From the Desk of InvestorPlace: I'll be brief. The OpenAI IPO window is closing fast, and my colleague Luke Lango — one of the sharpest analysts I know — says the real opportunity isn't what most people think. He put together something specifically for our readers. There's a free ticker involved. Worth 60 seconds of your attention.

Dear Reader,

There's a single ticker that gives you a stake in both OpenAI and Anthropic...

You don't have to wait for these revolutionary AI companies to go public.

You can get in today, from any regular brokerage account, for less than $100.

We'll give you the ticker symbol, completely free. No subscription required.

Click here to get the free ticker.

Sincerely,

Luke Lango
Senior Technology Analyst, InvestorPlace

BREAKING NEWS

🪙 Goldman Just Took $500 Off Its Gold Target. Here's Why It Matters.

Goldman Sachs just slashed its year-end gold price target from $5,400 to $4,900 an ounce. That's a $500 cut in one move and the reason behind it is simple. Goldman no longer thinks the Fed is cutting rates in 2026.

Here's the thing about gold.

It pays you nothing to hold it. No dividends. No interest. So when rates stay high, bonds look more attractive and gold loses its shine. Lower rates usually weaken the dollar and push investors toward safe-haven assets like gold. Goldman's whole bull case was built on that happening. But it’s not.

Gold hit a record high of $5,600 an ounce back in January and has now fallen for four months straight. Here's what's actually driving this:

• 🏦 The Fed isn't cutting. Goldman pushed rate cut expectations all the way to mid-2027. That's a long time to hold an asset that pays you absolutely nothing.

• 📉 ETF money is walking out the door. Global gold-backed ETFs shed roughly $2 billion in May alone, with Asian funds logging their first monthly outflow since August 2025.

• ⚠️ The worst case is ugly. If the Fed actually raises rates, Goldman sees gold sliding to $4,400 by year-end. That's not a dip. That's a different conversation entirely.

The Munch Take: Goldman spent months telling everyone gold was going to $5,400. Now it's $4,900. Next month it might be $4,400. The Fed isn't cutting, gold is sliding, and Goldman just quietly moved the goalposts $500 down the field. None of this means the gold story is over. It just means it’s delayed. That’s a big difference. Long term, with debt rising endlessly, there’s never been a better long term case for gold. My wife bought a gold necklace at the January top and still insists she’s “up on the trade” because it matches more outfits now.

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STOCK OF THE DAY

💾 From $40 To $2,100: SanDisk’s Historic AI-Fueled Run

Most people know SanDisk as the little memory card they lost behind the couch in 2009 but Wall Street just turned it into one of the greatest stock runs in recent memory.

With AI booming, there was a massive shortage of the storage chips AI needs most, and SanDisk was sitting right in the middle of it. Demand exploded, supply couldn’t keep up, and the stock went from $40 to over $2,100 in roughly 15 months. That’s not a trade. That’s the kind of move that changes someone’s life if they caught it early enough.

SanDisk is a sign the AI boom is still accelerating. When data centers are this desperate for storage, it tells you the AI boom is nowhere near slowing down.

Here's the simple version of why $SNDK ( ▲ 11.54% ) went nuclear:

• 🤖 AI is hungry. Every AI model you've ever used needs somewhere to store its data. SanDisk makes that storage. Demand exploded and there isn't enough supply to go around.

• 💰 The business is actually real. Sales more than tripled compared to last year. This isn't a meme stock with a good Twitter (X) account. The money is real and the growth is real.

• 📦 They're sold out. Every unit SanDisk can make in 2026 is already spoken for. They have $42 billion in contracts locked in. You can't buy what doesn't exist.

The Munch Take: Everyone spent 2025 arguing about which AI company would win. The actual winner was the company quietly making the storage chips that all of them needed to function. Sometimes the gold rush money isn't in the gold. It's in the shovels. SanDisk is the shovel.

🍪 Munchy Memes