NVIDIA tried to buy this company for $40 billion.



<[link removed]>



Сⅼіϲkhеrе and I'll reveal the shocking details. <[link removed]>



NVIDIA tried to buy this company for $40 billion.

The U.S. government blocked the deal.

Not antitrust. Not price.

It was deemed too critical to let any single company control.

Dylan Jovine — 30 years on Wall Street, who called Palantir at $7.38 (2,712%)
and Rocket Lab at $3.80 (3,850%) — has been trackingthis firm
<[link removed]>
for months.

So NVIDIA did the next best thing: locked in a 20-year supply agreement.

Jensen Huang said they’ll “continue to support this firm for decades to come.”

But NVIDIA isn’t the only one who needs it.

Elon Musk’s SpaceX builds on it — their job postings demand experience with
this firm’s technology, in writing.

Jeff Bezos builds Amazon’s AI chips on it, and Blue Origin runs its control
systems on it. Apple, Google, Meta, Samsung, and Qualcomm all pay it billions
in royalties every year.

Its technology is already in the phone in your hand.

Every time you open an app, stream a video, or ask your assistant a question,
this company’s
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architecture is running underneath.

Here’s what makes this moment different.

Last quarter, this firm’s data-center royalties more than doubled year over
year and its next earnings call isJuly 29th.

With royalties accelerating and the orbital-data-center buildout just
starting, July 29th could be the day the market re-rates it.

Get the name and ticker of the stock NVIDIA tried to buy for $40 billion —
before July 29th >>
<[link removed]>

“The Buck Stops Here,”
Kelly Maguire
Behind the Markets



Сⅼіϲkhеrе and I'll reveal the shocking details. <[link removed]>

 


Today's Market Update For You
Valero Is Up 83% in 2026, Marathon 86%, and PBF Energy 123% — as Wide Crack
Spreads Drive Oil Refiners to All-Time Highs on the Same Sessions the S&P 500
Rotated Away from Technology. The One Sector the AI Narrative Cannot Reach
Seven U.S. oil refinery stocks reached simultaneous all-time highs in the
first half of 2026, led by Valero Energy (+83%), Marathon Petroleum (+86%),
Phillips 66 (+56%), Par Pacific Holdings (+108%), PBF Energy (+123%), Delek US
Holdings (+103%), and HF Sinclair (+79%). The driver: crack spreads — the
margin between the price of refined petroleum products (gasoline, diesel, jet
fuel) and the cost of the crude oil feedstock — have remained wide through the
Iran war's disruption of global oil flows. Refiners are a structural
beneficiary of the supply shock in a way that differs from integrated oil
producers: they benefit not from high oil prices directly but from the spread
between crude acquisition costs and refined product selling prices. When Hormuz
disruptions simultaneously reduced available crude supply and elevated demand
for refined products as consumers competed for limited gasoline, refiners with
access to domestic or Canadian crude priced at Western Canadian Select or WTI
were able to sell into a market where refined product prices tracked the global
Brent premium — capturing a margin expansion that did not require them to own
the underlying commodity.

The apparent contradiction — refinery stocks reaching all-time highs
simultaneously with the consumer spending squeeze driven by elevated energy
prices — resolves through the economic structure of energy markets. High
gasoline prices are a cost for consumers and a revenue for refiners. The$1.22 to
$1.50 per gallon that the average American household is paying above the
pre-war level represents a transfer of income from consumers to energy
producers and refiners. The consumer spending slowdown that Conference Board
analysts have documented — real spending growth tracking at1.5% despite nominal
retail sales up6.9% — is partly the arithmetic of that transfer. Household
budgets allocated more to gasoline have proportionally less for discretionary
spending. Refiners' income statements capture the other side of that
transaction, explaining why the energy sector has been one of the strongest
performers in an earnings environment where most of the S&P 500 is either
stagnant or rotating.
The Refinery Trade — 2026 YTD Performance Across the Sector


Valero (VLO) / Marathon (MPC) YTD+83% / +86%Both at all-time highs — largest
U.S. refiners benefiting from wide crack spreads and domestic crude discount to
global Brent
PBF Energy / Delek YTD+123% / +103%Independent refiners with higher operating
leverage to crack spreads outperforming even the integrated majors; PBF more
than doubled from its 2026 lows

Crack Spread DriverHormuz disruption reduced available crude while gasoline
demand stayed near seasonal peaks — spread widened structurally, not just
temporarilyRefiners with domestic crude access (WTI discount) buy cheap; sell
into global Brent-linked refined product markets
S&P 500 YTD (Comparison)~+10%Refiners' 80–120% gains against the index's 10%
gain represent sector-level returns that rival the AI chip advance — rarely
discussed in the same context
The Crack Spread Trade — Mechanics and Durability

What Sustains Wide Crack Spreads What Closes Them

Continued Hormuz disruption — limited crude flowing through the strait keeps
the global supply-demand balance tight while domestic WTI discount persistsFull
ceasefire implemented — Iranian crude production restores, global supply
increases, Brent falls toward EIA $74/bbl base case, refined product prices
drop relative to WTI
Elevated summer gasoline demand — seasonal peaks for driving demand sustain
refined product prices at a premium relative to crude input costConsumer demand
destruction from high gas prices — if consumers dramatically reduce driving in
response to elevated prices, refined product demand falls, closing spread from
the demand side
U.S. refinery capacity constrained — no new major U.S. refineries built since
the 1970s; capacity is fixed in the near term regardless of demandRecession
scenario — a consumer-led slowdown that reduces discretionary driving would
compress demand faster than supply can adjust
Structural constraint: U.S. cannot import refined products at scale to relieve
the domestic price — the refinery is the production bottleneckRisk: a sudden
resolution of Hormuz tensions would compress crack spreads within days, not
weeks — refinery stocks would reverse sharply from all-time highs
Refiners are the one sector in 2026 whose returns are structurally inversely
correlated with a geopolitical resolution — they benefit most from the conflict
that hurts everyone else.
The refinery sector's performance in 2026 is the most direct equity
expression of the Iran war's economic impact, and the one least discussed in
the context of the AI infrastructure narrative that dominates market
commentary. Every AI-related trade in 2026 — the chip cycle, the data center
REITs, the software multiples — carries a rate and a macro sensitivity. The
refinery trade carries neither in the near term: crack spreads widen
specifically when macro uncertainty is highest, oil supply is most disrupted,
and the Fed is tightest. The portfolio role of a refiner equity in this
environment is therefore uniquely anti-correlated to the primary risk in the AI
portfolio: if the Hormuz situation escalates and everything else sells off,
refinery stocks accelerate. Whether that hedge is worth carrying into a second
half in which a durable peace deal would reverse it in a day is the position
sizing question that portfolio managers using this sector as a macro hedge must
answer before the August 16 MOU deadline passes.

Sources: CNBC · Fox News · Reuters · CNBC Markets


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