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- aalynaalyn
  ·10-31 20:06
  GO H8
  Citrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google
  Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few...
  Citrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google
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- JP25JP25
  ·10-31 19:41
  It's the call options that caused the downfall. Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.
  SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?
  SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?
  85 Comment
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- wig traderwig trader
  ·08-07
  Amazon continues to make me smile numouroues times a month, that being all to accurate of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago, This next topic makes me sound nieve as there in nothing inaccurate in saying like that, this is the topic of data centres and the data centres that are being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA within the shortage of having and requiring an abundance of as many functioning centres at the data storing stage. The race is to construct many of these structures and how many will be errected before the biggest s&p ones even Mono
  The Massive $7M Amazon Bet You Need To See!
  The Massive $7M Amazon Bet You Need To See!
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- neo26000neo26000
  ·07-28
  Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨ More like false propellants.
  SpaceX Approaches $100: Where Is The Market's Mispricing?
  Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price,...
  SpaceX Approaches $100: Where Is The Market's Mispricing?
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- JP25JP25
  ·10-31 19:41
  It's the call options that caused the downfall. Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.
  SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?
  SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?
  85 Comment
  2
  Share
  Report
- aalynaalyn
  ·10-31 20:06
  GO H8
  Citrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google
  Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few...
  Citrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google
  20 Comment
  1
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  Report
- wig traderwig trader
  ·08-07
  Amazon continues to make me smile numouroues times a month, that being all to accurate of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago, This next topic makes me sound nieve as there in nothing inaccurate in saying like that, this is the topic of data centres and the data centres that are being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA within the shortage of having and requiring an abundance of as many functioning centres at the data storing stage. The race is to construct many of these structures and how many will be errected before the biggest s&p ones even Mono
  The Massive $7M Amazon Bet You Need To See!
  The Massive $7M Amazon Bet You Need To See!
  2.85K Comment
  1
  Share
  Report
- neo26000neo26000
  ·07-28
  Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨ More like false propellants.
  SpaceX Approaches $100: Where Is The Market's Mispricing?
  Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price,...
  SpaceX Approaches $100: Where Is The Market's Mispricing?
  1.49K Comment
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In an interview, he said he had reduced his semiconductor exposure, held very few...","content":"<html><head></head><body><p style=\"text-align: left;\">Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few semiconductor stocks, and had some short positions. That does not mean he is bearish on chips across the board: he remains positive on Nvidia, but believes more attractive opportunities may lie in other AI applications.</p><p style=\"text-align: left;\">His biggest concern is <strong>the changing way AI infrastructure is financed</strong>. In the past, tech giants largely built computing capacity with cash generated by their businesses, giving spending a fundamental basis even when market sentiment fluctuated. Now, a growing share of new investment relies on equity and debt financing. Citrini believes that even if AI continues to advance and usage keeps growing, investors could still pay too much for capacity. If sentiment turns, the flow of new funding could also dry up quickly.</p><p style=\"text-align: left;\">As for specific trades, he said he currently has a “long Meta, short Google” position. He is watching the risk posed by changing search habits, as well as the pressure Google faces from talent departures. At the same time, he acknowledged that the eventual impact on its search business remains uncertain.</p><p style=\"text-align: left;\">On AI drug discovery, he pointed to a constraint that is harder to scale quickly than computing power: <strong>a shortage of laboratory monkeys needed for preclinical testing</strong>. Computer simulations may eventually reduce the need for animal testing, but reliable models still require experimental data today. Because breeding monkeys takes time, supply cannot increase as quickly as AI-driven research.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-10-26 16:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few semiconductor stocks, and had some short positions. That does not mean he is bearish on chips across the board: he remains positive on Nvidia, but believes more attractive opportunities may lie in other AI applications.</p><p style=\"text-align: left;\">His biggest concern is <strong>the changing way AI infrastructure is financed</strong>. In the past, tech giants largely built computing capacity with cash generated by their businesses, giving spending a fundamental basis even when market sentiment fluctuated. Now, a growing share of new investment relies on equity and debt financing. Citrini believes that even if AI continues to advance and usage keeps growing, investors could still pay too much for capacity. If sentiment turns, the flow of new funding could also dry up quickly.</p><p style=\"text-align: left;\">As for specific trades, he said he currently has a “long Meta, short Google” position. He is watching the risk posed by changing search habits, as well as the pressure Google faces from talent departures. At the same time, he acknowledged that the eventual impact on its search business remains uncertain.</p><p style=\"text-align: left;\">On AI drug discovery, he pointed to a constraint that is harder to scale quickly than computing power: <strong>a shortage of laboratory monkeys needed for preclinical testing</strong>. Computer simulations may eventually reduce the need for animal testing, but reliable models still require experimental data today. Because breeding monkeys takes time, supply cannot increase as quickly as AI-driven research.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FBL":"2倍做多META ETF-GraniteShares","TSYY":"收益增强TSLA ETF-GraniteShares","MSFC":"2倍做多MSFT ETF-Corgi","APLY":"AAPL期权收益策略ETF-YieldMax","MSFD":"1倍做空MSFT ETF-Direxion","TSDD":"2倍做空TSLA ETF-GraniteShares","GOOP":"KURV YIELD PREMIUM STRATEGY GOOGLE (GOOGL) ETF","CRSH":"做空TSLA 期权收益策略ETF-YieldMax","MSFL":"2倍做多MSFT ETF-GraniteShares","TLA":"GraniteShares Autocallable TSLA ETF","MSFO":"MSFT期权收益策略ETF-YieldMax","GOOX":"2倍做多GOOG ETF-T-REX","AAPB":"2倍做多AAPL ETF-GraniteShares","MSFU":"2倍做多MSFT ETF-Direxion","FBX":"Corgi META 2x Daily ETF","AAPD":"1倍做空AAPL ETF-Direxion","FBY":"META期权收益策略ETF-YieldMax","MSFW":"Roundhill MSFT WeeklyPay ETF","AAPE":"Leverage Shares 2X Long AAPL Daily ETF","MSFX":"2倍做多MSFT ETF-T-Rex","FBYY":"GraniteShares YieldBOOST META ETF","MSFT":"微软","MSFY":"Kurv Yield Premium Strategy Microsoft (MSFT) ETF","DIPS":"做空NVDA期权收益策略ETF-YieldMax","AAPU":"2倍做多AAPL ETF-Direxion","AAPW":"AAPL周配息ETF-Roundhill","AAPX":"2倍做多Apple ETF-T-Rex","AAPY":"AAPL收益溢价策略ETF-Kurv","07366":"南方两倍做空特斯拉","AMZN":"亚马逊","AMZD":"1倍做空AMZN ETF-Direxion","NVC":"Corgi NVDA 2x Daily ETF","AAPL":"苹果","NVD":"2倍做空NVDA ETF-GraniteShares","AMZG":"Leverage Shares 2X Long AMZN Daily ETF","07388":"南方两倍做空英伟达","AMZO":"Tradr 2x Short Amzn Daily Etf","NVDB":"ProShares Ultra NVDA ETF","NVDD":"1倍做空NVDA ETF-Direxion","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","NVDG":"2倍做多NVDA ETF- Leverage Shares","AMZU":"2倍做多AMZN ETF-Direxion","ELOL":"Leverage Shares 100% TSLA and 100% SPCX Daily ETF","AMZW":"Roundhill AMZN WeeklyPay™ ETF","NVDL":"2倍做多NVDA ETF-GraniteShares","TESC":"Corgi TSLA 2x Daily ETF","AMZY":"AMZN期权收益策略ETF-YieldMax","NVDQ":"2倍做空NVDA ETF-T-Rex","NVDA":"英伟达","TSLA":"特斯拉","TESL":"Simplify Volt TSLA Revolution ETF","09366":"南方两倍做空特斯拉-U","AMZZ":"2倍做多AMZN ETF-GraniteShares","NVDS":"1.5倍做空NVDA ETF-Tradr","TEST":"YieldMax TSLA Performance & Distribution Target 25 ETF","TSLZ":"2倍做空TSLA ETF-T-Rex","NVDU":"2倍做多NVDA ETF-Direxion","AMAA":"Corgi AMZN 2x Daily ETF","TSLY":"TSLA期权收益策略ETF-YieldMax","NVDW":"NVDA周配息ETF-Roundhill","NVDX":"2倍做多NVDA ETF-T-Rex","TSLW":"TSLA周配息ETF-Roundhill","TSLT":"2倍做多TSLA ETF-T-Rex","NVDY":"NVDA期权收益策略ETF-YieldMax","09766":"南方两倍做多特斯拉-U","TSLS":"1倍做空TSLA ETF-Direxion","07766":"南方两倍做多特斯拉","NVII":"Rex NVDA Growth & Income ETF","TSLR":"2倍做多TSLA ETF-GraniteShares","TSLQ":"2倍做空TSLA ETF-Tradr","ANV":"GraniteShares Autocallable NVDA ETF","07788":"南方两倍做多英伟达","TSLP":"TSLA收益溢价策略ETF-Kurv","AZYY":"GraniteShares YieldBOOST AMZN ETF","TSLL":"2倍做多TSLA ETF-Direxion","TSLI":"2倍做多TSLA ETF-ProShares","METD":"1倍做空META ETF-Direxion","TSLG":"2倍做多TSLA ETF-Leverage Shares","TSL":"1.25倍做多TSLA ETF-GraniteShares","METG":"Leverage Shares 2x Long META Daily ETF","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","TSII":"REX TSLA Growth & Income ETF","METQ":"Tradr 2X Short META Daily ETF","TSLO":"2倍上限加速TSLA ETF-Leverage Shares","IOSX":"Corgi AAPL 2x Daily ETF","METU":"2倍做多META ETF-Direxion","NVYY":"GraniteShares YieldBOOST NVDA ETF","META":"Meta Platforms, Inc.","METW":"Roundhill META WeeklyPay™ ETF","GOOG":"谷歌"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101421336","content_text":"Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few semiconductor stocks, and had some short positions. That does not mean he is bearish on chips across the board: he remains positive on Nvidia, but believes more attractive opportunities may lie in other AI applications.His biggest concern is the changing way AI infrastructure is financed. In the past, tech giants largely built computing capacity with cash generated by their businesses, giving spending a fundamental basis even when market sentiment fluctuated. Now, a growing share of new investment relies on equity and debt financing. Citrini believes that even if AI continues to advance and usage keeps growing, investors could still pay too much for capacity. If sentiment turns, the flow of new funding could also dry up quickly.As for specific trades, he said he currently has a “long Meta, short Google” position. He is watching the risk posed by changing search habits, as well as the pressure Google faces from talent departures. At the same time, he acknowledged that the eventual impact on its search business remains uncertain.On AI drug discovery, he pointed to a constraint that is harder to scale quickly than computing power: a shortage of laboratory monkeys needed for preclinical testing. Computer simulations may eventually reduce the need for animal testing, but reliable models still require experimental data today. 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Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.","listText":"It's the call options that caused the downfall. Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.","text":"It's the call options that caused the downfall. Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/624285355221768","repostId":"1175651425","repostType":2,"repost":{"id":"1175651425","kind":"video","weMediaInfo":{"introduction":"Options & Short Sell","home_visible":1,"media_name":"Options & Short Sell","id":"1035022285","head_image":"https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921"},"pubTimestamp":1793445681,"share":"https://ttm.financial/m/news/1175651425?lang=en_US&edition=fundamental","pubTime":"2026-10-31 19:21","market":"us","language":"en","title":"SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?","url":"https://stock-news.laohu8.com/highlight/detail?id=1175651425","media":"Options & Short Sell","summary":"","content":"<html><head></head><body></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-10-31 19:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDQ":"2倍做空SNDK ETF-Tradr","SNDK":"闪迪","SNDC":"2倍做多SNDK ETF-Corgi","SNDU":"2倍做多SNDK ETF-T-REX","SNXX":"2倍做多SNDK ETF-Tradr","SNDG":"2倍做多SNDK ETF-Leverage Shares"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175651425","news_type":1,"symbols_score_info":{"SNDC":0.6,"SNDQ":0.6,"SNDU":0.6,"SNXX":0.6,"SNDK":2,"SNDG":0.6}},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":594027695362592,"gmtCreate":1786057916076,"gmtModify":1786063130156,"author":{"id":"4235649508181162","authorId":"4235649508181162","name":"wig trader","avatar":"https://community-static.tradeup.com/news/cce95fd388d3781c6f60635e31c475df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4235649508181162","authorIdStr":"4235649508181162"},"themes":[],"title":"","htmlText":"Amazon continues to make me smile numouroues times a month, that being all to accurate&nbsp;of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago,&nbsp; This next&nbsp;topic makes me sound nieve&nbsp; as there in nothing inaccurate in saying like that, this is the topic of data centres and&nbsp;the data centres that are&nbsp; being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA&nbsp;within the shortage of having and requiring an abundance of as many functioning centres&nbsp;at the&nbsp;data storing&nbsp;stage. The race is to construct many of&nbsp;&nbsp;these structures and&nbsp;how many will&nbsp;be errected before the biggest s&amp;p ones even&nbsp;Mono","listText":"Amazon continues to make me smile numouroues times a month, that being all to accurate&nbsp;of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago,&nbsp; This next&nbsp;topic makes me sound nieve&nbsp; as there in nothing inaccurate in saying like that, this is the topic of data centres and&nbsp;the data centres that are&nbsp; being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA&nbsp;within the shortage of having and requiring an abundance of as many functioning centres&nbsp;at the&nbsp;data storing&nbsp;stage. The race is to construct many of&nbsp;&nbsp;these structures and&nbsp;how many will&nbsp;be errected before the biggest s&amp;p ones even&nbsp;Mono","text":"Amazon continues to make me smile numouroues times a month, that being all to accurate of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago, This next topic makes me sound nieve as there in nothing inaccurate in saying like that, this is the topic of data centres and the data centres that are being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA within the shortage of having and requiring an abundance of as many functioning centres at the data storing stage. The race is to construct many of these structures and how many will be errected before the biggest s&p ones even Mono","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/594027695362592","repostId":"1121504170","repostType":2,"repost":{"id":"1121504170","kind":"video","weMediaInfo":{"introduction":"Options & Short Sell","home_visible":1,"media_name":"Options & Short Sell","id":"1035022285","head_image":"https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921"},"pubTimestamp":1786016479,"share":"https://ttm.financial/m/news/1121504170?lang=en_US&edition=fundamental","pubTime":"2026-08-06 19:41","market":"us","language":"en","title":"The Massive $7M Amazon Bet You Need To See!","url":"https://stock-news.laohu8.com/highlight/detail?id=1121504170","media":"Options & Short Sell","summary":"","content":"<html><head></head><body></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Massive $7M Amazon Bet You Need To See!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Massive $7M Amazon Bet You Need To See!\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-08-06 19:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","AMZY":"AMZN期权收益策略ETF-YieldMax","AMZU":"2倍做多AMZN ETF-Direxion","AMZZ":"2倍做多AMZN ETF-GraniteShares","AZYY":"GraniteShares YieldBOOST AMZN ETF","AMZW":"Roundhill AMZN WeeklyPay™ ETF","AMZD":"1倍做空AMZN ETF-Direxion"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121504170","news_type":1,"symbols_score_info":{"AMZU":0.6,"AZYY":0.6,"AMZY":0.6,"AMZZ":0.6,"AMZW":0.6,"AMZD":0.6,"AMZN":2,"AMZP":0.6}},"isVote":1,"tweetType":1,"viewCount":2851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":590727012586032,"gmtCreate":1785217118508,"gmtModify":1785218973599,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4131703342800552","authorIdStr":"4131703342800552"},"themes":[],"title":"","htmlText":"Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨&nbsp; More like false propellants.","listText":"Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨&nbsp; More like false propellants.","text":"Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨ More like false propellants.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/590727012586032","repostId":"1107057182","repostType":2,"repost":{"id":"1107057182","kind":"news","weMediaInfo":{"introduction":"Options & Short Sell","home_visible":1,"media_name":"Options & Short Sell","id":"1035022285","head_image":"https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921"},"pubTimestamp":1785206173,"share":"https://ttm.financial/m/news/1107057182?lang=en_US&edition=fundamental","pubTime":"2026-07-28 10:36","market":"hk","language":"en","title":"SpaceX Approaches $100: Where Is The Market's Mispricing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1107057182","media":"Options & Short Sell","summary":"Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price,...","content":"<p style=\"text-align: left;\">Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price, meaning the AI option value is nearly \"free\" at these levels.</p><p style=\"text-align: left;\">SpaceX shares are under pressure from the looming lockup expiry, but Morgan Stanley believes this creates a valuation mispricing buying opportunity.</p><p style=\"text-align: left;\">On Monday, SpaceX shares fell to a low of $108.66 during trading, a new all-time low, and have more than halved from their peak of $225.64. As the lockup period expiry approaches, some investors expect the stock could fall further to $100.</p><p style=\"text-align: left;\">According to TradeUP, Morgan Stanley analyst Adam Jonas released a report stating that if the stock does drop to $100, it would imply the market's valuation of SpaceX's AI business is zero or negative, while the implied 2028 EBITDA for the rocket launch + Starlink business would be about 30% below the firm's base case.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/967b8338ceb03a96ba3cd2ace542345a\" data-align=\"center\" tg-width=\"640\" tg-height=\"459\"><span></span></p><p style=\"text-align: left;\">The firm maintains an Overweight rating on SpaceX with a price target of $300. Morgan Stanley believes the divergence between current bearish sentiment and fundamentals creates an attractive entry point—at prices below $120, investors are essentially getting the option value of the company's entire AI business for \"free,\" while the core rocket launch + Starlink business alone covers the current stock price.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Divergence Between Market Sentiment and Fundamentals</strong></h2><p style=\"text-align: left;\">Despite no material changes in SpaceX's fundamentals over the past few weeks, bearish conviction has actually been strengthening, while bulls are increasingly waiting for clearer catalysts.</p><p style=\"text-align: left;\">From investor conversations, the core of the disagreement lies in the pricing of the AI business. Most investors are heavily discounting or completely ignoring the value of Grok and Cursor, believing that AI monetization opportunities are primarily concentrated in the neocloud space.</p><p style=\"text-align: left;\">Reasons include: AI business capital expenditure being too high relative to the rocket launch + Starlink business, significant uncertainty in the economic model, and management's excessive focus on this business.</p><p style=\"text-align: left;\">Some investors even assign a negative value to AI, believing that high capital expenditure will erode overall value. Morgan Stanley disagrees, arguing that this pricing approach is too conservative and ignores multiple potential AI monetization paths.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>What $100 Implies</strong></h2><p style=\"text-align: left;\">Based on the firm's 2028 base case—revenue of $157 billion (including average 6 GW of compute power at $16.5 per watt, and 35 million average consumer users at $46 monthly ARPU), and EBIT of approximately $69 billion—if the stock falls to $100, SpaceX would trade at 18x FY28 EV/EBIT, roughly in line with the median for comparable companies, but its revenue CAGR from 2025 to 2030 is 76%, about three times the 26% median for peers.</p><p style=\"text-align: left;\">From a cross-sectional perspective, 18x EV/EBIT would rank roughly 81st in the S&P 500 (excluding financials and real estate), in the same range as Boeing (21x), Waste Management (19x), CSX (18x), and Garmin (18x).</p><p style=\"text-align: left;\">Breaking down further, if the rocket launch + Starlink business is valued at 40x EV/EBITDA (slightly below the space peer median of 46x), the implied value of the AI business would be exactly zero. If using a 50x multiple (slightly above the median), the AI business would have an implied negative value of $300 billion. Morgan Stanley believes both scenarios are unreasonable.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d7969db08f2aa56aa737daf0bf17011\" data-align=\"center\" tg-width=\"640\" tg-height=\"384\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Core Business Alone Supports Current Stock Price</strong></h2><p style=\"text-align: left;\">Even completely excluding AI value, SpaceX's rocket launch + Starlink business alone is sufficient to support the current stock price.</p><p style=\"text-align: left;\">The firm's 15-year DCF model values the rocket launch + Starlink business alone at approximately $136 per share, using a 56x EV/EBITDA multiple. At the assumed $100 price, this implies the market is pricing the 2028 EBITDA for this business about 28% below Morgan Stanley's base case, while assigning zero value to AI.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4b6cba6dfa6b2529f94f156458da7c36\" data-align=\"center\" tg-width=\"640\" tg-height=\"477\"><span></span></p><p style=\"text-align: left;\">Currently, SpaceX holds over three-quarters of the global market share in mass-to-orbit and maneuverable satellites in orbit. Its connectivity business is growing at nearly 50% this year, with an EBITDA margin of 40%. Buying SpaceX at current valuations means acquiring a space and connectivity business with a dominant market position and high growth visibility at a discount, with all AI option value essentially \"thrown in for free.\"</p><p style=\"text-align: left;\">From a sum-of-the-parts valuation, Morgan Stanley's base case target price of $300 is composed of: Space business $8, Connectivity business $128, X and Grok business $12, and Enterprise AI business $152.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0ef083bd1ebc06dae3661af53ae5b693\" data-align=\"center\" tg-width=\"640\" tg-height=\"338\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Near-Term Positive Catalysts</strong></h2><p style=\"text-align: left;\">On the launch front, Starship's 14th and 15th test flights are expected in September and October, respectively, potentially including the first capture of the V3 Super Heavy booster, the first orbital flight (with simultaneous deployment of operational V3 satellites), and the first capture of the Starship upper stage.</p><p style=\"text-align: left;\">On the AI front, Grok 4.6 (a 2 trillion parameter model) is expected to be released within the next month, and Grok 5.0 (a 6 trillion parameter model) is expected later this year. The Cursor acquisition is expected to close by the end of Q3, at which point material updates on Cursor's Annual Recurring Revenue (ARR) and Grok platform adoption rates will be disclosed.</p><p style=\"text-align: left;\">On the compute expansion front, SpaceX expects to double its computing capacity from current levels to 2 GW by year-end, which could drive more large neocloud contracts.</p><p style=\"text-align: left;\">Given that the market is currently pricing almost no value for AI, any positive developments in these areas could serve as a catalyst for upward stock price revision.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Key Risks Cannot Be Ignored</strong></h2><p style=\"text-align: left;\">In the near term, the stock faces dual pressures: first, the upcoming lockup expiry will bring additional supply pressure; second, the upcoming earnings report may not answer the questions investors care about most.</p><p style=\"text-align: left;\">The bear case (target price $75) assumes: Starship delays compress the narrative, AI monetization is significantly slower than expected, the rocket launch + Starlink business accounts for over 90% of total valuation, and Starship operations are delayed to 2029.</p><p style=\"text-align: left;\">Other major downside risks include: slowing Starlink user growth, high per-watt costs for AI infrastructure, extended AI business build cycles, equity dilution from increased financing needs, and regulatory uncertainty.</p><p style=\"text-align: left;\">The bull case (target price $600) assumes full acceleration of Starship, orbital compute, and Terafab deployment, with AI accounting for over 60% of total valuation and compute deployment growing at a 46% CAGR.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SpaceX Approaches $100: Where Is The Market's Mispricing?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpaceX Approaches $100: Where Is The Market's Mispricing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-07-28 10:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p style=\"text-align: left;\">Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price, meaning the AI option value is nearly \"free\" at these levels.</p><p style=\"text-align: left;\">SpaceX shares are under pressure from the looming lockup expiry, but Morgan Stanley believes this creates a valuation mispricing buying opportunity.</p><p style=\"text-align: left;\">On Monday, SpaceX shares fell to a low of $108.66 during trading, a new all-time low, and have more than halved from their peak of $225.64. As the lockup period expiry approaches, some investors expect the stock could fall further to $100.</p><p style=\"text-align: left;\">According to TradeUP, Morgan Stanley analyst Adam Jonas released a report stating that if the stock does drop to $100, it would imply the market's valuation of SpaceX's AI business is zero or negative, while the implied 2028 EBITDA for the rocket launch + Starlink business would be about 30% below the firm's base case.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/967b8338ceb03a96ba3cd2ace542345a\" data-align=\"center\" tg-width=\"640\" tg-height=\"459\"><span></span></p><p style=\"text-align: left;\">The firm maintains an Overweight rating on SpaceX with a price target of $300. Morgan Stanley believes the divergence between current bearish sentiment and fundamentals creates an attractive entry point—at prices below $120, investors are essentially getting the option value of the company's entire AI business for \"free,\" while the core rocket launch + Starlink business alone covers the current stock price.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Divergence Between Market Sentiment and Fundamentals</strong></h2><p style=\"text-align: left;\">Despite no material changes in SpaceX's fundamentals over the past few weeks, bearish conviction has actually been strengthening, while bulls are increasingly waiting for clearer catalysts.</p><p style=\"text-align: left;\">From investor conversations, the core of the disagreement lies in the pricing of the AI business. Most investors are heavily discounting or completely ignoring the value of Grok and Cursor, believing that AI monetization opportunities are primarily concentrated in the neocloud space.</p><p style=\"text-align: left;\">Reasons include: AI business capital expenditure being too high relative to the rocket launch + Starlink business, significant uncertainty in the economic model, and management's excessive focus on this business.</p><p style=\"text-align: left;\">Some investors even assign a negative value to AI, believing that high capital expenditure will erode overall value. Morgan Stanley disagrees, arguing that this pricing approach is too conservative and ignores multiple potential AI monetization paths.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>What $100 Implies</strong></h2><p style=\"text-align: left;\">Based on the firm's 2028 base case—revenue of $157 billion (including average 6 GW of compute power at $16.5 per watt, and 35 million average consumer users at $46 monthly ARPU), and EBIT of approximately $69 billion—if the stock falls to $100, SpaceX would trade at 18x FY28 EV/EBIT, roughly in line with the median for comparable companies, but its revenue CAGR from 2025 to 2030 is 76%, about three times the 26% median for peers.</p><p style=\"text-align: left;\">From a cross-sectional perspective, 18x EV/EBIT would rank roughly 81st in the S&P 500 (excluding financials and real estate), in the same range as Boeing (21x), Waste Management (19x), CSX (18x), and Garmin (18x).</p><p style=\"text-align: left;\">Breaking down further, if the rocket launch + Starlink business is valued at 40x EV/EBITDA (slightly below the space peer median of 46x), the implied value of the AI business would be exactly zero. If using a 50x multiple (slightly above the median), the AI business would have an implied negative value of $300 billion. Morgan Stanley believes both scenarios are unreasonable.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d7969db08f2aa56aa737daf0bf17011\" data-align=\"center\" tg-width=\"640\" tg-height=\"384\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Core Business Alone Supports Current Stock Price</strong></h2><p style=\"text-align: left;\">Even completely excluding AI value, SpaceX's rocket launch + Starlink business alone is sufficient to support the current stock price.</p><p style=\"text-align: left;\">The firm's 15-year DCF model values the rocket launch + Starlink business alone at approximately $136 per share, using a 56x EV/EBITDA multiple. At the assumed $100 price, this implies the market is pricing the 2028 EBITDA for this business about 28% below Morgan Stanley's base case, while assigning zero value to AI.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4b6cba6dfa6b2529f94f156458da7c36\" data-align=\"center\" tg-width=\"640\" tg-height=\"477\"><span></span></p><p style=\"text-align: left;\">Currently, SpaceX holds over three-quarters of the global market share in mass-to-orbit and maneuverable satellites in orbit. Its connectivity business is growing at nearly 50% this year, with an EBITDA margin of 40%. Buying SpaceX at current valuations means acquiring a space and connectivity business with a dominant market position and high growth visibility at a discount, with all AI option value essentially \"thrown in for free.\"</p><p style=\"text-align: left;\">From a sum-of-the-parts valuation, Morgan Stanley's base case target price of $300 is composed of: Space business $8, Connectivity business $128, X and Grok business $12, and Enterprise AI business $152.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0ef083bd1ebc06dae3661af53ae5b693\" data-align=\"center\" tg-width=\"640\" tg-height=\"338\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Near-Term Positive Catalysts</strong></h2><p style=\"text-align: left;\">On the launch front, Starship's 14th and 15th test flights are expected in September and October, respectively, potentially including the first capture of the V3 Super Heavy booster, the first orbital flight (with simultaneous deployment of operational V3 satellites), and the first capture of the Starship upper stage.</p><p style=\"text-align: left;\">On the AI front, Grok 4.6 (a 2 trillion parameter model) is expected to be released within the next month, and Grok 5.0 (a 6 trillion parameter model) is expected later this year. The Cursor acquisition is expected to close by the end of Q3, at which point material updates on Cursor's Annual Recurring Revenue (ARR) and Grok platform adoption rates will be disclosed.</p><p style=\"text-align: left;\">On the compute expansion front, SpaceX expects to double its computing capacity from current levels to 2 GW by year-end, which could drive more large neocloud contracts.</p><p style=\"text-align: left;\">Given that the market is currently pricing almost no value for AI, any positive developments in these areas could serve as a catalyst for upward stock price revision.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Key Risks Cannot Be Ignored</strong></h2><p style=\"text-align: left;\">In the near term, the stock faces dual pressures: first, the upcoming lockup expiry will bring additional supply pressure; second, the upcoming earnings report may not answer the questions investors care about most.</p><p style=\"text-align: left;\">The bear case (target price $75) assumes: Starship delays compress the narrative, AI monetization is significantly slower than expected, the rocket launch + Starlink business accounts for over 90% of total valuation, and Starship operations are delayed to 2029.</p><p style=\"text-align: left;\">Other major downside risks include: slowing Starlink user growth, high per-watt costs for AI infrastructure, extended AI business build cycles, equity dilution from increased financing needs, and regulatory uncertainty.</p><p style=\"text-align: left;\">The bull case (target price $600) assumes full acceleration of Starship, orbital compute, and Terafab deployment, with AI accounting for over 60% of total valuation and compute deployment growing at a 46% CAGR.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCH":"2倍做多SpaceX ETF-Leverage Shares","SPAL":"2倍做多Space X ETF-GraniteShares","SPCX":"SPAC and New Issue ETF","SPCF":"2倍做多SpaceX ETF-ProShares","SPAX":"2倍做多SPACEX ETF-T-REX","SSPC":"2倍做空SpaceX ETF-Leverage Shares","SPCM":"2倍做多SpaceX ETF-Tradr","SPCG":"2倍做空SpaceX ETF-Tradr","SPCU":"2倍做多SpaceX ETF-Defiance","SNK":"2倍做空SpaceX ETF-GraniteShares","LOFF":"2倍做多SpaceX ETF-Direxion","SPCQ":"2倍做空SpaceX ETF-Defiance"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107057182","content_text":"Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price, meaning the AI option value is nearly \"free\" at these levels.SpaceX shares are under pressure from the looming lockup expiry, but Morgan Stanley believes this creates a valuation mispricing buying opportunity.On Monday, SpaceX shares fell to a low of $108.66 during trading, a new all-time low, and have more than halved from their peak of $225.64. As the lockup period expiry approaches, some investors expect the stock could fall further to $100.According to TradeUP, Morgan Stanley analyst Adam Jonas released a report stating that if the stock does drop to $100, it would imply the market's valuation of SpaceX's AI business is zero or negative, while the implied 2028 EBITDA for the rocket launch + Starlink business would be about 30% below the firm's base case.The firm maintains an Overweight rating on SpaceX with a price target of $300. Morgan Stanley believes the divergence between current bearish sentiment and fundamentals creates an attractive entry point—at prices below $120, investors are essentially getting the option value of the company's entire AI business for \"free,\" while the core rocket launch + Starlink business alone covers the current stock price.Divergence Between Market Sentiment and FundamentalsDespite no material changes in SpaceX's fundamentals over the past few weeks, bearish conviction has actually been strengthening, while bulls are increasingly waiting for clearer catalysts.From investor conversations, the core of the disagreement lies in the pricing of the AI business. Most investors are heavily discounting or completely ignoring the value of Grok and Cursor, believing that AI monetization opportunities are primarily concentrated in the neocloud space.Reasons include: AI business capital expenditure being too high relative to the rocket launch + Starlink business, significant uncertainty in the economic model, and management's excessive focus on this business.Some investors even assign a negative value to AI, believing that high capital expenditure will erode overall value. Morgan Stanley disagrees, arguing that this pricing approach is too conservative and ignores multiple potential AI monetization paths.What $100 ImpliesBased on the firm's 2028 base case—revenue of $157 billion (including average 6 GW of compute power at $16.5 per watt, and 35 million average consumer users at $46 monthly ARPU), and EBIT of approximately $69 billion—if the stock falls to $100, SpaceX would trade at 18x FY28 EV/EBIT, roughly in line with the median for comparable companies, but its revenue CAGR from 2025 to 2030 is 76%, about three times the 26% median for peers.From a cross-sectional perspective, 18x EV/EBIT would rank roughly 81st in the S&P 500 (excluding financials and real estate), in the same range as Boeing (21x), Waste Management (19x), CSX (18x), and Garmin (18x).Breaking down further, if the rocket launch + Starlink business is valued at 40x EV/EBITDA (slightly below the space peer median of 46x), the implied value of the AI business would be exactly zero. If using a 50x multiple (slightly above the median), the AI business would have an implied negative value of $300 billion. Morgan Stanley believes both scenarios are unreasonable.Core Business Alone Supports Current Stock PriceEven completely excluding AI value, SpaceX's rocket launch + Starlink business alone is sufficient to support the current stock price.The firm's 15-year DCF model values the rocket launch + Starlink business alone at approximately $136 per share, using a 56x EV/EBITDA multiple. At the assumed $100 price, this implies the market is pricing the 2028 EBITDA for this business about 28% below Morgan Stanley's base case, while assigning zero value to AI.Currently, SpaceX holds over three-quarters of the global market share in mass-to-orbit and maneuverable satellites in orbit. Its connectivity business is growing at nearly 50% this year, with an EBITDA margin of 40%. Buying SpaceX at current valuations means acquiring a space and connectivity business with a dominant market position and high growth visibility at a discount, with all AI option value essentially \"thrown in for free.\"From a sum-of-the-parts valuation, Morgan Stanley's base case target price of $300 is composed of: Space business $8, Connectivity business $128, X and Grok business $12, and Enterprise AI business $152.Near-Term Positive CatalystsOn the launch front, Starship's 14th and 15th test flights are expected in September and October, respectively, potentially including the first capture of the V3 Super Heavy booster, the first orbital flight (with simultaneous deployment of operational V3 satellites), and the first capture of the Starship upper stage.On the AI front, Grok 4.6 (a 2 trillion parameter model) is expected to be released within the next month, and Grok 5.0 (a 6 trillion parameter model) is expected later this year. The Cursor acquisition is expected to close by the end of Q3, at which point material updates on Cursor's Annual Recurring Revenue (ARR) and Grok platform adoption rates will be disclosed.On the compute expansion front, SpaceX expects to double its computing capacity from current levels to 2 GW by year-end, which could drive more large neocloud contracts.Given that the market is currently pricing almost no value for AI, any positive developments in these areas could serve as a catalyst for upward stock price revision.Key Risks Cannot Be IgnoredIn the near term, the stock faces dual pressures: first, the upcoming lockup expiry will bring additional supply pressure; second, the upcoming earnings report may not answer the questions investors care about most.The bear case (target price $75) assumes: Starship delays compress the narrative, AI monetization is significantly slower than expected, the rocket launch + Starlink business accounts for over 90% of total valuation, and Starship operations are delayed to 2029.Other major downside risks include: slowing Starlink user growth, high per-watt costs for AI infrastructure, extended AI business build cycles, equity dilution from increased financing needs, and regulatory uncertainty.The bull case (target price $600) assumes full acceleration of Starship, orbital compute, and Terafab deployment, with AI accounting for over 60% of total valuation and compute deployment growing at a 46% CAGR.","news_type":1,"symbols_score_info":{"SPAL":0.6,"SPCX":2,"SPCF":0.6,"LOFF":0.6,"SPCG":0.6,"SPAX":0.6,"SPCQ":0.6,"SPCU":0.6,"SPCM":0.6,"SNK":0.6,"SSPC":0.6,"SPCH":0.6}},"isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[{"id":624285355221768,"gmtCreate":1793446885527,"gmtModify":1793447409685,"author":{"id":"3575712158925738","authorId":"3575712158925738","name":"JP25","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575712158925738","idStr":"3575712158925738"},"themes":[],"title":"","htmlText":"It's the call options that caused the downfall. Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.","listText":"It's the call options that caused the downfall. Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.","text":"It's the call options that caused the downfall. Those who bought call options, hoping for the stock to go up, are dumb, because the MM is not going to pay the calls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/624285355221768","repostId":"1175651425","repostType":2,"repost":{"id":"1175651425","kind":"video","weMediaInfo":{"introduction":"Options & Short Sell","home_visible":1,"media_name":"Options & Short Sell","id":"1035022285","head_image":"https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921"},"pubTimestamp":1793445681,"share":"https://ttm.financial/m/news/1175651425?lang=en_US&edition=fundamental","pubTime":"2026-10-31 19:21","market":"us","language":"en","title":"SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?","url":"https://stock-news.laohu8.com/highlight/detail?id=1175651425","media":"Options & Short Sell","summary":"","content":"<html><head></head><body></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSanDisk Posts Blowout Earnings—So Why Did Its Stock Plunge?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-10-31 19:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDQ":"2倍做空SNDK ETF-Tradr","SNDK":"闪迪","SNDC":"2倍做多SNDK ETF-Corgi","SNDU":"2倍做多SNDK ETF-T-REX","SNXX":"2倍做多SNDK ETF-Tradr","SNDG":"2倍做多SNDK ETF-Leverage Shares"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175651425","news_type":1,"symbols_score_info":{"SNDC":0.6,"SNDQ":0.6,"SNDU":0.6,"SNXX":0.6,"SNDK":2,"SNDG":0.6}},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":624291539886416,"gmtCreate":1793448391883,"gmtModify":1793448394827,"author":{"id":"3563875545226282","authorId":"3563875545226282","name":"aalyn","avatar":"https://static.tigerbbs.com/a665f066b4aaca8c78e998356714d014","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3563875545226282","idStr":"3563875545226282"},"themes":[],"title":"","htmlText":"GO H8&nbsp;","listText":"GO H8&nbsp;","text":"GO H8","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/624291539886416","repostId":"1101421336","repostType":2,"repost":{"id":"1101421336","kind":"video","weMediaInfo":{"introduction":"Options & Short Sell","home_visible":1,"media_name":"Options & Short Sell","id":"1035022285","head_image":"https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921"},"pubTimestamp":1793003020,"share":"https://ttm.financial/m/news/1101421336?lang=en_US&edition=fundamental","pubTime":"2026-10-26 16:23","market":"us","language":"en","title":"Citrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google","url":"https://stock-news.laohu8.com/highlight/detail?id=1101421336","media":"Options & Short Sell","summary":"Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few...","content":"<html><head></head><body><p style=\"text-align: left;\">Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few semiconductor stocks, and had some short positions. That does not mean he is bearish on chips across the board: he remains positive on Nvidia, but believes more attractive opportunities may lie in other AI applications.</p><p style=\"text-align: left;\">His biggest concern is <strong>the changing way AI infrastructure is financed</strong>. In the past, tech giants largely built computing capacity with cash generated by their businesses, giving spending a fundamental basis even when market sentiment fluctuated. Now, a growing share of new investment relies on equity and debt financing. Citrini believes that even if AI continues to advance and usage keeps growing, investors could still pay too much for capacity. If sentiment turns, the flow of new funding could also dry up quickly.</p><p style=\"text-align: left;\">As for specific trades, he said he currently has a “long Meta, short Google” position. He is watching the risk posed by changing search habits, as well as the pressure Google faces from talent departures. At the same time, he acknowledged that the eventual impact on its search business remains uncertain.</p><p style=\"text-align: left;\">On AI drug discovery, he pointed to a constraint that is harder to scale quickly than computing power: <strong>a shortage of laboratory monkeys needed for preclinical testing</strong>. Computer simulations may eventually reduce the need for animal testing, but reliable models still require experimental data today. Because breeding monkeys takes time, supply cannot increase as quickly as AI-driven research.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitrini On Its AI Investment Shift: Cutting Semiconductor Exposure, Long Meta And Short Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-10-26 16:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few semiconductor stocks, and had some short positions. That does not mean he is bearish on chips across the board: he remains positive on Nvidia, but believes more attractive opportunities may lie in other AI applications.</p><p style=\"text-align: left;\">His biggest concern is <strong>the changing way AI infrastructure is financed</strong>. In the past, tech giants largely built computing capacity with cash generated by their businesses, giving spending a fundamental basis even when market sentiment fluctuated. Now, a growing share of new investment relies on equity and debt financing. Citrini believes that even if AI continues to advance and usage keeps growing, investors could still pay too much for capacity. If sentiment turns, the flow of new funding could also dry up quickly.</p><p style=\"text-align: left;\">As for specific trades, he said he currently has a “long Meta, short Google” position. He is watching the risk posed by changing search habits, as well as the pressure Google faces from talent departures. At the same time, he acknowledged that the eventual impact on its search business remains uncertain.</p><p style=\"text-align: left;\">On AI drug discovery, he pointed to a constraint that is harder to scale quickly than computing power: <strong>a shortage of laboratory monkeys needed for preclinical testing</strong>. Computer simulations may eventually reduce the need for animal testing, but reliable models still require experimental data today. Because breeding monkeys takes time, supply cannot increase as quickly as AI-driven research.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FBL":"2倍做多META ETF-GraniteShares","TSYY":"收益增强TSLA ETF-GraniteShares","MSFC":"2倍做多MSFT ETF-Corgi","APLY":"AAPL期权收益策略ETF-YieldMax","MSFD":"1倍做空MSFT ETF-Direxion","TSDD":"2倍做空TSLA ETF-GraniteShares","GOOP":"KURV YIELD PREMIUM STRATEGY GOOGLE (GOOGL) ETF","CRSH":"做空TSLA 期权收益策略ETF-YieldMax","MSFL":"2倍做多MSFT ETF-GraniteShares","TLA":"GraniteShares Autocallable TSLA ETF","MSFO":"MSFT期权收益策略ETF-YieldMax","GOOX":"2倍做多GOOG ETF-T-REX","AAPB":"2倍做多AAPL ETF-GraniteShares","MSFU":"2倍做多MSFT ETF-Direxion","FBX":"Corgi META 2x Daily ETF","AAPD":"1倍做空AAPL ETF-Direxion","FBY":"META期权收益策略ETF-YieldMax","MSFW":"Roundhill MSFT WeeklyPay ETF","AAPE":"Leverage Shares 2X Long AAPL Daily ETF","MSFX":"2倍做多MSFT ETF-T-Rex","FBYY":"GraniteShares YieldBOOST META ETF","MSFT":"微软","MSFY":"Kurv Yield Premium Strategy Microsoft (MSFT) ETF","DIPS":"做空NVDA期权收益策略ETF-YieldMax","AAPU":"2倍做多AAPL ETF-Direxion","AAPW":"AAPL周配息ETF-Roundhill","AAPX":"2倍做多Apple ETF-T-Rex","AAPY":"AAPL收益溢价策略ETF-Kurv","07366":"南方两倍做空特斯拉","AMZN":"亚马逊","AMZD":"1倍做空AMZN ETF-Direxion","NVC":"Corgi NVDA 2x Daily ETF","AAPL":"苹果","NVD":"2倍做空NVDA ETF-GraniteShares","AMZG":"Leverage Shares 2X Long AMZN Daily ETF","07388":"南方两倍做空英伟达","AMZO":"Tradr 2x Short Amzn Daily Etf","NVDB":"ProShares Ultra NVDA ETF","NVDD":"1倍做空NVDA ETF-Direxion","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","NVDG":"2倍做多NVDA ETF- Leverage Shares","AMZU":"2倍做多AMZN ETF-Direxion","ELOL":"Leverage Shares 100% TSLA and 100% SPCX Daily ETF","AMZW":"Roundhill AMZN WeeklyPay™ ETF","NVDL":"2倍做多NVDA ETF-GraniteShares","TESC":"Corgi TSLA 2x Daily ETF","AMZY":"AMZN期权收益策略ETF-YieldMax","NVDQ":"2倍做空NVDA ETF-T-Rex","NVDA":"英伟达","TSLA":"特斯拉","TESL":"Simplify Volt TSLA Revolution ETF","09366":"南方两倍做空特斯拉-U","AMZZ":"2倍做多AMZN ETF-GraniteShares","NVDS":"1.5倍做空NVDA ETF-Tradr","TEST":"YieldMax TSLA Performance & Distribution Target 25 ETF","TSLZ":"2倍做空TSLA ETF-T-Rex","NVDU":"2倍做多NVDA ETF-Direxion","AMAA":"Corgi AMZN 2x Daily ETF","TSLY":"TSLA期权收益策略ETF-YieldMax","NVDW":"NVDA周配息ETF-Roundhill","NVDX":"2倍做多NVDA ETF-T-Rex","TSLW":"TSLA周配息ETF-Roundhill","TSLT":"2倍做多TSLA ETF-T-Rex","NVDY":"NVDA期权收益策略ETF-YieldMax","09766":"南方两倍做多特斯拉-U","TSLS":"1倍做空TSLA ETF-Direxion","07766":"南方两倍做多特斯拉","NVII":"Rex NVDA Growth & Income ETF","TSLR":"2倍做多TSLA ETF-GraniteShares","TSLQ":"2倍做空TSLA ETF-Tradr","ANV":"GraniteShares Autocallable NVDA ETF","07788":"南方两倍做多英伟达","TSLP":"TSLA收益溢价策略ETF-Kurv","AZYY":"GraniteShares YieldBOOST AMZN ETF","TSLL":"2倍做多TSLA ETF-Direxion","TSLI":"2倍做多TSLA ETF-ProShares","METD":"1倍做空META ETF-Direxion","TSLG":"2倍做多TSLA ETF-Leverage Shares","TSL":"1.25倍做多TSLA ETF-GraniteShares","METG":"Leverage Shares 2x Long META Daily ETF","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","TSII":"REX TSLA Growth & Income ETF","METQ":"Tradr 2X Short META Daily ETF","TSLO":"2倍上限加速TSLA ETF-Leverage Shares","IOSX":"Corgi AAPL 2x Daily ETF","METU":"2倍做多META ETF-Direxion","NVYY":"GraniteShares YieldBOOST NVDA ETF","META":"Meta Platforms, Inc.","METW":"Roundhill META WeeklyPay™ ETF","GOOG":"谷歌"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101421336","content_text":"Citrini, an investor who drew attention for his bullish stance on AI hardware, has since adjusted his positions. In an interview, he said he had reduced his semiconductor exposure, held very few semiconductor stocks, and had some short positions. That does not mean he is bearish on chips across the board: he remains positive on Nvidia, but believes more attractive opportunities may lie in other AI applications.His biggest concern is the changing way AI infrastructure is financed. In the past, tech giants largely built computing capacity with cash generated by their businesses, giving spending a fundamental basis even when market sentiment fluctuated. Now, a growing share of new investment relies on equity and debt financing. Citrini believes that even if AI continues to advance and usage keeps growing, investors could still pay too much for capacity. If sentiment turns, the flow of new funding could also dry up quickly.As for specific trades, he said he currently has a “long Meta, short Google” position. He is watching the risk posed by changing search habits, as well as the pressure Google faces from talent departures. At the same time, he acknowledged that the eventual impact on its search business remains uncertain.On AI drug discovery, he pointed to a constraint that is harder to scale quickly than computing power: a shortage of laboratory monkeys needed for preclinical testing. Computer simulations may eventually reduce the need for animal testing, but reliable models still require experimental data today. Because breeding monkeys takes time, supply cannot increase as quickly as AI-driven research.","news_type":1,"symbols_score_info":{"ELOL":0.6,"AMZY":0.6,"TSLZ":0.6,"NVD":0.6,"NVDQ":0.6,"GOOG":2,"TEST":0.6,"METD":0.6,"TSLQ":0.6,"TSLP":0.6,"NVDU":0.6,"GOOP":0.6,"NVDA":2,"GOOX":0.6,"NVDD":0.6,"NVDO":0.6,"07766":0.6,"AAPE":0.6,"TESC":0.6,"AMZG":0.6,"AMZN":2,"TSII":0.6,"MSFU":0.6,"AAPY":0.6,"MSFT":2,"07366":0.6,"MSFD":0.6,"NVII":0.6,"AMAA":0.6,"TSLY":0.6,"TSLG":0.6,"CRSH":0.6,"NVYY":0.6,"FBL":0.6,"AAPU":0.6,"MSFY":0.6,"AAPL":2,"AMZD":0.6,"AAPX":0.6,"ANV":0.6,"META":2,"AAPB":0.6,"07788":0.6,"TESL":0.6,"TSLO":0.6,"TSYY":0.6,"AAPW":0.6,"TSLA":2,"TSLT":0.6,"MSFL":0.6,"METQ":0.6,"AAPD":0.6,"AMZU":0.6,"TSLS":0.6,"AMZW":0.6,"NVDX":0.6,"NVC":0.6,"MSFX":0.6,"TSLW":0.6,"FBYY":0.6,"NVDW":0.6,"AMZO":0.6,"09766":0.6,"METW":0.6,"TSLI":0.6,"MSFO":0.6,"NVDB":0.6,"TSLR":0.6,"TLA":0.6,"APLY":0.6,"AZYY":0.6,"07388":0.6,"NVDG":0.6,"DIPS":0.6,"FBY":0.6,"IOSX":0.6,"TSDD":0.6,"09366":0.6,"AMZZ":0.6,"NVDY":0.6,"MSFW":0.6,"MSFC":0.6,"TSLL":0.6,"NVDL":0.6,"TSL":0.6,"FBX":0.6,"METG":0.6,"METU":0.6,"NVDS":0.6,"AMZP":0.6}},"isVote":1,"tweetType":1,"viewCount":20,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":594027695362592,"gmtCreate":1786057916076,"gmtModify":1786063130156,"author":{"id":"4235649508181162","authorId":"4235649508181162","name":"wig trader","avatar":"https://community-static.tradeup.com/news/cce95fd388d3781c6f60635e31c475df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4235649508181162","idStr":"4235649508181162"},"themes":[],"title":"","htmlText":"Amazon continues to make me smile numouroues times a month, that being all to accurate&nbsp;of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago,&nbsp; This next&nbsp;topic makes me sound nieve&nbsp; as there in nothing inaccurate in saying like that, this is the topic of data centres and&nbsp;the data centres that are&nbsp; being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA&nbsp;within the shortage of having and requiring an abundance of as many functioning centres&nbsp;at the&nbsp;data storing&nbsp;stage. The race is to construct many of&nbsp;&nbsp;these structures and&nbsp;how many will&nbsp;be errected before the biggest s&amp;p ones even&nbsp;Mono","listText":"Amazon continues to make me smile numouroues times a month, that being all to accurate&nbsp;of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago,&nbsp; This next&nbsp;topic makes me sound nieve&nbsp; as there in nothing inaccurate in saying like that, this is the topic of data centres and&nbsp;the data centres that are&nbsp; being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA&nbsp;within the shortage of having and requiring an abundance of as many functioning centres&nbsp;at the&nbsp;data storing&nbsp;stage. The race is to construct many of&nbsp;&nbsp;these structures and&nbsp;how many will&nbsp;be errected before the biggest s&amp;p ones even&nbsp;Mono","text":"Amazon continues to make me smile numouroues times a month, that being all to accurate of late so good for Amazon owners, it wasn't easy to decide me from selling 6 of them not far off apex a couple days ago, This next topic makes me sound nieve as there in nothing inaccurate in saying like that, this is the topic of data centres and the data centres that are being constructed now costing near hundreds of millions so these factories start to have operational centres creating DATA within the shortage of having and requiring an abundance of as many functioning centres at the data storing stage. The race is to construct many of these structures and how many will be errected before the biggest s&p ones even Mono","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/594027695362592","repostId":"1121504170","repostType":2,"repost":{"id":"1121504170","kind":"video","weMediaInfo":{"introduction":"Options & Short Sell","home_visible":1,"media_name":"Options & Short Sell","id":"1035022285","head_image":"https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921"},"pubTimestamp":1786016479,"share":"https://ttm.financial/m/news/1121504170?lang=en_US&edition=fundamental","pubTime":"2026-08-06 19:41","market":"us","language":"en","title":"The Massive $7M Amazon Bet You Need To See!","url":"https://stock-news.laohu8.com/highlight/detail?id=1121504170","media":"Options & Short Sell","summary":"","content":"<html><head></head><body></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Massive $7M Amazon Bet You Need To See!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Massive $7M Amazon Bet You Need To See!\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-08-06 19:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","AMZY":"AMZN期权收益策略ETF-YieldMax","AMZU":"2倍做多AMZN ETF-Direxion","AMZZ":"2倍做多AMZN ETF-GraniteShares","AZYY":"GraniteShares YieldBOOST AMZN ETF","AMZW":"Roundhill AMZN WeeklyPay™ ETF","AMZD":"1倍做空AMZN ETF-Direxion"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121504170","news_type":1,"symbols_score_info":{"AMZU":0.6,"AZYY":0.6,"AMZY":0.6,"AMZZ":0.6,"AMZW":0.6,"AMZD":0.6,"AMZN":2,"AMZP":0.6}},"isVote":1,"tweetType":1,"viewCount":2851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":590727012586032,"gmtCreate":1785217118508,"gmtModify":1785218973599,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4131703342800552","idStr":"4131703342800552"},"themes":[],"title":"","htmlText":"Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨&nbsp; More like false propellants.","listText":"Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨&nbsp; More like false propellants.","text":"Ah, classic market theater. The real mispricing wasn’t at $110 — it was baked in at the IPO, when hype rockets were launched with promises shinier than the Falcon 9’s paint job. Investors were basically buying tickets to a magic show where the magician forgot the rabbit.So yeah, “approaches $100” sounds dramatic, but the punchline is: the market already paid for the illusion upfront, and now it’s just watching the smoke machine sputter. 🚀✨ More like false propellants.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/590727012586032","repostId":"1107057182","repostType":2,"repost":{"id":"1107057182","kind":"news","weMediaInfo":{"introduction":"Options & Short Sell","home_visible":1,"media_name":"Options & Short Sell","id":"1035022285","head_image":"https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921"},"pubTimestamp":1785206173,"share":"https://ttm.financial/m/news/1107057182?lang=en_US&edition=fundamental","pubTime":"2026-07-28 10:36","market":"hk","language":"en","title":"SpaceX Approaches $100: Where Is The Market's Mispricing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1107057182","media":"Options & Short Sell","summary":"Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price,...","content":"<p style=\"text-align: left;\">Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price, meaning the AI option value is nearly \"free\" at these levels.</p><p style=\"text-align: left;\">SpaceX shares are under pressure from the looming lockup expiry, but Morgan Stanley believes this creates a valuation mispricing buying opportunity.</p><p style=\"text-align: left;\">On Monday, SpaceX shares fell to a low of $108.66 during trading, a new all-time low, and have more than halved from their peak of $225.64. As the lockup period expiry approaches, some investors expect the stock could fall further to $100.</p><p style=\"text-align: left;\">According to TradeUP, Morgan Stanley analyst Adam Jonas released a report stating that if the stock does drop to $100, it would imply the market's valuation of SpaceX's AI business is zero or negative, while the implied 2028 EBITDA for the rocket launch + Starlink business would be about 30% below the firm's base case.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/967b8338ceb03a96ba3cd2ace542345a\" data-align=\"center\" tg-width=\"640\" tg-height=\"459\"><span></span></p><p style=\"text-align: left;\">The firm maintains an Overweight rating on SpaceX with a price target of $300. Morgan Stanley believes the divergence between current bearish sentiment and fundamentals creates an attractive entry point—at prices below $120, investors are essentially getting the option value of the company's entire AI business for \"free,\" while the core rocket launch + Starlink business alone covers the current stock price.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Divergence Between Market Sentiment and Fundamentals</strong></h2><p style=\"text-align: left;\">Despite no material changes in SpaceX's fundamentals over the past few weeks, bearish conviction has actually been strengthening, while bulls are increasingly waiting for clearer catalysts.</p><p style=\"text-align: left;\">From investor conversations, the core of the disagreement lies in the pricing of the AI business. Most investors are heavily discounting or completely ignoring the value of Grok and Cursor, believing that AI monetization opportunities are primarily concentrated in the neocloud space.</p><p style=\"text-align: left;\">Reasons include: AI business capital expenditure being too high relative to the rocket launch + Starlink business, significant uncertainty in the economic model, and management's excessive focus on this business.</p><p style=\"text-align: left;\">Some investors even assign a negative value to AI, believing that high capital expenditure will erode overall value. Morgan Stanley disagrees, arguing that this pricing approach is too conservative and ignores multiple potential AI monetization paths.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>What $100 Implies</strong></h2><p style=\"text-align: left;\">Based on the firm's 2028 base case—revenue of $157 billion (including average 6 GW of compute power at $16.5 per watt, and 35 million average consumer users at $46 monthly ARPU), and EBIT of approximately $69 billion—if the stock falls to $100, SpaceX would trade at 18x FY28 EV/EBIT, roughly in line with the median for comparable companies, but its revenue CAGR from 2025 to 2030 is 76%, about three times the 26% median for peers.</p><p style=\"text-align: left;\">From a cross-sectional perspective, 18x EV/EBIT would rank roughly 81st in the S&P 500 (excluding financials and real estate), in the same range as Boeing (21x), Waste Management (19x), CSX (18x), and Garmin (18x).</p><p style=\"text-align: left;\">Breaking down further, if the rocket launch + Starlink business is valued at 40x EV/EBITDA (slightly below the space peer median of 46x), the implied value of the AI business would be exactly zero. If using a 50x multiple (slightly above the median), the AI business would have an implied negative value of $300 billion. Morgan Stanley believes both scenarios are unreasonable.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d7969db08f2aa56aa737daf0bf17011\" data-align=\"center\" tg-width=\"640\" tg-height=\"384\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Core Business Alone Supports Current Stock Price</strong></h2><p style=\"text-align: left;\">Even completely excluding AI value, SpaceX's rocket launch + Starlink business alone is sufficient to support the current stock price.</p><p style=\"text-align: left;\">The firm's 15-year DCF model values the rocket launch + Starlink business alone at approximately $136 per share, using a 56x EV/EBITDA multiple. At the assumed $100 price, this implies the market is pricing the 2028 EBITDA for this business about 28% below Morgan Stanley's base case, while assigning zero value to AI.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4b6cba6dfa6b2529f94f156458da7c36\" data-align=\"center\" tg-width=\"640\" tg-height=\"477\"><span></span></p><p style=\"text-align: left;\">Currently, SpaceX holds over three-quarters of the global market share in mass-to-orbit and maneuverable satellites in orbit. Its connectivity business is growing at nearly 50% this year, with an EBITDA margin of 40%. Buying SpaceX at current valuations means acquiring a space and connectivity business with a dominant market position and high growth visibility at a discount, with all AI option value essentially \"thrown in for free.\"</p><p style=\"text-align: left;\">From a sum-of-the-parts valuation, Morgan Stanley's base case target price of $300 is composed of: Space business $8, Connectivity business $128, X and Grok business $12, and Enterprise AI business $152.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0ef083bd1ebc06dae3661af53ae5b693\" data-align=\"center\" tg-width=\"640\" tg-height=\"338\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Near-Term Positive Catalysts</strong></h2><p style=\"text-align: left;\">On the launch front, Starship's 14th and 15th test flights are expected in September and October, respectively, potentially including the first capture of the V3 Super Heavy booster, the first orbital flight (with simultaneous deployment of operational V3 satellites), and the first capture of the Starship upper stage.</p><p style=\"text-align: left;\">On the AI front, Grok 4.6 (a 2 trillion parameter model) is expected to be released within the next month, and Grok 5.0 (a 6 trillion parameter model) is expected later this year. The Cursor acquisition is expected to close by the end of Q3, at which point material updates on Cursor's Annual Recurring Revenue (ARR) and Grok platform adoption rates will be disclosed.</p><p style=\"text-align: left;\">On the compute expansion front, SpaceX expects to double its computing capacity from current levels to 2 GW by year-end, which could drive more large neocloud contracts.</p><p style=\"text-align: left;\">Given that the market is currently pricing almost no value for AI, any positive developments in these areas could serve as a catalyst for upward stock price revision.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Key Risks Cannot Be Ignored</strong></h2><p style=\"text-align: left;\">In the near term, the stock faces dual pressures: first, the upcoming lockup expiry will bring additional supply pressure; second, the upcoming earnings report may not answer the questions investors care about most.</p><p style=\"text-align: left;\">The bear case (target price $75) assumes: Starship delays compress the narrative, AI monetization is significantly slower than expected, the rocket launch + Starlink business accounts for over 90% of total valuation, and Starship operations are delayed to 2029.</p><p style=\"text-align: left;\">Other major downside risks include: slowing Starlink user growth, high per-watt costs for AI infrastructure, extended AI business build cycles, equity dilution from increased financing needs, and regulatory uncertainty.</p><p style=\"text-align: left;\">The bull case (target price $600) assumes full acceleration of Starship, orbital compute, and Terafab deployment, with AI accounting for over 60% of total valuation and compute deployment growing at a 46% CAGR.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SpaceX Approaches $100: Where Is The Market's Mispricing?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpaceX Approaches $100: Where Is The Market's Mispricing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035022285\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/40fbe6a903ff65dc5dfc87d3f319c921);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Options & Short Sell </p>\n<p class=\"h-time\">2026-07-28 10:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p style=\"text-align: left;\">Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price, meaning the AI option value is nearly \"free\" at these levels.</p><p style=\"text-align: left;\">SpaceX shares are under pressure from the looming lockup expiry, but Morgan Stanley believes this creates a valuation mispricing buying opportunity.</p><p style=\"text-align: left;\">On Monday, SpaceX shares fell to a low of $108.66 during trading, a new all-time low, and have more than halved from their peak of $225.64. As the lockup period expiry approaches, some investors expect the stock could fall further to $100.</p><p style=\"text-align: left;\">According to TradeUP, Morgan Stanley analyst Adam Jonas released a report stating that if the stock does drop to $100, it would imply the market's valuation of SpaceX's AI business is zero or negative, while the implied 2028 EBITDA for the rocket launch + Starlink business would be about 30% below the firm's base case.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/967b8338ceb03a96ba3cd2ace542345a\" data-align=\"center\" tg-width=\"640\" tg-height=\"459\"><span></span></p><p style=\"text-align: left;\">The firm maintains an Overweight rating on SpaceX with a price target of $300. Morgan Stanley believes the divergence between current bearish sentiment and fundamentals creates an attractive entry point—at prices below $120, investors are essentially getting the option value of the company's entire AI business for \"free,\" while the core rocket launch + Starlink business alone covers the current stock price.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Divergence Between Market Sentiment and Fundamentals</strong></h2><p style=\"text-align: left;\">Despite no material changes in SpaceX's fundamentals over the past few weeks, bearish conviction has actually been strengthening, while bulls are increasingly waiting for clearer catalysts.</p><p style=\"text-align: left;\">From investor conversations, the core of the disagreement lies in the pricing of the AI business. Most investors are heavily discounting or completely ignoring the value of Grok and Cursor, believing that AI monetization opportunities are primarily concentrated in the neocloud space.</p><p style=\"text-align: left;\">Reasons include: AI business capital expenditure being too high relative to the rocket launch + Starlink business, significant uncertainty in the economic model, and management's excessive focus on this business.</p><p style=\"text-align: left;\">Some investors even assign a negative value to AI, believing that high capital expenditure will erode overall value. Morgan Stanley disagrees, arguing that this pricing approach is too conservative and ignores multiple potential AI monetization paths.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>What $100 Implies</strong></h2><p style=\"text-align: left;\">Based on the firm's 2028 base case—revenue of $157 billion (including average 6 GW of compute power at $16.5 per watt, and 35 million average consumer users at $46 monthly ARPU), and EBIT of approximately $69 billion—if the stock falls to $100, SpaceX would trade at 18x FY28 EV/EBIT, roughly in line with the median for comparable companies, but its revenue CAGR from 2025 to 2030 is 76%, about three times the 26% median for peers.</p><p style=\"text-align: left;\">From a cross-sectional perspective, 18x EV/EBIT would rank roughly 81st in the S&P 500 (excluding financials and real estate), in the same range as Boeing (21x), Waste Management (19x), CSX (18x), and Garmin (18x).</p><p style=\"text-align: left;\">Breaking down further, if the rocket launch + Starlink business is valued at 40x EV/EBITDA (slightly below the space peer median of 46x), the implied value of the AI business would be exactly zero. If using a 50x multiple (slightly above the median), the AI business would have an implied negative value of $300 billion. Morgan Stanley believes both scenarios are unreasonable.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d7969db08f2aa56aa737daf0bf17011\" data-align=\"center\" tg-width=\"640\" tg-height=\"384\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Core Business Alone Supports Current Stock Price</strong></h2><p style=\"text-align: left;\">Even completely excluding AI value, SpaceX's rocket launch + Starlink business alone is sufficient to support the current stock price.</p><p style=\"text-align: left;\">The firm's 15-year DCF model values the rocket launch + Starlink business alone at approximately $136 per share, using a 56x EV/EBITDA multiple. At the assumed $100 price, this implies the market is pricing the 2028 EBITDA for this business about 28% below Morgan Stanley's base case, while assigning zero value to AI.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4b6cba6dfa6b2529f94f156458da7c36\" data-align=\"center\" tg-width=\"640\" tg-height=\"477\"><span></span></p><p style=\"text-align: left;\">Currently, SpaceX holds over three-quarters of the global market share in mass-to-orbit and maneuverable satellites in orbit. Its connectivity business is growing at nearly 50% this year, with an EBITDA margin of 40%. Buying SpaceX at current valuations means acquiring a space and connectivity business with a dominant market position and high growth visibility at a discount, with all AI option value essentially \"thrown in for free.\"</p><p style=\"text-align: left;\">From a sum-of-the-parts valuation, Morgan Stanley's base case target price of $300 is composed of: Space business $8, Connectivity business $128, X and Grok business $12, and Enterprise AI business $152.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0ef083bd1ebc06dae3661af53ae5b693\" data-align=\"center\" tg-width=\"640\" tg-height=\"338\"><span></span></p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Near-Term Positive Catalysts</strong></h2><p style=\"text-align: left;\">On the launch front, Starship's 14th and 15th test flights are expected in September and October, respectively, potentially including the first capture of the V3 Super Heavy booster, the first orbital flight (with simultaneous deployment of operational V3 satellites), and the first capture of the Starship upper stage.</p><p style=\"text-align: left;\">On the AI front, Grok 4.6 (a 2 trillion parameter model) is expected to be released within the next month, and Grok 5.0 (a 6 trillion parameter model) is expected later this year. The Cursor acquisition is expected to close by the end of Q3, at which point material updates on Cursor's Annual Recurring Revenue (ARR) and Grok platform adoption rates will be disclosed.</p><p style=\"text-align: left;\">On the compute expansion front, SpaceX expects to double its computing capacity from current levels to 2 GW by year-end, which could drive more large neocloud contracts.</p><p style=\"text-align: left;\">Given that the market is currently pricing almost no value for AI, any positive developments in these areas could serve as a catalyst for upward stock price revision.</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>Key Risks Cannot Be Ignored</strong></h2><p style=\"text-align: left;\">In the near term, the stock faces dual pressures: first, the upcoming lockup expiry will bring additional supply pressure; second, the upcoming earnings report may not answer the questions investors care about most.</p><p style=\"text-align: left;\">The bear case (target price $75) assumes: Starship delays compress the narrative, AI monetization is significantly slower than expected, the rocket launch + Starlink business accounts for over 90% of total valuation, and Starship operations are delayed to 2029.</p><p style=\"text-align: left;\">Other major downside risks include: slowing Starlink user growth, high per-watt costs for AI infrastructure, extended AI business build cycles, equity dilution from increased financing needs, and regulatory uncertainty.</p><p style=\"text-align: left;\">The bull case (target price $600) assumes full acceleration of Starship, orbital compute, and Terafab deployment, with AI accounting for over 60% of total valuation and compute deployment growing at a 46% CAGR.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCH":"2倍做多SpaceX ETF-Leverage Shares","SPAL":"2倍做多Space X ETF-GraniteShares","SPCX":"SPAC and New Issue ETF","SPCF":"2倍做多SpaceX ETF-ProShares","SPAX":"2倍做多SPACEX ETF-T-REX","SSPC":"2倍做空SpaceX ETF-Leverage Shares","SPCM":"2倍做多SpaceX ETF-Tradr","SPCG":"2倍做空SpaceX ETF-Tradr","SPCU":"2倍做多SpaceX ETF-Defiance","SNK":"2倍做空SpaceX ETF-GraniteShares","LOFF":"2倍做多SpaceX ETF-Direxion","SPCQ":"2倍做空SpaceX ETF-Defiance"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107057182","content_text":"Morgan Stanley is bullish on SpaceX: A $100 price implies the market is pricing its AI business at zero, while the rocket + Starlink business alone is sufficient to cover the current stock price, meaning the AI option value is nearly \"free\" at these levels.SpaceX shares are under pressure from the looming lockup expiry, but Morgan Stanley believes this creates a valuation mispricing buying opportunity.On Monday, SpaceX shares fell to a low of $108.66 during trading, a new all-time low, and have more than halved from their peak of $225.64. As the lockup period expiry approaches, some investors expect the stock could fall further to $100.According to TradeUP, Morgan Stanley analyst Adam Jonas released a report stating that if the stock does drop to $100, it would imply the market's valuation of SpaceX's AI business is zero or negative, while the implied 2028 EBITDA for the rocket launch + Starlink business would be about 30% below the firm's base case.The firm maintains an Overweight rating on SpaceX with a price target of $300. Morgan Stanley believes the divergence between current bearish sentiment and fundamentals creates an attractive entry point—at prices below $120, investors are essentially getting the option value of the company's entire AI business for \"free,\" while the core rocket launch + Starlink business alone covers the current stock price.Divergence Between Market Sentiment and FundamentalsDespite no material changes in SpaceX's fundamentals over the past few weeks, bearish conviction has actually been strengthening, while bulls are increasingly waiting for clearer catalysts.From investor conversations, the core of the disagreement lies in the pricing of the AI business. Most investors are heavily discounting or completely ignoring the value of Grok and Cursor, believing that AI monetization opportunities are primarily concentrated in the neocloud space.Reasons include: AI business capital expenditure being too high relative to the rocket launch + Starlink business, significant uncertainty in the economic model, and management's excessive focus on this business.Some investors even assign a negative value to AI, believing that high capital expenditure will erode overall value. Morgan Stanley disagrees, arguing that this pricing approach is too conservative and ignores multiple potential AI monetization paths.What $100 ImpliesBased on the firm's 2028 base case—revenue of $157 billion (including average 6 GW of compute power at $16.5 per watt, and 35 million average consumer users at $46 monthly ARPU), and EBIT of approximately $69 billion—if the stock falls to $100, SpaceX would trade at 18x FY28 EV/EBIT, roughly in line with the median for comparable companies, but its revenue CAGR from 2025 to 2030 is 76%, about three times the 26% median for peers.From a cross-sectional perspective, 18x EV/EBIT would rank roughly 81st in the S&P 500 (excluding financials and real estate), in the same range as Boeing (21x), Waste Management (19x), CSX (18x), and Garmin (18x).Breaking down further, if the rocket launch + Starlink business is valued at 40x EV/EBITDA (slightly below the space peer median of 46x), the implied value of the AI business would be exactly zero. If using a 50x multiple (slightly above the median), the AI business would have an implied negative value of $300 billion. Morgan Stanley believes both scenarios are unreasonable.Core Business Alone Supports Current Stock PriceEven completely excluding AI value, SpaceX's rocket launch + Starlink business alone is sufficient to support the current stock price.The firm's 15-year DCF model values the rocket launch + Starlink business alone at approximately $136 per share, using a 56x EV/EBITDA multiple. At the assumed $100 price, this implies the market is pricing the 2028 EBITDA for this business about 28% below Morgan Stanley's base case, while assigning zero value to AI.Currently, SpaceX holds over three-quarters of the global market share in mass-to-orbit and maneuverable satellites in orbit. Its connectivity business is growing at nearly 50% this year, with an EBITDA margin of 40%. Buying SpaceX at current valuations means acquiring a space and connectivity business with a dominant market position and high growth visibility at a discount, with all AI option value essentially \"thrown in for free.\"From a sum-of-the-parts valuation, Morgan Stanley's base case target price of $300 is composed of: Space business $8, Connectivity business $128, X and Grok business $12, and Enterprise AI business $152.Near-Term Positive CatalystsOn the launch front, Starship's 14th and 15th test flights are expected in September and October, respectively, potentially including the first capture of the V3 Super Heavy booster, the first orbital flight (with simultaneous deployment of operational V3 satellites), and the first capture of the Starship upper stage.On the AI front, Grok 4.6 (a 2 trillion parameter model) is expected to be released within the next month, and Grok 5.0 (a 6 trillion parameter model) is expected later this year. The Cursor acquisition is expected to close by the end of Q3, at which point material updates on Cursor's Annual Recurring Revenue (ARR) and Grok platform adoption rates will be disclosed.On the compute expansion front, SpaceX expects to double its computing capacity from current levels to 2 GW by year-end, which could drive more large neocloud contracts.Given that the market is currently pricing almost no value for AI, any positive developments in these areas could serve as a catalyst for upward stock price revision.Key Risks Cannot Be IgnoredIn the near term, the stock faces dual pressures: first, the upcoming lockup expiry will bring additional supply pressure; second, the upcoming earnings report may not answer the questions investors care about most.The bear case (target price $75) assumes: Starship delays compress the narrative, AI monetization is significantly slower than expected, the rocket launch + Starlink business accounts for over 90% of total valuation, and Starship operations are delayed to 2029.Other major downside risks include: slowing Starlink user growth, high per-watt costs for AI infrastructure, extended AI business build cycles, equity dilution from increased financing needs, and regulatory uncertainty.The bull case (target price $600) assumes full acceleration of Starship, orbital compute, and Terafab deployment, with AI accounting for over 60% of total valuation and compute deployment growing at a 46% CAGR.","news_type":1,"symbols_score_info":{"SPAL":0.6,"SPCX":2,"SPCF":0.6,"LOFF":0.6,"SPCG":0.6,"SPAX":0.6,"SPCQ":0.6,"SPCU":0.6,"SPCM":0.6,"SNK":0.6,"SSPC":0.6,"SPCH":0.6}},"isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"allBottom":false,"essenBottom":false}