Deep Dive
Meta's plan to sell 'excess AI compute' sent the stock up ~10% on July 1 while Micron fell ~10% and CoreWeave dropped ~12%. Zuckerberg says buyers are still paying above procurement cost — this is not the capex inflection point, but it is a dress rehearsal.
Deep Dive
Everyone talks about AI stocks, but the real money flows through a handful of tollbooth monopolies — from EDA software to lithography machines to GPUs. We map every layer of the US semiconductor supply chain and name the hidden winners.
Deep Dive
PLTR has shed ~45% from its peak while revenue growth accelerated from 48% to 85%. This selloff killed the multiple, not the business — and the data shows why this may be the best entry point in two years.
Deep Dive
Bears spent a week spinning ghost stories about AI memory demand collapsing — then Micron dropped a $41.5B quarter that beat estimates by 22% and made the skeptics go quiet. One earnings report, one verdict.
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The Magnificent Seven, Broadcom, and Oracle shed ~$2.7 trillion in combined market cap during June. Investors are reassessing the return on big tech's massive AI infrastructure bets — and the selloff reflects it.
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Micron (MU) delivered a record Q3 with $41.46B in revenue and non-GAAP EPS of $25.11 — both well above estimates — while gross margin hit ~85%. Q4 guidance of ~$50B crushed the $43.2B consensus, sending shares up ~14% after hours.
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The Philadelphia Semiconductor Index plunged 7.9% on Tuesday — NVDA off 4.1%, INTC/AMD/MRVL down 5.8%–9.4%, QCOM shed ~8% on AI deal rumors, and memory stocks MU and SNDK fell as much as 10%–11% intraday as Korea's KOSPI cratered ~10%.
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The five biggest cloud players are on track to spend roughly $520 billion on AI infrastructure in 2026 — increasingly funded by debt. On June 23, Wall Street's patience with the tab ran out, at least for a day.
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Micron (MU) reports fiscal Q3 results after the bell on June 24. Needham lifted its target to $1,550 and Bernstein to $1,300, as the stock hit a fresh 52-week high of ~$1,192 intraday — with options markets pricing in a ~17% post-earnings swing.
Deep Dive
TSMC's Q1 FY2026 revenue surged 40.6% YoY with a 66.2% gross margin and net income up 58.3% — the eighth consecutive quarter of double-digit profit growth. The market isn't valuing a foundry; it's pricing the essential manufacturing backbone of the entire AI era.
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Super Micro Computer (SMCI) announced a $7 billion equity raise to fund components for its $39 billion AI server order backlog. Shares tumbled ~28% as investors zeroed in on dilution risk, not the demand story.
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Oracle (ORCL) reports Q4 FY2026 earnings after the close on June 10. Consensus calls for EPS of ~$1.96 and revenue of ~$19.08B — but the real story is whether OCI can sustain its 84% growth streak and how fast that $553B backlog converts to cash.