HAPPY MONDAY TO THE STREET

One Disney (DIS) tech employee invoked Claude over 460,000 times in nine workdays, burning through 234.2 million tokens. The Mouse House's "AI Adoption Dashboard," with streaks and milestones to unlock, has quietly become a tokenmaxxing leaderboard. Estimated combined AI bill across 4,800 employees? Around $812,000, or roughly the price of churros at the park.

Mickey Mouse? More like MickAI Mouse.

  • 🟩 | US stocks ticked up today, enough to nudge the S&P 500 and Nasdaq Composite to new records, as the White House weighed Iran’s proposal to reopen the Strait.

  • 📈 | One Notable Gainer: Snap (SNAP) surged after Rothschild & Co Redburn upgraded shares to Buy and doubled its price target.

  • 📉 | One Notable Decliner: POET Technologies (POET) plunged nearly 50% after Marvell (MRVL) unit Celestial AI canceled all purchase orders.

— Brooks & Cas

MARKET SNAPSHOT

S&P 500 Heatmap. Credit: Unusual Whales

WHICH TV SHOWS WILL BE CANCELLED THIS YEAR?

Both President and First Lady Trump are publicly demanding Disney and ABC fire Jimmy Kimmel after the comedian took a jab at Melania. Kalshi traders are now repricing the odds that his show is canceled this year.

However, evidently, even the wrath of the White House isn’t enough to make Kimmel’s late night show less popular than Seth Meyers’…

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Market Movers

LIONSGATE, DOMINO’S, ORGANON

📈 | Lionsgate Studios (LION) rose on a record-breaking opening weekend for Michael.

📉 | Domino's Pizza (DPZ) dropped after Q1 same-store sales missed and the company cut full-year guidance.

📈 | Organon (OGN) jumped after Sun Pharmaceutical announced an acquisition deal.

📉 | Advanced Micro Devices (AMD) fell after Northland downgraded shares to Market Perform.

📈 | Oruka Therapeutics (ORKA) climbed on positive interim Phase 2a results for its plaque psoriasis treatment.

Tomorrow's Trade Idea, Today

SOLVING THE RUBRIK CUBE

Stock Spotlight

  • Stock: Rubrik (RBRK)

  • Firm: Jefferies (JEF)

  • Current Price: $54

  • Price Target: $65

  • Implied Upside: 20%

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Discount Recovery

Cybersecurity's ugly year just ran into a credible bull. Joseph Gallo thinks Rubrik is mispriced after a brutal slide, with the data resilience name poised to ride ransomware fears, SaaS sprawl, and exploding data growth straight through the end of the decade.

Assume Breach

According to Gallo, backup and recovery has evolved into "cyber resilience," widening the buyer pool from IT departments to chief information security officers. That broader market is projected to nearly triple by 2034, reaching roughly $700 billion.

Gallo expects Rubrik to sustain subscription annual recurring revenue growth above 20%, fueled by SaaS plans, cloud data protection, and AI deployment tools.

Street's All In

Rubrik still lags peers on operating profitability, but Gallo sees a clear path to closing the gap. Of the 27 analysts covering the stock, 26 rate it Buy or Strong Buy, with one Hold and zero Sells. The bargain bin, bull say, is exactly where recovery starts.

Do you own any shares of Rubrik (RBRK)?

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OVERHEARD ON THE STREET

🛢️ | Iran offered to reopen the Strait of Hormuz if the US lifts its blockade and ends the war.

🤝 | OpenAI and Microsoft (MSFT) cut a new deal letting OpenAI sell across any cloud provider and capping its revenue share through 2030.

📱 | OpenAI is also reportedly tapping Qualcomm (QCOM) and MediaTek to develop AI-first smartphone processors for a 2028 launch.

💾 | Melius initiated Micron (MU) and Sandisk (SNDK) at Buy, projecting that AI will buoy memory stocks through the end of the decade, sending shares surging.

🎲 | Kalshi and Polymarket are reportedly planning to launch perpetual futures contracts in the US, raising fears of disruption to the crypto sector.

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FRIDAY’S POLL RESULTS

Do you own any shares of Sony Group (SONY)?

▇▇▇▇▇▇ 🐂 Yup, I’m holding

▇▇▇▇▇▇ 🐻 Nope, not interested

▇▇▇▇▇▇ 👀 No, but I’m interested

And, in response, you said:

  • 🐻 Nope, not interested — “Gaming, either AI or traditional, sounds like a volatile market. Particularly in the setting of the big changes AI introduces.”

  • 👀 No, but I’m interested — “No harm in seeking more info.”

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