The SpaceX IPO Has Divided Wall Street: Should You Be Worried? | Will Rhind

Summary

Will Rhind discusses the upcoming SpaceX IPO, the recent Broadcom-driven sell-off in semiconductors, and the outlook for AI chip demand. He also covers precious metals' decline due to a stronger dollar and higher inflation expectations, and previews the Fed's next meeting with new chair Kevin Warsh. GraniteShares plans to launch 2x long and short ETFs on SpaceX on the IPO day.

• SpaceX IPO is oversubscribed at a $1.8 trillion valuation, with GraniteShares launching leveraged ETFs on the listing day.
• Broadcom's guidance miss triggered a 4% NASDAQ sell-off, highlighting stock-specific risk in the AI trade.
• Hyperscalers continue to raise AI capex, supporting demand for chips from Nvidia and other semiconductor companies.
• Precious metals have fallen from peaks due to a stronger dollar and rising inflation expectations.
• The Fed is expected to hold rates steady; focus is on new chair Kevin Warsh's communication style.
• Will Rhind personally leans bullish on SpaceX given Elon Musk's track record, but offers both long and short ETFs for investors.