Market update for June 1, 2026. SpaceX Valuation Deep Dive: [Spotify][YouTube] Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Nvidia shows off new AI chip designed for PCs SpaceX lands two huge Space Force contracts ahead of its record-breaking IPO Berkshire Hathaway buys homebuilder Taylor Morrison for $6.8 billion AST SpaceMobile drops after a Blue Origin rocket explosion rattles space stocks Fun fact: what the Spurs-Knicks NBA Finals has to do with the dot-com bubble

Nvidia Jumps Into PC Market with New Chip, SpaceX Lands $4.2B Gov’t Contract

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Monday, June 1st. In today's episode, we'll tell you about Nvidia's latest chip that turns a computer into an AI machine. We'll also tell you about two huge government contracts that SpaceX just landed. Then stick around to the end of the show to find out what this NBA Finals has to do with the dot-com bubble.

We got a great show for you today. Let's go. Markets are coming off another big week. The S&P 500 jumped 1.4% last week. Well, the NASDAQ did even better, surging 2.4%. Both of these indices finished at record highs to close the week. And if you zoom out, this rally has been crazy. The S&P has now gone up for nine weeks in a row and the NASDAQ just posted its best two-month stretch since 2002.

Rising 25% in April and May combined. And no surprise here, but this rally has pretty much been carried by AI stocks. In fact, chip stocks alone pushed the S&P up 16% over the past couple months. And even software stocks are making a comeback. Now, if you guys remember at the start of the year, the market went through a sasspocalypse panic where investors were selling off software stocks because they were worried that AI was going to kill these software companies. Well, the market seems to have moved on from that because the software sector just had its best month since 2001.

The software ETF IGV jumped 21% in May. So shout out to everyone that bought the software dip. Now, with stocks ripping like this, I'm starting to see the bubble word being thrown around again.

Nvidia Jumps Into PC Market with New Chip, SpaceX Lands $4.2B Gov’t Contract

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Nvidia Jumps Into PC Market with New Chip, SpaceX Lands $4.2B Gov’t Contract

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.