3 Public Tickers With a Stake In October's Mega-IPO

Dear Reader,

The most anticipated IPO of the decade has a problem.

You're not invited.

The company reportedly declared unauthorized share transfers void, which slammed the door on the pre-IPO platforms where insiders usually trade.

No secondary market.

No early allocation.

Nothing until the October listing that Goldman Sachs, Morgan Stanley, and JPMorgan are preparing right now.

Except our analyst found the side door.

See the 3 public stocks with direct exposure.

☕️ GM Munchers! Happy Little Friday. My wife reminded me that "Little Friday" isn't a real thing and that I still have to work tomorrow. She's right, which somehow made it worse.

On today’s menu:

• 🚗 Uber Just Cut 3,300 Jobs To Bet Big On Robotaxis

• 💻 Dell Just Proved It's Secretly An AI Powerhouse

• 👀 2:59 PM Friday. Make this trade.

• ☕️ The Price of Coffee Is Crashing

• 🇺🇲 The New $1 Trump Coin Is Now In Circulation

Yesterday’s numbers:

BREAKING NEWS

🚗 Uber Just Cut 3,300 Jobs To Bet Big On Robotaxis

$UBER Uber announced its largest layoffs since the pandemic, cutting roughly 3,300 employees, about 10% of its global workforce, in a major restructuring aimed at slashing costs. The company is also reducing its number of managers by 20%. This is Uber's second-largest layoff in company history, behind only the brutal 2020 cuts when ride demand collapsed.

Here's the important context, though. Unlike a lot of tech layoffs, this one isn't happening because the business is struggling. The CEO said Uber's growth over the years created "more layers, more coordination, and fragmented ownership.” Basically corporate bloat. The company is trimming redundant management to move faster, not because the core business is broken.

The stock has had a rough year, down almost 8% while the S&P 500 has climbed almost 12%. That underperformance ties directly to one looming story: robotaxis.

• 💰 The war chest: Uber has committed over $10 billion to robotaxi partnerships, trying to position itself as the go-to for driverless rides.

• 🤝 The partners: Uber works with Waymo in cities like Austin and Atlanta, and has deals with Amazon's Zoox, plus Nissan and Wayve for a Tokyo pilot. It does not currently have a Tesla robotaxi deal.

• ⚠️ The threat: Waymo has started entering some markets on its own, and Tesla is chasing its own robotaxi fleet, raising fears these players could cut Uber out as the middleman.

The Munch Take: Our honest read is that cutting managers isn't going to dent Uber's actual operations one bit. This is trimming redundancy, not muscle, and the market seemed to agree, sending shares up about 2% on the news. The real story here isn't the layoffs, it's the $10 billion robotaxi bet underneath them. Uber is trying to become the platform every driverless car plugs into, and whether that makes it the winner or the middleman that gets cut out is the question that actually decides the future of this stock.

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STOCK OF THE DAY

💻 Dell Just Proved It's Secretly An AI Powerhouse

$DELL Dell Technologies rocketed 15.91% yesterday after a blowout quarter, and the stock is now up an eye-watering 285% year to date. It's still a company most people think of as the maker of their boring corporate laptop but they’re quietly becoming one of the biggest winners of the entire AI buildout.

Here's what the numbers actually showed. Dell posted record revenue of $47 billion, up 58% from a year ago and well above the $44.9 billion Wall Street expected. Adjusted earnings more than tripled to $7.04 a share, crushing the $4.91 analysts wanted. Even the old-school businesses ripped, with PC sales up 20% and traditional server and networking revenue jumping 122%.

While all the numbers are great, the AI infrastructure story is the real engine here. Everyone obsesses over Nvidia's chips, but those chips are useless without servers, networking, and storage to actually run them, and Dell supplies a mountain of that gear.

• 🏗️ The AI business is enormous: Dell's infrastructure group posted record revenue of $31.8 billion, up 89%, now roughly two-thirds of the whole company.

• 📦 The backlog is staggering: Customers ordered $60.9 billion in AI servers this quarter alone, leaving Dell with a record $95 billion order backlog waiting to be filled.

• 📈 Guidance went sky-high: Dell raised its full-year revenue forecast by $25 billion to $192 billion, which would mean nearly 70% annual growth.

The Munch Take: This one perfectly fits our whole "sell the shovels" AI thesis, and the numbers are frankly a little crazy. Here's our honest take, though: we're not chasing it. A stock up 285% in a year has already made the gains for whoever was early, and buying now means paying up right after a monster move. The business is real and the AI demand is real, but the easy money on this one has already been made. We'd want a serious pullback before ever touching it.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

💰️ Free Report: Buy this stock tomorrow (Via Chaikin Analytics)

🖥️ $NVDA Nvidia had itself a day, climbing 3.21%. The market's favourite AI name reminded everyone why it's still the one to watch.

🦊 $GTLB GitLab jumped 9.98% after beating expectations, with revenue up 21% as more developers leaned on its software platform to build AI tools.

👽 $RDDT Reddit rose 9.27% after Baird held its Neutral rating steady ahead of key data-licensing deals coming up for renewal. Not bad for "wait and see" call.

📷 $GPRO GoPro soared another 37.4% as excitement around its pivot to AI kept snowballing. Two monster days in a row means this one has officially gone from camera stock to momentum rocket.

🔐 $PANW Palo Alto Networks fell 9.28% as traders cashed in gains even after a strong quarter. Sometimes good results just become a reason to take money off the table.

🔋 $FCEL FuelCell Energy dropped 15.69% after a rough quarter that included a 29% slide in revenue. Shrinking sales are exactly the kind of thing that sends a stock straight to the penalty box.

🚀 Pre-Market Fuel

1. 🚀 Retail chased SpaceX to $225. The pros bought this instead. (Ad)

2. ☕️ The price of coffee is crashing.

3. 🇺🇲 The new $1 Trump Coin is now in circulation.

4. 🏘️ The 30-year mortgage rate is climbing.

5. 🇳🇱 The Netherlands is moving their gold out of the US and Canada.

🍪 Munchy Memes

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