Episode 807 of DHUnplugged, titled "MahJong and Markets," hosted by John C. Dvorak and Andrew Horowitz, arrives June 23, 2026, with a packed slate of market news. The duo announces a new Closest to the Pin contest for SpaceX shares, eulogizes former Federal Reserve Chairman Alan Greenspan (who died at 100), and dissects the eye-watering surge in RAM prices rattling PC buyers.
SpaceX's stock has slid below $147 after its IPO, while Elon Musk cashed out $7.5 billion in Tesla options. The company also launched a $20 billion bond offering and signed a $6.3 billion computing deal with Reflection AI at the Colossus 2 data center in Memphis. Meanwhile, Alphabet is set to replace Verizon in the Dow Jones Industrial Average, lifting the index's tech weighting from roughly 17% to 22%.
RAM prices have exploded, with DDR5 modules jumping from about $75 to $450. Dell is quoting a $5,700 corporate desktop that costs $2,700 on the consumer site, reflecting supply chain strains. The Korean KOSPI briefly plunged into correction territory overnight, and China's H-shares entered a bear market as retail sales contracted.
The hosts offer their signature skeptical take. On Musk's deal-making, Horowitz relays a striking framing: "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, observes a "sea of red" on his screen, with Cantor Equity Partners (linked to Commerce Secretary Howard Lutnick) as the lone buy.
The pair also revisit Greenspan's legacy, calling him a "walking thesaurus." 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. Dvorak warns that memory pricing defies the historical learning curve, potentially hitting Micron, SanDisk, and Western Digital with brutal oversupply.
Other topics 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. The hosts also flag the mahjong craze, citing Yelp's 4,400% search surge.
Listeners can access the episode at dhunplugged.com and on Spotify, Amazon Music, Apple Podcasts, and RSS.
