Micron Technology $MU took nearly a decade to generate $59B in profit then produced $93B in just three quarters of 2026.
Source: Shay Boloor
75% of S&P 500 stocks were down this month
Source: Barchart
Accenture $ACN is up +20% in premarket after crushing its Q4 earnings.
EPS beat at $3.29 vs $3.18 expected. Revenue beat at $18.7 billion. Margins expanded from 11.6% to 15.3% in a single year, a massive jump for a company this size. Wall Street spent the last year betting AI would kill Accenture's business, since AI can do a lot of the work consultants used to bill for. This quarter says the opposite is happening. Companies are paying Accenture more than ever, specifically to help them figure out how to use AI. Looks like Accenture isn't losing to AI, It's getting paid to install it everywhere. Source: Bull Theory
Robinhood announces 24/7 trading for US stocks and ETFs, including weekends.
🚨 Wall Street closes. Robinhood wants trading to keep going. The platform has announced three moves: 🔹 Crypto perpetual futures: Eligible U.S. users will be able to go long or short, with up to 10x leverage on Bitcoin and Ether. No expiry. P&L settled every 15 minutes. 🔹 24/7 stock trading: Selected U.S. stocks and ETFs could soon trade through weekends, pending regulatory review. 🔹 AI trading agents: Users will be able to build agents inside the app to research, develop strategies and trade automatically. The adoption numbers are striking: 150,000+ agentic trading accounts since May, with nearly 30 million tool uses daily. The direction is clear: more access, more automation, fewer market closing bells. But easier access doesn’t make leverage less risky. Are we entering the era of always-on investing—or always-on speculation? Source: Reuters
The haves and the have nots over the last month: MAG 7 vs. Everything Else. $RSP $MAGS
Source: Andrew Thrasher, CMT
U.S. stock market vs. the world.
Source: Compounding Quality
Michael Burry says he has covered his short positions on $MU, $NBIS, $CAT, $SOXX, $CRWV, $NVDA, and $PLTR.
He says he replaced many of these short positions with put positions, and cited tax loss harvesting as some of the motivation behind these changes. He says he believes the AI bubble "may burst sooner rather than later." Source: Trend Spider
Anthropic IPO prospectus leaked to Reuters
Anthropic files for an IPO that could value the company at more than $2 TRILLION, per Reuters. Details from Anthropic's IPO prospectus: 1. Reported a net loss of $42B in 2025. 2. Anthropic plans to spend $518B on future cloud, computing and infrastructure commitments. 3. Operating loss increased to $8.06B from $2.98B in 2024. 4. Its IPO valuation could exceed $2 TRILLION, more than double its $965B valuation in May. 5. Revenue surged 12x in 2025 to $4.6B. 6. Almost 25% of its revenue came from just two customers. The IPO could be pushed back until after the November US midterm elections. Source: Bull Theory, Wolf financial
