Happy Friday! Meme stocks are back and the talk of Wall Street with celebrity endorsements and the retail buying frenzy. Read on to see what’s fueling the meme craze and how to spot the next big move before it happens.

Also, the race for AI supremacy is here, with AMD CEO Lisa Su making a big prediction, as CEOs Elon Musk, Mark Zuckerberg and Sam Altman race to build next-generation AI infrastructure. How big of an opportunity is this? Read on to find out.

Plus, if you’re looking for a unique play on gold and crypto that starts at the source, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Inside The ‘DORK’ Frenzy: What's Fueling The Meme Frenzy And Did Sydney Sweeney Just Mark The Top?

Meme stocks are back with a vengeance, led by the so-called “DORK” group — Krispy Kreme, Opendoor, GoPro, Kohl’s and more — where rapid, gamma-fueled price swings are turning heads on Wall Street.

These wild moves aren’t about fundamentals but a frenzy of retail option buying that forces market makers into a buying scramble, sending stocks soaring before sharp pullbacks follow.

Adding an unexpected twist, actress Sydney Sweeney’s recent American Eagle campaign helped spark a major stock surge, inspiring a Palantir executive to suggest that she should model their merchandise. This mix of market mechanics and star power is reshaping the meme stock game this time around.

Discover how to spot the next meme mania before it takes off.

Blue Gold Limited (Nasdaq: BGL), the gold development company, is getting into the digital asset market, announcing the impending launch of its Blue Gold Token (BGT). 

BGT is a blockchain-backed token representing forward contracts for up to 1 million grams of physical gold. The instruments would offer investors a digitally native, asset-backed instrument that blends the value of gold with the efficiency and transparency of blockchain technology, reports Blue Gold.

What Blue Gold says sets BGT apart from other gold-backed digital tokens is that unlike the others that source gold from third-party vaults, it owns the mines. Plus it leverages forward contracts instead of existing value reserves, which means it unlocks capital before extraction. To learn more about Blue Gold, click here.

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Yesterday: U.S indexes ended Thursday on a mixed note, with the S&P 500 and NASDAQ both posting another record high. It marked the S&P 500’s 13th record close of 2025 — and the fourth this week — as the index extended gains above the 6,300 level for the first time. The Dow Jones and Russell 2000 fell, reflecting softness outside of large-cap tech. Trade developments remained in focus, with the U.S.-Japan agreement becoming the sixth deal announced since “liberation day.” Similar agreements with the EU and Korea are reportedly near, each expected to include a 15% tariff rate — lower than threatened levels but still a meaningful increase in trade costs. On the economic front, initial jobless claims dipped slightly, while continuing claims rose, highlighting persistent labor market strain amid sluggish 1% GDP growth in the first half of the year.

On Our Radar: Analysts will be watching the durable goods report — a key indicator of manufacturing sector health and consumer spending trends — as well as the U.S. Rig Count. In addition, the Federal Reserve Bank of Atlanta will release its latest GDPNow report, which will provide valuable insights into the current state of the U.S. economy. On the earnings front, Enterprise Products Partners (EPD) and New Gold (NGD) will report earnings pre-market on Monday, while Waste Management (WM) and Welltower (WELL) will release earnings after the market close that day.

Shares of West Pharmaceutical surged nearly 25% on Thursday following a robust Q2 earnings report and raised guidance. Meanwhile, Tesla, which reported earnings on Wednesday, saw its shares fall nearly 10% after a weaker-than-expected quarter. But those weren’t the only big movers of the day…

Discover how the market is moving with our interactive heatmap — filter by market cap and zoom in for deeper insights. Click any box to explore specific sectors or assets in detail.

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On This Day In 2016…

Verizon announced that it would purchase Yahoo for $4.83 billion, marking the end of Yahoo's run as a major player in the tech world. Once a dominant force in search engines, email and online media, Yahoo had struggled to compete with newer internet giants like Google and Facebook. Verizon's acquisition was primarily focused on Yahoo’s core internet operations, including its email service, news and finance sections, as well as its advertising technology. The deal reflected the broader trend of telecom companies consolidating digital media assets to diversify their business portfolios in the rapidly evolving tech landscape.

QUOTE OF THE DAY

“Change is the investor's only certainty.”

— Thomas Rowe Price Jr.

Lisa Su Says AI Chip Demand Could Top $500 Billion In A Few Years To Keep Up With Elon Musk, Sam Altman

AMD CEO Lisa Su is sounding the alarm — and the opportunity.

In a recent summit, Su hinted that the demand for AI chips could surge past $500 billion in just a few years, as tech giants like Elon Musk and Sam Altman race to build next-generation AI infrastructure. But while the market potential is staggering, Su warns the U.S. must act quickly to stay competitive in this AI arms race to match the pace of global innovation.

At the center of this transformation lies a battle not just for profits, but for geopolitical leverage. New policies, including a sweeping AI Action Plan unveiled this week, signal a shift in how the U.S. is approaching AI dominance — from streamlining data center construction to reshoring massive manufacturing efforts.

The chip war is heating up, and the next few years will determine who leads the AI era and who gets left behind. Read on to stay ahead of the curve.

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