1. AI is both overhyped and a significant invention of the last decade; 2. The short-term impact of AI is overestimated; 3. Fundamental questions about AGI remain unanswered, making true AGI unlikely soon; 4. Microsoft is uniquely positioned to navigate the AI revolution and market backlash.

1. Quantum computing is facing a battle akin to the 1970-80s video cassette format wars; 2. IonQ addresses the challenges of quantum computing by trapping and energizing ions, which it calls nature's qubits; 3. IonQ is well on its way to becoming a financial giant in the quantum computing field.

1. Broadcom's stock surged 107% in 2024, benefiting from the AI revolution; 2. The company's earnings report and analyst call surprised investors; 3. Nexus Research upgrades Broadcom stock to 'buy'.

1. I have been purchasing Brookfield Infrastructure's 5.0% Subordinated Notes due to their significant discount, trading at 68 cents on the dollar. 2. The notes offer an asymmetrical investment profile supported by BIP's investment-grade balance sheet, diversified assets, and strong funds from operation generation. 3. The recent price collapse presents a unique buying opportunity driven by market volatility and end-of-year tax loss selling.

1. Public Storage remains a 'hold' due to high valuation despite being a strong operator in the self-storage industry with a significant market share; 2. Revenue growth driven by acquisitions, but profits and cash flows have declined due to lower rental revenue per square foot and occupancy rates; 3. Public Storage has less net leverage compared to peers, providing operational flexibility and potential for strategic acquisitions amid slower industry supply growth.

1. The S&P 500 index ended lower for the holiday-shortened week as Wall Street's bull run lost some steam. 2. The S&P 500 posted a massive advance of +23.31% for the year, marking the first time since 1998 that it delivered back-to-back annual gains of more than 20%. 3. Tesla garnered attention with a Cybertruck explosion and its first annual fall in deliveries. 4. The S&P 500 slipped -0.5% for the week, while the Dow and Nasdaq also fell slightly.

1. Credo Technology Group is well-positioned to benefit from AI and data center growth; 2. The company reported very strong quarterly results and provided revenue guidance that significantly exceeded expectations; 3. Despite a premium valuation, Credo's strong revenue growth, improving margins, and multi-year AI tailwinds make it a compelling investment, especially on pullbacks.

1. EPR Properties has seen its dividend yield rise to just under 8% following its recent pullback; 2. The REIT is covering its dividend by 151% from its fiscal 2024 third-quarter FFOAA; 3. Strong free cash flow generation and a well-laddered maturity profile raise the possibility of a near-term dividend hike.

1. SoundHound's stock surged over 1,000% in 2024 due to NVIDIA's investment and strong Q3 earnings; 2. Despite revenue growth and new deals, SOUN remains unprofitable and cash flow negative; 3. SoundHound's competitive edge is its superior voice AI technology; 4. The stock's valuation appears unsustainable, and investors should wait for profitability or cash flow improvements.

➀ Samsung has established a Future Robotics Office and increased its stake in Rainbow Robotics to 35%; ➁ Jun-Ho Oh, the founder of Rainbow, will become the CEO of the new office; ➂ The collaboration aims to accelerate the development of intelligent humanoids by combining Samsung's AI and software expertise with Rainbow's robotic technology.

1. The author is optimistic about 2025, expecting a REIT renaissance driven by corporate tax cuts, tariffs, and reduced regulation under President Trump's new administration. 2. Corporate tax cuts will incentivize business creation, benefiting REIT tenants and boosting rent quality. 3. Trump's tariffs could lead to increased U.S. investments, benefiting REITs leasing space to companies building new factories and warehouses.

1. Not all REITs are worth buying; 2. Some property sectors are risky and overpriced; 3. I present REITs to avoid in 2025.

1. The author has over 15 years of experience in the REIT sector and has observed its evolution. 2. He analyzes REITs based on competitive advantages and financials, focusing on those with wide moats and trading at a margin of safety. 3. His top 10 REITs for 2025 are selected based on strong fundamentals, solid balance sheets, consistent dividend growth, and potential returns of up to 30% over the next 12 months.

1. Despite a $1.75 billion funding boost and the launch of an intriguing SUV, Lucid continues to face financial issues, leading to a maintain Sell rating. 2. Lucid's focus on luxury, innovation, and vertically integrated manufacturing sets it apart in the EV market. 3. The advanced Arizona facility is crucial for expanding production beyond sedans and achieving sustainable profits.

➀ Raspberry Pi Holdings reached a valuation of nearly £1.3 billion as shares hit 658p, more than doubling from its July IPO price of 280p. SW Investment Management has been identified as a significant buyer. The Raspberry Pi Foundation, Softbank, and Lansdowne Partners are the largest shareholders. The company reported a 61% year-over-year revenue increase to $144 million in the first half of the year. The Pi 5, launched in October, sold 1.1 million units in the first half, with a 31% overall unit growth. ➁ SW Investment Management has been reported as a major buyer behind the share surge. ➃ The Raspberry Pi Foundation is the largest shareholder with 49% of the shares.

1. Quantum-Si has surged as part of the quantum computing trend, but its core business is not focused on quantum computing. 2. Quantum-Si has missed its initial SPAC projections and is struggling to gain commercial momentum. 3. Quantum-Si's balance sheet is healthy but may need more cash by the end of 2026 for its Platinum platform commercialization.

1. Topgolf Callaway Brands' shares have plummeted 47% in 2024 and 79.3% from their peak, but the decline seems extreme given the company's fundamentals. 2. Management plans to split Topgolf and Callaway Golf Company, aiming to unlock value despite recent financial struggles and increased debt. 3. Despite market skepticism, the author maintains a strong buy rating, believing the separation will reveal undervalued assets and present a compelling investment opportunity.

1. REITs faced challenges in 2024 but are well-positioned for growth in 2025, especially in sectors like net lease, shopping centers, healthcare, and data centers. 2. Falling interest rates and proposed policies by President Trump could stimulate demand, benefiting REITs with strong balance sheets and attractive valuations. 3. Key sectors to overweight include net lease, shopping centers, healthcare, and data centers, with equal weight in cell towers, industrial, sunbelt office, and apartments.

1. SoundHound AI's Q3 2024 results exceeded expectations, leading to a 208% stock price surge; 2. Despite promising market potential, profitability remains uncertain; 3. The company faces risks from Big Tech competition and achieving projected margins, with a 57% chance of exceeding the current stock price.

1. The author has a buy rating on the iShares Bitcoin Trust ETF due to bullish 2025 price targets, positive seasonals, and technical trends. 2. Bitcoin's 133% YTD performance and potential for further gains make it a compelling investment despite its historical volatility and downside risks. 3. The incoming Trump administration's potential National Bitcoin Reserve and favorable regulatory backdrop could serve as significant bullish catalysts in 2025.