Concerns about growing capital expenditures on AI1 among tech giants have led to renewed bubble fears among market participants.

Applied Digital has staged an extraordinary comeback, rocketing nearly 955% from its 52-week low of about $3.31 per share to recent closes around $35 per share.

Apple, Inc.'s revenue, free cash flow, and FCF margins surged in its latest quarter. This has pushed AAPL target prices higher. Two plays are attractive: short one-month out-of-the-money puts and buy longer-dated in-the-money calls.