Last night's market performance can basically be described as edge AI devices + AI industry chain. The two edge AI players are Apple in the smartphone sector and Tesla in the automotive/robotics sector. The AI industry chain includes companies like NVIDIA, AMD, Broadcom, and TSMC.

Among them, $Tesla(TSLA.US) has rapidly caught up in recent weeks, finally turning its year-to-date performance positive. The stock has surged from around $160 to over $250 per share, but the actual fundamental improvements during this rally have been limited to slightly better-than-expected sales figures.

Of course, Dolphin Research understands that when it's being hyped as an edge AI play, Tesla can be viewed as a company with unlimited imagination. However, it's important to note that as an edge AI device play, the gap between Tesla's autonomous driving technology (especially Robotaxi) and actual implementation isn't just about the natural disparity in computing power and algorithm maturity. There are also policy and regulatory hurdles, as well as differences in regional implementation policies.

But $Apple(AAPL.US), as a comprehensive consumer electronics giant, doesn't face these issues with its smartphones and computers. Therefore, as edge devices, the importance of intelligent competitiveness and implementation speed differs significantly. Tesla's hype as an edge AI stock has more obvious limitations. When the stock price surpasses $250 and approaches $300 per share, Dolphin Research believes Tesla will face greater challenges in breaking through, especially since its automotive fundamentals don't provide strong support. Relying solely on AI potential to reach $300 will be difficult.