🧾MARKET RECAP → The S&P 500 edged up about 0.91%, while the Dow Jones Industrial Average saw a gain near 1.43%. The Nasdaq Composite rose roughly 1.43%, supported by broad-based optimism around potential interest-rate cuts.

📌 XAI FUNDING COLOSSUS → xAI is targeting a massive $15 billion capital raise at ~$230 billion valuation, underscoring big bets on AI infrastructure — but also lighting up major valuation-risk flags.

📈 ALPHABET SURGE — CAUTION FIRST → Alphabet’s big AI bet is winning favor — yet the speed of the rally is triggering bubble alarms.

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For the week beginning November 24, 2025

📌 Big Raise in the Works: xAI — the AI firm founded by Elon Musk — is reportedly set to close a monumental ~$15 billion funding round in December. Sources say the raise targets a valuation of around $230 billion.

🧐 Why It Matters: This isn’t just a number — it reflects investor confidence (or frenzy) around AI infrastructure. The firm is expected to channel heavy investment into large-scale computing hardware (GPUs/data centres) to power its next-gen AI efforts.

⚠️ The Risks for Investors: Valuations at this level raise questions of timing and sustainability. Musk has cast doubt on previous reports about the round, and the execution risk of monetizing AI infrastructure remains elevated.

🧑‍⚖️ Civilian Vs Military: Sitting U.S. Senator Mark Kelly (D-AZ), a former Navy captain, is under investigation by the United States Department of Defense after appearing in a video with other lawmakers urging U.S. service members to “refuse illegal orders.” The probe could include recall to active duty under the Uniform Code of Military Justice (UCMJ).

🎬 Political Storm: Former President Donald Trump sharply condemned the video and the lawmakers involved—calling their action “seditious behavior … punishable by death.” In tandem, the Federal Bureau of Investigation is seeking interviews with the lawmakers, which critics say signals alarming politicization of federal power.

🧐 Constitutional Conflict: Experts say the situation underscores a fundamental clash: the oath to obey lawful orders versus congressional oversight of military deployment and action. The unusual overlap of military, legislative and executive domains raises concerns for text-book democratic safeguards.

TSMC stock falls as it sues former exec alleging he took trade secrets to Intel (CNBC)

Wall Street’s favorite holiday shopping stocks as Black Friday nears (CNBC)

Alibaba shares rise as AI drives 34% cloud sales jump (CNBC)

Sen. Mark Kelly faces Pentagon investigation for making video on refusing ‘unlawful orders’ (CNBC)

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