SPCX Jumps 5% Ahead of Flight 14: Is Morgan Stanley's $300 Bull Case Waking Up? $Space Exploration Technologies Corp(SPCX)$ jumped 5.15% and is testing its 200-day EMA ahead of Flight 14. Morgan Stanley sees $300 as AI compute becomes a second growth engine, though another lock-up release arrives right after the launch. The Rally Has More Than One Catalyst The immediate catalyst is Starship Flight 14, but the bigger fundamental story is increasingly AI compute. Morgan Stanley currently rates SPCX Overweight with a $300 price target, versus Wednesday's $150.88 close. Its sum-of-the-parts framework assigns roughly $8/share to Space, $118 to Connectivity, $8 to X & Consumer AI, and $165 to Enterprise AI. In other words, more than half
AI Chip Stocks Are Selling Off Hard: Should Investors Buy, Hedge, or Wait? AI hardware stocks came under heavy selling pressure on Monday. The $PHLX Semiconductor Index (.SOX.US)$ fell more than 5% intraday, with $NVIDIA(NVDA)$ , $Advanced Micro Devices(AMD)$ , $Broadcom(AVGO)$ and $Micron Technology(MU)$ among the biggest decliners. Meanwhile, $Microsoft (MSFT.US)$ , $Alphabet-C (GOOG.US)$ and $Meta Platforms (META.US)$ moved higher, while cybersecurity stocks
Oracle Turns the Tables on Its Short Sellers With Earnings Blowout $Oracle(ORCL)$ just turned the tables on the traders betting against it. Short volume almost doubled to 5.09 million shares on Thursday, before the tech giant's financial results beat on the most important metrics, with its cloud business surging 121%. Short volume counts the shares sold short in a single session. A short sale is a wager that a stock will fall, so when that count climbs and the share price rises, the sellers face potential losses and may be forced to buy back — the classic squeeze. Oracle reported fiscal first-quarter revenue of $19.35 billion after the market closed on Thursday, beating the $19.13 billion analysts e
Stocks Rally Despite Rising Rate-Hike Odds. Should Investors Buy or Cut Risk? U.S. stocks staged a seemingly counterintuitive move on Friday: CPI came in hotter than expected and the odds of a Fed rate hike next week climbed further, yet all three major indexes moved higher, led by the Nasdaq. With a 25-basis-point hike now largely priced in, investors are shifting their focus to the path ahead: Will the Fed keep hiking after this move? Why Are Stocks Rising Despite Hotter CPI? First, the 10-year Treasury yield briefly approached 5% but failed to break decisively higher. For tech stocks, a sustained rise in long-term yields would add further valuation pressure. The stabilization in yields has therefore given growth stocks some room to rebound. Meanwhile, oil prices pulled back after their
SpaceX Volatility Sinks to Post-IPO Low as CFO Touts Orbital Compute $Space Exploration Technologies Corp(SPCX)$ options have rarely been cheaper. Implied volatility, the market's price tag for expected future swings, sits in the eighth percentile of its brief public history — traders are pricing calm even after its CFO touted the company's AI compute capacity both on earth and in orbit. The stock itself has been quiet. Shares closed up 0.4% on Thursday after SpaceX launched a classified payload for the U.S. Space Force, its 104th Falcon 9 flight of the year. It continued to trade in a relatively narrow range, swinging between a gain of 1.6% and a loss of 1.5% Friday. The gentle drift masks a busier news tape. On Thursday, Chief Financ
OpenAI and Anthropic Just Reignited the AI Hardware Trade The AI trade is rotating back toward hardware. OpenAI's GPT-6 Astra launch and Anthropic's latest research breakthroughs have helped revive a simple investment thesis: frontier AI progress still requires enormous physical infrastructure. Better AI still needs more compute GPT-6 Astra delivered another major jump in reasoning and scientific capabilities. More important for hardware investors, $NVIDIA(NVDA)$ CEO Jensen Huang said Astra was trained on more than 100,000 Nvidia Grace Blackwell NVLink72 GPUs and that another 400,000 GPUs are "coming online next." Anthropic is sending a similar capability signal, with Claude recently advan
Memory Stocks: The Case for a Second Leg Up Is Getting Stronger Memory stocks stood out on Friday, September 4: $SanDisk Corp.(SNDK)$ surged 11.9%, while $Micron Technology(MU)$ gained about 6%, even as the S&P 500 finished lower. Then came Goldman Sachs' September 7 readout from Samsung's non-deal roadshow, or NDR. Samsung put memory demand fulfillment at only around 60%, reiterated that supply conditions could be tighter in 2027 than in 2026, and said shortages could persist into 2028. That update came after Friday's rally, but it strengthens the fundamental case behind it. The Shortage Could Last Longer Than Investors Expect Samsung's NDR adds detail o
Michael Burry Calls Lululemon His "Trickster"—Is LULU a Fat Pitch or a Value Trap? $Lululemon Athletica(LULU)$ fell 17.4% to $100.61 last Friday, its lowest level in roughly eight years, bringing its year-to-date decline to about 52%. A stronger U.S. jobs report pushed rate-hike expectations higher and weighed on consumer discretionary stocks, but Lululemon's much steeper drop was mostly company-specific: North American sales weakened further, full-year guidance was cut again, and international growth also started to slow. Even contrarian investor Michael Burry has become more cautious on the stock. So the real question is no longer how far LULU has fallen. It is this: At around $100, is Lululemon finally