Editor’s Note: Jeff Brown and Marc Chaikin, two investment legends who picked Nvidia 10 years ago, are predicting that by the end of this month, Elon Musk’s new AI breakthrough will collide with a strange market pattern with a flawless 100% track record of massive market gains. Click here to see the details or read more below because the last time this happened everyday folks had a chance to turn $10,000 into as much as $350,000 in just about 12 months.

Dear Reader,

Take a look at Elon Musk’s new patent below…

Because it protects a new invention that could rewrite the future of wealth forever.

I’m talking about a radical new form of AI I call “M.A.G.I.”

One so revolutionary that Elon called it an “infinite money glitch.”

Click here to see the details because he believes this is a once-in-a-generation opportunity to create wealth on a scale most people can’t even comprehend.

What’s the upside potential here?

I know this is going to sound crazy…

But Elon is projecting growth of over 7,000,000%.

Let that sink in.

That’s enough to turn $100 into more than $7 million.

This sounds absolutely insane.

But then again… everything Elon has ever done sounded insane at first.

Self-driving cars.

Reusable rockets that land themselves.

Brain chips that let paralyzed people control computers with their minds.

Crazy ideas.

But he turned them into trillion-dollar realities.

So here’s the real question…

Will you watch Elon build another empire from the sidelines…

Or will you finally position yourself to potentially become one of the winners in his next trillion-dollar revolution?

Click here to get the details because I believe Elon will flip the switch on this new invention by the end of this month.

We have so much to look forward to,

Jeff Brown
Founder & CEO, Brownstone Research

AMD and Cerebras Create A New Blueprint For Hardware

Author: Jeffrey Neal Johnson. First Published: 7/24/2026.

Artificial intelligence (AI) infrastructure is hitting a physical wall. As large language models grow exponentially, the legacy approach of throwing large, monolithic graphics processing units at the problem breaks down during the inference phase.

By physically separating prompt processing from token generation, Advanced Micro Devices (NASDAQ: AMD) and Cerebras Systems (NASDAQ: CBRS) have engineered a structural bypass for legacy computing bottlenecks. This heterogeneous architecture delivers exceptional efficiency in ultra-low-latency environments, immediately positioning both hardware developers to pursue the premium enterprise inference market.

Cracking Compute: Why Monolithic Chips Stumble

Understanding how AI models generate text or code reveals why this partnership matters. Inference involves two very different workloads. First, the system must process the prompt and context window, which requires high computational throughput to digest thousands of words in real time. Second, the system generates the response token by token, a process that demands ultra-low latency and immense memory bandwidth.

Monolithic chips attempt to handle both tasks simultaneously, creating a bottleneck in which the processor wastes time waiting for memory to catch up. The technical combination unveiled at the Advancing AI 2026 event is designed to address this bottleneck.

AMD brings its Helios rack-scale systems to manage high-throughput prompt processing. Cerebras Systems integrates its Wafer-Scale Engine to handle rapid-fire token generation. Operating as a single disaggregated workflow, the two distinct computing engines handle the specific tasks they were designed to execute.

Expanding the Moat: How Hardware Efficiency Builds Margins

From a fundamental valuation perspective, hardware efficiency can translate directly into pricing power. Data center operators are currently constrained by power availability and cooling capacity, making energy efficiency one of the most critical metrics in cloud computing. The joint solution aims to achieve a fivefold increase in tokens per second per watt compared with standalone hardware.

AMD expects the Helios platform to deliver 30% more inference tokens per dollar than legacy monolithic racks. When cloud service providers can generate more output using the same energy footprint, their operating margins expand. That structural total-cost-of-ownership advantage provides both hardware manufacturers with a formidable economic moat as hyperscalers look to optimize capital expenditures.

Capturing the High-Rent District: Premium Latency Markets

High-volume workloads such as batch processing prioritize total token generation, but the next frontier of artificial intelligence demands instant reaction times. Applications such as autonomous agents, real-time customer service copilots and high-frequency coding assistants require ultra-low latency. If a cybersecurity protocol takes even two seconds to generate an inference response, the breach may already have occurred.

This latency-sensitive segment represents the highest-margin opportunity in the sector, and tier-one enterprise adoption is already accelerating. Cerebras Systems recently partnered with CrowdStrike to integrate wafer-scale inference into the Falcon AIDR platform, validating demand for real-time security processing. Concurrently, Microsoft Azure plans to deploy the Helios system across its data centers in the second half of 2026, offering broad distribution channels for the new architecture.

AMD also executed a notable capital-allocation maneuver by securing a $5 billion equity stake in Anthropic. Rather than simply investing cash for a financial return, the agreement locks in commitments to core graphics processing unit capacity for 2027. Securing captive demand from one of the leading foundational model developers derisks forward revenue projections and supports high utilization rates for the new disaggregated infrastructure.

Scaling Through the Noise

Despite these structural tailwinds, retail market sentiment often misprices short-term volatility. Shares of Cerebras Systems recently fell about 10% intraday to around $194, well below their post-IPO peak. First-quarter earnings revealed a net loss of 4 cents per share, which beat consensus estimates, alongside strong core revenue of $191.3 million. Management warned of a 10-to-15-percentage-point decline in cloud and service margins in the near term.

Analysts recognize that not all margin compression is created equal. Cerebras Systems is currently renting external, third-party compute capacity to fulfill a rapidly growing tier-one enterprise backlog. This temporary capital expenditure is a direct byproduct of demand outpacing current deployment capacity. Sacrificing near-term margins to secure dominant market share is a classic infrastructure growth playbook, not necessarily a signal of structural pricing weakness.

The accompanying bearish optics of insider selling require similar context. Liquidations by the chief operating officer and chief accounting officer occurred precisely as the May 2026 IPO lock-up period expired and during standard quarterly 10b5-1 programmatic selling windows.

Executive diversification following a major liquidity event is a routine corporate mechanism that is separate from underlying business conviction. Active securities litigation regarding post-IPO volatility represents standard plaintiff posturing and poses a limited threat to the underlying technology moat.

Completing the Build: Why Disaggregated Compute Wins

AMD presents a different fundamental profile, trading near $531 after an impressive 146% year-to-date run. While the valuation is steep, with a forward price-to-earnings ratio of 83.94, the underlying growth narrative supports the premium. First-quarter earnings per share reached $1.37, driven by 37.8% year-over-year revenue growth. Management has established a firm floor under AMD through an active $6 billion share buyback program initiated in May 2025.

The transition toward heterogeneous, specialized compute clusters is no longer a theoretical roadmap. The architecture is actively being deployed across major cloud providers. By separating distinct AI inference workloads into optimized hardware streams, this partnership rewrites the economics of data center scaling. Investors evaluating semiconductor exposure may want to monitor how aggressively hyperscalers adopt this disaggregated hardware approach as enterprise deployments accelerate through the end of 2026.

No one has told you about it or prepared you for it…

But America’s money is being replaced.

A dollar reset on this scale has happened just once before in our 250-year history.

That was back in 1974, with a secret deal struck in a Saudi desert that quietly determined the financial fate of an entire generation of Americans.

It created extraordinary wealth for some, while casting millions more into relative poverty.

Now, 52 years later, it's happening again.

And I’d like to show you how to prepare for it, while there’s still time.

My name is Porter Stansberry.

I'm the founder of one of the largest independent financial research firms in the world. Over the last 30 years we've helped hundreds of thousands of Americans navigate almost every major economic cycle.

We've been on the forefront of every big financial story – from the collapse of Fannie Mae and Freddie Mac to the rise of Bitcoin, the COVID inflation surge, and the artificial intelligence revolution.

But today, I need to expose a story the likes of which we haven't seen in half a century.

And as you'll see, the aftershock of this event could reset not just your personal wealth, but the entire foundation of the U.S. dollar.

How you save, how you invest, how you protect everything you've built… it's all being reshaped by what Fortune calls "the biggest change to the world's relationship with the dollar" in a generation.

Yet almost nobody is prepared for it.

So if you've been watching the chaos of the past year unfold, struggling to make sense of it all – you're about to get the answers you've been searching for.

Everything from the government taking direct equity stakes in tiny mining companies… to Trump's obsession with Greenland… his strange deals with Elon Musk, Jeff Bezos, Sam Altman, and Mark Zuckerberg… the re-opening of shuttered nuclear plants… and a $12 billion stockpile of obscure metals most Americans have never heard of…

It's all deeply and inexorably connected to an inescapable fact no one has prepared you for:

President Trump is replacing the dollar.

His shocking money reset has bypassed all conventional channels – enacted instead through a series of executive orders, bi-lateral deals, and a landmark treaty signed by 13 nations in December 2025 (barely reported in the press) called Pax Silica.

You need to know that the financial decisions you make in the face of Trump's New Dollar could dictate whether you're enriched, or quietly impoverished by the seismic shift already underway.

The stocks to buy. The assets to avoid. And the critical moves our research indicates you should make to ensure you and your family end up on the right side of this once-in-a-generation wealth divide…

It's all laid out here for you in my important new briefing.

Good investing,
Porter Stansberry

3 Photonics Companies Making Quantum Tech Possible

By Nathan Reiff. Publication Date: 7/21/2026.

All of a sudden, photonics seems to be one of the hottest fields among tech enthusiasts. Optical and photonics technology is increasingly important for AI applications that must handle tremendous data throughput beyond the limits of traditional wiring. With photonics, data can travel through fiber-optic networks at far higher speeds than copper allows, with the added benefits of lower latency and greater energy efficiency.

Beyond its current applications, photonics may become even more important in the coming years. Many of the benefits that photonics provides for AI applications also have value for quantum technology. For investors, an alternative to picking up pure-play quantum technology firms like IonQ Inc. (NYSE: IONQ)—even with all the many reasons these companies may appeal to those with a healthy appetite for risk—is to consider companies making photonics tools that could power next-generation quantum technology down the line.

Lumentum's Major Rally May Pose Valuation Concerns, But Revenue Momentum Is Real

Lumentum Holdings Inc. (NASDAQ: LITE) is a photonics technology firm that got off to a strong start to the year and has done a fairly good job of maintaining that momentum. Overall, LITE stock has doubled year to date (YTD), despite trading relatively flat over the last several months.

While the massive rally has not alleviated concerns about Lumentum's valuation—the firm currently trades at nearly 142 times earnings—analysts remain largely optimistic about its prospects. Two-thirds of the 21 analyst ratings for LITE shares are Buys, and Wall Street anticipates more than 32% additional upside.

Lumentum's ability to weather the storm in recent weeks, as AI stocks have taken a hit, is impressive but perhaps not surprising given the company's strong recent performance. In the latest quarter, for example, Lumentum increased revenue by about 90% year over year (YOY) to $808 million. Its non-GAAP operating margin also came in strong at 32.2%. Management expects another record quarter, with no signs of slowing sales momentum.

A Smaller Alternative That Has Room to Grow

With a $4 billion market capitalization, IPG Photonics Corp. (NASDAQ: IPGP) is just a fraction of the size of the $60 billion Lumentum, but investors should not overlook this fast-growing alternative. IPGP shares are up about 37% YTD after the company reported a strong quarter earlier in the year. Q1 2026 revenue was $265 million, a 17% YOY improvement, and bookings increased as well. Adjusted earnings per share (EPS) of 29 cents more than tripled YOY, thanks in large part to strength in IPG's industrial solutions business.

IPG benefits from multiple areas of exposure within the photonics space, with products and services that also serve medical, semiconductor, defense and other applications. This diversification helps make the firm resilient in the face of sector-wide turmoil, though it does not shield IPG from ongoing tariff headwinds.

Nonetheless, a strong balance sheet—including $813 million in cash and short-term investments as of the end of the last quarter—should give IPG the runway needed to continue supporting expansion. That will be vital if the firm hopes to compete with larger players in the years to come. With only nine analyst ratings, IPGP shares are not nearly as well covered as rival LITE. However, two-thirds of analysts view IPGP stock as a Buy, with approximately 40% potential upside.

A Speculative Play With Big Defense Plans

nLight Inc. (NASDAQ: LASR) is comparable in size to IPG, although its 100% YTD return outshines that of its competitor. The company reported 55% YOY revenue growth in the latest quarter. However, sales were more modest in absolute terms, with nLight reporting $80.2 million in revenue for the period. Margins and adjusted EBITDA were also strong, suggesting the company should be able to continue strengthening its balance sheet.

As a pre-profit company, nLight necessarily carries more risk than the other firms on this list.

Still, a massive new contract with the Pentagon should help support the company's defense-focused business for some time to come. Regardless, investors should view this stock as more speculative than the other photonics businesses.

That has not stopped analysts from taking a bullish view. LASR has 11 Buy ratings and a single Sell, while analysts see moderate upside even after its sizable YTD rally.