Let them take steroids! So said the group behind the Enhanced Games, which aired its inaugural competition on Sunday, betting on the power of peptides to elevate athletes to a new level of performance. Alas, only one doped-up competitor “broke” a world record while also wearing gear that’s normally illegal. Meanwhile, three athletes who were competing clean won their events over enhanced athletes.
The S&P 500, Nasdaq 100, and Russell 2000 all notched fresh record closing highs after President Donald Trump said in a Truth Social post that negotiations with Iran are “proceeding nicely.” |
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- Under this federal program, Oklo will help to turn excess legacy Cold War nuclear material into commercial fuel for its advanced power plants.
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Oklo has long planned on turning leftover weapons-grade plutonium into a nuclear bridge fuel.
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Oklo will partner with European nuclear developer Newcleo, validating their October 2025 partnership including a Newcleo-affiliated investment of up to $2 billion, to convert material that already exists into fuel for advanced reactors, using it to generate electricity and consume it through fission.
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“Fuel supply constraints are a key throttle to advanced reactor development,” said cofounder and CEO Jacob DeWitte. “This program creates a pathway to use existing surplus material as bridge fuel for advanced reactors to bring more reactors online sooner.”
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Just last month, Oklo announced a collaboration with Los Alamos National Laboratory and Nvidia “to support critical infrastructure development and accelerate the deployment of nuclear energy.” |
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Advanced nuclear companies are facing roadblocks trying to find fuel. This deal gives Oklo a chance to reduce its dependence on foreign supply chains. Wall Street is closely watching what this means for Oklo’s business model. Wedbush maintained its “outperform” rating and a $110 price target on the stock, emphasizing that this is a helpful “addition” to Oklo’s multipronged fuel strategy, rather than a stand-alone fix.
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It’s different this time. That’s the call from UBS analyst Timothy Arcuri, who more than tripled his price target on memory specialist Micron to $1,625 from $535. If his view were realized, the company would be worth north of $1.8 trillion. As of the close of trading on Tuesday, Micron has already crossed the $1 trillion mark, becoming the 12th US company to do so.
Shares surged, finishing up more than 19% on the day, and are now up more than 800% over the past year. The AI boom’s brainpower needs to “remember” (that is, access) the information it’s processing, driving a spike in memory chip prices. |
- The ensuing boost to the AI trade as a whole appeared to beat out the market impact of President Donald Trump’s comments this weekend that a deal with Iran has been “largely negotiated.” The giveaway? Global stocks were beating US stocks.
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When global stocks outperform the US by a ton, it’s generally because tech is out of favor. After all, the US market is heavily weighted toward megacap tech giants. However, a big reason why iShares MSCI ACWI ex-US ETF is trouncing the US is because of how insanely well the iShares MSCI South Korea ETF and iShares MSCI Taiwan ETF are doing!
- Those countries, of course, are even more heavily levered to AI hardware than the US market. The new Street-high view on Micron in particular fueled gains for Korean stocks, where fellow memory chip giants SK Hynix and Samsung are the biggest components.
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Despite Micron going up and to the right for months on end, Arcuri argues that a) its future profitability is still underappreciated, and b) investors should be willing to pay more for these earnings, because a large chunk of demand is already locked down. |
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Earlier this month, Airbnb, the World Cup’s official Fan Accommodation partner, put out a statement saying it expects this year’s competition to be its “biggest-ever event,” citing over 100,000 new homes listed in host cities. Last week, it announced it has added hotels, car rentals, grocery delivery, airport pickup, and a plethora of AI tools, hoping these new offerings might help drive more revenue and offset slowing bookings.
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