Stablecoins just passed #V plus #MA -- $27.6 trillion in 2024 volume. Quiet, dollar-pegged tokens are now the biggest payment rails on earth. The GENIUS Act is law, CLARITY is in the Senate, and clarity is the only thing banks were waiting for. Once passed (late 2025/early 2026) expect: 🧵

The natural resources / metals / mining industry at the foundation of the AI supply chain is on fire. Just look at some of these gains in the last month: #LAC +150% #NEWP +60% #ABAT +60% #NB +55% #HL +40% #UUUU +40% #UROY +35%

Some math estimates from Barclays: - 1 GW AI capacity = $50-60B in total spend - 40GW of AI capacity planned globally right now - Equates to >$2T in planned in AI infrastructure spend The big AI infra players have been falling #NVDA #AVGO #ORCL #TSM #ANET #MU #CRWV

OpenAI expanding cloud compute deal with #CRWV by $6.5B, bringing total deal value to $22.4B. Qatar Investment Authority + #OWL teaming up to build $3B worth of AI datacenters. Nscale secured $1.1B in financing to build AI datacenters a week after announcing a partnership with #NVDA and OpenAI.

HSBC used #IBM Heron quantum processor to drive +34% improvement in predicting how likely a bond will trade at a given price. Welcome to the era of Commercial Quantum. Best way to play it? The Quantum Four: #IONQ #RGTI #QUBT #QBTS

We break down: - Recession in blue-collar sectors - Fed updates & interest rate moves - Is now the time to BTD on #OPEN? - #OKLO & nuclear energy stocks' potential - Quantum computing stocks' rise - Housing stocks - & more

German Defense Minister Boris Pistorius just warned that Russia could one day place nuclear weapons in orbit and urged NATO partners to prepare for conflict in space.

First, #MP. Then, #INTC. Now, #LAC. The White House AI Investment Train rolls on. Who is next??

Every #SPX pullback since April has looked like this: -1.5% to 2.5% pullback from ATHs -Bottomed right around the 20-day moving average I don't think this time will be different. Not enough negative factors to break the pattern.

Daily eco rundown: -GDP revised UP from 3.3% -> 3.8% (above long-term average of 3.3%) -Personal consumption growth revised UP from 1.7% -> 2.5% -Weekly jobless claims down to 218k, lowest since July -Continuing jobless claims down to 1.926m, lowest since May

Nuclear is the future energy backbone of AI. But it’ll take time to build all those reactors. In the meantime, nat gas will fill the gap, as evidenced by #LB #NRG nat gas AI data center deal in Texas. There’s still some growth runway left for nat gas after all…

#IONQ staying hot on photon conversion breakthrough for long-distance quantum networking. Big deal for bringing quantum to real world.

#OPEN down b/c a respected hedge fund manager is attacking its valuation + it’s sharing the limelight with #BETR now, which is up and being promoted by the same retail crowd that supports OPEN. These swings are common for a stock in the meme/retail crosshairs. My thoughts... 🧵

#ORCL + #META in a reported $20B AI cloud compute deal, sending Oracle stock even higher. ORCL stock is now +112% in the last 20 weeks, its biggest 20-week rally since the peak of the Dot Com Boom in 2000.

Macro thought: You can't have your cake and eat it, too. There are 2 types of rate-cutting cycles... 🧵

$500B in rev for #NVDA. Probably $1T+ in downstream spending. This is a huge deal, folks.

DC pushing deeper into AI with the U.S. General Services Administration launching an initiative to support government-wide use of #META Llama open-source AI models, making them more accessible to all federal departments and agencies.

#OKLO breaks ground on its first Aurora powerhouse in Idaho. And so the era of "small nuclear" begins, including both SMRs and nanoreactors. This is the future of American Energy Independence.

#CIEN has a been quiet but big-time winner in the AI datacenter buildout. And they're making moves which suggest that they see the AI datacenter boom continuing for a lot longer, with Ciena acquiring Nubis in an all-cash $270mm deal.

Another thought on the #NVDA + OpenAI deal and why it may be awesome news for #OKLO: 10GW of datacenters represents a massive energy demand. 1GW = roughly one massive nuclear reactor. So you need 10 massive nuclear reactors to power this project or 100s of small reactors.

Wow. BIG news. #NVDA investing up to $100 BILLION into OpenAI to build and deploy at least 10GW of AI data centers with Nvidia systems, representing millions of GPUs for OpenAI's next-gen AI infrastructure.

Elon Musk + xAI launch a new reasoning model, Grok 4 Fast. Leverages RL to maximize the intelligence density of Grok 4 + achieves comparable performance to Grok 4 on benchmarks while using 40% fewer thinking tokens on average.

Just saw this, but further confirmation of the bull thesis for AV stocks: #NVDA plans to invest $500mm into UK's leading self-driving startup, Wayve. #TSLA #GOOGL #UBER #LYFT #HSAI #AUR

#IREN bought $670mm worth of #NVDA + #AMD GPUs to boost AI cloud compute capacity. IREN has now doubled its fleet to >23,000 GPUs in just a few months. The AI cloud compute boom continues!

xAI with a $10B raise @ $200B valuation -- up almost 2X from July valuation of $113B. The AI investment boom is speeding up, not slowing down.

Rumors swirling that #TSLA may acquire #QS. Unverified. Just rumors. But it makes sense.

AI cloud compute demand continues to soar. Now, its OpenAI, who is seeing usage for its AI tools surge, prompting the company to consider spending up to $100B more to rent backup servers from cloud service providers. First, it was #NVDA signing a $6.3B deal w/ #CRWV to rent excess AI compute.

It's almost never that simple. But sometimes, it is. #TSLA

#RTY hit a record close for the first time since 2021. Here are all 11 historical precedents going back to 1980 for what happens to #SPX in the year after RTY hits a record close for the first time in over a year.

So our FBI director Kash Patel likes #DNUT, huh? I have no opinion on the stock. Not my wheelhouse. But I certainly wish I didn't love the donuts as much as I do...

Really interesting shift happening the defense sector. Traditionally, the big dogs like #LMT #NOC #RTX won all the contracts.

New podcast episode is live. We break down: - #OPEN's momentum & Fed impact - Elon's $1B #TSLA buy signal - #NVDA's $6.3B cloud deal with #CRWV - What does #LYFT + Waymo's new partnership mean for #UBER? - Tesla's $17B #SATS telecom play - Breakout stocks: #BE #OKLO #RMBS #RGTI #BMNR - & more

I know the demo had a few flubs, but the Meta Display glasses offered the world's first-look into the true future of consumer tech. AI glasses w/ holographic displays controlled by imperceptible hand movements through a wristband.

Remember when everyone was all worried about reports that #MSFT was slowing its AI datacenter spending? So much for that.

#RGTI snags a 3-year, $5.8mm contract from the Air Force Research Laboratory to advance superconducting quantum networking. Another big win for quantum stocks #IONQ #RGTI #QUBT #QBTS. The Commercial Quantum Era has arrived.

While #SPX #NDX #DJI are flying to ATHs today, #DRI + #CBRL are crashing on weak earnings because the consumer broadly remains under pressure. This is not a "rising-tide-lifts-all-boats" market rally. It is powered by and centered around AI. Don't forget that.

#CRWD in its "can't-stop, won't-stop" era. A bunch of new products launched in Vegas this week. Management also massively increased their growth targets, now expecting +20% YoY net new ARR growth in FY27 vs. estimates of just +12%, and at least 40% growth in net new ARR in 2H26.

#PLTR + UK enter into £1.5B AI partnership. Seems clear to us that PLTR is becoming the "Shield of the West".

#NVDA pouring $5B into #INTC to co-develop PC/DC chips. Feels like Nvidia is trying to appease Trump admin. They want to sell AI chips to China. White House is restricting them.

Maybe the most important chart right now. Everyone wants to talk about how stocks always soar when the Fed cuts rates at ATHs. That is true. But I don't think that really matters too much.

#PLTR is (not so) quietly becoming the US government's operating system. With their new CMMC Level 2 certification, they're now cleared to handle even more "sensitive government data while supporting critical national security missions."

#IONQ + #HON + DoE partnering up to boost quantum computing use cases in space Secure comms is probably the first step The deal shows that quantum is jumping out of the lab and into the real world at impressive speed. The Quantum 4 have been hot. I think they'll stay hot: #RGTI, #QUBT, #QBTS, IONQ

SpaceX reportedly working with chipmakers to get the proper chips in phones to support their satellite-to-cell service after SpaceX acquired $17B worth of wireless spectrum from #SATS. So who are they working with?

Reddit + Google is talking for their next content-sharing agreement which would allow deeper integration of Reddit's content into Google's AI products. This deal is a microcosm of why we are so bullish on #RDDT.

Market didn't like the Powell presser. The comment of the day: This was a "risk management cut". That suggests he's not necessarily married to this cut being the first in a rate-cutting cycle, even though the Dot Plot calls for 3 more cuts. But overall, I though Powell leaned dovish.

#LYFT up, #UBER down because #GOOGL Waymo wants an open relationship. Once upon a time, UBER and Waymo had a pretty exclusive relationship. In almost every city Waymo launched, they did so with Uber. Then, Waymo tried to do its own thing and launched on its own Waymo One platform in a few spots.

First read on the updated Fed Dot Plot: Dovish 2025 outlook, hawkish 2026 outlook. Market was expecting 2 more cuts this year. Fed is guiding for 2 more cuts this year. Very bullish guidance there.

DC + AI = good for everyone. Axios reports that the US House of Representatives plans to begin using #MSFT Copilot to integrate AI into daily operations. ChatGPT, Gemini, and Anthropic are also being considered. Finally, government efficiency driven through technology.

Quick macro thought before the Fed. Mortgage application volume spiked about 30% this week to its highest level since summer 2022. Right now, it is pretty much all being driven by refi volume - highest since March 2022. Purchase volume still depressed.

#MSFT is signing a 5-year, #6.2B deal with Nscale Global + Aker to rent hyperscale AI infrastructure in Norway, just days after #NVDA signed a #6.3B deal with #CRWV to rent excess AI compute.