After Warsh’s remarks, markets are once again pricing in higher odds of a rate hike: Treasury yields ↑, USD ↑, Nasdaq under pressure. But I don’t think the AI story is over — it’s starting to separate winners from losers. 🔥 Stocks I’m watching in the US: NVIDIA（$英伟达(NVDA)$ ）— The core AI chip play. On a pullback, I’m watching earnings and capex. Microsoft（$微软(MSFT)$ ） — Azure + Copilot. A more mature AI monetization story. GOOGL（$谷歌A(GOOGL)$ ） — Advertising cash flow + Cloud + AI. Strong core business. Amazon（ $亚马逊(AMZN)$ ) — Cloud + AI. The key question is whether
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Warsh Speaks: Is the Market About to Shift Can AI Still Run
Warsh Speaks: Is the Market About to Shift Can AI Still Run
Did you track the mRNA boom beforehand
MRNA’s move higher today isn’t simply a reaction to the news it reflects the market beginning to reprice Moderna’s future. The success of Intismeran is giving investors a glimpse of Moderna’s potential to evolve from a vaccine company into a biotech with the value of a broader cancer-treatment platform$Moderna, Inc.(MRNA)$
Did you track the mRNA boom beforehand
Review of the doubled trades this month
Wanted to drop a quick heartfelt update today. What a month it's been for our trading group: $AXTI : doubled 🚀$AXT Inc(AXTI)$ $NBIS : gained 40% 📈$NEBIUS(NBIS)$ $MRNA : doubled 🚀$Moderna, Inc.(MRNA)$ $SDOT : doubled 🚀$Sadot(SDOT)$ It sounds almost crazy, but the results are real. Truly grateful for all your support—it motivates me to build even sharper strategies. Today’s group update is vital. Ahead of tomorrow’s NVIDIA Corporation $英伟达(NVDA)$ earnings, I’ll explain how it affects the market and what posi
Review of the doubled trades this month
SPCX Earnings Revenue Surges161% Is AI the New Growth Engine
If you still think of SpaceX as just a rocket company, this latest earnings report might change your mind.$SpaceX(SPCX)$ $特斯拉(TSLA)$ $SPCX reported Q3 2026 revenue of $14.58B, up 161% YoY, with net income reaching $4.4B, compared with a loss of about $1.1B a year ago. The bigger story? AI is rapidly reshaping its revenue mix. 3 Key Takeaways Revenue is surging: $14.58B, +161% YoY SpaceX is no longer relying solely on rocket launches. AI computing, cloud services, and Starlink are driving expansion. AI is becoming the biggest revenue driver The Super Intelligence segment generated approximately $7.56B in quarterly revenue, up around 830% YoY. AI is no longer just a long-term story — it's b
SPCX Earnings Revenue Surges161% Is AI the New Growth Engine
Some thoughts on today’s market rotation
Some thoughts on today’s market rotation The market is showing an interesting divergence in premarket trading. Tech is starting to cool off, with weakness showing up across memory and AI infrastructure: $Micron Technology$美光科技(MU)$ $SanDisk($闪迪(SNDK)$ $SK hynix$SK海力士(SKHY)$ $Applied Optoelectronics$Applied Optoelectronics Inc.(AAOI)$ Meanwhile, healthcare names are quietly showing relative strength: $Regeneron$再生元制药公司(REGN)$ $Moderna$Moderna, Inc.(MRNA)$ This divergence is worth watchin
Some thoughts on today’s market rotation
Some thoughts on optical communications’ future outlook
The AI revolution has entered a new phase. The first wave was dominated by computing power — GPUs, accelerators, and HBM memory. However, as AI clusters scale to hundreds of thousands of GPUs, the next bottleneck is becoming clear: data movement. We believe optical communication is still in the early stages of a long-term growth cycle and will become one of the most important infrastructure layers supporting AI expansion.$Applied Optoelectronics Inc.(AAOI)$ $Lumentum Holdings Inc.(LITE)$ $Coherent(COHR)$
Some thoughts on optical communications’ future outlook
$SMCI: Goldman Says Sell, But I’m Still Bullish
$SMCI: Strong Earnings, But Wall Street Still Doubts It$超微电脑(SMCI)$ SMCI just delivered a major upside surprise • Revenue guidance raised to $18.5B–$19.5B, well above expectations • Gross margin guidance improved to 12%–12.5% • Strong AI server demand continues to drive growth Goldman Sachs still rates it Sell with a $34 price target, citing valuation and funding risks My take: I remain bullish on SMCI’s growth potential. AI demand is real, and improving margins are an encouraging sign. The key is whether the company can turn explosive revenue growth into sustainable profits and cash flow. Watch the Nov. 3 earnings call. The opportunity is there, but execution matters
Is the market’s valuation of AI starting to recover?
Look closely. Behind this round of valuation recovery, there are actually 3 cold truths: 📉 Hardware gets de-rated, not downgraded NVIDIA’s forward P/E has been pushed down to around 25x, while revenue and earnings remain strong. The market still believes in AI it’s just no longer willing to pay unlimited premiums for hardware. 🚨 Software is entering a make-or-break phase AI applications still haven’t produced a true “killer app,” while computing costs continue to eat into margins. AI stories without real commercial traction are seeing their valuation bubbles squeezed out. 🔌 Capital is rotating into hard-core infrastructure Money is shifting from the Mag7 toward edge computing, custom chips, advanced packaging, power, and energy the more fundamental and essential layers of the AI infrastruc
Is the market’s valuation of AI starting to recover?
When will the "slumbering" market wake up?
The market may be overlooking the broader picture. This brings $NBIS and $IREN into focus.$IREN Ltd(IREN)$ $NEBIUS(NBIS)$ Microsoft’s ($微软(MSFT)$ ) withdrawal from its partnership with NScale does not mean that demand for artificial intelligence (AI) is fading. Instead, it highlights a more pressing challenge: power supply and delivery timelines. Microsoft still requires computing power. If one provider fails to deliver on schedule, companies with already-energized capacity and a proven track record of execution may stand to benefit. In the realm of AI infrastructure, while demand is certainly important, it is the abil
The market delivering on it
The thesis is playing out and I believe the next wave is just getting started$Applied Optoelectronics Inc.(AAOI)$ $Lumentum Holdings Inc.(LITE)$ $Coherent(COHR)$
The market delivering on it
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