4 Buy The Dip AI Stock Opportunities

In this episode of Being Exponential, Luke Lango breaks down five companies at the center of the biggest investment themes driving today's market: AI infrastructure, hyperscale cloud, digital power, enterprise AI, and the future of semiconductors.

We begin with SpaceX (SPCX) and what its historic IPO means for the future of the space economy, Starlink, satellite communications, AI infrastructure, and orbital compute. Is SpaceX becoming more than a space company—and could it evolve into one of the world's largest AI and telecom platforms?

Next, we examine TeraWulf (WULF) and why AI is creating unprecedented demand for electricity. As hyperscalers race to build new AI data centers, Luke discusses whether nuclear-powered digital infrastructure could become one of the biggest investment opportunities of the decade.

We also dive into Amazon (AMZN) and its expanding AI ecosystem. From AWS and custom AI chips to its partnership with Anthropic and next-generation logistics, Luke explains why Amazon remains one of the most important companies in the global AI race.

Then we turn to Palantir (PLTR), one of the market's strongest AI software leaders. With accelerating commercial adoption, government contracts, and growing demand for enterprise AI, Luke discusses whether Palantir can continue leading the next phase of the AI revolution.

Finally, we break down Micron (MU) and the ongoing AI memory boom. As demand for HBM, DRAM, and AI storage continues to surge, Luke explains why memory has become one of the most critical components of the AI infrastructure buildout—and whether Micron still has room to run.

From AI stocks, semiconductors, data centers, nuclear energy, cloud computing, and space technology to the companies shaping tomorrow's economy, this episode covers the biggest opportunities investors should be watching.

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

Transcript

SPEAKER_01 0:00

Hello and welcome to Being Exponential. We are covering our stocks of the week. Okay, Luke, let's start on uh one of the big names this week, SpaceX with uh SpaceX, which is officially on the NASDAQ.

SPEAKER_00 0:12

Yeah, so I mean SpaceX, obviously, it's the uh most controversial and simultaneously most traded stock in the market right now. Um, Wall Street is, you know, obviously there's a lot of retail investors out there that are going to be stupidly bullish on the name because of Elon Musk. And there's also going to be a lot of retail investors out there that are gonna be stupidly bearish on the name because of Elon Musk. You know, that's that's the two sides of the coin. Um, a lot of people are ridiculing the valuation, but the guys that are, you know, really running the numbers on the name and really projecting out where this company could go over the next five to ten years, they're coming out with broadly bullish and optimistic positive viewpoints on the stock, right? Oppenheimer buy rating, Goldman Sachs buy rating 205 price target, Morgan Stanley buy rating $300 price target. Um, I think most uh companies that are covering this stock on the street have have buy ratings and high price targets. And now, of course, everyone's gonna say, oh yeah, well, they're pumping the stock, you know, classic pump and dump. But I mean, there's more to it than that. Like there really is a lot of growth potential when you're the only vertically integrated AI company in the world that can touch into space, that can go into space. And there's a lot of growth potential there when you combine rocket launch with um the XAI, underlying AI models, with the constant high-quality data feed that is um Twitter or now known as X. And just to kind of look at some of the numbers on this on this bad boy, I mean, now the projections are starting to really fill in here, right? The numbers are really starting to fill in. And so we're looking at 38.7 billion, 18.6 billion in revenues essentially last year. X expected to more than double this year to 38.7 billion, and then you're getting him doubling almost again in 2027 estimate to 74.2 billion, and then almost another double again in 2028 to 135 billion, 60% growth after that, 53% after that. Long story short, and let's look at this 2030. How many estimates are there out in 2030? There are 21 estimates out there. So there are 21 Wall Street firms that have 2030 estimates penciled in for SpaceX, and those 21 firms are centered around $330 billion, which means the growth ramp here is projected from $18 billion to $330 billion on the top line over the next five years. That is ludicrous growth, and that really isn't that obscene of a valuation if you do believe that we're looking at $330 in 2030, right? Because you put a 10x multiple on that. I mean, a high growth stock can easily trade at 10x revenues, and that's a $3 trillion plus company, $2 trillion valuation right now. So if these growth projections are legitimate, then there is reason to believe in the stock here at $150. I think if we pop to $250, the math doesn't work out as nicely. But at $150, you know, that's kind of the opening price, or right around the opening price. I do like the stock here. There's a lot of Wall Street backing. There are some lockup things to worry about starting in August, uh, lockup expirations. But ultimately, I think the fundamentals do support the stock here at $150. I like it at these levels.

SPEAKER_01 3:25

Excellent. So uh let's bring it back down to earth. Next company we want to talk about is TerraWolf. They just inked a deal for 20 years with Anthropic. Uh, can you just uh fill us in on Terra Wolf Fluke?

SPEAKER_00 3:36

Yeah, right. So Terwolf just signed that massive 20-year uh $19 billion lease with Anthropic for a I believe it was a 401 megawatt AI campus in Kentucky. Uh their CEO called it a validation of the company's pivot from you know, this used to be a crypto miner. They were a Bitcoin miner, right? And like all the Bitcoin miners that weren't finding that to be very good business, they pivoted to AI infrastructure landlord. And this is kind of a real validation of that pivot. Um, and I think the stock is listen, I I I like that pivot uh for all of the miners. Now the question is, which of them do you want to buy? Um, I think that TerraWolf is attractive in terms of its growth, but I don't think it's the most attractive in the space. Having said that, I do think given the recent sell-off that we've seen across the AI complex, this does offer a pretty attractive entry point in TerraWolf itself. Looking at the estimates for it, looking at 89% revenue growth this year, 210% expected 2027. That's kind of when some of these new deals kick in. And you're looking at 72%, 56%, 27%. This is a massive grower from 168 million in revenues over the last 12 months, more or less, to 3.3 billion uh over the next five years. So that's huge growth. Gross margins going from 50% to 70%, high margin business with massively expanding margins as well. And then EBITDA going from running massive EBITDA losses to 36% this year, all the way up into the 60s uh by the end of the decade. So this all of the growth metrics are trending in the right direction for this stock. And when you look at the valuation against that massive a growth pro massive of a growth profile, the stock is pretty attractively valued. I mean, you're looking at as soon as this loads here, um, you're you're looking at a multiple that is 33.6 times EV Ebuton. That that to me is ridiculously cheap for a company that's growing a 100, 150, 200% of the top line with massively expanding Ebiton margins. And you look at the chart, and the chart does screen buying opportunity, right? Like this is a stock that ever since Liberation Day, more or less, which is when this kind of AI rally, a semi-neo-cloud rally, really got started. I mean, it's got started before that, but that was kind of like the next leg higher in that. This is a stock that since then has had, let's pull in, zoom into that, the start of that rally. It has had big pullbacks, but ultimately the big pullbacks always kind of bottom right around the 100-day moving average or just below it. And they tend to be about 30% drawdowns if you kind of look down here, right? Like that November 2025 saw it was a 32% drawdown, and that was right above the 100-day moving average. This December 25, that was another 30% drawdown, that was right below the 100 moving average. Here in March 26, you had a 23%, 24% pull down, bottom right around the 100, right around the 100, right? So now we're 30% lower, right around the 100. Technically, that's consistent with where the bottom should be put in for TerraWolf. So I don't really like this one more than like a Nebius or more than like an APLD, but I do really like the entry point here at $20 on TerraWolf.

SPEAKER_01 6:49

Excellent. Okay, uh, let's move on to a fank stock, actually. So Amazon just tapped the debt market for $25 billion. They are doubling down on AI infrastructure in the midst of the sell-off. So could you give us some more insight there, Luke?

SPEAKER_00 7:03

Yeah, I mean, I really so like last week we said, you know, buy the dip in meta. We're like, yeah, it's a boring large cap stock. We don't really like to talk about boring large cap stocks on this podcast. But we were like, you know what, it's definitely time to buy the dip on Meta. Well, now I think it's definitely time to buy the dip on Amazon. And I think the big news catalyst there is last week Amazon successfully launched 29 more Leo satellites, bringing its total deployed uh to LEO to 396, which puts the company on track to begin service uh later this year. That confirms that the, I mean, it's bullish for space as it confirms that the LEO broadband race is moving from concept to commercial deployment. And that that's just super bullish. The space economy's demand curve is broadening beyond SpaceX. It's going vertical, it's becoming a big thing. The big bottleneck there is no longer is there demand, but rather who can launch, who can build, who can power, who can connect, who can operate the networks fast enough. Now, SpaceX still has a massive lead there, but Amazon is really starting to play catch up. And I think there is potential for Amazon to make some noise here. Not to mention that whole growth vertical is being completely ignored by the stock, right? I mean, the the core growth engines here, whether we're talking about you know Amazon Web Services or the retail business or selling services to retailers, that growth businesses or those growth engines are all doing pretty well. We're looking at a company that look at these estimates, we're looking at 15% revenue growth. We expected this year, 13% 27%, 11% 28%, 13% 29, uh, 12% 2030. This is a low double digit uh to mid-teens revenue grower, steady, compounded, margins, pretty steady, gross margins steady around 50%, even with the margin scaling from the from the mid-20s all the way up to the mid-30s because of the AWS growth. This one looks really, really, really strong from a growth profile perspective. And if you look at the valuation against that growth profile, it's just too cheap to ignore, kind of like Meta, right? Meta was trading at a really, really low valuation. Well, look at this. We're at 22 times, 22.6 times forward earnings. It's essentially a five-year low. We're at 11 times forward. You would thought that is also essentially a five-year low. We're at, let's look at revenues, three times forward revenues. That's not a five-year low, but that's because the profitability profile is improving so massively that you are seeing pretty much, you know, multi-year low EBITDA and P multiples, but not multi-year low revenue multiples. You want to see that. You want to see a company that is growing the bottom line faster than the top line. So when you look, when you have a stock that is this big, has this big of a moat, this long of a tracker to success, trading at 11 times forward, EBITDA, and growing, you know, at 15, 13, 11% of the top line with expanding EBITDA margins. I think you you gotta get bullish. I mean, this is one of those BTT moments in a very, very, very, very good stock, a long-term compounder. And you look at the chart and it's bouncing right below its 200 day moving average, bounced, nice V-turn bounce on that, coming higher here. It has shown a lot of relative strength against the rest of the market recently. I like the last week I liked the buy the dip set up on Meta. This week I like the buy the dip set up on Amazon.

SPEAKER_01 10:18

All right, so uh let's move on to the next stock here. So Palantir is a company that may have got gotten caught up in that SASPOC list, Sasmageddon, because it is a software first company, and since the top of the year, they've dropped about 26, 27 percent. So, is this another buy the dip opportunity in Palantir?

SPEAKER_00 10:36

Well, I think we addressed some of this on the uh the question episode that we had last week. People were asking what's the buy zone for Palantir? And my thing is it's got to retake 150 and preferably 160. And that's exactly where we are. If we look at the chart here, we are trapped below a declining 200-day moving average, which is the worst technical pattern you can see in a growth stock. And until we break that pattern, then I don't want to get bullish on it. But having said that, we are, I mean, this is a pretty big bounce right here from what we were just above 100 to 134 now. That that's a pretty big bounce. We had an oversold RSI bounce. We are retaking the 50-day moving average. Now, it could be a head fake like this, which is why you don't want to get super constructive on it until it retakes a 200, or a head fake like this. Again, you don't want to get constructive on it until it retakes a 200. But if it does retake to 200, I think you want to get bullish quickly on this name because this is a company that is still growing super, super quickly. I mean, the growth profile here is absolutely stunning. 73% revenue growth expected this year, 46, 44, 52, 49. This is a 50% compounded top line grower with 87, 86 gross margins. EBITDA margins going from the high 50s to the mid 60s. So we're looking at maybe 70, 80% compounded EBITDA growth. And the knock on Palantir was always the valuation. Well, that knock no longer holds much water because it's now trading at just, I say this in quotes, just 75.5 times forward earnings, 56.5 times forward EBITDA. But 56 and a half times forward EBITDA for what could be a 70 to 80% compounded EBITDA grower, that is an attractive profile. So this is a name that you have to stay bearish on it so long as it's stuck below that declining 200 day moving average. But once we retake that, if we do retake that, you want to, I think you want to put some money to work in this name on a retake of the 200-day, absolutely. Excellent.

SPEAKER_01 12:32

Okay. Pretty uh recurring motif that we have here this week. And now I want to move on to the last stock. So let's talk about Micron. It is down 22% from its highs. And the Bears are saying this could be the top of the memory or chip market. Now, from what we say week to week, I don't think that's the case. So I wanted to get your opinion on that, Luke.

SPEAKER_00 12:53

Yeah, I mean, the reason I want to flag this one this week is because Samsung, who's a big player in the memory market, just reported uh preliminary Q2 numbers and they were absolutely fantastic, right? Operating profit at 89.4 trillion won, which is just shy of 60 billion dollars. That's up roughly 19 times year over year. Let me say that again, up roughly 19 times year over year, the largest single quarter operating profit that any tech company has ever reported. That means, yes, bigger operating profit than NVIDIA, bigger operating profit than Apple, bigger operating profit than anybody else out there. And that was driven almost entirely by AI memory and HPM pricing. So there's nothing in the numbers right now to suggest that we have reached the peak of the cycle. The reason that these stocks are still acting weak is because even though there's nothing in the numbers that Samsung reported, at least, to suggest that we are at the top of the cycle, there was also nothing in the numbers to suggest that the top isn't coming anytime soon, right? The fear is not what is the current state of the AI market of the AI memory market. We know what it is. It's it's red, red, red, red hot. The fear is what is the state of the AI memory market going to look like in six to 12 months because now Samsung and SK and all of these companies are building a lot more supply. And that is typically worrisome in previous cycles because you get the demand curve going exponential, and then they wait a few years, and then they build a bunch more supply, and the demand curve flattens out, and you have a bunch of supply against a flattening demand curve, and then all of a sudden everything that drove these stocks higher is working in the opposite direction. So that's that's the concern is that now there's now there's more supply coming online, but we are kind of murky on what the 2027-2028 demand outlook is is going to be. But I think those questions get resolved in about three weeks when the hyperscalers start reporting earnings. Because those are the buyers of the chips, those are the buyers of the memory, those are the top of the frontal demand for this entire story. If they reaffirm or even hike their 2026 CapEx plans and then provide some bullish commentary, bullish color on 2027, 2028, kind of directionally where AI CapEx plans are going, if those are going higher, then that reasserts that the market can handle this excess demand that's coming on in the memory space. And the recent choppiness in these stocks is just a buying opportunity. And Micron, as many people know, is my favorite name in the bunch. If you look at the chart, I think we're getting a pretty attractive entry point here because at the max drawdown thing load there you go, max drawdown. So this is a stock that obviously really got away from people. But the whole memory bull market, I want to say, let's say it started, you know, back around Liberation Day of last year. Well, since it did start around liberation day of last year, this is a stock that has gone through a few roughly 20% pullbacks, but it tends to, this is not reloading down here. I'm sorry about that. But anyways, we can look at the most recent ones, it tends to bottom right around that 20% pullback range, right? That November 2025 scare, that was a 20.5% drawdown, and that's where we bottomed. Liberation Day, that was a 30% drawdown, and that's where we bottomed. June, just a month ago, is a 19.96% drawdown, 20% drawdown, and that's where we bottomed. Now we're at 22.6. So we're kind of getting that 20 to 30 drawdown range. This is typically where this stock bottoms, and so I think it's gonna bottom pretty soon. We got the 50 day moving average here coming up at 870. We're at 940 right now. Um, we're holding the lows from June, you know, that 860 level. We got highs right here around 800. There's a lot of support for this stock between 800 and 900. And so I think I think this one does dip below 900, but I think in that range, you really want to be a pretty aggressive buyer of Micron because the cycle is robust, and we're gonna get um, I think a very strong reminder of that, a very strong confirmation of the bull thesis in three weeks when the hyperscalers report earnings and they reaffirm. And I actually expect them to hike 2026 CapEx plans and then provide bullish commentary and color on 2027-2028 plans, and that's going to send this stock through the roof and we're gonna break back above 1200. So I like the setup on Micron here.

SPEAKER_01 17:27

Excellent. Okay, that's it for the stocks for the week. I mean, uh the the general case here is we're we're looking at buy the dip opportunities on the whole, and we're essentially waiting for good news to get into uh more stocks. But would you say that's the case?

SPEAKER_00 17:43

Yeah, I mean, the market's the market's nervous, right? The market, I would just say the AI market's nervous because I think the rest of the market is there's a broadening going on, and that's healthy and that's good and well. But um, this has been a one-sided market. We just came off, you know, the best first half essentially ever for semiconductor stocks. Um, and now we're getting some choppiness to start the second half of the year. I think that that's totally normal. It's totally fine. You had some year or some quarter end and half end rebalancing, fund rebalancing, uh, and in the end of June. And now here in July, people are kind of wondering how long, how much longer can this last? Is you know the start of the second half, the start of a new era, a new epoch of investing, if you will, that doesn't involve semis leading. But I think it all all these questions get resolved again in about three weeks when the hyperscalers report, because the big bull thesis has always been the biggest companies, most powerful companies, the deepest pockets in the world are pouring all of their money and then some into one corner of the economy. So get invested in that one corner of the economy. I think we're gonna get re-affirmation, reconfirmation of that four ideology in three weeks when they report and say, Yeah, we're still emptying our coffers into that one corner of the economy, and this whole trade is gonna weigh back up. So I think you know, volatility is a feature, not a bug of tech bull markets. Got to take the good with the bad, gotta roll with the punches here, and I think everything's gonna be all right come end of July.

SPEAKER_01 19:12

Right on. Yeah, I mean, historically, the silver lining here is if a market starts off great at the beginning of the year, it's going to end great. So let's look forward to a great ending. Uh, we're gonna cover the broader AI symbol from the next episode, so please stay tuned. That's it for this episode. Take care.