RJ Hamster
NVIDIA and Musk’s strange space bet
Editor’s Note: If you want to know which chipmaker could be the next NVIDIA, just ask Jeff Brown.
He knows more about AI chips than practically anyone on the planet — Thanks to his senior executive roles at Qualcomm, Juniper Networks, and NXP Semiconductors…
And Jeff just uncovered that one tiny chipmaker— 148 times smaller than NVIDIA — is set to provide Musk 5 billion chips in the next two years alone.
Click here for the full story or read more below.
Dear Reader,
If you want to see NVIDIA and Musk’s next big bet…
Take a look at this.
Insane, right?
I call it “Orbital AI.”
The video you just saw is proof of concept…
But according to an FCC filing I just uncovered…
There’s about to be a fleet of 1 million more units just like it.
And Wall Street insiders say “Orbital AI” is about to unleash a $12.8 trillion wealth explosion.
Just think about that.
That’s more than the value of NVIDIA, Tesla and SpaceX… COMBINED.
Yet almost nobody has heard of this new technology…
And here’s what I’m most excited about:
One tiny supplier creates a “master key” component that all 1 million units require to function.
The company is 148X smaller than NVIDIA…
But, thanks to a shocking announcement on April 24…
It could soon be as well-known as NVIDIA itself.
Click here to see all the details before the markets catch on.
Regards,
Jeff Brown
Founder & CEO, Brownstone Research
Further Reading from MarketBeat Media
Circle May Be the Biggest Winner of America’s Stablecoin Shift
By Chris Markoch. First Published: 3/22/2026.
Key Points
- Circle’s post-IPO volatility has mirrored shifting expectations for stablecoin regulation and reserve-income economics.
- The GENIUS Act created a federal framework for payment stablecoins that appears to favor regulated issuers such as Circle.
- USDC’s scale is growing, but Circle’s outlook still hinges on rates, distribution economics, and how stablecoin usage evolves.
- Special Report: Elon Musk already made me a “wealthy man”
Circle Internet Group (NYSE: CRCL) went public on June 5, 2025. The stock was priced at $31 per share at the IPO, nearly tripled on its first trading day, and climbed to almost $299 by June 23.
Since then, investors who chased the rally have suffered: by the end of February 2026, the stock had slid to about $50 — a heavy loss for those who bought near the top.
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Circle has nonetheless emerged as a market winner at a time when such winners are scarce. That owes largely to a quiet redrawing of America’s regulatory architecture, and Circle is one of the foundational pieces of that shift.
This is a story about an act of Congressional legislation, the GENIUS Act, that may live up to its name.
Circle Internet Group Is Not a Traditional Finance Stock
Before getting into the GENIUS Act, it’s important to understand Circle’s business, which is very different from other finance stocks. The fintech company issues digital dollars — stablecoins called USDC that move on public blockchains. Every USDC token is backed one-for-one by cash and short-term U.S. Treasury bills; the reserve fund is managed by BlackRock (NYSE: BLK).
Users can redeem USDC for U.S. dollars at any time. What distinguishes it from a bank account is the payment rail: settlements occur on public blockchains 24 hours a day, 365 days a year — no correspondent banks, no cut-off times, and no three-day ACH delays.
Circle also issues EURC, a euro-backed equivalent. But for this article, USDC is the product that matters. As of this writing, more than $75 billion of USDC is in circulation. The company has processed over $6 trillion in adjusted transaction volume across more than one billion transactions.
How the GENIUS Act Changed Everything
The conventional narrative in crypto circles was that the GENIUS Act, passed in the summer of 2025, would be broadly bullish: regulatory clarity → institutional adoption → higher prices across the board. In practice, it was more surgical. The law precisely defined what qualifies as a stablecoin, who may issue one, and under what conditions. It required 100% reserves held in high-quality liquid assets, mandated regular disclosures, and established federal oversight. It also drew a line that decentralized assets like Bitcoin are structurally incapable of crossing: an identifiable, regulated issuer.
The practical effect was to formalize a two-tier digital-money system. Compliant, reserve-backed stablecoins — led by USDC — became legally recognized payment instruments. Everything else, including Bitcoin (BTC), remained in a separate and murkier category. By January 2026, President Trump had signed an executive order banning federal agencies from issuing or endorsing a central bank digital currency. Congress followed with legislation proposing to make that prohibition permanent through at least 2030. The government didn’t just step aside from building a digital dollar; it banned itself from doing so — and handed the lane to Circle.
Bitcoin’s Quiet Problem
This is where the analysis gets uncomfortable for Bitcoin holders. The bull case for Bitcoin has always rested on several pillars: digital scarcity, decentralization, censorship resistance, and, crucially, its role as a global 24/7 payment rail that bypasses traditional banking infrastructure. That last pillar is under pressure in a way that is not yet fully priced into the conversation.
The data is striking. Since the GENIUS Act passed, stablecoins have accounted for 93.2% of all transaction volume on public blockchains. Monthly stablecoin transaction counts have reached record highs, while Bitcoin transaction counts have declined more than 20% over the same period. If someone wants to move dollars across borders instantly without a bank, they no longer need Bitcoin to do so. USDC does the same job — faster, cheaper, and with a stable value.
To be clear, this is not a call for Bitcoin’s demise. Digital scarcity and store-of-value arguments remain intact, and nation-state adoption as a reserve asset is a different category entirely. But losing even one leg of the investment thesis creates real pressure, and options markets price roughly equal odds of $70,000 and $130,000 for Bitcoin by June 2026, suggesting the market lacks consensus on the asset’s value in this new environment.
What the Bull Case Actually Requires
The case for CRCL at current prices requires several things to be true simultaneously:
- USDC circulation continues to grow at a sustained 40% annual rate.
- Federal Reserve interest rates remain elevated long enough for reserve income to compound.
- Circle’s Payment Network generates meaningful transaction-fee revenue to cushion against eventual rate cuts.
- The Coinbase revenue-sharing arrangement doesn’t become less favorable as the relationship evolves.
What Circle has built is something historically rare: private financial infrastructure the U.S. government has explicitly chosen not to compete with. It’s embedded in the payment rails of Visa (NYSE: V), Mastercard (NYSE: MA), and Intuit (NASDAQ: INTU), with BlackRock managing reserves and BNY Mellon holding custody. The moat is institutional trust, regulatory alignment, and network effects — not the technology itself, which any well-capitalized entity could replicate. The question isn’t whether Circle will survive; it’s whether the market is already pricing in all of this upside.
The chart suggests “probably.” The investment thesis suggests “possibly not yet.” Like any good story, that tension is exactly what makes it worth watching.
Exclusive Content from MarketBeat Media
After Falling Nearly 9% Last Week, Has Alphabet Lost Its Edge?
Submitted by Ryan Hasson. Date Posted: 3/30/2026.
Key Points
- Alphabet fell close to 9% last week but remains the top-performing Magnificent Seven stock over the past 12 months, as well as the only one trading well above its 200-day SMA.
- The TurboQuant AI memory compression announcement and YouTube litigation ruling rattled investors, but neither appears to threaten Alphabet’s core business or its long-term AI leadership position.
- GOOGL’s 200-day SMA near $260 is the key level to watch, with a hold above that line keeping the broader uptrend intact and a broader market recovery potentially the catalyst for a meaningful bounce.
- Special Report: Elon Musk already made me a “wealthy man”
Last week, the Nasdaq and Dow entered corrections, further dragging down some of the largest stocks in their respective indices. For the tech-heavy Nasdaq, one of those was Alphabet (NASDAQ: GOOGL), whose shares fell close to 9%, erasing hundreds of billions in market value in a matter of days.
The sharp decline in Alphabet’s stock price raises a big question: Is the tech giant beginning to fall behind in the artificial intelligence (AI) race?
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It’s a notable change for a stock that spent much of the past year outperforming its mega-cap peers, powered by an apparent lead in AI and strong growth across its core businesses. But a flurry of headlines and a brutal week for the market have some investors second-guessing whether that dominance is sustainable.
What Happened Last Week?
The broader market was already under pressure. Escalating geopolitical tensions in the Middle East and renewed inflation concerns pushed two of the three major indices into corrections, with the S&P 500 not far behind. That weakness spilled into shares of GOOGL along with much of the market.
Alphabet also faced its own headline risks. A Los Angeles jury found its subsidiary, YouTube, liable in a social media addiction case. The financial penalty was only a few million dollars—immaterial for a company of Alphabet’s size—but investors worry the ruling could invite future litigation with much larger damages.
The bigger market-moving headline came on Tuesday, when Google announced a new AI memory-compression algorithm called TurboQuant. Google’s research suggests TurboQuant can make AI models significantly more efficient, reducing strain on memory chips. That sent shockwaves through the memory sector, with stocks like SanDisk (NASDAQ: SNDK)and Micron Technology (NASDAQ: MU) selling off on fears the breakthrough could slow demand for their products.
Over the long term, however, the efficiency gains from TurboQuant could be bullish for Alphabet itself—similar to the market reaction when Google highlighted its TPU chip advances last year.
Finally, reports that CEO Sundar Pichai sold 32,500 GOOGL shares on March 18 circulated online and prompted some concern. Context matters: Pichai has sold the same number of shares—32,500—on a near-monthly basis for several months. This appears to be a routine, pre-planned transaction consistent with his historical insider activity.
Putting Last Week Into Perspective
Isolated, last week’s performance looks alarming. Zoomed out, however, the five-day move reads more like noise amid a longer stretch of strength. Year to date, GOOGL is down about 12%, but over the past 12 months the stock is up more than 70% and remains the top-performing Magnificent Seven member for that period.
Over the past 30 days, Alphabet is down roughly 12%, putting it near the middle of its peer group. Meta Platforms (NASDAQ: META) is down about 20%, while Amazon (NASDAQ: AMZN) has held up best, down just over 4%.
Where Alphabet really distinguishes itself is the technical picture. Of the Magnificent Seven stocks, Alphabet is the only one that remains firmly above its 200-day simple moving average (SMA). While Apple (NASDAQ: AAPL) is barely holding above that level, the other five members have already closed below it. Alphabet’s relative technical strength is a meaningful distinction investors should not overlook.
What to Watch Going Forward
The 200-day SMA—currently just above $260—is the key line in the sand for Alphabet. The stock needs to find support near that level to preserve its broader uptrend and higher-timeframe outperformance. A decisive close below it would be an important technical signal and likely invite further selling.
On the macro side, any de-escalation in the Middle East or a reopening of the Strait of Hormuz could trigger a broad market rebound and help Alphabet form a meaningful bottom.
Absent a major catalyst, bears are likely to remain in control in the near term. For now, holding above the 200-day SMA is the immediate priority and the principal level to monitor in the days and weeks ahead.
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Link of the Day: Ticker Revealed: Pre-IPO Access to “Next Elon Musk” Company(From Banyan Hill Publishing)
