Pete the Momentum

Momentum investor | AI infrastructure, semis & megatrends | Category-winner strategy | Substack ✍️ | Follow my portfolio live on eToro. @LFC supporter ⚽

[Pasi Havia @PasiHavia]

SpaceX:n dominanssi tapahtui vain muutamassa vuodessa. Hämmästyttävää kun laittaa satelliittien historian kontekstiin.

[Pete the Momentum @thepetri]

Can't say they didn't have it coming.

[Bull Theory @BullTheoryio]

A man working as a welder at SpaceX for $28 an hour has just become a millionaire.

Juan Hernandez, who came from Mexico, welded rockets for SpaceX at $28 an hour.

SpaceX gave him $10,000 in stock when he went full time in 2015, and he bought more with every paycheck for 10 years.

$SPCX is now trading at $167, making his shares worth over $1 million.

[Pete the Momentum @thepetri]

Starship's 5th Flight Test 🚀

Those who made this miracle happen fully deserve today's @SpaceX IPO success!

Easily one of the greatest engineering and technical achievements humanity has ever witnessed 🚀

https://t.co/Li5WB2hPtT

[Katherine Boyle @KTmBoyle]

Never. Give. Up.

[Pete the Momentum @thepetri]

Banning GPU sales to China was a pretty stupid move to start with...and now $NVDA has a work around 👇

"Exclusive-Nvidia begins Vera CPU sales pitch to Chinese clients, sources say"

https://t.co/AlBRDO8NKf

[Pete the Momentum @thepetri]

@Substack All my trades available for free at @eToro

https://t.co/3KLBTCV6xa

[Pete the Momentum @thepetri]

Qualcomm investment thesis
Qualcomm is one of the most overlooked semiconductor leaders in the AI cycle.

While most investors focus on cloud GPUs, the next phase of AI will also happen on-device — inside phones, PCs, cars, wearables and connected machines.

[Pete the Momentum @thepetri]

Same article on @Substack : https://t.co/5SF8eo0LJE

[Pete the Momentum @thepetri]

@JarmoFriman Sinällään mielenkiintoista, että autojen myynti vetää paremmin kuin koskaan aikaisemmin...

Ja SpaceX merger kolkuttelee ovea...vai onko se ongelma markkinan mielestä?

[Pete the Momentum @thepetri]

@The_AI_Investor I think their business is to give short sellers golden opportunities.

[Pete the Momentum @thepetri]

🚀 FOMO IS REAL.

Got access to SpaceX Early Access on @eToro.

For years, SpaceX felt out of reach for retail investors. Now I can finally get exposure to one of the most ambitious companies on the planet.

But the valuation...it's hard to swallow....

[Pete the Momentum @thepetri]

Like a clockwork!

$TSM

[The Future Investors @ftr_investors]

$TSM TSMC reported May 2026 revenue of $13.2B, up 30.1% YoY and 1.5% MoM, thanks to strong demand for AI chips 🚀🤖

Revenue for the first five months of 2026 reached $62.0B, also up 30% YoY, showing that AI chip demand remains very strong 📈

[Jukka Lepikkö @JukkaLepikko]

Teslan FSD parantaa liikenneturvallisuutta.

Se on käytössä nyt jo Hollannissa, Latviassa, Virossa ja Tanskassa.

Suomessa FSD:n käyttö ei ole sallittua.

[Pete the Momentum @thepetri]

$NOK amoung top 10 traded companies globally 😮

Flash from the past! 😁

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. The Nasdaq $QQQ fell as much as 5.3% intraday, marking one of the sharpest intraday drawdowns we’ve seen in years. The last time we came close to that kind of move was just last Friday, and before that, you had to go back to April 2025. Goldman noted that today’s NDX intraday move was the largest in the last three years. However, buyers stepped in aggressively off the lows, and $QQQ finished down 1%. This is the second trading session within 3 days of historic intra-day drawdowns across tech.

2. President Trump today said Iran shot down a U.S. Apache helicopter while it was patrolling over the Strait of Hormuz, with two pilots involved and both reportedly safe and uninjured. He framed the incident as a direct attack on the United States and said the U.S. must respond, raising the risk of escalation in one of the world’s most important oil-shipping corridors.

3. China is preparing a roughly $295B, five-year plan to build a nationwide AI data center network, with much of the infrastructure expected to be operated by state-backed firms. Beijing is also aiming to source 80%+ of key technology domestically, leaning on local suppliers like Huawei, which could further limit opportunities for U.S. chipmakers like $NVDA and $AMD in China’s AI infrastructure buildout.

4. The top 10 most active options today by contracts traded were $NVDA with 3.4M contracts, $TSLA with 2.7M contracts, $AAPL with 1.7M contracts, $MU with 731K contracts, $AMZN with 721K contracts, $MSFT with 716K contracts, $INTC with 629K contracts, $MRVL with 524K contracts, $NOK with 494K contracts, and $PLTR with 493K contracts. Nvidia led options activity with more than 3.4M contracts traded, followed by Tesla at 2.7M and Apple at 1.7M.

5. Anthropic launched Claude Fable 5, its first broadly available Mythos-class model and its most capable general-use Claude model to date. The company also introduced Claude Mythos 5, which runs on the same underlying model but offers fewer restrictions for trusted-access users. Anthropic said Mythos-class traffic will now be retained for 30 days to support safety monitoring.

6. U.S. tech dispersion is getting extreme. Over the past three months, the top 20% of tech stocks have beaten the bottom 20% by roughly 120 percentage points, the second-largest gap on record. The only higher reading came during the Dot-Com Bubble, when the spread peaked around 135 percentage points. This gap has quadrupled over the last year, widening even faster than the 1999–2000 surge. The strongest tech names are up about 110% over the last three months, close to February 2000 levels, while the weakest 20% are down roughly 10%.

7. Robinhood $HOOD reported strong May 2026 monthly metrics, with growth across customers, assets, trading volumes, and interest-earning assets. Funded customers rose to 27.7M, up 110K M/M and 1.76M Y/Y. Total platform assets hit $377B, up 9% M/M and 48% Y/Y. On activity, equity notional volume was $315B, up 27% M/M and 75% Y/Y, while options contracts traded reached 231M, up 3% M/M and 29% Y/Y. Crypto notional volume was $12.2B, up 3% M/M and 4% Y/Y, and event contracts traded surged to 3.9B, up 22% M/M, showing continued momentum in Robinhood’s newer prediction/event contract business.

8. The Social Security retirement trust fund in the US is now projected to run out in 2032, just six years from now, according to the latest trustees report from the Social Security Administration. If Congress does not act before then, only about 78% of scheduled retirement benefits will be payable, meaning roughly one in every four dollars of promised benefits would effectively disappear. Social Security has never missed a payment in its history, but the funding timeline has not improved, putting more pressure on lawmakers to address the shortfall before 2032.

9. Baird reiterated an Outperform rating on $PLTR Palantir with a $200 price target after attending AIPCon 10, saying investors still underappreciate several parts of the story. The firm highlighted Palantir’s expanding partner ecosystem, especially with Accenture, Deloitte, Bain, and Nvidia, which could broaden its reach across major enterprise and regulated-industry customers. Baird also pointed to AI Forward Deployed Engineers as a major productivity unlock, arguing they could help Palantir scale with limited headcount growth. The report emphasized that Palantir’s moat is more than just its codebase, citing nearly two decades of field experience, customer feedback loops, and deep deployment expertise. Baird also said Palantir’s outcome-focused approach is fundamentally different from AI labs and traditional consulting firms, and flagged AI-powered security as a growing opportunity.

10. SpaceX $SPCX told investors it is targeting its first orbital AI compute demonstrations by late 2027, ahead of the “as early as 2028” timeline referenced in its IPO filing, per Reuters. Executives said the early deployments would be demonstrator systems designed to prove the concept before a broader commercial rollout. The first AI satellites are expected to use Nvidia $NVDA chips, with compute power comparable to an Nvidia GB300 rack. SpaceX has also requested approval to launch up to 1 million space-based data-center satellites. Its IPO priced at $135/share, targeting a $1.75T valuation, with trading expected to begin Friday on Nasdaq under $SPCX.

11. Perplexity CEO Aravind Srinivas told CNBC the company still plans to go public in 2028, regardless of how other major AI IPOs like Anthropic, OpenAI, or SpaceX perform in the market. He described SpaceX as a potential “leading indicator” for the coming wave of AI mega-IPOs, while also saying AI spending is starting to shift away from “mindless spending” and toward more cost-efficient models that can deliver the same results at lower prices.

12. In May, 43.6% of Americans said they were financially worse off than a year ago, the highest reading since January 2023. It was also the third straight monthly increase, marking the longest streak of worsening financial sentiment since 2022. For context, this measure peaked at 51.3% in June 2022, while before the pandemic it never topped 20% during the 2017–2019 period. Looking ahead, 36% of U.S. consumers expect to be financially worse off over the next year, the second-highest reading since October 2022 and roughly double the average seen from 2015 to 2019.

WALL STREET IS THE GREATEST SHOW ON EARTH.

[Pete the Momentum @thepetri]

Investing checklist:

$MU pulls back 10%+ 📉

Open broker app 📱

Smash buy on every high-conviction AI hardware name 🎯

Let the market panic give you the premium entry.

@The_AI_Investor

[Dr. Lars Henrik Andersen 🇪🇺 @EUAITaxonomy]

The Siri/EU situation is a regulatory masterpiece.

Apple cannot launch Apple Intelligence in the EU.

Why? Because under the DMA, if Siri gets deep system access, every other AI assistant must get the exact same. Anything less would be unfair competition. A gatekeeper privileging its own service.

So either Siri ships and every Shenzhen startup, Cyprus shell company, and nephew hackathon project gets identical root access to 450 million Europeans’ digital lives or nothing ships.

Apple proposed a “Trusted System Agent”: a security intermediary so third-party assistants get capabilities without ripping the phone wide open.

The EU rejected it.

Magnificent.

Apple’s response: fine, then no developer APIs either. No Apple Intelligence, no third-party integrations, no foundation model access for EU developers. The entire layer simply does not exist on this continent.

Excellent.

This is the path. Why depend on American AI when we can build the entire stack ourselves? A European foundation model, trained on a European GPU cluster, running on a European OS, on a European phone, manufactured in a European fab, powered by European nuclear plants we have spent fifteen years closing.

Estimated time to ship: 2047.

Estimated cost: the GDP of three member states.

Estimated outcome: a chatbot that requires a cookie banner before each response.

Worth it.

In the meantime, European users are protected from Apple processing data Apple already holds by ensuring nobody processes anything at all.

Not a bug. The intended outcome.

Regulatory product design with a sledgehammer, swung with precision.

🇪🇺