News

Coinbase's Revenue Has Fallen 40% in Five Quarters. Our Last Piece Led With the Mix.

Coinbase booked $1,220M in the June 2026 quarter against $2,034M in March 2025 — down 40.0%, and 46.3% below the December 2024 peak. Three consecutive quarters of year-over-year decline. Our July piece led on bitcoin falling to 12% of revenue, which is true and is a share of a base that has nearly halved.

Costco's Fourth Quarter Is Sixteen Weeks Long. That Is Why Its Revenue Appears to Jump 36% Every Summer.

Three of Costco's quarters run twelve weeks and the fourth runs sixteen. Per week of trading, the 36.3% jump in its last reported quarter is 2.2%.

In February We Named Three Companies That Would Answer the AI Demand Question. Salesforce Is the One We Never Wrote.

Salesforce's revenue growth bottomed at 7.6% and has re-accelerated to 13.3%, its fastest in thirteen quarters, with trailing free cash flow of $14.66B on $42.83B of revenue. Our own Rule of 40 score for the company moved 56 points over those same four quarters and is the worst available place to read any of it — the trailing figure moved five.

Our Coverage

Dell Nearly Doubled Its Revenue and Booked the Thinnest Gross Margin in Its Series in the Same Quarter

Dell's revenue grew 87.5% to $43.8B while gross margin fell to 17.75%, the lowest we hold. The site scores it 95 — above Broadcom, at a quarter of the margin.

Robinhood's Newest Revenue Line Is Now Almost Exactly the Size Its Most Famous One Used to Be

Event contracts booked $156M in the June quarter and crypto booked $100M. The more interesting number is the one a year back: crypto was about $160M, so the new line did not merely overtake the old one — it arrived at roughly 97% of the size the old one used to be.

Our Explainer Prints −884 for One Company. Micron's Newest Filed Quarter Computes to 388. It Is the Same Metric Failing at Both Ends.

Micron's gross margin ran from −32.66% to 84.56% in fourteen quarters. A score built on year-over-year growth reads whatever the price cycle was doing.

Johnson & Johnson's P/E Went 31 to 11 to 23 Without the Market Changing Its Mind. We Published a Chart Doing the Same Thing.

One outsized quarter distorts a trailing P/E twice — once when it arrives, and again four quarters later when it leaves. The second one is invisible, and our own Palo Alto coverage reasoned from it.

P&G's Fastest Growth in Twenty-One Quarters Landed in a Quarter Its Revenue Fell. Both Halves Are Artifacts.

Procter & Gamble's March quarter grew 7.38% year over year and fell 4.38% sequentially. Both are true, from one series. Neither means what it looks like: March always falls, and the year-ago base was the weakest quarter of the run.

Two Segments Named Platform Fell Off a Cliff in the Same Quarter. One Was the Plan, the Other Was a Customer Leaving.

Goldman's Platform Solutions fell 64% and SoFi's Technology Platform fell 23% in the quarter ended 2026-06-30, both inside quarters the rest of the business made look excellent. The declines are the same shape and opposite diagnoses, and the number that separates them is a margin nobody printed.

We Covered PayPal Firing Its CEO, Then Covered a Quarter Under the New One Without Ever Naming Him

Enrique Lores has run PayPal since March 1. Our July piece covered his quarter in detail and never names him. Here is the handover in the numbers.

Uber's Gross Margin Broke an Eleven-Quarter Band by 5.5 Points. Most of That Is an Accounting Change That Took Effect on Day One of the Quarter.

Eleven quarters inside a 1.2-point band, then 45.03%. The 10-Q says why: from January 2, UK driver payments are netted against revenue, not counted as cost.

We Published Four Bank Capital Ratios in One Week. The Highest One Got the Most Sceptical Adjective.

SoFi's CET1 is 18.7% and we called it capital piling up. Bank of America's is 11.2% and we called it real headroom. Both descriptions are correct, and the reason why is the only thing worth knowing about a regulatory ratio.

Alphabet's Rule of 40 Moved Six Hundredths of a Point in a Year. Both Halves Moved More Than Ten.

Alphabet scored 19.29 on the Rule of 40 for the June quarter of 2025 and 19.35 for the June quarter of 2026. Underneath that stillness revenue growth gained 10.44 points and free-cash-flow margin lost 10.38, almost exactly cancelling. The company traded cash for growth close to one for one and the composite recorded nothing — which is a blind spot our own explainer does not list, because a sum cannot show you a trade.

A Prediction Market Priced Robinhood's Own Launch at 24% — One Quarter Later That Line Booked $156M

This site stores one instant of prediction-market pricing. In it, Robinhood's own launch sits at 24%. By the June quarter, event contracts booked $156M.

Meta Fell Below 40 for the First Time in Three Years — Because It Stopped Being the Kind of Company the Rule of 40 Describes

Meta scored 30.83 on the Rule of 40 for the quarter ended June 30, its first reading under 40 since early 2023, and four fifths of the fall came from the cash half alone. The more useful reading is not that Meta failed a threshold but that it is walking out of the window where the metric applies: capex ran at 49.5% of revenue against 34.8% a year earlier.

We Said Micron's HBM Business Wasn't Cyclical Any More. Two Filings Later, Gross Margin Went From 37.7% to 84.6%.

In February we argued Micron's sold-out HBM capacity made it look more like a foundry than a commodity memory maker, then cited that call again in July without ever checking it. The quarter ended 2026-05-28 answers it: revenue up 4.46× year over year while cost of goods rose 10.5%. Our own series stops one quarter short of all of it.

Netflix's Rule of 40 Fell 32 Points in a Quarter. The Margin It Actually Steers On Went Up.

Netflix scored 57.77 on the Rule of 40 for the March quarter and 25.51 for the June quarter. Over the same two quarters its operating margin rose from 32.3% to 33.4% and management guided the September quarter to 33.2% against 28.2% a year earlier. On a trailing-twelve-month basis the score moved three points, not thirty-two. The gap between those two numbers is the article.

In February We Warned That Beating Wouldn't Be Enough. Nvidia Beat, Then Grew Another 20%.

Nvidia beat the consensus our February preview named by 3.9% on revenue and 15.8% on EPS, then grew 20% again the quarter after. Half that call we can grade.

Oracle Burned $23.7 Billion Building the AI Boom. We Wrote the Capex Retrospective and Left It Out.

Our six-month AI capex update built a section around four companies whose free cash flow was cratering. Oracle burned $23.7B in fiscal 2026 — two of those quarters consumed more than 60% of revenue — while revenue growth more than tripled. It was in none of it. Here is the borrower's side of the buildout, and why a company growing 21% scores an 11 on the metric this site is named after.

Both Labels Are Correct and Nothing Joins Them: 22 Scores on This Site Come From an Older Quarter Than Our Own Coverage

The score names its quarter. The article names its quarter. They differ, for two unrelated reasons, on 22 of the 66 companies we track. Nothing joins the two.

Our Own Explainer Says the Rule of 40 Captures Stock Compensation 'Not Perfectly'. Here Is How Imperfectly.

The four companies our Rule of 40 explainer holds up as the metric working properly pay between 14.5% and 21.5% of revenue in stock-based compensation. Subtract it and two of the four fall below 40. Between a third and four fifths of the free cash flow making up the profitability half of those scores is matched, in the same quarter, by stock issued to employees.

SoFi Did Not Join the S&P 500 in March. We Made the Case Twice and Asked Whether It Would — and Named the Company That Took the Slot.

S&P Dow Jones Indices added Vertiv, Lumentum, Coherent and EchoStar to the index effective March 23. SoFi was not among them, and as of the June changeover it still is not in. Our February coverage rested on prediction-market odds and a retail poll; SoFi has since grown revenue 43% year over year while its market capitalisation fell.

Unity's Best Rule of 40 in Years Came Out of the Quarter Its Gross Margin Fell to 31%

Unity reports Q2 2026 on August 5 carrying the largest Rule of 40 improvement on this site in the sectors the metric describes — minus 3.83 to 29.77 in a year. The same quarter that produced it had a 30.81% gross margin and a $0.80 loss per share, because cost of revenue tripled on a $227 million impairment. Both facts are in the same 10-Q, and the score contains neither of them.

In February We Told You What Wall Street Expected From Walmart. Here Is What Happened — and Why Our Own Data Would Have Said It Missed by 27%.

Walmart's quarter ended 2026-01-31 printed $190.7B of revenue against a ~$189B consensus and adjusted EPS of $0.74 against $0.73 expected. Both were beats. Our stored earnings series says $0.53, because it is GAAP and the consensus was adjusted — a $0.21 gap that is entirely a net loss on equity investments, and which a year earlier was one cent.

AMD Reports Q2 on August 4, and the Number That Looks Like a Stall Isn't One

AMD's revenue went flat quarter-on-quarter in Q1 2026 — $10,270M to $10,253M — while free cash flow kept climbing. Read against AMD's own seasonality, that flat quarter is the strongest sequential Q1 in four years, and the real question going into the August 4 print is a different one: gross margin gave back a point while cash conversion hit a series high.

We Said Buffett's Apple Selling Was the Statement. Apple Then Became the Most Valuable Company in the World.

In February we argued that Warren Buffett quietly selling down two-thirds of his Apple stake was itself the argument. Five months later Apple overtook Nvidia to become the most valuable company on earth — and we never wrote the follow-up. Berkshire reports Monday, for the third time under a different CEO, and the number most likely to be misread is its earnings per share.

We Covered Hims Four Times in Eight Days, Then Went Quiet for Six Months. It Reports Monday.

In February we published four pieces on Hims & Hers in eight days — an FDA reversal, a DOJ referral, a Novo Nordisk lawsuit, a stock down 75% — and then nothing. Ahead of the August 3 print, here is what the numbers did in the meantime, and an honest account of which questions we still cannot answer.

Our Rule of 40 Score for Palantir Is Five Quarters Stale — and the Business Nearly Doubled Since

r40 scores Palantir 99 on the metric this site is named after. That number is computed from Q4 2024, when Palantir booked $828M in a quarter. It now books $1,633M, and revenue growth alone has gone from 36.2% to 84.7%. Here is what the score is missing, why it is stuck, and the eight other tickers with the same problem.

AbbVie Q2 2026: Skyrizi and Rinvoq Keep Compounding — Stock Falls on a Narrow EPS Miss

AbbVie beat revenue estimates as Skyrizi and Rinvoq grew over 24% each, but adjusted EPS missed by 6 cents and full-year guidance came down, sending shares down nearly 5%. We break down the immunology growth story against the near-term guidance drag.

Chevron Q2 2026: Profits Nearly Quadruple as Middle East and Venezuela Turmoil Send Oil Prices Soaring

Chevron reported $12.1 billion in Q2 2026 earnings — nearly four times last year's profit — as Middle East conflict and Venezuela supply disruption pushed Brent crude up 53%. Record US production, record refining throughput, an 18.1 billion dollar free cash flow haul, and a new 20-year Microsoft power deal for a West Texas AI data center rounded out a blowout quarter.

Datadog: Growth Reaccelerated to 32% Last Quarter — Q2 2026 Earnings Land August 6

Datadog's Q1 2026 revenue growth accelerated to 32% year-over-year on record new-logo bookings and rising AI-observability demand, and shares jumped roughly 30% on the print. Q2 2026 results, due before the open on August 6, are the next test of whether that acceleration holds.

Occidental (OXY): Oil-Price Spike Meets the Buffett-OxyChem Cleanup Ahead of August 5 Earnings

Occidental hasn't reported Q2 2026 yet, but its pre-earnings 8-K already shows a $96.78/barrel realized oil price on the same Middle East/Venezuela supply-shock tailwind lifting Chevron and Exxon this quarter — layered on top of a new CEO, a completed $9.5 billion OxyChem sale to Berkshire Hathaway, and an aggressive debt-paydown push.

SpaceX (SPCX): What We Know Before Its First Earnings Report as a Public Company

SpaceX IPO'd in June at a $1.77 trillion valuation, the largest offering in history — and the stock is now down roughly 50% from its post-IPO peak, trading below the IPO price itself. Its first earnings report lands August 4. Here's the full picture: the business split, the valuation debate, and the two dates that matter most.

Uber Heads Into Q2 2026 Earnings on August 5: Ads Scale, AV Bets Multiply, GAAP EPS Stays Noisy

Uber reports Q2 2026 results on August 5. The core story — record free cash flow, a fast-scaling advertising business, and a capital-light bet across roughly 30 autonomous-vehicle partners — is strong, even as GAAP EPS keeps swinging on non-cash equity-investment revaluations. Here's what to watch.

Block (XYZ): The AI-Efficiency Rebound Faces Its Next Test on August 5

Block has erased a 39% drawdown in five months on an AI-driven efficiency story — profit growing twice as fast as gross profit after Jack Dorsey's early-2026 layoffs. Q2 2026 earnings, expected around August 5, are the next checkpoint.

Apple Q3 FY2026: Tim Cook's Final Quarter as CEO — a Beat That Still Cost Investors Billions

Apple beat on revenue and EPS, grew iPhone sales 22%, and posted its best June quarter ever — then fell more than 6% after hours on weak guidance and Tim Cook's warning about a 'hundred-year flood' in memory chip supply. In his final earnings call as CEO, the real story was what came next, not the quarter itself.

Amazon Q2 2026: AWS Reaccelerates to 37% Growth, Stock Jumps 8%+ After Hours

Amazon posted record operating income and its fastest AWS growth in over four years, sending shares up more than 8% after hours, even as Q3 revenue guidance landed below consensus. We break down the real quarter underneath the Anthropic-inflated headline EPS.

Coinbase Q2 2026: Bitcoin Is Down to 12% of Revenue — and the Stock Still Fell on the Miss

Coinbase missed on both trading and subscription revenue as crypto markets cooled, sending shares down roughly 5-7%. But the real story is structural: bitcoin-related revenue has collapsed to just 12% of the business, down from over half historically, as subscriptions, stablecoins, and derivatives take over.

Mastercard Q2 2026: Beat and Raised Margins — Stock Barely Moves

Mastercard beat on revenue, EPS, and margin, with value-added services growing 20%, and the stock traded roughly flat while American Express fell 6% the same week. We break down why network scale keeps compounding quietly.

The AI Capex Bet, Six Months In: What the Mag 7 Actually Spent (and What the Market Learned)

Our February call was a $700B AI capex arms race. Six months and a full Q2 earnings season later, actual guidance has blown past that number, free cash flow is cratering at multiple hyperscalers, and the market has started rewarding capex very differently depending on who's spending it. Here's what changed.

Nebius and IREN: How Two AI Infrastructure Highfliers Fell 40–60% From Their Highs

Six months after we called Nebius a hypergrowth capex machine, both Nebius and IREN have fallen sharply from their 2026 peaks — hit by the same Meta cloud-competition shock and a hawkish, geopolitically rattled macro tape. We compare the drawdowns and the rumored contracts each is chasing next.

Sandisk Heads Into Q4 FY2026 Earnings After a Record Quarter and a Brutal July Selloff

Sandisk's fiscal Q3 2026 revenue surged 251% on AI-driven datacenter SSD demand, but the stock has since round-tripped from a 1,000%+ post-spinoff run to a 55% peak-to-trough plunge and back. We preview the August 5 Q4 report and the NAND-pricing debate at the center of the swings.

Carvana Q2 2026: Record Everything — Revenue, Profit, Units — and the Stock Still Fell 20%

Carvana posted its most profitable quarter ever with revenue up 52% and record retail units sold, then fell more than 20% after hours because full-year EBITDA guidance and vague Q3 unit guidance missed the bar. We break down why a record quarter still spooked the market.

Robinhood Q2 2026: A 38% EPS Beat, Record Revenue — and Still a Two-Day Slide

Robinhood crushed Q2 2026 estimates with record revenue and a 48% YoY EPS jump, then fell in after-hours trading and again the next morning. We unpack the crypto slowdown, the cautious guide, and the Fed-day tape that made it worse.

Lemonade Q2 2026: The Numbers Were Fine. A CFO Transition Wasn't — Stock Down 24%

Lemonade beat on revenue and held its Q4 2026 profitability target, but shares cratered nearly 24% after a same-day announcement that longtime CFO Tim Bixby is moving to the board. We separate the real news from the panic.

Meta Q2 2026: Revenue Beat, Profit Fell 14%, Free Cash Flow Cratered — Stock Down 9%

Meta grew revenue 28% but profit fell 14% and free cash flow collapsed to $784M as AI capex hit $31B for the quarter. Zuckerberg fielded questions about starting a cloud business live on the call. We break down the numbers and the AI-spending standoff with Wall Street.

Microsoft Q4 FY2026: Azure Hits 43% Growth, Stock Jumps 8.9% — the Hyperscaler That Got It Right

Microsoft beat on every major line, Azure grew 43% and crossed $100B in annual revenue, and the stock rose nearly 9% the same week Alphabet and Meta fell on their own capex numbers. We unpack the real beat, the accounting nuance behind 'lower' capex, and why the market treated Microsoft differently.

SoFi Q2 2026: Record $1.22B Revenue, Guidance Raised — Stock Falls 10% Anyway

SoFi beat Q2 2026 estimates with record revenue, record originations, and a raised full-year revenue outlook — then the stock sank 10% because profit guidance didn't move. We break down the disconnect.

News Jul 28, 2026

Coca-Cola Q2 2026: World Cup Boost Drives a Beat, Full-Year Guidance Raised, Stock Hits an All-Time High

Coca-Cola grew revenue 7% and EPS 16% in Q2 2026, beating estimates on both lines as its FIFA World Cup 2026 marketing campaign drove volume growth. New CEO Henrique Braun's first quarter at the helm ended with raised full-year guidance and a fresh all-time high for the stock.

News Jul 28, 2026

PayPal Q2 2026: Volume Beats, Guidance Raised, Margins Slip — Stock Shrugs

PayPal grew total payment volume 9% and raised full-year guidance, but non-GAAP operating income fell 8% and EPS slipped as the company reinvests into its commerce pivot. The stock barely moved. We unpack why Venmo and Braintree matter more than the headline miss.

News Jul 28, 2026

Visa Fiscal Q3 2026: Payments Volume Crosses $4 Trillion — Then the Company Cut Jobs

Visa beat estimates, raised full-year guidance, and crossed $4 trillion in quarterly payments volume for the first time ever, then booked a $563M severance charge and cut mostly tech roles the same day. The stock slipped anyway on a new FX warning. We break down the quarter.

News Jul 23, 2026

Intel Q2 2026: Best Revenue Quarter in 15 Years — and an $11 Billion GAAP Loss

Intel beat non-GAAP EPS estimates by 2x and grew revenue 25%, its fastest pace since 2011, then reported an $11 billion net loss driven almost entirely by a mark-to-market charge tied to the U.S. government's CHIPS Act equity stake. We unpack the accounting and the real business underneath it.

Alphabet Q2 2026: Cloud Grew 82% and Margins Expanded — Stock Fell 7% Anyway

Alphabet beat every headline number — revenue, Cloud growth, margins — and still fell from $374 to $320 in two days on a record capex bill, a $1B EU fine, and an EPS number inflated by one-time gains. We separate the real signal from the noise.

ServiceNow Q2 2026: A Beat That Cleared the Real Bar, Not Just the Official One

ServiceNow fell 6.5% before earnings on sector-wide AI anxiety, then rallied 5% after beating every guided metric and crossing $1 billion in AI annual contract value. We unpack why this beat was solid rather than spectacular once measured against what sophisticated investors already expected, and how it differs from April's guidance-cut crash.

Tesla Q2 2026: Record Revenue, Record Deliveries — Stock Falls 14% on Margin Collapse

Tesla beat on revenue and delivered a record 480,126 vehicles, but auto margins fell to 16%, free cash flow turned negative for the first time in over two years, and capex jumped 142%. The stock fell 14% as the market weighed the cost of the robotaxi and AI pivot.

Vertiv Q2 2026: Guidance Raised, EPS Beat — Stock Falls on a Revenue Timing Miss

Vertiv beat EPS estimates and raised its full-year outlook to $14B in revenue, but a Q2 top-line miss tied to supply-chain and project timing sent shares down double digits. We unpack why this looks like an execution wrinkle, not a demand problem, for one of the AI data-center buildout's key suppliers.

News Jul 21, 2026

Charles Schwab Q2 2026: Record Revenue, Guidance Raised — Stock Fell Anyway

Schwab posted record revenue, beat EPS estimates, and raised full-year guidance without changing its rate assumptions — the growth came entirely from trading, lending, and new revenue lines. The stock fell 2.5% anyway, which Morgan Stanley calls a mispricing of a genuinely diversifying business.

News Jul 21, 2026

Super Micro Books $60 Billion in New Orders — Even as Full Q4 Revenue Lands Near the Low End

Supermicro's preliminary Q4 FY2026 update showed revenue tracking near the low end of guidance, but gross margins nearly doubled and new orders topped $60 billion, sending shares sharply higher. We break down what the record backlog means for the AI server buildout — and the export-control cloud still hanging over the stock.

News Jul 16, 2026

Netflix Q2 2026: The Numbers Were Fine — the Disclosure Cut Wasn't. Stock Hits 52-Week Low

Netflix beat EPS, beat margin guidance, and bought back a record $4.7B of stock — then fell 9% because it announced its engagement report is going from twice a year to once. We unpack the 'trust gap' driving the reaction.

News Jul 14, 2026

Bank of America Q2 2026: EPS Up 34%, Every Segment Firing — Stock Barely Moves

BAC delivered one of its strongest quarters ever, with EPS up 34% and every business segment posting double-digit net income growth. The stock rose less than 2% because Wall Street had already priced in the beat.

News Jul 14, 2026

Goldman Sachs Q2 2026: Record Revenue, EPS Up 92% — And the Stock Got the Memo

Goldman Sachs posted record net revenue, record EPS, and record equities trading, and the stock jumped 9% — the sharpest reward of any big bank this earnings season. We break down why, and what it says about the AI capex cycle.

News Jul 14, 2026

JPMorgan Q2 2026: Record $21.2B Profit — and Dimon Warns It 'Feels Like 2007'

JPMorgan posted the largest quarterly profit in U.S. banking history, beating EPS estimates by 33%. In the same breath, Jamie Dimon warned markets are showing the exuberance of 1972, 1986, 2000, and 2007. We break down the numbers and the warning.

News Jun 3, 2026

Broadcom Q2 FY2026: AI Revenue Grew 143%, Guided to Grow 200%+ Next Quarter — Stock Still Fell

Broadcom beat Q2 estimates and guided Q3 AI semiconductor revenue to more than double year-over-year, yet shares fell as much as 13% because the top end of revenue guidance came in well below the most bullish estimates. We break down the AI custom-silicon story driving both the growth and the volatility.

News Jun 3, 2026

CrowdStrike Q1 FY2027: Record Net New ARR, Raised Guidance, and a First-Ever Stock Split

CrowdStrike's fiscal Q1 2027 revenue grew 26% to $1.39 billion and net new ARR hit a record $256 million, prompting management to raise full-year ARR growth guidance and the board to approve the company's first-ever stock split. We break down the numbers, the AI-security narrative, and the ongoing recovery from the July 2024 global outage.

News May 28, 2026

Dell Q1 FY2027: AI Server Revenue Grew 757% to $16.1B, Stock Posts Its Best Day Ever

Dell Technologies blew past estimates in Q1 FY2027, with AI server revenue up 757% year-over-year to $16.1 billion on a record $24.4 billion of AI orders booked. Shares surged roughly 32% the next session — Dell's best trading day on record — after management raised full-year guidance and lifted its FY2027 AI server revenue outlook to $60 billion. We break down what the quarter means for the broader AI infrastructure buildout.

News May 27, 2026

Marvell Q1 FY2027: Record Revenue on Custom AI Silicon, Nvidia Calls It a Future Trillion-Dollar Company

Marvell posted record fiscal Q1 2027 revenue of $2.42 billion (+28% YoY) on surging custom AI XPU demand, beat on non-GAAP EPS, guided Q2 higher, and expanded its Nvidia collaboration on custom silicon and optics. We break down how Marvell fits alongside Broadcom in the custom-ASIC side of the AI capex story.

Apple Just Posted Its Best Quarter Ever. Buffett Kept Selling.

Apple posted a record $143.7B quarter with 16% revenue growth. Buffett sold another 10.3M shares. The FTC is circling. And the stock is down 8% from its January highs. Something doesn't add up.

Carvana Reports Tonight With a $1B Accounting Cloud Hanging Over It

Carvana reports Q4 earnings today down 27% from January highs. Gotham City Research alleges $1B in inflated earnings through related-party deals with DriveTime. The SEC is sniffing around. Wall Street still sees upside.

Palo Alto Beat on Everything. The Stock Dropped 6%.

Palo Alto Networks crushed Q2 estimates with $2.6B revenue, 33% NGS ARR growth, and $25B in acquisitions. Wall Street punished weak Q3 EPS guidance — but the revenue acceleration tells a different story.

PayPal Fired Its CEO, Missed Earnings, and a Senator Bought the Dip

PayPal stock is down 31% in 2026 after a brutal Q4 miss, a CEO firing, and weak guidance. A senator's suspiciously timed buy adds intrigue to the wreckage.

Walmart Reports Tomorrow as the World's First $1 Trillion Retailer

Walmart reports Q4 FY2026 earnings on February 19 with a $1 trillion market cap and 75% of share gains coming from $100K+ households. Here's what to watch.

Coinbase Lost $667M Last Quarter. The Stock Rallied 16%.

Coinbase missed on revenue and earnings, posted its first loss in two years, and the stock had its best day in months. Here's what Wall Street sees that the headline doesn't show.

DoorDash Reports Today Down 28%. Wall Street Still Says Buy.

DoorDash reports Q4 2025 earnings on Feb 18 after a brutal 28% selloff. Analysts expect $3.97B revenue and $0.58 EPS — but the real story is whether Deliveroo and retail expansion can justify a stock trading at 15x forward EBITDA.

Cathie Wood Just Bet $50M on Robinhood While Wall Street Runs for the Exits

ARK Invest poured over $50 million into HOOD in February alone — its biggest single-stock bet of 2026. Five analysts cut their price targets. Someone's very wrong.

Nvidia Reports Next Week. Wall Street Has Never Been This Confident.

Nvidia's Q4 FY2026 earnings drop February 25. Analysts expect $65.6B in revenue and $1.52 EPS — but the stock is flat in 2026. Here's what the numbers say and what could go wrong.

Vertiv's Orders Just Grew 252%. The AI Infrastructure Supercycle Has a Receipt.

Vertiv posted 252% order growth, a $15B backlog, and 2.9x book-to-bill. The AI capex wave isn't slowing down — it's accelerating.

Cisco's AI Networking Bet Is Paying Off — Wall Street Doesn't Care

Cisco posted record revenue, $2.1B in AI orders, and beat on every line. The stock dropped 7%. Here's why the market is missing the story.

Lemonade Q4 2025 Earnings Preview: AI Insurance Has a Profitability Problem

Lemonade reports Q4 on February 19. Loss ratios are falling, revenue is surging 42%, and the stock is still down 31%. Here's what to watch.

Micron Just Sold Out Its Entire 2026 HBM Capacity

Micron's HBM4 enters volume production ahead of schedule, 2026 capacity is 100% sold out, and the stock hit a record $410. Here's what it means for the AI memory race.

Nebius Just 6x'd Its Revenue. Wall Street Yawned.

Nebius posted 547% revenue growth in Q4 2025 and guided $3-3.4B for 2026. But $16-20B in planned capex has investors wondering: is this the next AWS or the next WeWork?

ServiceNow Is Down 45% While Beating Every Estimate. The Market Is Scared of the Wrong Thing.

ServiceNow beat on revenue, EPS, and guidance — then lost half its value. The SaaS-is-dead narrative is overblown. Here's why.

UnitedHealth's First Revenue Decline in Decades. The $439B Guidance Problem.

UnitedHealth guided 2026 revenue to $439B — down from $448B in 2025. It's the company's first annual revenue decline in decades, and the stock is paying for it.

Unity Beat Earnings and Crashed 34%. Here's Why.

Unity posted its best quarter in years — record Vector growth, Create stabilizing, stock comp slashed. Then the stock dropped 34% on soft Q1 guidance. Value trap or gift?

News Feb 14, 2026

Intel's Supply Paradox: Record CPU Demand Meets Empty Shelves Under Lip-Bu Tan

Intel CEO Lip-Bu Tan says every CEO is calling for more chips. Buffer inventory is depleted, 18A is shipping, and server CPU prices are rising 10%. The supply problem might be Intel's best problem in a decade.

News Feb 14, 2026

IREN Joins the MSCI USA Index. A Year Ago It Was a Bitcoin Miner.

IREN gets added to the MSCI USA Index effective Feb 27, capping a 206% rally and a complete pivot from Bitcoin mining to AI infrastructure with a $9.7B Microsoft contract.

News Feb 14, 2026

Netflix Hits 52-Week Low at $79 as Warner Bros Deal Drama Drags On

Netflix stock dropped 42% from its June 2025 peak, hitting fresh 52-week lows near $79. The culprit isn't the business — it's the $83B Warner Bros Discovery acquisition and everything that comes with it.

Bill Ackman Drops $2B on Meta, Calls It 'Deeply Discounted'

Pershing Square reveals 10% position in Meta, betting AI fears have created a bargain entry into one of tech's greatest businesses.

Amazon's $200B AI Bet Triggers Worst Selloff in a Year

Amazon stock drops 16% over seven days as massive capex guidance spooks investors. Bill Ackman's Pershing Square sees opportunity.

HIMS Perfect Storm: FDA, DOJ, and Novo Nordisk Close In — Stock Down 75% From Highs

Hims & Hers faces a triple regulatory and legal assault. FDA crackdown, DOJ criminal referral, and now a Novo Nordisk patent lawsuit have cratered the stock from $68 to $17 in weeks. We break down the compounding threats.

Robinhood Q4 2025: Record $1.28B Revenue, $1.9B Annual Profit — The SuperApp Era Begins

Robinhood delivered record Q4 revenue of $1.28B, beat EPS estimates, and crossed $333B in assets under custody. The meme stock app is now a profitable fintech giant. We break down the numbers and what's next.

News Feb 11, 2026

Robinhood Launches Ethereum L2 Testnet — Building the Rails for Tokenized Finance

Robinhood Chain goes live on public testnet, marking a major step toward onchain equities, ETFs, and 24/7 programmable trading. Built on Arbitrum Orbit with partnerships across Chainlink, LayerZero, and Alchemy.

News Feb 11, 2026

Shopify Q4 2025: $3.67B Revenue Beat, $2B Buyback — So Why Is the Stock Down?

Shopify beats on revenue and GMV, announces $2B buyback, guides to 30%+ Q1 growth — but the stock drops 9%. We break down what spooked investors and why the selloff may be overdone.

News Feb 10, 2026

Robinhood Q4 2025 Earnings: What X Is Saying Ahead of Tonight's Report

Pre-earnings X sentiment on Robinhood shows cautious optimism. Traders focused on prediction markets, UK ISA launch, and comparisons to high-margin scalers like Palantir.

News Feb 10, 2026

Upstart's Quiet Revolution: Paul Gu Takes the Helm

Dave Girouard steps aside as CEO, handing the reins to co-founder Paul Gu. A $3.9M insider buy months earlier tells the real story.

News Feb 10, 2026

Upstart Q4 2025 Earnings: AI Lending's Turnaround Quarter?

Pre-earnings analysis on Upstart ahead of Q4 2025 results. EPS estimates at $0.46, revenue at $288M. The turnaround thesis faces its biggest test yet.

News Feb 9, 2026

Robinhood's February Dip: Gift or Trap? HOOD Surges 14% After Crypto-Driven Selloff

HOOD dropped to $85 on crypto fears, then ripped 14% in a single day. With earnings tomorrow and a fresh $125 price target from Wolfe, was the dip unmissable?

News Feb 9, 2026

SoFi's Post-Earnings Crash: Was the 17% Dip a Gift? Noto 'Takes It Personal'

SOFI crashed 17% after a record $1B quarter. Then CEO Noto dropped a 50-minute interview calling out bears and hinting at acceleration. Fresh $30 target from Citizens says the selloff was overdone.

News Feb 9, 2026

SOFI: S&P 500 Inclusion — March 2026 the Date?

SoFi meets all eligibility criteria with 9 profitable quarters and $25B+ market cap. Prediction markets show 53% odds for March 20 inclusion.

News Feb 8, 2026

Tesla's Robotaxi Fleet Is Growing Quietly — And the Numbers Are Starting to Matter

280 active robotaxis, unsupervised rides in Austin, and a cost-per-mile target that undercuts everyone. Tesla's autonomous fleet is scaling faster than headlines suggest.

News Feb 6, 2026

Amazon Q4 and Full Year 2025 Earnings Analysis

Amazon reports solid Q4 with 24% AWS growth, but $200B 2026 capex guidance spooks investors on free cash flow concerns.

News Feb 6, 2026

HHS Refers Hims to DOJ for GLP-1 Drug Investigation

HHS refers Hims & Hers to the Department of Justice over potential violations related to compounded GLP-1 weight-loss drugs. Here's what we know and what it means.

News Feb 6, 2026

The $700B AI Bet: Inside the Mag 7's Record 2026 CapEx Arms Race

The Magnificent Seven are set to spend $700B+ on AI infrastructure in 2026, up 60% from 2025. We break down who's spending what, the supply chain winners, and why the market is spooked.

Affirm Q2 FY2026 Earnings Preview: The BNPL Turnaround Story Wall Street Is Still Underpricing

Analysts expect $0.28 EPS but keep missing Affirm's turnaround — last two quarters beat by 80-130%. Holiday quarter could surprise again.

Amazon Q4 2025 Earnings Preview: Why Wall Street Keeps Underestimating Bezos's Machine

Wall Street expects $1.97 EPS but has underestimated Amazon by 24% on average over 11 quarters. AWS and ads should drive another beat.

HIMS Enters Cancer Diagnostics with $250 Galleri Test

Hims & Hers launches the Galleri multi-cancer early detection test at 74% off list price. Here's what it means for the stock.

Hims Launches $99 GLP-1 Pill, Undercuts Novo Nordisk by 90%

Hims debuts compounded oral semaglutide at $49-99/month vs $936+ for branded. But without Novo's patented SNAC absorption tech, critics call it a 'waste of $49.' The science and market implications.

News Feb 8, 2025

FDA Reversal on Semaglutide Pill Compounds: What It Means for HIMS

The FDA's sudden reversal on compounded semaglutide pills creates new uncertainty for Hims & Hers Health's GLP-1 business.