Key Points:
Dilution Playbook: Retail Panic → Institutional Pricing → Post-Deal Bounce. Small investors sold Monday on dilution fears near $97, Goldman clients bought Tuesday at $95, and Intel shares recovered by mid-week.
Order Book: Intel's $20 billion offering drew more than $100 billion in institutional orders across four underwriters (Goldman, JPMorgan, Morgan Stanley, Citi), leaving the deal five times oversubscribed at the $95 price.
Dilution Outlook: If the Treasury continues to hold its 9.5% Intel stake without participating in future offerings, taxpayer exposure should compound across the 30 publicly traded companies now on the government's book, per Cato Institute research.
Position Confirmation: Intel fell roughly 4% Monday on dilution fears, rebounded off the $95 institutional pricing level Wednesday, and the government's original $8.9 billion stake now sits near $42 billion on an unrealized basis.
Monday morning, a phone rang on a Goldman Sachs trading desk. Then it rang again. And again. By lunch, orders for Intel stock crossed $100 billion. That was five times more shares than Intel was even selling.
Palantir Grew 1,540% This Company Did 32,481%
Anyone who invested in Palantir at its IPO in 2020 could be sitting on nearly 1,540% gains right now.
But that great return is already in the past, and the stock is now one of the S&P 500’s most expensive.
And while Palantir was climbing on the back of your public information, another company was redefining big data.
Mode Mobile has already delivered 32,481% revenue growth before even going public.
Mode has:
490M+ users
$1B+ paid to users
$115M+ in real revenue
Nasdaq ticker secured for potential IPO
Pre-IPO shares available for a limited time
Mode’s model pays users for their screen time and turns Big Tech’s free data mining play into a cash-generating engine for everyone.
Palantir now trades at ~85× forward earnings, which means Wall Street has already priced in massive expectations.
But Mode?
Still private.
That means the market hasn’t had its say yet.
Right now, investors can get Mode Mobile shares at early-stage pricing.
When the Nasdaq ticker potentially goes live, that window could close fast.
60,000+ shareholders have already invested over $100M in Mode, and pre-IPO shares are still available at $0.52/share.
But the opportunity to get in on that price closes on August 14.
Palantir’s moment has passed.
Mode’s may just be starting.
You weren't invited to that call. I wasn't either.
Here's what I can't stop thinking about. Retail investors spent all Monday dumping Intel stock. The shares fell almost 4%. The panic was simple. Intel had just announced a big stock sale. New shares coming to market. Existing owners get watered down when that happens. So small investors sold at $97, scared of getting diluted.
Tuesday, Intel priced the deal. $95 a share. A 6.5% discount off Friday's close. That price wasn't for you or me. It was for Goldman clients. JPMorgan clients. Morgan Stanley. Citi. Intel raised $20 billion in one shot. They upsized the deal from $15 billion because so many big funds wanted in.
Wednesday, the stock bounced.
Read that again. Retail sold at $97 in a panic on Monday. Big funds bought at $95 on Tuesday. The stock went up on Wednesday. Retail sold low. Funds got the sale price. Then everyone made money on the bounce. Everyone except the people who sold in a panic.
I've held stocks that did offerings before. Maybe you have too. It always feels like the whole board knew something you didn't. This week we got the receipts.
“Cobots” Are Transforming This $1T Market
The “Cobots” Your Favorite Restaurants Already Use
They're not replacing humans; they're working alongside them. That's the promise of "cobots," or collaborative robots.
NVIDIA CEO Jensen Huang called the robotics market "one of the largest industries ever." The cobot segment alone is projected to grow 15X by 2035.
NVIDIA collaborator Miso Robotics is already proving its value inside the $1T fast-food industry. Here's what today’s investment opportunity looks like:
Live traction: Flippy, Miso's famous AI fry station robot, has logged 200,000+ hours in real working kitchens for iconic brands like White Castle
Profit impact: Restaurants using Flippy can see profits increase up to 3X
Revenue potential: Flippy alone has an estimated $4B/year revenue opportunity in the US
Blue-chip validation: Ecolab, a global industry powerhouse, has already validated Miso with a critical investment
Patent portfolio: As you may have seen in the press, Miso just acquired 300+ patents from food-robotics pioneer Zume Pizza, growing its IP portfolio 10X and building what it believes is the largest AI and robotics patent portfolio in the food industry
Join Ecolab, NVIDIA, and 44,000 everyday investors who see where the fast-food industry is heading. Join them as an early-stage Miso shareholder today and unlock up to 7% bonus stock.
Here's how the game works. Intel needed cash. Big cash. So they hired four banks. Goldman. JPMorgan. Morgan Stanley. Citi. Late last week, those banks quietly called their biggest clients. Hedge funds. Sovereign wealth funds. Big mutual funds. The banks asked how much they would buy, and at what price. The book got built overnight. By Monday morning, the phones stopped ringing. The book was full.
Over $100 billion in orders. From four banks alone. Retail's allocation was zero.
Here's what worries me more. The U.S. government owns almost 10% of Intel. Your government. Our government. Bought last August at $20.47 a share. Paid $8.9 billion of taxpayer money for the stake.
That stake is worth about $42 billion today. On paper.
But Uncle Sam didn't buy any of the new $95 shares either. So the government's slice got watered down too. From 9.9% down to about 9.5%. Same treatment retail got. Diluted. Standing outside the room while Goldman's clients walked in.
I get it. The paper gains look huge. Nearly five times the money in about a year. But the government can't sell those shares. Doesn't vote against Intel's board. Didn't defend the position when the deal was cheap. The Treasury just sits and holds.
Think about it this way. If your neighbor bought a stock and it went up five times, would he not sell any? Would he not vote when the board handed out cheap shares? Would he just stand there quiet? That's what our government is doing with our money.
Now here's the part I don't think most people realize.
This is where Elon Musk is housing an AI technology that Jeff Brown believes will help power the next monster IPO on Wall Street.
You see, while everyone was distracted by the SpaceX IPO…
Elon Musk quietly started backing a NEW AI startup that has been called…
"The fastest-growing business in the history of capitalism."
This isn't just Intel. The government now holds stakes in 30 public companies. That's the count from the Cato Institute this week. MP Materials. Lithium Americas. Trilogy Metals. A golden share in U.S. Steel. Twenty-five more names on the list.
Each one is a setup like this waiting to happen again.
You and I hold Intel in our IRAs. In mutual funds. In pension money. And now the Treasury holds it too, on our behalf. When Wall Street ran the offering this week, both of us got the same seat. The kids' table.
Both of us watched Goldman's clients get the discount.
Nobody knows if Intel keeps climbing from here. Nobody knows what the government does with 30 stakes. Nobody knows if that number becomes 40 next year. But I know the pattern now. You know it too.
Picture a poker table. You're sitting there. Uncle Sam is in the next chair. Both of you looking at the cards you got dealt this week. Goldman is dealing the game. And somebody at that table already knows what's in your hand.
More on this tomorrow.
— Lauren
Editor, American Ledger
Disclosures
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
The gain figures are based on Palantir Technologies’ IPO in September 2020 and its share price as of August 4, 2026 close, using adjusted closing data from Yahoo Finance.
Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A Offering.
*Mode cumulative revenue includes full year revenue of businesses acquired in 2025.
*Disclaimer: This is a paid advertisement for Miso Robotics’ Regulation A offering. Please read the offering circular at invest.misorobotics.com.
