Rotation and a Phantom 3C Signal

The AI trade is back in rotation today following strong results from SpaceX (SPCX +7.25%) and Super Micro Computer (SMCI +9.6%). Adding to the enthusiasm, SpaceX and Tesla (TSLA +3.4%) have set up independent committees to evaluate a potential merger that would combine their AI, semiconductor, robotics, and connectivity operations. At the same time, SpaceX’s…