We're officially in the stupid phase of the AI boom

THE RECEIPTS

1999: A Princeton study found that companies simply adding “dot-com” to their name saw their stock prices jump roughly 53% on average in the 10 days following the announcement.

2017: Long Island Iced Tea Corp. rebranded to Long Blockchain Corp., the stock tripled, and within two years the SEC had filed fraud charges.

2021: Every EV SPAC you'd never heard of ripped, most of them got destroyed within 18 months.

Iran Desperately Needs This From America

Trump is about to cut Iran off at the knees. One tiny North Carolina town supplies 80% of the world's most critical semiconductor material. When Trump bans exports, Iran's tech infrastructure crumbles — and every chipmaker on Earth is forced to relocate to U.S. soil. A handful of U.S. companies stand to capture most of the $10 trillion reshoring boom.

THE SIGNAL

When shoe companies, museum apps, and ATV makers can add “AI” to a press release and rip triple digits in a day, you are not looking at the start of a new bull leg, you are looking at the late innings of one.

$BIRD • ALLBIRDS • COSPLAY: 9/10

Sneakers to servers

Sustainable shoe company (the merino wool sneaker brand) pivoting to “AI infrastructure.” Ripped 582% Wednesday, peaked around 670% intraday, faded 35.79% Thursday, and the after-hours session was ugly.

Our read: The pivot story is vapor, the dilution risk is enormous, and the chart is already broken, so we're on the side watching the fade complete.

$MYSE • MYSEUM.AI • COSPLAY: 8/10

The one that literally changed its name

Tiny-float personal media app company that rebranded to Myseum.AI on April 15. Ripped 175% after-hours, added 129% Thursday, and got into AMD's AI Developer Program (a free-to-apply program, not a strategic endorsement).

Our read: The name change alone is a red flag from 2017 that every retail trader seems to have forgotten, and the AMD program is a participation trophy being marketed as a strategic win.

$MAMO • MASSIMO GROUP • COSPLAY: 7/10

ATVs meet robotics

Off-road vehicles and powersports maker announcing a strategic cooperation with Shenzhen AIBO Robotics to “explore AI-enabled upgrades.” Jumped 38.86% after-hours on the news.

Our read: The word “explore” in a joint venture press release is doing a lot of heavy lifting, and an ATV company grafting itself onto the robotics narrative is a stretch by any measure.

$HUBC • HUB CYBER SECURITY • WATCH

The reverse-split setup

Cyber security micro-cap announcing a 1-for-50 reverse stock split effective April 20. No AI rebrand yet, but a reverse split this aggressive tends to precede a pivot announcement, because management needs the share price above Nasdaq minimums before the pump can start.

Our read: This is the one to watch next week, and if a rebrand or “AI cybersecurity platform” press release drops after April 20, the pattern completes.

$WULF • TERAWULF • LEGIT PIVOT

How a real pivot actually looks

Bitcoin miner that pivoted to AI and high-performance compute hosting, priced a $900M equity offering at $19 per share this week. The difference from the pivot-cosplay names is real data centers, real power contracts, and a real customer pipeline.

Our read: WULF may be a legitimate-pivot company that proves the cosplay names wrong, because the market will reward real infrastructure, not rebrands.

— BEHIND THE HEADLINES —

You're Being LIED To About The Iran War

Forget EVERYTHING you've heard about the Iran war.

Especially the reasons why we're bombing the country.

$PESI • PERMA-FIX ENVIRONMENTAL

The PFAS destruction test

Small-cap hazardous waste name running a Gen 2.0 system test that, if it works, triples destruction capacity to 3,000 gallons per day while cutting operating costs, which is a real technology validation event with real revenue implications.

Catalyst window: April 20–30 • Risk: 7/10, small-cap with a binary technical outcome, so position size matters.

$CRS • CARPENTER TECHNOLOGY

The specialty alloys guy goes medical

Specialty alloys maker (the kind of stuff that goes into jet engines and surgical tools) launching a next-gen high-entropy alloy platform for medical implants and surgical instruments, with a confirmed April 26 launch date.

Catalyst window: April 26 • Risk: 5/10, mid-cap with a broader materials business as a backstop if the launch underwhelms.

$EGO • ELDORADO GOLD

The gold thesis, with a date

Gold producer flipping the switch on commercial production at Skouries in Greece and McIlvenna Bay in Canada, which is the cash flow inflection moment the entire thesis has been waiting on, and it lands with gold sitting at $4,903 and central banks still accumulating.

Catalyst window: May start • Risk: 4/10, construction delays would be the main rug mechanism, but the gold backdrop is the cushion.

MON APR 20 • WATCH

HUBC's 1-for-50 reverse split goes effective Monday, so this is the tell for whether the pivot-pump playbook gets its next entry, with a rebrand press release being the thing to watch for.

TUE APR 21 • HIGH IMPACT

Big Tech earnings week kicks off, and the market has priced in perfection, so anything short of blowout guidance sets up a NFLX-style rug with Tesla and the first Mag 7 names headlining.

WED APR 22 • WATCH

Polymarket's “US-Iran permanent peace deal by April 22” market is sitting at 41.5%, so this is a binary setup day for oil, defense names, and gold regardless of which way the headline breaks.

THU APR 23 • WATCH

Weekly jobless claims and flash PMI data land pre-market, with the Fed holding at 97.9% probability for April 28–29, so the real story here is any shift in the 2027 rate cut path.