Momentum Takes a Hit…Is Crypto Treasury Dead?….Did NVDA Just Change the AI Game?….Is KMI the Natural Gas Play?…Is Apple a Buy?
Everyone out here thinking these bitcoin treasury deals are causing the spacs to crash.....
— #TheUndefinedMystic (#@pennycheck)
3:09 AM • Jun 26, 2025
Awful breadth day yesterday and we also saw the memey stocks get hit. This happens from time to time, and is normal, the question is how long it goes on for.
$CRWV $CRCL The Barometer of Momentum Stocks
— #Connor Bates (#@ConnorJBates_)
8:23 PM • Jun 25, 2025
Both are up slightly pre market but it’s 5AM and often you see people who wanted to sell the day before use a green open to sell. The positive side of this is that it could get you an opportunity to get in. I’m in CRWV but have been taking profits along the way (my options are up over 2,000% so I can’t complain), been waiting for an opportunity on CRCL.
Puts on ARKK may not be a bad idea here. If green turns to red today I may add some as ARKK is way extended……
SPACs also sold off hard. I would argue the catalyst of SPACs coming back was a crypto treasury deal, CEP, and the catalyst for the 2 day selloff was another crypto treasury deal, CCCM.
Cross selling is nasty in spacs if this is your first time… everyone lost on $CCCM and $GSRT investor day was a big nothing… sell… then $MBAV leaks crypto deal… more sell because no one liked CCCM terms… and then all deals won’t be good… mass panic. Euphoria is on pause
— #JM Research (#@JM_research1)
6:35 PM • Jun 25, 2025
There was also this…
It feels like the crypto treasury trade is over.
If you're considering a crypto treasury initiative, don't do it. The market cannot handle any more of these.
The below rumor today from Bloomberg not only crushed $MBAV shares but tanked the entire SPAC market.
— #Julian Klymochko (#@JulianKlymochko)
8:30 PM • Jun 25, 2025
Luckily Julian is going to be on my podcast today at 11:30AM so we are going to have plenty to talk about….
I am also talking SPACs among other things in my monthly webinar:
Full disclosure I also have a SPAC ETF…..
Bottom line, still a huge fan of pre merger SPACs here, but price matters, and anything that goes up parabolic is going to retrace some of that. CCCM was also a bad deal with untested promoters doing something, bitcoin treasury, which is no longer novel. Hopefully, this will serve as a wakeup call to other sponsors. I also do not believe crypto treasury is dead by any means. I did get out of most of these names a few weeks back, but that’s because I had crazy profits and they looked toppy. I don’t necessarily believe that crypto treasury is a good, or valid, business model. I also understand that this isn’t the market that I grew up with, and anyone expecting it to go back to that is probably a dinosaur. That being said, manage your risk.
Here’s one I’m still in…..
Even some Trump Media investors are skeptical about Truth Social.
“I don’t see that as a growth area – and I don’t think they do either,” said Matthew Tuttle, CEO of Tuttle Capital Management and a shareholder in Trump Media. “That’s why they’re going whole hog into crypto.”
“Does the Trump name on an ETF get people to buy it? The jury is out,” Tuttle said. “They’re getting into crypto treasury, along with 60 other companies, kind of copying MicroStrategy’s playbook.”
“If the whole bitcoin ETF thing doesn’t work and the market doesn’t reward crazy multiples for bitcoin treasury, there isn’t a lot of there there,” said Tuttle, the shareholder.
But Tuttle isn’t ready to give up on his bet yet, especially given that Trump’s time in the White House still has three-and-a-half years left.
“I would never bet against him,” Tuttle said. “Every time I think he’s done, he comes out stronger than before.”
There’s a reason we launched a 2x on it….
One of the reasons I don’t think crypto treasury is dead is because, as I have said before, I think we are entering a golden age of crypto. News like this is important IMHO….
After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.
SO ORDERED
— #Pulte (#@pulte)
6:44 PM • Jun 25, 2025
While the major indices did nothing NVDA was breaking out,
#NVDA The King👑👑 of the jungle🦁, Mac Daddy has awoken. As NVDA goes, so will the whole market, its a Bull market you know, and its on like Donkey Kong!!!!!!!!!!!!!!!! #StockMarket #CANSLIM #BTC #Finance #IBDPartner @marketsurge
get.investors.com/marketsurge/?u…— #James Roppel (#@Upticken)
5:29 PM • Jun 25, 2025
this seems like one of those potential game changing headlines…
I had GPT take a deep dive….
🚨 What’s Happening?
Nvidia ($NVDA) is not just powering the AI revolution—it’s now renting out the infrastructure.
Through its DGX Cloud platform, Nvidia leases out AI computing power directly to enterprises.
Instead of relying on $AMZN, $MSFT, and $GOOGL, companies can now go straight to the chip kingpin for access to GPU clusters and expert support.
DGX Cloud is already ramping fast:
Multiyear cloud service commitments: $10.9B (up from $3.5B a year ago).
UBS projects DGX Cloud alone could be a $10B+ business annually.
CoreWeave (NVDA-backed) forecasts $5B revenue this year.
And here’s the kicker: Nvidia is using the cloud giants’ own infrastructure to build the service. They buy Nvidia chips, manage the hardware—and Nvidia leases it back to rent out to clients.
They’re literally enabling their own disruptor.
💣 Why This Is a Big Deal
🧠 Nvidia is now both the arms dealer and the battlefield operator.
Cloud computing margins are massive. For $AMZN, AWS generates:
29% of total revenue
But over 60% of total operating income
If Nvidia can chip away at even a sliver of that margin pool, it’s a major threat. And it’s not just Amazon. $MSFT and $GOOGL are in the crosshairs too.
Nvidia’s narrative is, “We’re just here to help.” But don’t be fooled. This is the same company that quietly became the most valuable semiconductor firm in history by playing long games better than anyone.
They don’t need to replace AWS or Azure overnight. But they are creating leverage—and building infrastructure they may one day fully control.
🧠 Strategic Implications
If you’re a cloud company, you now face a new existential question:
Do you keep buying Nvidia chips and help build a potential competitor?
Or do you accelerate your own chip development (like $GOOGL’s TPU, $AMZN’s Trainium, $MSFT’s Maia)?
None of the options are clean. And while they scramble, Nvidia continues to control the supply chain, the software stack, and now the delivery layer.
💰 Investment Takeaways
Winners:
$NVDA – The obvious play. Their vertical integration into cloud puts a floor under future growth if margins in hardware compress.
$CRWV (CoreWeave) – Nvidia-backed and quietly emerging as a “boutique” alternative to AWS for AI workloads.
AI SaaS & edge compute – Companies that can now bypass AWS/GCP/Azure bottlenecks may benefit (think $PLTR, $SNOW, $DDOG).
Losers:
$AMZN, $GOOGL, $MSFT (medium term) – Risk of margin erosion in their most profitable business unit.
Cloud infra ETFs (like $SKYY) – If cloud margin structures get shaken, index performance could suffer.
AI chip suppliers that aren’t Nvidia – Nvidia’s deeper integration makes it harder for competitors like $AMD or $INTC to displace them.
🔮 Final Thought
DGX Cloud is Nvidia's AWS moment.
In 2006, Amazon quietly launched AWS and rewrote the cloud rulebook. Now, Nvidia’s doing the same—except this time, they’re starting at the top, with all the leverage.
Jensen Huang doesn’t need to “out-cloud” Amazon today. He just needs to prove that Nvidia can control the terms of AI delivery.
And he’s doing it—one GPU server rack at a time.
$NVDA isn’t just the chip king anymore. It’s becoming the AI empire. Watch this space.
If you like to trade breakouts then this could be a good entry on NVDA…..
Natural gas is always one of my favorite sectors. This article from Barron’s caught my eye as I don’t own KMI….
I had GPT take a look at the sector…..
🔥 Kinder Morgan ($KMI) — Strong Buy
Why it stands out: Surging AI and data center energy needs are fueling ~10% gas demand growth this month .
Secured cash flows: ~89% under “take-or-pay” contracts = stable revenue even in demand dips .
Expansion roadmap: $8.8B growth backlog—including the $1.7B Trident pipeline in Texas—for data center supplies.
Valuation edge: 4.1% dividend yield, modest commodity exposure (~5%), firm allows AI tailwinds to bolster earnings .
Verdict: Core midstream pick capturing structural growth; rated Strong Buy.
🟢 EQT ($EQT) — Buy/High Conviction Buy
Pure-play gas growth: U.S. largest producer; rising LNG exports and AI/demand-driven pricing push .
Efficiency & cash flow: 2025 guidance shows ~$2.6–3.3B free cash flow, cost cuts via shale/compression .
Structural advantages: Upgrades through Equitrans and Olympus deals improve integrated platform .
ESG leadership: First major gas player to achieve Scope 1 & 2 net-zero, appealing to utilities and eco-conscious data centers nasdaq.com.
Verdict: Premium growth with strong execution—rated Buy.
⚪ Williams Companies ($WMB) — Hold / Watch
Midstream staple: Benefits from rising oil & gas exports; positioned in key infrastructure hubs.
Stable fundamentals: Steady volumes but less direct AI linkage; earnings are solid, but lacking catalyst.
Chart Setup: Within range—watch for breakout or weakness before upgrading/downgrading.
🔴 Other Sector Peers
Energy Transfer ($ET) & Enbridge ($ENB)
AI-driven demand and policy tailwinds lift broader peer valuations .
ET: Politically backed, accelerating AI/data-center pipeline approvals.
ENB: Canadian midstream—benefits from U.S. LNG expansion.
💡 Sector Outlook & Rating Summary
Ticker | Rating | Highlights |
|---|---|---|
$KMI | Strong Buy | AI-driven demand, contract stability, infrastructure edge |
$EQT | Buy | Production growth, cash flow generation, ESG positioning |
$WMB | Hold | Chart-watcher—solid, but lacks near-term catalyst |
$ET | Watch/Buy | Political tailwinds + LNG expansion opportunity |
$ENB | Buy | Gains from U.S. gas demand and diversification |
✅ Final Take
Natural gas is in a breakout phase—driven by LNG and AI power needs. $KMI and $EQT are your top picks right now:
$KMI gives you reliable cash flow, under-the-radar AI upside, and infrastructure dominance.
$EQT offers scalable, ESG-aligned growth with strong free cash flow dynamics.
Use $WMB as a trading anchor, and monitor $ET and $ENB for expansion plays tied to political and export trends.
Model portfolio view: 40% KMI | 35% EQT | 25% optional peer exposure (ET, ENB, WMB)
Not a bad chart here actually…..
AAPL is the one Mag 7 stock I have stayed away from. For a while there I thought they had the chance to be a major AI winner, but they had to execute. I would argue they haven’t and the stock hasn’t gone anywhere……
This article caught my eye. With the market being extended I would much prefer to buy a stock like AAPL than something that’s at all time highs…..
I asked GPT if AAPL was a buy here……
💡 Our Take on $AAPL
Is it a buy here? Not yet. But it’s close.
Technically, $AAPL is trying to base around the $200 level after being the market’s punching bag YTD.
If the Perplexity deal materializes and we get signs of iPhone 16 or AI-powered Mac upgrades, sentiment could shift fast.
But without a real hardware or platform catalyst, the risk remains this is just AI lipstick on a stagnating pig.
Rating: 6.5/10
Watch closely. It’s not the juggernaut it used to be—but at the right price and catalyst, it might just surprise.
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