Google Backfires
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May nonfarm payrolls hit 172,000, more than doubling the 85,000 estimate, sending the Nasdaq down 2% as rate hike fears resurfaced.
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JPMorgan upgraded TSLA to Neutral and tripled its price target to $475, citing Tesla's lead in physical AI and expanding addressable markets.
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Jensen Huang confirmed Samsung, SK Hynix, and MU all qualified to supply HBM4 memory for NVDA's next-generation Vera Rubin AI platform.
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Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) is carrying some baggage into the weekend, with shares on track for a fourth straight weekly loss following a stretch that has seen the enthusiasm from last month’s brief Nvidia market cap overtake give way to a more cautious read on the stock. Adding to the pressure, Alphabet disclosed this week that it is looking to pull in $85 billion through equity sales, a number that crept up $5 billion from its original figure. The timing is drawing attention beyond just the dollar amount, with Anthropic and OpenAI both readying their own landmark public offerings, Alphabet may be making a calculated move to get in front of investors before that wave of AI-driven supply hits the market.
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President Trump criticized the market’s reaction to Friday’s jobs report, taking to Truth Social to argue that strong employment numbers should be sending stocks higher, not lower. “With a great Jobs Report, like just announced, stocks should go up, not down. That’s the way it was for 200 years. Growth does not mean inflation! How else can a Country attain GREATNESS??? President DJT,” he wrote. Markets, however, are telling a different story, with the Nasdaq leading a broad selloff as investors zero in on what a blowout jobs number means for the Federal Reserve’s next move on interest rates.
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Morgan Stanley is making the case that SpaceX’s $1.77 trillion IPO valuation may not be far out. Analysts predicxt the Elon Musk-led space company could generate $3.4 trillion in revenue by 2040, a forecast anchored largely by what they see as explosive growth in its AI business in the years ahead.
SpaceX posted $18.7 billion in revenue in 2025, and with plans to raise roughly $75 billion in what would rank as the largest public offering in history, the roadshow kicking off Thursday is asking investors to bet not just on rockets and satellites, but on a company positioning itself at the intersection of space infrastructure and artificial intelligence for decades to come.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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