Everyone Owns The Same 5 AI Stocks

$635B to $665B in AI spending is coming in 2026. Almost none of it stays with the household names — it lands one layer below, on the suppliers, enablers, and software businesses nobody's crowded into yet.

Nine of them are in my report this month. See the list.

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☕️ GM Munchers! My wife invented a new holiday yesterday called Little Friday. I countered by inventing a new holiday called Checking My Portfolio Anyway.

On today’s menu:

• 🎉 Inflation Cooled & The Market Threw A Party

• 📦 They Know Where Crypto Owners Live

• 📺️ Bill Ackman Buys Netflix

• ⏰ When Will Anthropic’s IPO Be?

Yesterday’s numbers:

BREAKING NEWS

🎉 Inflation Cooled Off & The Market Threw A Party

Yesterday the U.S. inflation number dropped and it came in at 3.4% for July, down from 3.5% the month before. Gas prices did most of the heavy lifting this time around, dropping enough to help pull the overall number down.

The stock market loved it. The S&P 500 pushed to a fresh all-time high, and traders spent the day betting the Federal Reserve is now less likely to raise interest rates in September.

• ⛽ Gas prices did the cooling. Cheaper gas pulled the inflation number down even while other costs, like rent and groceries, kept climbing slowly in the background.

• 🎲 The rate hike odds got cut in half. On Polymarket, a site where people bet real money on what happens next, the odds of a September rate hike dropped to just 34%. That is about half of where those odds sat on July 27th.

• 💵 Lower hike odds are great news for stocks. Higher interest rates make it more expensive for companies to borrow and grow. Fewer odds of a hike means less of that pressure sitting on the market.

• 🏆 The market did exactly what you'd expect. Stocks rallied hard yesterday, since less rate hike risk usually means investors are willing to pay more for the same shares.

• 👀 Free Report: What Wall Street does every Friday at 4 PM (via StocksToTrade)

The Munch Take: This is about as clean a chain reaction as the market ever gives you. Cooler inflation report, lower odds of a hike, stocks rip to new highs. My wife called this exact domino effect over breakfast before I had even finished reading the CPI headline, then calmly went back to her coffee like it was obvious. It was obvious. The real question now is whether one good inflation report turns into a trend or just a nice Wednesday, and next month's data will start answering that.

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STORY OF THE DAY

📦 They Know Where Crypto Owners Live

It’s never usually a dull day in crypto, but $BTC Bitcoin has been the exception lately, just chopping around between $60,000 and $65,000 for weeks with barely a pulse. Yesterday was different, though not because of price. Trezor, one of the biggest makers of hardware wallets, confirmed a real data breach, and it’s worth understanding even if you have never touched a hardware wallet in your life.

A hardware wallet is a small physical device that stores your Bitcoin's private keys completely offline. That setup is called cold storage, and it’s considered one of the safest ways to hold crypto, since a hacker sitting at a computer cannot reach a device that is never connected to the internet.

• 📦 The breach was not the wallet itself. A shipping company Trezor uses, called ShipMonk, got hacked, exposing the names, phone numbers, and home addresses of 13,689 customers who ordered devices between May and August.

• 🔒 Your actual Bitcoin was never touched. Trezor confirmed its devices and private keys stayed completely secure. Nothing about this breach lets anyone steal coins directly.

• ⚠️ The real danger is knowing where you live. Scammers now have a list of real people confirmed to own crypto hardware, along with their home addresses, which is exactly the kind of information used for phishing scams and, in past incidents at other wallet companies, real physical threats.

• 🏦 This is exactly what ETFs solve. If you want Bitcoin exposure without ever owning a physical device or having your address tied to a crypto shipment, a spot Bitcoin ETF lets you get that exposure through a normal brokerage account instead.

• ✅ Bonus Report: Here’s the stock symbol I’ve promised (Ad)

This is the trade-off with cold storage. It is nearly impossible to hack remotely, but the moment your identity gets linked to owning one, you become a target in the real world instead of just the digital one.

The Munch Take: Long term, we are still very bullish on Bitcoin, genuinely more than we have been in years. Stocks sitting at all-time highs everywhere you look just are not that interesting to us right now, and Bitcoin stuck bouncing in a boring range under $65,000 looks like an actual opportunity instead of a warning sign. We have personally been buying into this. My wife thinks buying something because it got boring is a strange strategy, right up until I remind her that boring is usually the price you pay right before interesting shows up. This is not a call for anyone else to do the same thing. It’s just where we personally stand.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

👡 $BIRK Birkenstock popped 11.59% after beating earnings and hinting its full year will land at the high end of its own forecast. Sandals are apparently recession-proof. Who knew.

🎬 $NFLX Netflix climbed 5.43% after Bill Ackman's Pershing Square disclosed a fresh stake in the streaming giant. When Ackman buys, the whole internet pills in within the hour.

🐂 $BLSH Bullish rallied 11.57% even after posting a $280 million second-quarter net loss, flipping from a profit a year ago. Losing money and getting rewarded for it is basically the crypto exchange starter pack.

🍔 $RRGB Red Robin Gourmet Burgers soared 21.32% after topping Wall Street's second-quarter expectations. Bottomless fries, apparently bottomless upside too.

👜 $TPR Tapestry, the parent of Coach and Kate Spade, dropped 16.49% on weak guidance, meaning the company's own forecast for the future spooked investors more than its actual sales did. Solid sales growth this quarter did not save it.

🔌 $CSCO Cisco Systems fell 8.40% despite beating earnings estimates, as investors zeroed in on weaker gross margins, the cut of each sale Cisco actually keeps as profit. Beating expectations only gets you so far when the profit math gets thinner.

👀 Free Report: Trump Issues Emergency Order That Supports Elon Musk's Next Venture (via Altimetry)

TRADING SUCCESS

🤑 Friday Motivation

🚀 Pre-Market Fuel

1. ⏰ When will Anthropic’s IPO be?

2. 🤯 Michael Burry just did what?

3. 🏢 NYC rent prices are getting insane.

4. 🥳 Reddit is joining the S&P 500.

🍪 Munchy Memes

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