This FOMC meeting is likely to hold rates steady, and how Walsh changes the Fed's pricing framework is the real focal point.

After a 300% return on Cerebras in May, MSX delivered its second "perfect score" on the night of the SpaceX IPO.

Regardless of the earnings data, Oracle cannot avoid one question: can AI cloud orders generate a sufficiently high return on capital?

The capital market is about to welcome a super giant, and for the first time, commercial aerospace has a clear public market pricing anchor.

The market isn't really concerned about a single system update; the real question is whether Apple can embed AI into the world's largest consumer electronics ecosystem.

As AI enters the infrastructure construction phase, these server, network, fiber, and storage companies, once seen as low-growth, are experiencing a «blooming of old trees».Core Thesis: The AI market narrative is shifting from focusing on the scarcity of models and GPUs to a phase of large-scale infrastructure construction. This has led legacy tech stocks like Dell and Nokia, which possess capabilities in system integration, network connectivity, and storage delivery, to be revalued by the market as key participants in AI infrastructure. Their ability to handle complex projects, from chips to deployment for AI data centers, is the driving force.Key Elements:Change in Valuation Logic: Market focus is shifting from AI's "imagination" to orders, revenue, and delivery capabilities, benefiting system integrators like Dell (USD 24.4 billion in AI server orders) and HPE.Prominence of Network Connectivity: As AI clusters scale up, companies like Corning (optical communications revenue up 36% YoY), Nokia (receiving investment from NVIDIA), and Cisco (data center switch orders up over 40%) are being revalued for providing critical connectivity infrastructure like fiber optics and wireless networks.Surge in Storage Demand: AI model training and data archiving create substantial rigid demand for storage. Hard drive manufacturers like Western Digital (revenue up 45% YoY) are seeing a resurgence in value for their high-capacity products, which offer cost advantages in cold data storage scenarios.Verification Standard for Revaluation: Genuine revaluation needs to meet three conditions: clear order and revenue realization, upward revision of full-year performance guidance by management, and sustainable conversion into healthy profit quality, rather than just short-term inventory restocking.Dual Narrative Nature: This revaluation is not market nostalgia or simple hype. Rather, it is a systemic repricing of the value of the infrastructure segment as AI enters its deployment cycle, though it will not be distributed evenly among all "legacy tech stocks."

From US stock tokens and Pre-IPO to global payments, MSX is extending the use cases of digital assets from the investment realm to real-world consumption.

The market's most powerful "pumpers" — one surnamed Trump, the other Huang — are both doubling down on semiconductors and the next major tech narrative.

How to choose among a group of "shadow assets" along the equity, computing power, and enterprise distribution chains?

Beyond the hot AI hardware, computing power, optical communication and data centers, there is one area quietly recovering: software stocks.

Two major outbreaks have recently entered the public eye. While neither has yet posed a systemic global threat, they are sufficient to trigger a reassessment of public health risks.

As long as the application side continues to create demand, the AI infrastructure chain is far from its finale.

In Q1 2026, top institutions haven't given up on AI, but they've stopped buying "the same AI."

But SALP still added to a batch of AI infrastructure bets. In other words, what he gave up on was the illusion that "all AI stocks would rise together."

Pre-IPO is not just about the entry point, but also the exit.