AP

[Nebius @nebiusai]

Today, we announced our Q1 2026 financial results. Here are the highlights:

- ARR grew 674% year-over-year; full-year guidance has been updated to ARR of $7-$9 billion and revenue of $3.0-3.4 billion.
- Adjusted EBITDA margin in our AI cloud business nearly doubled quarter-on-quarter to 45%.
- Contracted capacity now exceeds 3.5 GW, surpassing our 3 GW target; we now expect to have more than 4 GW of contracted capacity by the end of 2026.

We also announced today that we have secured up to 1.2 GW of power and land for a new owned AI factory in Pennsylvania, bringing our total number of sites exceeding 100 MW to seven.

Read more in our press release: https://t.co/GJkNTg8RGG

[AP @bleachers03]

Semiconductors $SOXX vs Software stocks $IGV - record capex spending into AI Infrastructure is a real nice tailwind for Semis & AI infrastructure-related stocks. $AMZN $MSFT and $GOOG spending over a combined $500 Bil on building AI Infrastructure in 2026 alone..

Many oversold software stocks out there though IMO! Saas is not dead yet. And many will benefit from agentic AI

1st chart - since mid-Sept '25
2nd chart - 2Y lookback
3rd chart - 5Y lookback

[AP @bleachers03]

Software stocks $IGV vs. Bitcoin $BTC Chart. What do you notice

Charts: 1Y, 3Y, 5Y, 10Y Lookbacks

[AP @bleachers03]

@StockSavvyShay

[AP @bleachers03]

https://t.co/SorgAFufCO

[FOX College Football @CFBONFOX]

CURT CIGNETTI AND INDIANA LIFT THE BIG TEN CHAMPIONSHIP TROPHY 🏆

@IndianaFootball

[Menthor Q @MenthorQpro]

Paul Tudor Jones:

“All roads lead to inflation. I am long gold, bitcoin and commodities are ridiculously under owned”

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

Buffett to Step Down Following Six-Decade Run Atop Berkshire (BBG)

[Bespoke @bespokeinvest]

31 of the last 32 times that $SPY has opened down 1%+ and then fallen another 1%+ from the open to the close, it has been up 3 months later (65 trading days). The only drop was -0.59% following the 5/5/22 occurrence.

[Los Angeles Angels @Angels]

First career hit ✅
First career home run ✅
First career RBI ✅

Congrats, Niko Kavadas!

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The volatility index, $VIX, is now trading at its 5th highest level on record.

Since July 1st, the $VIX is now up over 330% and trading at March 2020 levels.

The last time volatility was this high, the global economy was heading to a complete shutdown.

We may see a new record high in the $VIX soon.

[The Kobeissi Letter @KobeissiLetter]

This image will go down in history.

The largest assets and indices in the world trading like meme stocks.

How is this a "soft landing?"

[Anthony Pompliano 🌪 @APompliano]

There has been plenty of panic and fear in markets over the last 50 years.

None of it mattered.

The S&P continues to go up over the long run, regardless of investors’ short term worries.

This too shall pass.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Total US Federal debt has officially hit $35 trillion for the first time in history.

Since 2020, the US has now added ~$12 TRILLION in Federal debt.

In other words, the US has added an average of ~$280 BILLION of Federal debt EVERY MONTH since January 2020.

This means that the US now has ~$105,000 in Federal debt for every person living in the country.

All while deficit spending as a percentage of GDP is currently at World War 2 levels.

How can this possibly end well?

[Willie Delwiche, CMT, CFA @WillieDelwiche]

We've never before had so few stocks outperforming the S&P 500.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US Treasury yield curve has been inverted for 702 days, the longest streak in bond market history.

The difference between 10-year and 2-year Treasuries has turned negative on July 6, 2022, 22 months ago.

The previous record was made in the late 1970s and lasted for 624 days starting in August 1978.

In the past, each time when the yield curve inverted and then un-inverted a recession followed.

Meanwhile, the Fed started slowing its balance sheet shrinking (QT) from $95 billion to $60 billion a month at the beginning of June.

Bond markets continue to make history.

[The Kobeissi Letter @KobeissiLetter]

Shocking stat of the day:

Inflation has not fallen in a single month since January 2021, according to Zerohedge.

This means that overall prices are up over 19.5% in less than 4 years.

That is an average of 5.5% per year effectively wiping out ONE FIFTH of the US Dollar's purchasing power.

We have not had a year-over-year inflation print below 3% in 37 consecutive months.

Inflation is now building on previous years of inflation; we effectively have compounding inflation.

How is this a "strong" economy?

[Matt Hougan @Matt_Hougan]

Supply/demand mismatch.

[AP @bleachers03]

@Big_Nilla great work sir 🫡