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Invesco QQQ Trust Series 1

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

A sharp Nasdaq-100 selloff has traders focused on heavyweight tech earnings and concerns that soaring AI spending may not deliver returns fast enough, with some attributing added pressure to month-end liquidation and margin calls. The community is split between fears of a deeper AI-led correction and dip buyers looking for a rebound.

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCAI segment delivers solutions to cloud service providers and enterprise customers, along with silicon devices for communications service providers and high-performance computing customers. The IFS segment refers to full stack solutions created from the foundry industry ecosystem. The All Other segment represents results from other non-reportable segments and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968, and is headquartered in Santa Clara, CA.

Intel Corp.

Intel Corp

Intels weak fourth-quarter outlook, citing soft PC demand and manufacturing constraints, has driven a steep selloff, with analyst downgrades adding pressure. Traders are split between calling the drop an overreaction and buying the dip versus warning of further downside, while some see the move as part of a broader tech and semiconductor rout.

SPDR S&P 500 ETF TRUST - SPDR S&P 500 ETF Trust

A sharp, tech-led market selloff has put SPY in focus, with traders connecting the pressure to Amazon and Intel results and renewed concerns that heavy AI spending may not pay off. The discussion is largely bearish, with crash and liquidation fears competing against calls to buy the dip and expectations of a relief bounce.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.

NVIDIA Corp

A broad tech and semiconductor selloff has weighed on Nvidia, as concerns about Big Techs heavy AI infrastructure spending and uncertain returns are compounded by fallout from Amazon and Intel results. Traders are divided between warning that the AI trade is a bubble and viewing the decline as an overreaction or buying opportunity, with some arguing AI demand remains intact.

Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X ETF

Direxion Daily Semiconductor Bull 3X Shares

SOXL is under pressure amid a broad semiconductor and tech selloff, with traders repeatedly pointing to Intels weak outlook and softer PC demand as a drag on chip sentiment, alongside concerns about AI valuations. Its 3x leverage magnifies the downturn; the community is split between dip buyers anticipating a rebound and bears warning of further losses and leverage decay.

Sandisk Corp. engages in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. Its products include solid state drives, memory cards, and USB flash drives. The company was founded on February 5, 2024 and is headquartered in Milpitas, CA.

Sandisk Corp

SanDisk is selling off sharply despite a strong quarterly beat, upbeat guidance and an announced 8-for-1 split, as traders debate whether the drop reflects a broader tech and AI-stock unwind or concerns that memory pricing and earnings growth are nearing a cyclical peak. Many call the decline an overreaction and are buying the dip, while bears point to slowing growth and possible peak-cycle risks.

Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. The firm provides online news services where users can select and rank web content. It also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.

Reddit Inc. - Ordinary Shares - Class A

Reddit Inc

Reddit shares plunged after its quarterly report paired strong results with a weaker-than-expected outlook, declining Google search referrals and signs of slowing user growth; plans to push users toward a logged-in experience added concern about traffic and ad reach. Traders are split between calling the selloff an overreaction given Reddits growth and profitability, and warning that search dependence and potential user losses threaten future growth.

Advanced Micro Devices, Inc. engages in the semiconductor business. Its products include processors, accelerators, graphics, adaptive SoCs, FPGAs, and SOMs, and software, tools, and apps. The firm offers artificial intelligence, industries, workloads, and gaming solutions. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.

Advanced Micro Devices Inc.

Advanced Micro Devices Inc

AMD is caught in a broad technology and semiconductor selloff as investors question AI spending returns and elevated chip valuations, with Intels weak outlook adding to sector pressure. Traders disagree over whether AMDs decline is justified or sympathy selling ahead of its earnings report, citing its data-center opportunity as a counterpoint.

AppLovin Corp. engages in the development and operation of a mobile marketing platform. It offers AppDiscovery, MAX, Adjust, and SparkLabs. Its software-based platform caters to mobile application developers to improve the marketing and monetization of applications. The company was founded by Andrew Karam, John Krystynak, and Adam Foroughi in 2011 and is headquartered in Palo Alto, CA.

Applovin Corp - Ordinary Shares - Class A

Applovin Corp

AppLovins steep selloff ahead of its earnings report is driving discussion, with traders pointing to analyst price-target cuts and concerns about ad-tech peers results and the broader market. Bulls argue the decline has made the companys valuation compelling, while bears fear weak results or guidance could bring further pressure.

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 20,105,365. The last known price of Bitcoin is 76,874.98691422 USD and is down -4.82 over the last 24 hours. It is currently trading on 12773 active market(s) with $58,826,736,014.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

Bitcoin

Bitcoins selloff is being linked mainly to a reported major Binance security breach, with traders also citing leveraged liquidations and weakness in tech stocks as added pressure. The community is split between fears of further selling and exchange-related security risks, and dip-buyers arguing the incident affected Binance rather than Bitcoin itself and that the price has held up relatively well.

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Galaxy-CEO Mike Novogratz Calls SpaceX 'Biggest IPO By A Factor Of Three' But Warns Of 'Palm' Bubble Echo

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Galaxy CEO said he was optimistic about SpaceX's IPO, calling it a milestone for America and venture finance.


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<ul class="summary-bullets"><li>Mike Novogratz stated SpaceX's IPO could raise $75 billion, significantly outpacing Saudi Aramco's previous record.</li><li>Novogratz emphasized that the valuation is heavily influenced by artificial intelligence, framing the IPO as a convergence of space exploration and AI.</li><li>He issued a cautionary note, comparing this IPO to the Palm IPO during the dot-com bubble, although he believes the SpaceX situation may be more legitimate.<br>&nbsp;</li></ul><p>Galaxy Digital (GLXY) CEO Mike Novogratz said SpaceX’s (SPCX) market debut is the biggest initial public offering (IPO) ever, but cautioned the hype around it is like previous market peaks.</p><p><a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=0KM4GcOrd1Y">Speaking</a> on All Things Market with SkyBridge Capital founder Anthony Scaramucci, Novogratz said SpaceX was the “biggest IPO by a factor of three of all time.” The company was set to raise $75 billion if the greenshoe option was triggered, versus roughly $25 billion for Saudi Aramco (KSA) and other past giants.</p><p>He attributed much of the company's valuation to artificial intelligence rather than its space business alone. Novogratz described the offering as one that "brings in space and an A in AI," adding that&nbsp;"a lot of valuation comes from the AI side." He framed the debut as a convergence of two of the market's biggest themes, tied to an ongoing technology shift and one of the great bull markets.</p><p>But Novogratz flagged a warning sign. He compared the listing to the Palm IPO, which coincided with the peak of the dot-com bubble, saying, "This is how great markets end." He conceded the SpaceX story&nbsp;"could be more real"&nbsp;than that earlier episode.</p><h2 class="st-heading-2">A Three-Pool Buyer Structure</h2><p>Novogratz weighed in on the mechanics of the purchase, crediting Goldman Sachs (GS) and JPMorgan (JPM) for creating demand across three buyer pools. Index funds were on the sidelines, ready to buy as soon as the SEC and S&amp;P changed the rules to let SpaceX into major indexes, a structure that didn’t exist in prior IPOs, he added.</p><p>The other segment was large institutions like BlackRock (BLK) and Fidelity (FIS), with hedge funds and a 15% retail allocation making up the balance. “There was over-subscription, and they cut back the allocations,” he stated.</p><div><div><div><div><div><div><div><div><p>According to SpaceX's final IPO prospectus <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm">filed</a> with the SEC, the underwriting discounts and commissions total $500 million, or $0.90 per share, representing about 0.7% of the $75 billion raised. Goldman Sachs (GS) and Morgan Stanley (MS) led the offering as joint book-running managers, alongside BofA Securities, Citigroup (C), and J.P. Morgan (JPM).</p></div></div></div></div></div></div></div></div><p>“This is a great day for America” and for venture capital, said Novogratz, a long-time investor in SpaceX who initially put money into the company in 2013 via Antonio Gracias.</p><h2 class="st-heading-2">Why Novogratz Took A Different Path With Galaxy</h2><div><div><div><div><div><div><div><div><p>Novogratz drew a contrast with his own approach to taking Galaxy Digital public, noting that he rejected the kind of super-voting share structure that lets founders like Brian Armstrong keep control of Coinbase (COIN) regardless of their economic stake. He said he opted for a one-share-one-vote structure for Galaxy because it felt "more fair and more democratic," adding that he did so "kind of ideologically," even as he acknowledged the dual-class setups at companies like Coinbase have "worked in a lot of cases."</p></div></div></div></div></div></div></div></div><p><a href="https://stocktwits.com/symbol/GLXY">GLXY’s price</a> closed at $33 on Friday. On Stocktwits, retail sentiment around GLXY remained in the ‘extremely bullish’ zone, while chatter around it stayed at ‘extremely high’ levels over the past day.&nbsp;</p><p><strong>Read also:&nbsp;</strong><a href="https://stocktwits.com/news-articles/markets/cryptocurrency/clarity-act-july-4-deadline-logistically-impossible/cZKB4RaR75U"><strong>CLARITY Act's July 4 Deadline Is 'Logistically Impossible' Amid 16-Day Senate Window, Says Eleanor Terrett</strong></a></p><p><i>For updates and corrections, email newsroom[at]stocktwits[dot]com</i></p>

Mike Novogratz, CEO of Galaxy Investment Partners, smiles as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. (Photo by Marco Bello/Getty Images)

Galaxy Digital (GLXY) CEO Mike Novogratz said SpaceX’s (SPCX) market debut is the biggest initial public offering (IPO) ever, but cautioned the hype around it is like previous market peaks.

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Galaxy Digital Inc. - Ordinary Shares - Class A

iShares MSCI Saudi Arabia ETF

SpaceX

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Fed decision day is here - Kevin Warsh chairs his first FOMC meeting with markets pricing a hold at 3.50%-3.75% but watching for a hawkish shift. Vote on what you expect to be decided today, then drop your prediction for the first rate cut or hike in the comments.

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