📊 Google Hits $3T Market Cap

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Happy Sunday!

Rate cuts are finally here.

On Wednesday, the Federal Reserve delivered a widely anticipated quarter-point cut, lowering the funds rate to 4.00%–4.25%.

• Policymakers also signaled two more cuts before year-end.

• The decision came just one day after Stephen Miran, Trump’s pick for the Fed, was confirmed by the Senate and voted in favor of a larger half-point cut.

The Fed noted moderating economic activity, a cooling labor market, and inflation that has ticked higher and remains somewhat elevated.

On a separate note, I just sent out my monthly investment ideas report highlighting 5 stocks worth adding to your watchlist.

If you missed it, it’s definitely worth a read.

Some key data bites from this week that you should know:

• 4 investment experts shared where to invest $100,000 right now.

• MarketWatch curated 10 cheap stocks that can increase profits faster than the S&P 500.

• Larry Ellison made $365B breaking every rule of wealth management.

• Elon Musk has purchased $1B worth of Tesla shares.

• Tesla sold 55,000 EVs in the US last month, more than the next four automakers combined.

• Oracle, Silver Lake, and Andreessen Horowitz set to control 80% of TikTok US.

• Nvidia will take a $5B stake in Intel.

• Apple asked suppliers to boost production of iPhone 17 by at least 30% after strong pre-orders.

• YouTube has paid creators more than $100B over last 4 years.

• CoreWeave has secured a $6.3B order from Nvidia.

• Judge dismissed Trump’s $15B lawsuit against NYT for being too long.

• Ray Dalio is urging investors to allocate 10% of their portfolio to gold.

• OpenAI will only share 8% of revenue with Microsoft by 2030.

• Palantir is set to sign a $1B AI-focused deal with UK military.

• Oracle and Meta are in talks for a $20B AI cloud computing deal.

• Microsoft, Nvidia, and other tech giants plan over $40B AI investments in UK.

• Top 10% of earners make up nearly 50% of total consumer spending.

In today’s newsletter:

• 🔎 Google Hits $3T Market Cap

• 🇮🇳 Nvidia Tops India’s Economy

• 📈 $10,000 Invested In The S&P 500

• 😴 Simple Stocks Beating The Market

• 🦄 Unicorns Are Booming

Let’s jump right in.

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Alphabet just joined an exclusive club.

Google’s parent company is now the fourth company ever to hit a $3T market cap, alongside Nvidia, Microsoft, and Apple.

The stock’s recent surge followed a favorable DOJ ruling on remedies.

• Regulators had already found Google held an illegal monopoly in search last year, but this week’s decision stopped short of the harshest penalties.

• Instead, Google can continue making payments to preload its products, though it cannot use exclusive contracts tied to those deals.

Ironically, rising competition from Perplexity and OpenAI helped Google’s case, softening the ruling.

While Google just entered the $3T club, Nvidia still sits at the very top.

With a market cap of $4.33T, Nvidia is the most valuable company in the world.

That number is massive, but it can be hard to put into perspective.

• Here’s one way: Nvidia is worth more than India’s entire nominal GDP of $4.19T.

Of course, GDP and market cap measure very different things.

• One measures economic output while the other measures investor value.

But the comparison highlights just how extraordinary Nvidia’s rise has been.

What has benefited from the rise of Nvidia, Google, and the rest of the world’s most valuable companies?

• The S&P 500.

By simply investing in the index, you get exposure to them all, from the giants driving markets higher to the smaller names riding their coattails.

That strength has been on full display, with the index finishing the week at a record 6,664, its 27th all-time high this year.

And the results speak for themselves.

• $10,000 invested in September 2015 has grown to nearly $41,000 by September 2025, with dividends reinvested.

All it took was sitting back and letting compounding do the work.

Those who invested in names like Nvidia and Google have done incredibly well, vastly outperforming the S&P 500.

And as we’ve seen, simply owning the S&P 500 has also rewarded investors, with steady compounding over time.

But you don’t need to chase the next big thing to beat the market.

• Take Celsius, Royal Caribbean, or Dick’s Sporting Goods.

• Even household names like American Express, Costco, and Walmart have outperformed the S&P 500.

• And well-known growth stories such as Spotify and Uber have surged, turning profitability into powerful compounding.

These “boring” stocks showcase how simple companies can deliver outstanding returns.

It’s not just public markets that are booming.

Private markets are too.

Valuations for the world’s top unicorns have exploded.

• xAI raised $10B at a $200B valuation, just weeks after Musk raised at $150B.

• Anthropic recently raised $13B at a $183B valuation, triple what it was worth in March.

• And OpenAI’s latest secondary sale valued the company at $500B, making it the most valuable private company in the world.

This week, Robinhood announced plans to expand retail investor access by launching a closed-end fund that would let individuals get exposure to these kinds of private firms.

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Notable Companies Reporting Earnings Week of September 22nd, 2025:

Buys

• Val Hoyle (D)

  • Company: Nvidia ($NVDA)

    • Amount Purchased: $19K - $110K

  • Company: Microsoft ($MSFT)

    • Amount Purchased: $18K - $95K

• Rick Allen (R)

  • Company: Atmos Energy Corp ($ATO)

    • Amount Purchased: $15K - $50K

• Gil Cisneros (D)

  • Company: MicroStrategy ($MSTR)

    • Amount Purchased: $15K - $50K

Sells

• Lisa McClain (R)

  • Company: Taiwan Semiconductor Manufacturing ($TSM)

    • Amount Sold: $50K - $100K

• Gil Cisneros (D)

  • Company: Unitedhealth Group ($UNH)

    • Amount Sold: $15K - $50K

Buys

• Alpha Metallurgical Resources ($AMR)

  • Insider: Kenneth Courtis (Director)

    • # of Shares Purchased: 53,000

    • $ Amount: $8,198,074

    • SEC Forms: [1]

• Strategy ($MSTR)

  • Insider: Wei-Ming Shao (EVP & General Counsel)

    • # of Shares Purchased: 12,500

    • $ Amount: $1,211,450

    • SEC Forms: [1]

Sells

• Robinhood ($HOOD)

  • Insider: Vladimir Tenev (CEO)

    • # of Shares Sold: 418,338

    • $ Amount: $49,959,890

    • SEC Forms: [1]

🤝 Review of the Week