While investors are getting bullish again, the big tech trend is AI. Companies are even mentioning AI more often in their earnings reports than tariffs. That’s good news for growth investors.
For investors who are already in on the AI space or are looking for another high-growth trend, good news. Other tech spaces continue to look strong, and many of them carry companies with higher growth profiles than AI plays right now.
That includes the growth of commercial space technology. In less than 15 years, the cost to move one kilogram into orbit has declined by over 90%, thanks to companies like SpaceX.
While SpaceX is still privately-held, investors can own publicly-traded, and smaller, companies such as Intuitive Machines (LUNR).
Intuitive Machines designs, manufactures, and produces products and services for the growing space industry, including delivery services, AI applications, and other tools.
The Texas based-firm is up over 120% in the past year, but still carries a market cap of just $2 billion, well under the valuation of privately-held SpaceX.
Action to take: Long-term tech investors may like shares here. While still in the early stages, Intuitive Machines is building a strong niche for space services, which are still in their infancy as costs to move goods into orbit continue to decline.
For traders, shares pulled back heavily in the recent market selloff, but are still down 50% from their highs but trending higher. The September $18 calls, last trading for about $1.10, could see high double-digit returns or better on a continuation of that uptrend.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.