Largest U.S. debut ever by a foreign company… Every AI model depends on two critical pieces of hardware. → The processor does the thinking. → The memory keeps feeding the processor the data it needs to think. If that flow slows down, even the world’s fastest AI chip spends more time waiting than computing. That’s why high-bandwidth memory—better known as HBM—has become one of the most valuable technologies in AI. One company produces more than half of it. And today, SK Hynix raised $26.5 billion in the largest U.S. market debut ever by a foreign company, surpassing Alibaba’s...

After 26 years of self-funding… For more than two decades, Blue Origin operated differently from almost every major technology company. → No venture capital rounds.→ No IPO.→ No outside shareholders. Jeff Bezos funded the company himself—investing an estimated $28 billion from sales of Amazon stock while keeping complete control of the business. Today, Blue Origin announced its first-ever external funding round, raising $10 billion at a $130 billion valuation. Here is the story. ⇩ SPONSOR BREAK presented by MarketWise* “Biggest Breakthrough in the History of Stock Trading” A...

Ownership by Default. One of today’s biggest SpaceX developments happened inside millions of retirement accounts. As SpaceX officially joined the Nasdaq-100, index funds that track the benchmark became automatic buyers. That means many investors now own a small piece of SpaceX without ever placing a trade. And…the stock still fell 6.83% (again). Then came the second headline. Morgan Stanley initiated coverage with a $300 price target—the highest among major Wall Street banks—implying nearly 90% upside from Monday’s close. One story is about ownership. The other is about expectations. Together,...

SpaceX joined the Nasdaq 100. → Billions of dollars were forced to buy. One of SpaceX’s biggest scheduled catalysts finally arrived today. The company officially joined the Nasdaq 100, triggering an estimated $4.3 billion of automatic buying from index funds required to own the stock. Yet despite that guaranteed demand, SpaceX fell 3.4% (from Friday’s close). At first glance, that doesn’t make much sense. Until you look at the float. Here is why — and why the float math is the number that matters most between now and December. ⇩ SPONSOR BREAK presented by BrownstoneResearch* What...

American Lesson. The biggest market lesson in American history didn’t begin with a stock. It began with a tax. Long before Wall Street became the world’s financial capital, a dispute over trade, taxation, and economic freedom helped shape America as a nation. For centuries, wealth had largely been viewed as something governments controlled and empires accumulated. The events of 1776 began to turn that thinking on its head. → America’s founders argued for political freedom – Power doesn’t flow from the government to the people. It flows from the people to the...

American Lesson. The biggest market lesson in American history didn’t begin with a stock. It began with a tax. Long before Wall Street became the world’s financial capital, a dispute over trade, taxation, and economic freedom helped shape America as a nation. For centuries, wealth had largely been viewed as something governments controlled and empires accumulated. The events of 1776 began to turn that thinking on its head. → America’s founders argued for political freedom – Power doesn’t flow from the government to the people. It flows from the people to the...

Lost in the Headlines. → Did Tesla’s delivery report coincided with the jobs report? Yes — both dropped July 2. → Did Tesla’s news dominate coverage that day? Also yes, based on what we built yesterday. Gold barely made the news. While Tesla captured the headlines, the jobs report quietly reshaped expectations for the Federal Reserve. The odds of a September rate hike fell sharply, Treasury yields moved lower, and gold continued its advance. Before the closing bell, here’s the story many investors may have overlooked.⇩ SPONSOR BREAK presented by BrownstoneResearch* Forget...