Financing risk makes AI-linked growth stocks unattractive to add here. Much of the money reaching suppliers such as Nvidia and Micron is financed, so harder funding would limit spending on chips, compute and memory. The buildout is not over, but stock prices could remain suppressed until it slows. A significant drawdown would make adding appealing; for many high-beta names with weak fundamentals and balance sheets, the highs look to be in. x.com 

Hyperliquid, Zcash and NEAR would likely drop 20-30% first if bitcoin falls, and bitcoin has 10-20% downside potential. All three are strong coins, but fundamentals do not matter in that kind of sell-off. Arthur Hayes, who called them a holy trinity, picks real projects, but his timing is the issue: his last big Zcash call came near a top. x.com 

Selective bank lending limits bubble risk in the AI build-out, while early agent adoption supports lasting demand. Banks are cautious about neocloud loans; Meta's Muse reached more than 10 million people in about six weeks, and demand still outruns supply. Nvidia, Broadcom and Micron look priced for a sharp slowdown around 2029, but the application layer is just beginning. This cycle looks much longer than the market prices, even if it is cyclical. x.com 

NVIDIA looks close to the top of an AI bubble, with a two-year megaphone pattern signaling exhaustion of growth. Such expanding, volatile patterns historically don't end painlessly. Its roughly 22x valuation on a $4.8 trillion market cap and $216 billion profit is approaching Cisco's roughly 30x in 2000. Nvidia just raised $25 billion in debt, drawing $85 billion of orders. x.com  x.com 

Hyperscalers' incremental return on capital is cratering, so hard spending decisions are coming. In the June quarter, Amazon, Microsoft and Alphabet grew LTM EBIT 20% but needed 38% more deployed capital, before token prices cratered and with much demand from non-self-sustaining OpenAI. Compute and models may become a utility-like commodity. Insiders are selling, with Jeff Bezos filing to sell $4B of Amazon stock, and Google's $25B bond deal widened hyperscaler credit spreads. x.com  x.com 

AI, retail, healthcare and crypto exposure could make these 12 monster buys now. IREN builds AI cloud; Walmart grows ads and e-commerce; Netflix adds streaming ads; IonQ builds quantum computers and buys networking firms; Hims & Hers sells care direct; Coinbase earns from custody and stablecoins; Nvidia's CUDA locks in developers; Oscar targets self-insured customers; CoreWeave rents GPUs; Lumentum supplies AI optics; Block spans payments; Strategy holds bitcoin. x.com  x.com  x.com  x.com  x.com  … Show more

Memecoins such as BONK will eventually go to zero because they have no real utility or value. Attention is not utility, since every asset that has pumped had attention. The best approach is to take profits while everyone is euphoric and to favor major coins over going all in on memes. x.com  x.com  x.com 

The Nasdaq 100 already effectively prices in a severe semiconductor recession. QQQ trades at about 20 times 2027 EPS versus a 10-year average forward P/E near 25; halving 2027 estimates for Nvidia, Broadcom, AMD, Micron, Lam Research and Applied Materials would lift that only to 24.5. If the market instead traded at 20 times in that scenario, downside would be about 20%. Capex seems unlikely to be cut materially unless growth at AI labs such as Anthropic decelerates dramatically. x.com 

The gap between semiconductor-capex momentum names and mega-cap tech looks stretched to the point of a rotation, favoring Amazon and Fidelity National Information Services over the chip ETF, Micron, SanDisk and Caterpillar. Big tech's financing of Micron and SanDisk can't last if their own stocks don't rise alongside; equity-dilution fears could bleed into actual capex. Fidelity National Information Services looks like a deep value opportunity. The rotation may be short-lived but volatile. x.com  … Show more

ServiceNow, Adobe, Amazon, Meta, Celsius, e.l.f. Beauty, Oracle and Duolingo will see further downside unless they rebound in the next few months, as investors sell them to offset taxes on massive gains in semiconductor names such as AMD, Nebius, Arm, Micron and SanDisk. x.com