The latest episode of DHUnplugged, titled 'MahJong and Markets,' arrives June 23, 2026, with hosts John C. Dvorak and Andrew Horowitz dissecting a slate of market news that they argue signals one of the strangest stretches in years. The episode, now available on dhunplugged.com and streaming platforms, covers SpaceX's post-IPO slide under $147, the death of former Federal Reserve Chairman Alan Greenspan at age 100, and an eye-watering surge in RAM prices that is rattling PC buyers.
SpaceX shares have fallen below $147 following its initial public offering, while Elon Musk cashed out $7.5 billion in Tesla options and the company announced a $20 billion bond offering. A $6.3 billion computing deal with Reflection AI at the Colossus 2 data center in Memphis was also highlighted. Horowitz relayed a striking framing on Musk's deal-making: '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.' Dvorak, tracking insider selling across dozens of companies, observed that his screen is a 'sea of red,' with Cantor Equity Partners (linked to Commerce Secretary Howard Lutnick) as the lone buy.
RAM prices have exploded, with DDR5 memory jumping from about $75 to $450. Dell is quoting a $5,700 corporate desktop that costs $2,700 on its consumer site. Dvorak warned that memory pricing defies the historical learning curve and that Micron, SanDisk, and Western Digital could face brutal oversupply. The Korean KOSPI briefly plunged into correction territory overnight, and China's H-shares entered a bear market as retail sales contracted.
Alphabet is set to replace Verizon in the Dow Jones Industrial Average, lifting the index's tech weighting from roughly 17% to 22%. The hosts also revisited Greenspan's legacy, calling him a 'walking thesaurus' whose vocabulary once required decoding. Other stories include 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. Horowitz revisited his long-running mattress-company thesis, pointing to Sleep Number (SNBR) collapsing from $140 to roughly ten cents, calling it a 'swing and a miss' short. The hosts also flagged the mahjong craze, citing Yelp's 4,400% search surge.
For listeners, the episode underscores the importance of understanding these fast-moving stories. The implications for investors are significant: from volatile tech stocks and memory manufacturers to shifts in the Dow and AI commoditization, the market is entering uncharted territory. The episode is available now wherever podcasts are heard.
