The Federal Reserve held rates but signaled possible hikes ahead, and stocks sold off in new chair Kevin Warsh’s first meeting. He scrapped forward guidance and leaned hawkish. The market got the message it did not want.
Days after its record IPO, SpaceX leapfrogged Amazon with a $2.8 trillion valuation, fueled by a plan to build AI infrastructure in orbit. The rest of the market, meanwhile, pulled back.
A $75 billion raise at a $1.75 trillion valuation, 4x oversubscribed, $100 billion in retail orders. SPCX starts trading on Nasdaq today. The catch: you’re buying a company that lost $4.27 billion last quarter.
Nvidia’s CEO touted Marvell from the Computex stage, and the stock ripped 22% premarket. Behind the move sits a $2 billion Nvidia investment and the entire AI capex thesis.