College football just went full Cracker Barrel $CBRL ( ▲ 3.88% ).

SMU’s attempt to retire its “Pony Up” rallying cry has sparked a fan revolt that’s more stubborn than its Shetland mascot. Social feeds, student government, and alumni wallets are all on the same page: these days, rebranding < tradition.

Finally, read to the end for the only thing sure in autumn besides pumpkin spice lattes…

— Brooks & Cas

Don't lose it tomorrow.

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$EA ( ▲ 14.87% ) Electronic Arts stock closes up 15% on report company near $50 billion deal to go private (CNBC)

$RH ( ▼ 4.17% ) RH Declines After Trump Threatens 50% Tariffs (Bloomberg)

$FUN ( ▲ 3.99% ) Six Flags stock rises after activist investor pushes real estate monetization (Investing.com)

$CLSK ( ▼ 5.26% ) Cleanspark Shares Dip Amid Insider Concerns (TipRanks)

$INTC ( ▲ 4.44% ) Intel Stock Is Soaring. This Chip Giant Could Be the Latest to Invest. (Barron’s)

CNBC: Core PCE inflation held at 2.9% in August, matching expectations, while spending and income slightly exceeded forecasts.

Reuters: President Trump signed an order approving TikTok’s $14B sale to US investors including Oracle $ORCL ( ▼ 2.7% ), Silver Lake, and Rupert Murdoch.

QZ: Millions of Amazon Prime members $AMZN ( ▲ 0.75% ) could get refunds of up to $51 each after the FTC’s $2.5B settlement.

Bloomberg: Trump will impose 100% tariffs on branded drugs starting Oct. 1 unless manufacturers are building US plants.

WSJ: The Trump administration plans tariffs on chipmakers that fail to match US production with imports under a proposed 1:1 rule.

In sourcing finance memes and thought leader hot takes for our Saturday Street Tweets round-up today, we stumbled across an eye-catching bit of Twitter analysis.

Andrew Wilkinson, founder of private-equity firm Tiny, trumpeted data-center operator IREN $IREN ( ▼ 9.57% ) as a “Picasso at a garage sale”. He argues the company’s power footprint — more than 2,900 megawatts, by his back-of-the-envelope calculations — could make it one of the largest AI data center players in the world. His price target, $300, implies a cool 625% upside from today’s close.

Of course, on Wall Street, the road to hell is paved with PE bros’ informal PTs. But as it turns out, Wilkinson isn’t the only market observer with IREN on his radar — and some bull cases have more going for them than “just math”.

Arete Research initiated coverage of IREN this week with a Buy rating and a $78 price target, implying 86% upside from today’s close. Not quite 625% — but nothing to scoff at either.

The firm agrees that IREN, which started as a crypto mining company, can convert thousands of megawatts of power across its US facilities into AI-ready data center capacity. It also noted IREN is taking active steps to fund its own data-center expansion and broaden its capacity.

Earlier this week, the company said it had doubled its AI cloud capacity by procuring 12,400 new GPUs. Management plans to operate with 20,000 GPUs in the near-term, but up to 60,000 in the long run — and they have a recent track record of overdelivering. IREN’s $187 million in revenue last quarter was up sharply from prior periods, and its earnings exceeded expectations by $0.02 per share.

IREN $IREN ( ▼ 9.57% ) is becoming one of 2025’s most-watched AI infrastructure stocks. The stock is already up about 300% year to date, fueled by data-center hype, after being named one of Nvidia’s $NVDA ( ▲ 0.28% ) “preferred partners” last month.

As with many AI plays, the risks are glaring: strong competition or a cooling cycle could dramatically slow growth.

But given IREN’s ambitious roadmap and cosign from the biggest company in the sector — not to mention the world — even the most bullish case may well be within the range of outcomes.

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Axios: A looming government shutdown could let Trump reshape the federal workforce permanently, with agencies preparing for layoffs.

CNBC: Chinese stocks are surging in 2025, with the Shanghai Composite at a decade high and Hang Seng up 30%.

Reuters: A US judge preliminarily approved Anthropic’s $1.5B settlement with authors over alleged copyright misuse in AI training.

WSJ: The EU aims to finalize trade agreements with the Philippines, Thailand, and Malaysia by 2027, following its Indonesia deal.

TechCrunch: Hyundai’s $HYMTF ( ▼ 7.44% ) air-taxi startup Supernal is facing more executive exits, deepening turmoil after its CEO and CTO resigned.

Put that in your Venti and drink it.

Washington gridlock is becoming as predictable as the seasons.

Anyone taking the under? 🤔

Are you bullish or bearish on Alphabet $GOOGL ( ▲ 0.31% ) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said: