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Everyone's obsessed with GPUs and hyperscaler capex. But the real chokepoint sits upstream — and one industrial name has a $163B backlog telling us exactly where the AI supercycle is heading next.
HYPE pulled back 15% from ATH to ~$62. Most are calling top, but HIP3 priority fees, HIP4 volumes, and a Coinbase-driven buyback say the setup is stronger than the chart suggests.
Magnificent Seven underperformed brutally this year while memory names ripped triple digits. But three of the seven still look mispriced to me — here's why the market may be missing their growth.