"Day 51: The Turbulence Gap — Markets Calm, Models Flash Danger"

SpaceX: The $2T Rocketship IPO

SpaceX just filed its S-1 at a $2 trillion valuation — the most expensive stock anyone's ever been asked to buy. But the company lost $4.28 billion in a single quarter. We break down the two companies hiding inside SpaceX, the $1.25B/month AI deal with a competitor, why 48% of shares may be pre-sold before you can buy a single one, and whether the real opportunity is actually in the boring suppliers nobody's talking about. Based on our deep-dive article "The $2 Trillion Rocket Ship" from M3I Research.

Bitcoin Cometh: Why Bitcoin and the Dollar Might Both Win

Bitcoin is at $81,200. Oil just spiked above $104. The US government is $39 trillion in debt. And somehow, both Bitcoin AND the US dollar are winning at the same time. How? Two words: stablecoins. In this episode, we break down the paradox hiding in plain sight — how the same inflation driving people into Bitcoin is also strengthening the dollar through a $320 billion digital dollar network that's already processing more than Visa. We debate the AI power crunch, the halving math, and whether this is a genuine shift in how money works — or the most sophisticated "number go up" story ever told.

How high is too high? Evaluating parabolic AI stocks

When a stock triples in a year, the natural reaction is that you've missed it. But price alone is incomplete information. In this episode, we break down two time-tested investment frameworks — Peter Lynch's PEG ratio and Stanley Druckenmiller's macro discipline — and apply them to four stocks at the heart of the AI infrastructure build: Micron, Sandisk, Corning and Coherent. The conclusion may surprise you: some of these names are still undervalued by the standards of investors who've been doing this for decades. Others have already priced in the destination.

Beyond the Bubble: Why This Is Not the Dotcom Crash

Is this 1999 all over again? Everyone says so. But when you actually look at the numbers, the comparison falls apart — and the real risks are somewhere else entirely. In this episode, we break down why NVIDIA isn't Cisco, why Costco's valuation should make every bubble-caller pause, and what the actual warning signs look like. Two hosts, two perspectives. One thinks the bubble talk is lazy. The other thinks the bulls are getting dangerously complacent. You decide.

The Rise of Agentic AI - a Deep Dive

Falling per-token costs aren't reducing AI infrastructure spend — they're accelerating it. In this episode, we break down why Jevons Paradox is playing out in real time across the AI supply chain, and what the input signals — from DRAM pricing to transformer lead times — are telling us about where this goes next. We cover: why agentic AI workloads consume 5-30x more tokens per task than chatbots, the seven upstream signals all moving in the same direction, and three companies positioned across the full stack from silicon to switchgear — Marvell Technology (MRVL), Micron Technology (MU), and IES Holdings (IESC). Plus, how Peter Lynch's PEG ratio framework screens in this environment. This is not investment advice. Visit m3iresearch.com for methodology and full disclaimers.