Nvidia now makes up nearly 8% of the entire S&P 500—putting it above Apple, Microsoft, Amazon, and Google in market weight. One company is pulling America’s stock market like never before. And poses a major risk for us all.

With AI demand exploding, its market cap now overshadows giants that once defined the index. For perspective: most of the 500 companies in the S&P barely make up 0.5% each, yet Nvidia alone carries nearly 8%. That level of concentration means the health of the U.S. market is increasingly tied to one stock’s performance. While it’s not the first time tech has dominated—think Apple in the iPhone era or Microsoft in the early 2000s—the speed and scale of Nvidia’s surge is different. When one company grows this powerful, history shows markets can get fragile.

From tasers to tech dominance—Axon’s revenue has exploded 20x since 2010. But with a sky-high P/E of 189, is this unstoppable growth… or a bubble waiting to burst?

Axon, the company behind most police tasers, has transformed into a law enforcement tech giant. Over the past decade, it’s delivered a 29.3% annual revenue growth rate and a 23.7% earnings CAGR—rare numbers in any industry. Its cloud-based software, body cameras, and digital evidence tools are becoming as essential to police forces as its signature tasers. That explains why revenue shot from just $100M in 2010 to $2.1B in 2024. But here’s the catch: investors are already paying up for this growth, with a TTM P/E ratio of 189. The question now is whether Axon can keep delivering shocks—or if the current valuation leaves investors exposed.

Novo Nordisk stock just saw a sharp drop—yet the company’s earnings are still climbing at double the pace of its share price. Is Wall Street overreacting to noise instead of facts?

Novo Nordisk ($NVO) has been a powerhouse in the healthcare space, with earnings per share (EPS) compounding at 13% annually since 2015. Yet, while the fundamentals remain solid, the stock price recently dipped hard—driven more by sentiment than business reality. The long-term chart shows that earnings growth has consistently pulled the stock higher over time. When the market disconnects from fundamentals, it often creates opportunity. Short-term turbulence tends to mask the real story: stocks eventually follow earnings, not headlines.

MicroStrategy has turned itself into a leveraged bet on Bitcoin—and history shows it’s been here before. The stock has crashed hard multiple times, each fueled by hype that couldn’t last. Is history repeating?

$MSTR isn’t just a software company anymore—it’s basically a proxy for Bitcoin. The stock’s biggest spikes came during hype-driven moments: the dot-com bubble, the tech collapse, and more recently, Bitcoin’s surge. Each peak was followed by brutal crashes when reality caught up. With Bitcoin itself being volatile, $MSTR’s business model makes the stock even more unstable. It’s a case study in how investor sentiment and speculative assets can drive extreme booms and busts. While the ride can look tempting, the history on this chart speaks for itself: hype without stability rarely ends well.

Even one of history’s greatest minds couldn’t escape greed and envy. Sir Isaac Newton lost a fortune in the South Sea Bubble by following the crowd at the wrong time.

In 1720, Isaac Newton first invested in the South Sea Company and cashed out with a solid profit. But when he saw his friends getting richer, envy kicked in—he reinvested near the peak. Greed took over, and when the bubble burst, Newton lost the equivalent of over $4 million in today’s money. His famous quote sums it up: “I can calculate the motions of heavenly bodies, but not the madness of people.” Following the herd rarely ends well.

Refer two friends and we’ll send you our stock-picking framework — the same system we used to catch Meta at the bottom and Fortinet before it took off. We could sell it for $499, but we’d rather give it to you for free.