#Marvell beat expectations. AI data-center demand is strong. Guidance was solid. And the stock sold off anyway. This is the new rule for AI stocks.

The S&P 500 is at record highs. Goldman now sees 8,000. That sounds like a simple bull-market headline. But the real story is deeper: This market is asking investors to believe earnings can catch up to valuations.

SpaceX isn’t “just another IPO.” It’s lining up to raise tens of billions at a valuation that could top $1.7T – eclipsing even Aramco’s record debut and rewriting the playbook for late‑cycle growth and AI exposure. If $SPACEX absorbs that much liquidity, which high‑beta names get quietly derated to fund it?

OpenAI is still “private”… with a valuation bigger than almost every S&P 500 stock. Roughly $122B raised, around $852B in value, and now preparing to file for an IPO. Once $OPAI trades, investors won’t need $NVDA or $MSFT as proxy bets. Which current AI winners get repriced when the real thing hits the tape?

The most important AI story today might not be $NVDA. It might be a utility deal. $NEE buying $D shows where the next phase of the AI trade is going: From chips to electricity.

UniCredit bid for Commerzbank. Commerzbank said no. Here's what the math actually looks like 🧵

The jury in the Elon #Musk vs OpenAI trial has found Sam Altman, co-founder Greg Brockman and #OpenAI not liable on all claims.

🇺🇸 President #Trump will swear in Kevin Warsh as the next chairman of the United States Federal Reserve on Friday - CNBC

$ETH price action is dead. Exchange reserves just broke multi-year lows (<9%). Retail is capitulating on boredom. Smart money is sweeping the floor before the re-staking lockup. Price is lagging. Supply shock is loading. Fade the apathy.