Raunaq's World

Thursday, May 28, 2026 -- Your daily briefing

SF Events -- What's Happening

Valkyries season opener tonight, Champions League final watch party Saturday, Union Street Festival next weekend, Pride month kicks off

Valkyries vs Indiana Fever -- TONIGHT

Caitlin Clark at Chase Center. Season opener energy.

Golden State Valkyries host the Indiana Fever tonight at 7PM at Chase Center. Caitlin Clark was spotted at the Giants game earlier this week. Streaming on Amazon Prime Video.

Thu May 28 | 7PM | Chase Center

SOMA Nights Block Party -- TONIGHT

Monthly street party on Folsom, literally your doorstep

SOMA Nights returns tonight 5-9PM on Folsom Street (6th-12th). Free neighborhood party with local food, pop-up vendors, art, and live music. Monthly through September.

Thu May 28 | 5-9PM | Folsom St | Free

Champions League Final Watch Party

Splash at Thrive City, doors 8AM Saturday

KICKIT365 hosts the CL Final watch party at Splash Sports Bar at Thrive City on May 30. Doors 8AM, kickoff 9AM. Full day of soccer, music, and drinks.

Sat May 30 | 8AM | Thrive City

Union Street Festival + North Beach Italian Street Fair

Two massive free festivals, same weekend

Union Street Festival (Cow Hollow) and North Beach Festival both run June 6-7. Live music, food vendors, Italian street art, pizza toss, beer gardens. Best free weekend of the summer.

Jun 6-7 | Free

Human League + Soft Cell + Alison Moyet at The Warfield

Three synth-pop legends, one night

The concert of the month. 'Don't You Want Me' meets 'Tainted Love' meets 'Only You' at The Warfield on June 5.

Fri Jun 5 | 8PM | The Warfield

Stern Grove Festival Opens June 14

Public Enemy headlines the free Sunday concert series

84th annual Stern Grove Festival, Sundays through August 16. Free admission via lottery. Natural amphitheater under eucalyptus trees.

Jun 14 - Aug 16 | Sundays | sterngrove.org

Investments -- Market Snapshot

META surges to $635, ASML pulls back 2%, CRWV insiders keep dumping

META Surges to $635 (+3.7%)

The $300K rotation to semis gets harder every time META rips

META closed at $635.26 on May 27, up 3.7%. 52-week range: $520-$796. The thesis was about rebalancing into semis, not timing META's top. But every green day makes the sell trigger harder to pull.

$635.26 | +3.74% | $1.55T market cap

Semi Watchlist: TSM +2.5%, ASML -2.1%, NVDA -1.1%

Mixed week for the rotation targets

TSM $422.73 (+2.5%) on 2nm pricing power narrative. ASML $1,597.87 (-2.1%), just volatility in a high-beta name. NVDA $212.60 (-1.1%), still near highs. AVGO flat at $421.86. All entry prices remain elevated vs. your original tranche plan.

NVDA $212.60 | TSM $422.73 | ASML $1,597.87 | AVGO $421.86

CRWV: Entire C-Suite Selling

$104.27 -- confirmed stay-away

CEO Intrator $19.7M (May 19), CTO Venturo $7.8M (May 20), CFO Agrawal $1M (May 20), COO Jain $1.75M (May 8). DA Davidson downgraded to Neutral, PT slashed from $175 to $100. When everyone is heading for the exit, believe them.

$104.27 | -1.5%

Startups & AI

OpenAI offers $2M tokens to every YC startup, OpenRouter hits unicorn, Anthropic nears profitability

OpenAI: $2M in Tokens to Every YC Company

Uncapped SAFEs for ~170 startups

OpenAI offered $2M in API credits to every YC Spring/Summer 2026 batch company via uncapped SAFEs. YC extended the Summer deadline by 48 hours. Aggressive distribution play -- buying lock-in at scale.

~170 startups | May 20, 2026

OpenRouter: $1.3B Unicorn at $113M Series B

CapitalG + NVIDIA backing AI inference routing

25 trillion tokens weekly, 400+ models, ~$50M ARR. The multi-model routing layer is becoming critical infrastructure. Enterprises want one API, not vendor lock-in.

$1.3B valuation | Led by CapitalG

Anthropic Nearing First Profitable Quarter

WSJ: revenue growth is "meteoric"

Anthropic disclosed to investors that revenue could produce an operating profit for the first time. Ongoing round may push valuation above OpenAI's at ~$900B. The economics are starting to work.

~$900B valuation

Robotics & Physical AI

Figure AI $39B, 200-hour autonomous demo, Hugging Face $2,500 humanoid, China IDs 28K robots

Figure AI: 200 Hours Autonomous, $39B Valuation

An 8-hour test that just kept going -- and a $1B+ raise

Figure 03 robots sorted packages autonomously for 200+ hours on livestream. $1B+ Series C at $39B. BotQ plant produces 1 robot/hour (24x faster). 350+ units in 120 days. This is starting to look like a real manufacturing operation.

$39B valuation | 200+ hours autonomous

Hugging Face LeRobot: $2,500 Open-Source Humanoid

3D-printed, full-stack, the same week Figure hit $39B

Full BOM, simulator, and training zoo for $2,500. The open-source humanoid play mirrors what happened with LLMs -- the democratized alternative arrives faster than expected.

$2,500 | Open source | Available now

Manchester United

Ederson deal nearly done, Tchouameni chase on, Carrick locked in through 2028

Ederson Is Basically a United Player

GBP 38M, personal terms agreed, first signing under Carrick

Atalanta midfielder Ederson has agreed a 5-year deal. GBP 35M upfront. The Casemiro replacement done right -- younger, faster, press-resistant. United are also 'confident' of landing Tchouameni (EUR 80M) from Real Madrid. Double midfield signing would transform the squad.

GBP 38M + EUR 80M bids

Rashford Still in Limbo, Contracts Locked Down

Barcelona want him but might not commit

Barcelona chasing Anthony Gordon complicates the Rashford move. Marc Casado swap deal floated. Meanwhile, Mainoo signed through 2031, Bruno extended through 2028, Carrick's 2-year deal confirmed. The spine is set.

Mainoo 2031 | Bruno 2028 | Carrick 2028

Music

Charli XCX SS26, stacked May 22 releases, SF concert calendar loaded

Charli XCX -- SS26 + New Albums from 6LACK, Future Islands, Bleachers

Plus singles from Kylie Minogue, Olivia Rodrigo, Dua Lipa, LISA

Charli went deliberately low-key with SS26 -- a fashion industry satire set to nursery-rhyme electronics. 6LACK's comeback is the dark horse of the week. New singles from Kylie ('Light Up'), The Script ('Reputation', 32M listeners), and Lola Young ('From Down Here').

May 22-28 releases