To The Moon

Tonight, history prints. SPCX begins trading on the Nasdaq at a fixed price of $135 per share, raising $75 billion at a $1.77 trillion valuation. That makes it the largest IPO ever, more than double Saudi Aramco's 2019 record. SpaceX debuts as roughly the seventh-largest US company, bigger than Tesla on day one. The demand numbers are absurd. Over $250 billion in subscriptions locked up. Retail alone contributed $70 billion. Allocation rates expected at just 20 to 30%. Over 1,000 institutions fought for shares. Polymarket estimates the IPO creates roughly 4,000 new millionaires inside the company. Oppenheimer says $190. Morningstar says $63. The gap between those two numbers is the entire story. Let's break it down properly. What You Are Actually Buying This is no longer a rocket company.

Here is the most uncomfortable chart in markets right now. The US and Iran are exchanging strikes. The Strait of Hormuz is disrupted. Oil is above $90. By every textbook, gold should be screaming higher. Instead, gold futures touched an intraday low of $4,047, pressing against the psychologically critical $4,000 level, down roughly 27% from its January all-time high of $5,589. Gold's worst monthly drop since 2008 happened in March, during the most serious Middle East escalation in decades. The safe haven failed exactly when it was supposed to work. So before anyone buys this dip, you need to understand why it failed. Because the answer determines whether $4,000 is a generational entry or a trapdoor. Why the Safe Haven Failed The mechanism is counterintuitive but logical once you see it. Wh

Let's establish what actually happened first. Friday was Wall Street's worst day of the year. The Nasdaq fell 4.2% and the S&P 500 dropped 2.6% after May payrolls came in at 172,000, more than double expectations, raising the probability of a Fed rate hike and triggering the Philadelphia Semiconductor Index's largest single-session decline in months. The trigger was not an earnings miss. Not a product failure. Not a fundamental shift in AI demand. It was a jobs number that spooked rate expectations, and chip stocks happened to be the most crowded trade on the board. MU bore the brunt of it. Then Monday happened. Chip stocks rebounded sharply, led by Marvell and Micron, up almost 9% and 7% respectively. The 3x leveraged chip ETF soared 15.83%. Intel gained 11.19%. NVDA climbed after ann

The World Cup "curse" is real. But it is probably not what you think it is. The data is clear. Over past World Cup tournaments, trading volume in major stock indexes during knockout rounds fell dramatically. In the US, shares changing hands on the S&P 500 dropped more than 18% during match periods. The FTSE 100 saw a nearly 23% decline. Germany's DAX fell 33%. Markets do not crash during the World Cup. They just go quiet. And thin markets amplify volatility in both directions. The 2026 FIFA World Cup kicks off June 11 with France leading implied tournament probability at 16.2%, narrowly ahead of Spain at 16.0%, Portugal at 11.3%, and England at 10.9%. Argentina, the defending champion, sits at 8.8%. Brazil at 8.3%. But forget the football predictions. Here is where the real money moves

$GraniteShares 2x Long MU Daily ETF(MULL)$ While the bubble hasn't burst

Nebius Group jumped 14.65% in a single session on twin pre-market catalysts that fundamentally repriced what the stock is worth. Broad cloud provider price increases on AI GPU services boosted Nebius's revenue outlook, and Nvidia's earnings confirmation of robust sustained AI compute demand removed the last bear argument. One SeekingAlpha analyst called it "the highest-conviction AI bet" on his coverage list. With the stock now trading near $213 and up 143% year-to-date, the question is whether this is a one-time re-rating or a durable profit engine that justifies even higher prices. The 684% Revenue Explosion The core story is simple. Nebius reported Q1 2026 revenue of $399 million, up 684% year over year. The AI Cloud segment specifically grew 841%, now accounting for 98% of total sales.

ARM Holdings has done something extraordinary. In two trading sessions, the British chip designer added 35% to its market value, vaulting from the $175 range to an all-time high of $298. The stock now sits at $304 after-hours, with Bernstein calling for $300 and TD Cowen targeting $265. The catalyst is not a new product launch or an earnings beat. It is something far more powerful: a complete repricing of what ARM means in the age of agentic AI. The question every trader is asking right now is the same one: is this a structural re-rating or a textbook overbought top? The Bernstein Bombshell The trigger was a single research note from Bernstein analyst David Dai. He initiated coverage with an Outperform rating and a $300 price target, forecasting that ARM's sales and profits will increase m

Last Thursday, May 21, the Trump administration quietly redrew the map of American technology. The Department of Commerce signed nine letters of intent to deliver just over $2 billion in CHIPS Act funding to quantum computing firms. But here is what makes this different from every previous federal handout: Washington is not just writing checks. The government is taking equity stakes. Uncle Sam is now a shareholder. The market response was instant and violent. D-Wave Quantum surged 33%. Rigetti Computing jumped 31%. IonQ added 12%. IBM, set to receive the lion's share of $1 billion, rose 12% on the news. Within 48 hours, the entire quantum sector had been re-rated. The Money Trail The funding allocation tells you everything about where Washington thinks the technology is heading. IBM gets $

$Circle Internet Corp.(CRCL)$  

Let's put this in perspective first. SanDisk just reported the most dominant earnings beat in the S&P 500 this quarter. Revenue came in at $5.95 billion against a $4.68 billion consensus, a 27% beat. EPS hit $23.41 against a $14.43 estimate, a 63% beat. Q4 guidance of $7.75 to $8.25 billion in revenue crushed the $6.35 billion Street estimate. Gross margin expanded to 78.4% from 22.5% a year ago. The company launched a $6 billion share buyback. CEO David Goeckeler called it "a fundamental inflection point." The stock fell 7.5% in after-hours trading to around $1,015. So what happened? The Numbers Were Historic Start with the scale of what SanDisk delivered. Revenue of $5.95 billion was up 251% year on year and up 97% sequentially. That is not a typo. Revenue nearly doubled from one qua