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Editor’s Note: Our friend Louis Navellier is a regular guest at Mar-a-Lago, President Trump’s private residence in Palm Beach Florida. He’s also one of America’s top tech investors, managing a $1.1 billion portfolio – including $358 million in AI stocks. (He recommended Nvidia to his followers before it soared 44,000%.) In addition, he predicted the Dot-Com crash. He called Google’s rise. And now he has a shocking warning about the SpaceX IPO that all Americans deserve to hear. See below for details.

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SpaceX is headed toward what could be a $1.6 trillion IPO – the biggest in history.

It could make Elon the world’s first trillionaire.

And it would likely create countless new millionaires and billionaires, too.

But Elon’s dreams of dominating space and AI could soon come crashing down.

Because Donald Trump has recently signed Executive Order (#14363).

While the mainstream media obsesses over this historic IPO…

Not only could it render SpaceX’s AI technology obsolete…

It could trigger a $100 trillion “reset” of the AI markets in America.

How could it disrupt the biggest IPO in history in the process?

How could it send shares of one obscure AI stock soaring?

And how could you turn this into a massive opportunity, starting now?

Simply click here for my brand-new presentation revealing all the details.

I even reveal the name and ticker of one company poised to profit, for free.

Fair warning: This information is very time sensitive. I could take it down at any time.

So please don’t delay. Inform yourself now, before the big IPO.

Louis Navellier
Senior Investment Analyst, InvestorPlace

P.S. I consider this the biggest prediction in my 40-year career.

Trump’s executive order could send shockwaves throughout the AI economy. As you’ll see, he’s building a new AI technology 283 trillion times more powerful than Elon’s. It may sound crazy. But it’s 100% true. And understanding exactly what’s coming could save you a lot of money in 2026… while getting you in early on the biggest AI revolution ever.

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FEATURED

Chip Equipment Is Back

Last week was brutal. On June 5, the PHLX Semiconductor Index collapsed approximately 8.5% in a single session – its steepest single-day drop since the April 2025 tariff selloff – as U.S.-traded chipmakers shed over $1.3 trillion in combined market value. Broadcom’s AI-chip guidance for Q3 came in at $16 billion versus the $16.36 billion the market had priced in. That narrow miss was enough to detonate weeks of stretched positioning across the entire chip complex.

Nvidia lost roughly 6%, erasing more than $300 billion in market cap. Micron tumbled 11%. Marvell dropped 12%. AMD and Intel each fell around 10.5–11%. The broader S&P 500 tech sector fell more than 4% on the day. Strong May jobs data – 172,000 positions added, roughly double expectations – compounded the pressure, pushing the 10-year Treasury yield to 4.54% and dimming hopes for near-term rate relief.

Then the rebound started.

Equipment Names Led the Recovery

By June 8, institutional buyers moved decisively back into the hard-asset layer of the semiconductor supply chain – the equipment suppliers that build the machinery foundries depend on. Applied Materials surged 8.64% in a single session, outpacing the broader Technology Equipment sector gain of 4.15%. ASML added 6.54%. The rebound in these names was not incidental. It reflected a clear thesis: regardless of near-term AI chip guidance volatility, the global foundry buildout is a multi-year capital spending cycle, and the equipment companies serve it regardless of which chip architecture wins.

Lam Research (LRCX) was at the center of that rotation. On June 9, UBS raised its price target on LRCX to $375 from $310, maintaining its Buy rating, citing the company’s entry into an accelerating AI-driven growth cycle and rising expectations for wafer fabrication equipment spending. Shares jumped 2.8% in the morning session following the action, building on the prior day’s broad equipment rally.

The UBS move was the most recent in a string of analyst actions. Morgan Stanley upgraded LRCX to Overweight from Equal Weight in May, lifting its target to $331 from $293. Cantor Fitzgerald raised its target to $425 from $320. Mizuho moved to $380, maintaining Outperform. The consensus among 36 analysts currently sits at a Buy rating with an average 12-month price target of approximately $323. LRCX is up roughly 75% year-to-date, trading near $324.65, not far from its 2026 52-week high of $343.71.

The Fundamentals Back the Move

This is not a story being driven purely by sentiment. In fiscal year 2025, Lam Research posted revenue of $18.44 billion, a 23.7% increase year-over-year, with net income of $5.36 billion – up 40% from FY2024. Gross margin reached 50.1% in the most recently reported quarter, with operating margins at 33.7%. The company’s next earnings report is expected July 28, with consensus revenue estimates of $6.79 billion for the quarter and EPS of $1.71 – representing an estimate that has been revised upward 22% in the past three months alone. The global wafer fab equipment market is on track to hit approximately $123 billion in 2026 per SEMI forecasts, driven by advanced logic, DRAM, and high-bandwidth memory investment. Lam’s etch and deposition tools are essential infrastructure for all of it.

Slight tangent worth noting: China represented 34% of Lam’s FY2025 revenue – a figure that carries real geopolitical weight. The U.S. Department of Commerce recently ordered chip equipment companies to halt certain shipments to China’s Hua Hong foundry. That export risk is not new, but it is not fully resolved either, and disciplined traders should hold it as a variable when sizing any position in LRCX.

Three Scenarios Worth Watching

Bull case: WFE spending continues to track above $120 billion in 2026, NAND conversion investment accelerates toward the projected $40 billion end-of-cycle figure, and HBM capacity additions drive incremental etch and deposition intensity. LRCX retests its 2026 highs near $343 and targets the $375 UBS level on sustained institutional accumulation.

Base case: The rebound holds, but macro pressure from elevated Treasury yields keeps multiple expansion limited. LRCX consolidates in the $305–$340 range through the July earnings report, with the next directional move hinging on Q4 guidance and any update to the WFE spending outlook.

Bear case: A second wave of tech sector selling – triggered by hotter-than-expected inflation data ahead of the Fed’s next decision or a material escalation in China export restrictions – pushes LRCX back toward the $275–$285 support zone. Options market activity has already flagged elevated put volume, with Jul-26 $300 puts among the most active strikes in recent sessions.

What matters here is not whether the rebound holds for another day. It is whether the structural case for equipment spending remains intact. Right now, the data says it does. The WFE cycle has real customers, real budgets, and real visibility extending into 2027. That is what institutional buyers are pricing in when they step back into names like LRCX after a sector-wide liquidation event. Traders should focus on the July 28 earnings date, watch the $300 level as key support, and size accordingly around the Fed’s next policy signal.

Preparation over prediction. That is how this environment gets navigated.

For informational and educational purposes only. Not investment advice. Trading involves risk, including loss of principal.