Amitisinvesting

breaking down tech, business , & stocks $PLTR

[Amitisinvesting @alwaysinvests]

sat down with the CEO and CoFounder of Robinhood, Vlad Tenev, to discuss a variety of topics after Robinhood's Gold Standard event.

In the podcast, we discussed the early days of Robinhood and how the company grew, the economics behind Robinhood

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. SanDisk $SNDK reported Q4 revenue of $8.97B, beating estimates of $8.6B, up 372% YoY and 51% QoQ. Adjusted EPS came in at $39.25 versus $34.45 expected, while adjusted gross margin reached 84.6%, above estimates of 81.5%. Datacenter revenue jumped 103% QoQ to $2.98B, Edge revenue rose 48% QoQ and 392% YoY to $5.43B, while Consumer revenue declined to $556M. For Q1’27, SanDisk guided revenue of $10.3B–$10.8B, below the $11.1B estimate, with adjusted EPS of $44.00–$46.00. The company also announced a new $14B buyback authorization, bringing total remaining repurchase capacity to $15.5B.

2. President Trump warned Iran that if it backs out again, “they’re going to get hit really hard,” adding that the U.S. has “no choice” because Iran cannot be allowed to obtain a nuclear weapon. He also said the Strait of Hormuz will be reopened very soon, either through an agreement or by force, saying, “the Strait is going to be open very soon — or they’re gonna hit very hard.”

3. China’s gold-backed ETFs have seen 14 straight days of inflows through Monday, their longest streak since March. Over that stretch, the funds attracted roughly $1.2B, including a largest single-day inflow of $370M. The rebound follows a sharp reversal after Chinese gold ETFs posted outflows in 38 of 44 trading sessions. The renewed demand comes as volatility in China’s equity market pushes investors, especially institutions, back toward alternative assets. Gold was up about 4% today.

4. U.S. job openings fell by 178,000 in June to 7.36M, the lowest level since March and the second straight monthly decline. Openings are now down 226,000 over the past two months, led by drops in private education and health services (-133,000), leisure and hospitality (-86,000), wholesale trade (-74,000), and professional and business services (-71,000). Even with the slowdown, there are still 265,000 more job openings than unemployed workers, the second-largest gap since January 2025. The job openings-to-unemployed ratio remains at 1.0, its highest level since January 2025.

5. Situational Awareness is reportedly back to investing with a new $400M bet in a privately held company, according to Bloomberg. The investment comes shortly after Leopold Aschenbrenner’s hedge fund nearly collapsed under a wave of margin calls from lenders last week, following a sharp unwind in its heavily levered AI bets.

6. The top 10 most active options today by contracts traded were $NVDA with 6.2M contracts, $SPCX with 2.2M contracts, $TSLA with 2.0M contracts, $AAPL with 1.5M contracts, $AMZN with 1.0M contracts, $AMD with 1.0M contracts, $MU with 942K contracts, $GOOGL with 941K contracts, $INTC with 801K contracts, and $MSFT with 712K contracts.

7. Microsoft $MSFT generated $24.1B in sales from OpenAI during the fiscal year ended June, representing roughly 70% of its actual AI revenue, according to disclosures cited by Bloomberg. The figure highlights how deeply Microsoft’s AI growth is tied to OpenAI usage and infrastructure demand.

8. Shopify $SHOP reported Q2’26 revenue of $3.58B, beating estimates of $3.45B, up 34% YoY. GMV rose to $115.6B versus $112.12B expected, while operating income increased 68% YoY to $488M and MRR came in at $221M. Subscription Solutions revenue grew to $802M, Merchant Solutions revenue reached $2.78B, gross profit rose to $1.71B, and free cash flow came in at $654M with an 18% FCF margin. For Q3, Shopify guided revenue growth in the low-thirties % YoY, gross profit dollar growth in the mid-to-high twenties %, and FCF margin in the high-teens to low-twenties % range. Management said Shopify delivered more than 30% growth across GMV, revenue, gross profit, and free cash flow, with GMV strength broad-based across merchant sizes, channels, and geographies.

9. Raymond James is sticking with its Strong Buy rating and $800 12-month price target on SpaceX $SPCX, despite the stock trading down after-hours. The firm said SpaceX “handily exceeded” Q2 expectations, with revenue of $7.8B, up 92% YoY, beating by roughly $1B across every modeled segment. Adjusted EBITDA came in at $3.5B, well above the firm’s $1.99B estimate, with margins expanding to 44.9%. Backlog reached a record $47.5B, compute capacity increased to 1.4GW, and management advanced its internal $1T revenue framework by one year to 2030, reflecting accelerating AI demand. Raymond James said the near-term selloff reflects market friction and the upcoming lockup release, but believes fundamentals remain strong and forecasts are biased meaningfully higher.

10. $GOOGL Google’s AI leadership is reportedly undergoing a major reshuffle. Demis Hassabis is leaving his role as CEO of Google DeepMind to become chairman of the unit, while also adding the title of chief scientist at Alphabet and continuing to lead Isomorphic Labs. Google DeepMind CTO Koray Kavukcuoglu will become senior VP of the unit, reporting to Sundar Pichai. Meanwhile, longtime Google AI leader Jeff Dean is leaving to start Discovery Loop, an independent public benefit corporation backed by Google, alongside Sanjay Ghemawat, Oriol Vinyals, and Quoc Le. The shakeup comes as Google faces intensifying pressure to keep pace with OpenAI and Anthropic in frontier AI.

11. Zeta $ZETA closed up 12% at a 52-week high as analysts raised price targets following the company’s latest updates. KeyBanc increased its target to $27 from $22, Morgan Stanley raised to $25 from $23, and William Blair maintained a Buy rating. Analysts highlighted that the newly signed Palantir partnership is already producing results, with two agreements signed and more in the pipeline. They also pointed to early traction for Athena, especially among customers with over $1M in ARPU, driving higher usage and retention across the platform.

12. CoreWeave $CRWV signed a multi-year agreement with Solidigm, the SK hynix subsidiary, giving the company priority access to enterprise SSD capacity as AI cloud demand continues to scale. The deal helps CoreWeave secure critical storage supply for large AI workloads, reinforcing how infrastructure demand is expanding beyond GPUs into memory, networking, and high-performance storage.

WALL STREET IS THE GREATEST SHOW ON EARTH.

[amit @amitisinvesting]

price action after hours on these earnings is nuts

absolutely nuts

almost as if we aren’t out the woods even after the july deleveraging 😂

august is always filled with surprises

[amit @amitisinvesting]

$ZETA price action is warranted today in my opinion.

Stock was trading at 3x sales growing 40% and just turned profitable with record operating margins after beating/raising the guide for 19 straight quarters.

Felt held down due to SaaS narrative and a lack of understanding around their moat but at some point, growth can’t be denied and it is quite obvious that net income, FCF, and operating leverage is only going to go up.

Well deserved and once again a lesson that patience can eventually pay and building a position when a company is executing but the price isn’t reflecting it can be a fantastic way to actually generate meaningful returns.

Best part of last night’s call was Zeta said their forward guidance does NOT meaningfully include any growth from their partnership with $PLTR Palantir which I also think will be very strong for them long term.

Congrats to all shareholders!

+12%

[amit @amitisinvesting]

TRADING ENDS FOR THE MONTH OF JULY.

- Momentum has its worth month in 20 years but gets a slight recovery in the last two days

- One of the largest AI funds lost 67% of its value in July after being 4x levered on $45b of assets but still is +80% YTD after Citadel buys their book

- The Fed didn't hike rates

- $AMZN $GOOGL and $MSFT proved that AI is bringing an ROI with their cloud businesses and are only going to increase capex

- Financials, insurance, energy, and healthcare have a great month

- Oil spikes 15% due to Iran war fears

- The South Korean KOSPI Index ends -20% for the month but was -40% during the worst of it

Enjoy the weekend, if you got through July then you
deserve to.

August up next!

[Amitisinvesting @alwaysinvests]

Spoke with Chris Camillo @ChrisCamillo on his Amazon $AMZN trade and what it took to continue having the conviction to hold and size up in the trade:

“My account was down like 40% this month. I was getting margin call after margin call

[Amitisinvesting @alwaysinvests]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Citadel bought the bulk of Situational Awareness’ public-equities portfolio after the firm’s assets reportedly fell from $45B to around $10B, with the fund said to have been running roughly 4x leverage.

[Amitisinvesting @alwaysinvests]

what a day man

semis get destroyed all month

turns out it was a structural deleveraging event that really caused the worst parts of it

best day for semis in a year once the biggest AI levered hedgefund gets liquidated

has to be one of the craziest days this year for markets

[amit @amitisinvesting]

BREAKING: Nvidia $NVDA is in talks to provide up to $250B in financing for an OpenAI datacenter in Ohio, as per the Wall Street Journal.

- The project could exceed $500 billion in total cost, making it the largest announced AI data center project to date. The first phase is expected to come online in 2028 with roughly 800 megawatts of capacity.

- The U.S. government is playing a central role, with power supplied through a federally backed project funded by Japan under a recent trade agreement. Commerce Secretary Howard Lutnick is involved in allocating the power.

- Nvidia is also discussing financing OpenAI's chip purchases, which could total up to $350 billion, highlighting the increasingly intertwined financing structures supporting large-scale AI infrastructure.

- The Ohio campus would give OpenAI its first dedicated data center lease, reducing reliance on cloud providers like Microsoft, Amazon, and Oracle as the company ramps projected AI infrastructure spending to roughly $750 billion through 2030.

[amit @amitisinvesting]

Futures are up, bitcoin is up, and oil is down because of reports that the US and Iran have stopped strikes against each other for the time being.

Trump was supposed to strike on Friday but ordered the military not to, and as a result Iran's retaliation was stopped because there wasn't anything to retaliate to.

I am not sure if this is a sign of actual progress that can lead to something meaningful, but if there was ever a time for some type of ceasefire, it would be when...

- The 10-yr passed 4.7%
- Oil was up 25% in a month
- The sector responsible for the majority of the S&P 500's earnings growth (SMH) was down 16%
- Rate hike probabilities passed 75% for October
- US national gas prices passed $4/gallon again

Any escalation would just lead to more inflation and uncertainty for stocks which obviously wouldn't be the best for the broader economy.

The big headline on Friday was that China talked to Trump and assured him they would never sell weapons to Iran while others reported that China is actually trying to secure a peace deal between Iran and the US.

Maybe there is some truth to this given Trump responded to a reporter on Friday and said, "we are talking to them, maybe there won't be a tipping point, maybe there will be," implying that there might be more talks happening that are positive even though every set of talks recently has not resulted in anything closer to peace.

Big earnings this week with $MSFT $META $HOOD $AAPL $AMZN $SOFI $RDDT $V $UPS $MA and more along with the FOMC meeting on Wednesday. It will be Kevin Warsh's second meeting as Fed Chair.

Hoping we get some relief as more escalation would really just create an ugly environment for inflation, risk on assets, and the potential for rate cuts.

[Amitisinvesting @alwaysinvests]

BREAKING: Nvidia $NVDA is in talks to provide up to $250B in financing for an OpenAI datacenter in Ohio, as per the Wall Street Journal.

- The project could exceed $500 billion in total cost, making it the largest announced AI data center project to date.

[Amitisinvesting @alwaysinvests]

incredible end of week dump happening right now

you really have to just sit back and laugh lol

[Amitisinvesting @alwaysinvests]

Crude Oil has just surpassed $90/barrel for the first time since June, now up +25% in the past month.

At the same time, the 10-year treasury yield has now officially crossed 4.7%.

Jobless claims came in at +187K today vs +211K expected which is great for the labor market

[Amitisinvesting @alwaysinvests]

bought $PLTR $125.85

the market is once again selling off all of SaaS because of AI infra names going higher.

this does not make sense.

you don’t have any magical AI revolution without the application layer.

you also have way stronger growth for SaaS companies in general

[Amitisinvesting @alwaysinvests]

$SMCI

Woah.

SMCI guided for 8.4-8.7% gross margins last quarter. They have a TTM gross margin of 8.83%.

They just came out after hours and said they are increasing their guide for gross margins to now 15-17%.

Even during 2024-2025, their gross margins went from 11-13%.

[Amitisinvesting @alwaysinvests]

Trump just put a 50% tariff on hockey sticks coming from Canada 😂

[Amitisinvesting @alwaysinvests]

$META

BREAKING: Meta is in talks to rent computing capacity to Anthropic in a deal worth up to $10B over 2 years, as per the New York Times.

Meta went down today on news that they hired a senior AWS executive to help build their cloud division.

[Amitisinvesting @alwaysinvests]

$SPCX

SpaceX has aborted a major test mission of their Starship rocket moments before liftoff
In Texas.

Well, the first real piece of news that has to due with the risky business of space has hit this stock as a public company.

$SPCX -4%

[Amitisinvesting @alwaysinvests]

TRUMP: "Iran wants to meet. I just got a call as I was coming here. They always want to meet and make a deal. I can tell you they want to make a deal. If you're not doing it like I'm doing it, you're never going to make a deal with them."

[Amitisinvesting @alwaysinvests]

$SPCX SpaceX has officially fallen below it's IPO price of $135.