Transcription
Hey everybody, stay with me. We're just getting up. I'm getting up to speed here. Uh, let's pull up AVGO. We're going into the call now. Give me one sec.
I'm just getting set up for this. I don't know if you're going to be able to hear me on the call. Um, what we're going to have to do here are a couple things. Give me a sec. Let's make sure I got this set up right. There's the only way I can do this uh and have tonight is also just have this set up right now so that I don't have to uh give me one second, guys. I guess we'll have to do it this way. Put that in there. Pin it. All right, so that's pinned. Uh, what else do we have to do here? Let's get on this and let's start listening and see how this goes.
Um, they missed a revenue number and that's not great. I don't think you can hear me or hear the call while I'm doing this. So, little music. This room burns and we'll see how this goes. Yeah, you're not gonna be able to hear the call. So, what I'm going to do, hold on one second. So, here's the length. That's going to just be that. Hold on. So you could go there and listen, but they missed a key metric on this AI chip and he's going to have to explain it or it's going to be an issue. When I first read it, I thought it was fine. And I actually got lucky and bought it in here. And I trimmed, came back, trimmed into this bar. Here we go. That's not great. So, it's starting already struggling with that, but I just want to see if they can explain why they missed. Now I'm playing the call. You won't be able to hear it because it's through my speakers. That's why I put this in right here. So if you want to listen to the call while I'm talking, just click on that. So I can only repeat what I see. So there was a number that they missed. It was 172 on a chipset and they came in at um and that was the uh expected and they came in at 16. That was the actual. So that's the issue. So we're already rejecting right here. We're already rejecting VWAP. All right. She's starting now. Now I went dead. Okay, that's not all inspiring. I think you hit the wrong button. Them internets, they'll sneak up on you. So thing record revenue. I know. US movers. Welcome C3 AI strong. So bookings were really good. So 30 billion in bookings. That's why it's moving. You see it moving on that. So the point he's saying right here, if you're not going to be able to hear it, but he's saying the six 17 billion, that number for next quarter was 17 billion. They're lowering their guidance on AI chips. That's not great. That's why it's doing this right now. That's why it's selling down. They're realizing what we already know. That's why it's doing that's why it's selling down because the rest of the street's now realizing it. So the stocks itself, SO XL should dump too and it is. So this is why he's talking about the bookings and then he's talking about that guidance number right here. And that's why I did that. It's only 20 points in a minute. This can get ugly. This is the break. If you can't get over that, you're going to have a problem. So, right here is where he came out and said it. And when people are understanding what this was, that's why they're doing this. This is one of the reasons why I pay so much money for information, by the way. Perfect. I don't know if it's a fraud, but this isn't great. 420 is a huge level. 420 is an enormous level for it, but I don't I don't know that it's going to what it's going to do. I'm just telling you, I have no idea, but it's going to spread overnight. That's my That's my larger concern. Like, it's going to spread to all this crap overnight. I wasn't going to have time to do this and listen to this call and I wanted to do the call live so people got it. But this is the problem and that's why it acted exactly like it acted. I would have preferred it to go up but that's not what that's not what happened. I mean, the easiest thing to do is this, but you got to be careful because you have a lot of the memory names. The memory names can still balance, but it's not good. It's the first real myth in AI, and we have to talk about why it is. It's going to affect everything. It will affect everything. It'll affect storage. It'll affect memory. But you really want to watch that level right here. 420 is huge for this stock. No one cares about non AI. But you're holding that area. If it breaks that, you're going, you can see 400. IBM was weak today. So, this is a big level here. I'll show you the level why I'm listening to him. That's a big level because you're gap filling in here. This is a big level here and you're through it. It's not great. So, we're through that. It's not great for tomorrow. Certainly not great for some of my options, but it is what it is. That's the game. Gee, let's get back to it. So, you're trying to flip 420 and you already broke it. Well, I want to see what it does, but I I the call is not going to be great. No, because it's all about connectivity. It seems to be leaning that way, but I don't know. I don't know why why that would go up unless they're saying TPU is not going to go up, therefore this should go up. But I I don't know. I'd be really careful with that. I think the safer thing to do, you guys do what you're comfortable with. I think the safer thing to do is see if the semiconductor index itself catches because if that catches, that's a good sign. AVGO just held 420. This nightmare again. It's not looking great. It's probably going to retest that for that level. I wouldn't be trying to bottom fisher. I mean, I I really would. Not yet. I'm not even so sure it holds. We also have this going on too. Crowd strike's a mess. Their guidance was just in line, which it is what it is. I mean, it's not going to monster run to it. I can do both. Thank you though. I appreciate it. Apex, I'm flat on the stock, so it's easy for me to talk now. Yeah, that's You got some really bad levels here. So, this stuff's trying to hold, but the crowd strike's in a lot of trouble. There's no bed. But Sam talking about margins now. There's a decline in gross margins. She's saying it's okay. That's not going to go over well. It's not It's not okay. They were 74%. And now it's 68%. So they're saying it's the product mix. So that's not good. You're probably going to break. I'm probably going to regret that closing that. Here come the question. JP Morgan I think Erin, I think it's going to hurt Sanis. I think it's going to hurt the whole market tomorrow. It's It's the first It's the first AI miss and they're not explaining it. So, it's not going to be good for semis. I don't think it's going to be good for the market. There's just smoke in names. I can only give you an opinion. I mean, I think you're better off staying out of the way until it settles tomorrow. I don't think positioning that great is going to make that much difference. Um, I think semis have an issue here from the big runup. Same with software. Like you don't have anything that caught. Nothing really caught tonight. Software was bad and semis are not good. Like it's not good that AVGO is missing. So it's going to be a problem tomorrow. The function is how bad is it really going to be? I don't know if it's enough to scare you out or not. I don't know. I mean, you're going to go for a ride tomorrow for sure. All these names are going to go for a ride tomorrow. Like all of them. So, you definitely don't want to bottom fish. Do you want to go short? I can't picture Asia is going to be too excited about this. So, you look at the Asia market, too. But, you know, you might just be better off coming in as flat as you can, dealing with it tomorrow. But, um, do they take advantage of it and try to buy, you know, some of the memory names tomorrow or do they buy the memory names tonight? It's a really good question. I I don't have an answer to that. You I mean, I guess my answer would be no. Uh, my answer would be yeah, emphatically no. The way this is going, so they're going to uh they're going to definitely smoke us tomorrow off the open. Um, let's take a look at AVGO again. You can screenshot that if you want, but that's your entire thing. And so, you know, it is what it is. So, he's asking about the Google agreement. He's saying it's a strong agreement. That's good. Give me a second here, guys. Kind of stuff. There's the gross margin picked back. We got a problem here. One more. So, you're at least going back to I would think you're going to head to here at least. That's 260. We're going to watch right here. Yeah, there goes. There it goes. It broke for layer 407 on it. See what they do here. This call is not going well. It's actually getting worse. You can see that through AVGO. I have to watch this. I have a bunch of trades on, guys. We want to see if it holds here. If it breaks, if it breaks here, we're going to 57. I think they're heading to 400. They're trying, but I mean that that's that's ugly, man. Trying to hold it. Still having an issue. It's like you're not really See, when you know this stuff and you know what to look for, that's where you can make money. If you knew when he said bookings, it went up. When he explained the actual versus expected, that's why you got smoked. You look at the difference from there, it's $20. Look at the difference to that to what to your socks positions, your micron position, you know, it adds up. So he's talking about 28 being really strong, you know. Okay. No one said great quarter or anything like that. Things are really coming in. Good question, James. This is why I know in like fundamentals it's so important. I'm really surprised some of these things aren't down more. I mean, people are, you know, you would think like that's not really down a lot. Micron Sanders, like I thought these things be down 100 points. Not even close. So, it's actually a really good sign. But maybe it's going to be more muted. That's we'll have to say. I'm really surprised. Where are we here? 80 basis points. It's really not that bad. I don't know that they're going to buy the debt. I don't know if I'm going to drop anything high. He's explaining the anthropic deal right now. Guys, I'm going to have to go. I have to get on a conference call. I just think you're better off I really think you're better off playing defense right now until we figure it out. But hopefully they keep it to this company. I don't see the president doing a damn thing here. You are trying to hold 800 on the stock. Yeah, I mean that's what really what it boiled down to too. I I I mean I put some shorts on when it hit just to cover it, but I still have a lot of stuff outstanding. I really can't hedge. Not properly anyway. All right, guys. I'm around. See you tomorrow. Bright and early on time. Make their choices tonight. See you.