In 2020, millionaire trader Tim Bohen recommended Tesla at just $37 a share.

Those shares soared more than 1,100% at its peak — turning $1,000 into over $12,000.

But now, Tim says he is convinced Elon Musk is working on something that could dwarf Tesla's profit potential.

Credible sources confirm Elon is quietly planning the largest IPO in stock market history. By taking one of his companies public, he stands to gain an instant $625 billion in new wealth.

The good news is we can essentially partner with Elon before he cashes out — with as little as $100 and a single ticker.

Click here to watch Tim's analysis now.

Sincerely,
General Signer

CHART OF THE DAY

💻 $MSFT Breaks a 13-Year Record. And Not The Fun Kind.

Microsoft has crashed over 20% this year and we’re not even done Q1. Ss of today, it’s on track to close below its 200-week moving average for the first time in more than 13 years. That is not a dip. That is a structural reckoning.

What Broke the Spell: 

• Microsoft reported a strong January quarter. Revenue up 17% to $81.3 billion.

• Didn't matter. Wall Street looked past the headline numbers and straight at Azure. Cloud growth came in at 39% and the Wall Street wanted more.

• Meanwhile, capital expenditures ripped 66% higher to $37.5 billion. Spending up. Revenue growth flat. The math started bothering people.

The OpenAI Problem: Microsoft and OpenAI were best friends. Microsoft gave OpenAI billions of dollars. OpenAI promised to run all its computer stuff through Microsoft's servers. That was the deal.

Then OpenAI went and signed a $50 billion cloud deal with Amazon instead. They said it didn't break the rules. Microsoft disagrees. Almost half of Microsoft's future cloud revenue was counting on OpenAI staying loyal. That is $280 billion worth of "we thought we were still friends."

📈 The Bull Case:

• 📊 P/E of 23.17, the cheapest Magnificent Seven stock alive right now.

• 🏦 Morningstar fair value: $600. Bank of America target: $500.

• 💡 $625 billion in remaining contracted revenue still on the books.

📉 The Bear Case:

• 💸 $120 billion in projected CapEx this fiscal year, with no clear ROI timeline.

• 🤖 AI agents are replacing enterprise software. Companies are building custom tools instead of buying Microsoft licenses. Microsoft sells enterprise software.

• 🔓 Only 15 million paid Copilot subscribers out of 450 million commercial customers. That is 3%.

The Munch Take: This is not a broken business. Revenue grew 17% and the enterprise moat is still real. But the market is asking one simple question: where is the AI money? Microsoft spent $37.5 billion in a single quarter and converted 3% of its own customers to its flagship AI product. That is a concerning ratio. My wife bought a Surface in 2019 and uses it exclusively for Pinterest. She is somehow still ahead of the institutional thesis.

MUNCHY MEMES

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