Exponential Edge - #13

Chinese EVs + GLP-1s + AI

GLP-1 momentum is back—HIMS up +244.8% YoY.

Meanwhile, BYD has taken over TSLA’s EV crown - crushing earnings & production.

This week: 10+ liquid plays across GLP-1s, dTAO rotations, and the EV reshuffle.

The author(s) own BTC at the time of writing (disclaimer).

Report Insights:

1. Healthcare > Tech: 2025 earnings growth—Healthcare: 17.6%, Tech: 16.5%

2. HIMS = GLP-1 Gateway: Profits without GLP-1 drug wars—picks, not players

3. Smart Money Buys HIMS: Dalio, Griffin, DE Shaw loaded up in Q1

4. TAO Rotation: TAO up → alpha tokens down; 1.5–1.7 = rebound zone

5. TSLA vs BYD: PE: 195.4x vs 26.3x; BYD leads in output and earnings

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