amit

ANTHROPIC COMMITS TO SPENDING $200B ON GOOGLE CLOUD AND CHIPS OVER THE NEXT 5 YEAR — THE INFORMATION

Google $GOOGL is now the most valuable company on Planet Earth, overtaking $NVDA Nvidia. Source: amit

$NVDA legit carrying the market today 😂Source: amit

what type of pump and dump are the market makers doing with big tech today after earnings 😂

$META worst day since October 2025

$MSFT back to $400

$AMZN quickest $14 reversal I’ve ever seen

$NVDA taken down below $200

looks like $GOOGL is the market’s favorite holding onto it’s +5%

pretty crazy swing from yesterdaySource: amit

$TSLA 

TESLA DELIVERS A TRIPLE BEAT.

GROSS MARGINS 21% vs 17%
REVENUE 22.39B vs $22.19B
EPS $0.41C vs $0.34C 

Seems like the most important part from the deck is Elon's ambitions around building the largest chip fab ever: Source: amit

THE NASDAQ ENDS FRIDAY WITH A 13 DAY WINNING STREAK, THE LONGEST SINCE 1992.

Since March 30th:

$QQQ +16%
$SPY +12%
$IWM +15%
$BTC +18%

We go through the pain, no matter how ugly it may be, to eventually see these types of days. Source: amit

Ugly day for two big retail names, $SOFI & $HOOD.

Amazing day for the AI Infra plays that continue to crush earnings like $BE $STX $NXP.

I think the broader question here, at this stage of the rally from the lows, is do you think there is an opportunity cost at being in a loser and transitioning it for a winner.

The loser, if the company is doing well, usually gets the dip buy because the price is a better bargain.

This market is rewarding the winner, even if the earnings multiple is massive (like Intel) or there barely are any earnings (like Bloom) as long as the trajectory continues to show that they will keep winning.

So, would you sell all your $SOFI to buy a $SNDK or $MU here?   

I’m not sure many would, but so far fintech and software have continued to dip even with good earnings as the market simply has rotated to companies that keep putting up strong numbers.

Just not sure many have the stomach to buy a chart up 3-4x YTD and sell their bags in fundamentally strong companies just to be in the current winning trade.Source: amit

Stocks are down big this morning on a WSJ report that OpenAI missed internal revenue targets at the end of 2025.

Few thoughts on why this might not be as bad as it is being interpreted:

- Part of the reason OpenAI did not meet its revenue backlog is because they did not have the proper compute needs. Jassy, Dario, and Altman have all said if they have more compute, they could grow faster. The bottleneck of energy/power/land seems to be a much bigger story than “missing revenue targets” because if the compute constrains are the reason for the miss, that’s an issue with supply, not demand.

- Maybe OpenAI missed internal forecasts because of $GOOGL and Anthropic seriously beginning to take marketshare. If that is true, that is NOT bearish semis/ai, that is more bearish OpenAI. The compute will just shift from OpenAI spending to Anthropic and Google spending. So, if OpenAI cancels a datacenter, it’s bad for the parties involved but if Google ends up taking up that datacenter, the same money continues to be spent on all the different providers that go into building out that compute. 

- $SOXX just did 18 green days in a row. It was looking for ANY reason to sell off. Obviously some names have just gotten way ahead of themselves, for example $ARM, which began to trade at 70 p/s. The WSJ article may have been what was needed to give a reason to a selloff which quite frankly did not need a reason after the run it’s had.

Overall, feels more like a general headline about a company not fully living up to its expectations vs a systematic issue around compute constraints. 

Big Tech reports on Wednesday and all eyes will be on what they have to say around capex, roi, growth, and more.

$NVDA $AMD $MSFT $META $ORCLSource: amit

$PLTR

PALANTIR Q1 2026 EARNINGS: 

- Revenue of $1.63B, +85% YoY
- U.S. Revenue of $1.28B, +104% YoY
- GAAP Net Income of $871M, 53% margin
- Rule of 40 of 145%
- Increasing FY 26 guide from 61% to 71% growth

Palantir is redefining what it means to dominate in the age of AI. Source: amit

today seems like the most bearish 2% move on the S&P I have seen in a while

no one believes this 😂Source: amit

ANTHROPIC: MORE THAN 1 MILLION PEOPLE A DAY ARE NOW SIGNING UP FOR CLAUDE

really feels like when the world first began to discover the internet in the early 2000s

decades later, we are still at only 70% of the global population using the internet daily

so, so early for aiSource: amit

So this Elon/OpenAI lawsuit…

Elon is looking for $134B in damages.

Let’s say he wins. OpenAI just raised $122B.

Most of that money will be going to $AMD, $NVDA, $ORCL, $AMZN, etc. to pay for their compute needs.

The only possible way to pay Elon would be to give him stock…

If Elon gets $134B on a company that will likely IPO at $1T, then he will effectively get 10% of the company 🤯

This is going to be the biggest high profile trial we have seen in decades for tech.Source: amit

$AMZN ATH 

majority of FinX is long this one so it’s gotta feel good…hopefully earnings takes out of the current $240-$255 range and Amazon attempts to go for $300 this year

stock is still cheapSource: amit

I feel like the people really worried about “buying the dip” today are people that are sitting in majority cash.

I don’t think $AMD is the most amazing dip ever down from $350 to $320 after it went up from $195. Maybe Lisa Su crushes and it gets back up there, but it requires a catalyst now vs the general market momentum that brought all of the semiconductor names up. 

I also don’t think $NVDA from $217 to $210 is some huge dip opportunity when it’s up from $165. 

But, if you don’t think you will get another opportunity to buy $AMD lower, I can understand rushing to buy in. It’s just the risk could be more skewed vs the reward because again, the name has had a massive run. 

$AMKR just demolished earnings but it’s down because it was up 80% YTD into the print.

$MRVL is down 9% but is up 74% YTD.

Same story with $ARM, $CLS, $AVGO, and so many more names.

Maybe you have to nibble if you are only in cash but it seems like one of those days to just chill and not be super greedy given every overbought name is just doing what an overbought name does…which is pullback.Source: amit