To The Moon

The AI trade is facing another reality check. The Nasdaq Composite fell 2.86%, as concerns emerged around the financing requirements of major AI companies. Reports that OpenAI’s fundraising commitments fell short of its original target, alongside a negative Wall Street assessment of Anthropic’s financial position, have added to investor anxiety. For much of the past year, the market has rewarded companies connected to AI expansion. Semiconductor manufacturers, cloud providers and data-centre operators have benefited from expectations of enormous future demand. But investors are beginning to ask a more difficult question: how much capital can the AI industry continue absorbing before the financial returns become visible? I think this is an important turning point for the sector. 1. AI deman

I would lean towards waiting for clearer evidence of a recovery rather than buying COIN purely in anticipation of higher trading volumes. However, Coinbase’s latest results make the investment case more interesting than a simple bet on crypto prices.

The latest market weakness suggests investors are becoming more selective. With the Nasdaq falling 2.86%, the S&P 500 down 1.82% and the Dow losing 1.09%, the sell-off is no longer limited to a few speculative technology names. I think this is an important week to look beyond the biggest AI stocks and identify companies with different earnings drivers. Here are four names on my watchlist. 1. $Amazon.com(AMZN)$  – Cloud Growth and Profitability Amazon remains interesting because its investment story extends beyond online retail. AWS is a major growth driver, while advertising provides another source of higher-margin revenue. I will be watching whether cloud demand continues to justify its substantial infrastructure investment. Strong

$Apple(AAPL)$ reports fiscal Q4 earnings tomorrow, with Wall Street expecting $113.3 billion in revenue and $1.98 EPS. With Goldman raising its price target to $390, expectations are high. However, I think investors should look beyond the headline earnings beat. The bigger question is whether Apple’s growth can support its increasingly ambitious valuation. 1. iPhone demand is the immediate catalyst The latest iPhone launch is central to this earnings report. Strong demand would reinforce Apple’s ability to maintain customer loyalty and generate revenue from its large installed base. However, supply constraints could limit how much of that demand translates into actual sales. I will be watching shipment volumes and management’s comments on pro

$Intel(INTC)$ suffered a brutal 28.58% decline on Friday, closing at $65.76. The reported $11 billion paper loss on the US government’s investment adds another layer of concern. For investors, this raises a bigger question: has the market overreacted, or is Intel facing a more fundamental problem that government support cannot solve? I think this is a stock worth watching, but I would be careful about calling it a bargain simply because the share price has fallen sharply. 1. Government support has limits The US government’s investment in Intel reflects the strategic importance of domestic semiconductor manufacturing. Reducing reliance on overseas chip production is a long-term national priority. However, government backing does not guarantee

$Invesco QQQ(QQQ)$ closed Friday down 3.47% at $690.49, raising an important question for investors: is this a temporary correction or the beginning of a more prolonged valuation reset? My view is that both possibilities deserve consideration. I remain positive on the long-term technology outlook, but I think the market is entering a phase where earnings quality and actual returns on AI investment matter more than ambitious growth forecasts. 1. The market is asking a different question about AI For much of the past year, companies announcing bigger AI infrastructure budgets were rewarded by investors. That enthusiasm is now being tested. Building data centres, buying advanced chips and expanding computing capacity require enormous capital. Inv

$Vanguard Total World Stock ETF(VT)$ down 3%, but I’m not concerned. VT offers broad global diversification, and I’m comfortable holding through short-term market fluctuations for long-term growth.

$Okta Inc.(OKTA)$  is about to enter the S&P 500 after its shares more than doubled this year. It is a significant milestone for the cybersecurity company, but I think there is a bigger story here than simply joining a major stock index. The real question is whether Okta is becoming an increasingly important part of the next generation of cybersecurity, particularly as companies adopt more AI tools and automated agents. 1. Why S&P 500 inclusion matters Okta will join the S&P 500 before trading begins on Wednesday, November 4, replacing Kenvue. This move could bring additional demand from index-tracking funds and ETFs that need to hold Okta shares to reflect the index. It may also increase the company’s visibility among instit

While technology stocks have been struggling with earnings disappointments, rising AI expenditure and valuation concerns, one unexpected name has caught investors’ attention: Crocs. $Crocs(CROX)$  shares surged approximately 25% at one point following better-than-expected quarterly earnings and an upgrade to its full-year guidance. It is an interesting contrast. For months, much of the market’s attention has been concentrated on AI infrastructure, semiconductor companies and cloud computing. Investors have been willing to pay substantial premiums for companies expected to benefit from the AI boom. But the latest market movements suggest that investors may be becoming more selective. When a consumer company such as Crocs delivers stronger

$Alphabet(GOOG)$  $Alphabet(GOOGL)$  Alphabet’s recent share-price decline has put investors in an uncomfortable position. After disappointing earnings and growing concerns about AI spending, Google’s parent company has become another example of how quickly market sentiment can change. But I think there is an important distinction between a company delivering disappointing quarterly results and a company losing its long-term competitive position. The two are not necessarily the same. The recent weakness in technology stocks has also created a more difficult environment for companies investing heavily in artificial intelligence. Investors are becoming increasingly concerned about rising cap