In Episode 807 of DHUnplugged, titled 'MahJong and Markets,' hosts John C. Dvorak and Andrew Horowitz deliver a wide-ranging analysis of current business and technology news, with a focus on market anomalies and their implications. The episode, released June 23, 2026, covers SpaceX's post-IPO slide below $147, the death of former Federal Reserve Chairman Alan Greenspan at age 100, and a dramatic surge in RAM prices that is rattling PC buyers.
SpaceX, which recently went public, has seen its shares fall below $147, a key level that has sparked a new 'Closest to the Pin' contest among listeners. The hosts also discuss Elon Musk's $7.5 billion Tesla options cash-out, a $20 billion bond offering, and a $6.3 billion computing deal with Reflection AI at the Colossus 2 data center in Memphis. Horowitz frames Musk's deal-making as a game, noting, 'Someone said something very interesting today, that he sees these as points in a game, like points in a video game, tokens that you win. It's not real money.' This perspective underscores the potential risks for investors tracking Musk's ventures.
The memory market is experiencing a sharp price increase, with DDR5 RAM jumping from about $75 to $450. Dvorak warns that this defies the historical learning curve and could lead to brutal oversupply for companies like Micron, SanDisk, and Western Digital. Dell is reportedly quoting a $5,700 corporate desktop that costs $2,700 on its consumer site, highlighting the impact on enterprise buyers. For business leaders, this price surge may affect IT budgets and procurement strategies.
Other notable events include Alphabet's addition to the Dow Jones Industrial Average, replacing Verizon, which lifts the index's tech weighting from roughly 17% to 22%. The Korean KOSPI briefly plunged into correction territory overnight, and China's H-shares entered a bear market as retail sales contracted. These global shifts signal potential headwinds for investors with international exposure.
The hosts also revisit Greenspan's legacy, calling him a 'walking thesaurus' whose vocabulary once required decoding. His death marks the end of an era in monetary policy. Dvorak tracks insider selling across dozens of companies, describing his screen as a 'sea of red,' with Cantor Equity Partners (linked to Commerce Secretary Howard Lutnick) as the lone buy. This insider activity may signal caution for market participants.
Depth comes from the hosts' cyclical framework. Horowitz revisits his mattress-company thesis, pointing to Sleep Number (SNBR) collapsing from $140 to roughly ten cents, calling it a 'swing and a miss' short. They dig into Chris Bloomstrand's analysis of hyperscalers shifting from asset-light to asset-heavy models, Satya Nadella's comment that AI has become commoditized, Oracle cutting 21,000 jobs, Getty Images soaring 145% on an OpenAI licensing deal, and a Chevron-Microsoft 20-year natural gas power pact dubbed Project Kirby. They also flag the mahjong craze, citing Yelp's 4,400% search surge.
For business and technology leaders, this episode offers a skeptical, data-driven perspective on market trends that could influence investment decisions, supply chain planning, and strategic positioning in an increasingly volatile environment.
