Bond Yields, SpaceX IPOs, and Jensen Huang's Space Data Centers: This Week Had Everything
Nvidia beat but disappointed the dreamers, yields hit 2007 highs, and the IPO pipeline just became absolutely unhinged
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | buy | $224.09 | — | — | — |
| MU MICRON TECHNOLOGY INC | buy | $747.98 | — | — | — |
| DELL Dell Technologies Inc. | buy | $244.00 | — | — | — |
| GOOG Alphabet Inc. | buy | $385.92 | — | — | — |
| JPM JPMORGAN CHASE & CO | hold | $301.51 | — | — | — |
| NEE NEXTERA ENERGY INC | buy | $88.64 | — | — | — |
| TXN TEXAS INSTRUMENTS INC | hold | $302.65 | — | — | — |
| INTC INTEL CORP | hold | $116.21 | — | — | — |
| MSFT MICROSOFT CORP | buy | $419.20 | — | — | — |
| META Meta Platforms, Inc. | buy | $603.70 | — | — | — |
Let's start with the elephant in the room wearing a Jensen Huang leather jacket: $NVDA beat estimates with a $91 billion Q2 revenue guide vs. the $87B consensus, dropped an $80 billion buyback, and raised its dividend 25x. Wall Street's reaction? A collective shrug. Why? Because the whisper crowd wanted $96 billion, and 'merely beating estimates' is apparently the new disappointing. Huang himself called the stock's underperformance 'one of the mysteries of the universe.' Same, Jensen. Same. Meanwhile, $MU is quietly up 151% year-to-date trading at a PE of 11.69x with 90% revenue growth — and almost nobody is talking about it.
The IPO pipeline is now genuinely scary in the best possible way. SpaceX filed publicly under ticker $SPCX on Nasdaq, targeting up to $75 billion raised at a $2+ trillion valuation — potentially the largest IPO in US history. OpenAI is eyeing a confidential filing at ~$1 trillion, Anthropic is targeting October at $900B–$1T. Tom Lee is calling it a $4 trillion IPO wave. Fundstrat's Paul Tudor Jones parallel is worth noting: he called the 1999 top by watching massive IPOs plus lockup expirations 90 days out. Food for thought, not panic.
The macro backdrop is doing its absolute best to ruin the party: the 30-year Treasury hit 5.18%, its highest since 2007, with Jamie Dimon warning yields could go significantly higher thanks to trillion-dollar AI capex, global deficits, and a coming capital shortage. Ed Yardeni is now calling for a 25bps rate hike in July. Oil is sitting around $107–$111/barrel on Iran tensions. The bond vigilantes are not taking requests — they're running the show now.