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SpaceX Stock Surge Amid AI Risks | Durham News
SpaceX stock surges past $140 as Nvidia and Alphabet pour billions into the company, fueling Wall Street’s bullish outlook—with price targets predicting over 60% upside. But a top analyst at Phillip Securities warns of a potential 46% drop, citing risky short-term AI contracts and massive capital spending that may not translate into sustainable revenue. While AI revenue exploded 247%, its reliance on volatile, easily cancellable deals—and one customer accounting for nearly 20% of Q2 sales—raises red flags. Thum’s track record makes his bearish stance hard to ignore, challenging investors to…
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