9 hours ago
The digital ******* ets market, which had already been struggling for months now, is now witnessing a bloodbath after Michael Saylor's Bitcoin (BTC) treasury firm Strategy (Nasdaq: MSTR) announced the sale of 32 BTC.
The total cryptocurrency market cap has declined from $2.57 trillion on the announcement day on June 1 to $2.38 trillion at press time. So, the crypto market has lost $190 billion this month.
Bitcoin (BTC) has dropped from $73,800 to below $67,000 during the same period. It is the cryptocurrency's worst price range since February this year.
Similarly, Ethereum (ETH) has fallen from $2,000 to $1,870, and XRP from $1.34 to $1.23 this month.
Related: Elon Musk brings back his McDonald's Happy Meal offer
The total cryptocurrency market cap has declined from $2.57 trillion on the announcement day on June 1 to $2.38 trillion at press time. So, the crypto market has lost $190 billion this month.
Bitcoin (BTC) has dropped from $73,800 to below $67,000 during the same period. It is the cryptocurrency's worst price range since February this year.
Similarly, Ethereum (ETH) has fallen from $2,000 to $1,870, and XRP from $1.34 to $1.23 this month.
Related: Elon Musk brings back his McDonald's Happy Meal offer
17 hours ago
We recently compiled a list of the 11 Most Undervalued Pharma Stocks to Invest In. GSK plc (NYSE:GSK) is one of the most undervalued stocks in the pharma sector.
TheFly reported on May 7 that GSK launched a public health awareness initiative under its Ask2BSure campaign, introducing Julie Bowen and Ty Burrell as campaign advocates to promote education around meningococcal disease, also known as meningitis. The effort encourages parents to better understand infection risks and discuss vaccination with healthcare providers.
The campaign includes an educational video ****** led The Mening-Itinerary, which illustrates everyday teen environments such as dorms, gyms, and social gatherings where bacterial transmission may occur. The content also highlights survivor experiences and aims to address gaps in parental awareness about disease risk and prevention. The initiative is designed to strengthen public understanding of meningitis and support informed vaccination decisions through storytelling and outreach.
Expanding its global commercial footprint, on May 11, GSK plc (NYSE:GSK) entered into an exclusive strategic collaboration with Sino Biopharmaceutical’s subsidiary Chia Tai Tianqing Pharmaceutical Group to accelerate the launch and commercialization of bepirovirsen in mainland China. Bepirovirsen is an investigational first-in-class therapy for chronic hepatitis B and is currently under priority regulatory review in China. The partnership combines GSK’s research and development capabilities with CTTQ’s established liver disease franchise and extensive hospital access network across thousands of medical centers.
Under the agreement, CTTQ will manage importation, distribution, and promotional activities in China, while GSK retains global regulatory, safety, and medical oversight responsibilities. The collaboration also includes potential evaluation of select early-stage ****** ets for future partnership opportunities beyond China.
TheFly reported on May 7 that GSK launched a public health awareness initiative under its Ask2BSure campaign, introducing Julie Bowen and Ty Burrell as campaign advocates to promote education around meningococcal disease, also known as meningitis. The effort encourages parents to better understand infection risks and discuss vaccination with healthcare providers.
The campaign includes an educational video ****** led The Mening-Itinerary, which illustrates everyday teen environments such as dorms, gyms, and social gatherings where bacterial transmission may occur. The content also highlights survivor experiences and aims to address gaps in parental awareness about disease risk and prevention. The initiative is designed to strengthen public understanding of meningitis and support informed vaccination decisions through storytelling and outreach.
Expanding its global commercial footprint, on May 11, GSK plc (NYSE:GSK) entered into an exclusive strategic collaboration with Sino Biopharmaceutical’s subsidiary Chia Tai Tianqing Pharmaceutical Group to accelerate the launch and commercialization of bepirovirsen in mainland China. Bepirovirsen is an investigational first-in-class therapy for chronic hepatitis B and is currently under priority regulatory review in China. The partnership combines GSK’s research and development capabilities with CTTQ’s established liver disease franchise and extensive hospital access network across thousands of medical centers.
Under the agreement, CTTQ will manage importation, distribution, and promotional activities in China, while GSK retains global regulatory, safety, and medical oversight responsibilities. The collaboration also includes potential evaluation of select early-stage ****** ets for future partnership opportunities beyond China.
20 hours ago
Certain furniture and mattress retailers are facing financial distress in 2026, after the industry had success in 2025.
The furniture industry showed positive sales results in 2025, as the Top 100 retailers posted a 0.9% combined sales increase to $51.2 billion, based on furniture, bedding, and accessories, after a two-year decline, according to Furniture Today.
The U.S. bed and mattress stores sector also performed well last year, navigating a period of steady growth, with revenue rising by 1.3% to $28.4 billion year over year in 2025, according to IbisWorld **** ysis.
Despite favorable sales and revenue results in 2025, Ortho Mattress faced distress and was forced to file for bankruptcy protection as June began.
Iconic mattress and furniture retail chain Ortho Mattress filed for Chapter 11 bankruptcy to reorganize its business.
The furniture industry showed positive sales results in 2025, as the Top 100 retailers posted a 0.9% combined sales increase to $51.2 billion, based on furniture, bedding, and accessories, after a two-year decline, according to Furniture Today.
The U.S. bed and mattress stores sector also performed well last year, navigating a period of steady growth, with revenue rising by 1.3% to $28.4 billion year over year in 2025, according to IbisWorld **** ysis.
Despite favorable sales and revenue results in 2025, Ortho Mattress faced distress and was forced to file for bankruptcy protection as June began.
Iconic mattress and furniture retail chain Ortho Mattress filed for Chapter 11 bankruptcy to reorganize its business.
1 day ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
SpaceX set its IPO price on Wednesday at $135 per share, targeting a valuation of at least $1.75 trillion. Cool number, right?
But let’s be clear about what this means, because rather than running a traditional book-building process where institutional investors bid for shares and the market collectively discovers what the company is worth, Elon Musk is simply telling investors the price and inviting them to participate or not. For context, even Google let the market decide in 2004. Elon has rather predictably decided the market's opinion really shouldn't matter when it comes to his big baby **** e company.
The prospectus justifies the number by identifying what **** eX calls the "largest actionable total addressable market in human history," pegged at $28.5 trillion. For more context, the US GDP is roughly $32.4 trillion. The same document also mentions, in passing, that the company "has a history of net losses and may not achieve profitability in the future." Those sentences exist together in the same public filing without apparent irony.
And by the way, Morningstar published a note Monday that may offer a clue about why Musk chose to set his own price rather than let the street discover it.
SpaceX set its IPO price on Wednesday at $135 per share, targeting a valuation of at least $1.75 trillion. Cool number, right?
But let’s be clear about what this means, because rather than running a traditional book-building process where institutional investors bid for shares and the market collectively discovers what the company is worth, Elon Musk is simply telling investors the price and inviting them to participate or not. For context, even Google let the market decide in 2004. Elon has rather predictably decided the market's opinion really shouldn't matter when it comes to his big baby **** e company.
The prospectus justifies the number by identifying what **** eX calls the "largest actionable total addressable market in human history," pegged at $28.5 trillion. For more context, the US GDP is roughly $32.4 trillion. The same document also mentions, in passing, that the company "has a history of net losses and may not achieve profitability in the future." Those sentences exist together in the same public filing without apparent irony.
And by the way, Morningstar published a note Monday that may offer a clue about why Musk chose to set his own price rather than let the street discover it.
1 day ago
While the tech sector as a whole has been on a tear, Meta Platforms (NASDAQ: META) hasn't followed suit. The leading social media stock is down 21% from its all-time high of $796 last August (as of May 29).
The main reason behind the slump is artificial intelligence (AI) spending. Meta's last three quarters have followed the same pattern: management raises capital expenditure (capex) guidance, investors get worried, and the share price drops. Most recently, Meta announced plans of $125 billion to $145 billion in capex in 2026, up $10 billion from previous guidance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Critics have compared these spending plans to Meta's big bet on the metaverse, which ended up being a high-profile failure. But there's a lot that this comparison misses.
The key difference between Meta's AI and metaverse spending is that AI generates measurable returns. Meta's AI-powered recommendation algorithms have helped drive improved engagement metrics and ad revenue. The social media company's Advantage+ suite of tools allows businesses to optimize and automate campaigns and offers generative AI tools for faster ad creation and a continuous stream of fresh content.
The main reason behind the slump is artificial intelligence (AI) spending. Meta's last three quarters have followed the same pattern: management raises capital expenditure (capex) guidance, investors get worried, and the share price drops. Most recently, Meta announced plans of $125 billion to $145 billion in capex in 2026, up $10 billion from previous guidance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Critics have compared these spending plans to Meta's big bet on the metaverse, which ended up being a high-profile failure. But there's a lot that this comparison misses.
The key difference between Meta's AI and metaverse spending is that AI generates measurable returns. Meta's AI-powered recommendation algorithms have helped drive improved engagement metrics and ad revenue. The social media company's Advantage+ suite of tools allows businesses to optimize and automate campaigns and offers generative AI tools for faster ad creation and a continuous stream of fresh content.
2 days ago
After several sluggish years for the IPO market, ******* eX (NASDAQ:SPCX) is preparing to make its public market debut in what could become the largest stock offering in history. The company plans to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX following the filing of its S-1 registration statement.
The proposed offering could value ******* eX at as much as $2 trillion, instantly making it one of the most valuable publicly traded companies in the world and reigniting excitement across Wall Street after a prolonged drought in major IPO activity.
Unlike many blockbuster IPOs that heavily favor institutional investors and large funds, ******* eX appears to be actively encouraging participation from retail traders.
In its S-1 filing, the company stated that, “Certain of the shares of Class A common stock offered hereby will, at our request, be offered to retail investors.”
According to the filing, shares are expected to be accessible through brokerage platforms including Charles Schwab (SCHW), Fidelity Investments, Robinhood (HOOD), SoFi Technologies (SOFI) and Morgan Stanley’s E*TRADE platform.
The proposed offering could value ******* eX at as much as $2 trillion, instantly making it one of the most valuable publicly traded companies in the world and reigniting excitement across Wall Street after a prolonged drought in major IPO activity.
Unlike many blockbuster IPOs that heavily favor institutional investors and large funds, ******* eX appears to be actively encouraging participation from retail traders.
In its S-1 filing, the company stated that, “Certain of the shares of Class A common stock offered hereby will, at our request, be offered to retail investors.”
According to the filing, shares are expected to be accessible through brokerage platforms including Charles Schwab (SCHW), Fidelity Investments, Robinhood (HOOD), SoFi Technologies (SOFI) and Morgan Stanley’s E*TRADE platform.
2 days ago
In the commodities **** et class in May 2026, ICE cocoa futures were the only commodity to post just below a double-digit percentage gain. Palladium, WTI, Brent crude oil, gasoline, heating oil, gasoline crack spreads, frozen concentrated orange juice, and Ethereum declined by over 10%. The leading stock market indices moved higher, while the long bond futures were steady. The dollar index rose by 0.95%. The long bond futures fell by 0.47%. A higher dollar and elevated interest rates weighed on many commodity prices.
A continued ceasefire and hopes of a settlement between Iran and the United States that opens the Strait of Hormuz, a critical logistical chokepoint for crude oil, sent crude oil, oil products, crack spreads, and fertilizer prices lower in May.
Oil Prices Soar as Iran Shuts Down US-Iran Ceasefire Negotiations
Oil Prices Soar as Iran Halts US-Iran Ceasefire Negotiations
Nat-Gas Prices Fall Back on Cooler Forecasts for the East
A continued ceasefire and hopes of a settlement between Iran and the United States that opens the Strait of Hormuz, a critical logistical chokepoint for crude oil, sent crude oil, oil products, crack spreads, and fertilizer prices lower in May.
Oil Prices Soar as Iran Shuts Down US-Iran Ceasefire Negotiations
Oil Prices Soar as Iran Halts US-Iran Ceasefire Negotiations
Nat-Gas Prices Fall Back on Cooler Forecasts for the East
2 days ago
US stocks moved modestly higher on Tuesday as investors ******* sed new jobs data and weighed the latest developments in the Middle East and in artificial intelligence.
The Dow Jones Industrial Average (^DJI) added 0.3%, while the benchmark S&P 500 (^GSPC) advanced 0.2%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2%, building on Monday’s record highs.
Alphabet (GOOG) stock edged lower after the company said it aims to raise $80 billion to realize its AI infrastructure plans. Hewlett Packard Enterprise (HPE), meanwhile, reported a record quarter driven by AI data center expansion, sending its stock up more than 20%.
Sentiment improved throughout the morning on Tuesday, following record highs for the major indexes, as prospects of a peace deal in the Middle East remained in focus. On Monday, President Trump intervened in a news cycle that was pointing to a breakdown in US-Iran negotiations, announcing Israel and Hezbollah had agreed to stop attacks. Shortly after, the president added that talks with Iran were continuing “at a rapid pace.”
Oil prices eased, with Brent crude (BZ=F) oil futures falling 0.3% to trade near $94 a barrel, while West Texas Intermediate crude (CL=F) futures dropped below $92 a barrel.
The Dow Jones Industrial Average (^DJI) added 0.3%, while the benchmark S&P 500 (^GSPC) advanced 0.2%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2%, building on Monday’s record highs.
Alphabet (GOOG) stock edged lower after the company said it aims to raise $80 billion to realize its AI infrastructure plans. Hewlett Packard Enterprise (HPE), meanwhile, reported a record quarter driven by AI data center expansion, sending its stock up more than 20%.
Sentiment improved throughout the morning on Tuesday, following record highs for the major indexes, as prospects of a peace deal in the Middle East remained in focus. On Monday, President Trump intervened in a news cycle that was pointing to a breakdown in US-Iran negotiations, announcing Israel and Hezbollah had agreed to stop attacks. Shortly after, the president added that talks with Iran were continuing “at a rapid pace.”
Oil prices eased, with Brent crude (BZ=F) oil futures falling 0.3% to trade near $94 a barrel, while West Texas Intermediate crude (CL=F) futures dropped below $92 a barrel.
2 days ago
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Sandisk Corporation (NASDAQ:SNDK) ranks 7th on this list.
Sandisk Corporation (NASDAQ:SNDK) has featured in the 13F portfolio of Situational Awareness LP since the third quarter of 2025. Back then, this position consisted of around 115,000 shares. In the fourth quarter of 2025, Leopold Aschenbrenner added to this holding by over 800%, growing it to over a million shares. Filings for the first quarter of 2026 reveal that the fund owns 1.14 million shares in the company, up 8% compared to the previous quarter. The firm develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally. The share price of Sandisk has jumped over 600% in the past six months.
Sandisk Corporation (NASDAQ:SNDK) has emerged as one of the most important AI plays, with investment advisory Barclays terming memory the most attractive vertical below accelerators. Training advanced LLMs and running Agentic AI applications creates massive data lakes that require high-speed, non-volatile memory and Solid State Drives (SSDs) rather than traditional spinning hard drives. In fiscal Q3 2026 earnings, SanDisk reported that Enterprise SSD revenue surged 114% year-over-year. This enterprise push drove total corporate gross revenue well past consensus Wall Street estimates. Shifting the sales mix away from low-margin consumer micro-SD cards and USB drives toward premium AI-optimized Enterprise Data Center SSDs expanded corporate Gross Margin to 44.5%, up 1,200 basis points from the historical baseline.
While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn and Chris Rokos Stock Portfolio: Top 10 Stock Picks.
Sandisk Corporation (NASDAQ:SNDK) has featured in the 13F portfolio of Situational Awareness LP since the third quarter of 2025. Back then, this position consisted of around 115,000 shares. In the fourth quarter of 2025, Leopold Aschenbrenner added to this holding by over 800%, growing it to over a million shares. Filings for the first quarter of 2026 reveal that the fund owns 1.14 million shares in the company, up 8% compared to the previous quarter. The firm develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally. The share price of Sandisk has jumped over 600% in the past six months.
Sandisk Corporation (NASDAQ:SNDK) has emerged as one of the most important AI plays, with investment advisory Barclays terming memory the most attractive vertical below accelerators. Training advanced LLMs and running Agentic AI applications creates massive data lakes that require high-speed, non-volatile memory and Solid State Drives (SSDs) rather than traditional spinning hard drives. In fiscal Q3 2026 earnings, SanDisk reported that Enterprise SSD revenue surged 114% year-over-year. This enterprise push drove total corporate gross revenue well past consensus Wall Street estimates. Shifting the sales mix away from low-margin consumer micro-SD cards and USB drives toward premium AI-optimized Enterprise Data Center SSDs expanded corporate Gross Margin to 44.5%, up 1,200 basis points from the historical baseline.
While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn and Chris Rokos Stock Portfolio: Top 10 Stock Picks.
3 days ago
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week. Cramer noted the stock hitting its all-time high, as he said:
After the close, club members beware, we have both Broadcom and CrowdStrike, two very important positions for the Trust. Both hit their all-time highs today, so I have to be a tad circumspect. You know how I feel when stocks run up ahead of a quarter… CrowdStrike’s going parabolic, though. It might be able to brave the profit takers on a good quarter, but it most likely would be greeted with some noticeable profit-taking… Any kind like the last, last few CrowdStrike quarters, because that’s an expensive stock. But the company’s been a bulwark against cyber criminals, especially since Anthropic privately released this Mythos and scared the ******* ens out of all of us.
Photo by Nicholas Cappello on Unsplash
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions. The company offers protection for endpoints, cloud systems, identities, and data. Cramer commented on the stock during the May 11 episode, as he stated:
Finally, check out the daily chart of my favorite. This is CrowdStrike. Now this one’s interesting, not as bullish. Lang points out that the stock made a double bottom over the past few months. It’s, by the way, the W pattern, that’s one I’ve always felt incredibly bullish. I really like that. CrowdStrike’s been on fire since the second bottom about a month ago, with the stock exploding higher on strong volume…
After the close, club members beware, we have both Broadcom and CrowdStrike, two very important positions for the Trust. Both hit their all-time highs today, so I have to be a tad circumspect. You know how I feel when stocks run up ahead of a quarter… CrowdStrike’s going parabolic, though. It might be able to brave the profit takers on a good quarter, but it most likely would be greeted with some noticeable profit-taking… Any kind like the last, last few CrowdStrike quarters, because that’s an expensive stock. But the company’s been a bulwark against cyber criminals, especially since Anthropic privately released this Mythos and scared the ******* ens out of all of us.
Photo by Nicholas Cappello on Unsplash
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions. The company offers protection for endpoints, cloud systems, identities, and data. Cramer commented on the stock during the May 11 episode, as he stated:
Finally, check out the daily chart of my favorite. This is CrowdStrike. Now this one’s interesting, not as bullish. Lang points out that the stock made a double bottom over the past few months. It’s, by the way, the W pattern, that’s one I’ve always felt incredibly bullish. I really like that. CrowdStrike’s been on fire since the second bottom about a month ago, with the stock exploding higher on strong volume…
