Eight Straight Up Days, $80B AI Mega-Deals, and Warren Buffett Buying Google — Welcome to the Irrational Exuberance Speedrun
Geopolitical optimism, the AI arms race, and a Buffett co-sign are sending markets into rare air — but breadth is getting thin up here
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| GOOGL Alphabet Inc. | buy | $365.49 | — | — | — |
| NVDA NVIDIA CORP | buy | $226.86 | — | — | — |
| ARM ARM HOLDINGS PLC /UK | buy | $407.00 | — | — | — |
| INTC INTEL CORP | sell | $107.90 | — | — | — |
| AAPL Apple Inc. | hold | $306.02 | — | — | — |
| HPE Hewlett Packard Enterprise Co | buy | $60.21 | — | — | — |
| RTX RTX Corp | buy | $174.34 | — | — | — |
| MGM MGM Resorts International | buy | $49.85 | — | — | — |
The S&P 500 closed at ~7,600 for its eighth consecutive winning session — which sounds amazing until you check the breadth and realize more stocks were actually declining than advancing. Classic bull market vibes: the party's raging but half the guests are sitting in the parking lot.
The big story is $GOOGL's jaw-dropping $80 billion equity raise — one of the largest ever — to fund AI compute, with Berkshire Hathaway dropping $10 billion for a direct placement. Fast Money traders are calling it the Apple investment redux, and honestly, when Warren Buffett co-signs your AI spending spree, the market tends to listen. Meanwhile $NVDA surged 6.3% on the RTX Spark superchip announcement, and Anthropic confidentially filed IPO paperwork, potentially beating OpenAI to the public markets this fall — a race that's heating up faster than a data center in July.
Macro-wise, US-Iran ceasefire optimism lifted sentiment broadly, though WTI crude topped $92/barrel — a reminder that geopolitical relief rallies have a funny way of keeping energy expensive. Eight green days in a row with thinning breadth, surging oil, and a treasury market in the 'danger zone': history says enjoy the champagne, just keep the cork handy.