ARMHot Pick
Stock Deep Dive
ARM surged 17% in a single day, with a 330x P/E ratio—what is there to buy?
Meta drives CPU revaluation, ARM surges by $50 billion in market value in a single day; Business is real, and prices are ahead
NextPick Research
Research Reports
Analyst-grade AI deep-dives on US stocks — thesis, valuation, risks and catalysts. Updated as new reports publish.
132 reportsRSS
SNDKHot Pick
Stock Deep Dive
SNDK surged 11% in a single day; is the 24x P/E ratio cheap or a trap?
Passive buying on the index ignited the rally, but the real bet was how long the NAND price rally could last
TSLAHot Pick
Stock Deep Dive
Tesla: 342x P/E versus 1.4% profit margin
With record-breaking revenue and a profit margin falling to 1.4%, Tesla is trading cash for the future
CRWDHot Pick
Stock Deep Dive
CRWD surged 13.85%, not because of financial reports
A single call to "slow down AI" ignited cybersecurity, pushing CrowdStrike with a 45x price-to-sales ratio to $241 billion
SMRHot Pick
Stock Deep Dive
SMR fell 15.67%: cash was 1.9 billion, with zero orders
UBS downgraded its worst single day of the year, with NuScale holding $1.9 billion in cash but still not holding a single binding commercial contract.
OKLOHot Pick
Stock Deep Dive
After a 78% drop, did OKLO actually succeed?
First criticality, Meta's 1.2 GW large order, NRC approval, yet the stock price fell back to $43
NVDAHot Pick
Stock Deep Dive
NVIDIA with a P/E ratio of 27.88 times—expensive or cheap
Quarterly revenue of $96.2 billion, price-to-earnings ratio of only 27.88 times, and a market value of $5.33 trillion, is the flip side of peak gross margin and diversion of self-developed development
TH
Sector Recap
$1.7B of Contracts in Hand, and the Stock Fell 3.5% That Day
The contract book and the market cap are both $1.7 billion, and the 2027 exit run-rate decides whether that money is worth anything.
BABAHot Pick
Stock Deep Dive
Profits plummeted 75%, Cloud rose 45%: What does Alibaba think?
A single quarterly free cash outflow of $6.58 billion was equivalent to 45% growth in AI clouds. Is this deal worth it?
MRNAHot Pick
Stock Deep Dive
MRNA, which rose 177% in one day, is still short squeeze after revaluation
The first mRNA cancer vaccine successfully achieved phase III, growing its market value to $45 billion overnight, though detailed data has yet to be released
NVDAHot Pick
Stock Deep Dive
With 81.6 billion in single-quarter revenue, can it really hold up to 5.45 trillion?
Growth is accelerating, but valuations are not outrageous; the real suspense for NVDA lies in August 26
CSCO
Sector Recap
Cisco Grew 18%, and Five Points of It Came From Price Hikes
A beat plus above-consensus guidance still ended in an 8.4% one-day drop: part of the growth is pricing, gross margin is heading down, and the stock is worth owning over quarters but not chasing this week.
AMAT
Sector Recap
AMAT Gross Margin Stalls at 50.4% and the Stock Drops 5%
Revenue grew 25% and margins hit an all-time high, yet the market fixated on one line about next quarter's flat gross margin — worth owning for the long run, not worth chasing this week.
NBIS
Sector Recap
NBIS After a 34% Day: 22x EV/ARR Against a Peer at 7x
Demand is real and the unit economics work, but 22x EV/ARR is three times what the peer group trades at — a name to follow on a long horizon while the short-term money sits elsewhere.
SPCX
Sector Recap
Revenue of $7.81B, Capex of $18.4B — In the Same Quarter
Revenue nearly doubled and the AI segment turned profitable for the first time, but the company spent $18.4B on capex in a single quarter while its cloud backlog stands at one-seventh of CoreWeave's.
PLTR
Sector Recap
PLTR: 93% Growth at 50x Sales
The evidence behind 93% growth and a 62% margin is real, but 50.9x EV/Sales already prepays the story out to 2030 — a long-term hold worth tracking, with a price that has run ahead of the money.
LITE
Sector Recap
Revenue Up 109%, But the Parent Sector Is Still Graded C
The fundamentals picked LITE out of the crowd, the money flows have not yet given a timing signal, and the valuation has squeezed the remaining room very thin — so the call right now is to wait for conditions.
CHIPS
Sector Recap
Computing Power Chips 2026 Q2 In-Depth: Where Is Money Flowing? Where Is Price?
The fastest-growing AVGO and NVDA have underperformed their sectors by nearly 40 percentage points year-to-date, while INTC, whose growth rate has not been disclosed, has risen 170%. The market bought narrative purity and sold profit momentum.
SPCXHot Pick
Stock Deep Dive
On the eve of the lock-up, it plunged 13.6%. Is SPCX expensive?
Revenue doubled and losses narrowed, yet it could not avoid the dual shadow of 911.5 million shares unlocking and $18.37 billion in capital expenditure
TSEMHot Pick
Stock Deep Dive
After a record-breaking financial report, it plunges 11.85%: Is TSEM expensive?
Silicon Photonics annualized 680 million, with a 2028 target of 3.6 billion, but the market has already cashed in on the positive news
PLTRHot Pick
Stock Deep Dive
PLTR overnight +29%, a 180x PE gamble
Q2 revenue surged 93% and net retention reached 157%, but a 47.8x price-to-sales ratio has already sealed the victory of 2028
LITEHot Pick
Stock Deep Dive
LITE's 9% rise in a single day was not due to its own news
The optical module market leader rose 9.24% in a single day, but the real test was in the August 11 earnings report
AMZNHot Pick
Stock Deep Dive
AMZN surged 15%—is this a turning point or an early overdraw?
AWS accelerated to 37%, profits doubled, but free cash flow turned negative—the market applauded first
AXTIHot Pick
Stock Deep Dive
AXTI surged 28.74% overnight, but it was still at the halving level
The record-breaking earnings delivered on a turning point, but only made up for a small part of the crash, with valuations still betting on 2027