Alpha Coverage #166
AI, Robotics, Space, Quantum Computing, Climate Change/Energy Transition, Biotech/Genomics
Weekly newsletter bringing you a summary of unbiased, critical, thesis changing stock market news for long term impact. We cover news articles, opinion pieces and all forms of media to help you stay ahead of the curve. WealthWise Coverage Universe (Only for paying subscribers).
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[News] Robinhood CEO Vlad Tenev says firm approved as underwriter, eyes IPO disruption
Robinhood Markets (HOOD) has drawn attention after CEO and Co-Founder Vlad Tenev said via X that, “Robinhood Securities is now approved to serve as an underwriter.”
This move could be meaningful for the stock as it expands the company’s role from a trading platform to IPO underwriting, potentially unlocking higher-fee revenue streams and strengthening its position in capital markets.
Since IPO Access launched in 2021, retail participation in IPOs has shifted from an afterthought to a core allocation strategy, moving the debate from “why allocate to retail at all” to “how big can the allocation be.”
Tenev added that becoming an underwriter, not just a selling group member, is a natural step to better serve customers and issuers, with the company aiming to be disruptive in the space.
Link to Seeking Alpha News Article - Jun 09, 2026
TAN 0.00%↑ NXT 0.00%↑ FSLR 0.00%↑
[News] Solar overtakes coal in U.S. electricity mix in May
Solar has overtaken coal in U.S. electricity generation for the first month on record, according to official monthly and hourly generation data analyzed by think tank Ember.
Solar supplied a record 12.8% of U.S. electricity in May, while coal fell to 12.2% – its fourth-lowest monthly share ever. Natural gas remains the dominant electric source, accounting for 37% of the electricity mix in May.
Coal generation’s share in the U.S. electricity mix has declined 38% in the past five years, while solar power’s share has more than doubled over the same period.
Solar generated an all-time high total of 45.5 terawatt-hours (TWh), up 17% Y/Y, surpassing the previous record set in July 2025. This record could be broken again in the coming summer months, Ember noted.
The U.S. added 7.8 gigawatts of new solar capacity in the first quarter, according to a separate report released by the Solar Energy Industries Association and Wood Mackenzie.
Link to Seeking Alpha News Article - Jun 10, 2026
[News] Volvo to remove safety drivers in autonomous trucks in 2027 in partnership with Aurora
Volvo Autonomous Solutions announced that it will remove the safety driver and go fully driverless on U.S. highways during the first quarter of 2027 with the Volvo VNL Autonomous integrated with Aurora Innovation’s (AUR) Aurora Driver platform.
Volvo (VOLAF) (VLVLY) (VOLVF) highlighted that it can take up to four days to travel from California to New York. However, with autonomous transport, that trip can be shortened to two days.
Link to Seeking Alpha News Article - Jun 10, 2026
[News] Tesla wins Belgium, Denmark clearance for FSD supervised software
Tesla (TSLA) has received approval to offer its Full Self-Driving supervised driver-assistance software in Belgium after completing a series of tests in the country.
The decision makes Belgium the fifth EU country to authorize Tesla’s (TSLA) FSD supervised system, following approvals in the Netherlands, Lithuania, Estonia and Denmark. Denmark approved Tesla’s (TSLA) FSD suite on Tuesday.
Link to Seeking Alpha News Article - Jun 11, 2026
[News] U.S. becomes world’s top oil exporter, breaking Saudi-Russian decades-long grip
The U.S. has surpassed Saudi Arabia and Russia to become the world’s largest oil exporter, in a sharp reversal after decades of dependence on Middle Eastern oil.
Aided by disruptions in Saudi oil exports from the Iran war and Russian oil exports from Ukrainian drone attacks, the U.S. was the top global exporter for the third month in a row in May, Reuters reported Thursday, supported by data from the Vortexa ship tracking service shows.
U.S. exports of crude and fuel climbed to ~10.5M bbl/day last month amid strong production and the release of strategic reserves, while Russian exports totaled 7M bbl/day and Saudi exports slid to 5.9M bbl/day.
In 2025, Saudi Arabia exported ~8.1M bbl/day, while the U.S. shipped out 6.6M bbl/day, and Russian exports totaled ~5.8M bbl/day, according to Vortexa.
Crude and liquids output in the U.S. has nearly tripled to ~22M bbl/day since 2000, Saudi crude and liquids output has largely fluctuated in the 10M-12M bbl/day range depending on OPEC quotas between 2000 and 2026, and Russian output has largely stagnated and declined to below 10M bbl/day since 2020.
The U.S. in 2015 repealed a 40-year export ban it had maintained since the 1973 Arab oil embargo, opening the gates for its oil boom to the wider world, and now leads the world, countering skeptics who warned that the growth would be short-lived as fields deplete.
Link to Seeking Alpha News Article - Jun 11, 2026
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[News] Trump says Iran deal could be signed this weekend in Europe; Tehran yet to decide
When asked by a reporter whether Iran’s Supreme Leader Mojtaba Khamenei had approved the deal, Trump said, “I understand the answer is yes.”
However, Iran swiftly tempered expectations. Foreign Ministry spokesperson Esmaeil Baghaei said no final decision had been taken on any agreement with Washington. He added that large portions of the negotiating text had been completed but said no final conclusion had been reached.
Baghaei said the matter remained under review by Iranian decision-making bodies and accused Washington of repeatedly changing its positions during negotiations.
An Iranian Foreign Ministry spokesperson said, “we have not yet reached a conclusion on this matter,” while acknowledging progress in efforts to end the conflict.
Since mid-March, Trump has repeatedly touted progress toward a deal with Iran, but continued military exchanges this week have underscored the challenges facing negotiations and strained an already fragile ceasefire reached in April.
Despite reports of a potential U.S.-Iran agreement that would require a ceasefire in Lebanon and troop withdrawals, Israel has rejected the terms, with Prime Minister Benjamin Netanyahu stating that Israel is not a party to the negotiations and will not be bound by any deal. Defense Minister Israel Katz reaffirmed that Israeli forces will remain in security zones in Lebanon, Syria, and Gaza, signaling that Israel intends to continue its military operations independently of any agreement between Washington and Tehran.
The United Arab Emirates plans to provide at least $10B to Iran, according to Reuters
Citing sources, the news service said that the figure could grow to as much as $20B. More than $3B has already been released.
The deal was made in exchange for Iran agreeing not to attack the Gulf state.
The money is coming from frozen Iranian oil revenues.
Amid these broader geopolitical tensions, three Indian sailors were killed when the US military conducted a precision strike on the Palau-flagged commercial oil tanker MT Settebello in the Gulf of Oman. The United States justified the deadly strike by claiming the vessel repeatedly failed to follow directions and was violating an American naval blockade to transport Iranian oil
Link to Seeking Alpha News Article - Jun 12, 2026
Link to Seeking Alpha News Article - Jun 12, 2026
WealthWise Research - Jun 12, 2026
[News] SpaceX makes historic debut
SpaceX makes historic debut: SpaceX (SPCX) shares officially opened on the Nasdaq at $150, an 11% gain from the $135 IPO price, in what became the most valuable company ever to go public with an initial valuation of $1.75T.
Shares ended the day at $160.95, up 19.2%, after touching a high of $176.52 earlier in the session.
The offering raised $75B and was oversubscribed by a factor of four, with more than $350B in total orders placed. The debut made Elon Musk the world’s first trillionaire, with his stake in SpaceX now worth roughly $866B.
SpaceX (SPCX) is poised to more than triple its revenue over the next two years, according to Matt Kennedy, senior IPO market strategist at Renaissance Capital.
Kennedy said the projected growth, driven primarily by artificial intelligence infrastructure and the company’s Starlink connectivity business, could ultimately justify the company’s $1.75T valuation.
While acknowledging that SpaceX (SPCX) saw only 15% revenue growth in the first quarter, Kennedy emphasized that the company is “not going public off of its most recent quarter. It’s going public off of what it can do in the next few years.”
Link to Seeking Alpha News Article - Jun 12, 2026
Link to Seeking Alpha News Article - Jun 12, 2026
Link to Seeking Alpha News Article - Jun 12, 2026
AIQ 0.00%↑ META 0.00%↑ UBER 0.00%↑ MSFT 0.00%↑
[News] Meta to curb employees AI usage — The Information
To rein in ballooning data costs, Meta Platforms (META) will begin limiting employees use of AI tokens.
The company is reportedly building an internal platform that will track AI usage, set budgets, and establish limits on token spending, according to The Information.
The guardrails also include automated alerts for unusual spending spikes.
“This is a priority, and we’re focused on using AI to help employees with their day-to-day work,” according to a statement from the company shared with The Information.
Meta (META) joins Microsoft (MSFT) and Uber Technologies (UBER) who have also established AI spending curbs.
Link to Seeking Alpha News Article - Jun 12, 2026
News, Facts, Analyst & Market Commentary - Short Reads:
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Iran fires new missile barrages at Israel as ceasefire strains
Iran’s Islamic Revolutionary Guard Corps said it had carried out a new missile strike against Israel, citing Israeli military actions in southern Lebanon, according to the semi-official Tasnim news agency. The statement also cautioned against further retaliation.
The latest escalation followed an Israeli strike on what Prime Minister Benjamin Netanyahu described as a Hezbollah command center in Beirut’s southern suburbs, a stronghold of the Lebanese group. Lebanon’s health ministry said the attack killed two people and wounded 20 others, including women and children.
Iran has linked any broader agreement with Washington to a halt in fighting in Lebanon.
Link to Seeking Alpha News Article - Jun 07, 2026
Link to Seeking Alpha News Article - Jun 07, 2026
ITA 0.00%↑ USO 0.00%↑ FCG 0.00%↑ TLT 0.00%↑ GLD 0.00%↑
Trump says Israel and Iran looking for immediate ceasefire
“Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE!” Trump posted on Truth Social. “Final negotiations on ‘Peace’ are proceeding, subject to ignorance or stupidity getting in its way.”
The comments came after Trump earlier urged the two countries to stop exchanging fire, writing that Israel and Iran must immediately stop “shooting.”
Crude oil futures pulled back from gains of as much as 5% earlier Monday after Iran’s military said it has ceased strikes against Israel, while warning it would resume hostilities if Israel continues operations in Lebanon.
Link to Seeking Alpha News Article - Jun 08, 2026
Link to Seeking Alpha News Article - Jun 08, 2026
IPFX 0.00%↑ #QSPC
[Newsletter Exclusive] Quantum Space to go public via SPAC deal with Inflection Point
Quantum Space has agreed to go public through a merger with special purpose acquisition company Inflection Point Acquisition Corp. VI (IPFX), seeking a listing on the Nasdaq under ticker symbol “QSPC.”
The transaction, unanimously approved by the boards of both companies, is expected to close in the fourth quarter of 2026, subject to shareholder approval and customary closing conditions.
Quantum Space has a pre-money equity value of $600M. Post-transaction, Quantum Space is expected to have an equity value of ~$1.2B, assuming no redemptions by Inflection Point’s public shareholders.
Existing Quantum Space equity holders are expected to retain ~50% ownership in the pro forma company.
In addition to ~$253M held in Inflection Point’s trust account (assuming no redemptions by the public stockholders), the transaction includes commitments for a convertible PIPE at $12 per share of approximately $300M. The PIPE is being led by Inflection Point Asset Management, with participation from additional new institutional investors.
Quantum Space plans to use the proceeds to accelerate production of its Ranger platform and expand its manufacturing footprint.
Link to Seeking Alpha News Article - Jun 08, 2026
American Battery Technology wins appeal for Tonopah Flats lithium project DoE grant
American Battery Technology (ABAT) up 31.8% pre-market Monday after saying it won its appeal with the U.S. Department of Energy to reinstate its grant award supporting the $115M construction of phase one of its lithium refinery at the Tonopah Flats lithium project in Nevada.
The grant was reinstated in its entirety, with no change to funds awarded, to technical and commercial milestones, the company said.
American Battery Technology (ABAT) was selected in October 2022 for the five-year DoE grant to support the construction of the commercial-scale refinery with an initial capacity of 5K metric tons/year of battery-grade lithium hydroxide, then completed the first two years of the contracted grant, and was selected by the White House’s National Energy Dominance Council for fast-track permitting as a critical mineral priority project; however, the project was of several DoE grants that received a termination notice in October 2025.
The company submitted an appeal and entered the informal dispute resolution process with the DoE; following technical and commercial reviews and a final meeting in December 2025, the DoE has concluded that “recission of the termination notice and continuation of the project is warranted,” the company said.
Link to Seeking Alpha News Article - Jun 08, 2026
$CRBS
Cerebras rebounds as Wall Street starts coverage, sees ‘unique’ capabilities
Morgan Stanley (Overweight, $250 price target)
“We view Cerebras as one of the most differentiated AI infrastructure companies, built around the industry’s only commercially deployed wafer-scale processor,” Morgan Stanley analyst Joseph Moore wrote in a note to clients. “As AI workloads become increasingly reasoning-intensive, demand for fast, low-latency inference is growing rapidly. Supported by a large contracted backlog and a 750MW committed capacity agreement, we believe Cerebras is well positioned to capture this opportunity. This is a unique chance to invest in an AI processor company with a first-mover advantage against NVIDIA, and offers substantial upside as the category evolves.”
UBS (Buy, $300 price target)
“The Cerebras Wafer-Scale Engine (“WSE”) is the world’s largest compute chip and offers performance advantage over GPUs on a subset of fast inference applications that address a premium segment of the inference market,” UBS analyst Timothy Arcuri wrote in a note to clients. “Importantly, CBRS has shown strong commercial momentum with a broad engagement as the only supplier currently shipping to OpenAI under a pre-payment, a growing inference collaboration with Amazon, and a number of additional potential engagements.
Needham (Buy, $300 price target)
“Cerebras is the only supplier of Wafer-Scale Engines, which have orders of magnitude higher SRAM capacity and memory bandwidth than any other AI processor,” Needham analyst N. Quinn Bolton wrote in a note to clients. “The WSE is tailored for fast inference workloads that require low latency, including real-time coding and instant research agents. In January 2026, the company announced a $20BN+ compute deal with OpenAI whereby OpenAI will deploy ~750MW of Cerebras compute capacity through 2028, with an option for an additional 1.25GW. In March, Cerebras announced a collaboration with AWS for disaggregated inference. Should OpenAI exercise its option for the additional 1.25GW of capacity or Amazon take delivery of any meaningful amount of Cerebras systems, we see significant upside potential to our current model.”
Wedbush (Outperform, $270 price target)
“Cerebras is the only company to have commercialized wafer-scale AI silicon, and it reaches the public market just as the compute cycle pivots from training to inference; the part of the market where speed, not raw FLOPs, dictates output value,” Wedbush analyst Matt Bryson wrote in a note to clients. “Cerebras’s third-generation Wafer-Scale Engine (WSE-3) is the largest chip ever sold, purpose-built for the one job that defines the high-value end of inference: generating tokens fast. With a differentiated architecture, a step-change in contracted revenue from OpenAI and AWS, and a market only now learning to pay for speed, we see an asymmetric, upside-skewed setup.”
Link to Seeking Alpha News Article - Jun 08, 2026
NVDA 0.00%↑ P 0.00%↑ NBIS 0.00%↑
Nvidia GPU demand stays strong as Blackwell becomes more difficult to acquire: Wedbush
Nvidia (NVDA) continues to see elevated demand for its Grace Blackwell systems, including the GB300 and the B300, as several customers indicated these are becoming more difficult to source, according to Wedbush.
“We do not recall availability issues this late in an NVDA accelerator cycle since Ampere/Hopper, a result that to us suggests demand is lifting at a more rapid pace than previously expected,” said Wedbush analysts Matt Bryson and Antoine Legault in a Monday investor report.
Although supply constraints, particularly around memory, remain a primary reason for availability issues, Wedbush noted that Nvidia is “the best situated of the entire technology ecosystem in terms of current supply chain positioning.” Nvidia moved ahead of its competitors in acquiring DRAM and HBM supply for 2026 and has likely already done the same for 2027.
“While we certainly aren’t suggesting that NVDA’s peers (and/or customers) haven’t also secured future supply commitments, rather we believe it is unlikely that any other silicon design house, CSP, OEM, etc., isn’t facing at least the same headwinds (if not greater) in securing incremental parts for any upside requirements,” Bryson added.
Regarding memory, Wedbush believes Everpure (P) might be one of the best ways for investors to take part in sustainable NAND and DRAM price hikes.
“With pricing already up 70% (and seemingly set to go higher as the year progresses), this outlook when translated to revenues would imply lifting sales momentum over the course of the year (in sharp contrast with management’s guidance),” Bryson noted. “And this outlook makes far more sense given P’s favorable positioning in a higher-priced commodity environment given we believe P uses less NAND (no overprovisioning), cheaper NAND (consumer grade), and less DRAM (per bit of storage) than peers.”
Nvidia (NVDA) is partnering with South Korea’s LG Group (LGEIY) on humanoid robots and next-generation data centers, underscoring Nvidia’s (NVDA) push into “physical AI” applications beyond traditional AI chips.
South Korean internet giant NAVER (NHNCF) will use Nvidia (NVDA) technology to build AI factories starting with AI infrastructure expansion at GAK Sejong.
NAVER (NHNCF) will expand its sovereign AI infrastructure using Nvidia’s (NVDA) DSX platform, beginning with a 55-megawatt deployment and planning to scale to gigawatt capacity. The platform will be used to rapidly design, build, and scale full-stack, end-to-end AI platforms that can serve enterprises, industries, and government.
Nvidia (NVDA) said SK Telecom (SKM) plans to build a gigawatt-scale AI Cloud in South Korea using the U.S. company’s DSX platform, with the first AI factory planned to come online in 2027.
Nebius (NBIS) said it is investing about £1.7B to build out capacity in the U.K. with three new deployments of Nvidia (NVDA) infrastructure.
The three new sites will also deploy the latest generations of Nvidia’s full-stack, end-to-end AI factory platform technology. Combined, the deployments will reach 65 MW when fully ramped up in 2027.
Link to Seeking Alpha News Article - Jun 08, 2026
Link to Seeking Alpha News Article - Jun 08, 2026
Link to Seeking Alpha News Article - Jun 08, 2026
Link to Seeking Alpha News Article - Jun 08, 2026
Link to Seeking Alpha News Article - Jun 08, 2026
Ormat Technologies finalizes largest geothermal power plant design
Ormat Technologies (ORA) up 2.1% in early trading Monday after saying it developed a geothermal power plant design that would be engineered to deliver higher output than any other binary solution currently on the market, capable of producing 100 MW of electricity from the earth’s heat.
Ormat’s (ORA) Ormega100 design would double the electrical output of its current largest operating model, CEO Doron Blachar told Reuters.
The Omega100 would use an enhanced geothermal system, a method that injects water a mile-and-a-half deep into the ground to capture heat generated from the earth’s core; traditional geothermal relies on much shallower natural underground water reservoirs, making power production more site-specific than advanced geothermal methods.
Ormat (ORA) is advancing two strategic pilot programs that combine its industrial capabilities with new enhanced geothermal system technologies to deliver potentially transformative EGS solutions focused on expanding geothermal deployment.
Once the pilot programs have been proven, Ormat (ORA) plans to begin construction of the Ormega100, a process that typically takes 18-24 months, Blachar told Reuters.
Link to Seeking Alpha News Article - Jun 08, 2026
Sandisk, Seagate and Western Digital see bullish views at Mizuho on AI-driven memory demand
Mizuho analysts led by Vijay Rakesh noted a potential more than 35M Google’s (GOOG) (GOOGL) Tensor Processing Units, or TPU shipments in 2028E (up eight times from 2026 about 4.3M, and 2025 around 2.4M), as Google looks to scale TPU externally with Anthropic and others. The analysts noted that it is significantly above their estimates of about 7M ASIC shipments for Broadcom, implying significant upside.
Additionally, the analysts noted that Broadcom could see 50M total TPU shipments from 2026 to 2028, which provide some upside alongside accelerating demand for Meta (META) Meta Training and Inference Accelerator, or MTIA, v3/4/5 and OpenAI’s upcoming ASIC, which Broadcom will be a key partner. Given the strength around upcoming ASIC ramps, the analysts noted that they have raised their Broadcom AI revenue by customer estimates to 2027 at $122B (prior $120B) and introduced 2028 at $170B, with TPU remaining its flagship product.
“Buy the AVGO pullback; we believe investor concerns with ASIC/GPU share and MTK competition are overblown,” said Rakesh and his team. “We believe the upside scenario for TPU ASICs for 2028 and upcoming OAI/MTIA/ARM ASICs are all positive for memory (MU/SNDK) and storage (WDC/STX) attach.”
Link to Seeking Alpha News Article - Jun 08, 2026
AST SpaceMobile sets June 17 launch for BlueBird 8, 9, and 10 satellites
AST SpaceMobile (ASTS) said the launch of its BlueBird 8, 9, and 10 satellites is scheduled for June 17, 2026, from Cape Canaveral, Florida, aboard a SpaceX (SPCX) Falcon 9 rocket.
Liftoff is targeted for 2:39 a.m. EDT, with a launch window extending until 4:15 a.m.
The mission will deploy three next-generation BlueBird satellites designed to expand AST SpaceMobile’s direct-to-device broadband network, which enables voice, data, and video connectivity directly to standard, unmodified smartphones.
AST SpaceMobile said the new satellites are expected to deliver nearly double the peak data speeds achieved by its first-generation Block 1 BlueBird satellites, which recently reached download speeds of 98.9 Mbps directly to smartphones.
Like the BlueBird 6 satellite currently in orbit, BlueBirds 8, 9, and 10 feature communications arrays spanning approximately 2,400 square feet, making them among the largest commercial communications arrays ever deployed in low Earth orbit.
Link to Seeking Alpha News Article - Jun 09, 2026
Vertical Aerospace reaches another milestone on the path toward certification
Vertical Aerospace (EVTL) announced on Tuesday that its latest and final full-scale prototype of its hybrid-electric Valo aircraft has completed its first piloted flight at the company’s UK Flight Test Centre.
The new aircraft is identical to Vertical Aerospace’s (EVTL) existing full-scale prototype and will be used to accelerate flight testing across all phases, including thrustborne, wingborne, and transition flight, while also supporting future public demonstrations. Notably, the prototype is the last to be built before the company’s “Critical Design Review,” which will freeze the certifiable aircraft configuration and pave the way for the assembly of its first pre-production aircraft.
Link to Seeking Alpha News Article - Jun 09, 2026
Arista unveils new AI networking systems as demand for larger clusters grows
The company said its new 7060XE7 series delivers network speeds of up to 1.6 terabits per second per port and is designed to connect tens of thousands of AI chips used for training and running AI models.
Arista said the systems are built to support both traditional air-cooled and newer liquid-cooled data centers, which are becoming more common as AI workloads drive higher power consumption. It uses Broadcom’s (AVGO) Tomahawk 6 networking chips.
Arista’s Etherlink portfolio marks a shift from selling standalone switches to offering rack-scale networking systems for AI infrastructure.
The first air-cooled systems are expected to be available in the fourth quarter of 2026, while additional air-cooled and liquid-cooled models are scheduled for release in the first quarter of 2027.
Link to Seeking Alpha News Article - Jun 09, 2026
Nebius surges after launching NVIDIA-backed Physical AI Lab; eyes UK, European startups
The six-month program will give UK and European robotics startups access to NVIDIA’s physical AI tools and Nebius AI Cloud infrastructure, helping them move faster from simulation to real-world deployment.
The first cohort will begin in September 2026, with plans to expand the initiative to other regions over time.
The first phase will run on Nebius’ UK infrastructure powered by NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs, further deepening the companies’ partnership.
Link to Seeking Alpha News Article - Jun 09, 2026
AI job crisis nowhere to be found as hiring remains strong, Apollo says
Apollo Chief Economist Torsten Slok pointed to several key labor market indicators that remain resilient despite growing adoption of artificial intelligence across industries. One of the most closely watched measures, the ratio of job openings to unemployed workers, has recently moved higher and now sits above 1.0. That level indicates there are still more available positions than workers actively seeking employment, suggesting demand for labor remains strong.
The latest employment figures further support that view. The May jobs report showed nonfarm payrolls increased by 172,000, exceeding expectations and signaling continued strength in hiring activity across the economy.
According to Slok, if artificial intelligence were causing a significant jobs crisis, labor market conditions would likely look very different, with job openings falling sharply and unemployment rising. Instead, current data continue to reflect a healthy labor market with employers actively seeking workers.
Link to Seeking Alpha News Article - Jun 09, 2026
GOOGL 0.00%↑ #OpenAI #Anthropic
Gemini and Claude continue to chip away at ChatGPT’s market share: BNP
Gemini’s share of worldwide AI chatbot traffic inched up to 29.9% in May compared to 29.4% in April, while Claude visits increased to 9.8% versus 8.8% the month prior. Meanwhile, ChatGPT remained the overall leader with more than 60% of market share, but its share of worldwide visits has steadily eroded as it held more than 90% in early 2025.
Link to Seeking Alpha News Article - Jun 09, 2026
ITA 0.00%↑ USO 0.00%↑ FCG 0.00%↑ TLT 0.00%↑ GLD 0.00%↑
Trump vows U.S. response after Iran shoots down military helicopter
On Tuesday, U.S. Central Command said that a U.S. AH-64 Apache went down near the coast of Oman on Monday evening. Both crew members were successfully rescued within two hours by Navy and 82nd Airborne units.
U.S. President Donald Trump on Tuesday promised to retaliate against Iran for downing an American military helicopter, a development poised to further strain relations with the country.
The United States launched retaliatory strikes against Iran on Tuesday in response to the shooting down of an American helicopter gunship near the Strait of Hormuz.
The strikes, which the military said were “a proportional response to unjustified Iranian aggression,” reportedly targeted Iranian air defenses and radars near the Strait of Hormuz.
Iran reportedly targeted several Gulf countries after the U.S. launched attacks on the Middle Eastern nation earlier on Tuesday stateside.
Jordan’s military said Wednesday local time that it had intercepted five Iranian missiles, according to state media, while Bahrain sounded alarms and Kuwait activated its air defenses to intercept “hostile aerial targets.”
Link to Seeking Alpha News Article - Jun 09, 2026
Link to Seeking Alpha News Article - Jun 09, 2026
Link to Seeking Alpha News Article - Jun 09, 2026
Link to Seeking Alpha News Article - Jun 10, 2026
#Anthropic
Anthropic unveils new Claude Fable 5, Claude Mythos 5 models
The Dario Amodei-led company said Claude Fable 5 is a Mythos-class model that is “safe for general users,” amid some concerns that its Mythos models are too dangerous to be used by the public.
Despite the fact Anthropic said Fable 5 is safe for general use, there are some safeguards attached to it, including the fact that some queries will get responses from Claude Opus 4.8, released last month.
Claude Mythos 5 is essentially the same model as Fable 5, Anthropic said, but the safeguards were lifted in some areas, Anthropic explained. It will be deployed through Project Glasswing, Anthropic said.
Fable 5 and Mythos 5 are being offered at $10 per million input tokens and $50 per million output tokens, Anthropic added.
Fable 5 will be included as part of Anthropic’s Pro, Max, Team, and seat-based Enterprise plans from now until June 22. Thereafter, it will be removed from those plans and require usage credits.
Link to Seeking Alpha News Article - Jun 09, 2026
WeRide targets European expansion with level 4 autonomous vehicle rollout in Slovakia
WeRide (WRD) Wednesday announced plans to commercialize its multi-product level 4 autonomous vehicle portfolio in Slovakia, with the first batch of self-driving vehicles scheduled to arrive in the country this month.
Testing will begin in Bratislava, before expanding to Košice and the High Tatras region. Selected models are also expected to enter public commercial operations in 2026, paving the way for fully driverless commercial deployment upon meeting all Slovak and European Union regulatory and safety requirements.
Link to Seeking Alpha News Article - Jun 10, 2026
Tesla struggles with long robotaxi wait times in Austin with less than 60 vehicles in operation
Bloomberg’s test of Tesla (TSLA) robotaxi rides in Austin did not go smoothly. Over the last few weeks, a reporter experienced wait times as long as 30 minutes and saw periods of being barred from booking rides.
Notably, one Tesla (TSLA) robotaxi failed to start after arriving for a pickup, directing the reporter to contact customer support for assistance. In addition, the pickups and drop-offs were not executed seamlessly, forcing the rider to walk to spots several buildings away despite nearby open positions.
Tesla (TSLA) only has 59 vehicles in the Austin robotaxi fleet, according to Bloomberg’s review of public filings.
Link to Seeking Alpha News Article - Jun 10, 2026
Autonomous freight trucking company Einride begins trading with a market cap over $1.3B
Autonomous freight trucking company Einride AB (ENRD) began trading on Wednesday on the Nasdaq after completing a merger with special purpose acquisition company Legato Merger Corp. III (LEGT).
Einride is a Swedish technology company focused on developing electric and autonomous freight transport solutions. Since its founding in 2016, Einride has rapidly emerged as a pioneer in the autonomous trucking industry, blending electrification, advanced AI, and data-driven logistics into a proprietary ecosystem for freight operations.
Einride (ENRD) deploys technologies that are integrated using its data-driven operating system, Saga, to enable customers to decarbonize their operations by making an immediate shift towards digitalized, electric road freight. Notably, Einride (ENRD) became the world’s first company to operate an autonomous, electric freight vehicle on a public road in 2019. Today, Einride leverages its suite of AI planning tools to match customer demand with optimized vehicle operations.
“With a current run-rate ARR of approximately $45 million and a total contracted base of $65 million ARR in signed customer contracts, Einride has achieved strong commercial validation with a customer base of blue-chip global transport buyers. Additionally, the Company has a base of more than $800 million of potential long-term ARR within its joint business plans, which are detailed scaling plans with customers for the continued expansion of electric and autonomous deployments. The company’s operational excellence is evidenced by its 99.7% on-time performance rate, which showcases both the reliability and scale of its electric freight operations,” read part of a statement from the company.
The Stockholm-based company also highlighted that it is a partner to some large companies taking the first steps together towards smart road freight, including PepsiCo (PEP), Heineken (HEINY), DP World, GE Appliances (GE), Philips, Mars, Carlsberg (CABGY), and Lidl.
Link to Seeking Alpha News Article - Jun 10, 2026
Amazon says Graviton5 CPU is now generally available to customers
The Graviton5 CPU, which was unveiled in December 2025, offers up to 25% better compute performance than the previous generation and maintains energy efficiency, Amazon said.
Since it was previewed late last year, Meta (META) inked a deal in April to use tens of millions of Graviton chips to deploy its agentic AI efforts. Financial details of the deal were not made public at the time, but it is expected to last for at least three years.
Uber (UBER) and Snowflake (SNOW) have also signed deals to deploy Graviton for their respective agentic workloads.
More than 120,000 customers have already started building on Graviton chips, Amazon added.
Each Graviton5 core has access to 2.6x more L3 cache than the Graviton4. It also has 15% to 20% more network and storage bandwidth. It is built with 3-nanometer technology, which was also used on AWS’ new Trainium3 chip.
Link to Seeking Alpha News Article - Jun 10, 2026
Midday Need to Know: CPI rises, Gold extends decline & more
U.S. consumer prices accelerate: The Consumer Price Index rose 4.2% year-over-year in May, matching expectations and accelerating from 3.8% in April, according to the Bureau of Labor Statistics. On a monthly basis, CPI increased 0.5%, with energy costs accounting for more than 60% of the gain after climbing 3.9% during the month. Core CPI, which excludes food and energy, rose 2.9% annually, moving further from the Fed’s 2% goal.
As per the CME FedWatch tool, markets are now pricing a 96.2% probability that the Federal Reserve will keep rates unchanged at 3.50%–3.75% in the June 17, 2026, FOMC meeting, with only a 3.8% chance of a cut.
Link to Seeking Alpha News Article - Jun 10, 2026
Link to Seeking Alpha News Article - Jun 10, 2026
$WLT GOOGL 0.00%↑
Walmart and Alphabet’s Wing expand their drone delivery program
As part of the broad plan to build a network of 270 locations, Wing and Walmart plan to expand to Memphis, New Orleans, Philadelphia, Phoenix, San Diego, San Francisco Bay Area, and Salt Lake City.
With well over one million commercial deliveries completed, Wing said it is helping Walmart (WMT) make retail drone delivery an everyday reality in cities from Dallas-Fort Worth and Houston to Atlanta.
Once drone delivery is available, customers within delivery range will see the option on the Walmart app or website based on the address associated with their account. Customers can also place a delivery directly through the Wing app.
Link to Seeking Alpha News Article - Jun 10, 2026
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Crude oil spikes as U.S. launches fresh wave of strikes against Iran
U.S. crude oil surged nearly 4% after-hours Wednesday as the U.S. began launching strikes in Iran, U.S. Central Command said.
The U.S. military began strikes at 5:15 p.m. ET on Wednesday against multiple targets in Iran, Centcom said.
Link to Seeking Alpha News Article - Jun 10, 2026
[Newsletter Exclusive] ECB raises rates by 25 bps for first time in three years to fight war-driven inflation
The European Central Bank raised its key interest rates on Thursday by 25 basis points, marking its first rate hike in nearly three years in a widely expected move to combat surging regional inflation triggered by the war in Iran.
Link to Seeking Alpha News Article - Jun 11, 2026
Energy Fuels expects to hit full-year uranium production target by mid-year
Energy Fuels (UUUU) said it expects to reach output of ~1.6M lbs of uranium by the end of June, which falls within its previously stated guidance range of 1.5M-2.5M lbs for the year.
The company also said permitting for planned phase 1 modifications and phase 2 rare earth expansion in Utah is proceeding on schedule, with phase 1 expected to become operational in late 2027 to early 2028.
Link to Seeking Alpha News Article - Jun 11, 2026
#SKHynix
SK Hynix Chairman says company will triple wafer capacity by 2034
“Since we’re proceeding with the plan to expand as much as possible, our calculations show that our wafer capacity will double within five years,” Chey said in an interview with Nikkei Asia. “But honestly, once all these facilities are built, it won’t just double, it will triple by around 2034. People are already saying that even this won’t be enough.”
The company is building four chip fabs in South Korea, with the first phase of one of them set to open next year. Nonetheless, construction, which was set to last until 2045, has been pushed forward due to the insatiable demand for memory, spurred on by artificial intelligence. “There is currently no way to move faster than this,” Chey added.
Link to Seeking Alpha News Article - Jun 11, 2026
Oklo clears regulatory hurdle for advanced Aurora reactor at Idaho National Laboratory
Oklo (OKLO) up 2.2% pre-market Thursday after saying the U.S. Department of Energy approved the Preliminary Documented Safety Analysis for the company’s Aurora powerhouse at Idaho National Laboratory under the DoE’s Reactor Pilot Program.
Oklo (OKLO) said the safety analysis approval is a major step under the DoE’s RPP authorization pathway and represents a detailed review of the preliminary safety basis for Aurora-INL, including the project’s hazard analysis, accident analysis, safety controls, and design commitments.
Aurora-INL will be the first of Oklo’s (OKLO) planned fast fission power plants and has been granted access to recovered fuel from the Experimental Breeder Reactor-II following a competitive DoE process launched in 2019.
Link to Seeking Alpha News Article - Jun 11, 2026
#BTC #ETH #SOL
Japan gives crypto stock-like status: New rules, ETFs, tax cuts, and more inside
The parliament is reportedly expected to approve legislation that classifies Bitcoin (BTC-USD), Ethereum (ETH-USD), Solana (SOL-USD), XRP (XRP-USD), Cardano (ADA-USD), Chainlink (LINK-USD), and other digital assets as financial instruments under the same Financial Instruments and Exchange Act governing stocks and bonds.
The bill, which has already passed the Lower House on Thursday, is expected to take effect next year, reported The Japan Times.
One of the most significant changes is taxation. Capital gains on crypto holdings will fall from a maximum tax rate of 55% to a flat 20%, matching stocks and bonds, with the change expected in 2028.
Japan Exchange Group expects crypto-tracking ETFs to launch as early as next year.
Link to Seeking Alpha News Article - Jun 11, 2026
Coinbase launches tool for agentic trading, payments
Coinbase Global (COIN) introduced a tool on Thursday that allows Coinbase users to connect their accounts to agents, such as ChatGPT or Claude, to trade crypto, pay for services, and operate autonomously, the company said.
Coinbase for Agents is a standalone tool built for agents to trade, pay, and operate on their own with spending limits and guardrails built in. It “brings your Coinbase account into any AI agent you already use, like Claude or ChatGPT,” it said.
Initially, the tool can trade crypto spot markets and derivatives, operating either out of its own isolated portfolio or directly from the user’s main account balance. It plans to add equities, prediction markets, and everything else available on Coinbase (COIN).
Link to Seeking Alpha News Article - Jun 11, 2026
Waymo launches invite-only membership program
For $30 per month, Waymo (GOOG) (GOOGL) will give riders priority pickups, flexible cancellations, 10% cash back, and early access in new cities with its new membership program, Waymo Premier.
The $29.99 per month membership is being initially offered only to select riders in San Francisco, Los Angeles, and Phoenix, but will be scaled to more cities where the Waymo app is available.
The membership program aims to capitalize on demand in its most popular cities and establish loyalty with its frequent riders as the company braces for competition from Tesla (TSLA) and other disruptors in the autonomous vehicle space.
Link to Seeking Alpha News Article - Jun 11, 2026
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Trump says U.S.-Iran deal may be finalized as soon as this weekend
Speaking at the start of an Oval Office event, Trump said the documents were in “pretty final shape” and that a signing ceremony could take place soon, potentially in Europe, with Vice President JD Vance in attendance.
Earlier, Trump said he canceled planned military strikes against Iran, hours after threatening more attacks because discussions with Iran “have been brought to the highest level of Iranian leadership and approved,” and that final points have been approved by all parties involved, although the U.S. naval blockade of the Strait of Hormuz will remain in force until a deal is finalized.
Iranian news agency Fars reported leaders have yet to approve the text of any deal with the U.S., citing an unnamed source.
Link to Seeking Alpha News Article - Jun 11, 2026
Link to Seeking Alpha News Article - Jun 11, 2026
[Newsletter Exclusive] Adobe Non-GAAP EPS of $5.96 beats by $0.15, revenue of $6.62B (+12.8% Y/Y) beats by $170M
Looking to the fiscal third-quarter, Adobe said it expects adjusted earnings between $6.05 and $6.10 per share, above the $5.77 per share estimate. Revenue is forecast to be between $6.67B and $6.72B, above the $6.52B analyst estimate.
For the full-year, Adobe expects to earn between $24.35 and $24.45 per share on an adjusted basis, with the midpoint above the $23.54 per share estimate. Revenue is forecast to be between $26.5B and $26.6B, with the midpoint well above the $26.06B estimate.
On AI-first monetization signals, Narayen said “Adobe’s AI innovation has driven an impressive 3x year-over-year increase in AI first ARR to greater than $500 million” and added that the company is moving to “aggressively acquire the next generation of Adobe loyalists” even as it “lowers our second half ARR growth expectations from individual subscribers” (Chairman & CEO Shantanu Narayen).
“Adobe is prioritizing top‑of‑funnel expansion over near‑term monetization, reallocating investment toward accelerating freemium MAU growth, particularly within Firefly,” said Goldman Sachs analysts, led by Gabriela Borges, in a note.
“While this will negatively impact ARR in 2H, Adobe expects to see better lifetime value over the long term as it improves its top-of-funnel customer funnel,” Borges added. “The transition also carries increased investments toward traffic acquisition (SEO/SEM), sales capacity, and AI inference. As such, we could also see limited near‑term pressure to margins as efficiency gains are also reinvested into growth.”
“Going into the print, we viewed a modest ARR beat and raise (organic) as the base case, and believed investors needed to see consistent upticks throughout the year to underwrite sustainable DD growth,” said Stifel analyst J. Parker Lane in a note. “That’s now off the table in the near term, and it will take time to assess the success of Freemium to Paid conversion.”
“Biggest takeaway from 2Q is that FY26 organic ARR is going down by ~$480M, with half from deferral of pricing action and half from a bigger freemium strategy; this new strategy is in response to an acceleration in traffic to adobe.com, but bears will question if this is reactive versus proactive; it also might be tougher to underwrite double-digit growth next year until we see the benefits of this change,” said Barclays analysts Saket Kalia in a note.
While Adobe’s AI demand signals are encouraging, 2Q results highlighted a meaningful ARR reset driven by a more aggressive pivot to freemium routing & subsequent deferred Creative Cloud pricing action,” said Morgan Stanley analysts Elizabeth Porter and Kathleen Keyser.
Link to Seeking Alpha News Article - Jun 11, 2026
Link to Seeking Alpha News Article - Jun 11, 2026
Link to Seeking Alpha News Article - Jun 11, 2026
[Newsletter Exclusive] Vancouver Police expands use of Axon technology, deploys integrated drones
The department has become the first police agency in Canada to deploy Skydio X10 drones integrated with Axon’s (AXON) technology platform. The drones will be used to provide aerial views during active incidents and support operational decision-making.
The department has also added Axon Fleet 3 in-car video systems equipped with automated license plate recognition cameras. Combined with body-worn cameras that can livestream video.
Vancouver police are also expanding the use of Axon Assistant’s real-time translation feature, which allows officers to communicate in more than 50 languages during interactions with members of the public.
Link to Seeking Alpha News Article - Jun 11, 2026
Nvidia pitches new Vera CPUs to Chinese clients, orders set for August: Reuters
Nvidia (NVDA) told clients in China that they can start placing orders for its new Vera central processors, which may be available as soon as August, Reuters reported, citing sources.
One major Chinese cloud company plans to place an order for more than 300 servers, the report said. Chinese clients plan to initially deploy Vera chips only in their overseas data centers for testing.
The company plans to deploy the systems for testing first and decide whether to place official orders based on the results, the report added.
Whether that initial interest translates into large-scale adoption remains to be seen, partly due to issues involving software ecosystems and compatibility as well as the constraints of migrating workloads built around domestic AI chips, another source said.
Selling CPUs in China could prove less fraught than selling graphics processing units, which face tighter U.S. export controls. Washington has licensed about 10 Chinese firms to buy the H200, a GPU, but not a single delivery has been made.
Link to Seeking Alpha News Article - Jun 12, 2026
AMD rises as Citi upgrades on GPU potential
“While we have been constructive on the inflection in agentic AI led CPU demand and AMD to be the major beneficiary of it (see note), we now see AMD emerging as a legit second source in the GPU market with company poised to win lion’s share at Meta,” analyst Atif Malik wrote in a note to clients. “Most investors currently view AMD as a CPU stock with stock pricing in ~60% probability of AMD achieving >$50B in GPU sales by 2028, in our view. Moreover, post Computex we lift our CPU 2030 TAM model to $137B from prior $132B and still expect AMD to be the key beneficiary of the CPU renaissance due to its performance leadership, greater core counts, X86 ISA, broader SKU offerings, and support for both multithreading and single threading.”
Link to Seeking Alpha News Article - Jun 12, 2026
SEALSQ sets first QSOC satellite launch in Q4, but shares are still in red zone
SEALSQ (NASDAQ: LAES) announced on Friday that it plans to launch its first Quantum Security Operations Center (QSOC) satellite on a SpaceX mission in Q4 2026, with plans to expand the network to as many as 100 satellites by 2033.
Built with support from WISeKey’s subsidiaries, the company said the launch is the first step toward building a network of satellites that will provide post-quantum cybersecurity, AI services, and secure communications from space.
Link to Seeking Alpha News Article - Jun 12, 2026
Disclosure: We own positions in some/all of the tickers mentioned in this article.
