SpaceX Picks Nvidia Over AMD, CVS Backs Lilly on GLP-1s | August 5, 2026 – Morning Market Briefing

Andrew, Ben, and Tom discuss SpaceX falling 11% despite laying out an ambitious AI and Starlink roadmap including Grok 5 trained on internal SpaceX data by year-end, 1.4GW of current compute growing toward 10GW by end of 2027, deploying NVL72-designed data centers on the ground rather than in space, boots on the moon by 2028, and the goal of scaling launch cadence to one per day in 2027, SpaceX's decision to go exclusively with Nvidia sending AMD down 9% despite good results and CPU acceleration while Arista Networks jumped 14% on accelerating networking demand tied to Nvidia, CVS raising guidance and re-adding Zepbound to its formulary while publicly backing Eli Lilly with expanded GLP-1 support, Lilly beating on stronger-than-expected GLP-1 pricing, Disney rising 4% on parks strength and a TikTok short-form video partnership, Uber slipping despite record first-time user additions, and the JOLTS report showing softer job openings but likely not a signal Warsh will weigh. Join our live YouTube stream Monday through Friday at 8:30 AM EST: http://www.youtube.com/@TheMorningMarketBriefing Please see disclosures: https://www.narwhal.com/disclosure