Zaid Admani

In fact, they already have satellites in orbit and they have contracts with cellular networks all over the world.

But now that same satellite technology could potentially be used for military use where low Earth orbit satellite networks are becoming a big priority.

As a result, AST shares are up more than 70%.

On the flip side, energy stocks like Vistra and Constellation Energy are taking a hit after President Trump announced a plan to shake up wholesale electricity markets.

His plan is specifically aimed at slowing the cost of power bills for Americans as big tech companies ramp up energy-hungry AI data centers.

Under this plan, the grid operator PJM Interconnection, which controls wholesale electricity markets across much of the Northeast and Midwest, would sell energy to big tech giants and lock into a 15-year power contract instead of the current pay-as-you-go system.

These long-term contracts would help fund about $15 billion in new power generation projects, according to the White House, and it gives tech companies guaranteed power supply for AI while taking pressures off of consumer electricity bills.

So that's bad for companies like Vistra and Constellation, which have benefited from tight supply and volatile electricity pricing.

Locking in long-term contracts at a set price caps their upside.

So as a result, shares of Vistra are down 6% and Constellation Energy is down 10%.

Let's wrap the show with a fun fact.

Wall Street banks just had their biggest trading year ever.

In 2025, the largest US banks pulled in a record $134 billion in trading revenue, which is the most ever recorded.

The reason for the big surge in trading revenue is increased volatility.

More volatility is good for traders.

And last year, we had plenty of volatility.

Remember, there was Trump's tariff drama back in April.

Then there was nonstop policy uncertainty where markets got whiplash.

So investors were constantly repositioning their portfolios and taking out hedges.

And all of that is good for trading desk at these banks.