Third Bet This Month… CuspAI closed a $450 million round Monday, pushing its valuation to $2.6 billion — up from $520 million last September. That’s roughly a 5x jump in ten months, for a two-year-old company whose technology has never produced a single molecule good enough to leave the lab. Jeff Bezos backed the round anyway. This is his third headline-making tech bet this month alone. Here’s what happened. ⇩ SPONSOR BREAK presented by MarketWise* 1 Stock to Own by July 31st Get rid of overpriced AI stocks before a scheduled announcement on July 31st threatens to reshuffle...

The Flip Side… ✱ Record earnings. ✱ Then Michael Burry disclosed a short position.✱ Two days later, the stock fell 15%. Earlier this week, we covered Micron’s record quarter: → $41.46 billion in revenue, → 346% year-over-year growth, and → a forward P/E of just 7.4x. It was one of the strongest earnings reports we’ve seen from a major semiconductor company this year. Around the same time, Michael Burry disclosed that he had taken the opposite side of the trade, calling Micron a company that “defines cyclical like no other.” The market quickly reacted. Micron fell...

The Biggest Test Yet… SpaceX briefly fell to $132.75 on Wednesday, marking the first time shares traded below their IPO price. The stock recovered to close at $135.27, but sentiment has clearly cooled after four straight losing sessions. Meanwhile, short sellers are sitting on roughly $3.8 billion in unrealized gains. Now comes the next catalyst. Tonight, SpaceX launches Starship Flight 13—the company’s first Starship mission since going public. Whether the launch succeeds or stumbles, it is likely to shape investor sentiment far more than another ordinary trading day. Here’s...

The Confession… For decades, Warren Buffett stayed away from Alphabet GOOG ( ▲ 3.61% ). This week, he admitted that was a mistake. He also cleared up something investors had been debating since Berkshire first disclosed the position. → The decision to buy Alphabet wasn’t Greg Abel’s.→ It was Buffett’s. Here’s the story.⇩ SPONSOR BREAK presented by MarketWise* Will You Survive the MAR-A-LAGO RESET? Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a...

Fourteen years wait for a stock ticker… General Fusion debuted on the Nasdaq Monday — the first pure-play publicly traded fusion power company. Jeff Bezos made his first investment in General Fusion in 2011. → Fourteen years, → several near-death funding crises, and → one 25% staff layoff later, the company rang the Nasdaq bell Monday as GFUZ ( ▲ 25.09% ) — the first pure-play publicly traded company betting it can commercialize nuclear fusion. The stock popped hard on debut day. The company’s own technology is currently running at less than a tenth of the temperature it needs to...

Fourteen years wait for a stock ticker… General Fusion debuted on the Nasdaq Monday — the first pure-play publicly traded fusion power company. Jeff Bezos made his first investment in General Fusion in 2011. → Fourteen years, → several near-death funding crises, and → one 25% staff layoff later, the company rang the Nasdaq bell Monday as GFUZ ( ▲ 25.09% ) — the first pure-play publicly traded company betting it can commercialize nuclear fusion. The stock popped hard on debut day. The company’s own technology is currently running at less than a tenth of the temperature it needs to...

Unusually relaxed… Wall Street expects one of the strongest earnings seasons in years. And for the first time in a while, the biggest story isn’t just Big Tech. → Analysts are raising estimates across the market, → profits are spreading beyond the Magnificent Seven, and → investors may finally learn whether this year’s rally has real breadth. Here’s the story.⇩ SPONSOR BREAK presented by BrownstoneResearch* Did Elon Musk Just Open America’s Last Retirement Window? Jeff Brown believes by the end of this month, this Elon Musk new AI breakthrough will collide… With...