Google earnings, Tesla earnings, and the great AI capex debate. This week GOOGL raised capital spending to as much as 205 billion dollars for the year and the stock fell anyway, and we think the market is misreading the whole thing.

Daniel and Shay break down why Google owning the full AI stack (TPUs, cloud, models, and apps) makes this capex the moat compounding, not money burning, with cloud operating margin tripling to 35.6% and a 514 billion dollar backlog as the receipt.

Then a separate conversation on Tesla, where the spending looks very different because the core margins are compressing. Plus the proof the checks are clearing: Intel's 18A foundry node hitting 85% yield with a cloud customer, and ServiceNow crossing a billion dollars in AI contract value.

We close on what we are watching next week and your questions.

Tickers covered: GOOGL, TSLA, INTC, NOW, NVDA & many more!

#FuturumEquities #StockSavvyShay #GOOGL #AICapex #TSLA #BigTechEarnings

97 13

Daniel Newman and Shay Boloor are live today to make the case that owning the Mag7 as a basket in 2026 is the wrong trade. The MAGS ETF is down roughly 2% year-to-date while SPY sits positive, and the spread inside that basket is violent enough to demand individual conviction calls on every name.

Here's what's on the table. Only four of the seven Mag7 components are positive YTD. NVDA and GOOGL are leading while MSFT, TSLA, and META carry double-digit 2026 losses. MSFT fell as much as 26% before recovering, and Azure Q2 growth came in around 40% YoY with forward guidance stepping down to 37-38%. TSLA printed 480,126 Q2 deliveries and beat consensus by roughly 18%, but the question is whether that's a thesis restoration or a one-quarter relief rally. META is sitting near $600 heading into July 29 earnings, and the show's position is that any softening of the $125-145B capex guide should be read as a warning. On the AI infrastructure layer, the bid looks real: combined hyperscaler capex tops $700B in 2026, PLTR is up 14.55% over five sessions to $132.54, and software names like NOW, CRWD, and CRM are repricing to AI-native usage models with structural legs. The macro picture complicates everything though. June payrolls came in at 57,000 against a 110-115K consensus, CPI is running at 4.2% YoY, and Fed Chair Warsh has nine of eighteen officials penciling in a hike. The risk envelope for growth equities is wider than the AI story alone.

This is a live show, so bring your tickers and your questions. Drop them in the chat and Daniel and Shay will take them on air. If you're building a watchlist around earnings season, sizing AI infrastructure names, or trying to figure out which Mag7 components still deserve conviction, this conversation is the place to sort it out in real time.

If this kind of analysis helps you think through the market, a like goes a long way toward getting it in front of more investors. Subscribe and hit the bell so you catch the next live when it drops.

Disclaimer: This episode is for educational and informational purposes only. Not financial advice. Past performance does not guarantee future results. Do your own research before making investment decisions.

#FuturumEquities #DanielNewman #ShayBoloor #AI #Investing #Markets

155 15

Daniel Newman and Shay Boloor are live because Meta just rewrote the cloud infrastructure playbook overnight, and the fallout across CoreWeave, Nebius, IREN, and NVDA is exactly the kind of repricing event this show exists to break down in real time.

The Bloomberg report confirmed Meta is building 'Meta Compute' to sell surplus GPU capacity externally, turning a $125-145B capex guide into an active revenue engine rather than a cost line. That single move puts Meta in direct competition with AWS, Azure, and Google Cloud, and it puts CoreWeave in an existential position: Evercore ISI flagged that roughly $35B of CRWV's $99.4B backlog is Meta-sourced, meaning the company's largest customer just became its most dangerous competitor. CRWV fell more than 12% on July 1. Nebius dropped 14%. The scarcity premium that justified neocloud valuations is under real pressure now, and Bernstein's Underperform reiteration with a $67 price target on CRWV is starting to look less like a bearish call and more like the honest one.

Daniel and Shay will also walk through what this means for IREN and NBIS as collateral damage in a war they did not start, and why NVDA may be the one entity that wins regardless of who ends up renting the GPUs. META itself jumped roughly 10% on the day, which reframes the multiple conversation entirely. ADP June private payrolls came in at 98,000, and that macro read is on the table too.

This is a live show, so if you are tracking AI infrastructure names, holding CoreWeave or Nebius, or trying to figure out where NVDA fits in a world where hyperscalers are the new neoclouds, drop your tickers and questions in the chat. Daniel and Shay will take them on air.

If this breakdown is useful, a like helps other investors find it before the conversation moves on. Hit subscribe and turn on the bell so you catch the next live the moment it starts.

Nothing in this video is financial advice. All content is for informational and educational purposes only.

#FuturumEquities #DanielNewman #ShayBoloor #AI #Cloud #Nvidia

Disclaimer: This episode is for educational and informational purposes only. Not financial advice. Past performance does not guarantee future results. Do your own research before making investment decisions.

148 24

Daniel Newman and Shay Boloor are live today with what may be the most consequential semiconductor print of the year. Micron just reported numbers that don't look like a beat. They look like a structural repricing of what memory is worth.

Here's what's on the table. Micron posted revenue of $41.46B against a $35.84B consensus estimate, non-GAAP EPS of $25.11 versus roughly $20.28 expected, and a record non-GAAP gross margin of 84.9%. The stock moved 15% after hours and is now up 325% year to date. CEO Sanjay Mehrotra said explicitly that memory and storage supply shortages won't see meaningful relief until 2028. That's not a cycle comment. That's a multi-year earnings floor. Meanwhile, HBM4 is entering high-volume production specifically for NVIDIA's Vera Rubin platform, which means MU's supply output now directly gates how many Vera Rubin systems actually ship. Add $100B in signed contracts, a multi-year supply agreement with Anthropic tied to Micron's Series H investment, and you have a situation where the scarcity premium is embedded in the cost structure of every major AI build. Daniel and Shay will also break down what this means for NVDA, AVGO, and CRWV as the AI tax flows upstream, and why SK Hynix and Samsung rallying on Micron's print confirms this is a sector re-rate, not a single-company story.

This is a live show, so if you're tracking AI infrastructure, positioning in semis, or trying to figure out whether MU's run still has room, get in the chat now. Drop your tickers and questions and Daniel and Shay will take them on air. The Q&A is part of the show, not a bonus at the end.

If today's conversation is useful, a like helps more investors find it. Subscribe and hit the bell so you're notified the moment the next live starts. We'd love to see you in the chat.

Subscribe and follow Futurum Equities for live market analysis on the names and narratives moving capital.

Disclaimer: This episode is for educational and informational purposes only. Not financial advice. Past performance does not guarantee future results. Do your own research before making investment decisions.

168 37

Daniel Newman and Shay Boloor are live on The Futurum Equities Podcast, breaking down how and why the Fed just handed the market a regime change disguised as a hold. If you're running any AI or tech exposure right now you need to understand what actually happened.

The Fed kept rates at 3.5% to 3.75%, but that's the least interesting part of the decision. The dot plot median shifted to 3.8% year-end, nine of eighteen officials are now projecting a 2026 hike, and the cutting-bias language got stripped from the statement entirely. The 2-year Treasury confirmed it immediately, jumping 14 basis points to 4.153%. That's the bond market telling you this is structural.

For NVDA, MSFT, META, GOOGL, AMZN, and PLTR, which are all priced on multi-year earnings streams, a higher discount rate compresses multiples even when the fundamentals don't change. Daniel and Shay will pressure-test each name against that reality.

The hyperscaler capex commitments are also load-bearing: META guided $125 to $145 billion, MSFT is at $120 billion-plus, AMZN is at $200 billion, and GOOGL is at $175 to $185 billion. That contracted demand flows through to NVDA's data-center segment regardless of where the 2-year goes.

This is a live show, so bring your questions and your tickers.

If this show is useful to you, a like helps other investors find it. Subscribe and hit the bell so you're notified when the next live drops, and join us in the chat tonight.

Disclaimer: This episode is for educational and informational purposes only. Not financial advice. Past performance does not guarantee future results. Do your own research before making investment decisions.

145 13

Daniel Newman and Shay Boloor are live today with a tape that rewarded Oracle with a blowout quarter and then sold it off anyway, a SpaceX IPO that is about to force billions in passive buying, and a payroll print that just made the Fed's job a lot more complicated.

Oracle posted Q4 FY2026 revenue of $19.2 billion, up 21% year over year. Cloud infrastructure revenue grew 93%. EPS came in at $2.11 against a $1.89 estimate. The remaining performance obligation hit $638 billion, the largest in the company's history, and the stock fell 3% aftermarket. That reaction is the story. Daniel and Shay will break down why the margin-anxiety read is missing the point: contractually locked demand at that scale is not a quarter, it is a decade.

On the hyperscaler side, GOOGL, AMZN, MSFT, and META are on pace for a combined $725 billion in 2026 capital expenditure, up 77% year over year, and Google just backstopped a $35 billion TPU financing deal for Anthropic across five data centers.

Then there is SpaceX, priced at $135 per share at a $1.77 trillion valuation, targeting a $75 billion raise, with SPCX beginning trading June 12 on Nasdaq. Nasdaq and FTSE Russell fast-tracking index inclusion is expected to force $22 to $27 billion in passive buying from QQQ funds within 15 days of listing.

And sitting above all of it: May nonfarm payrolls at 172,000 against an 88,000 consensus, December rate-hike odds jumping to 43%, and 20-year and 30-year yields back above 5%.

This is a live show, so if you are tracking AI infrastructure names, trading the Oracle reaction, watching the SpaceX listing mechanics, or trying to figure out what a hawkish payroll print means for your positions, drop your tickers and questions in the chat. Daniel and Shay will take them on air.

If this helps you think through the market, a like gets it in front of more investors who are asking the same questions. Subscribe and hit the bell so you catch the next live the moment it starts, and come back to be part of the conversation when it matters.

126 9

Daniel Newman and Shay Boloor are live today on episode 44 of The Futurum Equities Podcast with a lot to work through: Anthropic just filed its S-1 confidentially at a $965B valuation on a $47B revenue run-rate, and the ripple effects land squarely on every public name already in your portfolio.

Here's the setup. Anthropic, OpenAI, and SpaceX together represent roughly $3.7T of equity supply heading toward public markets, and almost none of that dilution shows up in the forward models for AMZN, GOOGL, or MSFT right now. That's the unpriced risk.

On the earnings side, Broadcom (AVGO) reported Q2 FY2026 revenue of $22.19B, up 48% year over year, with Q3 guidance of $29.4B and AI semiconductor revenue set to clear $16B next quarter.

Credo Technology (CRDO) tripled revenue to $1.34B in a single fiscal year, with Q4 FY2026 coming in at $437M, up 157%.

CrowdStrike (CRWD) put up a 25% EPS beat, announced a 3-for-1 split, and then dropped 10% after hours because the market decided valuation was the issue, not the platform.

This is a live show, so if you're tracking AI infrastructure names, sizing positions around earnings, or just trying to figure out what Anthropic's filing actually means for the stocks you already own, get in the chat. Daniel and Shay will take your tickers and questions on air throughout the session.

If this kind of conversation is useful to you, a like helps other investors find the stream. Subscribe and hit the bell so you don't miss the next live. The chat is open now.

#FuturumEquities #DanielNewman #ShayBoloor #AI #Earnings #Semis

203 22

In episode 43 of the Futurum Equities Podcast, Daniel Newman and Shay Boloor break down the trillion-dollar stress test reshaping AI infrastructure. NVIDIA's record $81.6B Q1 FY2027 revenue (+85% YoY), $75.2B data center print (+92% YoY), and $91B Q2 guidance confirm Jensen Huang's 'AI factory' thesis is structurally sound.

But the real signal comes from SpaceX's S-1 filing: Anthropic is locked into $1.25B/month payments to xAI for 220,000 GPUs through May 2029, converting abstract backlog into hard contracted obligations. OpenAI and Anthropic's combined $1.05T hyperscaler backlog now underwrites over a trillion in MSFT and ORCL stake value, with both companies IPO-bound in H2 2026. When they go public, the market will reprice anchor-customer concentration risk and circular-deal dynamics in a single mark-to-market event.

Add Moody's downgrade, Treasury yields above 5%, and Google Cloud's $460B backlog nearly doubling YoY, and the AI capex cycle crosses into stress-test territory.

This is the episode tracking whether the infrastructure monopoly holds or reprices on IPO flows. For investors tracking AI infrastructure demand, hyperscaler capital allocation, and the structural validity of the trillion-dollar backlog thesis.

Subscribe and follow Futurum Equities for live market analysis on the names and narratives moving capital.

131 6

AI infrastructure dominance, Cerebras IPO froth, and AMAT blowout earnings. Watch as we break down why picks-and-shovels (AMAT, ASML, MU) outperform speculative bets, detail NVIDIA's pre-earnings pressure ($90B+ guidance needed), and reveal our top 3 SaaS conviction names: CRWD, NOW, and SNOW.

Plus: why SoFi is a broken stock, not a broken company, and our largest conviction bets (RKLB, MELI, SOFI).

Timestamps:
0:00 — Cerebras IPO: $70B valuation, 70x P/S, and why it matters
1:22 — NVIDIA: Still king, but street expects $90B+ guidance
5:46 — Applied Materials Q2 beats, guides 30% growth next quarter
13:22 — TSMC partnership signals NVIDIA Q expectations
16:51 — SOX at 9-year high RSI; semi supercycle intact
19:05 — Figma's 139% NDR: Is software finally waking up?
25:55 — Optical networking: AAOI vs. COHR durability test
32:45 — NVIDIA pre-earnings deep dive: $78B guide, $86.6B street, $90B+ needed
34:35 — SoFi: Broken stock, $9.50–$10 book value floor
40:05 — AI demand is through the roof (and it's not slowing)
47:03 — MercadoLibre & SoFi: Best 3+ year opportunities
47:22 — Rocket Lab: 25% conviction position, Q1 launches exceed all of 2025
50:47 — AI supply chain inflation: 50–75% price increases, days-to-weeks notice
51:13 — ServiceNow: New position, 15x FCF → 25–30x FCF target
53:46 — CrowdStrike: Top SaaS conviction, Anthropic + OpenAI partner
55:42 — Snowflake: Third software conviction, competition & profitability caveats

Key Themes:
• Picks-and-shovels (semiconductor equipment, memory) outpace speculative IPO froth
• NVIDIA needs to guide above $90B to prove acceleration continues
• SaaS inflection: Security (CRWD), agentic workflows (NOW), data ops (SNOW)
• Conviction bets: RKLB (space economy), MELI (LatAm e-commerce), SOFI (3+ year thesis)

This show is for investors tracking AI infrastructure acceleration, capital allocation in the semicon stack, and the leading indicators hidden in enterprise-layer order flows.

Subscribe to Futurum Equities for live analysis of the earnings cycles and infrastructure narratives reshaping tech investing.

80 5