To The Moon

**No, Michael Burry is not (yet) right that the AI bubble has fully “popped.”** This week’s market downturn is a sharp but contained correction concentrated in AI and tech stocks, driven mainly by financing/debt concerns, higher interest-rate expectations, and rotation out of crowded AI names—not a broad bubble collapse.[]() ### What happened this week (ending Oct. 16, 2026) - **Nasdaq Composite**: Down ~4.5% for the week (worst since late June; some reports near 4.6–4.7%). It was the heaviest hit due to its tech weighting. Friday alone saw a ~2.1–2.15% drop.[]() - **S&P 500**: Down ~1.9–2% for the week (worst since June). Friday: –1.1%. It pulled back from recent all-time highs.[]() - **Dow Jones**: Actually **up** ~0.7–0.9% for the week (Friday: –0.3%). Rotation into defensives, ener

On Oct 16, while global AI and semiconductor stocks continued to slide, Indian IT services provider Tech Mahindra (TECHM) surged 8.45% in a single day—its biggest one-day jump in over six years! 🚀 Even wilder? India's overall IT index surged 11.7% this week, recording its strongest weekly gain in 18 years. Wait... wasn't AI supposed to replace programmers and kill IT outsourcing? Why are IT service companies suddenly winning over Wall Street? 🤔 📌 The Latest Financial Highlights Tech Mahindra reported its Q2 results on Oct 15, showing strong momentum: Revenue: $1.693B (↑ 6.8% YoY) Net Profit: ~$190M / ₹1,586 crore (↑ 32.7% YoY) EBIT Margin: 14.8% New Deal Value (TCV): $1.023B (↑ 25.4% YoY) Dividends & Bonus: Proposed ~$0.18/share (₹15) interim dividend + a 1-for-1 bonus share

While chip stocks struggle, some traditional businesses are reaching record highs. Coca-Cola, Visa, Mastercard and MetLife are attracting attention as investors look beyond the technology sector. Why are these companies standing out? 🥤 Coca-Cola (KO): Everyday demand People continue buying drinks across different economic conditions. Its global brand, distribution network and pricing power give the business qualities investors often seek when market uncertainty rises. 💳 Visa (V) & Mastercard (MA): The power of payments These companies benefit from electronic payment activity without needing to lend money directly to every cardholder. Consumer spending and cross-border transactions remain important drivers of their businesses. 🛡️ MetLife (MET): Financial protection Insurance businesses