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Hello Capitalists,
Here is everything you should be following today:
Musk’s xAI startup soars to a $200 Billion valuation
xAI secures $5B in new investment, takes the total to $15B in 3 months
Toyota’s billion dollar battery plant opens in North Carolina
Palantir CEO has a stark warning for consumer AI
Disney smashes earnings but the stock price tanks
REVEALED: Disney is losing $30M a week in its fight with YouTube
It’s the end of the road for the penny
Today’s markets + assets:
🔴 DOW: 47747.18 (⬇️ 0.1.05%)
🔴 S&P: 6757.69 (⬇️ 1.36%)
🔴 NASDAQ: 22899.18 (⬇️ 2.17%)
⚠️✅CBOE VIX Volatility Index: 20.01 (⬆️ 14.28%)
🔴 Gold: $4204.8 (⬇️ 0.19%)
🔴 Silver: $53.145 (⬇️ 0.55%)
🔴 Bitcoin: $98,375 (⬇️ 3.75%)
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Musk’s xAI startup rockets to a $200 Billion
Elon Musk’s xAI has now secured a massive $15 billion [ [link removed] ] in fresh funding from investors, fueling the AI arms race with billions earmarked for cutting-edge graphics processing units.
Valuation Skyrockets Further: The latest infusion of $5 billion builds on the $10 billion raised in September that takes the valuation of xAI to a $200 billion valuation.
Cash Fuels GPU Buildout: Much of the new capital will directly fund purchases of graphics processing units essential for training large language models.
AI Funding Frenzy Intensifies: Sky-high valuations dominate the sector amid explosive demand for foundational AI models from startups.
Rivals Raise Billions Too: Competitors like Anthropic raised $13B round, and OpenAI who raised $6.6B are chasing chase trillion-dollar ambitions in the heated AI arms race.
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Toyota opens $13.9B battery facility in North Carolina providing 5,100 new jobs
Toyota launched production Wednesday [ [link removed] ] at its sprawling $13.9 billion battery factory in Liberty, North Carolina — its first outside Japan — while pledging another $10 billion in U.S. investments to accelerate electrified vehicle manufacturing.
Massive Job Creation Surge: The facility is expected to generate up to 5,100 American jobs in manufacturing and support roles.
Huge Production Capacity Ahead: The plant targets 30 GWh annually from 14 lines, powering hybrids and Toyota’s first U.S.-built all-electric three-row SUV.
Record-Breaking Investment Total: The new commitments push Toyota’s cumulative U.S. spending to nearly $60 billion over seven decades.
Expansive Employee Amenities Offered: Toyota plans to provide on-site childcare, a medical clinic, a pharmacy, and a fitness center for employees to transform the site into a “vibrant community.”
Palantir CEO has a stark warning for AI competitors about the future
Palantir CEO Alex Karp fired off a stark warning Thursday [ [link removed] ] that vast chunks of the booming AI market may flop spectacularly, failing to generate enough real-world value to cover skyrocketing development and implementation costs.
Two Distinct AI Markets: Karp divides AI into basic “enhanced intelligence” tools that don’t move the needle on revenue or margins, versus elite applications delivering rapid, quantifiable gains in business or warfare.
Consumer AI “Very Weak”: He dismissed the hype around consumer-facing AI products as fragile and already “dissipating,” unlikely to justify massive investments.
Palantir Dominates Proven AI: Karp asserted his company leads the narrow but lucrative subset of AI that produces dramatic, measurable results—boosting margins, revenue, or even battlefield outcomes—for enterprises and governments.
Echoes Broader Bubble Fears: His caution aligns with dire predictions from investors like Jim Chanos and Michael Burry, plus tech titans, as hyperscalers plan to pour nearly $500B into data centers next year alone.
Disney doubles net income but stock plunges 10% after earnings report
Disney stunned Wall Street Thursday [ [link removed] ] by more than doubling net income to $1.44 billion in fiscal Q4, crushing EPS expectations at $1.11 per share despite missing revenue forecasts. Post-earnings release the stock plunged nearly 10%.
Streaming Turns Profitable Fast: Combined direct-to-consumer business posted $352 million in operating income, up 39%, with Disney+ adding 3.8 million subs to hit 131.6 million total.
Experiences Segment Crushes Records: Parks and cruise revenue jumped 6% to $8.77 billion while operating income rose 13% to $1.88 billion on higher guest spending and bookings.
Linear TV Drags Results: Entertainment revenue fell 6% amid declining ad sales and no political boost, pulling linear networks income down 21%.
Big Rewards for Shareholders Ahead: Company plans to double fiscal 2026 share buybacks and substantially increase its dividend payout.
DISNEY’S $30M WEEKLY HEMORRHAGE EXPOSED!
Disney is bleeding an estimated $30 million per week in lost carriage fees [ [link removed] ] as a bitter contract dispute with YouTube TV blacked out ESPN, ABC and other channels for a 13th straight day, analysts say.
Analysts Forecast Quick Resolution: Morgan Stanley predicts the blackout will end later this week after nearly two weeks of stalemate.
Earnings Hit Keeps Growing: Each week without a deal shaves $0.02 off Disney’s adjusted earnings per share.
YouTube Offers Subscriber Credit: Google-owned YouTube TV is giving customers a $20 credit to offset the loss of Disney networks.
Disney Blames Below-Market Demands: Executives say YouTube TV refuses fair terms, rejecting even a temporary Election Day restoration of ABC.
The US Penny is no more after 232 years
The U.S. Mint struck its final circulating penny Wednesday, [ [link removed] ] ending production of the iconic Lincoln branded one-cent coin after 232 years as soaring manufacturing costs — now 3.69 cents per penny — and dwindling everyday use rendered it economically unsustainable.
Production Costs Skyrocketed: Expenses rose from 1.42 cents to 3.69 cents per penny over the past decade, causing the Treasury to lose $85 million on pennies last year alone.
Final Coin Ceremony Held: Treasurer Brandon Beach minted the last circulating penny in Philadelphia, with acting Mint director Kristie McNally hailing its 232-year legacy in American commerce.
Billions Still Circulating: An estimated 300 billion pennies remain in existence — far more than needed — so retailers can continue one-cent pricing without new coins.
Nickel Problem Looms Next: Eliminating the penny could boost demand for loss-making nickels, which cost even more to produce and drained $18 million from the Treasury last year.
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