Davis

Interesting timing here. Just as #SpaceX gears up for the largest IPO in history, Starlink is quietly raising prices across several plans. Residential and Roam customers are reportedly seeing monthly increases of $5 to $10, while even Standby Mode doubled in price to $10 per month. The timing here isn’t surprising. Once a company prepares to go public, Wall Street starts focusing intensely on revenue and earnings. Starlink is increasingly being positioned as the recurring cash flow engine helping justify SpaceX’s reported $1.75 trillion valuation. At the same time, competition is coming. Amazon is rapidly building out Leo, which aims to compete directly with Starlink in satellite internet. Right now, Starlink clearly has the lead. But the satellite internet race is just beginning, and pricing power could become much more important once serious competition enters the market.

ServiceNow $NOW is up 5% in overnight trading… on no news Hmmmm

Cerebras lockup schedule courtesy of @AltimeterCap $CBRS

Nvidia $NVDA is hitting another all-time high today. 2028 EPS just got revised higher once again -- now up to $11.35. That's up from $11.24 last week... $11.15 one month ago... $10.80 two months ago... and $9.92 three months ago. Keep holding.

Here’s a reader question about my “Is This 1999 All Over Again?” chip stock article: “How does $TSM fit into all of this?” Taiwan Semi $TSM is essentially the factory behind much of the AI boom. Companies like Nvidia $NVDA, AMD $AMD, and Qualcomm $QCOM design the chips… but they don’t actually manufacture most of them themselves. Instead, they outsource production to TSMC. And that’s a massive advantage for the industry. Building advanced semiconductor fabrication plants is unbelievably difficult and insanely expensive. We’re talking tens of billions of dollars for a single cutting-edge facility. By outsourcing manufacturing to TSMC, companies like Nvidia and AMD can stay focused on what they do best: designing world-class chips and software. Meanwhile, TSMC handles the incredibly complex manufacturing process required to physically produce them at scale.

Nvidia $NVDA hitting another all-time high today. Now at $222 per share. More to come. Just own it.

Friendly reminder: Nvidia's $NVDA earnings estimates continue to tick higher. 2028 EPS now expected at $11.29. That's up from $11.24 last week... $11.12 one month ago... $10.74 two months ago... and $9.90 three months ago. I suggest you own the stock.

Nvidia $NVDA all time high. More to come.

According to @Kalshi there is a 40% chance Tesla and SpaceX merge within the next year. #SpaceX $TSLA

If you needed more proof the AI buildout isn’t slowing down… the last 24 hours delivered: -- Anthropic teamed up with #SpaceX to boost Claude’s compute power and increase usage limits. -- Anthropic committed $200 billion to Google Cloud over multiple years, briefly making Alphabet $GOOG the most valuable company in the world. -- $AMD beat earnings and guided above analyst expectations next quarter, showing AI chip demand is still going strong. -- Nvidia $NVDA is investing $500 million into Corning to help build out the infrastructure needed for next-gen AI. AI spending isn’t slowing down. If anything, it’s picking up speed across every layer of the stack.

No definitive news on a Fannie/Freddie IPO. I'm more optimistic after this Pulte interview, however. Although Fannie/Freddie have been out of headlines recently, it's reassuring to hear that IPO-ing these companies is still top of mind for Pulte and Trump. $FNMA

Pulte: "These companies [Fannie and Freddie] are running like real companies now. That's not something that's happened in the past."

Pulte: This [IPO of Fannie and Freddie] is a decision for President Trump.

Pulte: "Our number one principle with Fannie and Freddie is do no harm."

Pulte: "The Trump administration is very focused on Fannie and Freddie."

Bill Pulte (Director of the Federal Housing Finance Agency) will be interviewed on @CNBC shortly. We should hear details on Fannie Mae $FNMA conservatorship. The stock is up 26% in the last month.

Alphabet $GOOG is now the most valuable company on earth after Anthropic agrees to spend another $200B with Google Cloud