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Short-seller called Nvidia top by not trusting Jensen Huang

Culper Research shorted Nvidia after guessing the $5T AI giant might be re-routing Chinese demand for AI chips through neighboring countries.

Amazon gained the market cap SpaceX lost in six weeks

On June 16, Amazon and SpaceX had the same market capitalization: $2.65T. Today, Amazon is twice as valuable as SpaceX.

CDS spreads are deteriorating across mega-cap AI stocks including Alphabet, Amazon, Meta, and SpaceX, which all hit record spreads this week.

The KOSPI has erased about $1.6T of market value since June 19, more than all the BTC in the world is worth.

Intel beat its own forecasts, posted a massive $16B in revenue, but still found a raft of jobs to terminate.