To The Moon

The NASDAQ had a solid session on friday, climbing about 255 points (just over 1%). Momentum in tech remains strong, and the conversation with clients has shifted noticeably from late last year. The big question now isn’t just whether companies are spending on AI infrastructure—it’s whether that massive CapEx is finally translating into real monetization, and whether those gains are spreading beyond the usual Big Tech suspects.

We’re already seeing early signs of that spread with names like $Intel(INTC)$  and $Cisco(CSCO)$  , and the market is actively debating the “Software-as-a-Goose” trade after moves in ServiceNow and others this week. Next week is going to be the decisive chapter in that debate. Wednesday is the peak earnings day: $Microsoft(MSFT)$  , $Meta Platforms, Inc.(META)$  , , Qualcomm, and Amazon all report after the close, along with 13 companies in the NASDAQ 100 total. It’s going to be a data-heavy session that will either confirm the AI monetization thesis or force a reset.

On the CapEx front, investor sentiment has stabilized. The consensus view heading into earnings is that no major hyperscaler will pull back on spending—that would be viewed as a negative in the AI arms race and would hammer the stock. The real focus will be on whether Microsoft, Google, and Amazon deliver acceleration beats in cloud growth. That’s the key signal that CapEx is starting to bear fruit and that monetization is moving from hype to reality on both the hyperscaler and software sides. I’ll also be watching Meta closely for any upside in advertising, which would further validate the broader AI-driven revenue pickup.

 I remain very bullish on Oracle. The Street is significantly underestimating the company’s position in the AI stack. Yes, the debt load tied to the OpenAI partnership and the multi-hundred-billion-dollar build-out raises eyebrows, but I believe Oracle’s cash-flow generation and backlog positioning make this a tremendous multi-year opportunity. I've $225 price target reflects a scenario where the stock could ultimately double as they successfully monetize AI workloads. The debt concerns (including Moody’s warnings around private credit refinancing risks in 2028) are real, but Oracle’s scale and visibility give it far more runway than many software peers. Taking on roughly $50 billion to chase a $700–800 billion opportunity is exactly the kind of high-conviction bet I want to see management make.

Switching to Tesla: Thursday's announcement that they’re raising CapEx to $25 billion for AI and robotics infrastructure is the right strategic move. From a physical AI perspective, I continue to see NVIDIA and Tesla as the two clearest leaders. Tesla is no longer an auto company—it’s an AI company, and this step-up in spending is precisely what’s needed to execute on autonomous robotics and the long-term opportunity set over the next five to ten years.Geopolitics (specifically the situation in Iran) is on the radar but unlikely to dominate next week’s calls. Some Middle East exposure was already flagged by ServiceNow, and larger data-center build-outs in the UAE and Saudi Arabia are still further out (18–24 months). Supply-chain items like helium remain a longer-term watchpoint, but unless the situation deteriorates significantly past Memorial Day, I don’t expect it to derail the demand environment or force any near-term slowdown in AI infrastructure plans. Investors will be far more focused on the core demand picture and whether these companies continue accelerating rather than any short-term geopolitical noise.

Bottom line: next week is a critical puzzle piece for the entire tech trade. If we see the expected CapEx reaffirmations paired with cloud acceleration and early monetization proof points, the AI thesis gets another major leg up. I’ll be watching closely—especially the hyperscalers’ guidance—and will share real-time takeaways as the results roll in.

@MillionaireTiger  @TigerStars  @TigerObserver  @TigerPM  @Daily_Discussion