SpaceX enters the Nasdaq-100 tomorrow, forcing $800 billion in index ETFs to start buying. SharonAI struck a six-year NVIDIA partnership that rewrites its trajectory.
Today’s edition covers every name that mattered before a week set to stress-test the AI trade from every angle.

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Markets
Nasdaq confirmed it’s fast-tracking SpaceX into the Nasdaq-100 under new megacap inclusion rules — $800 billion in ETF assets need to hold SpaceX shares starting tomorrow, and funds are buying ahead of the bell.
That optimism is about to face a live stress test: Samsung reports a Q2 update Tuesday and SK Hynix’s $29 billion U.S. listing hits later this week, making it one of the largest share sales in history.
OPEC+ raised production for a fifth consecutive month, and JPMorgan’s commodity strategist put it plainly: “The surge in oil supply is about to collide with a market that simply does not need it.”
Fed Governor Waller said the risks facing the Fed have “completely flipped” over the past year — a year ago he was advocating cuts, now he says inflation is running hot, and the labor market is stabilizing.
TeraWulf signed a 20-year, $19 billion campus lease with Anthropic, and the Texas Stock Exchange opened for live test trading for the first time.
DJIA [+0.29%]
S&P 500 [+0.72%]
Nasdaq [+1.12%]
Russell 2000 [+0.42%]

Market-Moving News
M&A & Corporate Deals
Solstice Makes $14.5 Billion AI Materials Bet
Solstice Advanced Materials agreed to buy Element Solutions in a $14.5 billion cash-and-stock deal, including debt, less than a year after Honeywell spun out the company. Element holders will receive $10 in cash and 0.500 Solstice shares for each Element share.
The combination would create a larger supplier of materials used in semiconductor manufacturing, electronics, and industrial applications. Solstice said the deal would strengthen its exposure to AI infrastructure, data center cooling, and thermal management.
Lockheed Adds Undersea Defense With Ultra Deal
Lockheed Martin agreed to buy Ultra Maritime from Advent for $3.45 billion, adding a naval defense business focused on anti-submarine warfare and undersea technology.
Ultra Maritime is part of Cobham Ultra, which Advent created after acquiring British aerospace company Cobham in 2019 and combining it with Ultra Electronics in 2022.
Earlier this year, Ultra Maritime received a U.S. Navy development contract for an underwater acoustic decoy system designed to protect ships and submarines from torpedoes.

Chip Stocks & AI
Chip Stocks Stabilize After Recent Selloff
Chip shares helped lift Wall Street at Monday’s open, with the Nasdaq Composite rising 0.65% to 25,999.61. The S&P 500 added 0.32% to 7,506.96, while the Dow slipped 0.14% to 52,828.45.
Western Digital, Seagate, and Micron were among the early rebounders after last week’s AI-stock pullback. The chip trade stayed in focus ahead of Fed minutes and second-quarter earnings.
Micron Dip Draws Bullish UBS Call
Micron shares had fallen 14% over five trading sessions, but UBS analyst Nicolas Gaudois called the pullback a buying opportunity after a sharp run in memory-chip stocks.
The call leaned on tight memory-chip supply and strong AI demand. UBS expected DDR prices to rise 32% in the third quarter and another 18% in the fourth, while the memory industry could generate close to $1.2 trillion in free cash flow in 2027.

Healthcare & Pharma
Novartis Adds Cancer Platform With Myricx Deal
Novartis agreed to buy London-based Myricx Bio in an up to $1.5 billion cancer-drug deal, with $1.1 billion upfront and up to $400 million tied to milestones.
Myricx develops antibody-drug conjugates, a class of cancer treatments designed to deliver targeted payloads to tumors. The deal is expected to close in the second half of 2026 and adds another platform to Novartis’s oncology pipeline.
Wegovy Pill Reaches UK Pharmacies
Novo Nordisk’s Wegovy pill went on sale privately in the UK through high street and online pharmacies, after approval from the medicines regulator on June 11.
The once-daily pill contains semaglutide, the same active ingredient as the Wegovy injection. Prices started at £2.30 per day in some multi-month plans, while trial data showed 14% to 17% body weight loss over 64 weeks.

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New Listings & Index Flows
SK Hynix Taps Nasdaq for AI Cash
SK Hynix launched an about $28 billion U.S. ADR listing on Nasdaq, using the AI memory boom to widen access for U.S. investors.
The sale included 17.79 million new shares and drew up to $7 billion of indicated interest from major investors. Proceeds were set to fund chip plants and advanced equipment as demand for high-bandwidth memory stayed tight.
SpaceX Heads Into Nasdaq-100
SpaceX was set to officially join the Nasdaq-100 on Tuesday, putting about $800 billion in index-tracking assets in line to buy shares after Monday’s close.
The rocket company entered under Nasdaq’s faster path for newly public megacap companies. Even with a $2.1 trillion valuation, SpaceX was expected to remain a small index component because less than 5% of its shares were sold in last month’s IPO.

Auto Parts Retail
O’Reilly Falls on Possible NAPA Bid
O’Reilly Automotive shares dropped 16.2% Monday after reports it may pursue a possible $10 billion NAPA bid for Genuine Parts’ auto-parts division.
The concern was not only price. UBS data showed 60% of NAPA’s U.S. stores were within a 10-minute drive of an O’Reilly location, raising questions around overlap, store closures, and regulatory review.
AutoZone Slides With Aftermarket Retailers
AutoZone joined the sector sell-off Monday as O’Reilly and AutoZone fell 6.7% and 5.8%, respectively, making auto-parts retailers among the weakest S&P 500 names.
The pressure came as investors weighed whether a large NAPA transaction would reset expectations for the aftermarket retail group. O’Reilly’s possible bid also pulled attention toward sector overlap, acquisition risk, and valuation discipline.

Top Winners and Losers
Wallbox [WBX] $5.62 (+38.77%)
Wallbox makes smart EV chargers and energy management systems that integrate solar, batteries, and grid connections — exactly the kind of infrastructure that AI data center campuses like the Anthropic-TeraWulf complex depend on.
The EV grid-management thesis picked up fresh institutional attention this session after TeraWulf’s $19B campus deal confirmed the scale of power buildout ahead.
AMC Robotics [AMCI] $6.05 (+23.72%)
AMC Robotics signed a lease for a 6,150-square-meter manufacturing facility in Bac Ninh, Vietnam, to begin production of its NovaArm robotic arm and Kyro quadruped robot.
Phase 1 carries a $3.5 million buildout with production targeted for the second half of 2026. A real facility lease with a real budget and a real timeline is how a robotics company turns a pitch into a contract.
SharonAI [SHAZ] $79.96 (+17.74%)
SharonAI signed a six-year strategic compute partnership with NVIDIA to deploy up to 40,000 Grace Blackwell GB300 GPUs in Australia, adding 72MW of AI data center capacity under a revenue-sharing model.
The company also raised $1.6 billion through equity and 4.75% convertible notes to fund the buildout. When an NVIDIA partnership comes with a $1.6 billion check attached, the market does not wait around.

Alarum Technologies [ALAR] $3.08 (-51.50%)
Alarum suspended its NetNut residential proxy network services after the FBI launched an investigation into malicious traffic running through the platform. Suspending your core commercial product because federal investigators are looking at it is one of the cleaner reasons a stock drops 50% in a day.
Julong Holding [JLHL] $3.69 (-49.66%)
Julong has been swinging between multi-week highs and near-wipe-outs on thin float momentum for over a month, and today is the biggest single-session drop in that cycle.
In Chinese commercial services names with no analyst coverage and no confirmed business catalyst, the reversal comes when positioning unwinds — and 49% in a day is what that looks like.
Energous [WATT] $19.52 (-18.97%)
Energous makes WattUp wireless power-delivery technology for consumer devices and medical applications.
The stock had been building momentum through late June on the AI power demand theme and a licensing pipeline that includes partner chips from Dialog Semiconductor.
Today is a technical pullback after a strong run, as the broader session’s rotation into large caps drew capital away from small-cap momentum names.

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Everything Else
💼 The market is starting to look past the usual winners, as investors search for the next group of companies with the cash flow and scale to lead what comes next.
📈 The Nasdaq climbed more than 1% as semiconductor stocks rebounded, snapping a two-week losing streak driven by pressure on the chip sector.
🤖 Solstice is acquiring Element Solutions in a $14.5 billion deal aimed at strengthening its position in the AI market.
💊 The EU approved AbbVie’s Tepkinly combination treatment for follicular lymphoma, giving the company another boost in cancer care.
✈️ Boeing has started production on its new 737 assembly line in Everett as it works to increase aircraft output.

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Elite Trade Club
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