To The Moon

$Microsoft(MSFT)$  You don't buy the exact low. That takes luck. You buy the zone. Currently, MSFT has been selling off for 14 days. It's been in the capitulation zone for several days now, and the selling pressure looks exhausting. It may take another couple of days, but MSFT has always reversed and moved higher after a correction. We are in the latter stages of this correction. We are in the process of flushing out weak hands. This is not a fly-by-night company. For those who bought near the highs, it's tough, but these are low levels. You don't sell at the lows; you consider buying. Doesn't matter if you don't catch the absolute bottom. After 14 days of selling, we are near the end of this move.

$Amazon.com(AMZN)$ Currently operates around 9GW of power capacity. $Microsoft(MSFT)$  is around 5GW. $Alphabet(GOOGL)$  is also near 5GW. $IREN Ltd(IREN)$  currently has about 5.8GW of contracted power. On a relative basis, that puts IREN in the same conversation as some of the largest hyperscale operators when it comes to power-backed AI infrastructure exposure. The key takeaway is scale: in AI, power capacity is becoming a direct proxy for future compute growth. As demand for data centers accelerates, contracted power becomes a strategic asset rather than just an operating input. That's why

$Apple(AAPL)$ Low investor expectations create a favorable setup for a narrative re-rating. A polished AI platform and a clear Agentic vision could push valuation to $365-$385, with upside to $440.

$NVIDIA(NVDA)$ Bulls can look forward to this: NVIDIA has historically had strong performance in July, posting positive returns in each of the last ten years with an average gain of around 10.7%.

I've been paying a bit more attention to $Microsoft(MSFT)$  lately. One data point really stood out to me. The last time Microsoft traded around 20x forward earnings, the stock went on to return 200%+ over the next two years. Does that mean it'll happen again? Of course not. But Microsoft today is arguably an even stronger business than it was back then. • Azure continues to benefit from AI demand • Copilot is becoming part of enterprise workflows • Cash flow and the balance sheet remain best-in-class I'm not in a rush to call the bottom, but when one of the highest-quality companies in the market starts looking reasonably valued, I pay attention instead of looking away. I'm slowly building my watchlist here.

$ServiceNow(NOW)$ $Microsoft(MSFT)$  People should remember that from 2021 to 2022, Nvidia was down nearly 50%, and since that drawdown, it's now up around 1,700%... If you panicked and sold during that drop, you missed a substantial part of the gains. I realize that period coincided with a massive Fed rate hike cycle, but these software companies aren't dead. Money is currently rotating to other parts of the market, but it will eventually cycle back.

$SpaceX(SPCX)$ I think $Amazon.com(AMZN)$  and $Microsoft(MSFT)$  will push past their market caps soon. It's possible they could overtake $Apple(AAPL)$  and $NVIDIA(NVDA)$  in a few years.

$Apple(AAPL)$ There are some gaps up around the $302 area, but overall this price still looks cheap. Given their AI positioning and significant leverage, as Goldman and Morgan Stanley mentioned, $350 seems conservative, and $400-450 is quite possible.

Apple's revamped Siri just clears the bar, enough to get the $Apple(AAPL)$  AI narrative back on track. Not a moonshot, but it stops the bleeding. Sometimes "good enough" is all you need to change the story.

$Apple(AAPL)$ I bought some Apple, Delta Air Lines, and American Express.