He Called Nvidia Before It Soared 5,000%

He recommended Tesla before 3,500%, and AMD before 8,500%. Luke Lango has a track record few analysts alive can match. Now he's making his biggest call yet — ahead of the OpenAI and Anthropic IPOs.

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☕️ GM Munchers! Somebody near my house set off fireworks that sounded like a small war crime. My ears have not recovered. Still minimal damage compared to what my portfolio has been through so far this year.

On today’s menu:

• 📅 This Week Is All About The Fed, Not Iran

• 🚨 Michael Burry Says The End Is Near

• 🍿 5 Stocks Making Headlines

• 🏛️ The President Just Bought These Stocks

• 🤯 This is a crazy billionaire story

Thursday’s numbers:

BREAKING NEWS

📅 This Week Is All About The Fed, Not Iran

This long weekend felt like it lasted a month. If you can’t even remember where stocks closed last Thursday, congratulations, you’re in the same boat as us. A quick refresher: the Dow hit a fresh record near 52,900 while the S&P and Nasdaq wobbled as chip stocks got a case of the expensive jitters.

$BTC Bitcoin sits near $62,800, still close to a 21-month low. Oh, and Iran barely gets a mention anymore and everyone’s attention is shifting to interest rates.

Three things matter most this week:

• 📊 ADP jobs data on Tuesday. This counts private company hiring. A weak number keeps rate cut hopes alive.

• 🏦 Fed Meeting Minutes on Wednesday. These are the Fed's own notes from its last meeting. Traders will comb through every word for rate clues.

• 📉 Jobless claims on Thursday. More people filing for unemployment usually points to a softer job market, which usually points to lower rates.

The Munch Take: Rate cut hopes are doing more heavy lifting to keep this market up than my back after helping my wife move our couch this weekend. There’s now a 48% chance of a rate hike in 2026 which is basically a coin flip. If anything unexpected happens this week, those betting odds and the market could move violently in either direction. Right now, we’re in a bad news equals good news situation as the market desperately wants the cheap money to start flowing again. Buckle in.

🚨 Michael Burry Says The End Is Near

The man who called the 2008 housing crash posted four charts yesterday with one line of text: "The end is nigh. Dancing with the devil in the pale moon light." He didn't explain a single one. He just let the charts sit there and dared everyone to figure it out. And what’s even more strange is that he deleted the post late yesterday…

Regardless, we dove into the charts and here’s what they actually say:

• 📊 Chip stocks look pricey. The first chart showed semiconductor stocks trading near their most expensive levels in 15 years. That's true whether you compare them to their own history or to the rest of the stock market. Expensive doesn't mean a crash is coming. It just means investors are paying a lot for future growth that has to show up.

• 🏗️ The AI money is flowing to the wrong place, according to Burry. UBS put out a report this week showing AI infrastructure companies, meaning the chipmakers and hardware sellers, are pulling way ahead of the big tech companies actually paying for all this AI. UBS expects the infrastructure side to grow its profit from about $200 billion to $1.4 trillion by 2027. The companies footing the bill are only expected to double their profit over that same stretch.

• 🪙 The price of AI is cracking. The Silicon Data LLM Token Expenditure Index tracks what companies pay to run AI tasks. It nearly doubled since December, then dropped almost 20% from its high in May. It now sits at $1.62 per million tokens.

• 🔍 Nobody agrees on what that drop means. A falling price could mean AI got cheaper to run, which is good news. It could also mean AI companies are losing their grip on pricing, which is bad news. Bloomberg called this index the cleanest window we have into the $700 billion AI spending boom, and right now that window is foggy.

The Munch Take: In January 2023, Burry posted one word on Twitter. The word was "SELL." The Nasdaq ripped 21% higher over the next two months, and two months after that, he posted "I was wrong to say sell." The man who predicted the biggest financial crash of our lifetime also managed to miss one of the best rallies in market history right after making the call. Burry's charts might be flagging something real but his own track record on public calls says slow down before you act on them.

Elon Musk Deploys Next Big Project (Not Space or AI) Ad

Elon Musk is rolling out a breakthrough technology that could replace our need for foreign oil and ignite a $10 trillion boom a small group of stocks.

Find Out More Here...

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

🚁 $AVAV AeroVironment jumped 10.7% after landing a $500 million contract with the US Army. Drones are the new defense spending darling and this one just got paid.

🏥 $UHS $HCA Universal Health Services added 5.16% and HCA Healthcare rallied 4.39% after the Centers for Medicare and Medicaid Services revised its payment rates upward. The government paying hospitals more is good for hospital stocks. The math is not complicated.

🪙 $MSTR $COIN Strategy gained 7.9% and Coinbase climbed 3.92% as Bitcoin pushed back above $61,000. These two move with Bitcoin the way your mood moves with the weather. No surprises here.

🦅 $HOOD Robinhood surged 3.76% on a combination of Bitcoin's bounce, new tokenization plans, and the launch of perpetual futures contracts. Robinhood is quietly becoming a much more serious financial product than the meme stock casino it started as.

📉 $NVDA $MU Nvidia fell 1.39% and Micron dropped 5.49% as money continued rotating out of tech and into safer, steadier names. The AI trade is not dead. It is just taking a breather while everyone argues about whether the spending is worth it.

STOCK OF THE DAY

🏛️ The President Has A Stock Portfolio. Here Are The 5 Most Interesting Buys.

Donald Trump's financial disclosures reveal 3,642 trades in Q1 2026 alone. Across 1,026 different companies. His advisers say they manage everything independently. Here are the five trades that made ethics experts reach for their coffee:

1. 🖥️ $NVDA Nvidia: Bought up to $5 million before a chip deal announcement. Trump's account made its first Nvidia purchase on January 6, 2026. The following week, the administration relaxed export controls allowing Nvidia to sell AI chips to China. The stock is now up significantly from his entry. He has made 15 separate Nvidia transactions this year alone.

2. 💻 $INTC Intel: Bought after the government did. The US government took a 9.9% stake in Intel at $20.47 per share as part of an $8.9 billion commitment in August 2025. Six months later, Trump's personal account started buying aggressively. Intel's stock has since risen roughly five times from the government's entry price.

3. 🛡️ $PLTR Palantir: Bought before publicly praising it. Trump's account accumulated between $200,000 and $680,000 in Palantir stock in Q1. On April 10, Trump posted on Truth Social calling Palantir's war-fighting capabilities "great" and including the stock ticker. The stock moved after the post. He also sold between $1 million and $5 million of it during the same period.

4. 💾 $SNDK SanDisk: One of his best calls of the year. Trump's account bought SanDisk during the Q1 dip. SanDisk subsequently reported earnings nearly double Wall Street estimates, announced a $42 billion multi-year AI storage contract, and the stock has since become one of the best performing names of 2026. He is currently up over 100% on this position.

5. 🐧 $PENG Penguin Solutions: The one nobody saw coming. Penguin Solutions is an AI infrastructure company most people have never heard of. Trump's account bought exactly once, near the 52-week low. The stock has since approximately tripled. There were no public statements about Penguin Solutions before or after the purchase.

According to Euronews, Trump is currently up more than 100% on AMD, Intel, Iridium Communications, Bloom Energy, Intuitive Machines, Marvell Technology, Penguin Solutions, SanDisk, Seagate, and Vishay Intertechnology. The White House says it's all managed independently. Critics say the timing is hard to explain. The truth is probably somewhere in between and nobody seems in a hurry to find out.

The Munch Take: Joe Biden made 13 stock trades during his entire presidency. Trump made 3,642 in three months. Both are legal. One of them is considerably more interesting to read about. Politics aside, thanks to his buys, for the rest of 2026 we’ll be watching these stocks much more closely.

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