Keep up with what is happening on the U.S. stock market
Super Micro Computer announced a $7B equity package ($1.25B stock + $3.75B convertible preferred + $2B ATM) to fund $39B in new AI server orders -- sending shares -9% AH on dilution fears. $6.8B negative FCF TTM. Follows Alphabet's $80B raise last week; Meta reportedly next.
US CENTCOM: "self-defense strikes" launched against Iran -- "a proportional response to unjustified Iranian aggression" after Apache downed near Hormuz. Both pilots safe. Iran says it will respond. Nasdaq futures -1.1%, S&P -0.3%; WTI ~$89. CPI tomorrow 8:30am ET (est. +4.2% YoY).
SpaceX has drawn $250B+ in demand -- nearly 4x its $75B offering -- per Reuters. Long-only funds placed sizable orders; Musk joined investor Zoom calls. Shotwell and CFO Johnsen hosted 300 institutions at Morgan Stanley Tuesday. Prices Thursday.
Nasdaq pared from -3.5% to -1.7%, S&P -0.9%, Dow -0.2% as tech selloff eases. WTI -3.5% to ~$88 after Apache pilots rescued safely; Trump still says US must respond. No clear catalyst -- one theory: selling winners to fund SpaceX IPO. Books close 4pm ET; Oracle tonight.
Iran downed a US Apache helicopter near the Strait of Hormuz; Trump: "the US must respond." Nasdaq -3%+ to 1-month lows, S&P -1.5%, Dow -1%. AAPL -4%, SOXX -7%, MRVL -14%, Coherent -15%. SpaceX books close 4pm ET today; May CPI tomorrow est. +4.2% YoY.
GDPNow model from Atlanta Fed now up to +3.3% (q/q ann.) for Q2 -- well above the Blue Chip consensus of ~2%. Strong growth data adds to rate hike pressure ahead of May CPI tomorrow (est. +4.2% YoY) and FOMC Jun 16-17.
S&P -1%, Nasdaq -1.9%, Dow -0.6% as Monday's chip rebound reverses: SOXX -4%, MRVL -8.8%, Coherent -11%, ServiceNow -7%. WTI -4% to ~$89 as Trump says Iran deal in 'days'; energy -2%. J.M. Smucker +13% on earnings. Oracle reports tonight; May CPI tomorrow (est. +4.2% YoY).
Broadcom, Apollo, and Blackstone launched the AI XPV Platform -- $35B initial tranche targeting 20GW of global AI deployments by 2028 (AVGO -2%, BX +3.6%, APO +2.4%). Applied Digital signed a $5.2B, 15-year hyperscaler lease; total contracted backlog now ~$36B ($2.4B/yr). Needham raised Applied Digital PT to $83.
May existing home sales 4.17M (ann.), +3.2% MoM vs. +1.1% est. -- highest since December. Contracts signed in April as mortgage rates briefly eased. Median price $429,300 (+1.3% YoY, record for May). 4.5-month supply. Toll Brothers +6.5%, Rocket Companies +7%.