Buy DQ by Oct 5, 2026.

**Fortress Balance Sheet:** Despite operating losses, DQ’s balance sheet is incredibly strong. They have roughly **$2.0 billion in cash and short-term bank deposits and virtually zero debt**. Their cash balance alone is significantly larger than their entire market cap (\~$800 million), giving them a deeply negative Enterprise Value. **Massive Discount to Assets:** The stock trades at a Price-to-Book (P/B) ratio of roughly **0.2x**, meaning you are buying the company's tangible assets at a 80% discount. **Pivot to AI Data Centers:** …