B. Funk

stocks, options (none of it is advice), I’m an expert at knowing experts are rarely right. However, I stayed at a Holiday Inn Express last night

[B. Funk @B_Funk_]

I feel like 2026 will be a lot like 2025. AI will continue to grow, while bottlenecks in power and chips continue. Everyone will scream bubble, but there isn’t one. Lots of volatility, so no need to chase. My horses are:

Tier 1
$CRCL $NBIS $AMZN $MELI

Tier 2
$PCT $PATH $TE $RH

Tier 3
$MSOS $SUUN $RDW $ASPI

Shorts, if I shorted
$SLV

Just like always…I won’t own these all year, I’ll trade in and out, but if I couldn’t trade, I’d hold these all year.

[B. Funk @B_Funk_]

Let me caveat that I think these $GS numbers for $SPCX are fantasy land, but they have to justify the $1.8T because they are lead left BR on the deal.

$ASTS - But, if Starlink gets to even half the expected revenue of $144b, then NO ONE owns enough $ASTS at a 43b market cap. Without a doubt we’d see a minimum $500b market cap by 2030…probably higher.

[*Walter Bloomberg @DeItaone]

GOLDMAN SEES SPACEX AI REVENUE EXPLODING TO $322B BY 2030

Goldman Sachs projects SpaceX AI revenue rising from $3.2B in 2025 to $322B by 2030, a ~100x increase, forming the core justification for its $1.78T IPO valuation. Total revenue is forecast to reach $474B, with Starlink at $144B and rockets at $8.3B.

AI segment growth is tied to aggressive market assumptions despite current losses and execution concerns around xAI. Overall EBITDA is seen surging to $352B by 2030.

[B. Funk @B_Funk_]

@fReshhhh26 Ok

[B. Funk @B_Funk_]

Everyone looking for a top. There will always be pullbacks. But I ask everyone to look at the guidance of companies like $AVGO $MRVL $AMZN $PLTR just to name a few. Revenue and earnings growth is accelerating meaningfully. There isn’t a real top until we see deceleration with meaningfully higher valuations.

$SPY gets to 11,700 by 2028 at the latest.

[🏴‍☠️ @calvinfroedge]

We're all sitting here watching broadcom get slaughtered after hours and we're asking the same question

Did greed just turn to fear?

[B. Funk @B_Funk_]

@fReshhhh26 In a bubble, they don’t

[B. Funk @B_Funk_]

@Kayfly2017 @E055Michel1842 @calvinfroedge The overall market is at a lower valuation today than it was 18 months ago. The returns have been all earnings.

[B. Funk @B_Funk_]

@E055Michel1842 @calvinfroedge No one uses TTM PE’s.

[B. Funk @B_Funk_]

$AVGO

consolidated revenue +48% —-> guides Q3 —>84%

AI semi revenue +143% —> guided Q3 —> 200%

All while margins stay at 67%

Folks, this isn’t a bubble

[Wall St Engine @wallstengine]

$AVGO Q2’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $22.187B (Est. $22.13B) 🟢; +48% YoY
🔹 Adj. EPS: $2.44 (Est. $2.39) 🟢; +54% YoY
🔹 Semiconductor Solutions: $15.009B (Est. $14.65B) 🟢; +79% YoY
🔹 AI Semiconductor: $10.8B (buyside Est. $11.3B) 🟡; +143% YoY

Q3 Guide:
🔹 Revenue: ~$29.4B (Est. ~$28B; buyside $30B) 🟡; +84% YoY
🔹 AI Semiconductor Revenue: ~$16B (buyside Est. ~$18B) 🟡
🔹 Non-GAAP Operating Income: ~67% of projected revenue
🔹 Adjusted EBITDA: ~68% of projected revenue

Segment Performance:
🔹 Semiconductor Solutions Revenue: $15B; +79% YoY
🔹 Infrastructure Software Revenue: $7.178B; +9% YoY

Financials:
🔹 FCF: $10.262B; 46% of revenue
🔹 Non-GAAP Net Income: $12.074B; +55% YoY
🔹 Adjusted EBITDA: $15.244B; +52% YoY
🔹 Operating Cash Flow: $10.493B; +60% YoY
🔹 Cash & Cash Equivalents: $19.628B

Capital Return:
🔹 Dividend: $0.65/share payable June 30, 2026
🔹 Q2 Dividend Paid: $3.092B

Commentary:
🔸 “Broadcom achieved record revenue, operating profit and free cash flow in Q2 driven by accelerating growth in AI semiconductor revenue and strong operating leverage.”

🔸 “Q2 semiconductor revenue from AI of $10.8 billion grew 143% year-over-year, above our forecast, driven by increasing demand for custom AI accelerators and AI networking.”

🔸 “The momentum continues and in Q3 we expect semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion.”

🔸 “In Q3 we expect consolidated revenue growth to increase 84% year-over-year to $29.4 billion, with non-GAAP operating margin stable at 67% reflecting our strong operating leverage.”

🔹 Data conflict: Revenue shows $29.4B in one input vs $22.187B in the press release/Q2 earnings details

[B. Funk @B_Funk_]

@duediligenceguy $SNDK +671% YTD
$SNDK ‘27 EPS estimates +698% since January.

This isn’t 2000

[B. Funk @B_Funk_]

@bespokeinvest Trailing EPS? Why?

[B. Funk @B_Funk_]

@Reformed_Trader Very long common and leaps in $TEM

[Codify @CodifyBaseball]

the guy on the left has a .412 OBP and a .521 SLG
the guy on the right has an 0.82 ERA

[B. Funk @B_Funk_]

@zerohedge So profound

[B. Funk @B_Funk_]

$MRVL up another $25 in AH. This is now getting a bit silly. Will probably unload most of my $90 leaps tomorrow.
$14 —> $230 in 3 months.

Good thing about leaps is it’s gives you plenty of time if you’re wrong initially. Bad thing, you pay for the time in premium. Overall though, better than what I expected…by a lot.

[B. Funk @B_Funk_]

Holding $MRVL 6/27 $90 Lps
Holding $MSOS 1/27 $4 Lps

Finally, continually adding to my dividend & CC portfolio so I can officially walk away in 2 years. I’ve looked at a screen blink for far too long. Time to enjoy life.

[B. Funk @B_Funk_]

Never thought I’d side with @CitronResearch here. This dude is found guilty while @BillAckman goes on @CNBC during Covid and says the world is ending while simultaneously buying stocks hand over fist.

There is no holding period for stocks after an opinion. If so, everyone that goes on CNBC, should be in jail too.

[B. Funk @B_Funk_]

@DeItaone Trust erodes in establishment, so let’s vote for the people most adhered to the establishment.

Gen Z is not only lazy, but they are low IQ as well.

[B. Funk @B_Funk_]

I know quite a few Financial Advisors that have been around for 15 years or longer and "manage" hundreds of millions of dollars....and I wouldn't trust my money with 90% of them.

Being a successful FA isn't about performance, it's about the ignorance of their clients who value "trust" more than returns. The whole thing is one big racket.

[Jeremy M. Jacquin @jeremymjacquin]

@SixStockThesis Yet I’m the one with 15 years experience as a stock broker and financial advisor and have managed hundreds of millions in the market. Good luck 👍🏼

[B. Funk @B_Funk_]

@jeremymjacquin ouch...hardly ever pays to short momentum stocks. Being a hero usually leads to being a zero.

[B. Funk @B_Funk_]

@zerohedge And right at the market open...lol

[Restore Halifax @RestoreHalifax]

Gad Saad explains suicidal empathy and its destructive effects on society.
https://t.co/Pp2DEi9yRh

[SleeperDodgers @SleeperDodgers]

Shohei Ohtani’s last 15 games are straight up video game numbers 😳🔥

.375 AVG
1.200 OPS
4 HR
15 RBI

AND…

3 GS
18.0 IP
0.50 ERA

Appreciate greatness 👏🔥