On today's episode of Asking for a Trend, Host Josh Lipton breaks down the latest market trends, from the AI race to a spike in call option volumes for US mega-cap growth and tech stocks.

As AI continues to push the market to new heights, Foundry Founder and CEO Jared Quincy Davis argues that GPU is one of the most important commodities and that the AI sector is currently experiencing a GPU underutilization issue. He points to compound AI systems as evidence of this underestimation: "[It] hasn't been priced in yet, but we're seeing demand from all sectors, from enterprises who are finding in many cases productive use cases for AI that they're putting in production now more and more, but also from startups, both application companies using AI for end applications."

Yahoo Finance's Jared Blikre then gives three key takeaways from the trading day. He explains that stock market leadership is in flux, as the energy sector is on the rise. He also notes that July is historically a positive month for the Nasdaq (^IXIC). Finally, he points to bitcoin (BTC-USD) facing its "Mt. Gox cliff" as the former cryptocurrency exchange is set to distribute 140,000 as part of its bankruptcy agreement.

As part of Yahoo Finance's Space Race: Investing in the Final Frontier special, Voyager Space Co-Founder and President Matthew Kuta joins Brad Smith to discuss the future of private sector operators in the space economy. "If you go back to the time of the space shuttle, to launch a kilogram into space was incredibly expensive, like $1 million. And now as commercialization has taken hold, launching mass into orbit, the order of a kilogram is much less, you know, $1,000," Kuta explains. "So a lot of business models start to close now, now that you can actually get stuff to orbit, much more cost-effective. And then now that we're able to have these business models that actually close, you're actually able to use space not just for space, but space to improve humanity here on Earth."

Catch up on more of Yahoo Finance's special space coverage as part of this week's Space Race: Investing in the Final Frontier series.

Finally, In a new note, Deutsche Bank highlights the upward spike in call option volumes for US mega-cap growth and tech stocks. Yahoo Finance's Julie Hyman breaks down the net call volume in the chart weighed against the rest of the S&P 500 (^GSPC).

This post was written by Melanie Riehl