SpaceX at $108: Morgan Stanley Sees 177% Upside—Is It Finally Cheap? SpaceX closed Friday at $108.37, versus its $135 IPO price and $225.64 post-listing peak. Based on approximately 13.16 billion diluted shares following the offering, its equity value has fallen to roughly $1.43 trillion. Morgan Stanley argues that SpaceX's long-term story has not materially changed, but the stock is being driven by lockup expirations, cautious positioning and deteriorating sentiment. Its $300 price target implies 177% upside from the latest close. The Lockup May Matter More Than Earnings More than 930 million shares, worth approximately $100 billion, are expected to become eligible for sale on August 6. This is the first of eight tranches that could unlock nearly four billion shares through January
Amazon Earnings Review: AWS's Blowout Results Perfectly Showcase the Business Value of AI Cloud $Amazon.com(AMZN)$ released its FY26-Q2 (quarter ended June 2026) earnings after market close on July 30, 2026. This quarter saw AWS grow at its fastest pace in five years, significant overall margin expansion, and both EPS and revenue beating expectations — a comprehensive, high-quality earnings blowout. Key metrics are as follows: Core Financial Indicators – Revenue: $200.6B, up +19.6% YoY and +10.5% QoQ, beating the market consensus of $197B. – Net Income: $62.6B, surging +244.9% YoY, with net margin reaching a record high of 31.2%. – EPS: $5.75, up +242.3% YoY The significant increase in net profit was prim
Meta's 9% Slump Brings Windfall for Short Sellers as AI Costs Soar $Meta Platforms, Inc.(META)$ short sellers are reaping gains as the social media giant's stock tumbled about 9% in early trading Thursday, after spending on artificial intelligence (AI) infrastructure buildout crimped profit. Trading in borrowed Meta shares that were sold short almost tripled to 1.26 million shares Wednesday, before the parent company of Facebook, Instagram and WhatsApp reported second quarter adjusted earnings that missed analysts’ estimates by almost 14%. The company also raised the lower end of its capital expenditures guidance, effectively increasing its midpoint to $137.5 billion, above the $135.86 billion that analys
Neocloud, Memory and Optical Stocks Surge: Is the AI Trade Back? U.S. AI infrastructure stocks staged a broad-based rebound on Thursday. After several sessions of heavy selling, capital flowed back into some of the market's hardest-hit AI infrastructure names, including Neocloud, crypto miners, memory, optical networking, and networking chip stocks. Memory stocks led the rally. $Micron Technology(MU)$ surged more than 13% intraday, while $SK hynix(SKHY)$ climbed over 12%. The biggest catalyst came from Samsung Electronics, which reported record earnings and said supply constraints for high-end memory products such as HBM are expected to persist through
The AI CapEx Cuts Never Came. The Spending Is Paying Off Short covering lit the match SK Group Chairman Chey Tae-won bought 3,620 $SK hynix(SKHY)$ shares worth approximately KRW4.8 billion, marking his first direct investment in the memory company. Separately, Leopold Aschenbrenner's Situational Awareness fund transferred most of its public-equity portfolio to Citadel after heavy losses forced it to unwind. Reuters said it remains unclear whether margin calls were involved. The two developments helped remove selling pressure and encouraged short covering. But they were only the spark. The more important fuel came from hyperscaler earnings. The four hyperscaler scorecards – $Microsoft (MSFT.US)$: CapEx unchanged, new capacity sold immed
Arm Beat Estimates. Why Did Shares Still Sink? $Arm Holdings(ARM)$ , the global semiconductor IP giant, reported FY27Q1 earnings after the bell. Despite recent market enthusiasm around server CPU shortages, a narrative that fueled strong results at $Intel(INTC)$ and $Advanced Micro Devices(AMD)$ , Arm failed to deliver the anticipated upward revision to its data center CPU revenue guidance. The numbers were strong – Revenue: $1.29B (+22% YoY), beat consensus of $1.264B; prior guidance: $1.26B. – Non-GAAP Net Income: $480M (+28% YoY), beat conse
SKHY vs. STX: Why Record Earnings Sent One Down and the Other Up SKHY's record quarter was broadly in line with Korea Investment & Securities' latest preview, while STX delivered the cleaner beat-and-raise. The earnings calls reveal why HDD currently has the better tactical setup: longer demand visibility, lighter capital intensity and lower expectation risk. SKHY: Record Results, but Mostly as Expected SK hynix reported Q2 FY2026 revenue of $54.1 billion and operating profit of $41.3 billion, with operating margin reaching 76.3%. The figures look spectacular year over year, but the quarter itself was not a major positive surprise for investors following the latest Korean sell-side previews. Korea Investment & Securities had forecast revenue of KRW80.906 trillion and operatin
Palantir Earnings Preview: Will This Light-Asset AI Software Giant Win Back Investor Favor Amid Tech Sector Turmoil? $Palantir Technologies Inc.(PLTR)$ is scheduled to release its financial results post-market on August 3rd ET. The stock has retreated 30% year-to-date. Meanwhile, Palantir's TTM P/E ratio has dropped from a peak of over 600x to the current 138.8x, placing it at the 10th percentile over the past three years. For a company whose net profit is still expected to more than double, this at least takes it out of the exceptionally high range. Core Financial Indicators Revenue is projected to grow 80.51% to $1.81B. EPS is expected to surge 148.47% to $0.315. Based on historical actuals, the real EP
Semiconductor Testing: AI's Next Growth Bottleneck Over the past two years, AI hardware investment has focused mainly on GPUs, HBM, and advanced packaging. But as chips become more powerful and structurally complex, another part of the supply chain is becoming increasingly important: semiconductor testing. Nomura believes AI chip upgrades are steadily increasing the value of back-end manufacturing. Longer test times, tighter capacity, outsourced orders, and higher equipment requirements are improving the strategic position of testing suppliers. The core investment logic is simple: even if AI chip shipment growth slows, testing content per chip can continue to rise. Why Testing Matters More in the AI Era AI chips cannot be shipped immediately after production. They must pass wafer probing,
Qualcomm Earnings Preview: Is the Handset Trough Finally Here? Global handset chip giant $Qualcomm(QCOM)$ is set to report its FY26Q3 earnings after the bell on Wednesday, July 29. The market is focused on Qualcomm's progress in its AI data center and core handset businesses, as well as its diversification efforts in Auto, IoT, and PC. Core Financial Indicators – Revenue consensus: $9.62B, -7% YoY (2nd straight quarterly decline) and -9% QoQ; company guidance: $9.2B–$10.0B. – GAAP net income guidance high-end: $1.44B, -46% YoY. Non-GAAP net income consensus: $2.38B, -22% YoY (3rd straight quarterly decline), -22% QoQ; company guidance high-end: $2.33B. Three Things to Watch Is the China inventory correcti