PAR Technology has been a miserable cash burner for years, despite Stansberry's Bryan Beach pitching it as the digital backbone of restaurant POS systems and one of his favorite stocks. x.com 

The Nasdaq's momentum selloff looks like a crowded AI trade unwinding into cyclicals, a washout rather than a top. Goldman's high-beta momentum index fell 24% in early July, its worst since April 2009, per @stocktalkweekly, yet the index held as money rotated rather than left, with AI names de-rating even on TSMC's beat. The real risk is financing: AI capex has outrun cash flow and runs on cheap money, debt and vendor paper, so tighter credit could stall the buildout even with strong demand. … Show more