SpaceX’s 2 Trillion USD IPO, Fuel Cells Powering AI, and the Return of Market Euphoria

The stock market is ripping higher again, AI stocks are surging vertically, and investors may be underestimating just how stretched this rally has become.  Puru Saxena, founder of AlphaTarget and growth investor, and the panel break down the explosive rebound in equities following recent geopolitical tensions in the Middle East, explain why semiconductor stocks and AI-related stocks continue to push aggressively higher, and discuss why AlphaTarget believes markets may now be approaching a significant short term top. With sentiment rapidly shifting from fear to extreme optimism, the team explores whether this rally still has room to run and where risks may now be building beneath the surface.  Oyvind Bjerke, Senior Analyst at AlphaTarget explains why fuel cells are suddenly becoming a critical part of the AI data center buildout, why companies like Bloom Energy are seeing explosive demand growth, and how power shortages and grid constraints are creating a major opportunity across the sector. Irnest Kaplan, Senior Analyst, also breaks down the competitive landscape, including why Ceres Power could emerge as an important challenger as AI infrastructure spending accelerates globally.  The panel also dives into one of the most anticipated IPOs in years: SpaceX. Damia unpacks the company’s S-1 filing, including Starlink growth, AI ambitions, heavy investment spending, and the debate surrounding its potential $2 trillion valuation. The discussion explores whether investors are pricing in too much future optimism, how Starship could reshape long term growth expectations, and why Elon Musk companies continue to command extraordinary valuations despite increasingly difficult comparisons.  The episode of AlphaTarget PULSE also explores why the Federal Reserve could become a major catalyst for volatility, why the current AI rally is beginning to resemble previous speculative periods, and how the team is positioning through what they believe could become a more unstable market environment over the coming months.  --  AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing.  AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions