Institutional investors may sell up to $165B in equities for Q2 rebalancing, while retail investors have poured $150B into equity ETFs over the past month. Significant corporate developments include SpaceX ($SPCX) signing a $6.3B compute deal with Reflection AI for Nvidia ($NVDA) chips, Palantir ($PLTR) securing a role in the U.S. Army’s NGC2 data layer, and Qualcomm ($QCOM) in talks to acquire AI startup Modular for $4B. Other notable activity includes Micron ($MU) partnering with Anthropic, Chevron ($CVX) signing a 20-year power deal with Microsoft ($MSFT), and high options volume in TSLA, NVDA, SPCX, AMZN, AAPL, GOOGL, MSFT, NFLX, INTC, and PLTR.