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Sixth And Silicon 🧠

Sixth And Silicon 🧠

Author
Tom Bruni The Daily Rip
2 days ago
9 MIN READ
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CLOSING BELL
Happy Friday!

Happy Friday, and welcome to the week chip stocks ate. The S&P notched its sixth straight win, but the real winner this week is tech: Micron alone now trades richer than JPMorgan.

$MU ( ▲ 15.49% ) is up roughly 35% on the week, its best stretch since 2008. Memory shortages and AI capex stacked with broader silicon enthusiasm to take chips parabolic by Friday. $XLK Tech ripped +3% while utilities, health care, and financials all closed lower. The Nasdaq hit a record high close.

In macro, April payrolls hit +115K, the second straight beat. Wall Street took it as proof the labor market is fine without rate cuts, which the Fed is increasingly happy to oblige, but the real news is the Fed is looking downthe bareel at new leadership, and little reason to cut rates any time soon.

The Iran ceasefire mostly held despite Gulf clashes, barrages between the navy and tankers trying to make it through the gap. Crude crept up to $95, but oil’s broader weekly slide says the market is pricing peace, not war. The U.S. said it hopes for s response from Tehran on the ceasefire proposal this weekend.

$AMAT, $CSCO, and $BABA report next week. If memory demand is real, $AMAT ( ▲ 6.04% ) is where it shows up.

Today’s Briefing:

  • Industry News: $AAPL and $INTC reached a preliminary chip-making agreement, putting Intel on its biggest run in years

  • After the Bell: Dunkin’ parent Inspire Brands filed confidentially for IPO, Cerebras lined up a higher IPO price range

  • FEATURE UPDATE: Video Posting Just Dropped on Stocktwits

  • Pops & Drops and more

DEAL NEWS
Intel’s Comeback Customer 🏭 

Intel’s Comeback Customer 🏭 Intel, the chipmaker that both designs and manufactures semiconductors, landed Apple as a foundry customer Friday after more than a year of talks brokered in part by the Trump administration, sending shares to an all-time high.

The RIP: $INTC ( ▲ 13.96% ) closed +14% at a new all-time high, intraday peak $130.57. Foundry unit posted a $2.4B operating loss in Q1. $AAPL iPhones account for ~59% of Apple’s Q1 revenue. Up +245% YTD. U.S. government holds a 10% stake in Intel after converting $9B in federal grants to equity last summer.

Per the WSJ, the deal wasn’t just two companies cutting a contract — Commerce Secretary Howard Lutnick spent a year personally lobbying Apple’s Tim Cook, and Trump pushed Cook directly at the White House. The strategic logic is real: TSMC’s capacity is now squeezed by Nvidia’s AI chip demand, leaving Apple with less leverage to secure its own supply.

Cook flagged the iPhone chip shortage on two straight earnings calls. Intel, with CEO Lip-Bu Tan now also having landed Nvidia ($5B investment, custom CPU deal) and Tesla’s Terafab project, is suddenly the foundry of record for America’s biggest tech names. The risk hasn’t changed: this is preliminary, the Foundry has been burning cash for years, and TSMC’s process technology still leads. Announcements don’t fix a $2.4B quarterly loss. 🏭

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STOCKS
IREN Earns Nvidia’s Wallet 🏗️ 

The bitcoin-miner-turned-data-center operator ripped Friday after Nvidia bought warrants to invest up to $2.1B in the company as part of a deal pairing AI server purchases with cloud capacity.

The RIP: $IREN ( ▲ 7.65% ) closed +7.65% at $61.20, off an intraday spike to $72.09 on volume of 108M shares, nearly 3x the average. Q3 revenue $144.8M vs. $220.2M estimate; net loss $247.8M vs. $52.9M expected. Nvidia deal worth up to $2.1B at a $70 strike. Separate five-year AI cloud services contract with Nvidia valued at $3.4B. Morningstar raised fair value to $41 from $26, implying ~33% downside from close.

The Nvidia deal follows a $9.7B cloud agreement with Microsoft, and IREN added 490 MW via its acquisition of Spain’s Ingenostrum, pushing its power portfolio to 5 gigawatts. The gap between the $72 open and $61 close tells you the trade: buyers loved the headline, then did the math on a loss that nearly tripled estimates. Morningstar still calls it overvalued. Holders need the AI cloud revenue to ramp fast enough to justify a stock up +789% in the past year. 🏗️

AFTER THE BELL

Dunkin’ Parent Eyes the Exit ☕

Inspire Brands filed confidentially for an IPO Thursday, targeting a ~$20B valuation for the 33,300-location empire behind Dunkin’, Arby’s, Sonic, and Buffalo Wild Wings. JPMorgan and Bank of America are leading the deal targeting ~$2B in proceeds; Inspire posted $33.4B in global sales in 2025 and carries significant debt from its $11B take-priva-private deal.

Does Inspire pricing at $20B lift the whole group →

Cerebras Cranks the IPO Price 🤖

Cerebras is set to raise its IPO price range as soon as Monday, making it the hottest tech offering of 2026 so far. Cerebras is marketing 28M shares, initially at $115-$125, with the new range expected at $125-$135, implying a ~$28.5B valuation; 2025 revenue was $510M, up from $290M in 2024, against a GAAP operating loss of $145.9M

$CBRS chat — real $NVDA challenger or hype trap →

STOCKTWITS UPDATES
Video posting is now live on Stocktwits.

<blockquote align="center" class="stocktwits-embedded-post" data-origin="https://stocktwits.com" data-id="652575390"

QUICK VIDEO ANALYSIS

Testing out the excellent new Video upload feature @Stocktwits

Stocks covered – $ARM$NVDA$AMD and $AMZN

Full 30min video available on YouTube –

youtube.com/watch?v=1Lime3g…

— Sammy McCallum (@Honeystocks)
1:25 PM • May 7, 2026

The post box just got a lot more powerful.  

Traders can now post video directly on Stocktwits – chart walk-throughs, earnings reactions, trade breakdowns, market takes. All of it, in your voice, in the stream where your followers already are.  

Just tap the video icon in the post box, choose your clip, and post. Your existing Stocktwits audience sees it immediately.  

That’s the format that works here – focused, fast, market-relevant. Go see what the community is already posting. And if you’ve been waiting for a reason to share more of your process – this is it.

Post your first video →

P.S. If you do not see the icon in your post box yet, it is on its way. Update your app to the latest version on the Apple App Store or Google Play Store.

TRENDING ON STOCKTWITS
Pops & Drops

CASHTAG AWARDS
A HUGE thank you to our AMAZING Cashtag Awards Partners.

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👀 Trump announces three-day ceasefire in Russia-Ukraine war

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Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋





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