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SpaceX signs cloud deal with Google
Reuters79d agoneutral
SpaceX signs cloud deal with Google

SpaceX said on Friday ‌it has entered ‌into a multi-year cloud service ​agreement with Alphabet's Google for access to compute capacity. As part ‌of ⁠the deal, Google will pay SpaceX $920 ⁠million per month from October this ​year to ​June ​2029, with capacity ‌ramping up through September at a reduced fee, Elon Musk's space venture said in ‌a U.S. ​SEC filing. The ​compute ​capacity provided ‌includes about 110,000 Nvidia ​GPUS, ​CPUS, memory and other related components.

Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k
24/7 Wall St.79d agoneutral
Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k

A $10,000 stake in Goldman Sachs Future Tech Leaders Equity ETF (NASDAQ:GTEK) on the last trading day of 2025 was worth about $15,200 at Monday’s close, with the fund up 52% year to date through June 1, 2026. The same $10,000 dropped into the S&P 500 via the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) over ... Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k

Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.
24/7 Wall St.79d agoneutral
Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

On Bloomberg Tech, live from San Francisco today, a venture capital investor laid out a striking thesis about what’s actually happening inside the cryptocurrency markets. Retail investors now make up 70% of crypto markets, down from 90%, while institutional participation has climbed from 10% of the digital asset economy to between 20-30%. The shift is ... Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog
24/7 Wall St.79d agoneutral
The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog

Ten years ago, Oracle (NYSE: ORCL) was the database company everyone respected but few investors loved. It had missed the first wave of cloud, ceded ground to Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL), and seemed destined to be a slow-growth dividend payer. A decade later, it is one of the most aggressive AI infrastructure ... The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog

SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.
24/7 Wall St.79d agoneutral
SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.

The long-awaited SpaceX IPO next week positions the company at roughly $2 trillion in market value. On CNBC’s Morning Call Sheet on Friday, June 5, Adam Kobeissi, Editor in Chief of The Kobeissi Letter, strategist Matt Powers, and Senior Economist Jose Torres argued the deeper story is a rotation out of AI semiconductor leaders into ... SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.

Prediction: Tesla Stock Will Hit $500 on This Date
24/7 Wall St.79d agoneutral
Prediction: Tesla Stock Will Hit $500 on This Date

Tesla (NASDAQ:TSLA) sits in an awkward place. Q1 2026 showed automotive gross margin rebounding to 21.1% from 16.2% a year earlier, FSD subscriptions hit 1.28 million (+51% YoY), and free cash flow more than doubled to $1.444 billion. Yet shares closed at $418.45, down 6.95% YTD. Can Tesla reach $500 this cycle? What’s Holding Tesla ... Prediction: Tesla Stock Will Hit $500 on This Date

Good News for NVIDIA, Amazon, and Micron Investors: New Research Shows Trillion-Dollar Stocks May 10X
24/7 Wall St.79d agoneutral
Good News for NVIDIA, Amazon, and Micron Investors: New Research Shows Trillion-Dollar Stocks May 10X

The All-In podcast (hosts Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg) recently hosted Coatue’s Thomas Laffont, surfacing an idea they called the “10X paradox.” The takeaway carries direct implications for shareholders of NVIDIA (NASDAQ:NVDA), Amazon (NASDAQ:AMZN), and Micron Technology (NASDAQ:MU). The thesis defies the law of large numbers. Companies like NVIDIA that have ... Good News for NVIDIA, Amazon, and Micron Investors: New Research Shows Trillion-Dollar Stoc

Vanguard’s $223 Billion Growth ETF VUG Is Quietly Beating Most Large Cap Active Funds at One Tenth the Cost
24/7 Wall St.79d agobullish
Vanguard’s $223 Billion Growth ETF VUG Is Quietly Beating Most Large Cap Active Funds at One Tenth the Cost

The pitch for Vanguard Growth ETF (NYSEARCA:VUG) sits at the cheap end of a long-running debate about whether active stock pickers can beat an index dominated by mega-cap growth names. VUG charges 0.03% and currently holds about $234 billion in assets, tracking the CRSP US Large Cap Growth Index via full replication. For a 52-year-old ... Vanguard’s $223 Billion Growth ETF VUG Is Quietly Beating Most Large Cap Active Funds at One Tenth the Cost

SPYI’s 12% Yield Was 95% Return of Capital Year to Date and That Is the Real Story Holders Need to See
24/7 Wall St.79d agoneutral
SPYI’s 12% Yield Was 95% Return of Capital Year to Date and That Is the Real Story Holders Need to See

A 64-year-old retiree with $200,000 parked in SPYI is told to expect roughly $24,000 a year at the headline yield. The cash arrives every month, but the tax form at year-end tells a different story. Neos S&P 500 High Income ETF (CBOE:SPYI) is designed to convert S&P 500 exposure into a high monthly distribution using ... SPYI’s 12% Yield Was 95% Return of Capital Year to Date and That Is the Real Story Holders Need to See

Price Prediction: Can DKNG Stock Double This Year?
24/7 Wall St.79d agoneutral
Price Prediction: Can DKNG Stock Double This Year?

The question in our headline has a short answer based on our proprietary model: probably not in 2026. But the longer answer is more interesting, because the bull case scenario for DraftKings (NASDAQ:DKNG) does get close to doubling within 12 months, and DKNG’s Predictions launch could reset the entire valuation conversation before year-end. Our 24/7 ... Price Prediction: Can DKNG Stock Double This Year?

The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.
24/7 Wall St.79d agoneutral
The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.

The May employment data landed with a thud for bond bulls, with implications for Treasury proxies like the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). May nonfarm payrolls rose 172,000, the best number since March, when the figure came in at 185,000, and well above expectations. CNBC’s Rick Santelli, reacting on Squawk Box, asked, “Is ... The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.

Got $3,000? 1 Ultra-Safe Dow Dividend Stock to Buy and Hold Forever
24/7 Wall St.79d agobullish
Got $3,000? 1 Ultra-Safe Dow Dividend Stock to Buy and Hold Forever

Chevron (NYSE:CVX) is a stock worth owning for decades because it generates oceans of cash through every commodity cycle and shares that cash with owners on a schedule you can set your retirement clock to. Chevron is built for long-term ownership. It is the kind of business a 60-something investor can buy, file away, and ... Got $3,000? 1 Ultra-Safe Dow Dividend Stock to Buy and Hold Forever

Meta Stock Turns $1,000 Into $5,300 in 10 Years But Did It Beat The S&P 500?
24/7 Wall St.79d agobullish
Meta Stock Turns $1,000 Into $5,300 in 10 Years But Did It Beat The S&P 500?

Ten years ago, Facebook was still Facebook. The company hadn’t yet bought into the metaverse, the Cambridge Analytica scandal hadn’t hit, and Mark Zuckerberg wasn’t talking about superintelligence. Since then, Meta (NASDAQ:META) has rebranded, weathered a near-death stock collapse, and pivoted into one of the biggest AI infrastructure bets in corporate history. The 2021 rename ... Meta Stock Turns $1,000 Into $5,300 in 10 Years But Did It Beat The S&P 500?

The S&P 500 Snubs SpaceX as Elon Musk Describes a Coming ‘Massive Growth Phase’
24/7 Wall St.79d agoneutral
The S&P 500 Snubs SpaceX as Elon Musk Describes a Coming ‘Massive Growth Phase’

Elon Musk used a JPMorgan-hosted investor event this week to pitch SpaceX as entering a new chapter, telling Jamie Dimon that the company is “embarking on a massive new growth phase, and we need capital for that.” The IPO is scheduled to price on NASDAQ on June 12, 2026. S&P Global declined to change its ... The S&P 500 Snubs SpaceX as Elon Musk Describes a Coming ‘Massive Growth Phase’

Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO
24/7 Wall St.79d agoneutral
Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Ripple’s XRP token is taking a hit on Friday, June 5. The cryptocurrency is down 6% to $1.103, extending a multi-day slide that has dragged the broader digital asset complex into the red. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are also down, but the XRP move stands out given the token’s famously devoted retail following. The selling ... Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO