The Earnings Edge
Earnings call analysis & market intelligence
Ep 6: Nvidia's $286B Swing, Dick's 25% Crash, and Bitcoin Breaks $80K
August 25, 2026
Nvidia reports Q2 Wednesday and options traders are pricing a $286 billion single-day swing. The stock enters earnings on its worst losing streak since 2022, yet at 25x forward earnings it's cheaper than the Nasdaq 100. Dick's Sporting Goods crashes 25% after its Foot Locker acquisition swings to a loss. Bitcoin crosses $80,000 as the debasement trade goes mainstream. Oil falls below $90 after the Navy clears Strait of Hormuz mines. Intuit and Zoom report after-hours.
Show notes →Ep 5: Walmart's Beat-and-Crash, Treasury's Failed Bond Rescue, and the Iran Oil Shock
August 21, 2026
Walmart beats on earnings and crashes 9% on a comp sales miss. Treasury tries to rescue the bond market and fails — yields bounce right back. National debt hits $40 trillion. Trump vows economic D-Day against Iran, sending oil to $94. Energy stocks are the safe haven while tech crumbles. Apple's low-AI-spend strategy emerges as a deliberate hedge. Moderna surges 177% on a cancer vaccine Phase 3. Banana bonds warnings deepen — $3 trillion in off-balance-sheet AI debt.
Show notes →Ep 4: Nvidia's $600B OpenAI Deal, Banana Bonds, and the 13F Split
August 18, 2026
Nvidia locks in $600 billion of OpenAI compute through 2030 — the largest AI infrastructure commitment in history. Bond King Gundlach calls it "bonds backed by bananas." Home Depot beats as the consumer holds. Meta's $1.4 trillion trial begins. Oil breaks $85. Smart money splits down the middle — Loeb exits tech, Tepper adds CoreWeave, Dalio boosts SPY.
Show notes →Ep 3: CoreWeave's $104B Backlog and the AI Supply Squeeze
August 14, 2026
CoreWeave doubles revenue with a $104B backlog and raises prices 25%. Nebius auction clears 15% above high. AMD's record $5B bond sale. Applied Materials sees unprecedented demand with 8-quarter commitments. OpenAI hits $40B run rate. Norway's SWF invests $1.22B in SpaceX. BCA Research says electricity is the next AI bottleneck. Burry's shorts get squeezed.
Show notes →Ep 2: Microsoft Breaks $500, Memory Sector Warning, and the Burry-Eisman AI Clash
August 7, 2026
Microsoft closes above $500 for the first time ever. SanDisk's record earnings get punished with a 10% selloff. Nvidia weighs cutting memory on Rubin Ultra. Google's AI brain drain gets a name: DiscoLoop AI. And the Burry vs Eisman debate over the AI bubble heats up.
Show notes →Ep 1: Intel's Blowout, Alphabet's Capex Shock, and the AI Infrastructure Race
July 24, 2026
Intel Q2 blowout — EPS doubles the estimate, 18A in volume production. Alphabet raises capex to $205B and freezes buybacks. Oracle wins a $7B defense contract. How the compendium themes are converging in real time.
Show notes →