The after-hours print is a positioning event, not a fundamental one, and positioning unwinds fast. Broadcom reported revenue up 48% year over year to $22.19 billion, adjusted earnings of $2.44 against a $2.40 consensus, and AI semiconductor revenue of $10.8 billion — up 143%. The Q3 total-revenue guide of roughly $29.4 billion came in above the $28.53 billion Street estimate. … [Read more...] about Broadcom Fiscal Q2 2026: The 143% the Tape Ignored
Micron Has Earned Its Place in AI Infrastructure. Its Stock Price Has Not.
Micron Technology crossed one trillion dollars in market capitalization this week, propelled by a 19% single-session surge after UBS tripled its price target to $1,625 per share. The stock has risen from a 52-week low near $92 to an all-time high above $895 — a move that, in percentage terms, resembles the behavior of an emerging-market speculative vehicle rather than a mature … [Read more...] about Micron Has Earned Its Place in AI Infrastructure. Its Stock Price Has Not.
Snowflake Q1 FY27: The Sequential Growth Number That Ended the Deceleration Narrative
The Thesis Snowflake's stock did not rise 37% in aftermarket trading because of a revenue beat. It rose because the earnings report contained a single data point that invalidated the dominant bear thesis against the company. That thesis held that Snowflake's growth was structurally decelerating — that the consumption model would plateau as customers optimized workloads, that … [Read more...] about Snowflake Q1 FY27: The Sequential Growth Number That Ended the Deceleration Narrative
D-Wave Q1 2026: $11 Billion for a Company That Recognized $2.9 Million in Revenue
The Valuation Is the Story, and the Story Is Indefensible Strip away the press release language, the conference appearances, and the analyst cheerleading, and D-Wave Quantum's Q1 2026 report reduces to a single, damning arithmetic problem. The company's market capitalization is approaching $11 billion. Its quarterly revenue was $2.9 million. Annualized, that is roughly $11.6 … [Read more...] about D-Wave Q1 2026: $11 Billion for a Company That Recognized $2.9 Million in Revenue
The Quantum Rally Playbook Is Running Again. It Ends the Same Way.
On May 21, 2026, D-Wave Quantum gained 33 percent and Rigetti Computing gained 30 percent in a single session. IonQ was up double digits. The catalyst was a Wall Street Journal report that the Trump administration is preparing a $2 billion federal grant package for quantum computing companies under the CHIPS and Science Act, alongside a new executive order targeting the … [Read more...] about The Quantum Rally Playbook Is Running Again. It Ends the Same Way.