The White House Accord on Superintelligence turns six frontier companies’ voluntary pledge into board-level governance via internal controls, external audits and independent oversight, with FTC and SEC enforcement behind public commitments.It opens a market for professional auditors and compliance infrastructure, while open-weight models shift security spending toward cyber defense, compute and electricity; the next 12-18 months may test GPU-access policy.

Shanghao Jin

中美会谈暂缓关税与稀土限制，但台湾、芯片出口分歧仍待谈判。成品油是通胀关键变量：中国每日增100万—200万桶出口，裂解差或降至40；受限则欧洲柴油可能涨50%以上。美国通胀被判断为transitory，短期卖盘或压低市场，AI与半导体中期支撑未变。

David Hunter × Jimmy Connor

David Hunter targets S&P 10,000, NASDAQ 36,000 and roughly 30–40% further upside, with a parabolic final leg if his secular-bull thesis is right.He simultaneously expects unprecedented debt and derivatives leverage to drive a potential 80% global bust, while seeing lower oil and a bond-market bull move as key cycle pivots.The timing remains unresolved: he sees a very good chance of a bust next year, but expects oil to fall and gold and silver to reach 7,000 and 200 before then.

Logan Jastremski × P Equity Research

AI infrastructure is constrained less by GPUs alone than by a shifting stack of memory, advanced packaging, power, construction, and networking, with memory potentially absorbing roughly half of hyperscaler capex through 2028.Long-term agreements and higher utilization may support a higher earnings floor, but cannot repeal cyclicality if ROI and free cash flow disappoint.Watch ABF, optics, and China’s potential 20-25% global memory share.

Andrew Walker × Steve Gorelik

DNOW’s MRC Global merger creates a full-chain distributor with $75M targeted synergies and water, utilities, and data-center exposure.Buybacks at $10–12 and debt paydown support a cash-flow case, while the conservative-looking 2027 $350M EBITDA guide compares with roughly $400M on 2024 numbers.Reaching $30–32 by 2028–2029 from $16 depends on $300M 2027 FCF and re-rating, leaving ERP execution, macro recovery, and multiple expansion to monitor.

Patrick O'Shaughnessy × Matthew Smith

Matthew Smith’s model points to US natural-gas storage falling below all historical levels by 2029 as contracted LNG and AI compute outstrip deliverability, with electricity prices bearing the impact in 2028-2030.The market remains priced near $3.50-3.60, while Expand Energy and Range offer leverage to a potential physical-gas scramble; processing, pipelines, nuclear timelines, and consumer costs remain key risks.

Harry Stebbings × KR Sridhar

AI factories make electricity the binding input, and KR Sridhar frames Bloom Energy’s opportunity against a $5.5 trillion power market versus $2 billion of revenue last year.Oracle’s 50+ MW contract in 90 days and delivery in 55 days support the architecture case, while scaling from 1 GW to over 2 gigawatts by year-end leaves permits, gas supply, and customer buildouts as constraints.

Chamath Palihapitiya × Aaron Cowen × Dan Dreyfus × Oleg Nodelman × Kyle Samani × Jason Calacanis × David Sacks × David Friedberg

MGM’s $48 bid offers a near-term floor while Osaka and possible Dubai legalization create asymmetric upside, whereas Talen monetizes a 2 GW nuclear and 6 GW gas portfolio amid a projected PJM power shortage.Aktis remains a binary 2027 clinical platform wager, and GEODNET links revenue to token purchases; portfolio sizing ultimately turns on liquidity, downside, regulatory intervention, and whether satellites displace terrestrial RTK.

李翔 × 李丰

两轮risk off后，资金重新涌入中美最拥挤的AI与机器人交易，英伟达市值升至5.5万亿美元。美国增长预期约一半建立在大型公司AI Capex持续增加之上，但低成本旧产能、企业FOMO与囤货放大了一季度表现。亚马逊可能已进入Capex超过自由现金流阶段，微软等或于明年一至二季度跟随，而token收入尚未证明商业闭环。

Alex Silver

BWX Technologies combines a contracted, sole-sourced government business representing 75% of revenue with 400+ Navy nuclear cores built without a safety incident and scarce licensing and manufacturing capabilities.ANM’s thesis hinges on 4–5-year time-to-power, a potential mPower-based PWR white space, and more than 100% upside from about $200, but customer interest must de-risk any updated design.