Market Summary
Markets turned volatile as an AI‑led tech selloff forced a rotation into value. The S&P 500 and Nasdaq fell sharply on Broadcom and Oracle updates, while the Dow showed relative resilience. Traders are watching Fed policy signals, AI spending forecasts and datacenter financing as catalysts driving cross‑market swings.
Russia launched a massive overnight aerial assault on Ukraine, knocking out power and straining nuclear safety monitors. IAEA reported loss of offsite power at Zaporizhzhia, raising international alarms over civilian infrastructure and nuclear risk.
Figure of the Day
450 — Attack drones Russia launched overnight against Ukraine, per Ukrainian officials.
EU ministers moved to lock down Russian funds to finance Ukraine, while officials argue the loan plan is legally robust amid Russian threats. The decisions aim to convert frozen assets into support without triggering legal setbacks.
Washington signalled a tactical shift on Belarus sanctions while Minsk hosted US envoys, part of a quiet diplomatic thaw. The moves follow talks between Lukashenko and US representatives in Minsk.
Bullish
SpaceX Nears $800B Valuation as IPO Plans Advance
Insider share sales and market moves price SpaceX near an $800 billion valuation, underscoring investor appetite for the rocket maker ahead of a potential 2026 IPO.
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SpaceX insiders priced shares that imply an ~$800 billion valuation as the company prepares for a potential IPO. The insider sale and market chatter make SpaceX the most valuable private company in orbit discussions.
The White House signed an executive order to block state AI regulations, aiming to create a national framework and reduce regulatory fragmentation. The move has sparked legal and political pushback from states and consumer groups.
Bearish
Oracle Plunge Slashes $25B From Ellison’s Net Worth
Oracle shares plunged after investors questioned the timing of its AI data‑centre build‑out, erasing roughly $25 billion from founder Larry Ellison’s fortune in a single day.
More on tippinsights.com
Investor jitters over AI demand dented chip and software stocks after mixed guidance from major suppliers. Broadcom plunged on investor concern while Oracle’s slide erased billions from its founder’s fortune.
The Fed’s next leadership will face AI-driven shocks, political pressure and credit risks as rate policy becomes politicized. Trump’s public comments narrowed contenders for Fed chair, intensifying scrutiny over central bank independence.
Regulatory Impact
Trump signed an executive order to preempt state AI laws and centralize regulation; the US moved to ease some Belarus sanctions; regulators granted initial approvals for crypto trust banks — all sparking legal and market reactions.
Analysts warn the AI datacenter build-out risks a glut and financial losses if demand staggers. A high‑profile tenant pulled funding for a massive AI power project, spotlighting financing and project viability concerns.
US regulators issued initial approvals for crypto firms to operate federally chartered trust banks, marking a big step toward mainstreaming stablecoin and crypto custody services. The approvals could reshape payment rails and institutional access.
Quote
AI is a ‘supersonic tsunami.’
— Elon Musk
Fintech Wealthfront went public, raising capital amid a choppy IPO market and modest debut performance. The offering underscores continued investor appetite for digital wealth platforms despite market volatility.
A bidding war for Warner Bros. Discovery has reignited M&A tension in Hollywood and raised antitrust alarms in Washington. Lawmakers and rivals are scrutinizing financing and competition implications as deals accelerate.
Live Nation and Ticketmaster face sprawling litigation over alleged pricing abuses, threatening fines and reputational damage. The lawsuits could reshape concert ticketing practices and regulatory scrutiny in live entertainment.
The US seized a tanker off Venezuela as part of an intensified campaign against sanctioned oil shipments, signaling tougher enforcement. Court documents reveal timing sensitive to expiring warrants, amplifying geopolitical fallout.
European and Chinese chip diplomacy intensified as industry leaders warned of decoupling risks. ASML’s CEO said China won’t accept being cut off from advanced tools while firms lobby Beijing to permit Nvidia H200 chip imports.
House Democrats released new photos from the Epstein estate, putting high‑profile figures back into the spotlight and intensifying political pressure. The tranche renews calls for transparency around long‑running investigations.
The Fed’s recent easing shifted market leadership as investors reassessed tech and value portfolios. Officials are also increasing T‑bill purchases, a move markets call effectively unconventional liquidity policy without the QE label.
The Department of Veterans Affairs plans sweeping cuts to healthcare positions, targeting roles that are largely vacant but signaling deep restructuring. Proposals could reshape veteran services and provoke congressional debate.
Eli Lilly posted striking Phase 3 weight‑loss results but with high discontinuation rates, spotlighting efficacy versus safety trade‑offs. Regulators’ moves on pediatric approvals for Mounjaro boosted investor optimism for the obesity drug market.
