MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

An analysis by JP Morgan on the winners of open-source vs. closed-source in different scenarios

The conclusion is that regardless of whether open-source weights, closed-source weights win or lose, or if it's a dead heat, large cloud providers and NVIDIA will all win

The logic behind open-source models benefiting cloud providers: The rise of open-source models is dismantling the monopoly of closed-source models, transforming CSPs from mere resellers of tokens into AI operating systems: Cloud providers control routing rights, customer relationships, and pricing power, allowing them to directly host open-source models and sell tokens, thereby reducing external profit-sharing. Meanwhile, open-source competition drives up training investment and call volumes.

This ultimately forms a positive cycle: Model layer rents decrease → Cloud provider monetization efficiency improves → Inference price drops stimulate new demand → High data center utilization drives continuous compute investment

$NVIDIA(NVDA.US)$Alphabet(GOOGL.US)$Amazon(AMZN.US)$Microsoft(MSFT.US)$Palantir Tech(PLTR.US)

$SpaceX(SPCX.US)

🤖 Is SpaceX’s AI Being Valued At Zero?

That’s the big question facing SPCX as it keeps sliding post‑IPO.

⏰ The $100 Inflection Point:

The idea that hitting $100 means SpaceX’s AI business is worth zero comes directly from top Morgan Stanley analyst Adam Jonas.

At that price level, the market would effectively value all AI projects including Grok and the Cursor acquisition at absolutely nothing.

⏰ Why The Doubt?

Investors worry about the massive capital needed for AI infrastructure, especially compared to the proven cash flow from its Space & Starlink operations.

⏰Where It Stands Now:

After peaking at $225.64, shares have fallen sharply to ~$110.85 (well below the $135 IPO price) .

⏰ More Supply Coming:

Coming 6 August brings the first major lock‑up expiry, releasing up to 911.5 million shares. It is effectively doubling current free float and adding more pressure.

Even so, Morgan Stanley stays bullish with a $300 price target, calling current levels an attractive entry point.

They point to recent wins like the 13th Starship test flight and next year’s NASA moon mission as proof execution stays firmly on track.

Is the market overreacting or has the AI hype run too far ahead? 🛰️🤔

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: IDF and Oaktree Invest $1.7 Billion in Bloom Energy AI Power Project - $Nebius(NBIS.US) $Bloom Energy(BE.US)

the bank prints i'm most curious about are $Goldman Sachs(GS.US) and Morgan Stanley (reporting Wednesday), because the investment banking and trading rebound should finally show up in the numbers. dealmaking woke up and market volatility is a trading tailwind. if IB revenue surprises, the capital-markets names have room to run. small position in GS, watching Wednesday for MS to confirm the theme.

$NVIDIA(NVDA.US)Nvidia executives, including CEO Jensen Huang, recently addressed investor concerns at a non-deal roadshow hosted by Morgan Stanley, confirming that growth is accelerating as revenue nears $100 billion. The company firmly denied rumors regarding delays in its Rubin Ultra architecture and emphasized that both Nvidia and cloud providers' self-developed ASICs can coexist and grow together.

Nvidia detailed its diversified growth strategies across three major tracks: AI laboratories, traditional cloud providers, and emerging AI infrastructures, while announcing plans to allocate over 50% of future cash flow to share buybacks and dividends. With a forward P/E ratio of only 18, perhaps this is one of the undervalued stocks that people are passing up to chase after hype.@Captain's Treasure

Speedrun | Upcoming Events This Week - [July 13 - July 17, 2026]

I don't like or dislike $SIVE:

High chance this valuation will be above all odds.✌️

Goldman Sachs confirmed as lead left underwriter for SpaceX IPO. Morgan Stanley co-lead. Prospectus potentially this week.

This is not rumour. Bank appointments at this level don't happen until execution is weeks away, not months.

Valuation range in secondary markets: USD 1.25T to USD 1.75T. At the high end, larger than Saudi Aramco's 2019 listing.

The S-1 will be the most important financial document the IPO market sees this year. Starlink subscriber economics are the number everyone needs to see disclosed for the first time.

21-bank underwriting syndicate already assembled. The scale of the syndicate matches the scale of the deal.

Concept stocks are already moving on this. Watch the aerospace supply chain.

Watch for the S-1 date. 🚀

Oil Brent above $100 looks like mostly geopolitical risk premium. Short term bullish but the trade is getting crowded. Add energy exposure on pullbacks

NVDA moving from chips to the full AI stack is strategically smart long term. But near term it likely pressures margins and execution risk rises

Markets pullback banks and tech selling feels more like macro risk off than broken fundamentals. Start small on dips,add bigger if panic selling deepens

I used to adore Adobe Photoshop and their PDF software. However, after it changed its biz model, I no longer use them. Now with free alternatives and AI tools around, its Photoshop "moat" has been totally filled. I think it's price can only go lower and so dip buying is out for me.

I hope the war will come to an end before oil reserves run out. We are not feeling the impact of oil prices yet in our electricity prices but it won’t be long if the war continues.

Today is Friday. It is always wise to close your trades positions if you trade CFDs. Watch out for next Federal Reserve meeting on 17 March. Market will likely to focus on a series of key US data releases. US Core PCE is due at 8:30pm SGT, followed by the second estimate of US Q4 GDP and US Job Openings (JOLTS) at 10:00pm SGT.

Do not chase energy related stocks. You never know what Fed will do next week.

Markets were already due for a pullback before all the narratives. I am expecting a rebound soon. Stay safe!