U.S. stock market opens mixed: Dow up 0.59%, S&P 500 up 0.2%, Nasdaq close to flat. SpaceX goes public today, RocketLab up 1.5%, Virgin Galactic down 14%, major tech stocks stable. SharonAl down 3.9%, as the company signs a six-year compute power partnership with Nvidia. While this deal seems bullish on the surface, the market is bearish: a six-year contract could lower profit margins and increase cash pressure; the agreement lacks clarity on compute power levels, and if it's just general compute power, the competitiveness is limited; there's uncertainty on whether the company's operations can absorb long-term costs; profit-taking triggered a sell-off, and the compute power supply has no competitive moat, raising long-term competition concerns.
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