Wrap Nth America

Fed holds rates; AI stocks face higher capital costs & potential valuation dips. NVDA P/E 35.6, GOOGL 26.6.

Pallet PPI & packaging paper shipments rise, signaling freight demand up 4% YoY. Mills at 84% capacity. Good for Q2/Q3.

MSFT, AVGO, META down 25%+! AI leaders trade at bargain valuations, offering massive rebound potential.

SpaceX eyes $75B IPO at $1.75T valuation for orbital data centers, a bold bet on future tech.

Navan director buys $1.2M shares, nearly doubling his stake. Stock's P/S near yearly low, but losses mount.

AI stocks like NVDA surge, but traders eye bubble burst risks. Valuations are sky-high.

EverCommerce President sold 20K shares ($229K), maintaining 2.3M+ shares. High P/E (115) suggests selling now.