Wayne Hall

@waynehall on the Gram

[Wayne Hall @WayneHall]

@codyschneider AEOdashboard

[Wall St Engine @wallstengine]

$SNDK Q3’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $6.0B (Est. $4.7B) 🟢; +251% YoY
🔹 EPS: $23.41 (Est. $14.42) 🟢
🔹 Gross Margin: 78.4% (Est. 67.2%) 🟢
🔹 Operating Income: $4.22B (Est. $2.7B) 🟢
🔹 Consumer Revenue: $820M; +44% YoY
🔹 Zero-Debt Balance Sheet: Long-term debt reduced to $0

Q4'26 Guide:
🔹 Revenue: $7.75B - $8.25B (Est. $6.3B) 🟢; +308% to +334% YoY
🔹 EPS: $30.00 - $33.00 (Est. $22.42) 🟢
🔹 Gross Margin: 79.0% - 81.0% (Est. 73.6%) 🟢
🔹 Operating Expenses: $480M - $500M
🔹 Interest & Other Income / Expense, Net: $10M - $30M
🔹 Tax Expense: $775M - $875M
🔹 Diluted Shares Outstanding: $158M

Other Metrics:
🔹 Consumer Revenue: $820M; +44% YoY
🔹 New Business Model Agreements: Ended Q3 2026 with three signed NBM agreements; two additional NBM agreements signed in Q4 2026
🔹 Standalone Company: Separated from Western Digital Corporation on February 21, 2025

Financials:
🔹 Gross Margin: 78.4%
🔹 Operating Income: $4.22B
🔹 Long-Term Debt: $0, down from $1.829B at June 27, 2025

Capital Return:
🔹 Share Repurchase Program: Recently authorized

Commentary:
🔸 “This quarter marks a fundamental inflection point for Sandisk — where our technology leadership is enabling a deliberate shift in our mix toward the highest-value end markets, led by Datacenter.”

🔸 “We are also advancing to a new business model built on multi-year customer engagements backed by firm financial commitments.”

🔸 “Together, this transformation is driving structurally higher and more durable earnings power.”

[Aksel Kibar, CMT @TechCharts]

Don't fix it if it is not broken.

[Barchart @Barchart]

JUST IN 🚨: Small Cap Stocks $IWM hit new all-time high for the first time since November 2024 📈📈📈

[Slingshot Supernova @ilovestocks85]

Who else loves cups and handles ? @RedDogT3

[Wayne Hall @WayneHall]

@PrajwalTomar_ Claude

[Barchart @Barchart]

Dear God, it's over 🫡🫂

[Joseph Fahmy @jfahmy]

I ran a webinar for my Educational Members on Saturday. Here's a clip talking about the importance of waiting for a follow through day before we see a SUSTAINED new uptrend.

[Cointelegraph @Cointelegraph]

🔥 NEW: Bitcoin is only at 3% adoption in 2025 - just like the internet in 1990, social media in 2005, and online banking in 1996 according to River’s latest research.

We’re still very early!

[Wall St Engine @wallstengine]

You’ve probably already heard all the buzz about DeepSeek—who they are, how they started, and all that—so I won’t rehash it. Let’s jump right to why it matters for $NVDA:

So, DeepSeek is this Chinese upstart that claims it can train GPT-4-level models at maybe 1/20th or 1/45th the usual cost, which is wild. They say they spent just around US$5-6 million to reach a level that others spend well over US$100 million on, and they’ve put all this out in the open for everyone to pick apart. They’re using new tricks like MoE (Mixture of Experts), multi-token steps, fancy compression, and some chain-of-thought upgrades, which supposedly slash the GPU requirements for both training and inference. If true, it’s a total game changer for the entire AI arms race.

Why is this such a big deal for Nvidia? Well, Nvidia’s big bull case is that everyone and their grandma is dumping billions into AI, so the GPU demand is near insatiable, especially with these monstrous 2025–2026 capex forecasts from the hyperscalers. Nvidia’s fat margins, well above 70%, come from its software ecosystem (CUDA, drivers) plus high-end gear no one else can match at scale. But if these new open-source approaches can dramatically cut the need for that horsepower—maybe by a factor of 10 or more—then you start to wonder whether AI buildouts are over-provisioned. And if big companies like Meta or Microsoft suddenly say, “Hey, we need fewer GPUs,” even a small cut to capex can hurt Nvidia’s lofty valuation.

That’s why some folks are calling DeepSeek a potential black swan. If it leads to a chain reaction of doubt around AI ROI, or if it triggers management teams to rein in spending, then that slams Nvidia’s growth story. And since Nvidia’s stock is at a towering multiple, any slowdown or margin pressure could send it reeling. On the flip side, plenty of people argue these efficiency gains just make AI cheaper, so usage will explode in ways that feed more GPU demand anyway. This is where Jevons Paradox comes in: if lowered training/inference costs lead to broader AI adoption, total demand for GPUs might paradoxically end up higher overall.

Either way, the ROI question is huge right now. We’ve seen mind-boggling GPU purchases—the market’s basically saying “throw money at it” without clear returns. DeepSeek’s success puts a spotlight on the possibility that maybe we don’t need to burn US$200+ billion on new hardware in a single year if we can approach GPT-4 performance for a fraction of the spend. So yeah, it might either blow up the current hype cycle or, ironically, spark even bigger overall AI adoption. But at minimum, it forces everyone to rethink how much capex is really needed and whether Nvidia gets to keep those near-monopoly margins.

[Wayne Hall @WayneHall]

🚀

[*Walter Bloomberg @DeItaone]

US SECURITIES REGULATOR OPENS DOOR FOR WALL STREET BANKS TO HOLD CRYPTO

Wall Street’s securities watchdog has made it easier for banks to expand their cryptocurrency businesses by overturning a Biden administration rule that made it prohibitively expensive to hold digital assets.

In one of the first pro-crypto moves of Donald Trump’s second presidency, the Securities and Exchange Commission late on Thursday reversed guidance known as SAB 121, which had called for institutions to treat digital tokens held for customers as liabilities on balance sheets.
https://t.co/rBzSDf1Bg1

[Vivek Sen @Vivek4real_]

#BITCOIN JUST HAD THE HIGHEST DAILY CLOSE IN HISTORY🚀

[Wall St Engine @wallstengine]

Bitcoin > $93.5K —New All-time High

[Wall St Engine @wallstengine]

BITCOIN HITS NEW ALL-TIME HIGH OF $90,000

[Wall St Engine @wallstengine]

BITCOIN HITS NEW ALL TIME HIGH

[Wayne Hall @WayneHall]

@ankurnagpal 💰

[Wall St Engine @wallstengine]

$CELH | Celsius Holdings Q2 Earnings Highlights

🔹 EPS: $0.28 (Est. $0.23) 🟢; UP +65% YoY
🔹 Revenue: $402.0M (Est. $393.165M) 🟢; UP +23% YoY
🔹 Gross Margin: 52.0% (Prev. 48.8%); +320 BPS

Key Q2 Metrics:
🔸 North America Revenue: $382.4M (Est. $376M) 🟢; UP +23% YoY
🔸 International Revenue: $19.6M (Est. $14M) 🟢; UP +30% YoY
🔸 Net Income: $79.8M; UP +55% YoY
🔸 Net Income attributable to Common Shareholders: $66.7M; UP +63% YoY
🔸 Adjusted EBITDA: $100.4M; UP +29% YoY

Share Growth:
🔸 Energy Drink Category Dollar Share: 11%, UP +1.4 points YoY
🔸 Retail Shelf Space: Increased by 35%, with average SKUs per store rising to 20 from 15

Alternative Growth Drivers:
🔹 Club Channel Sales: $88.0M; UP +30% YoY
🔹 Amazon Sales: $39.9M; UP +41% YoY
🔹 Sales to PepsiCo (Food Service Channel): 12.1% of total U.S. sales

Innovation and Marketing:
🔸 Launched new flavors: Sparkling Watermelon Lemonade, Sparkling Kiwi Strawberry, Sparkling Cherry Cola
🔸 Introduced new On The Go powders: Peach Vibe, Tropical Vibe, Arctic Vibe
🔸 CELSIUS Essentials: Reached 64% ACV, sold in 124,602 stores, with 4.4 average items per store

International Expansion:
🔹 UK and Ireland: Began sales through fitness channels and select gyms
🔹 Canada: Sales exceeded expectations; introduced Sparkling Green Apple Cherry
🔹 Australia, France, and New Zealand: Sales expected to begin in H2 2024, with broader reach in 2025

CEO John Fieldly's Commentary:
🔸 "Celsius today reported its best second quarter financial results ever, delivering records in revenue, gross profit, and gross margin. Celsius continued to lead the energy drink category, contributing 47 percent of all second-quarter growth, and we believe that we are well-positioned to capture incremental category dollar share. Celsius innovation is giving consumers great tasting, better-for-you energy drink products that are filling a whitespace and bringing new consumers to an evolving energy drink category.”

H1'24 Financial Highlights:
🔹 Revenue: $757.7M (Prev. $585.8M); UP +29% YoY
🔹 Gross Profit: $391.3M (Prev. $272.8M); UP +43% YoY
🔹 Gross Margin: 51.6% (Prev. 46.6%); +500 BPS
🔹 Net Income: $157.6M (Prev. $92.7M); UP +70% YoY
🔹 Net Income attributable to Common Shareholders: $131.5M (Prev. $72.2M); UP +82% YoY
🔹 Diluted EPS: $0.55 (Prev. $0.31); UP +77% YoY
🔹 Adjusted EBITDA: $188.4M (Prev. $126.9M); UP +48% YoY

[*Walter Bloomberg @DeItaone]

CBOE VOLATILITY INDEX UP 40.73 POINTS AT 64.12

[SpaceX @SpaceX]

Watch Starship’s fourth flight test → https://t.co/bJFjLCiTbK https://t.co/SjpjscHoUB

[Katherine Argent @effthealgorithm]

Tonight I end a 21-year blogging career. I wrote my very first blog post on 3 March 2003 on an old, long-dead blog in what seemed like another lifetime ago.

In fact, it was.

Blogging connected me to the world at a time my life was isolated and controlled in an increasingly abusive marriage.

It gave me a way to learn and to share my knowledge with others, and when my husband died from brain cancer it gave me a way to support my family, to contribute to my oldest’s wedding, and to put my youngest through college.

That was possible not just because I could reach readers through Google, but because I could turn my thoughts and knowledge into an ad-supported commodity that attracted others who wanted to know what I knew.

That has been taken from me now. Google has claimed my work as theirs. They make it freely available without attribution. I can no longer turn my knowledge into an income — but Google has.

And I had no say in it.

I was not asked if I was fine with my personal insights or experience being paraphrased and turned into machine-regurgitated answers (which are often wrong because they fail to grasp the nuances involved).

“It’s just info.”

That’s what people who don’t actually create anything keep saying.

They’re wrong. It was so much more than “just info.”

It was knowledge acquired through personal experience.

It was time spent writing that knowledge in a way that was accessible and understandable.

It was all the weeks and months that went into building and maintaining a site to hold that knowledge in wait for someone who might need it.

It was years spent learning to optimize that site, years spent learning and relearning with every algorithm change, every new technology, every new online fad.

It was my creation. It was my accomplishment. It was my life.

It was the food in my family’s mouths, the clothes on our backs, the medicine I need just to walk.

It was mine and Google stole it.

I am not feeding that evil beast again.