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SpaceX, Anthropic, and OpenAI are collectively moving toward public offerings that could rank among the most valuable stock sales ever completed.The flood of new shares entering the market creates selling pressure on stocks that investors already have in their portfolios. Academic research suggests that every dollar pulled from existing stocks to fund new offerings could erase roughly five dollars in market value. Seventy-nine U.S. initial public offerings have raised $112.5 billion so far in 2026, up 625% from a year ago, Renaissance Capital data show. JPMorgan Chase projects total equity issuance will surpass $260 billion this year, The Motley Fool noted, a threshold the market has not crossed since 2021.SpaceX’s record Nasdaq debut revealed both demand and fragilitySpaceX raised $75 billion in its Nasdaq debut on June 12, pricing shares at $135 each and valuing the company at nearly $1.77 trillion. Total proceeds later climbed to $85.7 billion after underwriters exercised their option to buy additional shares, making it the largest offering ever recorded, CNBC reported. Renaissance Capital data shows that SpaceX alone accounted for approximately two-thirds of all U.S. initial public offering proceeds raised this year. Shares surged past $225 in the trading sessions that followed the listing, but the rally quickly lost momentum through the rest of June. The stock reversed and fell to roughly $153 by late June, representing an approximately 32% decline from its post-listing peak. Anthropic confidentially filed its S-1 registration statement with the Securities and Exchange Commission on June 1, after a $65 billion funding round. That funding round valued the artificial intelligence company at $965 billion, which represents its highest private valuation to date, Fortune reported. OpenAI submitted its own confidential filing on June 8, though a listing may not arrive until 2027 at the earliest. Chief executive Sam Altman is holding firm on a $1 trillion valuation target, above OpenAI’s $852 billion private mark, The New York Times reported.”Inelastic markets hypothesis” explains the $1 trillion riskThe deeper concern is not the cash these offerings raise but how stock prices respond when capital shifts between existing and new holdings. Researchers Xavier Gabaix and Ralph Koijen examined this dynamic in their paper on the “inelastic markets hypothesis,” published through the National Bureau of Economic Research.Their central finding is that every $1 flowing into or out of equities can shift the total market value by approximately $5. Index funds, pension funds, and insurance companies hold the bulk of equities under mandates that limit their ability to absorb sudden shifts in demand.When investors sell established positions to fund allocations in newly listed companies, the resulting selling pressure far exceeds the cash transferred. Applying the five-times multiplier to a $200 billion initial public offering wave implies roughly $1 trillion in aggregate market value at risk.

The inelastic markets hypothesis suggests a $200 billion IPO wave could put roughly $1 trillion in overall market value at risk.xPACIFICA/Getty Images

JPMorgan sees corporate buybacks absorbing the supply waveJ.P. Morgan Private Bank strategists argue that corporate demand creates a significant buffer that most investors are underestimating in their outlook, according to a June note authored by U.S. Equity Strategist Abigail Yoder.Corporate share buybacks are on pace to reach approximately $1.5 trillion this year, well above the $260 billion in projected new equity issuance. The S&P 500’s total market capitalization has grown to over $65 trillion, about 55% larger than in 2021, the last comparable issuance cycle.More Wall Street:HSBC doubles down on stock market message for 2026Citi quietly resets S&P 500 price target for the rest of 2026Jim Cramer has a stark message on the stock market for 2026″Even in a scenario where IPO volumes rise more than expected, and lockup expiries add incremental pressure, corporate demand alone may have the capacity to absorb a large share of equity supply coming to market,” J.P. Morgan’s strategists wrote.U.S. merger and acquisition deal value reached $1.2 trillion in the first five months of 2026, nearly double the $603 billion recorded in the same period a year ago, according to PwC, with cash-financed transactions adding to corporate equity demand alongside buybacks.Index concentration raises the stakes for technology stockholdersThe structural composition of major stock indices is shifting in ways that increase risk for investors holding broad passive index funds.  Full index inclusion of SpaceX, Anthropic, and OpenAI would push the S&P 500’s effective technology weighting to 54% from its current 51%. Former Nasdaq chief Robert Greifeld told CNBC he expects both OpenAI and Anthropic to go public before the end of 2026, following SpaceX.In many ways, you can say that this was the most difficult sell for the market, because Anthropic and OpenAI have a clearer and more present business model.Shannon Saccocia, chief investment officer for wealth at Neuberger Berman, and Joe Amato, the firm’s president and chief investment officer for equities, warned in a June CIO Weekly note that the shift meaningfully increases portfolio concentration risk.That figure counts Alphabet, Meta, and Amazon alongside traditional technology names, even though the index does not officially group them in the sector.  The technology sector’s weight peaked at approximately 35% in early 2000, just before the dot-com crash pummeled the broader market, according to Bespoke Investment Group. Goldman Sachs expects S&P 500 earnings per share to reach $340 in 2026, a 24% year-over-year increase, the firm projected. Artificial intelligence infrastructure beneficiaries are contributing roughly half of that earnings growth, which highlights how concentrated the market’s gains have become.History suggests mega-offerings do not reliably signal market peaksTwo-thirds of the 25 largest initial public offerings in history were followed by positive S&P 500 returns over the following 12 months. Gains during those forward-looking periods ranged from 5% to 20%, suggesting that large listings often accompany market uptrends rather than endings, J.P. Morgan found.The 2026 wave of initial public offerings will test whether record corporate buybacks and the market’s unprecedented scale can offset the pressure of new supply.Related: Wall Street veteran warns of epic stock market crash

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Trying to stay cool during the summer can take a lot of time, effort, and money, especially during a heat wave. Installing an air conditioner is often the first step when you want to effectively cool down your space, but there are little things that can help reduce heat and amp up the aesthetics. Window films are a genius way to upgrade your home, and they can be a real lifesaver against the summer heat. Window films are thin layers that are applied to your windows, creating a barrier that can be both practical and aesthetically pleasing. And many options are budget-friendly, too. Amazon has two popular options on sale right now, and they’re only $6 each.Dwersty Window Privacy Film

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Check price at AmazonCheck price at WalmartBenefits of window filmWindow film is a type of window treatment that can add a lot of value to your home, from added privacy to reduced heat, which can potentially save you money with lowered cooling use and cost.Daytime privacy: Window films are a fantastic way to add privacy to your home. They reduce visibility into your home, commonly through reflective, one-way films that reflect light and act as a mirror to onlookers during the day or through decorative and frosted window films that diffuse light and obstruct views both ways during the day and night.UV protection: Window films can also add an extra layer of protection, not just with privacy but also with heat and UV rays. They can block out UV rays, protecting your skin from direct sunlight. This feature also helps keep furniture in good condition, as direct sunlight can fade and impact furniture with long-term exposure.Heat reduction: In addition to blocking UV rays, window films can also reduce heat in your home. Depending on the type of window film, it can reflect or diffuse sunlight, which can help with heat control. With less heat entering your home, you can rely less on air conditioning to cool your space and ultimately reduce cooling costs and energy usage.Aesthetic boost: Window film isn’t just a practical upgrade; it can also be a decorative element. Window films can have a window-like appearance that looks clean and minimal. There are also a lot of decorative window films that have patterns, from stained glass to 3D designs that reflect colorful light when paired with sunlight.Disadvantages of window filmWindow film can be a great addition to your home, but there are some things you want to consider before taking the plunge to update your windows. For starters, you want to make sure your window is compatible with the film, making sure the glass type and window type are suitable. One concern is thermal stress, specifically with multi-pane windows, as the window film can absorb heat and potentially fracture the window. Additionally, some window warranties may be voided if film is applied, so double-check to make sure what your warranty entails.Other potential setbacks to window film are nighttime privacy and visibility. While they’re great for privacy during the day, one-way films have the opposite effect at night. When it’s dark outside and light inside, the inside of your home can be more visible. You can use frosted film to enhance privacy day and night, but since it works in both directions, your visibility out the window into your yard or the street is also limited.Is window film worth it?Window film is an affordable home upgrade that can add privacy, block UV rays, reduce heat, and add a decorative touch to your space. However, you’re going to want to make sure your windows are compatible with the film, as you don’t want to void warranties or cause any damage.More window film picksKespen Window Privacy Film

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Check price at AmazonTheStreet Shopping is your guide for shopping insights and advice. We look beyond the price tag to find the best value in home, tech, and wellness gear based on product features and real-world use. Read more about our Editorial Standards and How We Choose Our Shopping Deals.

While corporate giants are winning over the typical morning coffee consumer, many popular independent food spots are secretly struggling. The numbers suggest that the pastry business is doing well, with Dunkin’ currently dominating in the United States with more than 10,000 locations and a strong position in the coffee space. Placer.ai found that Dunkin’s customer traffic, though slightly declining, remained largely stable in 2024, with nearly 40% of visits occurring during the early morning hours, underscoring the chain’s strength in the breakfast market.At the same time, the chain’s master franchisee in India, Jubilant FoodWorks, confirmed it will not renew the franchise agreements due to weak sales, declining store counts, and ongoing financial losses.Industry-wide, smaller chains are facing similar pressure across the United States, where Dunkin’ remains profitable. The data suggest larger chains have generally weathered recent cost pressures better than many regional operators.Large quick-service restaurant (QSR) chains can easily absorb massive supply chaininflation, but “a small restaurant will be far less able to absorb those costs without raising menu prices,” hospitality expert Izzy Kharasch explained to the Food Institute in January 2026.Now, a cult-favorite brand famous for its viral, boundary-pushing sweet treats offered across 10 states, has begun quietly shutting down locations without warning.Voodoo Doughnut quietly closes more locations The Voodoo Doughnut chain has closed two of its Houston-area stores, one located at 1214 Westheimer Rd. in Montrose and the other at 1301 N. Fry Rd. in Katy. Though the company’s official website still lists these locations as open, visits to the stores confirmed they have closed, reported Que Onda Magazine and Chron. Google Maps now lists the locations as permanently closed. The latest closure comes about two years after the brand abruptly shuttered its Cypress location, catching residents by surprise, Chron reported at the time. Following these most recent closures, the Portland-based company has only one remaining location in the Houston area, located at 3175 Washington Ave., which was the first location to open in the city. 

Voodoo Doughnut quietly closes more locations.Houston Chronicle via Getty Images

Voodoo Doughnut remaining locations: Arizona
Tempe: 1324 S Rural Rd., Tempe, AZ 85281
California
Universal CityWalk: 100 Universal City Plaza, Hollywood, CA 91608

Venice Beach: 66 Windward Ave., Venice, CA 90291

West Hollywood: 7101 Melrose Ave., Los Angeles, CA 90046
Colorado
Boulder: 3210 Arapahoe Dr., Boulder, CO 80303

Broadway (Denver): 98 South Broadway, Denver, CO 80209

Colfax (Denver): 1520 East Colfax, Denver, CO 80218

Denver International Airport: B Concourse, Upstairs, Denver, CO
Florida
Universal Orlando Resort: 6000 Universal Blvd., Orlando, FL 32819

Wynwood: 2401 NW 2nd Ave., Miami, FL 33127
Illinois
Fulton Market (Chicago): 945 SW Randolph St., Chicago, IL 60607
New York
Union Square (New York City): 41 Union Square W., New York, NY 10003 (listed as coming soon)
Oregon
Davis (Portland): 1501 NE Davis St., Portland, OR 97232

Eugene: 20 East Broadway, Eugene, OR 97401

Oak Grove (Milwaukie): 14620 SE McLoughlin Blvd., Milwaukie, OR 97267

Old Town (Portland): 22 SW 3rd Ave., Portland, OR 97204 (The Original Shop)
Tennessee
Nashville International Airport: International Terminal, Nashville, TN
Texas
6th Street (Austin): 212 E 6th St., Austin, TX 78701

Burnet Road (Austin): 5408 Burnet Rd., Austin, TX 78756

Lower Greenville (Dallas): 1806 Greenville Ave., Ste. 120, Dallas, TX

San Antonio: 400 E. Houston St., San Antonio, TX 78205

Washington & Waugh (Houston): 3715 Washington Ave., Houston, Texas 77007 (sole remaining Houston location)
Washington
Bellevue: 10713 Main St., Bellevue, WA 98004

Capitol Hill (Seattle): 1201 Pine St., Seattle, WA 98101

Vancouver: 8203 NE Vancouver Mall Dr., Vancouver, WA 98662

Source: Voodoo Doughnut 

Why Voodoo Doughnut suddenly closed 2 Houston locationsThe company neither announced the closures nor provided any official statements following them. Both Que Onda Magazine and Chron reached out to the company for comment, but Voodoo Doughnut hasn’t responded. However, in a detailed review, Houstonia Magazine explicitly highlights Voodoo’s sudden downsizing as an example of a broader economic trend suffocating smaller, local chains. “With rising labor and food costs and a dicey economy, the dining scene across the country is undoubtedly undergoing shifts, and Houston is no exception. This month has brought some crushing restaurant closures, with one noticeable pattern: small and local restaurant chains seem to be shrinking,” wrote Houstonia’s Brittany Britto Garley.  According to Huy Do, a market researcher and trendologist at Datassential, smaller restaurant chains, such as those with 50 or fewer storefronts, are downsizing, while the biggest national brands are doing “the heaviest of the lifting” on new openings, reported Restaurant Dive. Moreover, preliminary data from Technomic show that chains grew by 3%, while small restaurants declined by more than 2% last year. Oversaturated market, fierce competition and Texas’ culture Smaller brands are failing to rise to the challenges of constant traffic declines, growing expenses, and an oversaturated market, according to experts. The competitive landscape also includes Texas-based Shipley Do-Nuts, one of the state’s dominant doughnut chains.As documented by Mashed, local institutions like Shipley built their empires by offering a “local savory treat: kolaches… a sausage-filled pastry of Czech origin” right alongside fresh glazed rings, helping establish breakfast traditions that many industry observers say can be difficult for outside chains to compete with.While Voodoo Doughnut hasn’t explained the Houston closures, local discussions offer some insight into the competitive landscape. In one Reddit thread, Houston residents debated why national doughnut chains such as Dunkin’ and Tim Hortons have never achieved the same ubiquity in the area as they have in parts of the Northeast. Many commenters pointed to several key reasons:Shipley’s dominance: Houstonians possess immense loyalty to Shipley Do-Nuts, a deeply rooted local institution that heavily shapes the region’s pastry market.Mom-and-pop saturation: The city is packed with independent, family-owned bakeries making fresh, low-cost pastries daily.The savory ritual: Industry observers say many Texas consumers prioritize hot, savory staples like breakfast tacos and local kolaches over mass-produced chain doughnuts.Voodoo Doughnut once sold medicinal doughnuts that were banned by the FDA Founded in Portland, Oregon, in 2003, the unconventional and stylish doughnut chain Voodoo Doughnut became popular for more than 50 types of doughnuts, both yeast and cake versions. What also made it stand out — besides its vibrant pink interiors featuring murals of its Voodoo loa mascot, Baron Samedi — were the original creations that pushed major boundaries. Related: Another iconic mall retailer quietly closes 13 storesWhile you may be familiar with its chocolate-covered, raspberry jelly-filled voodoo doll doughnut (complete with a pretzel stake through the heart), the brand also once served medicinal flavors, writes Mashed. These medicinal pastries, targeted at the late-night drinking crowd, allegedly included a doughnut dipped in Pepto-Bismol and sprayed with Tums, alongside another laced with NyQuil, before the FDA quickly put a stop to their production.  What customers should know about the Voodoo Doughnut closures Those who crave Voodoo Doughnut treats in the Houston area still have one remaining option on Washington Ave. The chain’s presence in the city might be smaller, but it is not completely gone. While Voodoo Doughnut’s expansion in Texas coincides with a market shaped by deeply rooted local breakfast traditions and intense competition, the company hasn’t explained what prompted the Houston closures. This pullback doesn’t necessarily signal broader problems for the company and could reflect an effort to concentrate on stronger-performing locations, a common tactic among larger food chains.Trimming underperforming assets helps ensure corporate capital is deployed efficiently, allowing a chain to “build on an already strong system,” Wendy’s CEO Kirk Tanner explained when navigating a similar structural cleanup in the QSR space, Restaurant Business reported.For cult favorites like Voodoo Doughnut, scaling back from oversaturated markets might be just the move it needs to continue building its unique brand. Related: Las Vegas Strip loses 26 stores after retail scandal

Higher Affordable Care Act (ACA) premiums are prompting many Americans to rethink their health insurance. According to Jae Oh, CFP, author of “Maximize Your Medicare,” rising monthly costs, the expiration of enhanced premium tax credits, and expectations of additional premium increases are causing some households to drop marketplace coverage altogether.The trend could continue into 2027, Oh said in a recent interview, as insurers reassess their participation in ACA exchanges and file for additional premium increases.For consumers, the challenge is balancing affordability against the financial risk of going uninsured.What this means for youIf you buy health insurance through the Affordable Care Act marketplace, expect costs to remain a concern heading into 2027. If you’re considering dropping coverage because of rising premiums, understand that switching plans is generally limited to open enrollment or a qualifying life event. Before canceling coverage, review whether a lower-cost option or another form of insurance can protect you from potentially devastating medical expenses.Below is a transcript of the interview with Oh, edited for brevity and clarity.ACA premiums are forcing some households to drop coverageBob Powell: There’s much going on in the world of the Affordable Care Act, as millions of people are dropping their coverage, according to the latest report from KFF. People are looking at their monthly premiums and how much they’ve increased since 2025 and they’re beginning to realize they can’t afford their ACA plan anymore and are dropping it.Jae Oh: I think this was expected, Bob. You and I spoke at the beginning of this year, and early projections to me looked too good to be true.Now reality has arrived, where the full financial cost faced by households has become apparent. When you couple that with ongoing, persistent inflation, health coverage became the highest cost they could act upon.For example, you don’t have a choice but to fill your gas tank to get to work. However, many people have canceled. Almost one out of four people who were enrolled in ACA coverage in 2025 have canceled nationwide for this year.Consumers should avoid overpaying for coverage they may not useBob Powell: You and I have talked in the past about what people in that situation ought to do. Maybe as a recap, share what we’ve talked about on that front.Jae Oh: What the dramatic price increases have done is highlight the counsel I give to households every day: Do not overpay to begin with.This was true even prior to the controversies over premium tax credits. It may feel nicer to say, “I have a gold plan” or “I have a platinum plan.” But the reality is that you are front-loading your costs with a 100% probability of paying the carrier.The candid reality is, when I was 29 or 30 years old, as a male, I went to the doctor once a year at most. In that case, did I need a platinum plan? For a 29- or 30-year-old, that can be almost $4,000 a year, which is a huge amount, especially for people working gig jobs.They have to come up with this money on a post-tax basis. They do not get the tax deduction that an employer does.Most consumers cannot switch metal levels midyearBob Powell: For folks who didn’t cancel their plan and are in a platinum or gold plan, could they reduce the metal level midyear?Jae Oh: No, they can’t reduce it midyear. Here is the conundrum: They had through Jan. 15, but now that window has closed.In order to change your plan, you generally need a change in life situation that qualifies you for a special enrollment period. For example, losing employer-sponsored coverage is a common one. If COBRA ends, that is another common example.But simply switching from your platinum plan to a bronze plan in July is no longer possible unless you have a very specific reason.People who canceled coverage may need temporary alternativesBob Powell: For folks who canceled, let’s say we’re in June as we record this. They have six months before they can re-enroll in a new plan and maybe think about enrolling in a bronze plan versus a platinum plan, or a catastrophic plan versus a bronze plan.What do they need to think about? Going without health coverage is really not an option for people.Jae Oh: It can be worrisome.Even people who canceled because they are in excellent health, for example, and yet are stretched financially, can look at short-term plans. There are non-ACA-approved plans.I don’t represent things under the umbrella of health share, which are available nationwide. But there are lower-cost alternatives, which opponents of the ACA have been trying to support during this administration, for sure. That voice has gotten louder.ACA shoppers may face higher premiums and fewer choices in 2027Bob Powell: As you think about next year, folks may face increased premiums, as they witnessed this year, but also fewer carriers, right? They may have fewer options to choose from.Jae Oh: Yes, and it depends on your state.The situation has become difficult for all stakeholders. We’ve seen this in the past: Carriers can choose to simply not participate because they cannot sustain the cost and the risk.We have seen large national carriers withdraw, and that is not necessarily a surprise. There are locations where the network system, the health care delivery system, is so fragmented that it’s mind-boggling. For a carrier trying to administer all of them at the same time, it can become untenable. That actually makes complete rational sense.Another premium increase may be on tap for 2027Bob Powell: We’ve delivered folks a lot of bad news. Is there any good news or silver lining here?Jae Oh: First, one more piece of bad news.During this part of the year, when we speak about Medicare Advantage and the ACA, carriers are proposing what is going to happen going into next year. We get statistics on that as they file with their state regulators.The news is not good.When we thought about low double-digit increases going into this year, maybe 10%, 12% or 15%, and then the loss of the premium tax credit, on top of all of that, it looks like midteens increases are very commonly found. And that can be too low in certain locations.Another dramatic jump in ACA premiums looks to be on tap for 2027.New ACA plan flexibility may give consumers more choicesJae Oh: The good news, if you will, is that CMS has relaxed notably the idea of what will be considered an ACA-approved plan.As a result, it has empowered certain consumers and patients to choose, or cherry-pick, the individual services they deem necessary.Whether or not that’s wise, I’m not a medical doctor. That was my late father. He would probably not be in favor of patients individually doing the selecting.Nevertheless, these types of consumer-oriented choices seem to be coming soon in 2027.The ACA’s future depends on how the risk pool holds togetherBob Powell: Big picture, Jae: As we think about the future of ACA plans, certain segments have long wanted to see the law’s demise. Are we witnessing that, or is there a future for the ACA?Jae Oh: I think 2027, as it’s currently constructed, does in fact dismantle some of the important components.What it is showing is that when you cherry-pick certain components you don’t like and retain the things you do like, the No. 1 example is pre-existing conditions. You cannot be denied coverage for a pre-existing condition. Everyone seems to be universally in favor of that.But if that’s going to be the case, then who is going to be the enrollee? The enrollee will be someone who would not have qualified otherwise. That would logically increase the cost.When you take away healthy people paying into the system and the overall risk pool, you will see dramatic headlines. This is the ripple effect of stripping away certain aspects of the ACA that opponents did not like.Adverse selection can drive insurance costs higherBob Powell: I think the term of art is adverse selection. No insurer wants that, right?Jae Oh: Exactly right.Adverse selection is part of it. And the opponents of the ACA, in their adverse selection of themselves, have tried to pull out the parts they did not like or disagreed with for philosophical or political reasons.But the math of money ultimately catches up.Insurance is still a probability-based exercise. If the probability of high cost and high health care usage is high, then the monthly premium will also move accordingly.Bob Powell: Jae, I assume we’ve covered much, if not all, of what we needed to talk about for now. But if not, you get one last shot at it.Jae Oh: No, I think that’s quite enough. Delivering enough bad news at one time is overwhelming, even for me.Bob Powell: And we promised not to shoot the messenger.Key takeawaysNearly one in four ACA enrollees have canceled coverage this year, according to Oh.Consumers generally cannot switch marketplace plans midyear unless they qualify for a special enrollment period.Additional double-digit premium increases could arrive in 2027, depending on state regulatory approvals.Some insurers may continue leaving ACA marketplaces, reducing plan choices in certain states.Before canceling health insurance, consumers should compare lower-cost alternatives and understand the financial risks of going without comprehensive coverage.Related: New Medicare GLP-1 pilot program could lower drug costs

Tesla (TSLA) is bringing its robotaxi pitch to another major U.S. city.The electric-vehicle maker said Friday its robotaxi service is now available in Miami, another move in Elon Musk’s effort to turn Tesla’s self-driving software into a broader ride-hailing business.The move is important because Tesla is no longer just trying to sell investors on cars.Musk has increasingly pitched Tesla as an artificial intelligence and robotics company, with robotaxis, self-driving software and humanoid robots at the heart of its long-term narrative.Miami gives that story a new test.Tesla’s move comes as Alphabet’s (GOOGL) Waymo and Amazon’s (AMZN) Zoox are also digging deeper into autonomous ride-hailing, turning robotaxis from a futuristic dream into a more crowded commercial race.Tesla shares recently traded at $393.45, giving the company a market value of about $1.39 trillion.Tesla robotaxi rollout pushes Musk’s AI pivot forwardThe Tesla Miami launch matters because it takes the robotaxi story out of a single launch market.Tesla debuted its robotaxi service in Austin, Texas, in June, after previously intending to extend the service to Dallas and Houston, Reuters reported. Musk stated in May that he expected completely self-driving cars that don’t have a human safety monitor to become increasingly common in the U.S. this year.That’s the story Tesla wants Wall Street to focus on.The company’s core electric-vehicle business remains the main driver of revenue, but investor enthusiasm is increasingly tied to whether Tesla can convert the promise of autonomy into a scalable business.A robotaxi network would be different from selling vehicles.It would give Tesla a recurring-services story, a mechanism to commercialize its self-driving software, and a possible answer to investors who want to see the company’s AI development show up in income.That’s why every new city matters.With the Miami rollout, Tesla has a third chance to prove that robotaxis are more than just a tech showcase or a Musk promise. They have to be a reliable, repeatable mode of transportation.Miami gives Tesla a tougher robotaxi raceMiami is not just another dot on the map.It’s a market that businesses in the autonomous-vehicle space are already eyeing.Waymo had previously indicated it planned to launch its ride-hailing service to riders in Miami in 2026. In March, Amazon’s self-driving unit, Zoox, said it would expand its robotaxi service in San Francisco and Las Vegas and start testing its purpose-built robotaxis in Austin and Miami.More Tesla:Tesla stock has a SpaceX problem, veteran analyst saysWhy a fatal crash threatens Tesla’s stockTesla faces lawsuit from family of victim killed in Texas home crashThat puts Tesla in a more competitive position.The robotaxi race is now not simply about demonstrating the technology works. It’s about which one can expand fleets, navigate legislation, create trust with riders, and operate safely in actual city traffic.Key takeaways from Tesla’s Miami robotaxi rolloutTesla said its robotaxi service is now available in Miami.The expansion follows Tesla’s robotaxi launch in Austin.Musk has said fully self-driving cars without human safety monitors could become more widespread in the U.S. later this year.Tesla is trying to shift investor focus from electric vehicles to AI, robotics and autonomy.Waymo and Zoox are also expanding their robotaxi efforts.Miami could test whether Tesla can scale robotaxis beyond early launch markets.Tesla’s record second-quarter deliveries give the company a stronger backdrop for the autonomy push.For Tesla, the competitive pressure cuts both ways.Big tech firms are pouring billions into trying to make autonomous ride-hailing work.But their presence also lifts the bar.Tesla will have to prove it can compete not just with traditional carmakers but also with companies developed around autonomous fleets, mapping, ride-hailing operations and safety validation.Tesla deliveries give the robotaxi story more roomTesla’s robotaxi push is well timed for the company’s main revenue drivers.Tesla said July 2 it produced more than 450,000 vehicles, delivered more than 480,000 vehicles, and deployed 13.5 gigawatt-hours of energy storage solutions in the second quarter.Tesla’s deliveries in the second quarter topped Wall Street projections and were bolstered by a pickup in Europe, Reuters reported.That is important because a better delivery quarter allows investors more time to think about the next narrative.If Tesla’s vehicle business is stabilizing, Wall Street may be more inclined to give Musk credit for robotaxis, self-driving software and robotics.But the pressure does not disappear with the delivery.Tesla still has to prove that robotaxis can be more than a headline catalyst. Investors will want to see usage, geography, safety performance, pricing, and how much revenue the service can eventually earn.

The Tesla story Wall Street cares about most faces a new challengeILIA YEFIMOVICH / Getty Images

The Miami launch keeps Tesla in the lead on the autonomy story.It shows the corporation is pushing outside Austin and seeking to make robotaxis a bigger network.But Miami also makes plain the difficulties.Tesla is entering a market where competitors are already entrenched or preparing to expand. That means the corporation has to do more than be ambitious. It must show execution.But the robotaxi story still has a lot of punch for investors.A working ride-hailing network might provide Tesla with a new business line and back up Musk’s thesis that Tesla should be valued as an AI and robotics platform rather than simply a manufacturer.But the biggest test is still size.Tesla can deploy new robotaxi marketplaces. The more difficult aspect is to prove that those markets can become safe, reliable and profitable enough to change the financial story of the organization.Related: Tesla stock has a SpaceX problem, veteran analyst says

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealGrilling is one of America’s favorite pastimes, offering an easy option for game nights, holidays, weeknight dinners, or just an excuse to spend some time outside in the sun. It allows friends and family to bond over home-cooked meals and offers flexible meal options, from burgers and hot dogs to veggie kebabs and grilled watermelon. If you love to grill, but find that rainy weather or limited outdoor space often gets in the way, we’ve found something you’ll love.  The Suslas Smokeless Electric Indoor Grill offers easy grilling and griddling with less of a mess. The electric feature prevents smoke that’s normally associated with a charcoal grill that uses fire as the heat source, while also offering multiple ways to cook for just $50. Shoppers save 41% on this 2-in-1 grill.Suslas Smokeless Electric Indoor Grill, $50 (was $85) at Walmart

Courtesy of Walmart

Shop at WalmartWhy do shoppers love it?This appliance offers a great opportunity to enjoy the summer without the hassle. This electric griddle can be used indoors or outdoors. It offers a grate for grilling, a non-stick griddle for high-heat searing, frying, or toasting, and three under-griddle pans that can roast, allowing you to cook vegetables, burgers, potatoes, seafood, eggs, pancakes, bacon, and more. The grill measures 3.6 inches tall, 18.1 inches wide, and 9 inches deep, offering a good amount of space for a family-sized meal without being unmanageable. It’s great for apartments with no balcony and grill bosses during the off-season. It also offers a portable solution for traveling and camping, and provides a useful option for hotels and Airbnbs.Related: Charcoal grills are rapidly rising in popularity — here’s whySomething that may become one of your favorite features is how easy it is to clean. Reviewers have mentioned that it’s super easy to take apart and wash in the sink or set in the dishwasher, as it’s dishwasher safe. The 1500-watt system heats up quickly, and the temperature control helps to maintain precise heat settings throughout the meal, making it easy to accommodate different cooking needs. The pros and cons of this dealProsYou can grill inside: Whether it’s raining or you don’t have an outdoor space to cook, this allows you to cook burgers, kebabs, and more indoors without fire smoke. Different cooking options: Grill on the grate and griddle on the plate or on the three lower pans.Built-in temperature control: The temperature control lets you melt cheese on low and grill on high. Cons Size: This grill-and-griddle combo isn’t suited for huge parties, but it works fine for families and small gatherings. Does not include recipes: This set does not include a recipe book, so you’ll have to find your own favorite recipes to start with.One shopper said, “This is one of the best-designed tabletop grills I’ve used. Everything is separate from the electrical unit, so cleanup is a breeze—nothing gets stuck where it shouldn’t.””The barbecue stand is really good,” another reviewer said. “It is convenient and quick to start using. The dishwasher cleaning also helps to keep things less messy and makes it more durable. All the parts are easily removed. The temp setting is good. The non-stick plate is also very good.”Shop more dealsNinja Sizzle 6-Serving Indoor Griddle, $109 at WalmartChefman 6-Serving Griddle, $49 at WalmartWhether you’re looking for a cleaner way to grill or want something for the rainy and snowy seasons, the Suslas Smokeless Electric Indoor Grill is a great choice. It offers multiple cooking options that can help make a delicious family dinner quickly and easily, without dirtying tons of pots and pans. Shoppers can save 41% on this 2-in-1 grill, paying just $50 at Walmart.

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealWhile some folks love the heat, some of us will do just about anything to keep cool. Fortunately, you don’t need an array of fans or central air to stay comfortable through the summer. Right now, you can take advantage of this Walmart deal on the normally priced $367 Kissair Portable Air Conditioner, which you can snag on sale for just $180 for a limited time. One reviewer called it “the best purchase I’ve made” while another said it “cools wonderfully.”Kissair Portable Air Conditioner, $180 (was $367) at Walmart

The Kissair Portable Air Conditioner.Courtesy of Walmart

Shop at WalmartDetails to knowWith 8,000 British thermal units (BTU) of high-efficiency cooling power, this portable AC unit can cool a 350-square-foot room down in minutes. It offers cooling, dehumidifying, and fan modes, with a temperature range of 62 to 86 degrees Fahrenheit. You can adjust settings in advance with a programmable 24-hour timer, set it on demand with a convenient remote control, or quiet it down at nighttime with sleep mode.It’s just 27.2 inches tall and comes with everything you need for fast, easy installation. The package includes a user manual, an air-exhaust duct, two batteries, a duct connector, a window-exhaust kit, a baffle plate, the remote control, a drain hose, and a wing-nut set. The assembled air conditioner weighs 39.8 pounds.Related: Walmart’s $468 bestselling window air conditioner is 55% offWhy do shoppers love it?”This is a great air conditioner for a small space,” said one satisfied shopper. “It works great to cool down my bedroom. It’s also easy to install and includes everything you need to get it in and running. I really like that it has a fan setting, too, so you can turn that on even if you don’t need the air conditioning going.”If you’re looking to stay cool this summer without breaking the bank, save $187 on a new Kissair Portable Air Conditioner with this Walmart deal. 

Costco Wholesale (COST) shares slipped on Monday, June 29, as one of Wall Street’s top retail analysts delivered an attention-worthy message on the stock.Bernstein analyst Zhihan Ma named Costco and discount chain Dollar General (DG) her top retail picks for the second half of 2026. Earlier this week, she raised her Costco price target to $1,194 from $1,192 and kept her outperform rating.That target sits well above COST’s Thursday, July 2, close of $951.67. Even after climbing more than 11% since January, the stock still has room to run.Ma’s call boils down to a simple idea. While inflation keeps squeezing household budgets, Costco keeps finding ways to turn that squeeze into an advantage.Why Bernstein sees Costco outrunning the rest of retailMa’s optimism about Costco starts with a view on shoppers that most retail analysts share right now.Energy prices tied to the Middle East crisis have started easing, according to TipRanks. However, she still expects inflation to pressure shoppers as higher packaging and fertilizer costs work through supply chains. Add in the threat of fresh tariffs, and lower-income households will continue struggling while wealthier shoppers keep hunting for deals.

Costco Wholesale has outpaced much of the retail sector in 2026, even as inflation weighs on household budgets.Tada Images/Shutterstock

Costco’s growth engine keeps hummingCostco tends to thrive in exactly this kind of environment. Ma pointed to the retailer’s recent double-digit sales growth, much of it fueled by traffic at Costco’s gas stations as drivers search out cheaper fuel.”Although gas inflation is starting to moderate, we expect Costco to generate about 6-7% comparable sales growth, excluding gas and foreign exchange, which, coupled with the prospect of a special dividend, should support the stock in the near term,” Ma wrote, according to TipRanks.Costco’s own numbers are doing the heavy liftingBernstein’s call isn’t happening in a vacuum.Costco’s fiscal third-quarter net sales climbed 11.6% to $69.15 billion, according to the company’s SEC earnings release. Total revenue reached $70.53 billion, topping Wall Street’s forecast. Net income also jumped 15% to $2.19 billion, or $4.93 per diluted share.Membership income and the dividend storyMembership fee income, the recurring, high-margin revenue that props up Costco’s business model, rose 10.7% to $1.37 billion. Executive memberships, the pricier tier that signals deeper loyalty, grew 9.6% to 41.2 million. CEO Ron Vachris also told investors the company logged its five best gas-volume weeks everto close the quarter. This happened as drivers sought lower prices amid the conflict in the Middle East, according to CNBC.Related: Walmart makes unusual nuclear power betCostco sweetened its dividend too, lifting the quarterly payout 13% to $1.47 per share in April. On tariffs, Vachris said Costco has begun filing refund claims tied to the Supreme Court’s ruling striking down certain import levies. Proceeds are designated to keep member prices low rather than pad margins.How Bernstein’s target stacks up against the rest of Wall StreetMa isn’t the only analyst betting big on Costco. Price targets across Wall Street span a wide range, and Bernstein’s $1,194 sits near the very top of that pack.Where major firms stand on Costco stock:Bank of America: $1,200, buy ratingBernstein: $1,194, outperform ratingGoldman Sachs: $1,159, buy ratingJPMorgan Chase: $1,110, overweight ratingRaymond James: $1,100, outperform ratingCiti: $1,020, neutral ratingTruist Financial: $1,011, hold rating
Source: MarketBeat
Put together, Wall Street’s consensus price target lands at $1,103.66, implying about a 17% increase, according to data covering 24 analysts. Sixteen rate the stock a buy, seven say hold, and just one recommends selling. This is a rare level of agreement for a stock trading at roughly 40 times profits.What could still derail the Costco bullish caseNone of this makes Costco a sure buy. The stock’s price-to-earnings ratio near 40 shows investors are already betting on years of strong performance. More Retail Stocks:Wall Street expects Costco to surge 16%, amid macro volatilityDollar General CEO exposes bitter reality about today’s economyWhy Costco Has Outpaced the Nasdaq for Five YearsThat high bar means any slip in comparable sales or membership renewals could hurt the stock more than it would a cheaper retailer.Investors watching for the next catalyst should track Costco’s July sales report and any update on the special dividend Ma flagged. A payout announcement could give the stock a fresh jolt, much like it did last time. For now, buying at current levels means betting that Bernstein’s math holds up, and that Costco’s loyal members keep opening their wallets. This is even as the broader economy stays uncertain.Related: Costco stock price shocks market despite major blowout quarter

SanDisk Corp. (SNDK) closed out the holiday-shortened week as the Nasdaq’s biggest loser, ending Thursday at $1,745 a share, down 26% for the week, according to Seeking Alpha.Micron (MU), Western Digital (WDC), Seagate (STX) and Teradyne (TER) fell alongside it, each posting double-digit weekly losses in a sector that had led the market for most of 2026.Axon Enterprise (AXON), Rocket Lab (RKLB) and Palantir (PLTR) moved in the opposite direction, each gaining more than 20%, and the split traces back to one research note that hit Wall Street on Wednesday.The scale of the reversal only makes sense next to the run that preceded it. SanDisk had gained more than 760% year to date before this week’s slide, and the SOXX semiconductor ETF had added roughly 91% through the end of June, according to Google Finance data.A rally that size leaves little room for disappointment, even when the underlying business stays healthy.Related: BofA sees Delta, United entering a rare airline sweet spotA Bank of America warning triggered the routThe trigger arrived Wednesday, the first trading day of the third quarter. Bank of America’s proprietary Bubble Risk Indicator hit 0.91 for the semiconductor sector, a reading the bank treats as a sign of extreme frothiness, according to a Reuters report.The Dow closed at a record high that same day, but the Nasdaq Composite slipped 0.66% to 26,040.03 as chipmakers absorbed the selling, according to CNBC.Micron alone lost more than 10% of its value that session even though the stock remains up over 260% for the year, according to CNBC.Bank of America sent a conflicting signal on SanDisk specifically. A day earlier, analyst Wamsi Mohan raised his price target to $2,500 from $2,100, arguing NAND pricing should hold firm through 2027, according to a Seeking Alpha report.The bank’s own analyst stayed bullish on the business even as its strategists flagged the sector as stretched. A separate worry added pressure.Samsung and SK Hynix are adding NAND and DRAM capacity that could soften pricing just as AI-related capital spending is expected to peak this year and taper afterward, according to a 24/7 WallSt report. That combination threatens the pricing power that has so far driven memory makers’ outsized margins in 2026.

SanDisk closed the week at $1,745, down 26%, after Bank of America flagged bubble risk in chip stocks while raising its own SanDisk price target to $2,500.Michael M. Santiago / Getty Images

Axon, Rocket Lab and Palantir caught the other side of the rotationAccording to data from TheStreet, AXON experienced a significant rally during the week of June 29, 2026. The stock climbed from $560.61 on Tuesday to $593.96 by Wednesday’s close, representing a gain of approximately 6%.This sharp mid-week increase contributed to a broader seven-day winning streak that resulted in a total gain of nearly 45%.Federal disclosures showed President Trump bought between $1 million and $5 million of Axon stock in February, roughly two weeks before Immigration and Customs Enforcement solicited a $220 million TASER contract, according to CNBC. Investors read the timing as a signal of stronger federal demand, regardless of whether a contract is ultimately awarded.Rocket Lab climbed 24% to close the week at $100.46 a share after agreeing to buy satellite communications provider Iridium in an $8 billion deal, according to CNBC.More AI Stock:TSMC executive drops blunt message on AI chip’s next frontierMorgan Stanley gives Google stock investors reason to rethink AI spendingJim Cramer makes a bold call on AI as stocks waverAnalysts framed the acquisition as a move into recurring satellite revenue, the kind of predictable income that chip stocks currently lack.Palantir added 21% for the week, closing near $129 after a rally built on a sovereign AI partnership with Nvidia, a new U.S. Army data contract, and an upgrade from D.A. Davidson.The AI investment landscape is broadening beyond hardware. As capital rotates into AI software and cybersecurity platforms, stocks like Palo Alto Networks (PANW) and Workday (WDAY) have seen a noticeable lift in momentum.Beyond SanDisk, the rest of the week’s chip and storage losers still closed at levels reflecting a historic 2026 run.Micron ended the final trading session before the July 4 holiday at $975.56, which represents a notable pullback from its all-time high of $1,255.00 reached on June 25. This closing price marks a decline of approximately 22% from that record intraday peak as the stock experienced its first close below the $1,000 level in several weeks.Western Digital concluded the trading session at $539, which is significantly lower than its recent high of $729.A $820.16 finish for Seagate Technology reflected the same memory supply glut concerns.Teradyne experienced its steepest weekly drop since it joined the Nasdaq 100 in late June, closing at $369.09.The AI trade is no longer moving as oneThis week’s divergence is the clearest evidence yet that investors are pricing artificial intelligence as several separate trades rather than one.Since the start of 2026, chip and memory stocks captured nearly all the enthusiasm around AI infrastructure spending, while software, defense technology and space companies traded as afterthoughts.That is changing. Money is shifting toward businesses with contract-based revenue, government backing, or overlooked business lines, reducing exposure to an unpredictable tech landscape. This trend follows warnings from Bank of America strategists that high valuations and crowded tech momentum pose broader market risks.SanDisk’s 26% weekly loss does not mean the memory cycle is over. Bank of America’s own price target increase argues the opposite.But a single bubble-risk reading from a major bank can now move tens of billions of dollars across a sector in a single session, and the next leg of the AI trade may reward selectivity over the momentum that defined the first half of the year.Related: Palantir doubles down on national security with Nvidia AI alliance

Robinhood has spent the last year adding businesses at a pace few brokerages can match. Prediction markets, banking, an AI trading assistant, and a new credit card all launched within months of each other. Now Wall Street is starting to price in what that expansion means for the bottom line.Analysts are bullish on Robinhood stockRobinhood (HOOD) built its name on commission-free trading, but that is a small part of the story now. Chief Brokerage Officer Steve Quirk told attendees at the Piper Sandler Global Exchange and Fintech Conference on June 4 that the company logged its second-highest month ever for equity and options trading in April, and its best month ever for futures and prediction markets. He added that June 1 brought Robinhood’s biggest single day of equity trading and its biggest overnight trading session on record.CEO Vlad Tenev struck a similar tone at Robinhood’s annual shareholder meeting on June 2, telling investors the company now has 11 business lines generating more than $100 million a year, up from a business once built almost entirely on trading commissions. More Goldman Sachs:Goldman Sachs doubles down on stock market outlook for 2026Goldman hints at Fed’s next interest-rate bet under WarshGoldman Sachs has blunt message for AI stock investorsHe pointed to prediction markets, which passed $400 million in annualized revenue after launching just 18 months earlier, and to Agentic Trading. This new tool lets customers hand trading decisions over to an AI assistant within a separate, walled-off account.”We continue to grow,” Tenev stated. “We continue to win market share across several verticals. The core business continues to be strong.”That backdrop is why Goldman Sachs and BTIG have grown more bullish in recent days.  Goldman analyst James Yaro raised his price target to $121 from $108 while keeping a “buy” rating, citing preliminary June data showing record volumes in event contracts, options, equities, and crypto. The move came days after BTIG initiated coverage with a “buy” rating and a $125 target, with analyst Andrew Harte calling Robinhood “born to disrupt, built to compound” and predicting the company could grow its assets by more than 20% per year over the next decade. Robinhood’s June volume, roughly $343 billion in equities, 274 million options contracts, and $14 billion in crypto activity, was fueled in part by the 2026 FIFA World Cup, which drove prediction-market bets through Rothera, the company’s own exchange and clearinghouse. 
Source: Stocktwits

Vlad Tenev, CEO of Robinhood Markets, continues to expand the company’s product portfolioMichael M. Santiago/Getty Images

Is Robinhood stock fundamentally strong?Robinhood’s balance sheet, as of the quarter ending March 2026, shows total assets of $45.5 billion, up from $27.5 billion a year earlier. Shareholders’ equity climbed to $9.7 billion from $8 billion, and cash on hand grew to just over $5 billion. Retained earnings remain negative at about $1.8 billion. Still, that gap has narrowed sharply from -$3.7 billion a year ago, indicating the company is steadily working off past losses. Total revenue hit $1.07 billion for the March quarter, up more than 15% from a year earlier, with a gross margin near 94%. Related: Robinhood stock falls as company unveils $2 billion debt planOperating profit came in at $411 million, indicating a margin of over 38%. Net income landed at $346 million, translating to diluted earnings of $0.38 per share.Cash flow is where the turnaround shows up most clearly. Operating cash flow swung to a positive $2 billion in the March quarter after two straight negative quarters, and free cash flow followed suit, reaching about $2 billion. Capital spending remains minimal, under $10 million, which is normal for a software-driven brokerage with little physical infrastructure to maintain.Taken together, the picture points to a fundamentally strong company right now. Margins are high, revenue is growing at a double-digit pace, and cash generation has turned firmly positive after a rocky stretch tied to swings in trading-related working capital, a common pattern for brokerages during volatile markets.Robinhood still depends heavily on trading volume, which can cool off fast once markets calm down. But for now, the fundamentals and the Wall Street mood are pointing in the same direction.Is Robinhood stock undervalued?Analysts tracking Robinhood stock forecast revenue to increase from $4.47 billion in 2025 to $8 billion in 2029. In this period, adjusted earnings per share is estimated to expand to $4.67 from $2.34.If HOOD stock is priced at 30x forward earnings, which is reasonable given its growth rates, it could return 25% within the next three years. If the forward earnings multiple expands to 40x, HOOD stock could surge 67%. Out of the 19 analysts covering Robinhood stock, 16 recommend “buy” and three recommend “hold.”The average HOOD stock price target is $105, which is 7% lower than the current trading price. Related: Robinhood CEO launches bold agentic AI trading feature