Amit Kukreja
JENSEN LIVE, GOLD & SILVER ALL TIME HIGHS, MASSIVE ASTS DEAL, XAI RAISES $20B | MARKET OPEN
10/8/2025, 3:30:19 PM
Economic Summary
- 30-year fixed mortgage rates eased to ~6.43% and 5-year ARM rates to ~5.49%, yet purchase applications remain down 24% annualized due to high home prices and tight supply.
- US government shutdown risk led 17% of Americans to delay major purchases ahead of potential unpaid paychecks by Oct 15, while 65% report no change.
- Gold and silver hit record highs amid global rate‐cut cycles and dollar weakness, reflecting strong demand for inflation hedges.
- Poland’s surprise 25bp rate cut to 4.5% highlights a broader trend of monetary easing outside the US.
Bullish
- ASTS signs 2026 Verizon space‐to‐phone service deal, unlocking material revenue upside.
- Rocket Lab secures multi‐launch agreements and Neutron catalyst, expanding into a $29B satellite launch TAM.
- Nvidia’s AI infrastructure leadership and ecosystem investments drive massive free cash flow and global GPU adoption.
- Commodities surge with gold and silver at all‐time highs, fueling inflation‐hedge demand.
Bearish
- AMD ceded 10% equity to secure its OpenAI deal, signaling weaker pricing power than Nvidia.
- AI vendors’ creative financing raises ROI doubts amid high capital intensity and debt‐equity raises.
- Short report warns BMR’s premium could collapse on NAV dilution and intensifying copycat competition.
Bullish tickers
ASTSRKLBNVDA
Bearish tickers
AMDBMR
People mentioned
Jensen HuangLisa SuElon MuskTom LeeDonald TrumpAnna Panman