The market is clearly no longer willing to reward stupid capex spending on massively overpriced commodities like memory chips. 

..."meh"

Final vote: 216-212

Revenue came in at $28.2 billion, which was 28% higher than last year (well above expectations of $26.4 billion)...

...and the average American has no clue...

Trump says will hit Iranian bridges/power if Iran shoots at a ship in Hormuz; Iran threatens attacks on energy infrastructure if its bridges/power are hit; BoJ is said to be open to a hike faster than every six months; EIA crude stocks show surprise build, however, SPR draws continue; Mixed UK inflation; GEV earnings miss; AMD and Anthropic sign chip deal; OpenAI reportedly raises projected cloud spend; Qatar Energy reportedly preparing to extend LNG force majeure into October; Weak US 20yr bond auction; Trump admin weighing military action in Mali.

Viral daycare fraud videos triggered a funding freeze on five blue states, but now, activists want to know who in HHS was talking...

...an “unprecedented cyber incident”... a more capable unreleased model, escaped its testing environment and hacked AI startup Hugging Face last week to cheat on a test meant to measure their capabilities..

...both the character of the market AND the structure of the market have shifted.

The market will be watching two things above all else:  capex guidance and monetization language... the debate has shifted from "how big is capex" to "who proves monetization and returns."

Power is the new semiconductor.

The Roundhill Video Games ETF is down about 14.8% YTD.

Raising rates in response to an external energy shock is akin to raising taxes to reduce rainfall...

It’s a common-factor risk stock correlation is singularly unpriced for...

The proposed 6 month reporting period for public companies is a unconscionable idea...

The Tactical SOX Trade.

Pro was held back after falling short of Google's internal targets, particularly on coding...

Scores of empty homes and collapsing buildings on a former Navy base in Alaska receive tax-funded internet access, an investigation by local reporters found...

The twin AI trends of token optimization and a share shift to cheaper open models (Chinese or otherwise) are dominating investors' thoughts over the last several weeks... here's what the AI-natives are saying...

Has Wall Street become too bearish on America's biggest cash machines? Hedge funds have cut exposure aggressively, dealers are short gamma, and expectations have been reset just as earnings season begins. Here's why the pain trade may be higher.