SpaceX tumbled 14% despite posting strong earnings, ahead of the release of roughly $101 billion of shares becoming available for trading Thursday. Nigel Green says this is the moment investors need to stop treating the AI trade as settled and start applying real scrutiny. He sets out three priorities investors should apply to the AI trade through year-end. “The AI trade stopped being a single story months ago, and treating it as one is the fastest way to get this wrong,” Nigel Green explains. “The more useful question is which parts of the AI trade are built on real demand and which are built on financing structures that still need to prove themselves.