Why we are all here.

Let’s just help each other. Instead of you fools fighting each others.

Let’s go. Onwards.

-BPAskLivermore: To all my followers. I have officially retired at the age of 44 years old today.

I have sold my entire stake in $MU, $ARM, and $AMD for $7M. It has been a great ride and journey.

I have now parked my cash into $XLK (technology ETF), and $XLE (energy ETF).

I made it in my

🚨Leopolds 13F is out now:

It’s obvious that data centers, AI and energy is still the theme here.

With AI Datacenters as the core theme:

He added to $IREN $KEEL $CLSK $APLD $CRWV

Stay patience. Know what you hold.

-BP

Not financial advice.Wall St Engine: Leopold’s Situational Awareness 13F is out.

New positions include $TE, $HIVE, $SHAZ, $INTC, $AMD, $SMH, $TSM, $MU, $GLW, $ASML and $NVDA

Added to $KEEL, $CLSK, $RIOT, $IREN, $APLD, $BTDR, $CRWV and $SNDK.

Trimmed $SEI, $CORZ and $BE.

Exited $COHR, $LBRT, $TSEM, $HUT, $LITE,

Let’s be real here…

Every AI data center Nvidia ever builds needs optical transceivers to move data between GPUs.

Not because of GPU performance.
Not because of CUDA software.
Not because of rack density.

Because of physics. Electrical signals cannot move data at the bandwidth AI clusters require over distances greater than a few meters. Light can.

$INTC own data center documentation confirms fiber optic interconnects at 800G+ are required for every GPU cluster at scale.

Demand for 800G transceivers is STRONG with volume ramps underway in 2026.

$AAOI is still ONLY approximately $15B compared to peers as $LITE $COHR $CIEN at +50$B.

The GPU market is $500B+. The company supplying the optical layer those GPUs depend on for data movement is at $15B.

Rosenblatt raised their price target to $220 in May 2026, up from $140 in March.

Current price implies limited upside on Rosenblatt’s numbers relative to earlier valuations.

Now execution matters.Either the AI GPU capex cycle delivers the optical component volume the data suggests, or it doesn’t.

At current market cap vs. the $500B+ infrastructure build, valuations reflect much of the outcome.

But when execution follows $AAOI will easily run past $280, $300, $320, $350, $400.

I’m long $AAOI.

-BP

Save this.

Not financial advice. DYOR.

I recently connected with this guy here.

He seems legit. Cool.

Great approach to investing in terms of perspective of companies like $ONDS, but also investing in terms of; emotions, strategy, mindset.

Give the guy a follow 👊

Find him here: @ChairmansLedger

-BPThe Chairman's Ledger: New account, so here’s the short version.

I started at JPM.

Built a company.

Sold it for $100M+.

Served in places where risk was not theoretical.

Now I spend my time looking for public companies sitting at the intersection of capital, technology, and strategic necessity.

A friend texted me this week:

“Did you see $AAOI? What happened?”

What happened is that I bought it at $90 and he didn’t.

He’s not a bad investor. He’s a smart person.

He looked at $AAOI when I first mentioned it and said:

“It’s a small photonics company. The market cap is tiny. Too risky.”

I said: “The market cap is tiny because the market hasn’t priced the BOTTLENECK yet.”

Data centers at hyperscale cannot move AI-speed data between chips using copper.

The physics fail at that bandwidth. Optical transceivers are not optional, they are required by the laws of physics.

$AAOI manufactures the laser components that make it work.

> $124M in 800G transceiver orders from a single hyperscaler.

> 2026 guidance at $1B+. Rosenblatt raised to $220.

> Stock at $191 today from a $90 entry.

He said: “I should have listened.”

He had the same information I had.

The difference was the framework.

I’m still LONG.

The photonics bottleneck has not been solved. It is still playing out.

-BP

Not financial advice. Your money, your decision.

$308 million in integrated memory revenue. First half of fiscal 2026.

Same window, a year ago: $201 million.
$PENG didn’t just grow a segment.

It rotated the ENTIRE business.

The market has been pricing this as a hardware integrator in managed decline and the top-line supports that read.

Revenue down 6% year-on-year last quarter.

Advanced Computing collapsed 42%. Hyperscale hardware, exited.

That framing is not wrong. It’s just looking at the half of the business that’s shrinking.

The other half is a DIFFERENT picture.

> Integrated memory: $308 million in H1 FY2026, up 53% year-on-year.

> Per the Q2 FY2026 8-K filed April 1: that segment now represents 45% of total company revenue.

The market has been pricing the decline.

The data from this week describes something else.

In March, at $NVDA GTC, Penguin launched the MemoryAI KV Cache server.
Per the Q2 earnings transcript: the first production-ready CXL-based KV cache server commercially available.

11 TB of memory per node. 10x faster than NVMe-based caching.

A Tier 1 financial institution has already deployed it.

CXL competitors; SK Hynix, Astera Labs have demonstrated components.

Penguin shipped a turnkey system.

That is not the same category.

Tuesday this week, Penguin disclosed AI-driven revenue now exceeds 60% of total first-half sales.

Up from roughly 40% a year prior.

Full-year guidance raised to 12% growth at the midpoint.

Non-GAAP EPS to $2.15.

Per the 8-K: $489 million in cash and short-term investments.

No major debt maturities until 2029.

Most people are still looking at $PENG and seeing a declining systems integrator navigating a messy transition.

But when you look at 53% integrated memory growth, a first-mover CXL inference product with a live Tier 1 deployment, and AI revenue crossing 60% of the business…

It’s interesting how those three things point at the same thing.

The data is starting to describe a different kind of company.

When more of the inference deployment cycle comes into view, I’ll post it here.

-BP

Not financial advice. Do your own due diligence.

⚡️JUST IN: Now H.C. Wainwright just reiterated Buy on $ONDS.

Price target: $25.00

That’s 2 analyst Buy reiterations on $ONDS in a single day.

Needham at $23. H.C. Wainwright at $25.

Both saying the same thing.

The stock is at $10.

The market hasn’t figured this out yet.

You have.

-BP

Note: This is NOT financial advice.

Black Panther Capital: ⚡️JUST IN: Needham just reiterated their Buy on $ONDS.

Price target: $23.00
Today’s price: $10.91.

That’s not a small gap.

That’s Wall Street telling you this stock is trading at less than half its perceived fair value and they’re not backing down from the call.

The thesis

⚡️JUST IN: Citi just assigned a Buy on $NBIS.

Price target: $287.00

That’s not a reiteration. That’s a fresh call.

And they’re not alone.

→ Northland Securities, Buy, $248
→ Citizens JMP, Buy, raised to $270
→ D.A. Davidson, Buy, raised to $250
→ Bank of America, Buy, raised to $240
→ Citi — Buy — $287 (new)

5 analysts. All Buys. Targets ranging from $240 to $287.

GPU clusters. Cloud. Data centers. All vertical. Infrastructure Europe actually needs.

The smart money is lining up.

The question isn’t whether this moves.

-BP

Note: This is NOT financial advice.

⚡️JUST IN: Needham just reiterated their Buy on $ONDS.

Price target: $23.00
Today’s price: $10.91.

That’s not a small gap.

That’s Wall Street telling you this stock is trading at less than half its perceived fair value and they’re not backing down from the call.

The thesis hasn’t changed.

Needham sees $23. The market is pricing it at $9.

One of those is wrong.

I know which side I’m on.

-BP

Note: This is NOT financial advice.

$ONDS is up 31% today. Here’s my next bet trading at a discount right now:

Most people on X missed $ONDS today.

Not because they didn’t know about it.

Because they SOLD it.

I watched people unload 50% of their position the night before earnings.

Fear of a bad print. Fear of volatility. Fear of being wrong.

And I get it. Protecting capital is wise.

If you genuinely fear the outcome, reducing risk is the right call.

But here’s what I also saw:

The investors who held through horrible $RKLB $NBIS $ONDS $IREN $CIFR chop without flinching?

They all had one thing in common.

They knew exactly what they owned.

They didn’t need the price to tell them if they were right.

They already knew from the filing. From the contract list. From the thesis they built months ago.

That’s the edge nobody talks about.

Not the scanner. Not the chart pattern.

The ability to stay calm when everyone else is making emotional decisions.

That calmness is not personality. It is PREPARATION.

The best investors I’ve met on here have sat through the hardest chops of the past year without panic selling.

Not because they’re fearless.

Because they did the work before the red day came.

Which brings me to my next bet.

I’m long $PENG.

GPU race dominates headlines. Post-purchase deployment does not.

$PENG owns the last mile: full-stack AI infrastructure for enterprises lacking internal teams.

> OriginAI: pre-validated GPU clusters + ICE ClusterWare orchestration, built on 3.3B+ GPU runtime hours.

> 30+ years memory expertise via CXL MemoryAI KV cache server.

> Up to 11TB expandable memory for inference, breaking GPU memory wall.

> End-to-end: hardware, software, memory, deployment, management/turnkey production scaling.

> 8–9 analysts: Strong Buy/Buy > 76%

> FY26 revenue guidance raised to 12% growth.

> Trades 16x forward PE (sector 23x).

> Hyperscaler build-out priced in. Deployment layer underneath is not.

-BP

Not financial advice. Do your own research.

🚨THE BEARS HAVE BEEN WRONG ABOUT THE SAME THING FOR THREE YEARS.

And they’re about to be wrong again.

Morgan Stanley just raised their S&P 500 target to 8,300.

Year-end 2026 target: 8,000.
Twelve-month target: 8,300.

Over 12% upside from current levels around 7,400.

But here’s the line that matters most:

“Our bullish index view is an earnings story, not a multiple expansion one.”

Read that again.

EARNINGS.

> 83.2% of S&P 500 companies beat Q1 estimates.

> Morgan Stanley projects $339 EPS for 2026. That’s 23% growth, followed by $380 in 2027 and $429 in 2028.

A compounding earnings machine. Not a bubble.

Now let me show you what the bears keep getting wrong.

There’s a clip making the rounds right now.

A guy pulls up two charts side by side.

> Left chart: The dot-com era. Price ripping higher. Earnings flatlined. Pure narrative. Pure multiple expansion. Pure speculation.

> Right chart: Right now, 2023-2026. Earnings are LEADING price. AI and semiconductors are driving actual profits. Price is still CATCHING UP to the gray line.

His point? We’re not in a bubble. We’re in the middle of an earnings cycle that hasn’t fully repriced yet.

He’s right.

$MU, $SNDK, SK Hynix and Samsung, 75% of the $DRAM market are proof.

These are companies printing money faster than analysts can revise targets upward.

> The memory supercycle isn’t priced in.

> The AI infrastructure buildout isn’t priced in.

The earnings are real and the multiples are still compressing INTO the growth.

The dot-com bubble was speculation in search of earnings.

This is earnings in search of a price that can catch up.

There’s a massive difference.

So where does the money go?

$SPY and $QQQ as a passive bet + into the infrastructure that’s CAUSING the earnings surge.

Here’s where I’m positioned:

→ $IREN
→ $NBIS
→ $CIFR
→ $AAOI
→ $SIVE
→ $RKLB
→ $OUST
→ $PENG
→ $ONDS
→ $KRKNF

Every single one of these names sits inside the structural AI buildout that’s driving the future earnings Morgan Stanley just upgraded their entire index outlook for.

HERE’S THE MACRO SETUP

Morgan Stanley explicitly ties their revised outlook to AI adoption enhancing operating leverage across the S&P 500 and a rolling earnings recovery that continues to progress.

This isn’t a macro call. This is a capital allocation call.

The earnings cycle is real.
The infrastructure buildout is real.
The defense spending acceleration is real.

$QQQ and $SPY tell you the tide is coming in.

The names above tell you which boats rise the most.

The dot-com bubble was price without earnings.

This is earnings without price.

The gray line hasn’t been touched yet.

We’re mid-cycle. Act accordingly.

Still long. Still adding. Still building.

-BP

Please remember: This is not financial advice. Do your own research. I hold positions in many of the names mentioned.

Micro2Macr0: Why this Is NOTHING Like the Dot-Com Bubble!!! 😡

⚡️JUST IN: $ONDS crushed all earnings with a MASSIVE revenue beat!

Waiting for EPS. I expect a double beat here.

Hate to say it. But I told you so.

$10.19 in PM. Up 15%. 🟢

-BP

Black Panther Capital: 👀 $ONDS CLOSING THE DAY IN GREEN?🟢

Earnings BEFORE pre-market tmr.

See you at $10.50 tmr.

-BP

Not financial advice.

Picture: @YoYInvestor

$NVDA x US x China agreement.

My thesis is; this is probably in exchange for Iran peace.

If I expect market to fly, and my strategy will be to take some profit, before a dip.

Lets go $IREN $NBIS $AAOI $OUST $PENG $CIFR $RKLB

-BP

Not financial advice.

0xNobler: 🚨 BREAKING

🇺🇸🇨🇳 U.S. JUST APPROVED CHINESE COMPANIES TO BUY NVIDIA CHIPS!

INSIDERS REPORT THEY WILL OFFICIALLY LIFT ALL EXPORT RESTRICTIONS, AND TRADING BANS.

CHINA ACCOUNTED FOR 25% OF NVIDIA REVENUE BEFORE THE SANCTIONS.

$NVDA STOCK JUST WENT PARABOLIC ONCE AGAIN!!

👀 $ONDS earnings sneak peak.

Fantastic findings from @YoYInvestor.

Sleuth 🔎: $ONDS ‘TWAS THE NIGHT BEFORE EARNINGS…. 🌙🎈👀

World ViewCEO Ryan Hartman just published a strategic article on the company website, just one day before Q1 earnings 🤔

The article discusses SkyWeaver, an edge inference platform being developed on top of $PLTR Artificial