Raunaq's World

Thursday, May 22, 2026
SF Events
Memorial Day weekend kicks off with Carnaval, baseball, and free comedy -- plus two weeks of street fairs, outdoor cinema, and Stern Grove on deck.
Memorial Day Weekend, Mission District
Nearly 50 years running. Grand Parade on Sunday with 3,000+ costumed performers, plus vendors, live music across stages. The city's biggest free street festival. If you only leave the house once this weekend, make it this.
May 23-24 | Free | Mission District Festival
Indie folk-rock with the best light show in the game
Their warm, sprawling jams fill that room exactly right. These guys have been on a tear since 'Astrovan' blew up. Expect an apple from the barrel on the way out.
May 22 | The Fillmore | 1805 Geary Blvd Concert
Three home games, tickets from $32
Friday 7:15, Saturday and Sunday 1:05. The White Sox are historically bad -- low-stress, high-fun ballpark weekend. Grab a garlic fries.
May 22-24 | Oracle Park | From $32 Sports

Investments
NVDA crushed earnings but the stock yawned, AAPL hit an ATH, and bond yields are the real boss of this market right now.
NVDA Beat Everything and Still Fell 1.8%
Q1 FY27: $81.6B revenue, +85% YoY, Q2 guide $91B
Forward PE is now ~22x -- the cheapest it's been all cycle. Benchmark raised their target to $335. At $219.51, this is the kind of "nobody cares about the beat" dip your tranche plan was designed for.
NVDA $219.51 | Fwd PE ~22x | 93% analyst Buy Semiconductors
Bond Yields Are Running This Market, Not Earnings
30-year hit 5.17%, highest since 2007. Oil near $100.
Iran war keeps Hormuz closed, WTI crude near $98. On days oil falls, stocks rip. On days oil rebounds, even NVDA's blowout doesn't matter. This is the macro regime that makes or breaks your semi entry timing.
10Y: 4.57% | 30Y: 5.11% | WTI: $98.26 Macro
The Semi Tranche Window Might Be Opening
NVDA at 22x fwd, TSM +1.4%, AVGO holding $414
NVDA's PE compression to ~22x is the cheapest entry since the AI cycle began. TSM ($407) keeps grinding on 2nm pricing power. ASML ($1,592) rallied 20% since April. The wild card is whether bond yields let any of this breathe.
NVDA $219 | TSM $407 | AVGO $414 | ASML $1,592 Strategy

Manchester United
Bruno ties the all-time assist record, Carrick gets the permanent gig, and United lock in 3rd with one game left.
Bruno Just Joined Henry and KDB in the Record Books
20 assists in a single Premier League season. One game left to break it outright.
Fernandes equalled the all-time PL single-season assist record held by Henry (02-03) and De Bruyne (19-20). Also bagged 8 goals. FWA Footballer of the Year -- first United player since Rooney in 2010. Brighton away Sunday is his shot at 21.
20 assists, 8 goals in 25-26 Player Watch
150m Midfield Overhaul: Anderson, Valverde, and the Casemiro Void
Casemiro leaves on a free. INEOS earmarks 150m for up to three midfielders.
Elliot Anderson is the dream target but Forest want 100m+ and City are circling. Valverde became available after a dressing-room bust-up at Real Madrid. Tchouameni, Ederson, and Brighton's Baleba also on the shortlist. Transfer window opens June 15.
Transfer window opens June 15 Transfers

Startups
Anthropic leapfrogs OpenAI at $900B, YC pivots to atoms over bits, and the AI infra arms race absorbs billions more this week.
$30B raise at $900B valuation, IPO eyeing October
Anthropic closed a $30B Series H led by Sequoia, Dragoneer, Greenoaks, and Altimeter -- surpassing OpenAI's $852B March valuation. ARR hit $30B in April. An October IPO targeting $60B+ in proceeds is reportedly in the works. Relevant context: your system design interview with them is today.
$900B valuation | $30B annualized revenue Mega-Round
Modal Labs Is Printing Money: $355M at $4.65B
Revenue went from $60M to $300M ARR in 8 months
The serverless AI infrastructure startup raised a Series C led by Redpoint and General Catalyst. 5x growth since September. Modal's trajectory validates that the real margin is in the compute layer, not the model layer.
$300M ARR | 5x growth in 8 months AI Infra
YC's S26 Wishlist Went Full Atoms: Ag-Bots, Drones, Moon Factories
Summer 2026 RFS pivots hard to hardware-intensive categories
15 categories for S26 -- agricultural robots, counter-drone defense, lunar regolith manufacturing, semiconductor supply chain tools. If you're evaluating W26 companies, this tells you where YC sees the next wave: physical AI in regulated, capital-heavy verticals.
15 categories | $500K per company YC / Ecosystem

Robotics
Figure AI ran 81 hours without a break, Atlas is sold out for 2026, and Mind Robotics crossed $1B in total funding in under a year.
Livestreamed warehouse marathon sorts 100K+ packages on Helix-02 AI
Figure AI livestreamed Figure 03 sorting over 100,000 packages across 81 continuous hours -- zero errors in the first 24. Then they raced a human intern over 10 hours: the intern barely won. The gap between human and robot warehouse labor is now single-digit percentages.
81 hours, 100K+ packages, zero errors Humanoid Milestone
Tesla Killed the Model S and X to Make Room for Optimus
Fremont factory converting to humanoid robot assembly
Tesla produced its last Model S and Model X at Fremont -- ending 14 and 11 years of production. The factory is being converted into an Optimus humanoid assembly plant, with Musk suggesting production could start before year-end. Tesla literally tearing up its origin story to bet on robots.
Fremont conversion, production by late 2026 Tesla Optimus
OpenAI-backed NEO factory opens in Hayward, targeting 100K/yr by 2027
America's first vertically integrated humanoid robot factory opened in Hayward. At $20K per unit (or $499/month subscription), the entire first-year run sold out in five days -- $200M in pre-orders. Consumer shipments begin before year-end.
$200M pre-orders | Hayward CA factory Consumer Robotics

Music
Bleachers and JPEGMAFIA drop ambitious albums, Drake's triple release splits critics, and SF gets The Kid LAROI, Belle and Sebastian, and a killer Metric triple bill.
"everyone for ten minutes" drops today
Jack Antonoff's fifth Bleachers album ricochets from synth-pop to folk to chamber pop, threaded through his marriage to Margaret Qualley. He told NPR "this version of modernity is trash," and the record backs it up. Might be their best one.
Out May 22, 2026 New Album
Metric + Broken Social Scene + Stars -- The Canadian Indie Holy Trinity
Two nights at The Masonic, June 21-22
If you came up on Arts & Crafts records in the mid-2000s, this triple bill is a time machine. Emily Haines, Kevin Drew, and Torquil Campbell sharing a green room. Get tickets before the millennials find out.
Jun 21-22 at The Masonic, SF SF Concerts