Dear Reader,

I've given away a lot of research over the years.

I've never had more people ask for one report than this one.

Insider sources say Elon has spent two years building a secret device inside Tesla's facilities...

...one he claims will be "10x bigger than the largest product in history."

The reveal is expected Sept 21.

And today I'm giving you the names and ticker symbols of 3 stocks positioned for it.

👉️ Click here to see all 3 tickers, free of charge.

BREAKING NEWS

🚀 SpaceX Climbed Back Above Its IPO Price, But The Real Story Is Still Ahead

Even rockets have off days, and this one bounced back fast. $SPCX SpaceX slipped under its $135 IPO price again Thursday, closing at $134.00, down 4.05%. The trigger wasn't a bad headline or a weak report. It was math. Roughly 319 million shares, worth close to $47 billion, became eligible for trading Thursday, the second wave in a staggered lockup schedule set to eventually free most of the company's float. The stock climbed back over the line Friday, gaining just over 2% to close near $137.

Here's why Thursday's dip is worth watching. This exact stock shrugged off a far bigger unlock earlier this month, when 911.5 million shares hit the market and the stock still climbed 6%. This time, a smaller unlock still dragged the price below its offering level, which hints buyer appetite may be cooling at these prices, even if Friday's bounce eased some of that concern.

• 🔓 The unlock: About 319 million shares, worth roughly $47 billion, became tradable Thursday.

• 📉 The dip: SpaceX closed at $134.00 Thursday, back under the $135 IPO price.

• 📈 The bounce: Shares climbed just over 2% Friday, closing back above $135.

• 📅 More is coming: A much bigger 1.3 billion share release lines up with third quarter earnings in November, followed by the full lockup expiration in December. Elon Musk's roughly 6.4 billion shares stay locked until June 2027.

The Munch Take: A stock can run a great business and still get pushed around simply because more people suddenly have the option to sell. Here's where we actually stand on this one. Anything under $100 is genuinely interesting to us, and that's the level where we'd start buying. Whether it gets there is a real maybe, nobody knows, and we're not pretending to. Outside of that, we're not touching this name unless it runs up hard first and then gives back a real chunk of that move, because right now this stock is still trading in no man's land as a freshly public company with more unlock waves still coming. Ask us again in ten years whether sitting on our hands here was the right call. For now, that's exactly where we're sitting.

Nobody Got Rich Selling Gold. They Sold Shovels. (Ad)

The AI boom isn't just about chips.

Every model needs cooling. Every server needs memory. Every system depends on high-speed networks.

The companies selling those aren't in the headlines — they're just in every single build, taking a cut of every dollar spent on the boom.

This briefing breaks down the infrastructure behind AI and 3 names positioned across the bottlenecks forming right now.

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STOCK OF THE DAY

💡 Looking For An AI Stock? This One's Worth A Look

Have you been searching for a good AI stock? Here's an interesting one you might not know about. Somebody has to build the cables that let AI chips talk to each other, and that somebody just had the best quarter of its life.

$LITE Lumentum gave a little back yesterday, closing at $866.71, down 1.43%, after a huge jump on Thursday when the company reported record earnings. Lumentum made over a billion dollars in one quarter for the first time ever. Revenue hit $1.01 billion, up 109% from last year. That came just days after a bunch of AI-related stocks had dropped about 10% together.

Here's what Lumentum actually makes. The company builds lasers and small parts that move data around inside giant AI computer buildings called data centers. Think of it like the wiring that lets all the AI chips talk to each other and share information fast. As AI keeps growing, companies need faster and faster connections between computers, and that is exactly what Lumentum sells. The company is also keeping more money from each sale now too, since a key profit number crossed 50% for the first time ever.

• 💰 The number: Revenue hit $1.01 billion, up 109% from last year, the company's first ever billion-dollar quarter.

• 🔌 The business: Lumentum makes lasers and small parts that connect AI chips together inside huge data centers.

• 📉 The dip that came first: AI-related stocks fell about 10% earlier in the week before this earnings report changed the mood.

• 📈 The bounce: Shares jumped 6.24% Thursday, then eased back 1.43% yesterday to close at $866.71, so buyers kept most of the gain.

The Munch Take: So is this a buy right now? We don’t think so, at least not yet. This stock has already gone on a massive run, and we think the real long-term winners in AI will be the companies selling the shovels, not the ones building the chatbots themselves. Lumentum, or a company just like it, is exactly the kind of stock we would want to own. Right now, though, it just feels a little too hot to chase.

Bonus Report: Inside the multi-trillion-dollar market most people watch from the sidelines (from Tuttle Capital Management)

🍪 Munchy Memes

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