Raunaq's World

Monday, May 25, 2026 -- Memorial Day Edition

SF Events -- Next 2-3 Weeks

Stern Grove opens June 14 (Al Green, Public Enemy, free). Kid LAROI June 5. Jim Gaffigan June 13-14. Union St Festival June 6-7. Giants hosting D-backs all week.

Giants vs Diamondbacks -- Today at Oracle Park

Memorial Day baseball. Series runs through May 28.

Giants (21-31) host Arizona (27-24). Not a great season, but Oracle Park on a holiday is always worth it. NBCS-BA broadcast, 2:05 PM PT.

May 25-28 | Oracle Park

The Kid LAROI + Tommy Richman at The Masonic

Floor tickets from $29. Thursday night, 7:30 PM.

Two of Gen Z's biggest artists in an underrated venue. The Masonic's ornate architecture and intimate sightlines make this special.

June 5 | The Masonic | Tickets

Union Street Festival -- Free

Cow Hollow's annual street party. Live music, food trucks, craft drinks.

Two full days. Union Street between Gough and Steiner. Annual Waiter Relay Race. Bring sunscreen and low parking expectations.

June 6-7 | Cow Hollow

Belle and Sebastian -- 2-Night Residency

Tigermilk + If You're Feeling Sinister played in full, consecutive nights.

Two of the greatest indie albums ever, front to back. Two-night pass from $162. These shows will sell out.

June 10-11 | The Masonic

Jim Gaffigan -- 3 Shows

Everything Is Wonderful Tour. Tickets from $35.

One of the best live comics working. Sat June 13 at 5 PM + 8 PM, Sun June 14 at 7 PM. The Sunday balcony is just $35.

June 13-14 | The Masonic | Tickets

Stern Grove Festival Opens -- FREE

89th season. Al Green, Public Enemy, Patti LaBelle, Major Lazer, Japanese Breakfast.

America's longest-running free music festival. 100K+ attend across the summer. Free tickets via lottery -- register early at sterngrove.org.

June 14 - Aug 16 | Register

A.R. Rahman Symphonic Celebration

Rahman's catalogue reimagined with a full symphony orchestra. Tailored for you.

Eastern classical meets Western orchestral at Davies Symphony Hall. Genre-spanning from Bollywood to rap. Given your Indian classical singing background, this is a must.

July 2 | Davies Symphony Hall | Tickets

Investments

NVDA crushed Q1 ($81.6B, +85%), but stock sold off. 30Y Treasury at 5.2% -- highest since 2007. Markets closed Monday for Memorial Day. Tuesday is your first execution window for the semi rotation.

NVDA: $215.33 | Record Q1, Stock Yawns

$81.6B revenue (+85% YoY) | EPS $1.87 beat | Guided Q2 ~$91B

Data Center hit $75.2B (+92%). Networking $14.8B (+199%). Markets expected more. At $215, you're in the entry zone per the rotation plan. Markets reopen Tuesday.

Earnings

30-Year Treasury at 5.2%

Highest since 2007. Iran-driven inflation fears. Goldman warns of stock vulnerability.

10-year at 4.60%. Mortgage rates jumped to 6.51%. This directly pressures growth stock multiples -- your entire semi watchlist trades on discount rates. The bond market is the real risk right now.

Macro Risk

Semi Watchlist Snapshot (May 23 Close)

ASML $1,633 (+2.6%) | AVGO $414 (flat) | TSM $405 (-0.6%) | CRWV $105 (-1.9%)

ASML trading above consensus ($1,504). AVGO got Citi Buy reiteration ($500 PT) + Wells Fargo $545 PT. TSM remains best value at 24x forward P/E. CRWV insiders selling aggressively -- CEO dumped $19.7M. Your plan says stay away.

Watchlist

META: $610.26 -- Your Rotation Source

23% below 52-week high. P/E 22. Market only prices the ad business.

The $300K rotation plan uses META as source funds. At $610, you're selling into a capex tantrum, not a broken business. AI glasses and superintelligence ambitions are free optionality at this price.

Rotation

Robotics

Figure AI ran 200 hours straight (249K packages, zero failures). China owns 80% of the humanoid market. NVIDIA + Kawasaki building a CA dev center.

Figure AI: 200 Hours, 249,560 Packages, Zero Failures

Five robots, rotating batteries, fully autonomous, no teleoperation.

The 8-hour test ran for over a week. 2.83 seconds per item. A human intern barely beat one robot in a 10-hour head-to-head. This is the "it actually works" moment for humanoids in logistics.

Milestone

China Dominates: 80% of Global Humanoid Market

$26B state investment. EngineAI producing 10,000 robots/year from Shenzhen.

The U.S. has more hype; China has more robots. EngineAI matches 1X's Hayward factory target from a single line. The manufacturing gap is widening.

Geopolitics

Kawasaki + NVIDIA: Physical AI Dev Center in California

Medical and mobility robotics first. Isaac platform keeps becoming the default OS.

Every major industrial player is now plugging into Jensen's ecosystem. NVIDIA is building the Android of robotics.

Partnership

Startups

AI funding is absurd: Hark $700M Series A, Anthropic at $900B, Q1 saw $300B in VC globally with AI taking 81%.

Hark: $700M Series A at $6B Valuation

AI hardware lab. Foundation models + physical hardware interface.

Announced May 21. A $700M Series A is Series D territory. The "physical AI" thesis is attracting capital that used to go exclusively to software.

Funding

Anthropic Enterprise Push

$900B valuation. $1.5B enterprise venture with Blackstone, Apollo, Sequoia.

First acquisition plus an unnamed venture to help midsize companies adopt Claude. They're building the enterprise distribution stack, not just models.

Enterprise AI

Q1 2026: $300B in Global VC. AI Got 81%.

150% YoY increase. Non-AI startups fighting for table scraps.

OpenAI's $122B round dominated. The concentration risk is real -- every angel should watch whether this spending converts to real revenue downstream.

Market

Manchester United

Season done. 3rd place, UCL secured. Carrick permanent. Bruno broke the all-time PL assists record. Summer window heating up.

Bruno Fernandes: 21 Assists. All-Time Record. Player of the Season.

Broke Henry/KDB's 20-assist record outright in the final-day 3-0 at Brighton.

132 chances created, 8 goals. Named PL Player of the Season despite United not winning the title. The man carried Carrick's project.

Season Wrap

Ederson: First Summer Signing Nearly Done

Atalanta midfielder, ~$45M. Verbal agreement reached.

Romano and Moretto both confirm. Player has agreed terms. Tonali from Newcastle also being pursued -- United want a complete midfield overhaul.

Transfer

Music

Massive New Music Friday: Dua Lipa live album, Bleachers, 6LACK, LE SSERAFIM, Olivia Rodrigo single. Kylie Minogue keeps delivering.

Dua Lipa -- Live from Mexico

A live album that captures something. Fresh arrangements of Radical Optimism tracks.

Not just a concert recording -- a statement about where she is as a performer. Worth streaming with good headphones.

Album

6LACK -- Love Is the New Gangsta

Moody, textured R&B comeback. One of the week's best and most buried releases.

If you liked Free 6LACK, this is the evolution. Getting buried under the pop drops but deserves attention.

Album

Bleachers -- Everyone for Ten Minutes

Jack Antonoff's latest. Big feelings, thin delivery.

"A hollow, barren lack of guts." Antonoff produces everyone else's albums better than his own. Stream once, move on.

Album