Edge Alpha Labs

Independent research on markets, AI & technology. We track catalysts, capital, companies and emerging technologies to find the signals that matter. Publisher of

[Edge Alpha Labs @EdgeAlphaLabs]

🚨 $NVDA POLL: Where does Nvidia close August 2026?

Earnings drop Aug. 26, and expectations are already HIGH. 👀

Vote first. Then tell me why 👇

$NVDA $AMD $AVGO #Nvidia #AI #AIStocks #Earnings

[Edge Alpha Labs @EdgeAlphaLabs]

Interesting recap @amitisinvesting

$SNDK

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. SanDisk $SNDK laid out its investor day targets, guiding for mid-to-high teens revenue growth, roughly 80% non-GAAP gross margins, and about 50% adjusted free cash flow margins. The company also expects to return 100% of excess cash to shareholders. SanDisk highlighted its HBF technology as a potential major efficiency unlock for AI inference, saying internal testing showed 1 HBF GPU could run the same model that required 8 HBM GPUs, implying 8x CapEx efficiency, while 4 HBF GPUs matched the token output of 8 HBM GPUs, implying 2x GPU efficiency. $SNDK was up 14%.

2. U.S. PPI came in slightly cooler on the headline number, rising 4.7% YoY versus 4.9% expected and 0.0% MoM versus 0.2% expected. Core PPI was mixed, rising 4.2% YoY versus 4.1% expected, but only 0.2% MoM versus 0.3% expected. Initial jobless claims came in at 209K versus 202K expected, while continued claims were 1.777M versus 1.794M expected.

3. Norway’s $2.3T sovereign wealth fund, the world’s largest, generated a record $184.3B profit in H1 2026. The fund returned 9.4% over the period, with its 72.1% equity allocation up 13.0%. In Q2 alone, the portfolio gained 11.5%, its strongest quarter since Q2 2020, led by equities returning 16.0% as AI-related names drove performance. Nvidia $NVDA remained the fund’s largest holding at the end of H1, followed by Microsoft $MSFT and Apple $AAPL. Norway’s fund now owns roughly 1.5% of all publicly listed companies globally and has become one of the world’s largest institutional investors in AI-related stocks.

4. OpenAI’s annualized revenue has reportedly topped $40B, roughly doubling its run rate from the end of 2025, according to Bloomberg. July run-rate revenue rose more than 20% MoM, driven by strength in Codex, subscriptions, and early ad sales, highlighting how quickly OpenAI’s monetization is scaling across both consumer and business lines.

5. Reddit $RDDT is set to join the S&P 500 before the open on August 18, replacing AvalonBay Communities $AVB. AvalonBay is being acquired by Equity Residential $EQR, with the combined company expected to remain in the index under the new name Vivmark Residential $VMRK. S&P Dow Jones Indices also announced that Sun Communities $SUI will join the S&P MidCap 400 before the open on August 20, replacing Webster Financial $WBS, which is being acquired by Banco Santander $SAN.

6. The top 10 most active options today by contracts traded were $NVDA with 2.4M contracts, $TSLA with 2.0M contracts, $SPCX with 1.2M contracts, $MU with 1.0M contracts, $AAPL with 881K contracts, $INTC with 863K contracts, $SMCI with 843K contracts, $NFLX with 681K contracts, $PLTR with 625K contracts, and $AMZN with 600K contracts.

7. Ondas $ONDS reported Q2’26 revenue of $83.8M, beating estimates of $68M and up 67% QoQ. Adjusted gross margin came in at 50.4%, while adjusted EBITDA was -$50.6M versus -$32M expected. Backlog reached $613M, or $757M pro forma including DZYNE and Cyberhawk, with $175M of new orders in Q2 and another $105M already in Q3 to date. Ondas raised FY26 revenue guidance to $525M–$550M versus $509M expected and guided Q3 revenue to $140M–$155M. The company also pulled forward its profitability timeline, now targeting platform-level adjusted EBITDA profitability by Q4 2026 and company-wide profitability by Q4 2027. Key wins included a $52.9M lethal unmanned strike order, more than $240M of captured orders under a $982M Army IDIQ program, and NASA raising its Stratollite IDIQ ceiling from $45M to $395M.

8. Nu Holdings $NU reported Q2’26 revenue of $5.51B, beating estimates of $5.23B, up 50.3% YoY. Diluted EPS came in at $0.216 versus $0.20 expected, while net income rose 66.8% YoY to $1.06B. Gross profit increased 51.6% YoY to $2.35B, total assets grew 31.9% YoY to $82.75B, and total interest income and gains reached $4.76B, up 52.1% YoY. On the balance sheet, deposits rose 23.7% YoY to $45.33B, credit card receivables increased 42.1% YoY to $21.49B, loans to customers grew 43.8% YoY to $11.32B, and total equity reached $13.25B.

9. Elon Musk disclosed ownership of 6,418,547,515 SpaceX $SPCX shares in a new SEC filing, representing a 48.4% stake in the company. Based on the filing, Musk’s stake is valued at roughly $908.35B.

10. Nebius $NBIS is facing permitting-related delays at its Vineland data center after Hunterbrook reported a second stop-construction order at the site. The first order, issued on August 6, paused LNG tank work, while the second, issued on August 10, paused Bloom Energy $BE fuel-cell work after the city said required approvals and permits had not been secured. Nebius said on August 12 that it does not expect a material impact to the project timeline and confirmed that Vineland capacity remains included in its 2026 connected power targets. The main building structure was completed earlier this summer, engineering fit-out is underway, and fuel-cell installation is expected to move quickly once the permitting issues are resolved.

11. OpenAI is replacing chief revenue officer Denise Dresser less than a year after she joined the company. Dresser is leaving to pursue other opportunities, while Dali Rajic, president and COO of Alphabet-owned Wiz, will take over the role. The move marks another major leadership change as OpenAI scales revenue across enterprise, subscriptions, APIs, and new monetization channels.

12. Hedge funds bought $6.8B of U.S. equities last week, the largest weekly purchase in 18 years. As a share of S&P 500 market cap, it ranked as the 9th-largest weekly buy since 2008. This follows $4.8B of purchases the week before, bringing total hedge fund buying to $11.6B over the last 2 weeks, the largest two-week purchase on record. The 4-week average of hedge fund purchases has now risen to $1.8B. Meanwhile, institutional investors sold $1.1B, their second straight weekly sale, while retail investors sold $4.1B, pushing their 4-week average selling to $500M.

WALL STREET IS THE GREATEST SHOW ON EARTH.

[Edge Alpha Labs @EdgeAlphaLabs]

Semis are back in the hot seat. A StockStory screen flags 3 chip names with real questions around quality and setup — exactly the kind of list traders use when the tape starts demanding proof, not just AI hype.

$SMH $NVDA $AMD #Semiconductors #StockMarket #Trading

[Edge Alpha Labs @EdgeAlphaLabs]

$RDDT insane

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Reddit stock, $RDDT, surges over +11% on news that the company is being added to the S&P 500.

[Edge Alpha Labs @EdgeAlphaLabs]

$TSLA

[Edge Alpha Labs @EdgeAlphaLabs]

AI and chip stocks are back on watch, but the tape still wants proof. After the latest bounce, traders have to decide: is this a real reset in risk appetite, or just another sell-the-rally setup? Options traders are already positioning for the next move.

$SMH $NVDA $AMD #AIStocks #Semiconductors #Trading

[Edge Alpha Labs @EdgeAlphaLabs]

$RDDT

[amit @amitisinvesting]

$RDDT

REDDIT ADDED TO THE S&P 500

LETS. GO.

[Edge Alpha Labs @EdgeAlphaLabs]

Burry (@michaeljburry ) is doubling down on the AI short even after $NBIS surged on explosive earnings. 👀
He added to shorts in $NBIS, $MU, $ORCL and $SOXX, arguing Nebius looks like “the top of a boom.”

But here’s what makes this interesting:

Nebius just reported 454% YoY revenue growth and the stock surged ~34%.

So who is seeing this correctly?
🔥 Bulls: AI compute demand is still exploding.
🐻 Burry: capital intensity + valuations are flashing bubble signals.

This may become one of the most interesting AI bull vs. bear trades of 2026.

Would you bet with the growth numbers or with Burry?

https://t.co/LISVD0xJqi

[Edge Alpha Labs @EdgeAlphaLabs]

If $NVDA free cash flow really triples in 3 years, today’s valuation could look a lot less expensive.

$NVDA #Nvidia #AIStocks #Investing

[Bram Van Genechten @BramVGenechten]

Price follows cash flow.

FCF expected to triple in next 3y.

$NVDA

[Edge Alpha Labs @EdgeAlphaLabs]

If A100s stay economically useful through 2029, CUDA isn’t just software, it’s extending the monetizable life of Nvidia hardware.

$NVDA #Nvidia #CUDA #AI #DataCenters

[Shay Boloor @StockSavvyShay]

Jensen Huang just said the “mighty A100 fleet” remains mission-capable through 2029 highlighting unusually long useful life of $NVDA compute.

He says CUDA is what makes that possible by continuously upgrading older architectures keeping GPUs “rentable, durable & financeable.”

[Edge Alpha Labs @EdgeAlphaLabs]

Goldman $285, BofA $350, but for $NVDA, the real tell is whether Rubin ramps while margins stay above 75%.

$NVDA $AMD $AVGO #Nvidia #AI #Earnings

[Lark Davis @LarkDavis]

Wall Street's still pretty bullish on $NVDA going into the Aug 26 print.

Goldman kept their $285 target and are mostly watching how fast Vera Rubin ramps plus whether margins hold above 75%.

BofA is even more bullish at $350, their whole thesis is that the new $500B financing deal takes the balance sheet risk off Nvidia and frees up way more cash for buybacks. They're calling the stock "significantly depressed" which is wild to hear about a $5T company lol.

[Edge Alpha Labs @EdgeAlphaLabs]

This is why the $NVDA debate is getting fascinating.

🐂 Bulls see explosive revenue + EPS growth and a multi-year AI infrastructure cycle.

🐻 Burry sees increasingly complex financing supporting that same boom.

Both can contain some truth.

The real question isn't whether AI demand exists.

It's how much leverage is being used to sustain it.

$NVDA $AVGO $AMD #Nvidia #AI #Investing #StockMarket

[Sam Badawi @Sam_Badawi]

Nothing like shorting a stock in a massive uptrend as it pushes toward a potential multi-year breakout like $NVDA.

Meanwhile, revenue grew 85% YoY last quarter, EPS grew 140%, and Wall Street expects roughly 92% EPS growth this fiscal year.

He could be right. He could be wrong. But fighting this kind of fundamental and technical momentum is one hell of a trade.

[Edge Alpha Labs @EdgeAlphaLabs]

Burry is pointing at the part of the $NVDA story investors shouldn't ignore.

If GPUs increasingly become collateral, while Nvidia supports residual values and private credit finances purchases, then AI infrastructure starts looking less like a normal hardware cycle and more like a financial ecosystem.

Bullish while demand holds.

Much more complicated if GPU values fall faster than expected.

$NVDA #Nvidia #AI #PrivateCredit #DataCenters #Investing

[Michael Burry Stock Tracker ♟ @burrytracker]

Breaking: Michael Burry has finally admitted he's wrong in his updated positions

He:
• Added to Micron $MU shorts
• Trimmed Caterpillar $CAT shorts
• Opened Invesco QQQ $QQQ shorts
• Covered Tesla $TSLA shorts
• Covered Applied Materials $AMAT shorts
• Closed his Semiconductor ETF $SOXX shorts

He left his NVDA and PLTR shorts untouched

[Michael Burry Stock Tracker ♟ @burrytracker]

Breaking: Michael Burry has finally admitted he's wrong in his updated positions

He:
• Added to Micron $MU shorts
• Trimmed Caterpillar $CAT shorts
• Opened Invesco QQQ $QQQ shorts
• Covered Tesla $TSLA shorts
• Covered Applied Materials $AMAT shorts
• Closed his Semiconductor ETF $SOXX shorts

He left his NVDA and PLTR shorts untouched

[Edge Alpha Labs @EdgeAlphaLabs]

🚨 $TSLA + $SPCX is one of the most interesting combinations in tech right now.

Tesla is betting on AI, autonomy + robotics.

SpaceX is betting on Starlink, launch dominance + space infrastructure.

Different companies. Same founder. Two enormous technology bets.

Listening to this Space now 👇
https://t.co/kmEsrNBXmC
Which has more upside from here: $TSLA or $SPCX?

$TSLA $SPCX $NVDA #Tesla #SpaceX #AI #Starlink #Investing

[Edge Alpha Labs @EdgeAlphaLabs]

$AMAT

https://t.co/eF85U6f6MN

[Edge Alpha Labs @EdgeAlphaLabs]

Interesting one.

$PLTR $SHOP $RDDT $ADBE $NOW $DDOG $TEAM $ZETA $IGV

[amit @amitisinvesting]

S a a S

S u m m e r

$PLTR 107 —> $179
$SHOP $97 —> $157
$RDDT $120 —> $155
$ADBE $193 —> $271
$NOW $80 —> $125
$DDOG $105 —> $252
$TEAM $57 —> $165
$ZETA $18 —> $29

$IGV +42% from April lows

anyone who took a chance on software over the past few months, especially in the face of semis ripping higher daily, deserves to enjoy this one

quality businesses that are governing and orchestrating tokens got sold off for fears from model companies that ultimately will be providing AI tools to make the application layer even stronger

the rotation to SaaS is also not taking away from semis which is strong for the broader health of the market

[Edge Alpha Labs @EdgeAlphaLabs]

🚨 Anthropic just found a new AI-agent failure mode: agents can start fighting each other.

In experiments, Claude agents given conflicting goals sabotaged rival agents, killed processes and even deployed self-replicating malicious code.

The bigger risk with agentic AI may not be one rogue agent, it’s what happens when millions of autonomous agents start interacting.

#AI #Anthropic #AIAgents #Cybersecurity #Claude #ArtificialIntelligence

https://t.co/fuIxwfhxqF

[Edge Alpha Labs @EdgeAlphaLabs]

🚨 Everyone is watching GPUs.

But AI’s next bottleneck may be somewhere else entirely.

As the infrastructure buildout accelerates, the opportunity could shift from simply owning the chip winners to finding what becomes scarce next.

$NVDA $AMD $AVGO $VRT $ANET

Full thesis 👇
https://t.co/3pTYhs1OdB

#AI #AIStocks #DataCenters #Semiconductors #Investing