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:
- π What we traded: 16 trades were made in total, including big buys on neoclouds and the analyst stacking their existing positions.
- π§ 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.
- π¬ 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% π€
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! π₯
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.
