<ul class="summary-bullets"><li>Lumentum delivered triple-digit revenue growth for the eighth straight quarter.</li><li>Management’s latest outlook came in well above Wall Street expectations.</li><li>A break above the $1,085 record high could put LITE stock in fresh breakout territory.</li></ul>Lumentum Holdings could still have upside after a 450% rally over the past year, as surging AI data center spending drives demand for the optical components needed to move data at high speeds.The stock has risen sharply after years of relatively muted performance, gaining 339% in 2025 alone and continuing its rally this year.&nbsp;While the magnitude of the move has raised concerns that investors may have missed the opportunity, a recent&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2026/09/24/an-optical-stock-has-been-on-josh-browns-list-all-year-the-chart-looks-explosive.html">analysis</a> from Ritholtz Wealth Management CEO Josh Brown argued that the fundamental growth story remains intact.LITE shares were up nearly 2% in premarket trading on Friday.<h2 class="st-heading-2">LITE Stock: Revenue Growth Shows Little Sign Of Slowing</h2>Lumentum reported fiscal fourth-quarter revenue of $1.01 billion, up 109% and above its guidance. Brown argued it marked the company’s eighth consecutive quarter of growth. Non-GAAP gross margin rose to 50.4%, while adjusted EPS of $3.23 topped the $2.97 consensus estimate.Management expects the momentum to continue, guiding fiscal Q1 2027 revenue to $1.23 billion-$1.28 billion, with the midpoint representing roughly 130% growth and exceeding Wall Street’s estimate of about $1.15 billion.Lumentum makes lasers, transceivers and optical circuit switches used by AI data centers, cloud providers and telecom networks, putting it at the center of the broader AI infrastructure buildout.<h2 class="st-heading-2">Breakout Could Open New Territory</h2>LITE recently traded around $937, below its May record high of $1,085. The stock has rebuilt an uptrend after falling back toward its 200-day moving average during the summer, Brown said in his CNBC column.A move above $1,085 could signal a fresh breakout. The stock’s rising 50-day moving average around $854 provides a nearer-term technical reference, while the 200-day sits around $726.Lumentum is also the largest holding in Roundhill’s Photonics &amp; Optics ETF (LYTE), highlighting its growing prominence in the AI-driven photonics theme.&nbsp;<h2 class="st-heading-2">Retail View On LITE</h2>On Stocktwits, the retail sentiment for LITE dipped in the past week and was ‘bearish’ on Friday.<a href="https://stocktwits.com/symbol/LITE">LITE stock</a> has gained 152% year-to-date, while peers Coherent and Applied Optoelectronics have surged 57% and 190%, respectively.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, the Lumentum Holdings logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)

LITE Stock Has Run 450% In 12 Months: Ritholtz Wealth CEO Thinks There Is Room For More

AI infrastructure demand continues to strengthen the optical networking growth story, according to Josh Brown.

Equity

AI infrastructure demand continues to strengthen the optical networking growth story, according to Josh Brown.


Applied Optoelectronics Inc

Coherent Corp

Lumentum Holdings Inc

<ul class="summary-bullets"><li>U.S. stock futures were setting up a potentially stronger finish to a week in which the Nasdaq and S&amp;P 500 have held up better than the Dow.&nbsp;</li><li>Treasury yields climbed to multi-year highs, keeping pressure on risk assets.</li><li>Investors are also tracking reports of potential progress in U.S.-Iran negotiations, including discussions around the Strait of Hormuz.&nbsp;</li></ul>U.S. stock futures gained ground early Friday despite the 10-year Treasury yield touching a 17-year high of 5.19%, while the 30-year yield rose to 5.47%, adding to concerns over the Treasury Department’s bond buyback liquidity programs. Investors also parsed the developments from the Trump-Xi meeting and reports of potential progress in U.S.-Iran talks.As of 4:00 a.m. ET, Nasdaq futures were up 0.4%, while S&amp;P 500, Dow and Russell 2000 futures were up 0.1%. Overall, the Dow is on track for a fourth straight weekly decline, while the S&amp;P 500 and Nasdaq Composite are poised to end the week higher.However, on Stocktwits, retail sentiment for the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, an exchange-traded fund that tracks the S&amp;P 500 Index, flipped to ‘extremely bullish,’ and&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust (QQQ)</a>, which tracks the Nasdaq-100 Index, stayed ‘bullish.’<h2 class="st-heading-2">Trump-Xi Meeting&nbsp;</h2>Markets digested the high-stakes summit between President Donald Trump and Chinese President Xi Jinping in Washington. Xi described the discussions as candid and said the two sides had reached broad agreement on a number of issues.&nbsp;The meeting was particularly relevant for technology and semiconductor stocks because AI, chip supply chains and U.S.-China trade remain central points of tension between the two countries.&nbsp;<h2 class="st-heading-2">Iran Talks, Strait Of Hormuz Keep Oil In Focus</h2>Meanwhile, U.S. and Iranian negotiators reportedly explored a phased path out of conflict involving Tehran reopening the Strait of Hormuz in exchange for Washington lifting economic blockades.Separately, Iranian President Masoud Pezeshkian told NBC News that they would like to revive its ceasefire memorandum of understanding with the U.S. before the November midterm elections.Oil is adding to existing inflation concerns, with Brent crude trading above $100 a barrel.&nbsp;<h2 class="st-heading-2">The Tech Radar</h2>Advanced Micro Devices (AMD): Extended its rally after hitting a 52-week high as analysts projected Meta’s Muse architecture could mandate up to a 40:1 CPU-to-GPU hardware ratio.&nbsp;Intel Corp (INTC)&nbsp;gained ground along with the broader semiconductor sector on demand expectations.&nbsp;Meanwhile, hyperscalers (AMZN, META, GOOGL, MSFT and ORCL)&nbsp;remain in the spotlight after investor Michael Burry raised&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/amzn-meta-googl-msft-orcl-michael-burry-sounds-fresh-alarm-on-big-tech-s-ai-spending-warns-of-massive-write-offs-in-two-years/cZMay4jRBaX">fresh alarm</a> on AI spending, and warned that hyperscalers could face significant infrastructure write-downs later this decade.&nbsp;Alphabet Inc (GOOGL): Shares inched higher in early premarket as details emerged of a joint venture with SpaceX to launch testing for Google’s custom AI chips directly in orbit.Cybersecurity stocks (CRWD, FTNT, S, NET, PANW)&nbsp;remain on the retail radar amid a stellar rally this week. OKTA and S both reached 52-week highs Thursday.&nbsp;Akamai Technologies (AKAM):&nbsp;Anthropic inked an $11.6 billion, seven-year deal to utilize Akamai’s infrastructure for CPU workloads, with expansion options potentially bringing total deal value to $20 billion. AKAM shares soared more than 20% in early premarket trading.Bloom Energy (BE) &amp; Oracle (ORCL):&nbsp;Bloom reaffirmed Oracle’s commitment to a 2.4 GW fuel-cell contract for Project Jupiter, alleviating severe selloff concerns around energy infrastructure permits. BE shares rose more than 1% in early premarket trading.<h2 class="st-heading-2">Trending Stocks</h2>Tesla (TSLA):&nbsp;Trending upward after teasing a next-gen Roadster unveil (scheduled for October 1) featuring SpaceX-inspired design elements alongside the launch of high-volume production for its Semi truck.SpaceX (SPCX):&nbsp;Gained in early premarket after&nbsp;CEO Elon Musk announced plans to bring up to 660,000 Nvidia GB300 GPUs online by year-end and predicted SpaceX could reach a top-tier AI model within six months.Securitize (SECZ): Shares rose over 3% in early premarket after Cathie Wood’s ARK Invest partnered with the platform to tokenize its ARK Venture Fund on the Ethereum blockchain.Comcast Corp. (CMCSA): Shares are under pressure in early premarket after multiple Wall Street analysts issued downgrades and target cuts citing competitive promotional headwinds in telco fiber broadband.Regenxbio (RGNX): Shares rose over 2% in early premarket after presenting positive three-year Phase II durability data for its diabetic retinopathy gene therapy treatment at the Retina Society.Other tickers trending on&nbsp;Stocktwits&nbsp;at the time of writing included Iovance Biotherapeutics (IOVA), FuelCell Energy (FCEL), Eli Lilly (LLY), and Coinbase (COIN).<h2 class="st-heading-2">What Else To Watch Friday</h2>On the economic front, investors will watch for the release of the durable goods orders. Also watch out for commentary from Fed speakers: New York Fed President John Williams speaks at 5:15 am, followed by Kansas City Fed President Jeff Schmid at 9:20 am and Cleveland Fed President Beth Hammack at 2 pm ET.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com

Nasdaq logo sign is seen in New York City, United States, on August 7, 2026. (Photo by Marcin Golba/NurPhoto via Getty Images)

Nasdaq, S&P 500 Futures Rise Despite Surging Treasury Yields: AMD, TSLA, SPCX, AKAM, BE Stocks In Focus

U.S. stock futures gained ground early Friday despite the 10-year Treasury yield touching a 17-year high of 5.19%, while the 30-year yield rose to 5.47%, adding to concerns over the Treasury Department’s bond buyback liquidity program.

Retail sentiment on Stocktwits for SPY has turned ‘extremely bullish’, while it remained ‘bullish’ on QQQ.

Akamai Technologies Inc

Advanced Micro Devices Inc

Bloom Energy Corp - Ordinary Shares - Class A

SPDR Dow Jones Industrial Average ETF

Invesco QQQ Trust Series 1

SpaceX

SPDR S&P 500 ETF Trust

Tesla Inc

<ul class="summary-bullets"><li>Coxon’s warning on X that AI could “kill us all by the end of the decade” drew more than 170 million views.</li><li>A Pirate Wires investigation says a communications firm linked to AI-safety advocates helped arrange media appearances.</li><li>The report does not challenge Coxon’s underlying AI-risk claims.</li></ul>Jacob Coxon, a former Anthropic researcher who quit the company warning that artificial intelligence could destroy humanity, was working with a communications firm as his campaign went viral, according to a report by Pirate Wires, raising questions about whether his rapid rise as an AI safety whistleblower was coordinated.Coxon announced his resignation on Sept, 8,&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/anthropic-exec-admits-we-do-not-yet-have-a-plan-after-researcher-quits-over-ai-endgame-fears-pegs-double-digit-human-extinction-risk-over-next-decade/cZtex0iRJyu">saying</a> Anthropic and OpenAI were “racing straight to self-improving superintelligence and gambling with our lives.”His&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/hilbertspaess/status/2097476196791709843">X thread</a>, warning that AI could “kill us all by the end of the decade,” amassed more than 170 million views and triggered widespread discussion about AI safety and regulation.&nbsp;&nbsp;<h2 class="st-heading-2">Was Coxon’s AI Risk Campaign Coordinated?</h2>On Thursday, an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.piratewires.com/p/jacob-coxon-worked-with-ai-doomer-firm">investigation</a> by Pirate Wires revealed that DEY. Ideas + Influence, a communications firm associated with prominent AI-safety figures, had been working with Coxon on media appearances.&nbsp;Pirate Wires, a technology and politics news publication focused on Silicon Valley, said it spoke with two people familiar with the matter and reviewed an email in which DEY. sought to book Coxon for an interview on Sept. 9.&nbsp;The report is notable because Fox News host Bret Baier asked Coxon whether he had worked with third parties on his whistleblowing campaign. Coxon replied, “Not at all,” according to Pirate Wires.&nbsp;Coxon is not publicly listed as a DEY. client, and neither he nor the firm immediately responded to the publication’s requests for comment, according to the report.DEY.'s clients have included AI risk researcher Eliezer Yudkowsky and&nbsp;AI ethics researcher Timnit Gebru, and it has advised the Machine Intelligence Research Institute and Stanford's Institute for Human-Centered Artificial Intelligence, Pirate Wires reported.The Pirate Wires report, however, does not establish that Coxon’s AI warnings were fabricated. Rather, it raises questions about whether the media campaign surrounding those warnings was more organized than Coxon publicly acknowledged.<h2 class="st-heading-2">AI Doomsday Debate: What Tech Leaders Said&nbsp;</h2>The AI industry is divided over the “doomsday” debate. Anthropic’s Dario Amodei, OpenAI’s Sam Altman and xAI’s Elon Musk have called for&nbsp;“pacing” frontier AI development and strengthening safety oversight, citing the risk of increasingly autonomous systems becoming difficult to control.&nbsp;Meta’s Mark Zuckerberg and Nvidia’s Jensen Huang, meanwhile, have argued against broad slowdowns, favoring safeguards that allow development to continue. President Donald Trump has rejected AI doomsday warnings, arguing that the U.S. should keep advancing AI to maintain its lead over China because “whoever wins AI wins.”For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/stocktwits-ai-roundup-meta-s-muse-lifts-chip-stocks-anthropic-s-11-b-akamai-deal-and-oracle-s-new-mexico-snag/cZMObb1RBa1">Stocktwits AI Roundup: Meta's Muse Lifts Chip Stocks, Anthropic's $11B Akamai Deal And Oracle's New Mexico Snag</a>

The AI symbol sits at the heart of a circle formed by bright yellow foldable caution signs adorned with exclamation marks. (Source: Getty Images)

Ex-Anthropic Researcher Who Warned AI Could 'Kill Us All' Worked With PR Firm: Report 

A Pirate Wires investigation questions whether Jacob Coxon’s viral AI safety campaign was more organized than he publicly acknowledged.

Ex-Anthropic Researcher Who Warned AI Could 'Kill Us All' Worked With PR Firm: Report

A Pirate Wires investigation questions whether Jacob Coxon’s viral AI safety campaign was more organized than he publicly acknowledged.


Anthropic

OpenAI

<ul class="summary-bullets"><li>Colossus 2 currently has 110,000 Nvidia GB200 chips and 440,000 GB300 chips, Musk said.</li><li>All three waves would add 660,000 GB300 chips by year-end if completed on schedule.</li><li>SpaceX’s AI capacity serves outside customers, including Google and Anthropic, alongside its own AI products.</li></ul>Shares of SpaceX (SPCX) climbed&nbsp;0.4% in premarket trading on Friday as CEO Elon Musk mapped out a major Nvidia chip expansion at Colossus 2, the company’s AI supercomputer, while Google prepared to test its own AI chips in orbit aboard a SpaceX rocket.&nbsp;<a href="https://stocktwits.com/symbol/SPCX">SPCX stock</a> slipped 0.2% on Thursday, bringing its weekly decline to 3% and putting it on track to snap a four-week winning streak.&nbsp;&nbsp;<h2 class="st-heading-2">Musk Details Colossus 2’s Nvidia Chip Buildout</h2>Musk&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/elonmusk/status/2103329761690865846">said on X</a> that Colossus 2 has 110,000 Nvidia GB200 chips and 440,000 GB300 chips. He expects another 220,000 GB300 chips to be fully operational next week and a second batch of 220,000 in November. A third batch could follow by late December “if we get lucky,” he said. This would amount to as many as 660,000 additional GB300 chips by year-end if all three waves arrive on schedule.&nbsp;He also listed 150,000 H100 chips, 50,000 H200 chips and 30,000 GB200 chips at Colossus 1. The repeated 110,000-chip increments reflect “the number of fiber optic cables that can be plugged into a central switch,” Musk&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/elonmusk/status/2103352821135376584">said</a>.&nbsp;Tesla investor and influencer Sawyer Merritt&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/SawyerMerritt/status/2103335960092229948">estimated</a> that the chips across the two sites represent more than $100 billion in GPUs and over two gigawatts of compute.<h2 class="st-heading-2">SpaceX’s AI Contracts Raise Stakes For Chip Ramp</h2>The Colossus systems became part of SpaceX after its acquisition of Musk’s xAI business earlier this year. Alongside developing its own AI products, SpaceX has signed agreements to provide computing capacity to outside customers.This makes the timing of new hardware commercially significant. Google has a separate cloud-services agreement with SpaceX, under which payments are set to rise to $920 million a month in October as capacity ramps up. Anthropic has also agreed to use Colossus 1.&nbsp;<h2 class="st-heading-2">SpaceX To Carry Google’s Project Suncatcher Satellite</h2>On the launch side of SpaceX’s business, Google said its first Project Suncatcher prototype satellite is scheduled to fly next week on the company’s Transporter-18 rideshare mission. Developed with Planet Labs (PL), the satellite will test how Google’s Tensor Processing Units (TPUs) withstand launch and perform amid the radiation and temperature extremes of orbit.&nbsp;“Can our TPUs survive and operate in space? Well, we’re going to find out,” Google CEO Sundar Pichai said on X. Musk replied with two rocket emojis.Google has tested the hardware against vibration and radiation on the ground. The orbital mission is intended to answer questions that those tests cannot settle, including how its cooling system works in a vacuum. Google says a later experiment, planned for 2027, will test laser links between two satellites, marking a step toward its longer-term idea of connecting spacecraft to handle AI workloads.<h2 class="st-heading-2">How Do Retail Traders Feel About SPCX?</h2>On Stocktwits, retail sentiment for SPCX fell to ‘bearish’ from ‘bullish’ over the past week amid a 74% jump in 24-hour message volumes.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/spcx_ss_09abe3862a.png" alt="spcx ss.png" width="637" height="344"><figcaption>SPCX sentiment and message volume as of September 25 | Source: Stocktwits</figcaption></figure>One user&nbsp;<a href="https://stocktwits.com/hall1809/message/665066160">said</a>, “$SPCX ahhh google wants a ride to space only bus the valuation makes sense! Let’s go Elon”<stembedurl>https://stocktwits.com/hall1809/message/665066160</stembedurl>Another bullish user&nbsp;<a href="https://stocktwits.com/BFace/message/665025836">said</a>, “$SPCX To those who mock the idea of orbital datacenter…Google disagrees”<stembedurl>https://stocktwits.com/BFace/message/665025836</stembedurl>SPCX stock has declined 8% over the past three months.&nbsp;&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/tsla-stock-roadster-teaser-spacex-buzz-musk-new-semi-game-changer/cZMay3XRBaQ">TSLA Stock Climbs Overnight: Roadster Teaser Stokes SpaceX Buzz — Musk Calls New Semi A ‘Game-Changer’&nbsp;</a>

Elon Musk celebrates after the successful launch of the SpaceX Falcon 9 rocket at the Kennedy Space Center on May 30, 2020 in Cape Canaveral, Florida. (Photo by Joe Raedle/Getty Images)

SPCX Stock Climbs Premarket As Musk Teases 3 Nvidia Chip Waves — Google Books SpaceX Ride For Orbital AI Test 

Musk expects 220,000 more GB300 chips online next week, another 220,000 in November and a possible third wave in late December.

SPCX Stock Climbs Premarket As Musk Teases 3 Nvidia Chip Waves — Google Books SpaceX Ride For Orbital AI Test

Alphabet Inc - Ordinary Shares - Class C

Alphabet Inc Class A

NVIDIA Corp

Planet Labs PBC

<ul class="summary-bullets"><li>FLY gained 10% as Firefly opened a larger cleanroom that can help it build up to 12 Blue Ghost landers and Elytra vehicles at once.</li><li>Redwire rises 8% after landing a spot on a Space Force contract vehicle with a $980 million ceiling shared by 15 vendors.&nbsp;</li><li>PL added 7%&nbsp;as its first Project Suncatcher prototype with Google prepares to launch next week.</li></ul>SpaceX (SPCX) had Starship on the horizon, but Rocket Lab (RKLB), Firefly Aerospace (FLY), Planet Labs (PL) and Redwire (RDW) led the space-stock race through Thursday, each with a different development for investors to weigh.So far this week,&nbsp;<a href="https://stocktwits.com/symbol/RKLB">RKLB</a> rose 14%,&nbsp;<a href="https://stocktwits.com/symbol/FLY">FLY</a> gained 10%,&nbsp;<a href="https://stocktwits.com/symbol/RDW">RDW</a> advanced 8%, and&nbsp;<a href="https://stocktwits.com/symbol/PL">PL</a> added 7%. Meanwhile,&nbsp;<a href="https://stocktwits.com/symbol/SPCX">SPCX</a> fell 3% over the same period.<img src="https://news.stocktwits-cdn.com/space_weekly_df9b11ee61.png" alt="space weekly.png"><h2 class="st-heading-2">Iridium Vote Caps A Busy Week For RKLB</h2>Rocket Lab opened the week on the back of its 96th Electron mission. The rocket delivered Synspective’s 12th StriX radar satellite to orbit over the weekend, marking Rocket Lab’s 17th launch of 2026. A 97th Electron flight, also for Synspective, is scheduled for no earlier than Friday.Cantor Fitzgerald added to the momentum on Monday, reiterating its Overweight rating and $122 price target. The firm cited Rocket Lab’s launch record and pointed to its developing Neutron rocket and proposed Iridium acquisition as catalysts. ARK Investment Management then bought 359,612 RKLB shares worth about $25.7 million across three funds.On Thursday, Iridium shareholders approved Rocket Lab’s acquisition, with 99.6% of votes cast in favor. Under the proposed deal, Iridium shareholders would receive $27 in cash and Rocket Lab shares subject to a collar, for a notional value of $54 per Iridium share. The companies expect to close the transaction by mid-2027.On Stocktwits, retail sentiment for RKLB remained ‘bullish’ over the past week, even as message volume fell 54%. The ticker’s watcher count rose 0.5% over the same period. Shares are up about 6% so far this year.&nbsp;<h2 class="st-heading-2">FLY Makes Room For More Moon Landers</h2>Firefly’s catalyst came on Tuesday with the opening of an ISO Class 8 cleanroom at its Cedar Park, Texas, spacecraft campus. The new room is four times the size of its existing cleanroom. Together, the facilities can support simultaneous assembly of up to 12 Blue Ghost lunar landers and Elytra orbital vehicles.CEO Jason Kim said the expansion gives Firefly capacity to “build, integrate and test more spacecraft” for NASA and national-security customers. The company has five additional lunar missions under contract following its first Blue Ghost landing, along with two Defense Innovation Unit spacecraft contracts.&nbsp;On Stocktwits, retail sentiment for FLY rose to ‘bullish’ from ‘neutral’ over the past week, even as message volume fell 22%. The ticker’s watcher count dipped 0.1% over the same period. Shares are up about 3% so far this year.&nbsp;<h2 class="st-heading-2">Google Boosts PL, Space Force Lifts RDW</h2>Planet Labs opened a Berlin facility on Tuesday with capacity to manufacture up to 60 Pelican imaging satellites annually. A day later, it announced Amazon.ia, an initiative that brings together satellite data, science and AI to monitor the Amazon&nbsp;rainforest.The bigger market hook came on Thursday. Google said its first Project Suncatcher prototype satellite, developed with Planet, is scheduled to launch next week aboard SpaceX’s Transporter-18 rideshare mission. The satellite will test how Google’s Tensor Processing Units withstand launch and perform in orbit as the company explores AI computing infrastructure in space. The mission is an early technology test, with further experiments planned.Meanwhile, Redwire said Thursday that it was selected as one of 15 vendors for Space Systems Command’s NITE-STAR contract vehicle, which has a ceiling of $980 million. The program covers space test and range capabilities for national-security missions. The ceiling applies to the shared contract vehicle, and Redwire said selection guarantees no revenue.&nbsp;On Stocktwits, retail sentiment was ‘bearish’ for PL and ‘bullish’ for RDW. Over the past week, message volume fell 56% for PL and 23% for RDW, while watcher counts were flat for PL and rose 0.1% for RDW. The stocks have diverged sharply this year: PL is down about 11%, while RDW is up 53%.&nbsp;<h2 class="st-heading-2">SpaceX Carries Google’s AI Test, Starship Is Up Next</h2>SpaceX has also been a consistent part of the news cycle this week. Its rocket is scheduled to carry Google and Planet’s prototype. Meanwhile, The Wall Street Journal&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.wsj.com/logistics-report/spacexs-falcon-9-phaseout-spurs-hunt-for-new-ways-to-launch-payloads-585be3e8">reported</a> that SpaceX has stopped selling Falcon 9 rideshare missions, drawing attention to future launch capacity and potential alternatives for satellite operators.&nbsp;The next few days bring two closely watched launches: Rocket Lab’s 97th Electron mission is listed for no earlier than Friday, while SpaceX has Starship Flight 14 scheduled for Monday.&nbsp;On Stocktwits, retail sentiment for SpaceX (SPCX) fell to ‘bearish’ from ‘neutral’ over the past week, while message volume declined 14%. Shares are down about 8% so far&nbsp;since its IPO this year.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/be-stock-oracle-reaffirms-fuel-cell-deal-amid-project-jupiter-jitters/cZMOGvmRBa0">BE Stock Eyes Best Month Since April: Oracle Reaffirms 2.4 GW Fuel Cell Deal Amid Project Jupiter Jitters&nbsp;</a>

The Soyuz rocket launches to the International Space Station with Expedition 75 crewmembers: NASA astronaut Anil Menon, Roscosmos cosmonauts Pyotr Dubrov, and Anna Kikina onboard, on July 14, 2026. (Photo by Bill Ingalls/NASA via Getty Images)

Stocktwits Space Race Weekly: Why RKLB, FLY, RDW And PL Are Outpacing SPCX

RKLB rose 14% this week after its 96th Electron launch, a bullish Cantor call, an ARK purchase and shareholder approval of its Iridium deal.

ARK Innovation ETF

ARK Space Exploration & Innovation ETF

Firefly Aerospace Inc.

Iridium Communications Inc

Tema Space Innovators ETF

Redwire Corp

Rocket Lab USA Inc

Defiance Daily Target 2X Long RKLB ETF

The AI trade stayed firmly in focus this week. Meta Platforms Inc.'s new Muse agent fueled fresh excitement around AI agents, while multibillion-dollar deals underscored the scale of AI spending.At the same time,&nbsp;a delay risk at an Oracle Corp. (ORCL) Stargate site highlighted a growing industry challenge: turning huge AI investment commitments into actual data-center capacity. Here are the week's key developments:<h2 class="st-heading-2">Meta’s Muse Ignites AI Rally</h2>Meta’s new Muse personal AI agent became the week’s biggest market-moving AI story, with strong early adoption reviving investor enthusiasm around agentic AI and helping push Meta shares sharply higher.&nbsp;Muse’s reception and more color on the AI strategy shared by the company at Meta Connect lifted chipmakers’ stocks (AMD crossed $1 trillion in market capitalization for the first time) and helped the Nasdaq reach a record high.The prevailing view is that AI agents, including Muse, strengthen the case for continued spending on CPUs, GPUs and AI infrastructure. META shares rose 17% through Thursday, while the iShares Semiconductor ETF (SOXX) gained 6.2%.<h2 class="st-heading-2">Anthropic Signs $11.6B Akamai Deal</h2>Anthropic agreed to an $11.6 billion, seven-year cloud infrastructure deal with Akamai, with a potential expansion to up to $20 billion.&nbsp;The deal is significant for AI infrastructure because it shows that scaling frontier AI workloads is creating enormous demand beyond GPUs, particularly for CPUs, networking and distributed cloud capacity.&nbsp;Akamai will also grant Anthropic warrants representing up to roughly 5% of its outstanding stock, tying the two companies more closely together. AKAM shares&nbsp;fell initially on&nbsp;the deal but remained up 6.8% for the week.&nbsp;<h2 class="st-heading-2">Oracle Data Center Faces Delay Risk</h2>Oracle sent a force majeure notice related to Project Jupiter, a massive New Mexico AI data-center campus being developed for the Stargate initiative, potentially allowing Oracle to delay payments if the facility misses its 2028 target.&nbsp;The 2.45-GW campus faces delays involving its gas pipeline and pending permits for its power system, although Oracle said the project remains on schedule.&nbsp;Investors reacted negatively. Oracle still has to pay the rent, or “carry cost,” for up to three years if the project isn’t ready on time, the Financial Times reported, citing contract terms. Morningstar analysts said a sizable delay would impact the company’s long-term revenue targets and its investment-grade credit rating.<h2 class="st-heading-2">AI Labs Form Safety Standards Body</h2>Google, OpenAI, and Anthropic are lining up a voluntary industry body — tentatively named the Frontier AI Standards Agency — that would launch in late 2026 or 2027, with the three companies approaching former White House AI policy adviser Sriram Krishnan to serve as chief executive.&nbsp;The pillars under discussion include shared technical evaluations, pre-release audits, independent testing frameworks and standardized safety protocols. OpenAI has publicly said it will proceed "with or without government support."&nbsp;<h2 class="st-heading-2">SoftBank Borrows Big For OpenAI Bet</h2>SoftBank moved to raise more than $11 billion through one of its largest-ever junk-bond offerings, with part of the proceeds earmarked for a further investment in OpenAI.&nbsp;The proposed financing, composed of dollar- and euro-denominated bonds, illustrates the extraordinary amounts of capital now required to fund OpenAI and the broader AI infrastructure buildout, while also highlighting SoftBank’s increasing financial exposure to the AI sector.&nbsp;Bloomberg reported SoftBank drew more than $20 billion of preliminary demand.<h2 class="st-heading-2">How Did Big Tech Stocks Move?</h2>Chip stocks INTC and AMD were the top gainers among large tech stocks, rising 17% and 12.4%, respectively, this week, along with META.&nbsp;The Invesco QQQ Trust Series 1 (QQQ) rose 2.3%. DELL dropped 9%, showing weakness after its incredible rally this year.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/amzn-meta-googl-msft-orcl-michael-burry-sounds-fresh-alarm-on-big-tech-s-ai-spending-warns-of-massive-write-offs-in-two-years/cZMay4jRBaX">AMZN, META, GOOGL, MSFT, ORCL: Michael Burry Sounds Fresh Alarm On Big Tech’s AI Spending, Warns Of Massive Write-Offs In Two Years</a>&nbsp;

Meta Platforms CEO Mark Zuckerberg presenting onstage at the Meta Connect 2026 developer conference with Muse AI mascot in the background. (Photo by Andrej Sokolow/picture alliance via Getty Images)

Stocktwits AI Roundup: Meta's Muse Lifts Chip Stocks, Anthropic's $11B Akamai Deal And Oracle's New Mexico Snag

AI agents, infrastructure spending and data-center delays kept investors focused on the next phase of the AI buildout.

Anthera Pharmaceuticals, Inc.

Oracle Corp.

<ul class="summary-bullets"><li>Bloom said Oracle remains committed to its contract for 2.4 GW of fuel cell capacity and the project’s planned timeline.</li><li>Oracle’s force majeure notice was reportedly sent to Project Jupiter’s developer, a Blue Owl Capital unit, and could allow certain payments to be deferred if the campus misses its target schedule.</li><li>Oracle said the New Mexico project remains on schedule, while Blue Owl said the notice does not change the parties’ financial commitments.</li></ul>Shares of Bloom Energy (BE) are on track for their best month since April even after shares fell on Thursday on the back of concerns about Oracle’s Project Jupiter, prompting the fuel cell maker to say its 2.4-gigawatt contract remains intact.<a href="https://stocktwits.com/symbol/BE">BE stock</a> fell 3% on Thursday but are up 0.4% for the week. Shares have gained 29% so far in September, putting them on track for a second straight monthly gain.&nbsp;<h2 class="st-heading-2">Bloom Seeks To Calm Project Jupiter Concerns</h2>Bloom&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/Bloom_Energy/status/2103192271202213975">said on X</a> that it had spoken with Oracle and that the company “remains committed to Project Jupiter and its contract with Bloom to deliver 2.4 GW of fuel cell capacity.” Bloom said it expected to execute the project on Oracle’s planned timeline.The statement followed&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-09-24/oracle-cites-force-majeure-to-shield-itself-on-controversial-data-center">reports</a> that Oracle had issued a force majeure notice to the developer of Project Jupiter, a New Mexico data center campus intended to support OpenAI workloads. The notice raised concerns about potential delays at a site where Bloom is expected to provide power.Project Jupiter is being developed by STACK Infrastructure, a Blue Owl Capital unit, in Dona Ana County, New Mexico. Oracle plans to use the campus to provide AI computing capacity for OpenAI. Oracle’s force majeure notice relates to its arrangement with the developer and could apparently allow it to defer certain payments if the campus misses its target schedule.&nbsp;While Oracle told&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2026/09/24/oracle-data-center-force-majeure.html">CNBC</a> that the project remains on its planned schedule and reiterated its commitment to New Mexico, Blue Owl said the notice does not change the financial commitments of the companies involved.&nbsp;<h2 class="st-heading-2">Why Project Jupiter Matters To Bloom</h2>Bloom and Oracle first announced plans in July 2025 to deploy fuel cells at selected Oracle Cloud Infrastructure data centers in the U.S. They expanded the relationship in April under a master agreement through which Oracle said it intended to procure up to 2.8 GW of Bloom fuel cell systems.&nbsp;Project Jupiter calls for up to 2.45 GW of installed Bloom capacity. The fuel cells are intended to power the campus through a single on-site microgrid, replacing an earlier proposal involving gas turbines and diesel generators.&nbsp;The project’s power infrastructure still faces regulatory and construction hurdles. A pipeline intended to supply natural gas to the site has encountered permitting setbacks, pushing its expected in-service date to February 2027. An air-quality permit for the planned fuel cell installation also is still pending.<h2 class="st-heading-2">How Do Retail Traders Feel About BE?</h2>On Stocktwits, retail sentiment for BE slipped to ‘bearish’ from ‘neutral’ levels a week ago amid a 26% jump in 24-hour message volumes.<figure class="image"><img src="https://news.stocktwits-cdn.com/be_ss_2020f6f91a.png" alt="be ss.png" width="646" height="343"><figcaption>BE sentiment and message volume as of September 25 | Source: Stocktwits</figcaption></figure>One user&nbsp;<a href="https://stocktwits.com/BULLZ820/message/665048821">said</a>, “$BE this whole thing was just oracle playing chess to get the developer to move quicker. They aren’t going to pull out just business savvy moves to get it done faster”<stembedurl>https://stocktwits.com/BULLZ820/message/665048821</stembedurl>Another user&nbsp;<a href="https://stocktwits.com/Mountainbiker168/message/665047113">said</a>, “$BE If piped natural gas is not available,&nbsp; BE can also use CNG&nbsp; and LNG. BUY the dips”<stembedurl>https://stocktwits.com/Mountainbiker168/message/665047113</stembedurl>BE stock has jumped 207% year-to-date.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/tsla-stock-roadster-teaser-spacex-buzz-musk-new-semi-game-changer/cZMay3XRBaQ">TSLA Stock Climbs Overnight: Roadster Teaser Stokes SpaceX Buzz — Musk Calls New Semi A ‘Game-Changer’&nbsp;</a>

In this photo illustration, the Bloom Energy logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)

BE Stock Eyes Best Month Since April: Oracle Reaffirms 2.4 GW Fuel Cell Deal Amid Project Jupiter Jitters

Project Jupiter is part of a broader Oracle agreement to procure up to 2.8 GW of Bloom systems.

<ul class="summary-bullets"><li>In the poll, 55% of users said they would invest in stocks right now, while only 17% said they would put their money in cash or bond markets.&nbsp;</li><li>Of the respondents, 15% said they would put their money in gold or other commodities, while 13% picked cryptocurrencies.&nbsp;</li><li>The U.S. 10-year Treasury yield has surged to a 19-year high this week, crossing the 5% threshold.&nbsp;</li></ul>U.S. long-dated bond yields are soaring to multi-year highs amid rising oil prices and inflationary pressures. Despite the attractive returns, retail investors still prefer putting their money in stocks for now.&nbsp;In a&nbsp;<a href="https://stocktwits.com/discussions/where-would-you-put-your-money-right-now/665010494">Stocktwits poll</a> asking where investors would rather put their money, more than half voted for stocks.&nbsp;<h2 class="st-heading-2">Are Stocks A Better Bet Than Bonds Now?&nbsp;</h2>The U.S. 10-year Treasury yield has surged to a 19-year high this week, crossing the 5% threshold. At the time of writing, 10-year yields were at 5.167%, while the U.S. 30-year Treasury yield traded at 5.464%.However, in the poll, 55% of users said they would invest in stocks right now, while only 17% said they would put their money in cash or bond markets. Of the respondents, 15% said they would put their money in gold or other commodities, while 13% picked cryptocurrencies.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Untitled_design_3_7f2b4a43ce.png" alt="Untitled design (3).png" width="1303" height="742"></figure>One user, bullish on the stock market’s rally under President Donald Trump’s administration,&nbsp;<a href="https://stocktwits.com/cheapostock/message/665014729">said</a>, “[Best] time to be in stock and go #maga for easy flip. Anything that $DJT touches becomes gold! Crypto, metal, drone, gas, oil, you name it.... i think this new way of public service to focus solely on economic metrics than inflation metrics! Way to go ma man! $QQQ $SPY $DIA. Golden era begins!”Some users said real estate would also be a good market to invest in. One user&nbsp;<a href="https://stocktwits.com/MAs_Crxss/message/665039461">said</a>, “Real estate. Invest in upcoming real estate monsters like $OPEN.”<h2 class="st-heading-2">US Long-Dated Treasuries Soar Amid Inflation Concerns</h2>Although the U.S. Treasury Department said on Thursday that it had bought back $4.078 billion of 20- to 30-year bonds in an operation as part of a $6 billion buyback program to support market liquidity, yields have continued to soar.&nbsp;Rising oil prices that have sustained above $100 a barrel, an AI spending boom, and booming federal budget deficits that have pushed debt to a record $40 trillion have kept inflation well above the Federal Reserve’s 2% target for years.Meanwhile, some market participants believe this is a fundamental shift rather than a temporary surge. “We are in a new regime,” Samuel Martinez, portfolio manager at Vanguard, reportedly told Bloomberg. He added that global central banks' focus on inflation has traders pricing in multiple hikes worldwide.&nbsp;The Fed raised its benchmark interest rate by 25 basis points at its September meeting to a target range of 3.75% to 4.00%, the first hike in over three years.&nbsp;American billionaire investor and businessman Jeffrey Gundlach, widely known as the "New Bond King," said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TruthGundlach/status/2102904331963896071">post</a> on X, “The dilemma: If the Fed hikes, it will worsen the interest expense problem (since so much borrowing is at the short end). If the Fed cuts it will worsen the inflation problem.”Earlier this week, BlueBay Asset Management's head of market strategy, Mike Bell, told Reuters that the latest move above 5% may have started triggering concerns about a rise to 6%. "People think of it as if there's a magic number for Treasury yields at which it becomes ​a problem, (but) it's a relative number, not an absolute number," Bell said, noting that the 5% threshold has always been a psychological marker rather than an automatic tripwire.Economist Peter Schiff noted in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff/status/2103273653769269511">post</a> on X, “Another day, another high in bond yields. The 10-year Treasury now yields 5.2% and the 30-year yields 5.48%. Enjoy these low rates while you can as they won't last long. Soaring government spending, debt, inflation and de-dollarization will drive rates much higher.”<h2 class="st-heading-2">Bond Yields Rise Globally</h2>Beyond the U.S., other global economies are also dealing with rising bond yields amid energy disruptions from the Iran war and high borrowing levels.&nbsp; On Thursday, Japan’s government yields soared to levels last seen in 1996. South Korea's government bond yields are hovering around 3.97% to 4.58% across maturities, although China’s 10Y bond yield has held steady at 1.67%.&nbsp;<h2 class="st-heading-2">Why Retail Traders Are Still Betting On Stocks</h2>In 2026, U.S. stock markets have rallied despite the ongoing war as a boom in artificial intelligence demand has bolstered them higher. The S&amp;P 500 and the tech-heavy Nasdaq have both notched fresh highs, drawing in investors amid growing AI optimism.&nbsp;Analysts have been raising their year-end targets on the benchmark indexes. Recently, Jefferies&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/s-and-p-500-to-9-000-by-2027-analyst-breaks-down-bullish-thesis/cZMbCnpRB45">forecast</a> that the S&amp;P 500 would extend its rally through the end of 2026 and well into next year, with a year-end target of 8,000 for the index and an increase to 9,000 by the end of 2027. Jefferies said that AI is a key catalyst for the earnings story, estimating that companies with direct or indirect exposure to AI and data-center investment already account for about 46% of the S&amp;P 500, with their earnings expected to grow about 60% in 2026.UBS Global Wealth Management sees the index climbing to 8,100 by year-end, implying upside of more than 5% from current levels.&nbsp;Meanwhile,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://kalshi.com/markets/kxnasdaq100y/nasdaq-yearly-range/kxnasdaq100y-26dec31h1600?op_market_ticker=KXNASDAQ100Y-26DEC31H1600-T33000">traders on Kalshi</a> are betting that the Nasdaq 100 will close at or above 33,000.01 in 2026, implying an upside of more than 8% from current levels.Among ETFs tracking benchmark indexes, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a> was up 0.17% at the time of writing amid ‘extremely bullish’ sentiment.&nbsp;The&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust (QQQ)</a> and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust (DIA)</a> also gained 0.44% and 0.18%, respectively, amid ‘bullish’ sentiment. Year to date, SPY has surged over 11%, while QQQ is up about 19% and DIA has gained over 5%.One user&nbsp;<a href="https://stocktwits.com/fmcasado/message/665079613">said</a>, “$SPY I see green, keep it green.”Another user&nbsp;<a href="https://stocktwits.com/Marketready2dump/message/665084867">said</a>, “$QQQ Once everyone realizes that the market is built on hopes, you will finally understand why it will never go down.” The user added that the market had already priced in all bad news, adding that, “the sooner you accept it, the better it is for you.”The&nbsp;<a href="https://stocktwits.com/symbol/TLT">iShares 20+ Year Treasury Bond ETF (TLT)</a> was last up 0.33% overnight heading into Friday amid ‘neutral’ sentiment. But year-to-date, it has lost nearly 10%.For updates and corrections, email newsroom[at]stocktwits[dot]com.

A Wall Street sign is seen in New York City, United States, on August 5, 2026. (Photo by Marcin Golba/NurPhoto via Getty Images)

US Bond Yields Keep Climbing — But Retail Traders Still Can’t Get Enough Of Stocks

In a Stocktwits poll gauging where investors would rather put their money, a majority voted for stocks.

iShares 20+ Year Treasury Bond ETF

<ul class="summary-bullets"><li>A historic summit between U.S. President Donald Trump and Chinese President Xi Jinping also influenced markets, keeping Chinese stocks in the spotlight alongside American stocks.&nbsp;</li><li>Asian markets were also dominated by the AI narrative this week, even as higher global bond yields, elevated oil prices, and shifting monetary policy expectations also impacted markets.&nbsp;</li><li>Among Asian stocks, the iShares MSCI Taiwan ETF led, while the iShares MSCI Japan ETF posted the steepest decline.&nbsp;</li></ul>U.S. stock markets were influenced by multiple key catalysts through Sept. 24, kicking off with an artificial intelligence-led rally, followed by pressure from surging bond yields and oil.&nbsp;However, the tech-heavy Nasdaq index surged past its American and Asian counterparts as AI stayed in focus.&nbsp;A historic summit between U.S. President Donald Trump and Chinese President Xi Jinping also influenced markets, keeping Chinese stocks in the spotlight alongside American stocks.&nbsp;Other Asian markets, including Japan, Taiwan and South Korea, were mixed amid a holiday-shortened week.<h2 class="st-heading-2">US Markets Vs Asia Markets</h2>The&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust (QQQ)</a>, which tracks the Nasdaq, is on track to post gains this week and beat its U.S. counterparts. The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF Trust (SPY)</a> is also on track to end the week higher, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF (DIA)</a> is on track to end in red.&nbsp;Among Asian stocks,&nbsp;<a href="https://stocktwits.com/symbol/EWT">iShares MSCI Taiwan ETF (EWT)</a> was in the lead, up about 1.29%. Taiwan markets will remain closed on Friday for the Mid-Autumn FestivalThe&nbsp;<a href="https://stocktwits.com/symbol/EWJ">iShares MSCI Japan ETF (EWJ)</a> clocked the deepest decline, although markets were closed for three days this week.&nbsp;The&nbsp;<a href="https://stocktwits.com/symbol/EWY">iShares MSCI South Korea ETF (EWY)</a> and&nbsp;<a href="https://stocktwits.com/symbol/MCHI">iShares MSCI China ETF (MCHI)</a> are also on track to end the week higher.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/koyfin_20260925_110222782_a520a3badb.png" alt="koyfin_20260925_110222782.png" width="2400" height="1500"></figure><h2 class="st-heading-2">US Market Drivers&nbsp;</h2>U.S. markets largely focused on the second meeting between the leaders of the U.S. and China, marking Xi’s first visit to Washington in more than a decade. The leaders discussed the importance and consequences of AI alongside managing U.S.-China relations. On Thursday, major technology company CEOs, including Nvidia’s Jensen Huang, AMD’s Lisa Su, Elon Musk, OpenAI’s Sam Altman, Google’s Sundar Pichai and Meta’s Mark Zuckerberg attended a White House state dinner for Xi.Meanwhile, rising long-term Treasury yields and elevated oil prices remained key market concerns, with the 10-year U.S. Treasury yield climbing above 5.19% on Thursday, while the 30-year yield reached 5.48% even as the Treasury bought back $4.08 billion of longer-dated bonds as part of a $6 billion program aimed at supporting market liquidity.&nbsp;<h2 class="st-heading-2">What’s Happening In Asian Markets?</h2>Asian markets were also dominated by the AI narrative this week, even as investors dealt with higher global bond yields, elevated oil prices and shifting expectations for monetary policy also impacted the markets.&nbsp;Chinese stocks were in focus amid the U.S.-China summit. China’s central bank also kept its one-year and five-year lending rates unchanged at 3.00% and 3.50%, respectively, for a 16th consecutive month, largely in line with market expectations.&nbsp;South Korea’s KOSPI was up about 0.9% at the time of writing, led by Samsung Electronics and SK Hynix, as an inflow into AI stocks boosted their shares.&nbsp;Japan’s Nikkei rose about 1.25% at the time of writing, with the Bank of Japan’s raised rates still in focus.&nbsp;<h2 class="st-heading-2">Retail Stance: US Vs Asia Markets</h2>On Stocktwits, retail sentiment around SPY, QQQ and DIA was in the green territory.&nbsp;Meanwhile, retail sentiment around MCHI, EWJ and EWT was ‘neutral ’, while it was ‘bullish’ for EWY.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.

Stock market numbers are displayed as traders work on the floor of the New York Stock Exchange. (Photo by Michael M. Santiago/Getty Images)

Stocktwits Passport Portfolio: QQQ Weekly Rally Leaves SPY, DIA And Asia In The Dust

The tech-heavy Nasdaq index surged past its American and Asian counterparts as AI stayed in focus this week.

iShares MSCI Japan ETF

iShares MSCI Taiwan ETF

iShares MSCI South Korea ETF

iShares MSCI China ETF

<ul class="summary-bullets"><li>Burry warned the AI spending boom is echoing past capital-cycle bubbles, with the fallout potentially emerging in 2028 or 2029.</li><li>Big Tech’s AI commitments are ballooning, with Alphabet carrying nearly $900 billion in off-balance-sheet exposures, according to Burry.</li><li>Hyperscalers are on track to spend about $800 billion on CapEx this year, with annual spending expected to top $1 trillion next year.</li></ul>Michael Burry is again sounding the alarm over the record investment by Big Tech and cloud companies, arguing that hyperscalers are building up enormous financial commitments that could eventually result in massive write-offs.In a new&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://michaeljburry.substack.com/p/capital-cycle-iq-and-the-forensic">blog post</a> published on Thursday, “The Big Short” investor compared the current AI spending boom with previous capital-cycle bubbles, including the dot-com era, pointing to net capital investment reaching 2.07% of GDP — the highest level in four decades outside the aftermath of the March 2000 Nasdaq peak.“Today’s level is higher than any prior time save for the aftermath of the massive NASDAQ market peak in March 2000,” Burry wrote.His concern is not the amount companies are spending, but how much of the spending is being financed through leases, purchase obligations and other commitments that do not immediately appear as conventional capital expenditure or debt.Burry wrote that he expects the consequences to become particularly visible around 2028 or 2029, when he believes companies could face significant write-offs.&nbsp;“The most profitable companies in the world, except Apple, are betting everything on this as their free cash flow turns negative and the borrowing pace increases,” he said. Here’s his view on the issue for each of the major hyperscalers.&nbsp;<h2 class="st-heading-2">Microsoft: Leases And Longer Asset Lives</h2>Burry took a particular aim at Microsoft’s accounting treatment of its massive data-center buildout. He said the company nearly tripled uncommenced leases to more than $300 billion while extending the upper end of its data-center useful-life range from 15 years to 25 years.The changes, he argued, allow Microsoft to shift spending toward operating leases and reduce reported capital expenditure in 2026 and 2027. “Too cute by half,” Burry wrote, adding that Microsoft appears increasingly willing to use depreciation assumptions to achieve desired accounting outcomes.<h2 class="st-heading-2">Amazon: More Debt, More Commitments</h2>Amazon’s uncommenced leases and purchase commitments surged 81% in nine months to about $267 billion, according to Burry. Meanwhile, long-term debt doubled in six months to $128.9 billion.While he credits Amazon for putting much of its borrowing directly on the balance sheet, he argued that the company’s financial position is becoming increasingly leveraged as free cash flow turns negative. “To Amazon’s credit, at least the borrowing sits on the balance sheet,” Burry wrote. “But sheesh, honest leverage is still leverage.”<h2 class="st-heading-2">Meta Stares At Billions In Future Commitments</h2>Burry estimates Meta has roughly $700 billion of uncommenced leases and purchase obligations that remain off balance sheet, potentially approaching $1 trillion.He challenged the argument that Meta’s investments are protected by long-lived physical assets, pointing to telecom infrastructure companies that suffered enormous write-offs during the early-2000s downturn.“Whatever Meta’s physical assets are, they are far less long-lived than the telecommunications and data transmission grid,” he wrote.<h2 class="st-heading-2">Alphabet: Nearly $900B In Contractual Commitments&nbsp;</h2>Alphabet has nearly $900 billion in off-balance-sheet commitments and exposures, according to Burry, including purchase obligations and financing linked to AI partners.Burry said he was particularly skeptical of arrangements involving Google investing in AI companies while also supplying them with computing infrastructure. He called such transactions “circular dealing” and argued that similar practices would attract greater scrutiny in other industries.<h2 class="st-heading-2">Oracle: Accounting And Customer Prepayments</h2>Burry questioned Oracle’s accounting around customer prepayments, highlighting an $11.4 billion operating-cash-flow item tied to customers with significant financing components.By accepting customer prepayments, Oracle uses accounting rule ASC 606 to "magically" boost future cloud revenue by nearly 20% without delivering extra service or work product immediately. “In this way, the extra $1.9 billion becomes extra revenue created by the structure of the contract,” Burry wrote.<h2 class="st-heading-2">Big Tech CapEx Concerns</h2>Burry argued that massive spending itself does not guarantee a durable competitive advantage. “Capital alone is no lasting competitive advantage,” he said, urging investors to wait for more attractive opportunities rather than chase the AI boom.Big Tech and cloud hyperscalers are on track to spend roughly $800 billion on capital expenditure in 2026, with estimates&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/jp-morgan-ceo-sees-hyperscaler-spending-hitting-1-trillion-next-year-and-still-growing-investors-are-shrugging-it-off-for-now/cZMPLi0RBeJ">pointing to</a> $1 trillion or more in 2027 as companies race to build AI data centers and computing capacity.&nbsp;&nbsp;&nbsp;The sheer scale has made investors nervous because spending is increasingly outpacing free cash flow, forcing companies to rely more on debt and other sources while raising questions about whether AI-related revenues will ultimately justify the investment.&nbsp;Burry’s blog comes amid broader concerns that a slowdown in AI demand or weaker-than-expected returns could leave hyperscalers with excess capacity and declining returns on investment, potentially weighing on the broader market.On Stocktwits, the retail view was ‘bullish’ for GOOGL, AMZN, MSFT, META and ‘neutral’ for ORCL as of early Friday.For updates and corrections, email newsroom[at]stocktwits[dot]com.&nbsp;Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/costco-confirms-its-food-court-churro-is-coming-back-cost-stock-flat-despite-q4-bea/cZMaDeFRBaa">Costco Confirms Its Food Court Churro Is Coming Back — COST Stock Flat Despite Q4 Beat</a>

Michael Burry attends "The Big Short" New York Premiere at Ziegfeld Theater on November 23, 2015 in New York City. (Photo by James Devaney/WireImage)

AMZN, META, GOOGL, MSFT, ORCL: Michael Burry Sounds Fresh Alarm On Big Tech’s AI Spending, Warns Of Massive Write-Offs In Two Years

Burry flags rising leverage, off-balance-sheet commitments and accounting practices as AI infrastructure spending accelerates.

Amazon.com Inc

Roundhill Magnificent Seven ETF

Microsoft Corp

Advanced Micro Devices, Inc. engages in the semiconductor business. Its products include processors, accelerators, graphics, adaptive SoCs, FPGAs, and SOMs, and software, tools, and apps. The firm offers artificial intelligence, industries, workloads, and gaming solutions. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.

Advanced Micro Devices Inc.

Expectations that Metas Muse AI agent could boost demand for server CPUs are fueling AMDs sharp rally and fresh highs, alongside broader enthusiasm for AI infrastructure. Bulls point to CPU demand and momentum, while skeptics argue the valuation has run far ahead of fundamentals and warn of a pullback.

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU), and Automotive and Embedded Business Unit (AEBU). The CMBU segment focuses on memory solutions for large hyperscale cloud customers and High-Bandwidth Memory for all data center customers. The CDBU segment is involved in memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. The MCBU segment focuses on memory and storage solutions for the mobile and client segments. The AEBU segment is involved in memory and storage solutions for the automotive, industrial, and consumer segments. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Micron Technology Inc.

Micron Technology Inc

Microns upcoming quarterly results and outlook are the main focus, with bullish traders pointing to AI-driven memory demand, tight supply and stronger DRAM pricing, while skeptics warn that expectations are high after the stocks steep run and question how long the cycle can last. Traders are also weighing market volatility and the Netlist patent investigation, but largely see guidance on demand and margins as the key test.

Akamai Technologies, Inc. is the cybersecurity and cloud computing company that powers and protects business online. The market security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. The firm full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. The global enterprises trust Akamai to provide the industry reliability, scale, and expertise they need to grow their business with confidence. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel M. Lewin on August 20, 1998 and is headquartered in Cambridge, MA.

Akamais multiyear cloud agreement with Anthropic to support AI computing workloads is driving attention, with traders viewing it as a major validation of the companys AI infrastructure business. Optimism is tempered by concerns about the capital spending required and potential dilution from warrants, alongside profit-taking after the sharp surge.

Infleqtion, Inc. engages in delivering neutral atom solutions for quantum computing, networking, sensing, and security. Its products are categorized into computing, sensing, and cores. The company was founded on February 7, 2007, and is headquartered in Louisville, CO.

Infleqtion Inc. - Ordinary Shares - Class A

Infleqtion Inc.

Infleqtions reported achievement of 30 entangled logical qubits on its commercial Sqale system using 80 physical qubits is drawing attention as a major quantum-computing milestone, with traders highlighting its efficiency and roadmap progress. The reaction is largely bullish, though some question the significance relative to competitors and say broader market weakness has muted the stocks response.

The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners. The Ondo Foundation assisted in the launch of the Ondo DAO, which deployed and currently governs Flux Finance, the first lending protocol supporting tokenized securities as collateral.  ONDO token holders are entrusted with shaping the future of the Ondo DAO so that it continues to pursue its mission to democratize access to institutional-grade finance. The Ondo DAO gives ONDO holders specific rights pertaining to Flux Finance, which is currently governed by the Ondo DAO.

Ondo

A sharp ONDO rally is drawing attention alongside discussion of Ondos tokenized-asset push and its BlackRock-linked portfolio launch. Bulls see room for growth in real-world asset tokenization, while skeptics argue the governance token lacks a direct link to protocol revenue unless a fee switch or other value-accrual mechanism is adopted.

Enphase Energy, Inc. is a global energy technology company, which engages in the business of designing, developing, manufacturing, and selling home energy solutions that manage energy generation, energy storage, control, and communications on one intelligent platform. It operates through the following geographical segments: the United States, the Netherlands, and Others. The company was founded by Raghuveer R. Belur and Martin Fornage in March 2006 and is headquartered in Fremont, CA.

Enphase Energy Inc

Solar-sector weakness and Enphases continued share-price slide are the main focus, with traders pointing to interest-rate sensitivity and a pressured residential-solar market. Some expect further downside, while others are buying dips and citing the companys longer-term IQ SST/data-center opportunity as a potential growth driver.

Chainlink is the industry-standard decentralized oracle network that solves the "oracle problem" by connecting smart contracts with real-world data. Blockchains cannot access external information on their own, so Chainlink acts as a secure bridge, enabling smart contracts to react to real-world events using verified, tamper-proof data. It is widely considered one of the first decentralized oracle networks and is the market leader in bringing off-chain data on-chain.  The platform operates through a decentralized network of nodes that fetch, validate, and deliver data to smart contracts. When a contract requests information like a stock price, a committee of independent nodes retrieves and aggregates the data to reach consensus, then delivers a single trustworthy answer. Chainlink offers a suite of services including Data Feeds for asset prices, CCIP for cross-chain token transfers and messaging, Automation for triggering smart contract functions, and Proof of Reserve for verifying asset collateralization.  Chainlink has established itself as critical infrastructure for both DeFi and institutional adoption, with partnerships including Swift, Euroclear, Mastercard, UBS, ANZ, Fidelity International, and J.P. Morgan. Its institutional products include the Chainlink Runtime Environment for tokenized asset workflows, Confidential Compute for privacy-preserving computation, and the Automated Compliance Engine for embedding regulatory rules into smart contracts.  The LINK token is the native asset used to pay node operators for services, fund subscription accounts, and incentivize network security through staking. Node operators stake LINK as collateral, which can be slashed if they provide inaccurate data. Chainlink was co-founded in 2017 by Sergey Nazarov and Steve Ellis, who co-authored the white paper with Ari Juels, and raised $32 million in its September 2017 ICO.

ChainLink

LINKs sharp rally and rising volume have sparked breakout talk, with bullish traders celebrating renewed momentum while others warn the move could fade at resistance. The debate also reflects optimism about Chainlinks role in tokenization and institutional blockchain infrastructure, alongside doubts that network adoption will translate into value for the LINK token.

London-based Quant Network is set to revolutionise blockchain technology with the development of their blockchain operating system Overledger. The experienced team are determined to fulfil the original vision of the internet by creating an open trusted network for people, machines, and data to operate securely and safely.  Overledger -the first interoperable blockchain operating system that facilitates internet-scale development of decentralised, multi-chain applications. Overledger has the ability to unlock and distribute value and applications across current and future blockchains. It is an agnostic platform that connects the world's networks to blockchains and ensures you're not limited to any single a vendor or technology. Overledger is the only platform that facilitates the development of internet-scales development of decentralised, multi-chain applications.

Quant

Traders are linking QNTs sharp rally to reports that Quant will support The Clearing Houses tokenized-deposit initiative, with a Robinhood listing also drawing attention. Bulls cite bank adoption and limited token supply, while skeptics warn the move may fade and question whether institutional use will translate into token demand.

Iovance Biotherapeutics, Inc. engages in the development and commercialization of cell therapies using autologous tumor-infiltrating lymphocytes (TIL) for the treatment of cancer. Its products include Amtagvi (lifileucel), and Proleukin (aldesleukin). The firm also develops investigational TIL therapies for other solid tumor cancers. The company was founded by Robert T. Brooke on September 17, 2007 and is headquartered in San Carlos, CA.

Iovance Biotherapeutics Inc

Goldman Sachs return to a Buy rating, citing easing Amtagvi launch hurdles and improving margins, is the main catalyst behind IOVAs rally. Traders are upbeat but some question Goldmans sharp reversal, while attention remains on the pending revenue-guidance update and NSCLC data.

FuboTV, Inc. is a consumer-first live TV streaming company with the mission of delivering premium sports, news and entertainment programming that offers greater choice, flexibility and value. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.

fuboTV Inc - Ordinary Shares - Class A

fuboTV Inc

FUBOs volatile swings and rebound have fueled speculation about short covering and a potential squeeze, with bulls also pointing to Disney integration and the new CEO as longer-term catalysts. Skeptics argue the stock has struggled to hold gains and question whether those prospects justify the optimism.

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