GM. This is Milk Road PRO, where we finally took profits but then immediately turned bought something else.
This is your weekly PRO recap: one email that covers every trade, update, Discord debate from the last seven days.
Here's what we got:
- š What we traded: 16 trades were made in total, including big buys on neoclouds and the analyst stacking their existing positions.
- š§ Is this a really underpriced stock? (PRO Report): M0xt breaks down if an advertising giant can diversify its customer base and what that would mean for the price.
- š¬ Community highlights: Kyle pulls out the dot-com bubble playbook for AI infra stocks, and Melvin uses hyperscaler earnings to back up his bull case.
THIS STOCK GREW 59%, BUT PRICED AT 18% š¤
PRO Report by Martin - July 9, 2026
AppLovin, one of the biggest advertising platforms in the world, just posted 59% revenue growth and an 85% EBITDA margin, and Martin argues that's not even the interesting part. The real question is whether AXON, its AI-powered ad platform, can generalize beyond gaming into e-commerce.
At $527, APP trades below a $660 probability-weighted fair value, but the buy trigger doesn't kick in until it drops under $500. The report lays out the exact levels for adding, holding, and trimming, plus the bull and bear case for AXON outside gaming.
WE WANT YOU IN THE COMMUNITY! š„
Our Discord is open to all PRO Members.
Kyle dropped a little history lesson in Discord this week, comparing today's AI infrastructure stocks to the dot-com era, when Intel and Micron ran up big before the application layer companies ever showed up. His take: Tesla and Eli Lilly are shaping up as this cycle's application layer winners, powering robotaxis, humanoid robots, and AI-driven healthcare, but that value creation is still years away.
Melvin, meanwhile, used this week's hyperscaler earnings to back up his bull case. Google Cloud crossed $20B in a single quarter (up 63% year over year) with a backlog that nearly doubled to $462B, while AWS grew 28% on a $150B run rate with Bedrock now serving over 125,000 enterprise customers. His takeaway: the revenue is validating every dollar of hyperscaler CapEx.
