markets

Luke Kawa6/24/25

Why Ives says a defanged Iran is extra bullish for tech stocks

Wedbush Securities analyst Dan Ives is out with an interesting take on why a potential ceasefire between Israel and Iran is especially good news for his coverage area: tech stocks.

(Note: the fires do not appear to have fully ceased in the Middle East, but traders appear to be treating this matter as closed.)

Ives recalls the slew of multibillion-dollar deals struck in May between entities in Saudi Arabia as well as the UAE, with America’s AI heavy hitters like Nvidia, Oracle, Advanced Micro Devices, and Super Micro Computer proof positive that the Middle East is aiming to position itself as a major player in the sovereign AI push.

“The biggest threat to the region and the potential ‘black swan event’ was Iran and its nuclear program... and now that threat is gone,” he wrote. “With a weakened Iran and no nuclear capabilities, there is a growing view from tech investors that the opportunity for the Middle East to embrace the tech and AI boom is now on the doorstep being led by Saudi and UAE.”

He recommends taking advantage of any geopolitical-induced discounts on his favorite AI names, which include Nvidia, Palantir, Microsoft, Amazon, Oracle, Meta, and Tesla.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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