Original Insight Summary

🚀 Space & FOMO Trades

• $SPCX / SpaceX looks like a short-term FOMO tape after an “unreal 2 sessions.” The key call: it “might hit $200/share after hours / overnight,” implying momentum is still driving the setup rather than fundamentals. 1

• $RKLB got a fresh bull case after KeyBanc upgraded it from Sector Weight to Overweight and lifted the target to $135, implying about 30% upside. The interesting read-through: SpaceX’s listing initially pressured other space names, but the selloff may have created a cleaner entry for higher-quality peers. 2

🧠 AI, Semis & Infrastructure

• Qualcomm needs a management reset. The blunt governance take: the board should replace the current management team and bring Jim Keller in as CEO, signaling frustration with execution in AI chips. 3

• AI demand still has a reflexive flywheel: more compute plus more data produces better AI; better AI drives more usage; more usage generates more data and demand for even more compute. This is the core bull loop behind sustained AI infrastructure spend. 4

• MediaTek appears to be moving AI up the priority stack, upgrading its AI business from an “IC / ASIC” framing toward a broader strategic role. That points to AI becoming a core platform bet, not just a chip-design sideline. 5

• Gigawatt-scale data centers have entered a new cost regime. A 1GW data center used to cost about ~$5B, but now runs closer to ~$100B fully loaded. That changes the capital intensity, competitive moat, and financing burden for AI infrastructure. 6

💻 Mega-Cap Tech & Valuation

• Big Tech’s rebound is framed as a sentiment reversal, not a valuation stretch. Meta rose 5% and approached 600; Amazon rose 4% to 245; Google rose 2.5% and nearly returned to 370; Nvidia rose 2.3% back to 210; Microsoft rose 2% and nearly returned to 400. Even after the bounce, the view is that these companies remain cheap. 7

• The recent volatility in mega-cap tech created add-on opportunities rather than a reason to de-risk. Buys were made in Google below 350, Meta at 560, and Nvidia around 200, with part of the common stock rotated into 2028 long-dated calls. The thesis: repeated chop has reset entries on dominant tech names. 8

• Google below 350 is treated as a high-conviction entry because Berkshire reportedly added $10B near 350. The logic: Buffett-style sizing usually implies a multi-year hold and strong confidence in long-term durability, making that price area an institutional endorsement. 9

🏦 Fintech & Short-Seller Pushback

• SOFI is described as financially healthy, with the prior profit-fraud claim dismissed as a short-seller narrative. The argument: CEO Anthony Noto publicly responded, and the short side did not keep pressing the accusation, so the issue effectively faded. 10

📈 Long-Term Market Playbook

• The S&P 500 has risen about 10x over the past 30 years, reinforcing two rules: don’t panic during drawdowns, and deeper selloffs often create better add-on opportunities with higher forward returns. The bigger takeaway: avoid shorting U.S. equities structurally, because long-term upside bias does most of the heavy lifting for patient longs. 11