These Two Stocks Are Screaming Opportunity This Week | MSTR, GLW, RDW, CIEN, & AVGO

In this episode of Being Exponential, Luke Lango dives into five stocks sitting at the intersection of some of the market's most powerful trends: Bitcoin, AI infrastructure, optical networking, space technology, and custom silicon.

We begin with MicroStrategy (MSTR) and the evolving Bitcoin investment thesis. As institutional adoption of digital assets accelerates, Luke examines whether MSTR remains the ultimate leveraged Bitcoin play and what it means for crypto investors moving forward.

Next, we break down Corning (GLW) and why fiber optics, connectivity, and AI networking infrastructure are becoming increasingly critical as hyperscalers race to build the next generation of AI data centers.

We also explore Redwire (RDW) and the rapidly expanding space economy. From orbital infrastructure and national security to the future of space-based computing, Luke explains why Redwire remains one of the most compelling pure-play space stocks on the market.

Then we turn to Ciena (CIEN), one of the key enablers of the AI boom. As AI clusters become larger and more complex, networking capacity and optical transport are emerging as critical bottlenecks in the AI infrastructure stack.

Finally, we discuss Broadcom (AVGO), one of the most important companies powering the AI revolution. With leadership in custom AI chips, networking, and data center infrastructure, Broadcom has become a cornerstone of the AI investment story and a major beneficiary of hyperscaler spending.

From Bitcoin and crypto to AI infrastructure, semiconductors, optical networking, and space technology, this episode covers the trends shaping the future of investing.

🎧 Subscribe to Being Exponential with Luke Lango for weekly insights on AI stocks, tech stocks, space investing, crypto, and exponential technologies.

Transcript

SPEAKER_01 0:00

Hello and welcome to Being Exponential. It is June 9th. Let's dive right in. So, uh, Luke, we are going to get started on our stocks of the week. We wanted to start off with MicroStrategy. So a compass a company famously known for leveraging Bitcoin. Also, interestingly enough, Michael Saylor, the owner, sold some Bitcoin. So can you dive into that stock for us?

SPEAKER_00 0:24

Yes, I mean Strategy is the uh the world's first and largest Bitcoin treasury company, right? They use the proceeds from equity and debt financing to strategically accumulate Bitcoin as its primary reserve asset. And what that essentially makes it is the lever play on Bitcoin. Now, obviously, Bitcoin has been in major crash mode, and so MSTR has been absolutely crashing as well. We can kind of look at the chart here. Um, I mean, we've been falling ever since the summer of 2025 when the stock peaked out at 455, now we're down to 115 and we're continuing to fall. This is a stock you want to buy if you think Bitcoin's gonna go up. It's a stock you want to avoid if you think Bitcoin's gonna continue to fall. And I'm in the bear camp there. I think Bitcoin is going to continue to fall. Not because I'm bearish on the blockchain or I'm bearish on Bitcoin uh long term, but just right now we're stuck in this inter-halving dead zone for cryptos, uh, where the cycle of Bitcoin and cryptos, generally speaking, is the year 12 to 16 months, 12 to 18 months before halving, you start to boom. And then you boom until about 12 to 18 months after the halving, and then you kind of have this two-year-ish dead zone in between that boom cycle. So you kind of boom for two-ish years, and then you bust for two-ish years, then you boom for two-ish years, and we're stuck in that inter-halving dead zone. Uh, Bitcoin tried to make a rally, just like MSTR here tried to make a rally off that 120 low up to 195. That's a pretty big rally. But look, we got rejected below the 200 day. 200 days still declining. We re-lost the 15 and 100 days, and now we're making essentially new lows. We did make a low of 106 here back in February. It looks like we're gonna go and test that. But I think this one goes lower. I think we break below 100 on MSTR before all is said and done. Having said that, I do think that a buying opportunity emerges here sometime in late 2025, early 2026. We got to get through the midterms because politics are just kind of very much intertwined in the crypto world, right? Uh, Democrats are not as supportive of the legislation to promote crypto whereas Republicans are. So we got to get through that, the midterms. We got to get out of this inter-halving dead zone. We got to get to 12 to 18 months before the next halving. All of that sort of the Clarity Act has to pass. All of that sort of lines up with late 2025, early 2026 being a reawakening time. That's when we bottom. That's when we get back into a boom cycle, that fifth boom cycle, if you will, because that fifth halving's in uh the spring of 27. So I do think MicroStrategy becomes a you know, buy with two fist opportunity then. But until then, this is one that could go a lot lower. Definitely breaks below 100. Maybe you see 70, 60 prices on MSTR before we hit bottom.

SPEAKER_01 2:59

Okay, Luke, uh, so not to get too far into the weeds with crypto, but we've talked about before about uh retail investors uh getting to betting markets and essentially out of cryptos, and we know institutional investors are heavy into AI. Is there a chance that crypto just never sees the highs that it once did?

SPEAKER_00 3:15

Yeah, I mean it's obvious that you know the hot money is being sucked out of crypto and into prediction markets, into AI, and all that stuff. It's definitely happening. Um, people are making the joke that all this money is leaving Bitcoin to be SpaceX, uh uh exit liquidity, you know, IPO exit liquidity. Um, and so I get that, and that's definitely what's happening. But I don't think that means that Bitcoin is permanently dead because AI, as much as a bullish on, it's not gonna last forever. Uh, these IPOs aren't going to last forever. But I do think it kind of supports a thesis that we have to wait a little bit until we bought them, right? Because if indeed you are getting people selling cryptos to get exposure to these IPOs, which I do think is happening, right? If you're a big manager and you have some crypto allocation, well, you're gonna sell that stuff down because it's not working right now to buy SpaceX, to buy OpenAI, to buy anthropic. So we got to get through all three of those IPOs, not just the first one. We just got the open AI filing, we got the anthropic filing. Those don't land, those IPOs probably won't happen to the fourth quarter. So again, all this thinks towards a bottom, late 20, late 26, early uh 27. Um, sorry, the the having spring of 28, it's the spring of 27. I was incorrect on that. I don't know, I was a year off. Um, but yeah, so late 26, early 27 is when you'll probably get that bottoming. All of just the indicators I'm looking at suggest a sponge.

SPEAKER_01 4:35

Gotcha. All right. Uh so moving on, uh, we want to talk about uh corning next. That's ticker symbol GLW.

SPEAKER_00 4:42

Yeah, so I I really like corning. I mean, the bull fees here is pretty simple. I mean, I'm obviously really bullish on the infrastructure AI infrastructure build out continuing uh with a lot of momentum. Um, every blackwell GPU cluster it needs fiber, it needs a lot of it, the connective the connectivity tissue for these data centers. Nvidia's 72 GPU Blackwell nodes, they require 16 times more fiber than traditional cloud switch racks. Corning is the dominant supplier of those switch racks. Its optical communications uh business is absolutely on fire. The enterprise optical portion of that is absolutely on fire. Hyperscale data center sales are absolutely on fire. Uh, it's just selling a lot of fiber into these data centers, and they keep winning big deals. They got a six billion deal with Meta uh for optical fiber serving its US data centers. Uh, I think Nvidia is out of them as a partner. I think Amazon just had a big uh multi-year, multi um, multi-billion dollar partnership with corning. So I think the fundamentals here are really, really, I mean, like exceptionally bullish. Uh, they just had an earnings report that was also very strong. Uh in my opinion, it was it was very strong. Uh the Amazon deal is is brand new, so that also is is very, very strong. So I just think everything is going really, really well for corning. And when you look at the actual stock, we kind of pull up the uh the numbers on it. Um, so long as this infrastructure build-out persists, I believe corning's current growth rate should persist because we are going from generative AI to agentic AI, which means you're going from training to inferencing, which means we need more connectivity. That's kind of like the bottleneck now. Um, optics, networking, all that stuff is the bottleneck. So we got a company that's going to grow 21% this year. You see estimates 18, 23, 16, 16. I think this is basically a 20% top line grower compounded for the next, you know, four to five years, pretty much as long as this boom persists. It's a 40% gross margin business that are pretty stable, going up a little bit. EBITDA margins will expand with economies to scale from about 25 right now to 30 plus over time. So that creates a foundation for really, you know, 30 to 40% compounded EBITDA growth at this company. That that's a big time grower, like a really, really big time grower. If you look at the valuation for that, you know, we're talking 30 to 40 percent EBITDA compounded growth. The multiple on this, pulling up right now for GLW or on MSCR. Excuse the why if I'm obviously not at a my normal location at a cabin right now. So relying on Starlink. Uh EV EBITDA is 26 times. Okay, so we're paying 26 times forward EBITDA, which yes, historically speaking is expensive, but 26 times forward EBITDA for a 30 to 40 percent compounded grower is a pretty good, it's a pretty attractive setup. I really like that setup quite a bit. And you look at the stock chart, and the stock has kind of been seesawing around all-time highs. I think the uh, you know, it has a big rally and then a big drop, big rally, and then a big drop. I think right now is a pretty attractive opportunity. Like that 50-day moving average has been the support line uh all year long. The 100 days been the support going back to the summer of last year. So we either bought them right around here, that kind of 170 level, or we may have to fall back to that 150 level. But I think 150 to 170, that that's an accumulation zone. I think you want to be buying corning GLW at these levels.

SPEAKER_01 7:59

Excellent. Okay, uh, next up, uh, we want to talk about one of the uh pure playways to invest in space, you know, especially with this SpaceX IPO coming up, uh Redwire.

SPEAKER_00 8:08

Yeah, so we've talked about Redwire before on this very specific podcast. Uh it's it's the space stock that hasn't woken up yet. It did wake up a little bit after we talked about it. For both thesis here is obviously we're just super bullish on the space economy, but we are very specifically bullish on orbital compute. Orbital compute, the big uh value add there is energy, right? We need outer space solar panels to uh well, the value add of orbital compute over terrestrial compute is that the energy cost is essentially zero if and only if you have those outer space solar panels, and redwire is the big dog in outer space solar panels. They power the International Space Station with their outer space solar panels. So I think this is a stock that's going to really wake up as SpaceX does IPO, as Elon Musk does get those funds, as he starts to build out orbital data centers, they start to launch data centers into space, and Redwire starts to win a lot of business and a lot of contracts. So I think this is one that is has a really promising long-term fundamental bull case. Now, one of the things we have been saying is you don't want to chase, you don't want to chase. So the stock did go vertical. Well, the reason I wanted to talk about it this week is I think this is the time to buy Redwire stock. I think this is the level where big support shows up. You've identified that $15 level. If you can look here at the chart, you'll really understand why that $15 level as the place to buy. This is essentially it was a series of lows. So you can see the stock went vertical, absolutely vertical, but 15 was a series of lows and also kind of some highs here in the summer of 25. It was basically 14 was the high in January of 26. So 15 is kind of that flip line. It's been the flip line for the stock for over a year now, almost two years. I think we show support at 15 because I think the fundamentals are strengthening in a manner which supports the bull case. And so 15 should be the support level. We told people to, you know, this was a stock to buy when it was down here, had that big move, told people not to chase it, look for a pullback. I think we finally have that pullback here at 15. This seems like a pretty good level to accumulate red wire.

SPEAKER_01 10:06

Excellent. Yeah, I mean, uh the recent sell-off essentially created a sale for a lot of uh strong stocks that we talked about in the past. Um, now next up we have Sienna. It's a ticker symbol, C-I-E-N.

SPEAKER_00 10:18

Yeah, I mean, Sienna, so I will just lump this in with uh Corning. It's another one of these stocks. I mean, to your corning, trading. As even Jensen Wong, CEO of Nvidia, put it a really fabulous buying opportunity and a lot of really long-term winners. Uh, Sienna is one of those, Corning is one of those. So Sienna is it's it's a networking play. Okay. They are all about the connectivity tissue in data centers, but it's not just a data center story. It's a kind of this global network rebuild, right? AI is driving a massive new investment cycle in global network infrastructure following what was essentially years, one could even argue decades, of operator underinvestment during various previous rollouts, whether it was mobile, whether it was telecom, 5G, cloud, all that stuff. So you kind of have this, I would I would call it decades of underinvestment meeting now massive demand growth for networking. And so you're going to need at least years, if not decades, of overbuilding in networking to kind of equilibrize the market to get it back to equilibrium. This is what happened in housing, right? Post 08, we didn't build houses for like 12, 15 years as much as we built houses before. And everyone's like, why is the housing market all messed up? Well, because supply-demand is so imbalanced, and the only way to balance out is to build more homes and really double down on those construction, on the construction of those new homes. So that's what's going on in networking and optics. And Sienna is just a big time winner there. The stock has had some pressure because of of some of an earnings report that the market didn't think was that good, but it was a really good earnings report. And I think this is a stock that you do want to buy on weakness. And I think, again, the reason I'm bringing up this because this looks like a really attractive time to be buying that stock. I mean, look at this one. This is clearly an AI infrastructure winner. Very nice uptrend. One might look at this chart and say, oh, uptrend is breaking, but the 100-day moving average should be the big support line. That's 42416. We're at 424, we're right there. RSI is 33, we're getting super oversold, or we're getting too oversold territory. So we get one more, you know, lower day on this. We're at RSI 29.28. We're at 416, 415. That's bounce time. So I think this is a good time to be buying Sienna stock. When you look at the numbers on it too, I think the numbers are super attractive. You got Sienna as a pulling up the numbers right now. You got Sienna as it's a 30% grower right now. Again, kind of like that corning logic. I think that the underinvestment is so was so radical and the over demand is so radical right now. That 30% growth rate can persist. I know it does fade a little bit here, but I think we stay at 30% compounded top line for a while. 45% stable gross market business, even if the margins go from 20% to 30% because economies of scale. This is a 40 to 50% EBITDAC compounded grower. That's fantastic growth. And then same thing with corning. We had 26 times for about 30 to 40%. Over here, we got 34 times for about maybe 40 to 50%. So that also is a very attractive on EV EBITDAC, by the way, not on uh PE. That is a very attractive multiple to me. So I like the setup on Sienna stock as much as I like the setup on Corning stock right now. I think those are great AI stocks to be buying on this dip.

SPEAKER_01 13:26

Excellent. All right, so we're gonna round it off with uh arguably the second most AI infrastructure uh company uh Broadcom, which was kind of the tip of the spear for the sell-off. Its earnings report was great, but I guess not great enough. So can you uh uh dive into that talk a little bit more, Luke?

SPEAKER_00 13:44

Yeah, so Broadcom to me, yeah, I mean you could say it was maybe what started the sell-off a little bit, but I really, really, really, really, really like this dip in Broadcom. So if you kind of talk about that earnings report, um, yeah, the stock dropped and the AI revenue guy for next quarter was a tad weaker than expected. But I mean, I just think that's nitpicking the unnecessary. The underlying AI fundamental story in Broadcom or at Broadcom remains stellar. Uh, total revenue in the quarter, I'm pulling up the numbers right now. Total revenue in the quarter surged 48% year over year to a record $22.2 billion. Semiconductor revenue jumped 79% to $15 billion. AI semiconductor revenue exploded 143% to a record $10.8 billion. So 48% top line, 79% semiconductor, 143% AI semiconductor, all three at records. AI bookings in the quarter, more than $30 billion. That's nearly three times what Broadcom shipped in the quarter. That is not what a demand rollover looks like. A demand rollover is not 50% top line growth with 80% your semi-business and 142% your AI semi-business, with bookings triple what you shipped and bookings at over $30 billion. That is what a demand tsunami, not a demand rollover, looks like. They maintained, you know, this 2026 uh AI semiconductor revenue outlook, $56 billion. Reiterated 2027, AI semiconductor revenue could exceed or should exceed $100 billion. So all of that to me says this growth narrative is very much intact, and any weakness in the stock is purely technical. Okay, so then when you look at the chart, right? I mean, it's just technical weakness. We have a big rally that turned into a sell-off, and now we're at major technical support levels. Uh, 200 day moving average at 356, 100 moving average at 364. This is this is bottoming time, right? I mean, previous major bottoms were put in if you kind of zoom out a little bit too. Um, get that 200 day to load, they were put in either at or just below the 200-day moving average here at the 200 day, just below, just below. And I think now we're gonna bottom either just above, right at, or just below. So we're at 370 right now, 200 days, 355. Maybe we get to 340, but this 340 to 370 zone, kind of like Sienna, kind of like corning. In fact, just like Sienna, just like corning, this is accumulation time for Broadcom. And I think this is when you want to be buying at these levels.

SPEAKER_01 16:19

Excellent. Um, so uh that that wraps it up for the stocks of the week. Any uh final notes um, you know, that you want to share for our viewers, uh, especially given the uh the case of the market this week.

SPEAKER_00 16:30

Yeah, I mean, we'll talk about it more in our long our macro podcast uh later this week. But yeah, I mean it's just that there's been a selling pressure, it's not fundamental, it's technical. Uh there's just worries about the SpaceX IPO being a top, and there's worries about Jensen Wong pumping up stocks, and there's worries about and there's just a lot of like over-euphoria worries, right? Like everyone's too euphoric, but the fundamentals do actually support euphoria. Like we are seeing bullish fundamental announcement after bullish fundamental announcement after bullish fundamental announcement. We're seeing the numbers go up, we're seeing uh margins expand, we're seeing excellent profit growth. So the fundamentals are actually so strong here, and then things in the Middle East are kind of coming down as well. So I fundamentally view that or believe that this sell-off is a tactical buying opportunity, and that's why I wanted to highlight the stocks that we highlighted this week. Redwire, it got away from us, now it's come back, this is a great time to buy. Sienna got away from us, now it's come back, this is a great time to buy. Coin got away from us, came back, this is a great time to buy. Broadcom got away from us, came back, this is a great time to buy. That's why I wanted to highlight those four. And then I wanted to throw in MicroStrategy or strategy in there because I I don't think Coin is bouncing. I think that you will get a bounce in AI, you won't get a bounce in Bitcoin. Understand the difference, own AI, don't know, don't own crypto right now, or at least don't buy crypto right now. Wait for that late 26, early 27 reawakening, and then get aggressive there. Because I think we get some big rally, a big rally there in 27th community.

SPEAKER_01 17:46

Excellent. Appreciate the insight, Luke. Feels like a fire sale. Uh stay tuned for our Thursday episode. Uh take care.