Happy Tuesday! In a move that is turning heads, famed short seller Jim Chanos is taking a surprising stance amid Wall Street’s AI infrastructure frenzy. Discover why he’s betting against the AI hype.

Also, what if you could uncover the next 100-bagger before Wall Street catches on? Here’s a look at 25 names that have the potential to become the next 100-baggers. Read on to see which names might be the next big winners.

Plus, if you are interested in learning how to capitalize on interest rate moves with leveraged and inverse ETFs, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Famed Short Seller Jim Chanos Bets Against AI Hype, Challenges $7T Data Center Projections

Just as Wall Street fully embraces the AI infrastructure supercycle, legendary short-seller Jim Chanos is stepping in with a contrarian bet that’s turning heads.

In response to a bold forecast from Brookfield Asset Management — which calls for a tenfold increase in AI data center capacity by 2034 — Chanos didn’t mince words: “I’ll take the under.”

Read on for all the details and why the famed short seller doesn’t believe all the AI hype.

Learn How You Can Capitalize On Interest Rate Moves With Leveraged And Inverse ETFs

Will the Federal Reserve cut interest rates at its next meeting? Will it be enough to keep the Consumer Price Index from increasing? Interest rate news can cause swift market reactions. Want to learn how to take advantage of those moves using leveraged and inverse ETFs before, during and after key interest rate events?

Join Direxion's expert team of analysts for a high-impact virtual bootcamp focused on trading strategies during interest rate announcements. This bootcamp dives deep into how traders can position themselves with these advanced options trading tools.

Through expert-led sessions and real-time case studies, you’ll gain insight into market behavior around macroeconomic catalysts and how to use leveraged ETFs to amplify your trading strategy.

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Yesterday: U.S. indexes opened the week in the green, with the S&P 500 and Nasdaq Composite both closing at record highs as investors position ahead of the Federal Reserve’s policy decision tomorrow. Markets are fully pricing in a quarter-point rate cut, though attention remains on Fed Chair Jerome Powell’s press conference and updated economic projections for clues on the pace of future easing. While the Fed’s June forecast showed rates falling to 3.6% by the end of next year, bond markets are pricing in a steeper decline (3%) to support a softening labor market. Additionally, the U.S. dollar and bond yields fell, while oil prices rose as Ukrainian drones struck Russian refineries.

On Our Radar: Analysts will be watching retail sales, business inventories, home builder confidence and the import price index for fresh insights into consumer strength, supply chain dynamics, housing market sentiment and inflationary pressures. On the earnings front, all eyes will be on General Mills (GIS) which will report results before the market opens tomorrow.

Shares of Tesla (TSLA), Robo.ai (AIIO), Opendoor (OPEN) and Seagate (STX) were soaring on Monday… But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Monday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Former Floor Trader's Perfect 34-0 Record Turns Heads

Tom Gentile's strategy delivered over $20,600 with weekly payouts this year, as high as $1,925. Learn how to BE the house using the same mathematical approach Wall Street professionals use.

On This Day In 2020…

Backed by high-profile investors like Berkshire Hathaway, Snowflake (SNOW) made Wall Street history as one of the largest software IPOs ever, raising $3.4 billion to give the company a market capitalization of $70 billion. Shares were priced at $120, and more than doubled ($245) on the company’s first day of trading. A few months later, shares hit an all-time high of $429 before a sustained decline over the next several years. Today, shares are trading around $225, and the company has a market cap of $76 billion.

QUOTE OF THE DAY

“Someone is sitting in the shade today because someone planted a tree a long time ago.“

— Warren Buffett

25 Stocks That Could Jump 100x

What if you could spot the next Amazon or Nvidia before they became household names? Drawing from Thomas W. Phelps’s classic “100 to 1 in the Stock Market,” this article explores how to find exceptional businesses early and let compounding do the heavy lifting.

Phelps’s study of nearly four decades found that every single year, at least one stock delivered 100x returns — and they shared key traits: real competitive moats, strong reinvestment and early-stage narratives.

Using the same logic today, here are 25 companies that could soar 100x.

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