Investing
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How Michael Saylor’s preferred stock gamble could trigger a death spiral for Strategy
By late last week, the sudden drop in Bitcoin’s price was crushing shares of Strategy, controlled by the signature crypto currency’s most famous champion and beneficiary, Michael Saylor. What’s gone mainly unnoticed: Strategy’s still selling at a big premium to the underlying value of its assets, almost entirely parked in Bitcoin, less the multiple-billions it…
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The AI trade’s worst day in a year became a buying opportunity by Monday
On Friday, the Nasdaq had its worst session in a year. By Monday it all seemed like a bad dream. The chipmakers that had their worst session since 2020 on Friday (Micron, Broadcom) were Monday’s best performers, up 6.5% by midday. Wall Street appears to consider Friday as a welcome easing off of a record-setting…
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How retail investors can participate in the SpaceX IPO
Elon Musk has long courted retail investors, and he’s giving them a chance to buy SpaceX stock when the company issues shares for the initial public offering. The rocket and satellite company plans to raise at least $75 billion in its IPO by selling over 555 million shares at $135 a piece, valuing the company…
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‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis
The Nasdaq’s sudden lurch lower on Friday looked like a crack in a story that had seemed, until recently, almost bulletproof—the story that artificial intelligence is not merely a useful tool but a civilizational force, the kind of technological leap that justifies paying 1999 prices for 1999-style dreams. Tech stocks led the worst market sell‑off…
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Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos
Investors should buckle up for a bumpy ride as multiple risks have suddenly converged to test what looked like an unstoppable stock rally. In just the last few days, the Iran war started heating up again, the AI boom showed signs of a bubble about to burst, and strong jobs data made rate hikes from…
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SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
The largest initial public offering ever is just days away, and demand for SpaceX stock is expected to be extremely high, with Wall Street clamoring to buy Elon Musk’s rocket and satellite company. The flip side of all that buying is plenty of selling as investors need to raise cash for stock purchases by liquidating…
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SpaceX and other mega IPOs may wait years to join the S&P 500
Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable. S&P Dow Jones Indices’ index committee declined to remove a rule that companies generate positive net income for…
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Marvell Technology, Flex to join S&P 500 later this month
Marvell Technology Inc. and Flex Ltd. will join the S&P 500 in the latest quarterly rebalance, S&P Dow Jones Indices said Friday. The semiconductor company and the electronics manufacturing firm, respectively, will replace Pool Corp. and The Campbell’s Company before the start of trading on June 22, according to the index provider. Marvell in its…
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SpaceX needs to grow 60x in a decade to justify a $1.75 trillion valuation. No company has ever come close
The pending SpaceX IPO is generating lots of buzz by introducing the most valuable enterprise of all time at an expected market cap of $1.75 trillion. Clearly, that gigantic number signals investors’ confidence in the future growth and profitability of AI. But it also sets the bar for what SpaceX must achieve going forward to…
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Markets have worst day since October as tech stocks lead the way down, traders lose hope of rate cut
The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The S&P 500 sank 2.6%, its biggest one-day drop…