANDK $WDC $MSFT $NBIS $IREN $GOOGL $META $AMZN
Just in:
My channel checks confirm that $IREN will bring building 1 of Horizon 1 online this week.
Final wiring of UPS buildings is expected to be completed by Thursday.
Will the company inform the market with a photo op?
Personal estimates for Horizon 1 delivery:
- Building 2 by mid July
- Building 3 by the end of July
- Horizon 1 as 50MW cluster including network core operational: At or before earnings in first half of August.
Not financial advice.
$IREN shareholders foaming at the mouth for next large scale cloud deals because it is obvious how tight the market is for compute in '26-'27, meanwhile $IREN has the most MW to sell in that timeframe (nearly 400 MW gross at Childress and at least 200 MW IT at Sweetwater).
No idea when a deal's coming, but I do think the quotes below beg the question as to why GPU orders haven't been announced for air cooled GPUs at Childress. Either (i) $NVDA partnership pulls up delivery timeline, (ii) Dell can pre-aggregate GPUs, (iii) customer(s) are bringing their own (both @elonmusk and @mikealfred have noted that Blackwells will be sitting in warehouses by end of this year so there's a non-zero chance that Childress air cooled is at least partially colo so that those GPUs aren't depreciating on a customer's books with no revenue), or (iv) something is going awry in the negotiations that have been "advanced" now for multiple quarters.
I believe deeply in $IREN and @danroberts0101 and will be increasing my exposure this week. I remember the slow pace of $BTC mining expansion in early 2024 before they absolutely ripped it once they got the cadence going at Childress. Feels like the datacenter buildout will do something similar, but until we get an update on Horizon 1, market will continue to discount for execution risk.
Excited for $IREN to headline the @RaiseSummit July 7-9. Personally, I'd prefer to see commercial progress on the large scale deals and/or execution progress on Horizon buildout before seeing $IREN claim the headline position, but global brand recognition matters when you've got over 5 GW to sell of the most in-demand, renewably sourced, strategically located, grid-connected power in the tightest market in history.
~2 months to Aug-26 earnings (90 days from last earnings suggests 8/5 or 8/6 but $IREN's FY ends 6/30 so this year's EC could land later if last year's 8/28/25 date is the anchor).
I continue to believe that the customer(s) will ultimately drive signature timing because channel checks (e.g., quotes below) continually indicate that customers are locking up '26-'27 capacity NOW. But until it happens, market will discount heavily. I'll wait.
The bottleneck $IREN needs to overcome.
Having higher priority on GPUs via Nvidia Partnership will be critical for IREN. Unfortunately, 2026 GPUs are all allocated.
You can see here that used A100/H100/H200s are sold out with a backlog.
$IREN has secured GPUs for 3.7B ARR exiting 2026 but they are all coming later in each quarter.
BREAKING: SpaceX is acquiring Cursor in a $60 billion all-stock deal.
• Cursor is being valued at $60 billion
• Cursor will become a wholly owned SpaceX subsidiary
• Cursor shareholders will receive SpaceX Class A shares
• The exchange ratio will be based on SpaceX’s 7-day average share price before closing
• Subject to regulatory approvals and customary closing conditions
• Expected to close in Q3 2026
Cursor is one of the world’s leading AI coding platforms and one of the fastest-growing software companies. This marks one of the largest AI acquisitions ever and significantly expands SpaceX’s footprint in AI.
Maybe they're investigating you because your finances don't add up? Or because your wife's LLC received the deed to a $9.1 million home a week before the LLC was even created - while you still had your Fair Oaks home? How was that LLC capitalized?
This AI just exposed the BIGGEST legal insider trading operation in America.
A platform called GovGreed built a seven-layer machine learning system that cross-references every stock trade disclosed by every sitting politician against the bills their committees control, the campaign donations they receive, and the companies their votes directly impact.
It scored all 540 politicians currently in Congress. And the numbers are crazy:
56% of every stock purchase made by Congress in the last 16 months was on a stock directly affected by a bill the buyer later voted on. That is 6,170 out of 11,016 total purchases.
More than HALF of all congressional stock buys are on companies whose fate that same politician is about to decide.
343 of 540 Congress members actively trade stocks while holding access to nonpublic legislative information.
That is 63.8% of the entire legislature making market bets with an informational edge that would put any hedge fund manager in prison.
The AI identified 752 active "Triple Signals" in the current Congress. A Triple Signal fires when three conditions line up at once:
The politician sits on the committee controlling a bill, they traded stock in a company affected by that bill, AND they received campaign contributions from that same industry.
Bills carrying these insider indicators pass at 5.4 TIMES the normal rate.
Now look at the individual leaderboard:
- Nancy Pelosi's estimated portfolio sits at $194 million with a Greediness score of 98.1 out of 100
- Ro Khanna made 13,231 trades across 800+ different tickers
- Michael McCaul made 32,302 trades and filed 6,670 of them late
- Thomas Suozzi filed 86.4% of his trades late with an average delay of 396 days, meaning his disclosures landed over a YEAR after he made the trade
And then there is Lisa McClain, the fourth-ranking Republican in the House. She has made 1,443 trades in three years, more than 98% of all politicians tracked.
She violated the STOCK Act twice in a single year, disclosing up to $900,000 in trades months after the legal deadline. Her husband bought up to $250,000 in Elon Musk's xAI, which quietly converted into SpaceX equity before last Friday's $2 trillion IPO.
The penalty for all of this? A $200 fine.
The number of Congress members ever prosecuted under the STOCK Act since it passed in 2012? Zero.
And the cruelest part is this:
A bill to ban congressional stock trading was introduced in January 2026. It has bipartisan support. Over 80% of American voters want it passed.
But Congress is sitting on it, because the people who would have to vote yes are the same people making millions from the system staying exactly the way it is.
They write the insider trading laws, they exempt themselves from enforcement, they trade on the information those laws generate, and when they get caught, they pay a fine that is basically nothing.
The AI didn't discover anything Congress was hiding. It just organized what was already public into a pattern so obvious that nobody can pretend it isn't there anymore.