The older I get, the more I realize that the freedoms I get to enjoy in this country are only because of people who gave up their lives in order to create the possibility for future generations to experience freedom.

Deeply proud to be an American and dedicated to making sure I never forget why I even get to have a chance to pursue the American dream 🇺🇸

cannot express how much I love $TSLA FSD.

just took a 25 min drive in the rain without any worries or fears about knowing how I was going to get to where I was going.

legit the best AI product on planet earth.

only thing I wish was available is the ability for me to be on my phone but I know that’s eventually coming.

we get to live in a time where CARS are driving themselves and making their own decisions in the POURING rain, it is just crazy 😆

joined space mob at $86 a few weeks ago and happy I joined but people gave @spacanpanman way too much hate because the stock fell from $85 to $60

as if growth stocks don’t experience…oh I don’t know…10-20% swings normally

originally bought it as a trade before the Blue Origin launch a few weeks ago because of @AceCrouton (who just hit $1M port!) but am deciding to continue holding as we see the SpaceX IPO coming up soon which should be a catalyst (and to an extent has been already) for space names

just really hated to see Anpanman getting that much hate because a growth stock went down…we all just have to be nicer humans 😆

back to $100 for Sp🅰️ceMob 🚀

Warsh officially becomes the new Fed Chair.

Waller, one of the biggest doves on the Fed, officially comes out today and says you are crazy to think a cut would be on the table.

Fed Futures now pricing in an October hike.

Small caps catching a bid today. S&P ATH. Nvidia down after earnings.

Earnings continue to be incredibly strong even with high inflation.

Either summer is going to be taking a breather and give a meaningful dip or we just keep ripping and tbh, if we were to get a bad dip, now that the AI story has become so obvious, most people would buy that dip…which is why we might not get one.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Anthropic is reportedly in early talks to rent Azure servers powered by Microsoft’s $MSFT Maia AI chips, per The Information. The move would further deepen Microsoft’s relationship with Anthropic, after Microsoft pledged up to $5B to the company, Anthropic committed $30B in Azure spending, and Microsoft began reselling Claude through Azure. The chip angle matters because Maia is being positioned as a lower-cost option than Nvidia’s $NVDA GPUs for certain inference workloads, rather than a replacement for frontier AI training. Anthropic already uses chips from Amazon $AMZN, Google $GOOGL, and Nvidia $NVDA, and Microsoft now wants Maia to become part of that mix.

2. Nvidia $NVDA PT's were raised across the street with the highest of $500 at Baird. The firm says Nvidia continues gaining market share in AI inferencing and across hyperscalers, while adoption of the upcoming Vera Rubin platform at frontier model companies is expected to exceed that of Blackwell. Baird also believes Vera’s standalone performance could significantly outperform traditional x86 CPUs, opening an additional $200B TAM opportunity for Nvidia, which already has visibility into nearly $20B in CPU revenue this year alone. Looking ahead, the firm expects annual AI infrastructure spending to grow from over $1T in 2027 to roughly $3–4T by 2030 as agentic AI proliferates across industries, while reiterating Nvidia as one of its top investment ideas.

3. U.S. initial jobless claims came in at 209,000, slightly below expectations of 210,000, signaling the labor market remains relatively stable.

4. OpenAI reportedly generated about $5.7B in Q1 revenue, roughly $1B ahead of Anthropic, per The Information. Anthropic could narrow that gap quickly, with its recent annualized revenue reportedly nearing $45B compared to OpenAI’s $25B annualized run rate in February. Anthropic is also projecting nearly $11B in Q2 revenue and about $600M in operating profit. OpenAI’s Q2 outlook was not reported, but The Information said growth has been supported by Codex, enterprise sales, ad tests, GPT-5.5, and image generation.

5. Walmart $WMT reported earnings this morning, with EPS of $0.66 coming in line with expectations and revenue of $177.8B beating estimates of $175B. Despite the revenue beat, the stock fell 7% after the company lowered guidance and warned it would raise prices on certain consumer goods.

6. Starbucks $SBUX has reportedly retired a worker-facing AI tool designed to automate inventory counts and help address product shortages, according to Reuters. The program was shut down this week, just nine months after being rolled out across North American stores.

7. A reported draft agreement between the U.S. and Iran has reportedly been reached through Pakistan-mediated talks, with an official announcement expected within hours. The deal is said to include an immediate comprehensive ceasefire across all fronts, along with commitments from both sides not to target infrastructure. The agreement would also guarantee freedom of navigation through the Persian Gulf and Strait of Hormuz under a joint monitoring mechanism. In exchange for Iran’s compliance, sanctions would reportedly be gradually lifted, while negotiations on unresolved issues are expected to begin within seven days.

8. $AMD AMD announced more than $10B in investments across Taiwan’s ecosystem to expand advanced packaging capacity and accelerate next-generation AI infrastructure deployments. The company highlighted products ranging from its 6th Gen EPYC CPUs, codenamed “Venice,” to its Helios rack-scale AI platform featuring Instinct MI450X GPUs, with multi-gigawatt deployments expected to begin in the second half of 2026. AMD also said it reached another key production milestone with TSMC, as Venice EPYC CPUs are now ramping on TSMC’s 2nm process technology in Taiwan, with future plans to expand production to TSMC’s Arizona fabrication facilities.

9. The U.S. is preparing to award $2B to nine quantum companies through the CHIPS and Science Act while also taking minority equity stakes. IBM is expected to receive $1B, GlobalFoundries $375M, and other recipients including $QBTS D-Wave, $RGTI Rigetti, $INFQ Infleqtion, Atom Computing, PsiQuantum, and Quantinuum are expected to receive $100M each. Diraq is expected to receive $38M. The deals would combine grants with government equity stakes, though they still need to be finalized.

10. The Pentagon is testing AI models from OpenAI, Google, and others as it looks for alternatives to Anthropic’s Claude, per Bloomberg. The tests began in March with 25 heavy users of the Defense Department’s AI tools across five military theater commands. The move follows Defense Secretary Pete Hegseth designating Anthropic as a supply-chain risk over its model guardrails, a designation Anthropic is now challenging in court. Claude is currently used heavily in the Pentagon’s Maven Smart System, including classified operations.

11. Oura, the maker of the popular smart ring, has reportedly filed confidentially for an IPO and plans to go public later this year, per Bloomberg. The company’s growth is the main story: revenue is expected to reach $1.5B in 2026, up from $500M in 2024, while total rings sold have climbed to 5.5M from 2.5M in mid-2024. Oura was last valued at $11B.

12. A Bank of America survey shows investors are increasingly worried the Federal Reserve may need to raise interest rates again. According to the survey, 14% of investors believe conditions for a hike are already in place, while 38% think the Fed would tighten policy if core inflation rises to 3.5%–4%, regardless of labor market strength. Overall, more than half of respondents see rate hikes as possible under certain inflation scenarios, reflecting renewed concern about persistent inflation pressure.

I will also be launching a product tomorrow morning at 10AM EST that I think many retail investors will enjoy. 100% free. See you then!

WALL STREET IS THE GREATEST SHOW ON EARTH.

BREAKING: There is now a reported draft of a U.S.-Iran agreement reached via Pakistan mediation and an announcement is expected within hours

- Deal reportedly includes an immediate comprehensive ceasefire across all fronts.

- Parties would agree not to target infrastructure, while freedom of navigation in the Persian Gulf and Strait of Hormuz would be guaranteed under a joint monitoring mechanism.

- Sanctions would be gradually lifted in exchange for Iran’s compliance, with talks on unresolved issues set to begin within seven days.

So, we've seen things like this before...maybe this one is more legitimate because of the Pakistanis being involved along with the fact that Trump canceled his AI executive order signing ceremony today...oil just fell below $100 so if this is true, we'd probably be finding out soon.

is everyone okay with realizing that you don’t have to be in every single stock that goes up and you definitely don’t need to sell your losers and chase a winner every other day?

like if you are in a name that had a great 2025 and is having a bad 2026…you realize you don’t have to dump it and buy the name that went up 40x in a year right?

are we all also okay with realizing that complaining about your name being stuck and some other name going up means you are a just someone who has no conviction because you 1) cant cut the loser 2) don’t have the balls to buy the name that is moving which means all you are basically doing is yelling at a brick wall?

like if you didn’t want to buy any names that dipped last few days…why are you complaining about them being up today?

if you can’t handle your 10x from 2024 beginning to consolidate in 2026 (which is maybe healthy) without thinking it’s an opportunity cost then why are you upset if the name you chased is going down 10% in a day? didn’t you want volatility?

it’s almost like everyone decided they can become a hedgefund manager and make a change to their portfolio every single day and not actually have a thesis to a company and let it play out (through the good and bad) and as a result have decided to complain about every single market move

it’s just not healthy, either DCA into the names you believe in or sell them and go chase the winners but the complaining daily is becoming laughable when investing is, and has always been, a long term game

The Trump-Xi Summit honestly feels like they got nothing even remotely important accomplished.

- China will buy more Boeing Jets...okay, they do that every few years.

- China will buy more beef...thanks. Especially because they are just buying what they stopped buying a while ago.

- China will join the US to denounce North Korea being a nuclear powerhouse...lol, yes because China and the US both are going to try to seriously get NK to give up nukes. Makes sense.

The point of the summit, from my understanding, was for Trump to get Xi to convince Iran to stop the BS and sign a deal.

From all reports, Xi not only laughed at the US proposal, but he gave a counter proposal that Trump said hated, going as far to say that he "couldn't get through the first line of it."

In fact, the CCP only really wanted to talk about Taiwan, which obviously the US does NOT want to discuss.

Bond yields are *literally* exploding up, pacing their Feb 2025 highs because the escalation from Trump over the weekend and the lack of any progress with China makes the market think inflation will once again be the biggest issue this year as CPI and PPI are the hottest since 2022 and oil continues to be over $100.

Now, the market doesn't really care...because semiconductors continue to provide all the earnings growth...but I wonder if the market does start to care soon.

Just doesn't seem like we resolved anything with Iran in any meaningful way over the past week but hoping the ceasefire stays in place and military escalation isn't on the table.

BERKSHIRE HATHAWAY OPENS NEW POSITIONS IN $DAL DELTA AIRLINES AND $M MACYS.

They added very heavily to their $GOOGL position as well by increasing it by 200%.

Some pretty incredible moves being disclosed...looks like Berkshire thinks the consumer story around retail is overblown and that oil prices will come down to help airlines...also seems like they are doubling down on their Google position.

SPACEX UPDATES:

- Ticker will be $SPCX

- IPO coming likely June 12th

- Company is focused on expanding retail coverage to international brokerages, not just US based ones

- Looking to raise $80B at around a $2T valuation

Are you a buyer?

I think many other names will be proxies and we are already seeing this with momentum in names like $RKLB.

It’s going to be a historic IPO, question will be where the liquidity comes for it…

So Ackman buys Microsoft…

I know the picks and shovels plays of the AI buildout are getting all the attention, but it does feel like you could open a brokerage account…

Buy $META and $MSFT…

And just not look at it for the next few years and be fine.

These companies are trading at historic discounts due to “Meta cannot do anything other than Ads” and “Microsoft is a software play so software should go down.”

They will not provide the same short term alpha but these are two of the greatest companies on the planet…doesn’t feel that scary taking a shot on them here.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. $CBRS Cerebras opened about 75% above its expected IPO price of $185, giving the AI chip company a roughly $100B market cap despite generating $585M in revenue last year. Ark Invest also bought 105,616 shares just one day after the IPO, adding more attention to the name. The momentum is set to continue with LeverageShares launching a 2x leveraged Cerebras ETF tomorrow morning.

2. President Trump submitted his latest stock purchase and sale disclosures to the White House Office of Ethics, with the filing reportedly spanning more than 100 pages and including thousands of trades. The disclosure is notable because it shows a sitting president actively trading individual securities rather than only holding assets like corporate debt, index funds, or Treasuries. Some of the names listed as purchases include $PLTR, $HOOD, $NVDA, $SOFI, $MSFT, $AAPL, $DIS, $V, $ULTA, $JPM, $COIN, $LYFT, $AMZN, and $RKLB.

3. The U.S. has approved around 10 Chinese companies to purchase Nvidia’s $NVDA H200, the company’s second-most powerful AI chip. Nvidia hit an all time high at $240 today.

4.Figure AI has been livestreaming its humanoid robots performing real warehouse-style package sorting tasks using its Helix-02 AI system. The robots pick up, scan, rotate, and place packages onto conveyor belts autonomously while operating for extremely long periods, including a reported 24/7 run after initially targeting an 8-hour shift. The livestream is meant to prove that humanoid robots can handle repetitive labor reliably and economically, rather than just perform flashy demos. Many viewers see it as one of the first convincing demonstrations of commercially viable humanoid labor, especially for warehouses and logistics. The robot has so far dealt with 34K packages live and has reached parity with a human worker that can do 3 every second.

5. The most traded stocks in the options market today were $NVDA with 5.0M contracts, $TSLA with 2.5M, $NOK with 889K, $F with 860K, $ONDS with 849K, $INTC with 814K, $AAPL with 752K, $MSFT with 736K, $MSTR with 670K, and $MU with 644K.

6. Semiconductor leverage flows surged, with $SOXL, the 3x long semiconductor ETF, taking in a record $1.03B on Tuesday. At the same time, $SOXS, the 3x short semiconductor ETF, saw $230M of outflows, its largest daily withdrawal since late March. $TQQQ also added $161M, its biggest inflow since March 31, but $SOXL inflows were more than 6x larger as traders concentrated bullish exposure in semiconductors. Since the March 30 bottom, $SOXL is up 354%, its strongest 31-day gain since launching in 2010, while the $SOX semiconductor index is up 68%, its third-best 31-day run on record.

7. Retail investors are buying stocks at one of the fastest paces in years. Year-to-date retail equity inflows are ahead of every comparable period over the last seven years except 2021, and after slowing briefly in March, retail buying jumped sharply in April. The week ending May 1 ranked in the top 2% of weekly retail inflows since 2019, and at the current pace, individual investor purchases could surpass the 2021 record as soon as July. Retail options activity is also elevated, with average daily volume now at 1.57x January 2024 levels, the highest since the October 2025 peak.

8. SpaceX could release its IPO prospectus as soon as next week, according to CNBC, after confidentially filing in April. The company’s roadshow is expected to start June 8, with SpaceX reportedly targeting one of the largest public offerings ever following its merger with xAI at a combined $1.25T valuation. The IPO could raise around $70B-$75B, which would be more than twice the size of Saudi Aramco’s record 2019 listing.

9. AI data center demand is putting pressure on power costs across PJM, the largest U.S. grid, which serves 67M people across 13 states and Washington, D.C. Wholesale power prices averaged $136.53/MWh in Q1 2026, up 75.5% from $77.78/MWh a year ago. Capacity costs rose 398.1% year-over-year, while congestion costs increased 300.4% to $2B.

10. Tech layoffs have now passed 100,000 in 2026, with TNW reporting cuts across roughly 250 events this year. LinkedIn is reducing headcount by about 5% despite 12% revenue growth, while Cloudflare is cutting more than 1,100 roles, or about 20% of its workforce. AI is becoming a major driver of the reset, with Challenger citing it as the top reason for job cuts in both March and April and linking AI to 49,135 announced layoffs so far this year.

11. President Trump said President Xi told him China will not supply military equipment to Iran and supports a peace agreement. Trump also said Xi offered to help mediate the situation and work toward reopening the Strait of Hormuz, a critical shipping route for global oil flows.

12. The CLARITY Act advanced out of the Senate Banking Committee today in a 15-9 bipartisan vote. The bill would create clearer federal rules for crypto, including when tokens are treated as securities versus commodities. Crypto stocks rallied on the news, including Coinbase, as investors viewed it as a major step toward regulatory certainty. The bill still is not law and needs full Senate approval, House reconciliation, and final passage. The main fights now are over stablecoin rewards, anti-money-laundering rules, and ethics concerns tied to political figures profiting from crypto. $BTC Bitcoin passed $81,000.

WALL STREET IS THE GREATEST SHOW ON EARTH.

PRESIDENT TRUMP JUST SUBMITTED HIS STOCK PURCHASES/SALES TO THE WHITE HOUSE OFFICE OF ETHICS.

The document is over 100 pages and has thousands of trades.

This is one of the first times we've seen a sitting President actively trade securities and not just sit in corporate debt, index funds, or treasuries.

Here are some of the names that Trump bought:

$PLTR, $HOOD, $NVDA, $SOFI, $MSFT, $AAPL, $DIS, $V, $ULTA, $JPM, $COIN, $LYFT, $AMZN.