One Very Expensive Disagreement…

SpaceX shares touched $110.85 this week — 18% below the IPO price, and closing in on a level Morgan Stanley says would mean the market is assigning zero, or even negative, value to the company’s entire AI business.

Grok. Cursor. All of it. Worth nothing, at $100 a share.

Morgan Stanley’s Adam Jonas — one of the most bullish analysts covering the stock — says that math is wrong, and that the gap between where the stock trades and where he thinks it should trade is really a referendum on how much investors trust an AI segment they’ve mostly written off.

Tonight’s Starship launch may move the stock. But the bigger question is whether Wall Street is underestimating what comes after.

Here’s the full picture. ⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

The Valuation Math.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

The Heart of Jonas’s Bull Case:

✱ Jonas isn’t just saying the stock is cheap.

He’s identifying exactly which part of the bear case is doing the work:
→ not skepticism about Starlink or launch — those businesses have real, visible revenue
→ but skepticism specifically about whether Grok and Cursor generate enough value to justify their share of a $300 target.

If that AI skepticism is wrong, or premature, the stock has real room to run.
If it’s right, $100 might not even be the floor.

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

The Other Story This Week↓

Meanwhile… SpaceX is turning away customers—on purpose.

According to Bloomberg, the company has begun turning away satellite operators looking to book dedicated Falcon 9 launches beyond 2028 and has stopped accepting new reservations for its Falcon 9 rideshare program altogether. It’s also reportedly winding down production of several non-reusable Falcon components, including the rocket’s upper stage.

That’s a remarkable decision. Falcon 9 is the rocket that works today. It’s reliable, profitable, and generates the launch revenue investors already understand. SpaceX is deliberately pulling back from that business to free up people, manufacturing capacity, and capital for Starship—a rocket that is still in testing.

The message is hard to miss: Falcon 9 pays today’s bills. Starship is supposed to pay tomorrow’s.

Choosing tomorrow before it’s fully arrived is a bold bet.
It’s also why tonight’s launch matters far more than a typical test flight.
Every successful mission makes that transition easier.→ Every delay makes it more expensive.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

Despite Everything…

The stock has fallen sharply. Analyst expectations haven’t.

The average Wall Street price target still sits around $232—more than double where SpaceX recently traded. Morgan Stanley remains the most optimistic major voice, but it’s hardly alone. None of the five banks that helped bring SpaceX public have materially backed away from their outlook despite the recent decline.

That disconnect is becoming one of the more interesting parts of the story.

This Isn’t Just A SpaceX Story.

SpaceX has become another casualty of a broader shift in investor sentiment.

Across the market, companies pouring billions into AI infrastructure have faced growing skepticism over when—or if—that spending will produce meaningful returns. The pressure has extended well beyond SpaceX, hitting several of the market’s largest technology names. Microsoft, Amazon, and other Magnificent Seven names have all faced the same skepticism.

Add rising oil prices, inflation concerns, and renewed geopolitical tensions, and it’s been a difficult backdrop for growth stocks in general.

SpaceX has its own company-specific story—but it’s also swimming against a much stronger current.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

One Very Expensive Disagreement…

SpaceX shares touched $110.85 this week — 18% below the IPO price, and closing in on a level Morgan Stanley says would mean the market is assigning zero, or even negative, value to the company’s entire AI business.

Grok. Cursor. All of it. Worth nothing, at $100 a share.

Morgan Stanley’s Adam Jonas — one of the most bullish analysts covering the stock — says that math is wrong, and that the gap between where the stock trades and where he thinks it should trade is really a referendum on how much investors trust an AI segment they’ve mostly written off.

Tonight’s Starship launch may move the stock. But the bigger question is whether Wall Street is underestimating what comes after.

Here’s the full picture. ⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

The Valuation Math.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

The Heart of Jonas’s Bull Case:

✱ Jonas isn’t just saying the stock is cheap.

He’s identifying exactly which part of the bear case is doing the work:
→ not skepticism about Starlink or launch — those businesses have real, visible revenue
→ but skepticism specifically about whether Grok and Cursor generate enough value to justify their share of a $300 target.

If that AI skepticism is wrong, or premature, the stock has real room to run.
If it’s right, $100 might not even be the floor.

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

The Other Story This Week↓

Meanwhile… SpaceX is turning away customers—on purpose.

According to Bloomberg, the company has begun turning away satellite operators looking to book dedicated Falcon 9 launches beyond 2028 and has stopped accepting new reservations for its Falcon 9 rideshare program altogether. It’s also reportedly winding down production of several non-reusable Falcon components, including the rocket’s upper stage.

That’s a remarkable decision. Falcon 9 is the rocket that works today. It’s reliable, profitable, and generates the launch revenue investors already understand. SpaceX is deliberately pulling back from that business to free up people, manufacturing capacity, and capital for Starship—a rocket that is still in testing.

The message is hard to miss: Falcon 9 pays today’s bills. Starship is supposed to pay tomorrow’s.

Choosing tomorrow before it’s fully arrived is a bold bet.
It’s also why tonight’s launch matters far more than a typical test flight.
Every successful mission makes that transition easier.→ Every delay makes it more expensive.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

Despite Everything…

The stock has fallen sharply. Analyst expectations haven’t.

The average Wall Street price target still sits around $232—more than double where SpaceX recently traded. Morgan Stanley remains the most optimistic major voice, but it’s hardly alone. None of the five banks that helped bring SpaceX public have materially backed away from their outlook despite the recent decline.

That disconnect is becoming one of the more interesting parts of the story.

This Isn’t Just A SpaceX Story.

SpaceX has become another casualty of a broader shift in investor sentiment.

Across the market, companies pouring billions into AI infrastructure have faced growing skepticism over when—or if—that spending will produce meaningful returns. The pressure has extended well beyond SpaceX, hitting several of the market’s largest technology names. Microsoft, Amazon, and other Magnificent Seven names have all faced the same skepticism.

Add rising oil prices, inflation concerns, and renewed geopolitical tensions, and it’s been a difficult backdrop for growth stocks in general.

SpaceX has its own company-specific story—but it’s also swimming against a much stronger current.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

We’ve Seen This Movie Before…

US midterm elections are right around the corner, and Washington is already loud about it. Historically, markets don’t love that noise.

Oddly enough, they’ve loved what comes next.

But the data on what happens right after the noise stops is remarkably consistent

Here’s the historical pattern, what may actually be driving it, and why prediction markets are turning election season into their next big business.

⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

18/18… 

✱ The market has seen 18 post-midterm years since 1954.

Every single post-midterm 12-month period since 1954 has produced a positive S&P 500 return — a perfect historical streak.

That’s either an incredible coincidence—or one of Wall Street’s most reliable patterns.

The Four-Year Cycle, Mapped Out

If midterm years feel harder to sit through, the data says you’re not imagining it.
They have historically produced the biggest drawdowns and highest volatility of the four-year cycle, according to LPL’s Jeff Buchbinder.

The twist? They’ve also tended to set the stage for the strongest year that follows.

Buchbinder argues the pattern has less to do with politics than with uncertainty.

→ Once the election is over, investors have a clearer view of the policy landscape and tend to shift their focus back to earnings, economic growth, and interest rates.

✱ In other words, it’s the uncertainty—not the outcome—that markets have historically been pricing.

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Base Case?

✱ Buchbinder’s broader point isn’t political.

It isn’t a prediction about who wins. It’s about that markets have historically cared more about uncertainty disappearing than which party ends up in charge.

→  LPL’s most likely scenario is a divided Congress, ending the current single-party control of both chambers.

→  That usually means fewer sweeping policy changes—but more recurring battles over government funding, the debt ceiling, and other fiscal deadlines.

→  With Congress more likely to stall, executive orders and regulators often take on a bigger role, since they don’t require approval from both chambers.

Source: LPL Financial · July 2026

“Midterm years may test investors’ patience, but they may reward discipline.” — Jeff Buchbinder

! Buchbinder’s message: don’t spend your energy trying to predict election winners. History suggests investors have been better served preparing for volatility—and staying ready once the uncertainty begins to fade.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

Meanwhile…↓

Meanwhile… one company is betting election season is becoming its own asset class.

This week, Kalshi launched a dedicated Midterms Hub, combining live odds, polling, fundraising data, and historical election results. The goal isn’t just to attract traders—it’s to become the place people visit to see how the political race is shifting in real time.

The timing isn’t accidental.

Kalshi added 3 million users during the 2026 FIFA World Cup. More than $1.2 billion was traded on the tournament winner alone—a company record—while an estimated $40 billion flowed through sports markets overall, according to Ticker Tracker.

The Midterms Hub is Kalshi’s attempt to prove that election season can attract the same kind of attention.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

⚠️ The Regulatory Friction Is Real

Kalshi’s expansion into political markets is arriving just as regulators are taking a harder look at the industry.

A congressional investigation into potential insider trading on prediction markets is ongoing. This week, Wisconsin’s election commission warned residents that betting on races they’re eligible to vote in could violate state law and even jeopardize their ballots. Washington state has already blocked Kalshi’s event contracts, while Massachusetts, Michigan, and Nevada have secured similar injunctions. Kalshi disputes those interpretations, calling Wisconsin’s warning unconstitutional.

The irony: the company is betting big on election markets just as regulators are trying to narrow what those markets can offer.

Source: Bloomberg

🤔 How “wise” is the crowd?

Prediction markets are often praised as the “wisdom of the crowd’“. Research suggests the reality may be a little different.

A working paper from Yale University and London Business School found that roughly 3% of traders account for most of the market’s predictive accuracy by pushing prices toward the correct outcome. As the researchers put it, “the remaining majority does not produce accuracy; rather, it funds it.”

That lines up with Kalshi’s own data: 75% of visitors never place a trade at all. The crowd may matter—but the prices themselves appear to be shaped by a relatively small group of informed participants.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

We’ve Seen This Movie Before…

US midterm elections are right around the corner, and Washington is already loud about it. Historically, markets don’t love that noise.

Oddly enough, they’ve loved what comes next.

But the data on what happens right after the noise stops is remarkably consistent

Here’s the historical pattern, what may actually be driving it, and why prediction markets are turning election season into their next big business.

⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

18/18… 

✱ The market has seen 18 post-midterm years since 1954.

Every single post-midterm 12-month period since 1954 has produced a positive S&P 500 return — a perfect historical streak.

That’s either an incredible coincidence—or one of Wall Street’s most reliable patterns.

The Four-Year Cycle, Mapped Out

If midterm years feel harder to sit through, the data says you’re not imagining it.
They have historically produced the biggest drawdowns and highest volatility of the four-year cycle, according to LPL’s Jeff Buchbinder.

The twist? They’ve also tended to set the stage for the strongest year that follows.

Buchbinder argues the pattern has less to do with politics than with uncertainty.

→ Once the election is over, investors have a clearer view of the policy landscape and tend to shift their focus back to earnings, economic growth, and interest rates.

✱ In other words, it’s the uncertainty—not the outcome—that markets have historically been pricing.

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Base Case?

✱ Buchbinder’s broader point isn’t political.

It isn’t a prediction about who wins. It’s about that markets have historically cared more about uncertainty disappearing than which party ends up in charge.

→  LPL’s most likely scenario is a divided Congress, ending the current single-party control of both chambers.

→  That usually means fewer sweeping policy changes—but more recurring battles over government funding, the debt ceiling, and other fiscal deadlines.

→  With Congress more likely to stall, executive orders and regulators often take on a bigger role, since they don’t require approval from both chambers.

Source: LPL Financial · July 2026

“Midterm years may test investors’ patience, but they may reward discipline.” — Jeff Buchbinder

! Buchbinder’s message: don’t spend your energy trying to predict election winners. History suggests investors have been better served preparing for volatility—and staying ready once the uncertainty begins to fade.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

Meanwhile…↓

Meanwhile… one company is betting election season is becoming its own asset class.

This week, Kalshi launched a dedicated Midterms Hub, combining live odds, polling, fundraising data, and historical election results. The goal isn’t just to attract traders—it’s to become the place people visit to see how the political race is shifting in real time.

The timing isn’t accidental.

Kalshi added 3 million users during the 2026 FIFA World Cup. More than $1.2 billion was traded on the tournament winner alone—a company record—while an estimated $40 billion flowed through sports markets overall, according to Ticker Tracker.

The Midterms Hub is Kalshi’s attempt to prove that election season can attract the same kind of attention.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

⚠️ The Regulatory Friction Is Real

Kalshi’s expansion into political markets is arriving just as regulators are taking a harder look at the industry.

A congressional investigation into potential insider trading on prediction markets is ongoing. This week, Wisconsin’s election commission warned residents that betting on races they’re eligible to vote in could violate state law and even jeopardize their ballots. Washington state has already blocked Kalshi’s event contracts, while Massachusetts, Michigan, and Nevada have secured similar injunctions. Kalshi disputes those interpretations, calling Wisconsin’s warning unconstitutional.

The irony: the company is betting big on election markets just as regulators are trying to narrow what those markets can offer.

Source: Bloomberg

🤔 How “wise” is the crowd?

Prediction markets are often praised as the “wisdom of the crowd’“. Research suggests the reality may be a little different.

A working paper from Yale University and London Business School found that roughly 3% of traders account for most of the market’s predictive accuracy by pushing prices toward the correct outcome. As the researchers put it, “the remaining majority does not produce accuracy; rather, it funds it.”

That lines up with Kalshi’s own data: 75% of visitors never place a trade at all. The crowd may matter—but the prices themselves appear to be shaped by a relatively small group of informed participants.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

SpaceX Bulls, Bears… Mark Your Calendar

Musk says the shorts won’t survive. The shorts have never been bigger…

Last week, Elon Musk warned that firms maintaining large short positions in SpaceX faced a “very low” survival probability. Wall Street’s response? Short sellers added roughly 21 million more shares to their bearish bets. Today, nearly one-third of SpaceX’s tradable float is sold short.

Now the calendar gets involved.

SpaceX reports earnings on August 4. The first lockup expires 48 hours later, potentially releasing $116 billion worth of shares into the market—more market value than currently exists in the company’s entire public float.

The debate around SpaceX is about to meet its biggest test yet.

Here’s what happened. ⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

The shorts exploded… 

✱ A fivefold increase in just one month suggests this wasn’t a reaction—it was preparation.

Bears have been steadily adding to their positions ahead of earnings and the lockup, betting those two events could reshape the stock’s next move.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

How far has it actually fallen?

SpaceX almost got cut in half.

→ The drawdown, measured two honest ways:

✱ The exact percentage depends on where you start the stopwatch. Some measure the drop from SpaceX’s intraday peak, others from its highest close. Either way, the conclusion barely changes: the stock has erased nearly half of its post-IPO value.

Tuesday offered a brief reprieve. Shares climbed about 3% to $123.54, snapping a seven-session losing streak, but they remain below the $135 IPO price set just over a month ago.

The decline has reshuffled more than the chart. During the slide, Meta overtook SpaceX in market value—roughly $1.64 trillion versus $1.59 trillion—while Elon Musk’s net worth has fallen from more than $1 trillion on IPO day to about $786 billion, according to Forbes.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

What Happens After Earnings↓

SpaceX’s current tradable float is only around 640 million shares — roughly 5% of the more than 13 billion shares outstanding.

On August 6, the second trading day after earnings, approximately 911.5 million shares — worth about $116 billion at current prices — become eligible for sale.

That single unlock is worth more than the entire float trading today.

A further 455.8 million shares could unlock if the stock trades above $175.50 for 5 of 10 days around the earnings date — a bar that currently looks well out of reach given the stock trades around $123.

✱ SpaceX intentionally built a staggered release schedule rather than using the standard 180-day IPO lockup, allowing the float to grow in stages instead of all at once. Musk’s shares—and those of a handful of other insiders—remain locked until 2027.

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Is This Actually A Trap For Short Sellers?

What favors a squeeze?

→ 32% of the float is sold short—an unusually crowded trade that could unwind quickly.
→ A stronger-than-expected earnings report on August 4 could force bears to buy shares back.
→ Macquarie still calls the recent selloff a “buying opportunity” and maintains its Outperform rating.
→ BofA’s Ronald Epstein expects losses to improve to -$0.16 per share, versus -$0.34 a year ago.

What works against a squeeze?

→ Two days after earnings, the tradable float is set to expand dramatically.
→ More shares available means more shares to borrow, easing one of the key pressures that fuels a classic short squeeze.
→In other words, the stock could surprise—but the market structure becomes less favorable for trapping shorts.

The shorts may have one problem. They also have one advantage.

The problem: nearly one-third of SpaceX’s float is sold short. A strong earnings report could force a rush for the exits.

The advantage: the lockup that follows would add hundreds of millions of shares to the tradable float, making stock easier to borrow and reducing one of the classic ingredients for a prolonged squeeze.

The irony is that the same week that could pressure shorts also makes the stock easier to short.

Meanwhile, the rocket keeps getting delayed.

→ Separately, a Falcon 9 mission carrying 24 Starlink satellites was also scrubbed. None of the delays suggest a major technical failure, but they’re arriving at an awkward moment—just as investors prepare for SpaceX’s first earnings report and debate whether the recent selloff has gone too far.

Wall Street Isn’t Giving Up On SpaceX.

Despite the stock’s sharp decline, analysts haven’t followed it lower.

→ The median price target remains $226—about 77% above Tuesday’s close.

Bank of America’s Ronald Epstein is looking beyond the upcoming earnings report, pointing to orbital computing—processing data in space—as one of the company’s next long-term growth opportunities.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

SpaceX Bulls, Bears… Mark Your Calendar

Musk says the shorts won’t survive. The shorts have never been bigger…

Last week, Elon Musk warned that firms maintaining large short positions in SpaceX faced a “very low” survival probability. Wall Street’s response? Short sellers added roughly 21 million more shares to their bearish bets. Today, nearly one-third of SpaceX’s tradable float is sold short.

Now the calendar gets involved.

SpaceX reports earnings on August 4. The first lockup expires 48 hours later, potentially releasing $116 billion worth of shares into the market—more market value than currently exists in the company’s entire public float.

The debate around SpaceX is about to meet its biggest test yet.

Here’s what happened. ⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

The shorts exploded… 

✱ A fivefold increase in just one month suggests this wasn’t a reaction—it was preparation.

Bears have been steadily adding to their positions ahead of earnings and the lockup, betting those two events could reshape the stock’s next move.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

How far has it actually fallen?

SpaceX almost got cut in half.

→ The drawdown, measured two honest ways:

✱ The exact percentage depends on where you start the stopwatch. Some measure the drop from SpaceX’s intraday peak, others from its highest close. Either way, the conclusion barely changes: the stock has erased nearly half of its post-IPO value.

Tuesday offered a brief reprieve. Shares climbed about 3% to $123.54, snapping a seven-session losing streak, but they remain below the $135 IPO price set just over a month ago.

The decline has reshuffled more than the chart. During the slide, Meta overtook SpaceX in market value—roughly $1.64 trillion versus $1.59 trillion—while Elon Musk’s net worth has fallen from more than $1 trillion on IPO day to about $786 billion, according to Forbes.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

What Happens After Earnings↓

SpaceX’s current tradable float is only around 640 million shares — roughly 5% of the more than 13 billion shares outstanding.

On August 6, the second trading day after earnings, approximately 911.5 million shares — worth about $116 billion at current prices — become eligible for sale.

That single unlock is worth more than the entire float trading today.

A further 455.8 million shares could unlock if the stock trades above $175.50 for 5 of 10 days around the earnings date — a bar that currently looks well out of reach given the stock trades around $123.

✱ SpaceX intentionally built a staggered release schedule rather than using the standard 180-day IPO lockup, allowing the float to grow in stages instead of all at once. Musk’s shares—and those of a handful of other insiders—remain locked until 2027.

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Is This Actually A Trap For Short Sellers?

What favors a squeeze?

→ 32% of the float is sold short—an unusually crowded trade that could unwind quickly.
→ A stronger-than-expected earnings report on August 4 could force bears to buy shares back.
→ Macquarie still calls the recent selloff a “buying opportunity” and maintains its Outperform rating.
→ BofA’s Ronald Epstein expects losses to improve to -$0.16 per share, versus -$0.34 a year ago.

What works against a squeeze?

→ Two days after earnings, the tradable float is set to expand dramatically.
→ More shares available means more shares to borrow, easing one of the key pressures that fuels a classic short squeeze.
→In other words, the stock could surprise—but the market structure becomes less favorable for trapping shorts.

The shorts may have one problem. They also have one advantage.

The problem: nearly one-third of SpaceX’s float is sold short. A strong earnings report could force a rush for the exits.

The advantage: the lockup that follows would add hundreds of millions of shares to the tradable float, making stock easier to borrow and reducing one of the classic ingredients for a prolonged squeeze.

The irony is that the same week that could pressure shorts also makes the stock easier to short.

Meanwhile, the rocket keeps getting delayed.

→ Separately, a Falcon 9 mission carrying 24 Starlink satellites was also scrubbed. None of the delays suggest a major technical failure, but they’re arriving at an awkward moment—just as investors prepare for SpaceX’s first earnings report and debate whether the recent selloff has gone too far.

Wall Street Isn’t Giving Up On SpaceX.

Despite the stock’s sharp decline, analysts haven’t followed it lower.

→ The median price target remains $226—about 77% above Tuesday’s close.

Bank of America’s Ronald Epstein is looking beyond the upcoming earnings report, pointing to orbital computing—processing data in space—as one of the company’s next long-term growth opportunities.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Time To Retire?

Scott Chronert of Citi says the label no longer describes where AI leadership actually is. In a note to clients this week, he argued the term has become “misleading” as the AI trade broadens beyond its original seven members.

Ten days ago, we showed you the same trend: five of the Magnificent Seven were lagging the S&P 500, while their valuation premium had fallen to its lowest level in a decade.

Chronert’s conclusion goes one step further.

The biggest AI winners may no longer all be in the original club.

Here’s what happened. ⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

The Club Isn’t Exclusive Anymore… 

✱ Chronert is arguing that the Magnificent Seven have lost their monopoly.

He thinks that lens has become too narrow.

His argument is that some of the biggest earnings winners from AI aren’t in the original group at all.

Companies such as Broadcom, Micron, and AMD have become critical beneficiaries of the AI infrastructure buildout, making the old “Mag Seven vs. everyone else” framework increasingly misleading.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

AI Spending Stopped Being a Free Pass.

Investors happily rewarded Big Tech for spending billions on AI. Now, they’re starting to ask for results.

→ AI capital spending is expected to surge roughly 70% to more than $700 billion in 2026, with much of that investment coming from the original Magnificent Seven.

✱ The downside? All that spending is squeezing free cash flow. Deutsche Bank strategist Jim Reid summed up the shift in sentiment: “There is growing apprehension regarding the capex spend by the largest hyperscalers.”

The scoreboard reflects that change.

✱ Only Alphabet has outperformed the S&P 500 this year, rising 11% versus the index’s 8.3% gain. The other six are all trailing.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

The Index Hid a $3.2 Trillion Fight↓

Reported July 16 — included as context for today’s story.
While the S&P 500 barely moved, investors were aggressively reshuffling their AI bets.

Behind the scenes, investors poured roughly $1.5 trillion into the Magnificent Seven while about $1.7 trillion disappeared from semiconductor stocks outside Nvidia. The offsetting moves left the major indexes looking calm—even as one of the biggest rotations of the year unfolded underneath.

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Where AI Money Went Next?

The selloff has been especially painful in memory chips—a theme we’ve been following all month through Micron, Samsung, and SK Hynix. After months of speculation, the group has slipped into a bear market as investors question whether AI demand can justify the sector’s lofty expectations.

Strategas ETF strategist Todd Sohn sees echoes of another market frenzy: “There’s some similarity between the ARKK rush in 2020 and the semiconductor and memory stock rush today.” 

Trading volume in semiconductor ETFs has jumped from roughly $9 billion a day a year ago to more than $40 billion, while semiconductors have grown to nearly 18% of the S&P 500—a level Strategas describes as historically rare.

Stock by stock.

→ Microsoft – Shares remain about 25% below their peak as investors question whether AI spending is translating into profits quickly enough. The company is investing at an annualized pace of roughly $190 billion in AI infrastructure while AI-related revenue is estimated near $37 billion. Gaming has also softened, with Xbox revenue down 5% year over year, prompting approximately 4,800 layoffs and a restructuring of the gaming division.

→ Amazon – Revenue grew 17% year over year in the first quarter, while AWS expanded 28%. The company plans to spend roughly $200 billion on capital expenditures this year—about 60% more than last year. To help finance that investment, Amazon has raised $62 billion through bond offerings in 2026, while continuing to expand AWS through partnerships with Warner Bros. Discovery, Fox, and Southwest Airlines.

→ Alphabet – Alphabet shares are down roughly 12% since early May despite Google Services revenue increasing 16% year over year and Google Cloud revenue jumping 63%, more than doubling cloud operating income. With Android powering about 69% of the world’s smartphones, investors will be watching the company’s upcoming earnings report for clues on whether those fundamentals begin to outweigh recent market skepticism.

Labels Age Faster.

The Magnificent Seven was never meant to be permanent.

It was a shortcut for the market’s biggest growth story at the time. As AI investment spreads across more companies, that shortcut becomes less useful. The opportunity—and the risk—is no longer confined to seven stocks.

The next chapter of the AI trade may not need a new nickname. It may simply require a wider watchlist.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Time To Retire?

Scott Chronert of Citi says the label no longer describes where AI leadership actually is. In a note to clients this week, he argued the term has become “misleading” as the AI trade broadens beyond its original seven members.

Ten days ago, we showed you the same trend: five of the Magnificent Seven were lagging the S&P 500, while their valuation premium had fallen to its lowest level in a decade.

Chronert’s conclusion goes one step further.

The biggest AI winners may no longer all be in the original club.

Here’s what happened. ⇩

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

The Club Isn’t Exclusive Anymore… 

✱ Chronert is arguing that the Magnificent Seven have lost their monopoly.

He thinks that lens has become too narrow.

His argument is that some of the biggest earnings winners from AI aren’t in the original group at all.

Companies such as Broadcom, Micron, and AMD have become critical beneficiaries of the AI infrastructure buildout, making the old “Mag Seven vs. everyone else” framework increasingly misleading.

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

AI Spending Stopped Being a Free Pass.

Investors happily rewarded Big Tech for spending billions on AI. Now, they’re starting to ask for results.

→ AI capital spending is expected to surge roughly 70% to more than $700 billion in 2026, with much of that investment coming from the original Magnificent Seven.

✱ The downside? All that spending is squeezing free cash flow. Deutsche Bank strategist Jim Reid summed up the shift in sentiment: “There is growing apprehension regarding the capex spend by the largest hyperscalers.”

The scoreboard reflects that change.

✱ Only Alphabet has outperformed the S&P 500 this year, rising 11% versus the index’s 8.3% gain. The other six are all trailing.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

The Index Hid a $3.2 Trillion Fight↓

Reported July 16 — included as context for today’s story.
While the S&P 500 barely moved, investors were aggressively reshuffling their AI bets.

Behind the scenes, investors poured roughly $1.5 trillion into the Magnificent Seven while about $1.7 trillion disappeared from semiconductor stocks outside Nvidia. The offsetting moves left the major indexes looking calm—even as one of the biggest rotations of the year unfolded underneath.

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Where AI Money Went Next?

The selloff has been especially painful in memory chips—a theme we’ve been following all month through Micron, Samsung, and SK Hynix. After months of speculation, the group has slipped into a bear market as investors question whether AI demand can justify the sector’s lofty expectations.

Strategas ETF strategist Todd Sohn sees echoes of another market frenzy: “There’s some similarity between the ARKK rush in 2020 and the semiconductor and memory stock rush today.” 

Trading volume in semiconductor ETFs has jumped from roughly $9 billion a day a year ago to more than $40 billion, while semiconductors have grown to nearly 18% of the S&P 500—a level Strategas describes as historically rare.

Stock by stock.

→ Microsoft – Shares remain about 25% below their peak as investors question whether AI spending is translating into profits quickly enough. The company is investing at an annualized pace of roughly $190 billion in AI infrastructure while AI-related revenue is estimated near $37 billion. Gaming has also softened, with Xbox revenue down 5% year over year, prompting approximately 4,800 layoffs and a restructuring of the gaming division.

→ Amazon – Revenue grew 17% year over year in the first quarter, while AWS expanded 28%. The company plans to spend roughly $200 billion on capital expenditures this year—about 60% more than last year. To help finance that investment, Amazon has raised $62 billion through bond offerings in 2026, while continuing to expand AWS through partnerships with Warner Bros. Discovery, Fox, and Southwest Airlines.

→ Alphabet – Alphabet shares are down roughly 12% since early May despite Google Services revenue increasing 16% year over year and Google Cloud revenue jumping 63%, more than doubling cloud operating income. With Android powering about 69% of the world’s smartphones, investors will be watching the company’s upcoming earnings report for clues on whether those fundamentals begin to outweigh recent market skepticism.

Labels Age Faster.

The Magnificent Seven was never meant to be permanent.

It was a shortcut for the market’s biggest growth story at the time. As AI investment spreads across more companies, that shortcut becomes less useful. The opportunity—and the risk—is no longer confined to seven stocks.

The next chapter of the AI trade may not need a new nickname. It may simply require a wider watchlist.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Third Bet This Month…

CuspAI closed a $450 million round Monday, pushing its valuation to $2.6 billion — up from $520 million last September. That’s roughly a 5x jump in ten months, for a two-year-old company whose technology has never produced a single molecule good enough to leave the lab.

Jeff Bezos backed the round anyway. This is his third headline-making tech bet this month alone.

Here’s what happened. ⇩

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

Five Times The Value, Ten Months Apart… 

✱  A jump like that usually tracks a specific catalyst — a product shipping, a major customer signing, revenue materializing.

Here, the catalyst is narrower: CuspAI pivoted into chipmaking materials just as a real supply crunch hit the sector, and investors are pricing in the size of that problem, not evidence that CuspAI has actually solved it yet.

The valuation is a bet on timing and relevance, not on results.

SPONSOR BREAK presented by Brownstone*

What is Trump’s decade-long obsession?

No president has moved markets like Trump.

He has a history of adding and wiping trillions from a market, seemingly at will.

But Larry says all of that was just the warm-up.

Because one plan has obsessed Trump for over a decade. Larry believes it’s about to send billions flooding into a single ticker.

If you want to get ahead of Trump’s next move – check out this presentation with Larry where he gives the name of that ticker for free.
Click here now while you’re still early..

The Bezos Pattern.

Three bets, three sciences… in one month.

→ Jul 8 – Blue Origin closes its first-ever outside funding round — $10B at a $130B valuation, after 26 years of Bezos self-funding the rocket company alone.

→ Jul 14 – General Fusion debuts on the Nasdaq — the first pure-play public fusion power stock, backed by Bezos since 2011, targeting a working reactor by 2035.

→ Jul 20 – CuspAI raises $450M at a $2.6B valuation — Bezos Expeditions among the backers, betting AI can discover new materials for chipmaking.

✱  Different sciences, same appetite.

Bezos isn’t betting on rockets, fusion, or materials chemistry specifically. He’s betting that backing difficult scientific problems early—and waiting years for the payoff—can produce extraordinary businesses.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

What CuspAI Is Actually Building↓

!!! AI that searches millions of possible materials to find better semiconductors—without years of trial and error in the lab.

CuspAI wasn’t originally focused on chips. It started by developing materials for carbon capture and water purification before demand from the semiconductor industry pulled it in a new direction.

Why? Chipmakers are running into the physical limits of today’s materials while demand for AI hardware keeps climbing. According to CEO Chad Edwards, customers have been “literally pulling us by all four limbs.” 

The goal is simple: use AI to discover the next generation of materials faster than traditional chemistry ever could.

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Why 48 Companies Joined The Same Lab?

✱ More than 48 companies—including Nvidia, Meta, Hyundai, and Samsung—have joined CuspAI’s new AI Materials Foundry.

The goal: combine computing power and scientific resources to discover new materials faster and at lower cost than traditional laboratory research.

One priority is finding alternatives to ruthenium and iridium, two rare metals used in advanced chip manufacturing that carry supply-chain risks.

Both are produced mainly as byproducts of platinum mining, with global supply concentrated in a handful of countries and annual production measured in just a few tonnes. As AI accelerates demand for advanced semiconductors, relying on such scarce materials becomes an increasingly fragile long-term strategy.

Companies collaborate through the platform, but they don’t share discoveries. Each partnership keeps its research proprietary while using the same underlying AI infrastructure.

Who’s Actually Funding This?

✱ Britain’s investment may prove to be the most closely watched.
The country’s Sovereign AI Fund, chaired by venture investor Suzanne Ashman, used taxpayer money to back CuspAI even as the company attracted some of Silicon Valley’s best-known investors.

→ The decision has drawn criticism from those who question why public capital is needed for a startup already backed by Kleiner Perkins, NEA, and Jeff Bezos.

→ Supporters argue it’s exactly the kind of frontier technology governments should help develop if they want to remain competitive in AI.

Either way, CuspAI has become an early test of Britain’s AI industrial strategy.

⚠️ The Part The Valuation Doesn’t Capture

CuspAI’s valuation reflects confidence in its platform—not commercial success.

Its first major project, with Meta, asked AI to search for better carbon-capture materials. The system generated a library of roughly 300 trillion possible chemical structures, narrowed that universe to 10 promising candidates, and researchers attempted to synthesize them in the lab.

Fewer than ten were successfully created, and none outperformed today’s commercial materials.

The company has since shifted the same technology toward finding materials that remove PFAS (“forever chemicals”) from water, with Finnish chemicals company Kemira expected to test 20 AI-designed candidates this year. But as of today, CuspAI has yet to produce a material that has moved beyond the laboratory.

Source: Bloomberg · July 20, 2026

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

The Flip Side…

✱ Record earnings.
✱ Then Michael Burry disclosed a short position.
✱ Two days later, the stock fell 15%.

Earlier this week, we covered Micron’s record quarter:
→ $41.46 billion in revenue,
→ 346% year-over-year growth, and
→ a forward P/E of just 7.4x. 
It was one of the strongest earnings reports we’ve seen from a major semiconductor company this year.

Around the same time, Michael Burry disclosed that he had taken the opposite side of the trade, calling Micron a company that “defines cyclical like no other.”

The market quickly reacted.

Micron fell roughly 15% over the next two trading sessions.

Here’s what happened—and why the debate over Micron is only getting started. ⇩

SPONSOR BREAK presented by MarketWise*

1 Stock to Own by July 31st

Get rid of overpriced AI stocks before a scheduled announcement on July 31^st threatens to reshuffle the stock market’s winners and losers. Smaller, lesser-known names are now showing the overwhelming potential to dethrone AI’s Magnificent 7. On July 31^st , this little-known stock in particular could soar while Tesla faceplants.

Get the name and ticker of this stock on your radar now…

What Burry Actually Shorted… 

✱ Burry’s biggest bearish bets all struggled after his positions became public—but not necessarily because of him. Most were already under pressure as investors questioned whether AI spending and semiconductor valuations had become too optimistic.

→ Applied Materials: -17%▼ — The largest decline among Burry’s disclosed shorts, reflecting broad weakness in chip equipment stocks.

→ SK Hynix: -15%▼ — The AI memory leader sold off sharply in Seoul, extending the semiconductor weakness beyond U.S. markets.

→ Micron: -15%▼ — The stock at the center of Burry’s thesis, reinforcing his long-held view that memory remains one of the market’s most cyclical businesses.

→ SOXX ETF: -12%▼ — The selloff wasn’t isolated. The broader semiconductor ETF, which includes Nvidia, Micron, Broadcom, AMD, and other major chip companies, also declined.

→ Samsung Electronics: -9%▼ — Another major memory producer that joined the broader sector pullback.

→ Tesla: -6%▼— One of Burry’s other high-profile shorts also moved lower, though for reasons largely unrelated to semiconductors.

“I do not believe there is a Burry effect.”
— Michael Burry, in an email to Business Insider

SPONSOR BREAK presented by MarketWise*

Will You Survive the MAR-A-LAGO RESET?

Bloomberg calls it “a dire shift of fortunes for America” and The Wall Street Journal calls it a “New World Order.” Now, Dr. David Eifrig – a 40-year market veteran who traded through Black Monday and has recommended more than a dozen triple-digit winners – warns that you must make one of the most important financial decisions of your lifetime today. He strongly recommends this ONE step to potentially secure your retirement.

Was It Actually His Doing?

→ The honest answer: Partly.

Semiconductor stocks were already losing momentum before Burry’s short positions became widely discussed. Investors had begun questioning how long the AI spending boom could continue, and money was already flowing out of the sector.

That selling wasn’t limited to the U.S.

Memory giants Samsung and SK Hynix fell sharply in Seoul as concerns spread across global chip markets.

✱ Burry’s disclosures landed in a market that was already leaning bearish.

As Wealth Club chief investment strategist Susannah Streeter put it, the effect is almost the opposite of the “Buffett effect.” Warren Buffett’s investments often attract new buyers. Burry’s bearish calls tend to reinforce doubts that investors already have, accelerating an existing trend rather than creating one.

!!! When sentiment is already shifting, one respected investor can make that shift happen a little faster.

SPONSOR BREAK presented by Paradigm*

Trump to Unleash Giant $2.7 Trillion Gold Mine?

Executive Order #14153 outlines what Jim Rickards believes are Trump’s intentions to unleash the largest mineral reserve in the country.

According to Jim’s research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements

This single company – trading for just $2 per share – holds 100% of the rights to this asset.
 
But you need to act before November 3 to take advantage before the President makes his next move…
 
That’s when a landmark policy decision could reprice this $2 stock, overnight.
 
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term. 
 
But – time’s running out.
 
Go here to get the full details before this stock soars.

The Bull & The Bear.↓

Both of these can be true at once. 

Micron’s latest quarter was undeniably strong. Revenue reached a record $41.46 billion, up from $9.30 billion a year earlier, and investors initially rewarded the results with a 15% rally. CEO Sanjay Mehrotra pointed to the growing strategic importance of memory in the AI era, and the numbers backed him up.

Burry isn’t disputing any of that.

His thesis is that memory has been one of the market’s most cyclical businesses for decades, and exceptional quarters don’t eliminate that history. Today’s AI boom may be real—but so is the possibility that demand eventually normalizes.

In other words, the debate is about what today’s record results are worth once the cycle turns.

SPONSOR BREAK presented by BrownstoneResearch*

Nvidia poured over $7B into this

Take a look at this…

It’s a radical “light-speed” device that’s turning AI as we know it into “Accelerated AI”, making it 100 times faster and 100 times more energy efficient.

In fact, Jensen Huang, Nvidia’s founder and CEO, says this device is shattering the limitations of AI and without it, AI can’t scale.

If you want to discover what this technology is, why Nvidia is betting billions on it…

And the one stock we believe could be the biggest winner when “Accelerated AI” goes mainstream…

Click here to see all the details.
 

What Burry’s Palantir Trade Shows?

The pattern worth knowing: ↓

When Michael Burry’s Palantir short became public last week, many investors treated it like a new trade.

It wasn’t.

The filing revealed a position that had been opened months earlier, and by the time investors saw it, Burry had already bought back half of the borrowed shares, locking in part of the profit before the market even knew the trade existed.

That’s an important distinction.

Public filings reveal what investors own—not when they bought, sold, or trimmed a position.

It’s also consistent with how Burry has invested for years. He often enters trades long before the consensus changes, then waits patiently while the thesis develops. His famous bet against the housing market took years to play out.

And that’s the part no filing can show.

SPONSOR BREAK presented by ParadigmPress*

Move your money NOW! – Former CIA Advisor

He predicted the 2008 financial crisis…
He predicted Trump’s election in 2016….
He even predicted the rise of COVID-19 writing:

“The chance we don’t have something on the scale of a national pandemic in the next few years is near zero”

That was three months before the first reported case.

If he’s right again, God Bless America…

Because this crisis will be tectonic in scale…and it’s going to begin with the bubble popping in AI.

Click here to view his latest warning
 

What Burry’s Doing Today?

On Friday, Burry publicly backed Hong Kong stocks, arguing that “the shine comes off Korea, Japan & the Soxx”—the very markets that have been this year’s biggest winners.

He has already added to his stake in Chinese e-commerce giant JD.
Morgan Stanley has reached a similar conclusion, pointing to improving earnings expectations in Hong Kong.

The common thread: Burry is once again looking away from what’s leading and toward what’s being overlooked.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!