Navellier's 'Project Apex' — The Four Stocks Behind the August 6 Elon Musk Hype

The Hook

Louis Navellier’s latest VSL, promoting Growth Investor ($49 first year, $199 renewal, 90-day refund), hangs on an August 6 deadline. The claim: Elon Musk is about to “flip the switch” on an AI breakthrough at his Colossus data center in Memphis, something that will “send ChatGPT offline forever,” “destroy OpenAI,” and trigger a “70X investment boom.”

The urgency mechanism is SpaceX’s first quarterly earnings report as a public company, scheduled for August 6. Navellier frames this as the “draw the curtain” moment where Elon reveals what he’s been building at Colossus, a superintelligence play that has “thrust executives at Microsoft and OpenAI into panic mode.”

The “secret weapon” analogy is doing heavy lifting here. Navellier claims he uncovered this through “a team of bankers”, a phrase that appears in literally every Navellier promo, always pointing to a different banker, always uncovering a different once-in-a-lifetime trade. This is the same playbook we dissected in his “Next Nvidia” promo last month, different bankers, same urgency.

The Big Claim

The core thesis: Elon Musk’s “Project Apex”, the Colossus data center in Memphis, houses proprietary AI compute infrastructure that will leapfrog every existing AI platform. Four “moves” are offered to play it:

1. Move #1: Celestica (CLS). “capturing the lion’s share of the gains” from hyperscaler data center build-outs, supplying high-speed networking switches for AI servers
2. Move #2: Palantir (PLTR). “Trump and Elon’s preferred AI partner,” riding government contracts from Pentagon, Army, DHS, and IRS
3. Move #3: Bloom Energy (BE). “the perfect AI energy,” fuel-cell power for data centers that needs no grid connection
4. Freebie: Dell (DELL). “the premier AI hardware maker” with a $5 billion deal to supply Elon’s Colossus expansion

Navellier’s money quote: “It takes most tech CEOs four years to set up a project of this scale. Elon did it in 19 days.”

The Mechanism

All four picks are picks-and-shovels plays on AI infrastructure, not the AI breakthrough itself. That’s the first important distinction. Navellier is selling the promise of an Elon Musk superintelligence moonshot, but the stocks he’s recommending make servers, run government databases, generate electricity, and build networking hardware.

Celestica (CLS) is the most direct play. ~75% of its revenue comes from the Communications & Cloud Solutions segment, which builds high-speed networking equipment for data centers. Revenue is growing at ~60% annually in that division. At ~$371/share (its current trading price), CLS is about 15-20% off its highs, but still up 75%+ over the past year. Trading at ~25X forward adjusted earnings, its ~40% earnings growth rate gives it a PEG ratio that’s actually reasonable. The bull case: hyperscalers (Microsoft, Meta, Amazon, Alphabet) have no choice but to keep building, and CLS is a critical supplier. The bear case: this is a cyclical hardware business, and hyperscaler capex is famously boom-bust.

Palantir (PLTR) has become a Navellier staple. It was featured in his “Project An-E” promo earlier this year and appears again here with a fresh government contract narrative. PLTR just reported Q2 and jumped 27%+, the stock is now around $163. At that price, the market cap is well over $375 billion on ~$7 billion of expected 2026 revenue. That’s 50x+ sales for a company growing revenue at 30%. There’s no debate about PLTR’s government moat, the contracts are real, the margins are improving, and the AI platform (AIP) is gaining enterprise traction. But 50x sales for a company expected to earn $3/share by 2028 means you’re paying 50x+ 2028 earnings… today. That’s the definition of priced for perfection.

Bloom Energy (BE) is the most speculative pick in the group. Fuel cells as “perfect AI energy” is a genuine thesis, data centers face grid interconnection delays, and on-site power generation solves that problem. Bloom has installed ~1GW of capacity, the Brookfield $25 billion AI infrastructure partnership is real, and 80%+ earnings growth is projected. But BE is down 30%+ in the past month, trading at 80x forward adjusted earnings, and fuel-cell technology has been “about to break out” for 20 years. This is a bet on data center energy scarcity, not a bet on Elon Musk.

Dell (DELL) is the freebie, and the one that actually makes the most sense. At ~$417, DELL is just above Navellier’s “$410 buy limit,” but it’s more than doubled from the $160 level when this promo first ran in March. Dell’s AI server business is real: the $5 billion Colossus deal, enterprise AI infrastructure, PowerEdge servers with NVIDIA GPUs. Trading at ~15x forward earnings, it’s the only pick with a valuation that doesn’t require projecting 2029 to justify.

The Real Picks

📊 Polygon-verified (Aug 4, 2026 close): CLS $371.15 | PLTR $162.66 | BE $228.11 | DELL $467.27. BE and DELL prices updated from original (~$186, ~$417). All 4 tickers verified active.

Does the Math Check Out?

Let’s go claim by claim.

“Elon did it in 19 days.” This refers to Colossus 1 being stood up in 19 days, which is genuinely impressive. But speed of construction ≠ quality of output. Bloomberg reported that SpaceX “decided to rent out the full capacity of its Colossus 1 data center in Memphis to Anthropic PBC after encountering technical challenges using the facility to develop and run its Grok artificial intelligence models.” If the superintelligence is so powerful, why is the data center rented to Anthropic?

Colossus 2 is more than half-leased to Alphabet and others. SpaceX appears to be running a data center leasing business, not a secret AI moonshot. Renting GPU compute to Anthropic and Google is a solid business, but it’s not “destroying OpenAI.”

“August 6, draw the curtain on Project Apex.” SpaceX’s first earnings report as a public company is a genuine milestone. But the idea that Elon will “flip the switch” and reveal a ChatGPT-killer during an earnings call is promotional fantasy. Earnings calls follow scripts. This will be about revenue (Starlink, launch contracts, leasing) and forward guidance, not about a secret superintelligence.

“70X investment boom.” No source, no methodology, no timeframe. This is a headline number designed to create FOMO, not a financial projection.

The actual data center thesis is more mundane: AI infrastructure is growing fast, and these companies supply it. That’s a real investment thesis, but it doesn’t require the “Elon destroys OpenAI” framing. You can own CLS because hyperscaler capex is accelerating, not because Elon is building Skynet in Memphis.

The August 6 Reality

What actually matters tomorrow isn’t a superintelligence reveal, it’s SpaceX’s financials as a newly public company:

• Starlink revenue and subscriber growth, the core business
• Launch cadence and margins. Falcon 9 and Starship economics
• Data center leasing revenue, how much of Colossus is generating cash
• Grok development costs, how much they’re spending on AI vs. renting out capacity
• Forward guidance, the real catalyst for any stock movement

Navellier’s framing depends on the fourth and fifth bullets being explosive. The reality is more likely to show a diversified space/internet/AI infrastructure company, exciting, but not a ChatGPT-killer.

What They Got Right

1. AI infrastructure is a genuine growth theme. The picks-and-shovels AI playbook (networking, power, servers) has been a winning trade for two years and probably isn’t done.
2. DELL was the right call. At $160-ish in March, Dell was genuinely cheap for an AI server beneficiary. It’s more than doubled. Navellier’s timing on this one was excellent.
3. The hyperscaler capex thesis holds. Microsoft, Meta, Amazon, and Alphabet are still spending $300B+ annually on AI infrastructure. CLS at 25x forward earnings with 40% growth is a real investment case, just not the one the promo sells.
4. SpaceX going public is genuinely significant. But the investment case is about Starlink economics and launch market dominance, not about a secret AI that “sends ChatGPT offline.”

What They Got Wrong

1. “Send ChatGPT offline forever” is pure promotion. Grok is a real model, but leasing Colossus to Anthropic suggests it’s not competitive at the frontier. If your superintelligence data center is rented to the competition, your superintelligence isn’t in the data center.
2. The “bankers uncovered this” framing is recycled. Every Navellier promo involves a different banker uncovering a different once-in-a-lifetime trade. The bankers change; the urgency stays the same.
3. PLTR at 50x sales is already pricing in the thesis. Even if everything goes right, government contracts expand, AIP adoption accelerates, margins improve, the stock already reflects years of perfect execution.
4. Bloom Energy’s “always on, even during extreme weather” claim is optimistic. Fuel cells are reliable, but they require a natural gas supply. During extreme weather events, gas infrastructure can be disrupted just like electricity, look at Texas during Winter Storm Uri.
5. The August 6 catalyst is a quarterly earnings report, not a product launch. Navellier is selling the hype of a Steve Jobs keynote for what’s essentially a CFO reading numbers from a script.

The Verdict

If you strip away the Elon Musk fan fiction, you’re left with four picks-and-shovels AI stocks at varying valuations:

• CLS: Reasonable valuation, real AI exposure. The best of the four.
• DELL: Already doubled from the actual buy point. The ship may have sailed.
• PLTR: Great company, nosebleed valuation. Wait for a pullback.
• BE: Speculative energy play. Only appropriate as a small position in a diversified portfolio.

None of these companies require an August 6 superintelligence reveal to work as investments. And the fact that Navellier frames them that way should tell you something about how these promos are constructed: the tickers are chosen first, and the narrative is built around them.

The real question is whether you’d buy CLS at 25x forward earnings if someone had told you “this company makes networking switches for data centers”, without the Elon Musk framing, without the “Project Apex” urgency, without the ChatGPT-killer story. If the answer is yes, there’s a trade here. If the answer is no, you’re buying the story, not the stock.

This is not financial advice. NewsletterVetter has no position in any stock mentioned. The promo’s own disclaimer (from the Growth Investor order page) notes that past performance does not guarantee future results and that the advertised returns may not reflect actual subscriber experiences.