📈 Original Viewpoint Roundup

🏟️ Sports Assets & Public-Market Rerating

• $MSGS is a Knicks leverage trade. The setup is simple: Madison Square Garden Sports owns the Knicks and Rangers, making $MSGS one of the few public-market ways to own elite U.S. sports-franchise exposure. When the Knicks get relevant, the asset can re-rate through higher ticket demand and deeper playoff monetization. 1

🧠 AI Infrastructure & Memory Cycle

• DRAM/NAND pricing still has room to squeeze higher. Server OEMs expect another 25–30% Q/Q DRAM price hike in C3Q26, plus another 20–40% Q/Q NAND increase. That sets up 3Q DRAM pricing for another upside surprise versus current market research and sell-side expectations. 2

• Anthropic’s TPU financing may be the real flow behind unusual $GOOGL August 415 call buying. The logic: Apollo and Blackstone raising $35 billion for Anthropic to buy TPUs strengthens the read-through to Google’s TPU ecosystem, so call buyers may be positioning for that AI-infra demand. 3

• Passive components are getting pulled into the AI capex cycle. Panasonic raising SP-Cap prices by 5 to 30% starting in July signals pricing power is spreading beyond GPUs, memory, and optical gear. AI demand is keeping passive-component pricing elevated. 4

• Optical fiber remains a hot AI-infra lane. After Corning’s positive catalyst, the sector keeps getting fresh bullish read-throughs, suggesting the fiber trade still has momentum rather than being a one-off headline pop. 5

💰 Long-Term Equity Valuation & Multiple Expansion

• If only EPS growth is counted and PE multiples do not re-rate, the implied 2028 prices are already meaningful: Meta $760, Sofi $27, Nvda $358, Msft $557, Avgo $850, CRM $237, Zeta $36. The bigger kicker is multiple expansion: these companies’ PEs are viewed as undervalued, so any market willingness to pay higher multiples could unlock much larger upside. 6

🍎 Apple AI Execution Risk

• $AAPL delivered a weak WWDC AI setup. Siri AI had no real surprise, rollout waits until autumn, and availability excludes the EU and China. The stock briefly hit a 52-week high of 317 when Gemini was mentioned, then faded hard. The takeaway: AI hype got sold, and the market went back to pricing Apple as “Back to Tim.” 7