lena

Powell's Chairmanship ends 3 weeks from today (May 15). Polymarket probability Warsh gets confirmed BEFORE May 15 is just 28% (90%+ by summer end). Powell says he stays as Chairman until Warsh is nominated. Trump says he will replace Powell on May 15 with a temporary Chairman. Can't wait!!

This is one of those names that looks like photonics… but it’s not the trade people think it is. $XNDU isn’t $LITE, $AAOI or $AEHR. There’s no near-term revenue engine here. This is a pre-revenue quantum option with ~$280M cash, ~4–5 year runway, and basically zero commercial traction today. The market cap sitting near cash tells you exactly how the market is pricing it: low probability, long timeline. The tech is real, Aurora isn’t vaporware but the bottleneck is brutal. Photon loss + error correction isn’t solved, and until it is, none of this scales. That’s the whole bet. Also worth saying clearly this is a SPAC and that matters more than the tech right now. Post-SPAC names almost always get sold for 30–60 days as arbitrage funds and early holders exit regardless of fundamentals. That -30–40% move isn’t “the market rejecting the story” it’s just mechanical selling.