∞ALPHA

Record earnings ahead: Nvidia is on track to earn $190B in 2026, the highest profit ever recorded by any company. Still “cheap” on valuation: Shares trade at ~24× forward earnings, a 25% discount to Nvidia’s historical multiple and below the semiconductor index. Market rotation created a mispricing: Since 2025, Nvidia has lagged the semi index by 70+ points, despite being the core of AI computing. AI spending is exploding: Hyperscalers (Amazon, Alphabet, Meta, Microsoft) are

Quantum computing has moved from theory to a high‑volatility market theme, with stocks swinging on sentiment rather than fundamentals. Pure‑play companies remain unprofitable and burn significant cash. Industry expected to reach $43B–$72B by 2035; Barclays sees quantum systems gaining a clear edge by 2027. Valuations are extreme: Rigetti P/S: 746× D‑Wave P/S: 268× IBM P/S: 2.9× (the “safe” incumbent) Market Performance: Recent 12‑month returns highlight the sector’s idiosyncr

With Wall Street’s tech giants heavily extended, capital is rotating into Europe to find the "picks and shovels" of the AI boom. Because Europe lacks US-style software hyperscalers, this trade is strictly focused on hardware, specialized semiconductor supply chains, and power infrastructure. While the broader European market is flat, the semiconductor index has nearly doubled year-to-date. Here is where the capital is concentrated: Core Semiconductor & Hardware Giants Institu

Targeting a massive $1.75 trillion valuation. Capital Raise: Aiming to raise $75 billion in a listing scheduled for next month. The Scale: Expected to force immediate inclusion into major indices like the Nasdaq 100, driving an estimated $600 billion in automated tracker fund inflows. Absolute Control: The Governance Un-fireable Founder: Musk will hold a supermajority of Class B stock (10x voting power), ensuring he cannot be removed by ordinary shareholders. The $1 Trillion

Cerebras shares surged 68% on debut after pricing well above expectations. Valuation jumped to ~$67B, despite the company being unprofitable and early‑stage. IPO rides the AI chip boom, with semis up sharply and Nvidia hitting record highs. Cerebras’ wafer‑scale chips offer ultra‑fast AI performance, but GPUs still dominate most workloads. Valuation is extremely rich at 134× trailing revenue, far above Nvidia and peers. Customer concentration risk remains high, with most reve

IPO Date Target: June 12 — SpaceX is aiming to go public earlier than expected, with timing still subject to market conditions. Record‑Breaking Size — The company is targeting an $80B+ raise, positioning it to become the largest IPO in history. Filing Imminent — To hit the June 12 debut, SpaceX must release its public IPO filing next week, revealing long‑awaited financials and Starlink economics. AI Tailwind — The listing follows the blockbuster Cerebras Systems IPO, tapping

Jefferies Takes a Bearish Turn on Mobileye: Why an $8 Target Matters The debate over the future of autonomous driving is heating up on Wall Street. Jefferies analyst Vanessa Jeffriess recently initiated coverage on Mobileye (MBLY) with a definitive Underperform (Sell) rating and a strict $8.00 price target. While Mobileye remains a titan in the advanced driver-assistance systems (ADAS) space, the note highlights a growing skepticism about its near-to-medium-term valuation. He

Tech Dominance: The 10% year-to-date market rise is skewed by a 25% surge in tech, which now holds a 50% effective index weight. Sector Lag: Non-tech sectors like healthcare and financials are currently in the red, with many quality stocks hitting 52-week lows. High-Yield Laggards: Many undervalued blue-chips now offer dividend yields of 3% or higher. Healthcare Steals: Zoetis (ZTS) at 11x earnings , Medtronic (MDT) at 13x earnings with a 3.7% yield , and Abbott (ABT) yield

TD Cowen upgrades Starbucks to Buy, lifting the price target to $120 (13% upside). Firm sees “tangible drivers” for better sales: labor investment, margin recovery, lower COGS. Forecasts 4% same‑store sales growth in FY2028, above Street’s 3.4%. Starbucks is in the early stages of a North America turnaround after a two‑year slump. The “Back to Starbucks” plan—marketing, menu, loyalty overhaul—is showing traction. Shares are up 26% YTD, pacing for the first annual gain since 2

May 14, 2026 TD Cowen raised EOS TP to $8 Price Target Adjustment: Raised to $8 from $7 Rating: Maintained at Hold. Operational Success: The company reported record manufacturing output. In Q1 2026, revenue surged to $57 million, a fivefold increase year-over-year. The "Softer Backlog" Catch: Despite the record production, TD Cowen noted a "softer backlog." While the total backlog remains substantial at approximately $645 million, the rate of new orders or the conversion tim

May 13, 2026 Benchmark raised TP to $42 from $38 Benchmark's Fawne Jiang is essentially signaling that the "investment phase" friction is finally giving way to operating leverage. By calling this a "clear earnings inflection point," the firm is betting that the worst of the margin dilution from JD's aggressive food delivery and international pushes is now in the rearview mirror. The upgrade to $42 places Benchmark on the higher end of the current Wall Street consensus, follo