1. AMD's high valuation hinges on capturing a substantial share of the AI GPU market from NVIDIA; 2. Tech giants like Microsoft, Meta, and Google support AMD to counter NVIDIA's dominance, ensuring industry backing; 3. Investors must wait until 2026 for meaningful GPU revenue due to delays in chip production and adoption cycles.

1. Constellation Brands' updated guidance indicates significant sales and earnings shrinkage, reinforcing the author's initial sell recommendation; 2. Despite a lower P/E ratio, high debt and a declining core beer segment make the stock overvalued relative to weakening fundamentals; 3. The recent 6% stock price drop underestimates the 10% business decline, with elevated valuation metrics suggesting further downside risk.

1. Strong earnings growth has driven a significant market rally, with the S&P 500 and Nasdaq rising over 25% and 33% since April 2025 lows; 2. Current valuations (PE, Price to Book, Price to Sales) are near multi-year highs, resembling past bubble periods; 3. The author urges caution due to thin risk-reward ratios and advises preparing exit strategies amid potential valuation compression and momentum shifts.

➀ SpaceX is in talks to sell private shares at a valuation of approximately $350 billion; ➁ The deal would make SpaceX the world's most valuable private company; ➂ SpaceX is a leader in space transportation with its Falcon rockets and has over 5 million Starlink users.

➀ Point2 Technology, a fabless chip company, is aiming for a valuation of over 1 trillion won upon its listing on the Korean bourse Kosdaq in 2026; ➁ The company CEO, Sean Park, has stated that they expect revenues of over 10 billion won in 2025, increasing to 50 billion won and 100 billion won in 2026 and 2027 respectively.