• ONTO stands out as the clearest AI-related opportunity: revenue, earnings, and guidance beat expectations, with management forecasting 45% growth in 2026; watch upcoming results to confirm demand.
• TTD delivered a strong fourth-quarter outlook—about $755 million in revenue and at least $280 million in adjusted EBITDA—but year-over-year declines and a sharp post-earnings reversal warrant caution until growth proves durable.
• Treat NVDA as a monitor rather than a fresh buy: customer demand was described as intact, but seek clarity on the reported chip discrepancies and China-related investigation before acting.
• For CRWV, NBIS, IREN, WULF, and CIFR, prioritize evidence of operational capacity, profitable contract economics, and manageable financing—not headline backlog alone.

NVIDIA (NVDA)

• NVIDIA fell about 4% on a day when the broader market rallied, while AMD and Broadcom rose sharply. The hosts said investors were weighing the company’s strong products and chip roadmap against uncertainty around CEO Jensen Huang.
• A Bloomberg report discussed after the earnings coverage alleged that inventory reports to U.S. officials omitted roughly 50,000 chips. NVIDIA reportedly said the chips were in additional warehouses, but did not provide a detailed accounting; two data-center operators reportedly disputed receiving some hardware. These claims were not resolved in the discussion.
• The hosts also discussed an investigation into possible chip sales to China and reports that NVIDIA’s general counsel had asked officials to back off a probe. They stressed that the concern for investors was potential company or national-security implications, not Huang’s personal life.
• One host argued NVIDIA could remain a strong business even if Huang left, but also emphasized his role in building partnerships and advancing the AI-computing ecosystem. The discussion noted the potential for legal or governance fallout, while acknowledging the stock’s relatively modest decline.

Takeaways

• The central issue raised was uncertainty, not a change in demand: the hosts said customers had not changed their plans to buy NVIDIA’s upcoming chips.
• Monitor whether the reported chip discrepancies and China-related investigation are clarified. These are material uncertainties that could affect sentiment, even if the company’s products remain competitive.
• The discussion included a view that NVIDIA looked inexpensive relative to its growth, but no formal price target or specific buy recommendation was given.

AMD (AMD), Broadcom (AVGO) and Micron (MU)

• These semiconductor stocks rose as NVIDIA lagged: AMD was up about 13%, Broadcom about 9%, and Micron rebounded from recent lows.
• The hosts described the moves as a recovery from a sharp selloff over the prior weeks, rather than proof that the recent weakness was over.

Takeaways

• The discussion pointed to continued investor interest in AI-related chips and memory, but the rally’s durability was still uncertain.
• Watch whether these companies can sustain their gains and whether NVIDIA-related concerns drive lasting share gains for other chip suppliers.

Anthropic (private; IPO discussed)

• Anthropic was expected to begin its IPO roadshow, with a report in the discussion suggesting trading could start the following Thursday or Friday.
• One host said he might “dabble” if the IPO valuation were $1.2 trillion, describing that as more attractive than $2 trillion. This was his personal view, not a formal recommendation.
• The hosts highlighted new AI models and looked ahead to how increased computing capacity could enable more business use cases and customer spending in 2027 and 2028.

Takeaways

• The potential opportunity discussed depends on both the IPO price and whether customers meaningfully increase AI usage and spending.
• The $1.2 trillion figure was a conditional valuation the host found more attractive; no independent valuation analysis or longer-term price target was provided.

Digital advertising and adtech: The Trade Desk (TTD), Zeta Global (ZETA) and AppLovin (APP)

• The hosts saw signs of renewed strength across advertising-related stocks, citing strong earnings from The Trade Desk and Zeta and recent momentum in AppLovin.
• They said advertising results could also offer useful signals for Meta, Google and Amazon, though no specific investment recommendation was made for those companies.

Takeaways

• The discussion suggests adtech may be recovering, but investors should distinguish between reported growth, forward guidance and election-related revenue.
• Earnings reactions were volatile: several stocks gave back gains after initially rising, underscoring that a strong headline result does not guarantee a lasting rally.

The Trade Desk (TTD)

• The Trade Desk reported revenue of $735 million, above the cited expectation of $650 million, and EPS of $0.33 versus $0.25 expected. Revenue and EPS were still down year over year.
• Its fourth-quarter revenue outlook was about $755 million, compared with a cited Wall Street expectation of $685 million. Adjusted EBITDA guidance was at least $280 million versus $191 million expected.
• The company also authorized additional share buybacks. The stock rose sharply after hours, at one point gaining more than 20%, but later gave back much of that advance. The transcript did not explain the late reversal.

Takeaways

• The stronger-than-expected outlook was the clearest positive signal in the discussion; the year-over-year declines and subsequent share-price reversal temper the picture.
• Track whether future results confirm the company’s expectation of stronger, more durable growth.

Zeta Global (ZETA)

• Zeta reported third-quarter revenue of $493 million, up 46% year over year and 30% excluding Marigold and political-candidate revenue. Adjusted EBITDA was $121 million, up 55%, and free cash flow was $82 million, up 73%.
• GAAP diluted EPS was $0.14; non-GAAP EPS was $0.38. The company raised its 2026 revenue midpoint by $37 million to $1.855 billion and raised full-year GAAP EPS guidance to $0.23, from prior guidance of $0.10.
• Management reported accelerating customer adoption and usage of its Athena AI tools, growing RFP activity, and a pipeline of more than $100 million associated with Zeta Live. It said the Palantir partnership could contribute more than $100 million in annual revenue in the years to come, but also said that contribution was not material to current guidance.
• Management described Athena OS as being in alpha, with customer beta expected during 2026 and general availability expected in Q1 2027.
• Despite the results, the stock initially rose and then gave back its gains. The hosts suggested investors may have wanted more forward detail, particularly updated targets beyond 2026; management did not provide the 2027 outlook on the call.

Takeaways

• The quarter showed strong growth, profitability and cash generation, while the main discussion point was whether future growth can meet expectations.
• Follow the 2027 outlook, conversion of the Palantir-related pipeline into paying business, and Athena adoption. The transcript’s $40 level and post-earnings $25–$26 or $37–$38 ranges were discussed as possible scenarios, not company guidance or formal price targets.

Rocket Lab (RKLB)

• Rocket Lab reported record quarterly revenue of $268 million, up 73% year over year, and a backlog of about $3.57 billion. Its fourth-quarter revenue outlook of $290 million exceeded the cited expectation of $265 million.
• The company reported adjusted EBITDA of $18 million, slightly below the cited $20 million expectation, and an EPS loss of $0.12 versus an expected loss of $0.07. The hosts noted that Neutron’s schedule remained delayed into 2027.
• The stock fell after hours despite the revenue and backlog figures. The discussion suggested the EPS miss and questions about the report may have weighed on shares, but did not identify a definitive explanation.

Takeaways

• Record revenue and backlog are positive indicators, while continuing losses and the Neutron delay remain important execution issues mentioned in the discussion.
• Watch for clarity on Neutron’s timing and the company’s path toward profitability; the hosts did not expect near-term profitability.

AST SpaceMobile (ASTS)

• AST SpaceMobile reported revenue of $42.3 million, below the cited $46 million expectation, and an EPS loss of $0.44, slightly better than the expected $0.45 loss. Revenue was up 187% year over year.
• The hosts highlighted a recent deal with Firefly and said investors would be looking for details about financing and how the company’s connectivity and launch plans fit together.
• Shares fell after hours following a strong session during which they had risen about 14%.

Takeaways

• Rapid revenue growth is encouraging, but the revenue miss and financing questions make the company’s execution and funding needs important to monitor.
• The discussion did not provide a price target or a specific recommendation.

Hims & Hers Health (HIMS)

• Hims missed the cited revenue expectation, reporting about $890 million versus $892 million expected. It also reported a larger-than-expected loss and a lighter revenue and adjusted EBITDA outlook than the cited estimates.
• Revenue grew 49% year over year, subscribers grew 13%, and revenue per subscriber increased 30%. The hosts discussed gross margin falling to 57% from 74% a year earlier, with branded GLP-1 products cited as a reason for lower margins.
• The transcript also mentioned an earlier Lilly partnership and a possible peptide opportunity, but the hosts said they did not closely follow the company. Andrew Huberman was announced as joining the board.

Takeaways

• Revenue and subscriber growth were positive, but the misses, lower margins and weaker outlook were the more immediate concerns discussed.
• Track whether new products and platform expansions can improve growth without further pressure on margins.

Take-Two Interactive (TTWO)

• Take-Two reported net bookings of about $1.6 billion, below the cited $1.65 billion expectation and down 18% year over year. Revenue was about $1.5 billion, down 15% year over year; EPS was better than the cited expectation.
• The company’s fiscal-year bookings outlook of $8.2 billion was below the cited $8.5 billion expectation.
• Management cited anticipation for Grand Theft Auto 6, saying pre-orders were reaching unprecedented levels and describing the launch as close. The hosts said investors may need to wait for the release and results to judge the outlook.

Takeaways

• The near-term figures and outlook were weaker than the cited expectations, while GTA 6 remains the major future catalyst discussed.
• The key question is whether the release and bookings can justify investor expectations; the transcript offered no price target.

Archer Aviation (ACHR)

• Archer reported revenue of $5.1 million, above the cited $3.5 million expectation, but the hosts noted that the absolute amount remained small relative to the company’s valuation.
• EPS was a loss of $0.35, slightly worse than the expected loss of $0.34. Shares fell after hours.

Takeaways

• The revenue beat was modest in investment terms given the company’s current scale, and the loss miss was a negative.
• The discussion points to execution and growth into a meaningful commercial business as the key issues, rather than the single-quarter revenue beat.

Plug Power (PLUG)

• Plug Power reported revenue of $200 million, above the cited $193 million expectation, and EPS of $0.00 versus an expected loss of $0.06. The hosts characterized this as a double beat.

Takeaways

• The quarter was better than the cited expectations, but the transcript provided no further detail on profitability, outlook or the stock’s subsequent performance.
• Further results would be needed to assess whether the improvement is sustained.

Marathon Digital (MARA)

• Marathon Digital reported revenue of $164 million, below the cited $176 million expectation and down 35% year over year. EPS was $1.28, far above the cited expectation of a loss.
• The hosts said many crypto miners were shifting toward neocloud or data-center businesses, and suggested Marathon may be in a transition. No specific cryptocurrency or direct view on Bitcoin was discussed.

Takeaways

• The revenue decline and business transition make it important to understand how much of Marathon’s results come from mining versus data-center activities.
• The transcript did not provide a detailed explanation for the large EPS beat or a clear stock recommendation.

Onto Innovation (ONTO)

• Onto reported revenue of $409 million versus $392 million expected, and adjusted EPS of $2.44 versus $2.30 expected. Revenue was up 88% year over year and adjusted EPS was up 165%.
• Its revenue outlook of $450 million and adjusted EPS outlook of $2.79 exceeded the cited expectations. Management said demand remained robust for next-generation AI and high-performance-computing devices and expected 45% year-over-year growth for 2026.
• Shares rose after hours.

Takeaways

• The results and outlook were strong in the discussion, reinforcing demand for semiconductor manufacturing equipment tied to AI and high-performance computing.
• Monitor whether that demand and growth continue into 2027, as management indicated it expected a strong year.

Sanmina (SANM)

• Sanmina was described as part of the AMD supply chain and rose about 22% after hours. The hosts linked the move to strength in chip-related stocks, but did not provide the company’s earnings figures or a detailed investment thesis.

Takeaways

• The discussion offered a positive market reaction but limited company-specific evidence.
• Further analysis of its earnings and customer exposure would be needed before drawing a view from the share-price move alone.

Lucid Group (LCID)

• Lucid missed the cited revenue expectation, reporting about $350 million versus $400 million expected. Revenue was up only 4% year over year, and losses and adjusted EBITDA were worse than expected.
• Shares fell after hours.

Takeaways

• The reported results were broadly disappointing in the discussion, with weak growth and larger losses.
• The transcript did not identify a near-term catalyst or provide a recommendation.

Occidental Petroleum (OXY)

• Occidental missed the cited revenue expectation by about 2%, reporting $6.77 billion versus $6.89 billion expected. EPS of $1.91 beat the cited $1.47 expectation, while revenue was up 1% year over year.

Takeaways

• The quarter had mixed signals: an EPS beat alongside a small revenue miss and limited year-over-year revenue growth.
• The discussion did not provide a broader view on oil prices or a specific recommendation.

Rackspace Technology (RXT)

• Rackspace reported revenue of $609 million, above the cited $573 million expectation, but down 9.3% year over year. Its EPS loss of $0.06 was better than the expected loss of $0.08.
• The hosts described the company as having become a data-center-related play and noted that its shares had fallen substantially from an earlier high.

Takeaways

• The results beat the cited estimates, but declining year-over-year revenue remains a concern.
• The discussion provided no evidence that the business transition has yet translated into sustained growth.

Robinhood Markets (HOOD)

• Robinhood was described as a possible “real winner” on the market’s rally and was up about 3% during the session. No company-specific news or investment case was provided.

Takeaways

• The mention was based on one day’s share-price performance, not a detailed business analysis.
• The transcript did not provide a specific catalyst or recommendation.

AI data centers and neoclouds: CoreWeave (CRWV), Nebius (NBIS), IREN, TeraWulf (WULF) and Cipher Mining (CIFR)

• The hosts discussed continued demand for AI computing but raised concerns about how neocloud companies finance rapid expansion. They cited debt costs, dilution and the need to turn signed backlogs into revenue and eventual profitability.
• CoreWeave was the focus ahead of its earnings call. One host said the key indicators would be computing capacity brought online, how quickly it can serve customers, and whether the company can add new business at current market pricing.
• The discussion also raised a concern that CoreWeave had committed capacity under long-term contracts at earlier, lower pricing while current computing demand and prices had risen. The hosts debated whether renegotiating contracts would improve economics but could damage customer relationships.
• Nebius and SpaceX were described as having an advantage from selling more capacity at current prices. CoreWeave was not described as a failing business, but as having financing and contract-pricing challenges.

Takeaways

• For these companies, the discussion emphasizes capacity delivery, contract economics, financing costs and cash generation rather than headline backlog alone.
• Investors should distinguish between capacity that is announced or contracted and capacity that is operational and generating revenue. No company-specific price targets were given.

Other stocks and themes mentioned

• Meta Platforms (META), Alphabet (GOOGL), Amazon (AMZN) and Tesla (TSLA): Mentioned mainly in connection with the broad market rally and advertising-sector results. The hosts said Trade Desk’s comments could be relevant to the advertising businesses of Meta, Google and Amazon; no specific recommendations were made.
• QXO (QXO): Mentioned as having a strong day, with a comment that falling rates helped some rate-sensitive or yield-related names. No company-specific analysis was provided.
• USA Rare Earth (USAR): Mentioned as one of the rare-earth stocks to review, but no company-specific results or investment view were discussed.
• Quantum Computing Inc. (QSI): Mentioned as having missed EPS expectations but beaten revenue expectations. No additional analysis or recommendation was provided.

Takeaways

• These brief mentions offered little company-specific evidence. The only broader themes were a rebound in AI-related stocks, renewed attention to digital advertising, and sensitivity among some stocks to interest rates.