Raunaq's World
Friday, May 29, 2026 -- Daily Briefing
SF Events
Summer kicks off this weekend with Alabama Shakes, street festivals, and 20 reasons to leave the house
Alabama Shakes + Nathaniel Rateliff at Greek Theatre
This weekend -- arguably the best live show of the summer
Brittany Howard is a force of nature on stage. Two nights at the Greek Theatre in Berkeley. If you only go to one concert this month, make it this one.
May 29-30 | Greek Theatre, BerkeleyConcerts
Union Street Festival
One of SF's biggest street festivals kicks off summer
Two days of food, vendors, live music, and drinks in Cow Hollow along Union Street. Free admission. The kind of lazy Saturday that makes SF feel like SF.
June 6-7 | Union St (Gough to Fillmore)Street Fairs
SOMA Nights Block Party
Monthly street party on your doorstep
Folsom Street between 6th and 12th transforms into a night market with local food, vendors, art, and entertainment. Free, right in your neighborhood.
June 25 | Folsom St, 5-9 PMYour Neighborhood
Investments
Markets at fresh records on soft inflation; semis consolidating near highs; CRWV insiders still dumping
NVDA: $214.25 -- Analysts See $298 Average
48 Buy ratings, zero Sells. Street sees 40% upside.
Argus raised to $270, Rosenblatt to $325, Mizuho to $300. AI5 chip hit a key milestone. For your rotation plan, NVDA at $214 is above your initial entry zone but well below consensus.
$214.25 | +14% YTDSemis
CRWV: $106.86 -- Stay Away (Confirmed)
CEO Intrator dumped $19.7M on May 19, then $1.3M the next day
All under 10b5-1 plans, but the optics are terrible. Now Google/Blackstone's TPU-as-a-service competes directly with their neocloud model. Your stay-away call was right.
$106.86 | -43% from highAvoid
Macro: Inflation Softens, Oil Still Elevated
PCE below expectations; Brent at $93.71; Gold at $4,530
Monthly inflation came in softer, helping equities push to fresh records. US-Iran ceasefire extension reports moderated oil. 'No rate cut in 2026' chatter growing.
May 28 market closeMacro
Startups
Anthropic hits $965B valuation, surpassing OpenAI; infrastructure capital is the real story
Anthropic: $965B and Counting
Series H makes it the most valuable AI startup on Earth
Raised $65B at $965B post-money. Run-rate revenue crossed $47B this month. On track for first operating profit in Q2. The fastest valuation growth in VC history.
$965B valuationAI Giants
Apollo + Blackstone: $36B Debt for Anthropic Compute
The money is flowing into chips, not chatbots
$36B in debt financing so Anthropic can buy Google TPUs at scale. Broadcom backstopping payments. The AI bottleneck is compute -- the real money is in infrastructure.
Closing next weekAI Infrastructure
Robotics
Figure AI's 200-hour warehouse marathon proved humanoids can do real shifts
Figure AI: 200 Hours, 250K Packages, Zero Failures
What started as an 8-hour test became a 9-day marathon
Five robots sorted 249,560 packages over 200 continuous hours. Processing speed: 2.83 sec/package, near human parity. This is an endurance proof, not a demo.
Ended May 22Humanoids
The Human vs Robot Contest: Human Won, Then Broke His Arm
Intern Aime edged out a robot 12,924 to 12,732 in 10 hours
The human finished with a 'basically broken' left forearm. The robot kept going. That anecdote tells you everything about the endurance argument.
10-hour contestHumanoids
Manchester United
GBP 250M war chest unlocked; Ederson nearly done; Tchouameni and Leao on the radar
GBP 250M War Chest Is Real
Carrick's first transfer window just got serious
United paid off GBP 110M on revolving credit, banked GBP 31M from Hojlund to Napoli, and are trying to recoup GBP 100M from selling Zirkzee, Onana, and Ugarte.
May 29, 2026Transfers
Ederson Basically Done at GBP 38M
Carrick's first signing: a workmanlike Casemiro replacement
Personal terms agreed, GBP 35M upfront. He's a destroyer, not a creator. Atalanta fans aren't even upset. Pragmatic, not a statement signing.
GBP 38M dealTransfers
Music
Olivia Rodrigo, Charli XCX, and Bleachers drop new tracks; Bay Area concert season heating up
Olivia Rodrigo -- 'the cure'
More angsty guitar-driven pop from Gen Z's biggest star
Second single from the upcoming album. Polished and predictable at this point, but she does it better than almost anyone her age.
Released May 22New Singles
JPEGMAFIA -- 'Experimental Rap'
The title is the mission statement
Rap that sounds like a glitch art exhibit. If you're into production that challenges you, this is the album of the week.
Album out May 22New Albums