Two of the largest companies in the world reported within a day of each other and the market sent them in opposite directions. Apple fell about 6% and kept falling, touching $300 on Friday after closing at $333.43 the session before. Amazon rose more than 15%. The convenient story is that one company is winning the AI trade and the other is losing it. The more useful … [Read more...] about Apple and Amazon Earnings: The $20 Billion Memory Line That Explains Both Stocks
ServiceNow (NOW) Q2 2026: The 98% Renewal Rate Matters More Than the $1 Billion AI ACV
ServiceNow fell 6.47% on July 22 and closed at $95.46 hours before it reported one of the strongest quarters in its history. Almost nothing in that selloff was about ServiceNow. A Pegasystems miss dragged the enterprise software complex, IBM had warned on July 14 that clients were rotating budget out of software and into AI hardware, OpenAI had just launched Presence, an … [Read more...] about ServiceNow (NOW) Q2 2026: The 98% Renewal Rate Matters More Than the $1 Billion AI ACV
Arm, Qualcomm and UMC Report the Same Day at Three Different Layers of the Stack
Arm Holdings reported first quarter results for the fiscal year ending 2027, Qualcomm posted its earnings release, and UMC reported second quarter 2026 — all within the same session. Magnachip and Impinj reported alongside them. Read individually, five semiconductor prints. Read together, an unusually clean cross-section: intellectual property licensing, fabless design, and … [Read more...] about Arm, Qualcomm and UMC Report the Same Day at Three Different Layers of the Stack
Bloom Energy (BE) Q2 2026: Warranty Accruals Hit 4.2% of Product Revenue, Seven Times Last Year’s Rate
Bloom Energy crossed a billion dollars in quarterly revenue for the first time, and every headline led with it. Revenue of $1,065.4 million against $401.2 million a year ago, product revenue up 215.4%, GAAP operating income of $182.2 million versus a loss, non-GAAP EPS of $0.78 against a consensus near $0.41. Guidance went from $3.4–3.8 billion to $3.9–4.2 billion. The stock, … [Read more...] about Bloom Energy (BE) Q2 2026: Warranty Accruals Hit 4.2% of Product Revenue, Seven Times Last Year’s Rate
SK Hynix Q2 2026: DRAM ASPs Rose 30% and the ADR Still Made a Record Low
The number that moved the stock was the shortfall against consensus. Revenue of 79.32 trillion won against roughly 83.4 to 84 trillion expected, operating profit of 60.54 trillion against roughly 64 trillion — a 5.5 percent miss on the top line and a 6.6 percent miss on operating profit. The number that describes the business is a different one. DRAM average selling prices rose … [Read more...] about SK Hynix Q2 2026: DRAM ASPs Rose 30% and the ADR Still Made a Record Low