Morning Minute: Citadel Cautions Against the AI Trade Ahead of SpaceX IPO
Citadel Securities warned that AI adoption may be slowing as enterprises focus on high token and compute costs, suggesting frontier AI could become concentrated among only the best-capitalized firms. That concern comes as a major IPO wave approaches, with SpaceX expected to debut first and the market using it as a sentiment test for the broader AI trade. In crypto and AI, Tether led a $1.4 billion round for German humanoid robotics company NEURA Robotics, with Nvidia and Amazon also participating, signaling stablecoin profits are being recycled into physical AI and robotics. Mastercard also launched Agent Pay, enabling AI agents to make purchases and settle payments through cards, bank accounts, or stablecoins, in partnership with Coinbase, Ripple, and Solana. Solana further expanded its mainstream push by becoming a World Series of Poker sponsor, with SOL and stablecoin payments now accepted for tournament buy-ins and payouts.
