Key Points After months of speculation, the SpaceX IPO is finally upon us. On June 12, the company intends to go public at a $1.77 trillion valuation, raising as much as $75 billion in capital. If that valuation is reached, the company would be worth more than Tesla — another Musk-led business — from its…
Key Points Apple dropped 3.8% after unveiling Siri AI at its developer conference, on track for its worst day since February. The iShares Semiconductor ETF fell 8.6%, erasing Monday’s rebound and then some. SpaceX goes public Friday in what’s expected to be the largest IPO ever, with OpenAI and Anthropic filings close behind. 10 stocks…
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares 20+ Year Treasury Bond ETF, where 28,700,000 units were destroyed, or a 5.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was…
Key Points When it comes to Tesla (NASDAQ: TSLA), J.P. Morgan has long been one of the most bearish investment firms on Wall Street. However, that recently changed when it switched coverage to a new analyst and upgraded the stock. With Rajat Gupta taking over for vocal Tesla bear Ryan Brinkman, the new analyst took…
Key Points Form 13Fs allow investors to track which stocks Wall Street’s savviest fund managers purchased and sold in the latest quarter. Billionaire investors often gravitate to industry leaders with well-defined competitive advantages. Additionally, billionaire money managers are aggressively investing in companies reliant on AI for future growth. 10 stocks we like better than Amazon…
Key Points SpaceX’s June 12 IPO could raise $75 billion and value the company at $1.8 trillion, making it potentially the largest public offering in history. Starlink is SpaceX’s real moneymaker, generating $11.4 billion in revenue and $1.2 billion in profit, while the space launch business and xAI remain unprofitable. At its current extreme valuation,…
Key Points The Nasdaq altered its rules to fast-track megacap IPOs into the Nasdaq-100 index. Weightings of the Nasdaq-100 are based on the valuation of a company’s free-float shares, not total market cap. SpaceX is likely to account for less than 1% of the Nasdaq-100. 10 stocks we like better than Invesco NASDAQ 100 ETF…
Key Points With the SpaceX initial public offering (IPO) just days away, it’s critical for every potential investor to review the company’s IPO prospectus. In this 370 page report, a few critical details are revealed. Arguably, the most important figures to understand are SpaceX’s claimed total addressable market, or TAM. “We believe we have identified…
Key Points On Monday, Amazon (NASDAQ: AMZN) handed an old-line glassmaker one of its biggest endorsements yet in the AI build-out. The cloud and e-commerce giant announced a multiyear, multibillion-dollar agreement to buy the optical fiber and connectivity that will wire its expanding U.S. data centers from Corning (NYSE: GLW) — a deal expected to…
Key Points Nvidia seems to have made a solid start in the central processing unit (CPU) market. The company anticipates strong revenue from sales of its server CPUs this year and has announced that it is moving into the client CPU market as well. The share of Arm-based CPUs that Nvidia is designing is poised…