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Good morning.
Markets had a lackluster response to the Fed’s rate cut. Nothing moved very far up or down.
The calm ended today, though, when Nvidia announced a $5 billion investment in Intel stock.
You know you’re in a crazy AI cycle when the AI companies start buying stock in the other AI companies.
Meanwhile, another IPO goes live today, but is the IPO market running out of steam?
And a big thanks to today’s sponsor, Pacaso!
In partnership with Pacaso
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Market Headlines
Stocks slid on Wednesday after the Fed cut rates for the first time this year.
The Dow dropped 0.6%, the S&P 500 fell 0.7%, and the Nasdaq lost 0.8%.
Intel shares soared 33% after Nvidia announced plans to invest $5 billion in the company to develop data center and PC chips together. This windfall comes after the US government stepped in and invested $8.9 billion in Intel last month
Nvidia invested at $23.28 per share, and INTC rose to $33 a share in premarket trading following news of the deal.
AltIndex users got a Reddit alert as soon as the Nvidia-Intel news broke because discussion about the trade erupted in subreddits immediately.
The market didn’t know what to do with the Fed’s rate cut decision yesterday. Rates were cut by 25 bps, but stocks didn’t respond very sharply either up or down. One explanation: this cut was priced in a month earlier, so the Fed’s decision was essentially non-news. It won’t stay that way, though, because the Fed is highly divided over future rate decisions, with 19 total members split into four different camps of policy.
Netskope is IPOing today at $19 a share. They raised $908.2 million in the share sale, bringing their total valuation to $7.3 billion. Just like every other IPO this year, the final share price was raised by a few dollars from between $15 and $17 a share to $17 and $19 a share. IPO performance strength seems to be waning as the year goes on, so invest at your own risk: see the performances of all IPOs from this year so far →
😱 Fear & Greed Index
🤖 AI/Future/Tech News
Palantir signed a $1.5 billion deal with the UK military during Trump’s visit to the country.
StubHub tumbled 6.4% in its NYSE debut after pricing its IPO at $23.50 per share, raising $800 million.
The iPhone Air introduced a metal can battery design that eliminates swelling issues and allows custom shapes, boosting energy density and paving the way for future silicon anode adoption.
Google and PayPal teamed up to roll out AI-powered payment features. The partnership aims to boost transaction volume and fend off fintech rivals, signaling more competition in digital payments.
🪙 Crypto
The cryptocurrency BNB just reached a new all-time high of $1,000. The coin is up 10,000x since its ICO at $0.10.
Bitcoin ETFs pulled in $2.9 billion over a seven-day inflow streak, lifting total inflows since January above $22 billion.
GD Culture will add 7,500 BTC worth $876 million to its treasury after acquiring Pallas Capital, placing it among the top 15 publicly traded bitcoin holders.
New York’s financial regulator directed banks to use blockchain analytics to screen wallets and combat illicit activity as they expand digital asset services.
Three Swiss banks completed the first payment using tokenized deposits on a public blockchain, a test that could rival stablecoins for cross-bank settlement.
🚨 Trending on Reddit
Disney (DIS) stock mentions are up on the news that Jimmy Kimmel’s show was canceled over his comments about Republicans’ reaction to Charlie Kirk’s murder. Some are expressing concerns that this might lead to a backlash against the company, with potential cancellations of Disney+ and ESPN subscriptions, which could impact revenue. However, others believe that this situation might not significantly harm Disney in the long term.
AMD (AMD) mentions are also up, but for bad reasons: people are comparing the company’s performance to Nvidia’s and Intel’s, and some don’t like what they see. Overall, there’s a mixed sentiment, with some expressing dissatisfaction about the company's share price while others defend the quality of its products. This is especially interesting in light of the NVDA-INTC news today.
Alternative Investing News
Gold hit a record high after the Federal Reserve cut rates by 25 basis points. The metal has surged more than 40% this year as investors pile into safe-haven assets during the easing cycle.
Blue Owl Capital launched OWLCX, an $850 million interval fund giving individuals access to alternative credit and asset-based finance.
A North Las Vegas self-storage facility secured an $11.9 million bridge loan arranged by Talonvest Capital.
🤫 Insider Trading
🚚 Market Movers
Tesla is reworking its Model Y door handles after US regulators opened an investigation into 174,000 vehicles over reports the electronic releases can fail; the NHTSA has logged more than 140 related complaints since 2018.
Lyft and Waymo paired up to launch robotaxis in Nashville in 2026. Riders will be able to hail cars through both the Waymo and Lyft apps, a notable first for Waymo’s partner integrations.
Amazon launched an AI agent for its third-party sellers that can flag slow-moving inventory, suggest pricing changes, and handle compliance checks across markets.
🎙 What Do You Think?
If we did some stock experiments with AltIndex, what strategies would you want to see?
- An account that invests short-term in the top 5 AltIndex stocks
- An account that invests mid-term in the top 50 rated stocks
- An account that only invests based on Reddit sentiment
- A robotics investing account
- A World War III account (best defense, aero, industrial stocks)
- A meme stock account
- Other (let us know)
🎤️ What you said last time
🎪 Crowdfunding Showcase
Stellaris wants to turn skyscraper glass into power plants. Their transparent solar window inserts deliver 5x more output than other transparent solar window technologies, using narrow silicon cells arranged like micro venetian blinds to catch sunlight without blocking the view. Backed by $7 million+ in venture funding and already selling to first customers, they’ve opened a Wefunder campaign with a $100 minimum investment. See the full pitch and invest here →
🧠 The Missing (Market) Links
The SEC moved to make crypto ETF approvals virtually automatic, but Bitwise warned that didn’t mean investors rushed in.
The Jimmy Kimmel show was canceled indefinitely because of Kimmel’s comments about right-wing politicians’ responses to Charlie Kirk’s murder.
Moody’s is flagging Oracle’s $300 billion in AI deals as risky. Don’t worry though, they apparently aren’t serious enough to ding Oracle’s credit rating.
This 32-year-old mom is making $122,000 a year in healthcare without a medical degree; what are you doing with your life?
Two new altcoin ETFs tied to XRP and Dogecoin launched this week, yet analysts said no guarantee of inflows without real demand.
U.S. hatcheries set 245.99 million broiler eggs last week, up 4% from 2024, with nearly 194 million chicks placed into production. Chicken output climbed into 2025, keeping poultry prices under pressure.
Arkansas placed 21.5 million broilers into production last week, while Missouri slipped below 6 million. The USDA’s next forecast for 2025 chicken production was set for October 9.
📜 Quote of the Day
“The Elementary mathematics of compound interest is one of the most important models there is on earth”
📢 We want to hear from you
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⭐️ What did you think of today's edition?
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Cheers,
Brandon & Blake of Invested Inc
Thumbnail image: Federalreserve, Flickr
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