Red Dot Returns

Husband, Father, Options seller, investor, technical analyzer, mentor, and friend. At the crossroads of TA and 2A.

[Red Dot Returns @RedDotReturnsX]

@FinanceLancelot It’s a sound theory…. I’m a permabull and even I can side with this one.

[ChinoAleman @chinoalemano]

JUST IN: Donald Trump has made peace with $IREN.

Higher we go.

[Red Dot Returns @RedDotReturnsX]

@aleabitoreddit You are absolutely right. I still believe in it but I explain it slightly differently.

I call it the art of studying the past in order to form a hypothesis about the future.

[Red Dot Returns @RedDotReturnsX]

@cantonmeow Yet most on X are charting the biggest crash in QQQ history starting Monday

[Red Dot Returns @RedDotReturnsX]

@elonmusk just accomplished the epitome of the American dream without question.

He proved to every single person in America that the dream is still alive and well…. That anything is still possible with enough consistent effort and a willingness to fail forward.

Not only did he achieve this but he gave 4400 other people that same American dream for helping him accomplish his own.

That’s the America I want to live in.

[Common Sense Investor (CSI) @commonsenseplay]

Totally disagree with Elizabeth Warren - this is the American dream!

Elon just created 4,400 millionaires in a single day.
400 are now worth over $100 million. $TSLA $SPCX

Not VCs. Not hedge funds. SpaceX employees - welders, technicians, machinists, even cafeteria staff - because the company paid workers in equity for two decades.

A welder who joined at $28/hour in 2015 turned a $10k stock grant into nearly $900k!

Another employee passed on a “safe” job at GE, stayed at SpaceX for 12 years, and his shares are now worth $13.5 million!!

Software IPOs have made rich engineers for years.

This is the first one where the wealth reached the factory and cafeteria floor.

[Brickell Finance Guy @IronChestCap]

me with the SpaceX cafeteria lady after she becomes a billionaire from the IPO

[Ehrmantraut Capital @EhrmantrautCap_]

Everyone who thinks $AMPG is just hype, forgets that $AMPG:

- Trades at 4.4x 2026 revenue ($50m), as per management's guidance. Management guided for $25m for the full year 2025, and that indeed happened. They don't underdeliver.

- Had a gross margin of 48% in Q1, and this gross margin will most likely continue to improve towards 55-60% in the coming years.

- Has revenue in different segments, including O-RAN/5G, quantum, SATCOM/space communications equipment and defense.

- Will most likely grow its revenue at a CAGR of 25-30% (could be more) from now until atleast 2030.

- Has active LOIs and POs from TELUS. We now know thanks to the article shared by @Lonsdale171255 (https://t.co/pt8UDPbhWN) that $AMPG could do atleast $300 million cumulative revenue from here to 2029, from TELUS alone.

The fundamentals check out very well, for a microcap stock that has a market value of less than $220 million. I have seen companies with much worse fundamentals trade above $1 billion market cap.

[Red Dot Returns @RedDotReturnsX]

@cantonmeow They don’t want to hear that kind of truth lol

[Red Dot Returns @RedDotReturnsX]

I am long $AMPG now as my largest holding ($5.05 cost). I’ve been researching this company for over a month now since stumbling across it. Previously, I invested in $ONDS at $1.80 and $IREN at $18 among others.

My conviction for AMPG may be the highest yet.

Companies who solve impossible problems offer some of the most asymmetric opportunities we get as investors.

Not financial advice, do your own research, and never chase.

[BULL OF BRITAIN @BULLOFBRITAIN]

This is probably one of the most insane SAMSUNG proxy on the market.

$AMPG - AmpliTech Group

> $150M market cap
> Its radios are already installed in TELUS's new 5G network, side by side with Samsung
> Every new style TELUS tower uses 5 radios per sector. 2 of them are AmpliTech's
> Sales up 49% YoY last quarter, 48% gross margins, $18M cash, zero debt

What is Open RAN? Simple: telecom giants used to buy entire networks from one vendor ($NOK, $ERIC, Huawei). Open RAN lets them mix and match equipment from multiple suppliers. TELUS is rebuilding its whole network this way by 2029.

That is how a tiny New York company ended up next to Samsung on a Tier 1 carrier's towers.

The math

5,000 towers x 6 AmpliTech radios = 30,000 radios

30,000 radios x $15K each = $450M opportunity

Trading at 0.1x the 2029 bull case math. Even if the real price per radio is a third of that, the r/r is still extremely good.

And TELUS is just the first leg:

> $118M in signed letters of intent from carriers
> Worked with $NVDA on the first AI-powered radio demo
> Shipped space hardware to a mystery Fortune 50 building a satellite internet constellation (you can guess who)
> The only US maker of a special amplifier that quantum computers need. $GOOG and $IBM have received units

Sourced:
@Lonsdale171255 (original article)
@olyth_terminal (calculations)

[Red Dot Returns @RedDotReturnsX]

@Gadex2012 @CKCapitalxx Someone hasn’t done their homework on $AMPG

[Red Dot Returns @RedDotReturnsX]

@cantonmeow Post and ghost 🤣

[ChinoAleman @chinoalemano]

The most powerful nation on Earth can put a rover on Mars, build the world's best fighter jets, and design the chips behind the entire AI boom.

But it cannot build the radio its own 5G networks run on. Every single company that makes them is foreign: $NOK, $ERIC, Samsung, Huawei.

A critical security flaw with Edge AI around the corner.

Let that sink in. 🧵👇

Here's the uncomfortable truth most people never think about.

Look at who builds the world's wireless radios, the hardware sitting on every cell tower, carrying every call, every text, every byte of data a nation moves:

🇨🇳 Huawei & ZTE — China.
🇫🇮 Nokia — Finland.
🇸🇪 Ericsson — Sweden.
🇰🇷 Samsung — South Korea.

Not one of them is American.

Start with the obvious one.

Huawei and ZTE?

The US already tore them out of its networks, Chinese hardware, espionage and backdoor fears, an adversary potentially sitting inside the nation's nervous system.

Banned.

Gone.

The right call.

But here's the part nobody talks about: even the friendly names are foreign.

Nokia.

Ericsson.

Samsung.

Allies, yes. Trusted, yes.

But the backbone of American communications is still built by foreign hands.

For decades, that was an acceptable risk.

The network just moved phone calls and data.

Annoying to depend on foreigners for, but survivable.

That era is ending.

And this is the part almost nobody has connected yet.

AI is about to become everything.

And the next phase of AI doesn't live in a data center in the desert, it lives at the EDGE.

On the towers.

Next to you.

Why?

Because the most important AI can't wait.

A self-driving car, a battlefield drone, a surgical robot, a factory floor, they need answers in milliseconds, processed locally, not on a round-trip to some distant cloud.

That's Edge AI.

And the place it physically runs is the radio network itself.

It will control cars.

It will control drones.

it will control humanoids.

Or whatever they build with AI.

Do you get it now?

This is the shift the whole industry calls AI-RAN: the cell tower stops being a dumb pipe and becomes a distributed AI computer.

The radio layer becomes the nervous system of the entire AI economy.

So now re-read the problem.

When that network was just carrying texts, foreign-built radios were a tolerable risk.

But when that same network becomes the real-time AI fabric running your cars, your factories, your power grid, your military's autonomous systems, foreign control of that layer stops being an inconvenience and becomes an existential one.

You cannot run a nation's AI nervous system on hardware you don't control, can't fully audit, and didn't build.

A single compromised layer there isn't a data breach, it's a kill switch on the economy.

That is exactly why Washington moved. It funded Open RAN, an open, auditable, multi-vendor architecture that breaks the foreign monopoly and lets American companies supply trusted pieces.

And it stood up Open6G, a DoD-funded hub to build a domestic foundation for the AI-native 6G era.

One problem: you can't build an American radio supply chain if no American company makes the radio.

And at the hardest, most advanced spec, the 64T64R Massive MIMO radio that AI-RAN runs on, there was exactly one.

AmpliTech.

$AMPG.

The only American company to design and commercialize it.

Inside the DoD-funded hub.

Defense-qualified; Lockheed, Northrop, L3Harris, Boeing. Already deployed on a Tier-1 carrier (alongside Samsung, the American piece in the open mix).

Already tested running AI-RAN with NVIDIA's compute on top.

So this was never really about beating Nokia or Ericsson.

It's about a superpower realizing that in an AI-everything world, the radio is no longer a pipe, it's the foundation of national power.

And at that foundation, in America, exactly one company stands.

When AI becomes everything, the edge becomes everything. And the edge runs on the radio.

There's only one American one.

Not financial advice. I'm long $AMPG. DYOR. 📡

[Red Dot Returns @RedDotReturnsX]

@DeItaone He will hold on the first meeting. This is highly predictable.

[Red Dot Returns @RedDotReturnsX]

$AMPG

[Sun Liao @sunxliao]

$AMPG I try my best to find stocks that go up in a straight line... 🫡📈

Don't need anything in return.

This is passion!

[Red Dot Returns @RedDotReturnsX]

@FinanceLancelot @FoFtyTrader Its 99.9999999% going to drop

[Red Dot Returns @RedDotReturnsX]

@aleabitoreddit It’s cloudy right now. A bit of both I suppose.

[ChinoAleman @chinoalemano]

You're about to see a wave of FUD on $AMPG.

It always shows up when a small ticker gets popular.

It happened with $AXTI at 15.

It happened with $SIVE at 15.

And it'll come in all flavors.

Some playing the innocent sheep, "just asking questions," "genuinely curious why it ran", concern-trolling in a soft voice

Others going straight for the throat: aggressive, dismissive, calling the whole thing a scam.

Different masks, same goal.

Because most of it is bad-faith noise hunting for your attention, your replies, your shares, and a pullback because they missed the entry.

Don't feed that.

But don't plug your ears either, know the real risks cold, and let the facts do the work.

So here's the whole picture, good and bad. 🧵

━━━━━━━━━━

🇨🇦 TELUS — THE PART ALREADY ON THE INCOME STATEMENT

This is the one most people haven't connected.

AmpliTech isn't pitching Telus.

It's designed into its network.

Straight from Telus's own VP of Wireless Strategy:

Every Open RAN site on Telus runs a combination of Samsung AND AmpliTech antennas.

Of the 5 radios per sector, 2 are AmpliTech's (the FDD mid-band units). Live, deployed, multi-vendor hardware, sitting next to Samsung on a Tier-1 carrier.

And the kicker: only ~15% of Telus's relevant sites are Open RAN today. That's the starting line, not the ceiling. Every new Open RAN site means more AmpliTech radios in the ground.

The seat is already won, it scales with the ramp.

━━━━━━━━━━

🧩 WHERE THAT RADIO CAME FROM

In March 2025, AMPG bought the full IP behind its 5G O-RAN radios from a private company, Titan Crest, for $8M ($3M cash, $5M stock).

The genius part: the bulk only triggered once a real Tier-1, Telus, placed its order.

They paid for validated tech only after the customer was real, then made it in the USA. On the final milestone they own that IP outright, plus a 10-year non-compete.

Years of R&D, skipped.

━━━━━━━━━━

🇺🇸 WHY WASHINGTON WANTS THIS COMPANY TO EXIST

The world's radio market is dominated by Nokia (Finnish 🇫🇮), Ericsson (Swedish 🇸🇪), Huawei (Chinese 🇨🇳, banned in the US).

America's critical wireless infrastructure runs on foreign gear, a national-security problem.

That's why the US funds Open RAN: an open architecture lets American companies supply trusted pieces.

AMPG is the only US company to commercialize a 64T64R Massive MIMO O-RAN radio.

The American answer, in an architecture the government is actively pushing.

━━━━━━━━━━

📡 NVIDIA — THE RELATIONSHIP PEOPLE UNDERRATE

AMPG's 64T64R radio was the hardware in the world's first open-source AI-RAN demo, running hand-in-hand with NVIDIA's Aerial software, inside Open6G, the DoD-funded hub at Northeastern.

And NVIDIA is now pushing to put GPU compute inside the radio itself, but NVIDIA doesn't make radios.

It makes the brain, not the body.

AMPG makes the body that brain runs on.

They've already worked together, and AMPG just added NVIDIA to its "Customers" wall.

(Honest: a collaboration/demo, not a signed supply deal, but the direction is loud.)

━━━━━━━━━━

🛰️ AMAZON / KUIPER — THE BREADCRUMBS

Dec 2024: AMPG disclosed it shipped space-qualified amplifiers to an unnamed "Fortune 50 satellite systems provider," for a LEO constellation, tens of thousands of units expected.

The only Fortune 50 building its own LEO network is Amazon (Project Kuiper). And as of this month, Amazon is on AMPG's customer wall too.

(Honest: still a deduction, still a prototype, but the dots keep pointing the same way.)

━━━━━━━━━━

⚛️ QUANTUM — THE QUIET OPTION

Superconducting qubits (IBM, Google) are read out through cryogenic amplifiers at 4 Kelvin, where almost every amplifier fails.

AMPG is the only American maker of them, and the CEO named Google and IBM as proof-of-concept recipients.

(Honest: proof-of-concept, no production revenue yet. Pure optionality, but real.)

━━━━━━━━━━

🏛️ THE CUSTOMER WALL (straight from their site)

These are the logos AmpliTech itself puts under "Customers" on its own site:

→ Tech & AI: NVIDIA, IBM, Amazon, Fujitsu, HTC

→ Defense & aerospace: Lockheed Martin, Northrop Grumman, L3Harris, Boeing, CPI

→ Research & academia: Northeastern, Georgia Tech, University of Edinburgh, Digital Catapult

→ Comms & media: Globecomm, Paramount, DiscoveryPlus, Disney Channel

→ Plus C2Tech, Greins, and others

Read that list again.

A sub-$200M company putting NVIDIA, IBM, Amazon, Lockheed and Northrop on its own customer wall.

Military approved.

Gov approved.

━━━━━━━━━━

💰 THE FUNDAMENTALS

➟ Debt-free. ~$18M cash.

➟ Gross margins 33% → 48%.

➟ $118M in LOIs across multiple carriers.

➟ Founder Fawad Maqbool started with $2 in 2002, still owns ~10%+, and hasn't sold a single share.

➟ Managment said they will close deals this quarter, *maybe* straight PoS, no LOIs.

━━━━━━━━━━

🧠 WHERE I PERSONALLY STAND

I've done the work.

Every angle of FUD you can throw.

I've already turned over myself; the material weakness, the dilution, the concentration, the "it's just a demo," all of it.

None of it is new to me.

And I put my own money here anyway.

And I'm not locked in.

I don't owe anything to Fawad.

I'm already massively green.

I could just sell, and that's it.

Next.

That's the part that should tell you everything: if I were scared, if any of that FUD actually broke the thesis, I wouldn't be posting through it.

I'd just sell.

Quietly.

Or loudly.

So people follow my next "call".

Done.

I'm not selling.

I'm holding.

Because after turning over every stone, my honest read isn't even close: this thing is completely undervalued.

And the way it's positioned, designed-in at Telus, the only US 64T64R radio, NVIDIA in the loop, Kuiper breadcrumbs, the only American name in cryogenic quantum, I don't see what stops it.

━━━━━━━━━━

🎯 THE WHOLE BOARD

A sub-$200M, debt-free, made-in-USA company already printing revenue at Telus, with AI-RAN, space and quantum stacked on top as optionality, all at the very start of the curve.

Don't panic at the noise, and don't blindly cheer the hype. Just know the company better than both.

Conviction built on facts doesn't flinch at a comment section.

Massively undervalued.

Not financial advice. I'm long $AMPG. DYOR.

[Red Dot Returns @RedDotReturnsX]

@MarascuSilviu @FinanceLancelot Carry trade investors have been wrong more than right.

[Red Dot Returns @RedDotReturnsX]

$AMPG - he looks good in black…. Just saying.

[Ehrmantraut Capital @EhrmantrautCap_]

This is an outstanding article on $AMPG by @rk8215. If you are really interested in $AMPG, I recommend following him and checking out more of his posts on $AMPG.