In partnership with
Happy Sunday.
Quick programming note: there will be no Sunday flagship issue next week due to the Fourth of July weekend. Enjoy the long weekend, and we’ll be back on July 12.
OpenAI may be tapping the brakes.
The company is reportedly leaning toward delaying its IPO until 2027, after previously preparing for a potential listing as soon as later this year.
The hesitation follows SpaceX’s post-IPO slide and a choppier tech market, which have raised questions about demand for another massive AI debut.
OpenAI is still targeting a $1T valuation, but advisers have reportedly warned the company that waiting may be the cleaner path.
Key Data Bites Over The Last Week:
20 stocks analysts favor with highest upside potential.
U.S. economy grew 2.1% in Q1, ahead of 1.6% estimate.
SpaceX disclosed over $100B cash pile.
SpaceX signed $6.3B compute deal with Reflection AI.
Meta hired new WhatsApp boss through $900M investment.
Oracle cut 13% of employees in fiscal 2026.
Qualcomm will buy AI startup Modular in $4B deal.
Lucid Motors will cut ~18% of U.S. workforce.
Meta unveiled new smart glasses starting at $299.
SK Hynix plans to raise $29B through Nasdaq listing.
Deutsche Bank cut gold price forecasts by up to 22%.
Volkswagen to cut as many as 100,000 jobs.
Samsung to unveil massive $646B investment plan.
In today’s newsletter:
🆕 Google Joins The Dow
🚀 Micron Destroys Earnings
🍎 Apple Is Hiking Prices
💰 Largest Companies Net Profit
🩸 Stocks Near 52-Week Lows
Let’s jump right in.
📣 Together With Masterworks
Where to Invest $100,000 Right Now, According to Experts
Investors face a dilemma. When the S&P 500 finished its worst quarter since 2022 last month, diversifiers like bonds and bitcoin fell too.
Even with the turnaround in mid-April, analysts at Goldman Sachs and Vanguard have projected low-single-digit annualized returns from 2024-2034.
Bloomberg asked where experts would personally invest $100,000 for their March monthly edition.
One answer that surfaced for a second time? Art.
It's what billionaires like Bezos and the Rockefellers have privately used to diversify for decades.
Why?
Appreciation. The ArtPrice100 Index outpaced the S&P 500 overall from 2000 to 2025
Low-correlation. The postwar contemporary segment has moved independently of traditional investments like stocks since ‘95.*
Resilience. A scarce, physical, and global asset class with decades of demonstrated demand.
Thanks to the world's premier art investing platform, now anyone can invest in works featuring legends like Banksy, Basquiat, and Picasso, without needing millions.
Shares in new offerings can sell quickly but...
*According to Masterworks data. Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.
The Dow is becoming Big Tech.
Alphabet will replace Verizon in the Dow Jones Industrial Average before the market opens tomorrow.
The move adds another mega-cap technology company to the 30-stock index, alongside Nvidia, Amazon, Apple, and Microsoft.
S&P Global said Alphabet’s inclusion increases the Dow’s exposure to artificial intelligence, cloud infrastructure, and advertising.
Verizon, meanwhile, represented just around 0.5% of the index due to its low share price.
Micron is stealing the AI spotlight.
The company reported earnings this week, with revenue more than quadrupling to $41.5B and blowing past expectations.
Memory demand continued to surge, led by a data center business that grew more than 7x from last year.
Margins exploded too.
Gross margin reached 84.9%, up from 39% a year ago, showing how much pricing power Micron has gained from the AI memory shortage.
Management now expects revenue to hit about $50B next quarter, far above analyst expectations.
Micron has also signed 16 long-term customer agreements worth $22B, giving the company more visibility as customers rush to secure supply.
These agreements effectively reduce the memory industry's historical boom-and-bust cycles and turn Micron into a more predictable, utility-like supplier.
The AI boom is making your next Apple purchase more expensive.
Apple announced they would be raising prices across several products after soaring memory and storage costs made it harder to absorb the hit.
The increases range from 15% to 29%, with some MacBook and iPad models now hundreds of dollars more expensive.
The same shortage driving record results for chipmakers is now forcing even Apple to raise prices.
The iPhone has not been touched yet, but analysts expect higher memory costs to keep pressuring device makers.
The world’s largest companies are still printing money.
Among the top 10 U.S. companies by market value, most are highly profitable and still growing earnings at a strong pace.
Nvidia and Alphabet each generated roughly $160B in net profit over the past year, while Apple and Microsoft are both above $120B.
The two clear exceptions are Elon Musk’s companies.
SpaceX recently went public while still operating at a loss, and Tesla’s profit has declined sharply from last year.
For all the focus on valuation, the top of the market is dominated by companies producing enormous profits.
Fear is showing up in familiar places.
Several major companies are now trading near 52-week lows, including Adobe, Palantir, Microsoft, Netflix, and Meta.
Some of these names are facing real pressure, from slowing growth and AI disruption fears to weaker consumer demand.
But the selloff has also pushed several high-quality businesses toward their cheapest valuations in years.
That does not mean every stock on this list is a bargain.
It does mean the opportunity set is starting to look more interesting for investors willing to look where sentiment is weakest.
📣 Presented By EnergyX
Meet America’s Newest $1B Unicorn
It just surpassed a $1B valuation, joining private US companies like SpaceX and OpenAI. Unlike them, you can invest in EnergyX today. General Motors already has. Why? EnergyX’s tech can recover up to 3X more lithium than traditional methods. Now, they hold rights to ~13M tons of lithium across North and South America. Invest in EnergyX at $13/share by 7/16.
Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Beehiiv to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Beehiiv has been paid in cash and may receive additional compensation. Beehiiv and/or its affiliates do not currently hold securities of EnergyX.
This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.
Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.
🥷 Model Theft↗ – Anthropic accused Alibaba of illegally accessing its AI models.
🇨🇳 China Bears↗ – Two of China’s best known hedge fund managers warned the AI bubble is ready to burst.
⚠️ Nadella’s Warning↗ – Microsoft CEO Satya Nadella sharply criticized the concentration of AI power among a small group of companies.
🇨🇴 Outsider Victory↗ – Conservative outsider and Trump ally Abelardo de la Espriella was declared the winner of Colombia’s presidential election.
🇬🇧 Starmer Quits↗ – U.K. Prime Minister Keir Starmer announced his resignation.
🎰 Prediction Push↗ – Mark Zuckerberg is directing Meta to create a prediction markets app.
🫧 Bubble Rebuke↗ – Masayoshi Son called AI bubble talk an “insult” and said the technology is still in its early stages.
Notable Companies Reporting Earnings Week of June 28th, 2026:
Major Trades Published 6/22 - 6/26. Trades may be those of family members. [Source: Capitol Trades]
Buys
Nancy Pelosi (D)
Company: Intel ($INTC)
Amount Purchased: $1M - $5M
Description: Purchased 200 call options with a strike price of $50 and an expiration date of 3/19/27.
Company: Uber Technologies ($UBER)
Amount Purchased: $500K - $1M
Description: Purchased 200 call options with a strike price of $50 and an expiration date of 3/19/27.
Sells
Neal Dunn (R)
Company: Regions Financial ($RF)
Amount Sold: $15K - $50K
Description: Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.45% Non-Cumulative Perpetual Preferred Stock, Series E
Major Trades Published 6/22 - 6/26
Buys
Sells
Disclaimer: The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author, paid advertiser, or partner and do not reflect the official policy or position of any other agency, organization, employer or company.
Carbon Finance is a publisher of financial information, not an investment or financial advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.
The information contained on this website/newsletter has been crafted with the assistance of an AI language model to enhance the content of this newsletter. We have made efforts to ensure the quality and reliability of the information presented, but we cannot guarantee its absolute accuracy. Therefore, readers are advised to exercise their own judgment and seek additional sources if necessary.
THE INFORMATION CONTAINED ON THIS WEBSITE/NEWSLETTER IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.
Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.
The publisher, its affiliates, and clients of the publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.
This newsletter is sponsored by Masterworks and EnergyX. Sponsorship does not influence our editorial content. We do not endorse the sponsor’s products, services, or views, and we are not responsible or liable for any interaction or transaction between readers and the sponsor.
Some of the links in this newsletter are affiliate links. This means that if you click on the link and purchase the item, we will receive an affiliate commission at no extra cost to you. All opinions remain our own.
By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.
