KJR

• F/S DEV • CRYPTO & STOCKS • ANALYST 🥸

[KJR @theTradeOp]

"The big money is not in the buying or selling, but in the waiting."

— Charlie Munger

[amit @amitisinvesting]

$AMD

AMD Q2 2026 EARNINGS:

- Revenue $11.5B, +50% YoY
- Adjusted EPS $1.66, +246% YoY
- Data Center Revenue $6.72B, +107% YoY
- Adjusted EBITDA +$3.3B
- Free Cash Flow +$1.6B
- Capital Expenditures +$808M

Lisa Su:

“We delivered an excellent quarter, with record revenue and profitability as Data Center revenue more than doubled year-over-year. We enter the second half with strong momentum as EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp. More broadly, AI is driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead.”

[amit @amitisinvesting]

$GOOGL

ALPHABET Q2 2026 EARNINGS:

- Revenue $119.8B +24% YoY
- Google Search Revenue $63.3B +17% YoY
- Google Cloud Revenue $24.8B +82% YoY
- Google Cloud Operating Income $8.8B
- Operating Income $40.8B +30% YoY
- Net Income $112.1B +298% YoY
- Gemini App 950M Monthly Active Users
- Gemini Models Processing 22B API Tokens Per Minute

This is the first quarter in years that Google had negative FCF of -$5.8B, but this is also their fastest growing cloud quarter ever and strongest revenue acceleration in 3 years.

The capex spend is leading to them becoming one of the most important companies in serving AI to the world.

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Google $GOOGL is developing a new AI chip that could run Gemini models 6x to 10x more efficiently than its latest TPUs, per The Information. The chip, internally called “Frozen v2,” would bake parts of Gemini’s architecture directly into silicon, reducing data movement and simplifying inference decisions. Google is targeting deployment as early as 2028 to help ease its AI compute shortage, though the design would trade flexibility for major gains in speed and power efficiency.

2. Microsoft $MSFT is expanding its partnership with AMD $AMD and will deploy AMD’s Helios rack-scale systems on Azure for frontier AI inference. The platform combines MI455X GPUs, Venice CPUs, Pensando networking, and ROCm software, with shipments to Microsoft beginning in the second half of 2026. Azure will also add new AMD-powered virtual machines for agentic AI, data pipelines, and semiconductor design, marking a broader adoption of AMD’s full AI infrastructure stack.

3. AUM in U.S. leveraged semiconductor ETFs has fallen $63B from the June peak to $100B, the lowest level since late April. That marks a 39% decline, the largest drawdown since April 2025, when assets more than halved from their August high. The semiconductor unwind accounts for 63% of the broader $100B drop in AUM across all U.S. leveraged ETFs over the same period. The selloff follows a massive ramp, with assets in these funds nearly tripling between late March and the June peak. Even after the pullback, leveraged semiconductor ETF assets are still up 400% from January 2023 levels.

4. Archer $ACHR and Anduril unveiled Thunder, an autonomous attack VTOL aircraft, with first flight planned for 2027. The runway-independent hybrid-electric aircraft is designed to operate autonomously alongside crewed attack and assault aircraft. The dual-use platform features tiltrotors and modular payloads for both defense and commercial missions. Full-scale surrogate flights have already been completed, and Archer plans to announce its first commercial customers later this week.

5. Chinese AI models are taking record share among U.S. firms on OpenRouter. The proportion of tokens used by American companies running through Chinese models has climbed to roughly 58%, a record high. OpenRouter lets developers access and compare models from multiple providers, making it a useful real-world signal of AI model adoption. Chinese model usage has tripled since mid-January, overtaking U.S. peers on the platform for the first time in March and briefly hitting 63% in early July. At the start of 2025, Chinese models were under 10% of usage, while U.S. models were around 80%. DeepSeek has become the most popular choice among American firms in recent months.

6. The top 10 most active options today by contracts traded were $NVDA with 3.1M contracts, $TSLA with 2.4M contracts, $AAPL with 1.8M contracts, $MU with 951K contracts, $MSFT with 884K contracts, $AMZN with 691K contracts, $INTC with 640K contracts, $SPCX with 606K contracts, $AMD with 506K contracts, and $GOOGL with 492K contracts.

7. BofA reiterated its Buy rating on CoreWeave $CRWV with a $140 price target. Analyst Tal Liani raised FY26 capex estimates to $34B from $29B, saying capex remains a key indicator of buildout progress and hardware pricing. BofA expects Q2 operating margin of 2.4%, slightly below the Street at 2.8%, but sees margins improving through the rest of the year as active power drives revenue recognition. By Q4, BofA expects operating margin to reach 14.6%, up from 1.0% in Q1, showing strong operating leverage. The firm also pushed back on competition concerns from SpaceX and Meta, arguing AI compute demand still far exceeds supply, making access to capacity the real bottleneck rather than provider choice.

8. IREN $IREN raised its 2026 AI Cloud ARR target to over $4B, up from its prior target of $3.7B. The company announced new AI cloud contracts representing $2.8B in total contract value, with approximately 85% of the updated ARR target now under contract. Goldman Sachs estimates the newly announced contracts represent an additional roughly $1B in contracted revenue with an average term of around 3 years. IREN also said recent agreements include customer prepayments covering about 45% of GPU capex, with customer contracts having a weighted average term of approximately 4 years.

9. UBS says Micron $MU could repurchase more than 40% of its shares by the end of 2028. The firm expects Micron to generate over $40B in free cash flow through 2028, and once its buyback restriction expires on December 9, 2026, UBS says the company could potentially use that cash to buy back more than 40% of its shares at the current price. Morgan Stanley said that memory stocks are trading at attractive prices but their best risk to reward names in the semi space are $NVDA Nvidia and $AVGO Broadcom.

10. Bloom Energy $BE shares are trading lower after New Mexico regulators rejected permits for a gas pipeline planned to supply Oracle’s Project Jupiter data center for the second time. The decision could delay the campus, which is expected to use up to 2.5GW of Bloom Energy’s gas-powered fuel cells. Energy Transfer may now pursue an alternative pipeline route.

11. Intel $INTC plans additional layoffs in its data center group as part of a broader effort to become a more focused and efficient company, CNBC reports. Intel said the unit is realigning roles and skills for long-term success, though the number of affected employees was not disclosed.

12. Trump signed three proclamations under Section 338 of the Tariff Act of 1930 imposing additional 50% tariffs on certain Canadian goods in response to what the White House calls Canada’s discriminatory treatment of U.S. products. The tariffs cover different categories of Canadian imports, including products ranging from wine to hockey sticks to cement, and apply even if goods originate under USMCA. Exemptions include energy, potash, goods already subject to Section 232 tariffs, fish, critical minerals, and certain other products. The tariffs take effect 30 days after signing.

WALL STREET IS THE GREATST SHOW ON EARTH,

[KJR @theTradeOp]

“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.” - Warren Buffet

[KJR @theTradeOp]

BlackRock is buying BTC for the first time in a long while, moving about $250 million from Coinbase to its wallets over the last two days.

BTC also continues to show notable strength despite the renewed conflict in Iran

#Bitcoin #Crypto

[KJR @theTradeOp]

Trust the process. Simple breakdown on USDCAD 🎯📉

#trading #forex

[KJR @theTradeOp]

Ending the trading week in style.

STEP INDEX 500 🚀
#trading

[KJR @theTradeOp]

AI demand is absolutely out of control. Huge beat. 🚀

[Kalshi @Kalshi]

BREAKING: Micron beat Q2 earnings

• EPS: $28.86 vs $20.20 est
• Revenue: $41.5B vs $35B est

$MU +4% after-hours

[KJR @theTradeOp]

Melted like butter.

Gold shorts delivering exactly as planned. 📉🔥
#gold #trading

[KJR @theTradeOp]

$MU bears on life support. 🐻 Micron just delivered a masterclass in earnings beats for Q2, cementing its spot as a primary backbone of the AI revolution. If you thought the hardware trade was crowded, think again. Next stop? 🚀

#Stocks #Micron

[Forbes @Forbes]

Quote of the day. #qotd

[VOLTIX @VOLTIXSOL]

This trader hit the most insane trade ever and retired

$50 to $50,000,000

[KJR @theTradeOp]

@Afrinvest how do you like the pnl card?

[KJR @theTradeOp]

Caught the early wave on SCOA and just watched it ride.

Sitting on a clean +325.79% return. 🚀🇳🇬
#Stocks #NGX #investing

[KJR @theTradeOp]

Strictly executing the setup. 🎯

EU and V25 caught beautifully to close out the week. 🚀

#trading

[KJR @theTradeOp]

📌 😂

[Ye @StockThe90077]

Chart looks bad? Just turn the screen upside down. Bull market achieved. Follow for more financial advice.

[KJR @theTradeOp]

Trump says the Iran MoU is not final and warns that if I don’t like the agreement, we will go back to dropping bombs.

#Trump #Iran

[KJR @theTradeOp]

⚡️ JUST IN: US-Iran MoU details show both sides still differ on key terms, including Hormuz fees, Lebanon, nuclear limits, frozen assets, and sanctions relief, ISW reported.

#Iran

[Just a Dude Who Invests @DudeWhoInvests]

Being positive no matter the situation is probably the best skill to have in 2026.

[KJR @theTradeOp]

@JobFound5 Interested