SanDisk's 80% Gross Margin Plan Turns Short Sellers Into Rally Fuel $SanDisk Corp.(SNDK)$ 's Investor Day blueprint for a sustained 80% adjusted gross margins triggered an immediate wave of short selling—only for those positions to get steamrolled by institutional buying. As management outlined mid-to-high teens revenue growth through fiscal 2030, an enterprise flash total addressable market (TAM) of 1.2 zettabytes by 2030, and adjusted operating margins near 75%, daily short volume more than doubled to 2.34 million shares, the highest since April 17. Traders positioned against the long-term targets. Institutional block buyers responded in force, driving more than $400 million in net inflows and sending the stock jumping 14%. The order flow
NVIDIA's Q2 Portfolio Adds SpaceX as Second-Largest Holding $NVIDIA(NVDA)$ 's 13F filing for the quarter ended June 30, 2026, reveals a highly concentrated equity portfolio. The primary update this quarter is the first-time disclosure of $SpaceX (SPCX.US)$ , which enters the portfolio as the second-largest holding. Together with $Intel(INTC)$ , these two positions account for over 80% of NVIDIA's disclosed equities. The SpaceX Entry: xAI Stake Conversion This new position stems from corporate restructuring rather than open-market purchases. In January 2026, NVIDIA invested $10 billion into the AI startup xAI. After SpaceX acquired x
AMAT Earnings Preview: AI‑sector Optimism Points to Opportunities for Semiconductor Equipment $Applied Materials(AMAT)$ is expected to release its earnings report after the market closes on August 13th. Recently, traditional cloud giants and Neoclouds' AI CapEx have seen better-than-expected returns on their investments. Continued order increases from cloud vendors will indirectly lead to upward revisions of their forward guidance for wafer fab equipment procurement. I. Core Outlook Market expectations for AMAT's FY26-Q3 (quarter ending July 2026) call for revenue of $9.004 billion, corresponding to year-over-year growth of +23.3%, a significant acceleration from the prior quarter's 11.4% YoY growth. EPS
The AI Bear Case Is Cracking: Faster Cloud ROI Keeps the Hardware Boom Alive For much of the past year, the cleanest AI bear case was not that AI demand was fake. It was this: the spending is real, but where is the return? Hyperscalers and AI clouds were pouring tens of billions of dollars into GPUs and data centers. Bears argued that cloud free cash flow would eventually crack, GPU depreciation would be too fast, and some of the demand might simply reflect easy financing or “circular” capital flowing around the AI ecosystem. AI CapEx Is Paying Back Faster Than Bears Expected The latest disclosures are striking: SpaceX is the most aggressive example. Its AI segment spent $15.8 billion of CapEx in Q2, yet CFO Bret Johnsen said the current economics of new compute deployments imply a payback
All Eyes on Optics and Neoclouds. But Who Led the Flow? Yesterday's session looked like a conviction rally on the surface. $NEBIUS(NBIS)$ finished up 34%. $CoreWeave, Inc.(CRWV)$ gained 19%. $SUPER MICRO COMPUTER INC(SMCI)$ added 19%. But flip to the trading data and the picture shifts. The stock with the highest buy/sell ratio on our platform yesterday — 4.95 — was $Apple(AAPL)$ . On a day it barely moved. We believe that's not rotation. That's a crowd with more than one idea at once. Short Memory, Long Op
NBIS Q2 Earnings Review: Orders Explode, 2027 Visibility Improves, More Room to Run? $NEBIUS(NBIS)$ surged more than 21% after reporting its second-quarter 2026 results. Revenue and adjusted EBITDA both beat expectations, while new contract wins accelerated sharply, customer commitments topped $40 billion, and the company raised its year-end contracted power target to 5 GW. Strong order momentum is extending Nebius' growth visibility further into 2027. With more large contracts set to come online starting in Q4, can a new Revenue Ramp drive another leg of valuation re-rating for NBIS? Key Financial Results – Revenue: Q2 revenue reached $582.3 million, up 454% YoY, above the $572.75 million consensus and about 46% higher sequentially.&n
NVIDIA's $500B AI Deal: The Market May Be Reading It Backwards $NVIDIA (NVDA.US)$ came under pressure after announcing MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize $500 billion+ of third-party capital for AI infrastructure. The headline sounds like NVIDIA is taking on another huge financing commitment, and Nvidia's 5Y CDS jumps by almost 6 bps after the news. The $500B Is Mainly Someone Else's Capital The key distinction is between stimulating demand and funding demand with NVIDIA’s own balance sheet. NVIDIA has already invested heavily across its ecosystem, including AI labs, neoclouds and infrastructure partners. That raised a legitimate concern: if NVIDIA increasingly has to finance its own customers, AI demand becomes more circular and more of
NVDA Pulls Back to a Key Gap: 4 Price Levels to Watch Before Earnings After surging 11.6% last week, $NVIDIA(NVDA)$ fell 2.9% on Monday to $217.55, with the intraday low reaching $216.77—almost exactly the upper edge of last week's gap. The gap remains technically unfilled, making the latest pullback an important test of whether NVDA's breakout structure is still intact. With earnings due August 26, here are the price levels and fundamental signals worth watching. The first test has arrived: the $213–216 gap Last week's rally left a clear gap on the chart: NVDA's August 4 high was $213.06, while its August 5 low was $216.40. Monday's selloff brought the stock down to $216.77, just $0.37 above the upper ed
NBIS Earnings Preview: Can 2026 Guidance Move Higher Again? $NEBIUS(NBIS)$ is set to report 2Q26 earnings on August 12. The focus is on how much of that demand can translate into higher 2026 revenue, faster capacity monetization, and better visibility into 2027. The Biggest Question: Can 2026 Guidance Move Higher Again? Nebius currently guides to $3.0–3.4 billion in 2026 revenue, while Visible Alpha consensus is already at $3.36 billion, effectively sitting at the top end of the range. Goldman Sachs is even more bullish, modeling roughly $3.59 billion. Why are expectations already so high? At 1Q26 earnings, Nebius said AI infrastructure demand remained extremely strong and that capacity had effectively sold out even at high