Dear Reader,

Don't buy Nvidia.

Not when the AI companies that will define the next decade are selling for pennies.

You won't find them on any stock exchange.

That's not where they're being funded anymore, and Washington figured that out before most investors did.

The White House appointed David Sacks as the first ever AI and crypto czar.

One person. Both roles.

Then they published a document titled "Winning the Race: America's AI Action Plan."

I worked on Wall Street for years, and I've never seen a bigger opportunity than this.

At the highest level of government, AI and crypto are not two revolutions… they're one.

And that's where most people hit a wall.

OpenAI isn't for sale to you.

Neither is Anthropic.

Sequoia and a16z write the $100 million checks that buy access, and there's no version of this where they let retail in beside them.

But the next generation of AI companies isn't waiting on VCs.

The big funds already know it.

Their focus has shifted to a subsegment they call decentralized AI.

They're launching tokens in the native markets.

This is where coins list months before Coinbase, Kraken, or Robinhood… because raising from millions of investors beats begging a handful of funds.

Take TAO.

It listed in the native markets in May 2023 around $35. Less than a year later it traded above $700.

But TAO is the foundation. The opportunity is what runs on top of it.

What TAO built is called subnets… independent AI companies operating on its network, each with its own token.

One runs among the best weather forecasting models in the world.

Another is a coding assistant.

Another is cloud storage that undercuts the majors.

Many are generating real revenue today.

You can buy into any of them directly, for as little as $50.

My research team lives in these markets.

For two years our research has been independently audited by Conquest Investment Advisory AG, a German firm regulated by BaFin.

The audit covers 571 research calls, 86.34% of which rose more than 20%, with an average return to all-time high of 416.88%*.

Most people still think digital assets are about currency. That narrative died in 2020.

This is the world's first open venture capital market… a teacher in Ohio investing at the same stage as a billionaire in Singapore.

Watch the free training on how to access the native markets (and buy potential AI unicorns before major exchange listings) →

To your wealth,
Tan Gera, CFA©
Decentralized Masters

P.S. Nvidia is worth trillions. TAO was $35 three years ago. The next potential unicorns are sitting in the native markets right now. See how to access them →

*Audited results as of July 20, 2026. Audit conducted by CONQUEST Investment Advisory AG.

Why Hewlett Packard Enterprise’s Sell-Off May Not Last

Reported by Thomas Hughes. First Published: 9/6/2026.

Hewlett Packard Enterprise’s (NYSE: HPE) Q2 results aligned with trends suggesting that the AI boom is not only continuing and expanding but also far larger in size, scope, and durability than the market is giving it credit for.

In this scenario, upside potential remains largely unchecked despite near-term weakness, setting the stage for robust gains in the coming quarters.

The Rumors About Elon’s Next Move Are Spreading Fast (Ad)

Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.

Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.

See the three companies before the rumors become headlines.

Get the details on all three companies now

Key takeaways from the release included broad-based demand led by cloud, AI, and data centers, as well as a multiyear runway underpinned by two major GPU suppliers.

HPE is a leading, if not the leading, provider of NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) rack-scale systems, including the recently launched Helios architecture. The system goes into delivery this quarter and is reflected in HPE’s guidance.

Hewlett Packard Enterprise Exceeds Expectations, Guides for Strength

Hewlett Packard Enterprise reported a strong quarter, with revenue growing 33.5% to $12.2 billion. Top-line growth accelerated year over year (YOY), nearly doubling the prior year’s pace. Growth was driven by a 74.9% gain in Networking, a 25.4% increase in Cloud & AI, and a 3% increase in Corporate Investments. Within Networking, Data Center and Routing were the strongest performers, with gains of 112% and 270%, respectively, although all subsegments produced healthy double-digit growth.

Sales were strong, but margins improved even more. HPE reported significant improvements in GAAP and adjusted gross margins, measured in the thousands of basis points, as well as high-triple-digit gains in operating margin. Those improvements drove a 155% increase in adjusted operating profit and a fivefold gain in cash flow and free cash flow.

Adjusted earnings, which were affected by a slightly higher share count, grew 65% YOY, outperformed MarketBeat’s consensus by approximately 1,800 basis points, and exceeded guidance by more than 20 cents. This performance enabled the company to create value while paying dividends and reinvesting in growth.

Guidance aligned with forecasts from AI-related infrastructure companies such as NVIDIA and Credo Technology (NASDAQ: CRDO), indicating strength on a scale that suggests the market has completely misjudged the impact of AI. The strong Q3 guide was well above expectations and led to an increased full-year outlook, forecasting approximately 35.5% YOY growth, wider margins, and triple-digit earnings growth. More importantly, the company also improved its longer-term forecasts, lifting its 2027 framework to include higher revenue, wider margins, and approximately $5 billion in free cash flow. The estimates also appear to be cautious.

Analyst Trends Strengthen, Forecasting Fresh Highs for HPE Stock

Analysts responded favorably to the release, with initial revisions dominated by price-target increases and reaffirmed targets above consensus. Post-release activity extended the existing trend, including stronger sentiment, an uptrend in price targets, and a consensus forecast for fresh all-time highs.

The consensus target, which increased nearly threefold over the trailing 12 months ahead of the report, represented nearly 50% upside to the pre-release close. The trend pushed the high-end target above $80. The likely outcome is that analyst trends will remain firm as the year progresses, strengthening alongside results as the data center buildout continues.

HPE Stock Finds Support After Its Post-Earnings Drop

Price action does not look favorable at face value, with the stock dropping after the release, but signs of strength emerged. Although the stock plunged at the open, the decline triggered a buying frenzy that quickly lifted it off the lows and confirmed support at a critical level aligned with early 2026 price action.

The support level indicates a pivot point that the stock is unlikely to break below. The more likely outcome is that HPE rebuilds support near $50 ahead of an advance later this year. The visible catalyst is the next earnings report, although a strong report from AMD detailing Helios demand could also do the trick.

HPE’s Cash Flow Supports Bigger Shareholder Returns

Reasons to buy this stock, aside from its AI positioning, include its cash flow and free cash flow. HPE pays a dividend and opportunistically buys back shares, either of which could increase in the coming year. As it stands, HPE yields about 1%, while year-to-date capital returns, including buybacks, are on track to equal less than 20% of the 2027 free cash flow target. The opportunity is for dividend and buyback growth to accelerate over time.

Backlog, supply chains, and shortages are the biggest risks this year. Supply constraints may show up in sales, with the ballooning backlog continuing to grow but not converting as quickly as expected. At the same time, front-loading inventories of needed products is affecting cash flow and could impair profitability if major supply shortages emerge. The offsetting factor is that the backlog is at record levels and continues to grow.

Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers

Reported by Chris Markoch. First Published: 9/12/2026.

Markets have followed a predictable pattern since the United States-Iran conflict began: When oil prices rise, stocks decline, and vice versa.

On Sept. 10, the price of crude oil crossed the psychologically important $100-per-barrel mark. That came just before investors received the latest reading on consumer price inflation (CPI), which was expected to show the effect of higher gas prices.

Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid (Ad)

A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from collapsing — and billionaire Sam Altman is now an investor.

This under-the-radar firm is drawing serious attention from those watching the energy infrastructure space closely.

Click here to learn this company's name for free today

Adding fuel to the sell-off, the CME FedWatch tool put the odds of an interest rate hike in September at approximately 70%. That has had a significant impact on technology stocks, which are easy targets for investors seeking liquidity and looking to reduce risk.

But money isn’t leaving the market; it’s simply moving to take advantage of higher oil prices. That has been true of integrated oil companies such as ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX).

However, other investors are eyeing the widening crack spread (the profit margin refiners earn per barrel). That is creating an opportunity for oil refiners.

Phillips 66: The Buyback Signals Conviction

Phillips 66 (NYSE: PSX) fits the widening crack-spread thesis cleanly. The company's integrated refining and midstream footprint means it captures margin on both ends of the barrel.

That leverage showed up in its Q2 2026 earnings report. PSX posted earnings per share (EPS) of $9.41 against a $7.50 consensus estimate, on revenue of $52.04 billion versus Wall Street's expectation of $43.60 billion. That's roughly four times what the company earned in the same quarter a year ago.

The analyst forecasts on MarketBeat show analysts racing to raise their price targets. Of the 21 firms covering PSX, 15 give it a Buy rating, compared with six Holds. The consensus price target is near $222—about 15% below where shares have recently traded. That gap between the share price and the target reinforces the dynamic in which the market is pricing in margin strength faster than analysts are willing to incorporate it into their targets.

The company’s management is also giving the stock a bullish boost. The board authorized a $10 billion stock repurchase program in late July, enough to retire nearly 12% of outstanding shares. Buybacks of that size are typically interpreted as a statement that leadership sees the stock as undervalued relative to where the business is heading. That’s a direct rebuttal to the idea that this rally is sentiment-driven.

Valero: Institutional Money Is Already There

Valero Energy Corp. (NYSE: VLO) is the purest refining play of the three, with no integrated upstream business diluting its exposure to the crack spread. That focus is showing up in the numbers: $12.54 in EPS against a $10.11 estimate, with revenue up 48.8% year over year to $44.48 billion.

The stock has been the standout performer of the group, trading near its 52-week high and up sharply from its 52-week low of roughly $155. The Valero analyst forecasts on MarketBeat show that 21 brokerages cover VLO, with 10 Buy ratings, including two Strong Buys, compared with eight Holds and a single Sell. That gives the stock a consensus Moderate Buy rating, with an average price target near $301. Like PSX, that price trails the current share price.

What stands out about Valero is its positioning rather than sentiment: Institutional investors own nearly 79% of the float, and several large holders, including a state pension fund, dramatically increased their stakes last quarter. That's a different signal from retail enthusiasm. It suggests long-horizon capital is treating the refining-margin story as durable, rather than as a short-term spike to be faded.

Marathon Petroleum: The Market Has Already Voted

Marathon Petroleum (NYSE: MPC) shows perhaps the starkest version of the fundamentals-versus-perception gap. The company reported $17.73 in EPS against a $14.27 estimate, with revenue climbing 53.5% year over year to $51.99 billion. That was one of the strongest beats among oil refiners this earnings season.

Seventeen analysts cover MPC, which has a consensus Moderate Buy rating based on 12 Buy ratings, four Holds and one Sell rating. But the consensus price target of around $330 sits well below the stock's recent trading level of nearly $400. Shares have gained more than 140% year to date, outpacing even bullish analyst models.

That disconnect, however, is worth watching rather than automatically treating it as an opportunity. Wall Street isn’t broadly bearish on Marathon, but the stock's fundamentals—driven in part by the same refining-margin strength tied to the oil-price shock—are moving faster than the analyst community can formally underwrite.

For investors watching the “perception versus fundamentals” framework play out in real time, that's the tell. The move in refiner stocks isn't a story of hype outrunning earnings. It's about earnings outpacing the models built to price them.