Core Insights - Oklo stock surged over 15% following Meta's announcement of a partnership to develop a 1.2-gigawatt advanced nuclear campus in Pike County, Ohio, marking a significant commercial validation for Oklo and indicating a growing interest in nuclear power among tech companies to support AI operations [1][2] Group 1: Meta's Nuclear Strategy - Meta's nuclear strategy aims to secure up to 6.6 gigawatts of power by 2035, enough to power approximately 5 million homes, through 20-year power purchase agreements with Vistra and partnerships with Oklo and TerraPower [3] - The partnerships are intended to bring next-generation small modular reactors online within the decade, driven by the high electricity demands of AI training and inference [4] Group 2: Financial and Operational Implications - Corporate offtakes significantly reduce financing and execution risks for nuclear developers, enabling companies like Oklo to secure revenue streams prior to regulatory approvals [5] - Under the agreement, Meta will prepay for electricity and fund Oklo's Aurora project, which aims to produce up to 1.2 gigawatts by 2034, with pre-construction starting in 2026 and the first phase operational by 2030 [6] Group 3: Regulatory and Market Considerations - Meta's support mitigates early procurement and infrastructure risks, transitioning Oklo from a concept to a company with validated demand and partial funding [7] - However, small modular reactors (SMRs) remain unproven at a commercial scale in the U.S., and Oklo's Aurora reactors lack NRC design certification, relying solely on Meta's commitment [9]

US stocks were little changed on Friday as investors digested a softer-than-expected jobs report and awaited a potential ruling from the US Supreme Court that could have significant implications for trade policy. The S&P 500 rose 0.2%, while the Nasdaq Composite hovered around the flatline. ...

Core Insights - The US job growth has slowed significantly, with nonfarm payrolls increasing by only 50,000 in December, falling short of the expected 73,000 gain [1] - The unemployment rate decreased to 4.4%, slightly better than the forecast of 4.5% [1] Labor Market Dynamics - The labor market is characterized by a "no hire, no fire" phase, where companies are hesitant to add new workers and are also not aggressively cutting jobs [2] - Job gains are concentrated in specific sectors such as food services, healthcare, and social assistance, while retail trade has seen job losses [3] - For the entirety of 2025, payroll employment rose by 584,000, averaging about 49,000 jobs per month, a significant slowdown from the 2 million jobs added in 2024 [4] Economic Context - The slowdown in job growth coincides with strong economic output and productivity gains, driven by investments in artificial intelligence, allowing companies to grow without increasing their workforce [4] - Despite a decline in the unemployment rate, long-term unemployment remains a concern, with 1.9 million individuals unemployed for 27 weeks or more, nearly 400,000 more than the previous year [5][6] Data Revisions and Uncertainty - The Bureau of Labor Statistics (BLS) revised job creation estimates, indicating about 911,000 fewer jobs were created in the 12 months through March 2025 than previously reported, raising questions about the accuracy of job creation data [7] - The BLS plans to incorporate more current data into its job creation model starting in January [8] Market Reactions - Following the employment report, US equity futures rose, with S&P 500 futures up 0.3% and Nasdaq 100 futures gaining 0.4% [9] - The labor market slowdown has been partially attributed to trade and immigration policies, which have affected labor demand and supply [10] Federal Reserve Outlook - The Federal Reserve cut interest rates by a quarter point in December, but the recent drop in the unemployment rate suggests that further cuts are unlikely in the near term [11][12] - The unexpected decline in the unemployment rate complicates the argument for immediate monetary support, despite the need for additional support from the Fed in the future [13]

Core Insights - Datadog's stock price has experienced a significant decline, dropping from $200 in November to $130 currently, marking the lowest level since September [1] Company Performance - The stock price has reversed sharply, indicating potential challenges in the company's market position or investor sentiment [1]

Core Insights - Rolls-Royce stock has reached new all-time highs on multiple trading days in 2026, reflecting strong investor excitement [1] Company Performance - The stock performance indicates a significant upward trend, but the underlying reality is more complex than the narrative suggests [1]

Core Viewpoint - Boeing's stock price has experienced a pullback over two consecutive days, declining from a high of $233.60 to $227, while still remaining nearly 30% above its lowest level recorded in November of the previous year [1] Summary by Relevant Sections - Stock Performance - Boeing's stock price decreased from $233.60 to $227 over two days [1] - The current price is approximately 30% higher than its lowest point in November last year [1]

Core Viewpoint - Opendoor's stock price experienced significant volatility this week due to Donald Trump's focus on housing affordability, particularly in the housing market [1] Company Summary - Opendoor's stock initially dropped following Trump's proposal to ban institutional investors from purchasing single-family homes, which could impact the company's business model [1]

Core Viewpoint - The US Supreme Court is poised to deliver a significant ruling on President Trump's global tariffs, which could have far-reaching implications for trade policy and the economy [1][2]. Legal Authority and Refunds - The case examines whether the Trump administration lawfully imposed tariffs under the International Emergency Economic Powers Act (IEEPA) and whether importers are entitled to refunds if the tariffs are deemed unlawful [3][4][5]. - Legal experts suggest that if the court finds the use of IEEPA improper, it could lead to refunds estimated at up to $150 billion, creating a complex situation for the federal government [6]. Market Reactions and Predictions - Investors are anxious due to the uncertainty surrounding the ruling, with prediction markets indicating only a 28% chance that the Supreme Court will fully uphold the tariffs [7]. - Analysts from Morgan Stanley highlight that the court's decision could vary, potentially narrowing the president's authority or allowing some tariffs to remain while striking down others [9]. Economic Implications - A ruling against the tariffs could boost S&P 500 earnings before interest and taxes by approximately 2.4% in 2026, prompting a potential rally in equities, especially for companies reliant on imported goods [12]. - Consumer-facing businesses and retailers are expected to benefit the most from a favorable ruling, while sectors like materials and domestic producers may lag [13]. Bond Market Impact - A decision against the tariffs could negatively affect US government revenues, leading to higher Treasury yields and increased volatility in bond markets [15][16]. Broader Economic Context - Despite initial fears, the economic impact of the tariffs has been limited, with inflation effects being muted and the US trade deficit narrowing significantly [17]. - The administration argues that tariffs are reshaping trade flows without hindering economic growth, with Morgan Stanley projecting only modest economic effects if tariff rates remain unchanged [18]. Long-term Trade Policy Implications - The ruling is expected to set a precedent for how future presidents utilize emergency powers in trade matters, with significant stakes for companies across various sectors [19][20].

Core Insights - Meta Platforms Inc. has entered into a series of electricity deals that may position it as the largest buyer of nuclear power among its hyperscaler peers, highlighting the importance of reliable energy sources for its operations [1] Group 1 - The electricity deals signify Meta's commitment to securing a stable and sustainable energy supply, which is crucial for its data centers and overall business strategy [1] - By potentially becoming the largest buyer of nuclear power, Meta is taking a significant step towards enhancing its energy portfolio and reducing reliance on traditional energy sources [1] - This move reflects a broader trend in the tech industry where companies are increasingly prioritizing energy reliability and sustainability in their operational frameworks [1]

Core Viewpoint - Taiwan Semiconductor Manufacturing Co. (TSMC) reported stronger-than-expected revenue for the fourth quarter, indicating robust global demand for semiconductors [1] Group 1: Company Performance - TSMC's revenue for the fourth quarter exceeded market expectations, reflecting the company's strong position in the semiconductor industry [1] - The company continues to benefit from high demand across various sectors, including automotive and consumer electronics [1] Group 2: Industry Context - The semiconductor industry is experiencing sustained growth, driven by increasing global demand for chips [1] - TSMC's performance is a positive indicator for the overall health of the semiconductor market, suggesting ongoing investment opportunities [1]