To The Moon

$NVIDIA(NVDA)$   Something extraordinary happened on Wall Street yesterday. Nasdaq: +2.74%. S&P 500: +2.35%. Broadcom: +8.78%. Micron: +6.25%. But Nvidia? -4.27%. Closing at: $178.67. And during the session, NVDA plunged to: $170.24. Think about that. The semiconductor sector was recovering. Investors were returning to beaten-down technology stocks. Yet the world's most influential AI chipmaker was still falling. That's approximately: 7 PERCENTAGE POINTS OF UNDERPERFORMANCE AGAINST THE NASDAQ. So has Nvidia become a bargain? Or is the market seeing something that dip buyers are overlooking? I think the answer is hidden in three things. TRUST. VOLUME. AND EARNINGS. And I wouldn't ignore any of them. 🚨 FIRST,

$NVIDIA(NVDA)$  $Micron Technology(MU)$  $Tesla Motors(TSLA)$  $SpaceX(SPCX)$   Wall Street is about to face a very unusual trading week. Just when investors thought the worst of the AI selloff might be behind us, Nvidia has another problem. And this time? IT ISN'T ABOUT AI DEMAND. It's about leadership. Nvidia closed Friday at: $186.64. But overnight trading indicated another decline of approximately: 4%. Meanwhile, Friday's recovery showed: MU: +5.12% TSLA: +4.23% SPCX: +8.62% So are we entering another round of AI selling? Or will investors separate the companies with real demand from

$NEBIUS(NBIS)$   Nebius shareholders have had a frightening week. November 5: NBIS -14.94%. November 6: +7.58%. Closing at: $129.49. A relief rally? Perhaps. But here's what I find fascinating. Nebius reported Q2 revenue growth of: 454% YoY. It has a Meta agreement worth up to: $27 BILLION. And management expects to reach: 5 GW OF CONTRACTED POWER by year-end. So why is Wall Street still nervous? Because there is one important distinction. SIGNED CAPACITY IS NOT REVENUE. And revenue is not the same as free cash flow. I think Thursday's earnings could tell us whether NBIS is becoming a sustainable AI infrastructure leader or simply an exceptionally expensive construction project. 🔥 THE $5.66 BILLION CONTRADICTION Let's look at Nebius's last re

$CoreWeave, Inc.(CRWV)$  $NEBIUS(NBIS)$   The AI infrastructure trade is under siege. CoreWeave (CRWV) closed Friday at: $46.40. Nebius (NBIS): $129.49. Both rebounded on November 6. But don't let one green day distract us from the bigger picture. In just one month, investors have wiped enormous value off these AI infrastructure companies. And yet their latest reported demand numbers are extraordinary. CoreWeave's revenue backlog: $104 BILLION. Nebius's Q2 revenue growth: +454% YoY. So what's going on? I think Wall Street has moved beyond asking: IS AI DEMAND REAL? The new question is: CAN AI DEMAND TURN INTO PROFITS BEFORE CAPITAL COSTS OVERWHELM SHAREHOLDERS? And this week's earnings could giv

SpaceX investors have just experienced a wild few sessions. November 5: SPCX -9.05%. Closing at: $123.62. November 6? +8.62%. Closing at: $134.27. And Deutsche Bank is maintaining its: $250 PRICE TARGET. That's approximately 86% above Friday's closing price. So why is Wall Street suddenly so divided? Texas is tightening restrictions on new AI data centres. The new governor-elect wants stronger protections for electricity, water and local communities. That sounds bearish for AI infrastructure. But Deutsche Bank sees another possibility. WHAT IF RESTRICTING COMPUTE SUPPLY MAKES EXISTING CAPACITY MORE VALUABLE? I think that's a powerful argument. But I found another number that deserves just as much attention. $16.4 BILLION. And it could determine whether the SpaceX AI story becomes an extrao

$Marvell Technology(MRVL)$   Marvell just made one of the biggest bets in AI infrastructure history. $115 BILLION. That's the announced enterprise value of its acquisition of Lumentum. The ambition? Combine semiconductor processing, networking, lasers and optical technology into one powerful AI connectivity platform. Sounds impressive. But the market's reaction? MRVL -16.48% ON THURSDAY. Latest price in my snapshot: $141.95. Lumentum? $540.32. And here's something fascinating. The market is pricing a very different future from the one management is promising. I think the reason goes beyond dilution. WALL STREET IS QUESTIONING THE PRICE, THE TIMELINE AND WHETHER THE AI BOOM CAN SUPPORT BOTH. 🔥 FIRST, LOOK AT THE

$Tesla Motors(TSLA)$   Tesla shareholders have just experienced a brutal week. November 5: TSLA -10.77%. The stock crashed to: $343.69. November 6? A relief rally. +4.23%. Closing at: $358.22. After hours: $359.40. So has the worst passed? I think the answer is more complicated than simply blaming the Democratic victory in the US midterms. Because while Tesla shares were collapsing, something extraordinary was happening inside its autonomous-driving business. Cumulative unsupervised Robotaxi miles grew approximately: 8X QUARTER-ON-QUARTER. By the end of September, Tesla reported almost: 2 MILLION CUMULATIVE UNSUPERVISED MILES. But here's the contradiction. Tesla's operating income fell: 56% YoY. And its operatin

$Circle Internet Corp.(CRCL)$   Circle delivered what looked like excellent earnings. Revenue and reserve income: $865 MILLION. Up: 17% YoY. Adjusted EBITDA: $317 MILLION. Up: 85%. USDC transaction volume: $13.9 TRILLION. Up: 49%. Yet CRCL closed November 6 at: $67.88. After hours: $67.40. And here's something interesting. ARK Invest has been accumulating shares during the weakness. Its holdings tracker indicates a net increase of approximately: 78,678 CRCL SHARES across its funds on November 6. So why does CRCL keep struggling? For shareholders who have watched their positions turn increasingly red, especially after encouraging earnings, I understand the frustration. But I don't want to manufacture optimism. I think the market is telling us

The US midterm elections have delivered a political earthquake. DEMOCRATS WIN BOTH CHAMBERS OF CONGRESS. A blue wave. Washington's balance of power is changing. And after the violent technology selloff, investors are searching for somewhere safer to park their money. Walmart? Costco? Consumer staples? These seem like obvious choices. After all, people still need groceries when the stock market crashes. But look at what happened on Friday, November 6. Nasdaq: +1.09% S&P 500: +0.31% Walmart: -1.72% Costco: -1.13% Interesting. Technology bounced. The supposed safe havens fell. So is Wall Street missing an opportunity? Or have investors already paid too much for safety? I think the answer lies in two numbers. 45X. And: 51X. Those are approximately the trailing earnings multiples for Walmar

Something extraordinary happened to memory stocks yesterday. SanDisk (SNDK): -22.26% Micron (MU): -17.46% SK Hynix: approximately -13.4% Meanwhile: Nasdaq Composite: -5.52% Nasdaq-100: -6.36% Philadelphia Semiconductor Index: approximately -12.25%. That's not an ordinary pullback. That's a sector-wide liquidation. But here's what I find fascinating. Just days earlier, these companies were reporting extraordinary demand. SanDisk's latest quarterly revenue: $11.03 BILLION Up: 23% SEQUENTIALLY. Its Data Center revenue? +61% SEQUENTIALLY. Micron reported: $54.23 BILLION in fiscal Q4 revenue. SK Hynix said long-term agreements already covered more than: 50% OF EXPECTED 2027-2028 PRODUCTION CAPACITY. So why is the market suddenly selling memory stocks as though the AI boom is collapsing? I think