☕️ Talking Palantir, Nvidia, Apple and SpaceX

Howdy! 👋 

I trust this email finds you well having had a wonderful weekend somewhere on the planet! 

The indices seem determined to make a stand, and I’m good with that for reasons we’ll come back to in a moment. 

We’ve got a big week ahead. 😀 

First though, a hat tip… I saw earlier this morning that Citi just raised its annual year-end S&P 500 target to 8,100 citing – drum roll please – AI-driven earnings strength. 

Nice to have company. 💯 

We’ve been talking about this for quite some time – years actually – when I told the fabulous Kelly Evans and Tyler Matheson that AI would likely prove to be one of the single greatest investing opportunities in human history. (Watch) 

I also see this morning that Goldman has said “no bubble yet” while Citi is out with comments noting that "AI tailwinds are fueling an episodic fundamental surge across related sectors,". 

Again, nice to have company even though I admittedly have no idea what they’ve cooked up in the buzzword bingo department… but it makes sense. 🤦️ 

I hope you got on board or that you plan to get on board because the very daunting reality is that you may well be kicking yourself for years to come if you don’t. 

Everybody dreams about finding the next Apple or Nvidia or Palantir because they’ve returned 17,084.63%, 63,583.02% and 1,333.90% over the past 20 years. Although Palantir hasn’t even had 20 years yet!  

Well guess what? 

They’re all still great investments, imho. 

S&P 500 earnings growth is now on track for 25% this year; unheard of outside post-recessionary bounce-backs but – and to me as a broken record – absolutely consistent with Digitalization and companies making “must have” products. 

Companies that hesitate become footnotes but the ones that lead become empires. 

Here’s my playbook.  

1 – SpaceX IPO + Palantir = unprecedented profit potential 

The super-savvy Stuart Varney very kindly invited me back ahead of today’s opening bell for my thoughts on SpaceX, Palantir and more. (Watch) 

2 – Invest in the future, get through the present 

I tend to do a lot of catch-up reading on weekends and, not surprisingly, I saw scores of folks who were uncertain about Friday’s rout. 

I understand, but please try not to be… that kind of selloff rarely ends rallies.  

In fact, it tends to be a great setup for investors. 

3 – Apple’s moment is at hand 

Apple Developer Conference kicks off this week with the keynote at 10 Monday. (Watch) 

While I expect the usual smattering about iOS, personal expression, consistency and platform stuff, I will be watching very, very closely for new information on AI and custom silicon that'll allow AI down to the device level.  

I made the remark earlier this year – in Feb and in Apr when Apple was in the $240s – that this could be the conference when Apple pulls another iPhone moment with AI. It’s at $307.34 today – roughly 28% higher. 

Reports ahead of the keynote as I type suggest a complete Siri overhaul — chatbot capabilities, third-party AI model support, and what analysts are calling a "material upgrade." Goldman and JPMorgan both flagged it this week… and again, nice to have company. 

MyPOV is that if Apple delivers on custom silicon that brings AI inference to the device level, the installed base of 2+ billion active devices becomes the most powerful AI distribution network on the planet. That's the iPhone moment I've been talking about and specifically mentioned on Varney & Co several times this year. 

I hope I own enough shares and that I am smart enough to buy more. 

You? 

4 – AI naysayers are gonna hate what Unka Jensen just did 

Unka Jensen just spent four days in Seoul signing deals with five of Korea's biggest companies — memory, telecom, internet, manufacturing, industrials. (Read) 

• SK Hynix — Nvidia's biggest memory supplier just got bigger. A multi-year deal to co-develop advanced memory chips across four Nvidia platforms: AI data centers, personal AI, and physical AI. Huang already spends billions here annually. That number's going up. 
• SK Telecom — Korea's telecom giant is building a gigawatt-scale AI cloud using Nvidia's DGX platform. First AI factory expected online in 2027. 
• Naver — Korea's answer to Google is adopting Nvidia tech to power its AI data center expansion and build out a global AI factory business. 
• LG Group — The two companies are building an AI factory together focused on robotics, autonomous driving, and GPU cloud services. LG brings the manufacturing know-how. Nvidia brings the intelligence. 
• Doosan Group — An industrial conglomerate you might not know, but Nvidia does. Doosan supplies key materials used in Nvidia's AI accelerators, and now it's integrating Nvidia's robotics platform across its industrial sites too. 

Keith's Investing Tip: Aspiring investors want desperately to be right. The world’s most successful investors focus on being profitable… even they’re dead wrong. It’s a subtle difference but one that can add up to a lifetime of wealth.  

For example, and if you recall your history, 2012… that’s when Nvidia engineers used CUDA to train the breakthrough AlexNet deep learning model which proves that graphic chips were far superior to standard CPUs. And that, in turn, was on the heels of what happened in 2011 when investors panned the company’s Tegra mobile processor for tablets and smartphones because they were waiting for new computing chips to pay off.  

I said that Nvidia would likely be one of the most compelling investments one could make that year at several conferences. And, as it turns out, I mighta been on to something. 

Since 2011, Nvidia has returned ~57,030.35% versus ~484.09% from the S&P 500 over the same time frame, a popular passive investment choice for many ETF buyers or mutual fund owners. That’s a ~117 to 1 beat. 

Could it happen again? 

I think so. 

Obviously, there are no guarantees when it comes to past performance but, then again, there never are. 

Btw, if you’ve got this covered, my hat is off to you. Most investors do not and still don’t which is why I’ll throw my hat in the ring with One Bar Ahead® if that’s of interest.  

5 – Florida just proved that fixing what’s broken works 

Trial lawyers turned the Sunshine State into a litigation lottery, particularly when it comes to anything insurance related. (Read) 

Companies got sued into oblivion. Premiums went through the roof. Regular people — including nearly a million military families — paid a terrible price quite literally. 

Then Florida did something rare… the dang state actually fixed the problem. 

In 2023, the state passed tort reforms that cracked down on legal system abuse — shorter filing deadlines, no more phantom damages, no more one-way attorney fee awards that made suing insurers essentially risk-free for plaintiffs' lawyers.  

Opponents went bananas. Headlines at the time said that Florida was "under attack," that the rights of every Floridian were being stripped away, and that injured people would never find a lawyer again. 

MyPOV? 

Results speak for themselves. 

Legal defense costs paid by Florida insurers collapsed from $3.46 billion in 2023 to $107 million in 2024. Auto glass lawsuits — a notorious scam category — fell from 24,000 to 2,600 in a single year. 

Now USAA is sending the savings back where they belong. 

The insurer announced nearly $1 billion in combined returns to eligible Florida members — including a $500 million dividend hitting roughly 830,000 auto policyholders starting June 15. Average check: $760. More than a quarter of eligible members get over $1,000. 

Hooyah! 

Here's the part Wall Street isn't talking about yet.  

Georgia and Louisiana passed similar reforms in 2025. New York is considering it. So are Kentucky, South Carolina, and Indiana according to various reports. 

I think there’s a move here but the path to profits isn’t quite clear yet. 

I’d love to be long some of the insurance companies and short the lawyers who have used this mess as a personal piggybank of sorts. 

Hmmm. 🤔 

Bottom Line 

The cost of waiting for the perfect moment to invest often dramatically exceeds the benefit of perfect timing. 

Now and as always, let's MAKE it a great day and start the week strong!  

You got this — I promise! 

Keith 😀