ASML fell 22% in 29 days this summer, from $1,986.87 to $1,550.69, while quarterly revenue grew 21% year over year. We measure the swings, the 53 times earnings price, and which revenue print would show…
Chips are no longer the scarce input for AI. Grid capacity is: PJM’s auctions clear at the price cap, turbine slots are booked into 2029, and the stocks have started to price it. Here is…
Broadcom grew revenue 85.5% last quarter and the stock still fell 2.7%, now 27.6% below its high. We tested the case for chip stocks beyond Nvidia on today’s data: one name holds up, four need…
I sold a put on Baidu at an $80 strike, $74 breakeven, four days before the report. Then revenue fell 4%, ad revenue fell 19%, and the ADS dropped as much as 13%. Here is…
AMD’s revenue grew 50% last quarter and data center sales more than doubled, yet the stock fell 7% on the report. The bears were wrong about growth. Here is what a 143 P/E requires, and…
Baidu’s AI Cloud Infra revenue grew 50% last quarter while online marketing fell 19%, and capital spending ran three times operating cash flow. Here is what the August report showed, why the cash pile matters…
The S&P 500 fell 1.6% and the Nasdaq 2.9% as chips slipped into a bear market. Oil, a cooler CPI, IBM’s warning and a Chinese AI model each pulled a different way. Here is what…
Five hyperscalers plan about $700 billion of AI capital spending in 2026. This guide follows the money from TSMC through networking and power, shows where margins and pricing power sit, and names the capex growth…
Nvidia posted $81.6 billion of revenue and $48.6 billion of free cash flow in one quarter, and the stock still slipped. Customer concentration, a China market booked at zero and custom chips explain why the…
Nvidia’s quarterly sales doubled to $96 billion, yet the stock fell on three of its last four reports. At about $222 and 18 times forward earnings, here is what has to go right, a price…