The Social Community forThe Most Important Thing

Tesla and #SpaceX 🚀 are deepening ties (https://www.theinformation.com/articles/elon-musk-building-terafab-team-inside-tesla?offer=rtsu-engagement-25%2Crtsu-featured-articles-pro&cio_link_id=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__f25baf539a1e92aac8bbdf5f7219971f4a85e2bde90ab7584453ee595c9b6265&utm_campaign=RTSU%3A+N55+Characters&utm_content=13999&utm_medium=email&utm_source=cio&utm_term=9699)in a chip push as merger chatter swirls.

Buy the Dip?? Investors worry about AI spending ROI and software disruption but if you calculated what Microsoft’s three main businesses—cloud, software and personal computing—would be worth if each was trading at valuations in line with rivals in those sectors. The total is between $3.5 trillion and $3.8 trillion, a big premium over the $2.9 trillion enterprise value at which Microsoft is now trading. The $3.8 trillion value translates to a per-share basis of almost $500, compared to Microsoft’s closing price on Wednesday of $384. #The Most Important Thing https://www.theinformation.com/articles/microsofts-real-value-close-3-8-trillion-500-share

According to a trio of unnamed sources, CEO Sam Altman wants the value to exceed $1 trillion as a public company, and it’s unclear if that’s currently possible amid unpredictable global markets, lingering concerns about future AI revenues, and of course the downward slide of SpaceX stock following its own blockbuster debut. No word yet on whether or not Anthropic, the Coca-Cola to OpenAI’s Pepsi (or is it the other way around?), are also having IPO cold feet.

Nvidia said Monday it plans to raise new debt even as the #Artificial Intelligence chip leader keeps generating tens of billions of dollars in cash every quarter. It will be the company’s first corporate bond sale since 2021, when it raised $5 billion. Bloomberg earlier reported that Nvidia would sell more than $20 billion in new debt. https://www.bloomberg.com/news/articles/2026-06-15/nvidia-kicks-off-first-high-grade-bond-offering-since-2021?utm_campaign=article_email&utm_content=article-17295&utm_medium=email&utm_source=sg

Security researchers say that #🇨🇳 ChinA.I. 🤖🧠🦾🤖 systems have matched Anthropic’s Mythos in cybersecurity capabilities, the Wall Street Journal reported, intensifying the competitive threat posed by China’s AI sector to the U.S. The researchers found that the new GLM-2 model from Z.ai can find bugs as well as Mythos, the Journal report said. GLM-2 has become widely used since its release, including by U.S. companies. China’s advance in AI comes as the Trump administration has blocked Anthropic and OpenAI from widely releasing their most up to date models, out of concerns about the potential impact of the models. https://www.wsj.com/tech/ai/chinese-ai-anthropic-mythos-cybersecurity-574b02c2?mod=hp_lead_pos1&utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124

For years, the markets have been obsessing over the Magnificent Seven, that loose grouping of seven stocks — Apple, Microsoft, Amazon, Alphabet, Tesla, Nvidia, and Meta — that have served as the lodestars of the AI revolution. But take a look at the top-performing stocks in the S&P 500 year to date, and you might notice that it’s not those stocks topping the list, but rather the companies that sell to them. Per estimates from Bloomberg’s Supply Chain function: Sandisk has Nvidia among its top five customers, Seagate has Microsoft, Dell’s tenth-largest customer is Amazon. Micron counts both Nvidia and Microsoft among its top five customers, Corning’s got Apple (and, though not in the Mag 7, Samsung, too). Western Digital is enmeshed with Amazon, Meta, and Microsoft; Flex counts Microsoft, Amazon, and Google among its top five customers. Marvell’s top five customers include four of the Magnificent Seven and all of its hyperscalers: Amazon, Microsoft, Google, and Meta. Applied Materials and Intel are the outliers here among the top ten YTD; Intel’s seventh-best customer is Microsoft, though, and Applied Materials’ top five customers include SK Hynix, Samsung Electronics, Micron Technology, TSMC, and Intel, all of whom are part of this web even if they’re not among the Mag 7. A consistent drum is the phenomenon that “your massive capex are someone else’s massive sales beat” and these just so happen to be a who’s who of Someone Elses.

Tesla thinks upcoming approval of supervised FSD s integral to its success on the continent. “It’s worth noting that we do not actually yet have approval for supervised FSD in Europe,” CEO Elon Musk said during an earnings call last year. “So our sales in Europe, we think, will improve significantly once we are able to give customers the same experience that they have in the US.”

Over to jolly old England, where UK autonomous vehicle interest Wayve has filed to sell shares on the London Stock Exchange’s new Private Securities Market. As the title implies, this is NOT the same as going public. The new venue allows for trading in private companies through a regulatory framework known as PISCES (Private Intermittent Securities and Capital Exchange System). Basically, companies offer scheduled, occasional auction windows during which their shares can be traded. Investors go through an intermediary like a bank of broker, known as a Registered Auction Agent (RAA), that actually place trades on their behalf. Proceeds then go to pre-existing shareholders, not the companies themselves, as in any other secondary market. Wayve is an “Embodied AI” company which developed a self-learning “AI driver” and foundation model, serving as a “brain” for self-driving vehicles. They’ll become the first major company to participate in the LSE’s Private Securities process, holding their first “closed auction” on July 8. The company was most recently valued at $8.6 billion, and will allow staffers to sell up to $85 million on the secondary market. #Auto Future https://www.bloomberg.com/news/articles/2026-07-01/wayve-files-for-share-sale-on-london-bourse-s-new-private-market

Is it time for another activist investor to take a run at Microsoft? Shares of the iconic software giant are down nearly 16% so far this year, making it the worst performer of the big tech names. The Financial Times reported on Friday that British hedge fund TCI (same one @Jerome Cody cited in the OP) had sold “almost all” of its stake in Microsoft, citing uncertainty about how #Artificial Intelligence could undermine the company’s big Office productivity software business. TCI isn’t the only investor lately to mutter that Microsoft’s business is laboring under some dark clouds. And with SpaceX’s giant IPO just a few weeks away, there’s reason to believe investors will fund purchases of #SpaceX 🚀 stock by selling their shares in existing big tech names. That suggests pressure on Microsoft shares could worsen in the next couple of months. While there are real questions about how AI will affect enterprise software incumbents like Microsoft, some of this negativity seems overdone. Microsoft’s Azure cloud unit is growing at close to 40% annually which is impressive given its size. The overall company’s top line is expected to expand 17% in the year to June 30, according to S&P Global Market Intelligence. For a 51-year-old giant like Microsoft, that’s not bad. Moreover, it has made a bundle—as we outlined here today—on its $13 billion investment in OpenAI, and it will continue to benefit as the ChatGPT firm grows, thanks to its shareholding. Some on Wall Street think investors have got things wrong. UBS put out a report on Monday calling out Microsoft, as well as OpenAI and Nvidia, as “key enterprise AI winners.” The company has “enormous enterprise AI credibility and distribution,” UBS said. At the very least, you could say, Microsoft seems to have a marketing problem. But some might say the conglomerate nature of its business is also an issue, causing investors to undervalue the company. Not only is Microsoft a cloud and enterprise software giant, it’s big in gaming—remember the $75 billion purchase of Activision Blizzard in 2023, which added to its Xbox business—and it has a small internet search engine in Bing. It also owns professional social media site LinkedIn. Maybe it’s time for Microsoft to restructure, carving off some of the less core pieces. For example, chances are Microsoft’s shares aren’t reflecting much if any value for the gaming unit—so spinning it off as a separate company would allow investors to better value it. This seems the sort of thing an activist would seize on, calling for a streamlining of the business. You might say Microsoft is too big for an activist—its market capitalization is $3 trillion—but we’ve been here before. In early 2013, when Microsoft stock had been stagnant for more than a decade, ValueAct Capital took a stake in it. A few months later, Steve Ballmer announced his intention to step down as CEO, paving the way for Satya Nadella to take the reins and begin a transformation that lifted Microsoft’s market capitalization to new highs. Nadella doesn’t need to step down to change investor sentiment. But Microsoft needs to do something to change the narrative. https://www.ft.com/content/ac5d90a9-b010-4529-9616-706420920681?syn-25a6b1a6=1&utm_campaign=article_email&utm_content=article-17080&utm_medium=email&utm_source=sg

PayPal stock fell nearly 8% after new CEO Enrique Lores said he doesn’t plan to break up the company. https://www.theinformation.com/briefings/paypal-ceo-defends-keeping-venmo-braintree-amid-sale-questions

Intel secures the Apple bag? POTUS announced  that Apple will use Intel fabs in the United States to make its chips in the future. Recall that Apple has become a quiet silicon giant, designing its own processors for its computers (both handheld and desktop-oriented). If Cupertino shifted its chip manufacturing from TSMC to Intel, it would be a coup for the American, and partially state-owned, company. Thus far, the companies aren’t commenting. Let’s see if Trump jumped the gun, or is wrong altogether. https://truthsocial.com/@realDonaldTrump/posts/116769225357410422?_bhlid=3b17e04a85a591c0ccfff52f006af80510260980

Apparently lingerie sales are booming, and the reason is …. GLP-1s! I suspect all other beauty treatment markets will boom as well, from botox to all cosmetic surgery. Y’all ready for our hot-girl-future? #Biohackers Connect