Oil Spikes, AI IPOs Flood the Gate, and Berkshire Just Bought a House — Markets Are Doing a Lot Right Now
Iran headlines, an Anthropic IPO filing, Nvidia's PC ambitions, and Berkshire's housing bet all landed in the same news cycle. Pour yourself a drink.
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | buy | $224.48 | — | — | — |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | hold | $318.68 | — | — | — |
| MGM MGM Resorts International | buy | $51.15 | — | — | — |
| INTC INTEL CORP | sell | $109.62 | — | — | — |
| AMD ADVANCED MICRO DEVICES INC | hold | $511.71 | — | — | — |
| CPWR Ocean Thermal Energy Corp | hold | $0.01 | — | — | — |
Let's set the scene: Iran signals it's done talking to the US, and Brent crude jumps 6% to ~$97/barrel while WTI climbs 7% to ~$94/barrel. Meanwhile, Bloomberg's Matt Mishkin is on air warning that buying the S&P 500 right now is basically a 50% tech bet in disguise — and maybe you should have a Plan B. Bold of him to say it at the exact moment $NVDA is up 4.6% announcing a new ARM-based PC chip targeting Intel and AMD's living room. The irony is *chef's kiss*.
On the deal front, Berkshire Hathaway ($BRK.B) — now under new CEO Greg Abel — dropped $6.8 billion on homebuilder $TMHC at a 24% premium, a classically Buffett-esque move into single-digit P/E territory. Then Anthropic filed a confidential S-1 at a jaw-dropping $965 billion post-money valuation, making its IPO potentially the first trillion-dollar tech debut. $IBM somehow surged 11% because a six-month-old Trump video resurfaced on Reddit. Markets, everybody.
With the S&P up nine consecutive weeks and Tom Lee still bullish on AI tailwinds, the only real question is whether this freight train pauses between June and October — or whether Anthropic's IPO just turns into the biggest FOMO event since the dot-com era on steroids.