All right. Hello everybody. Welcome back to another episode of the market close. I'm sorry I'm late. Literally before going live, the camera was being stupid. I know that's a dog ate my homework excuse, but like three, four times this week, the camera's been done. But we are back. We are live. Uh we got a lot of stuff to talk about, folks. We got the S&P 500 that's trying to get to alltime highs on the close, which is well, I mean, we are basically back to where we were from two weeks ago, which is nice to see. 67194 right here on the S&P 500.

And you've got a rebound, not just on the S&P, but Tessy trying to go for 448. The stock was at 418 this morning. Palanteer up 3% right now. We got the Karp interview on Fox News that we'll take a look at. Robin Hood 13487. Big big day for Robin Hood. You got the S&P 500 again up 6% on the day. SoFi's up 4%. Grab got to 570. Google's up half a percent. AMD up 1.6. Even Amazon breaking 220 on the day at 221. Meta back at 735. I mean, it's been a pretty incredible day. SMCI a little bit more of an ugly day down about 9%.

Uh, and even Bitcoin not doing too bad. Bitcoin was at 106 this morning. now back at 110. So you've seen a obvious rebound across the entire market. Coreweave up 2%, Rocket Lab up 5%, AS flat on the day, but not as bad as it was a couple of days ago. Uh obviously you've got all the other names in terms of high quality growth like a crowd strike 519 that's up 4% of the day. Coinbase is up 1.4%.

So the reason is why is this happening? The reason is why is this happening? And we actually have a bunch of different headlines to talk about uh for why this is happening across the entire board. I think the number one reason is the sellers and the shorts probably got a bit exhausted. It has been a rough two weeks of selling across the board. Definitely for high driven momentum stocks also just random names like uh your average Meta, Apple, Google, right? All the big tech names that got hit and you're starting to see a little bit of rebound.

Number two is Trump is saying a bunch of stuff that seems relatively bullish. So the first thing he said about an hour ago was that he confirmed the October 30th meeting in person with President Xi. October 30th meeting with President Xi. As a result of that meeting officially being confirmed, that is why you're also seeing some more momentum. Uh the market as soon as he announced that started to really like it and you would imagine the market would like that because you know the market enjoys that uh the negotiations are going well.

So that was the first thing. Trump's live right now. He's saying a bunch of things. We'll try to get a bunch of those quotes. One of the quotes he just said was he got a call from Nvidia's Jensen Hang about San Francisco. I'll get some more context on those quotes in a second, but he is he is saying a bunch of things right now. One of the number one things is that the China meetings are set to go for October 30th, which is a day after the FOMC meeting and a day before uh he continues to have meetings with other officials across the world, potentially even Kim Jong-un. So that meeting is going to be very timely next week and very important in terms of seeing what that could actually do.

Uh, so that's why we have I think the market's getting some good momentum and that's going across the entire board. Your Oaklows that is up 4% on the day. So down 30% for the week, up 4% right here. Quantum names have had a pretty interesting morning. So again, these guys were up a lot in the pre-markets. They're not up as much. DW was up 20%, now it's up 13%. There was a report that came out by Yahoo Finance that said the United States government did not have conversations with these quantum companies.

Um, and so that that's when they started falling. Then Regetti gave a quote to CNBC and said, "We are having conversations and and they added, by the way, if the US doesn't invest in us, then someone else will and the US is going to be left behind, which is not a good thing." Uh, and then you had Bloomberg report 20 minutes ago. This was the quote by Regetti to CNBC. Then you had Bloomberg report that no, no, they actually are legit having conversations with a bunch of these companies.

So, I don't think anyone necessarily knows exactly what is happening for sure, but the market is not giving them the massive premium they had in the pre-market, not taking away all that premium. So you have them relatively green on the day but not as green as they were in the pre-market. So just been a wild day for a lot of the uh overall momentum plays.

First of all, money market funds. We have the results. The answer is officially increased. Money market funds increase by 30 billion as you can see right there to 7.4 trillion. 7.4 4 trillion is what we have on these money market funds. So I mean look it it shows that people still want a return that is not going to be uh you know risking any and as a result of that return not risking anything that is why you have these money market funds getting to these levels 7.4 trillion 30.37 billion is what you are uh seeing right there.

Amazon debuting their AI glasses for drivers along with warehouse robots. Amazon unveiled on Wednesday an ambitious suite of AI powered technologies designed to revolutionize both delivery operations and warehouse automation, including smart glasses for drivers and advanced robotic systems that could reshape the company's workforce.

On top of that, Nvidia and Google or Nvidia and Uber, I should say, announced that they are working together to advance autonomous vehicle development. The two are using Uber's large realorld driving data to post train on Nvidia's Cosmos platform. Cosmos is using their synthetic data in combination with real world data, improving simulation accuracy, safety, and performance in complex real world conditions.

Now what do we have after the bell? We have Intel and Ford. Intel and Ford. Those are going to be very, very important earnings. The street, it doesn't have the highest expectations for Intel. Uh, let me just pull up the numbers right here. Intel Street wants 1 cent per share and 13.14 billion in revenue. So, they're not expecting too much. Anything above that would be good.

Intel again did get rid of their dividend about five quarters ago. So, question is just going to be what they can put up on these results. Intel right here is up a decent chunk year to date. It's up 2% on the day. So, you're getting a pre- action move as we get into it. And it's up, yeah, 87% year-to date. I mean, they don't really have room to mess up. But then again, the US government pumped 9 billion into them. So, I mean, who knows? Maybe this gets rerated into the 43s, 45s now that the government's backing them. If they can put up any level of meaningful results, that would get the street excited.

All right, Intel earnings. I think we're going to get them. Are we getting them? Let's see. Yep. Oh, wow. Okay. Hold on. Is this accurate? Before I say it, I want to make sure it's accurate. Are you guys seeing the same thing I'm seeing on EPS? If this is accurate, this stock's going to 40. I feel like it's going to 40.

This is the number I have. This is not a confirmed number. I want to confirm it with multiple sources, but what I'm looking at is they beat EPS by 2,000%. 23 cents versus 1 cent expected. 13.6 billion versus 13.14. Trying to confirm if they actually did con. Yeah, that looks like the number. It looks like the number. That looks I have two sources, three sources now confirming it. It looks like they beat by two,000%.

Well, we know why Donny T invested now. Dude, that's a big beat. 23 cents a share. Are you kidding me? When the street was expecting 1 cent. That's a big beat.

Some more results. Uh gross margins 40% on Intel in the third quarter versus 36% expected. That's a hell of a beat by 4%. Again, Intel's a hardware business, not easy to squeak out a margin. Uh, that's a 4% beat. They see their third quarter revenue 13.65 billion. That's up against expectations. Fourth quarter revenue, they're guiding for 12.8 to 13.8. Data center revenue 4.12 versus 3.97. That's a beat. Client computing revenue 8.4 versus 8.1. That's a beat. Foundry revenue 4.2 versus 4.5. That's a miss. They missed on Foundry. They beat on client computing. They beat on data center. There. There. There it goes. 40. There you go. 40 bucks.

I caught up with Intel CFO Dave Zner just moments ago and he told me that they are pretty short on supply because the data center refresh is happening quote faster than anticipated. They met demand with inventory on hand and he's saying that they're going to be behind in Q1, probably Q2, maybe even Q3 because of this supply crunch.

Ford, uh, I think we have a beat on Ford, folks. Ford is down 4%. Ford, yeah, beat by 25% on EPS, beat by 7% on revenue, 45 cents versus 36 cents. Regardless of what the stock is doing, we as investors care that companies are beating earnings because that can continue to say that the multiple on the S&P is not overstretched.

Not sure why Ford is getting hit. A little bit of reverse. Uh they see their adjusted free cash flow two to three billion instead of 3.5 to four. So I guess that's a little lower than expected. Uh they have a little bit of an adjusted IBA hit in 2025 from one of their factories that went on fire. That's probably why it's getting hit. And then Street wanted 7.5 billion of adjusted Ebida for fiscal year 26. They're coming at 6.5 billion. Again, not the worst miss, but nonetheless, that's probably explaining why Ford is getting hit right there.

How about Deck? Deckers is down not as aggressively. Deckers. Well, now down 4%. Top and the bottom beat by 15%. EPS is up 14% year-over-year. Pneumont that one is up after hours. Wow, another double beat. 19% EPS 5% revenue beat. Digital Realy. Wow. $510% EPS beat. Oh my goodness. This is a $60 billion company, guys. 3% beat on revenue.

The the quick takeaway real quick from all these companies that are beating on EPS is that their margins are probably getting better. Better than what the street thought, which is why they're able to beat these numbers, margins getting better is likely because of two letters, A and I. And if that is true, and we hear a lot of that commentary throughout this earning cycle on these calls, then AI is creating margin improvement, aka it should be expanding the overall multiple on the S&P or at least make sense of why the multiple on the S&P is getting extended.

No, no, we don't. No, we do. Anthropic, they confirmed the deal. They confirmed the deal. Anthropic confirms Google Cloud deal. Anthropic to expand use of Google Cloud TPUs. Anthropic said deal is worth tens of billions of dollars. That is what we got. Wow.

Anthropic confirming the Google partnership. Tens of billions of dollars is the news. They will expand the use of Google TPUs and services. Anthropic will train and serve clawed models with plans to access up to 1 million TPUs worth tens of billions of dollars. In total, Anthropic will have access to well over a gigawatt of capacity coming online in 2026.

Palanteer and Lumen just announced an expanded multi-year multi-million dollar partnership to deploy Palunteer's AI to fasttrack and enhance Lumen's digital networking infrastructure.

>> You know, we don't really comment on the specifics of deals. What I would say is um it is a formative deal for us. We are very very happy to be partnered with you. She I mean she's what basically is happening is you have a business that if it can be transformed in in a couple in a in a year as opposed to 5 years could be the backbone of essentially every AI use case in the country.

>> It's a very large deal and we're very serious about it.

>> we're in a we're in a we're in an arms race here. This is that's all academic super academic. It's like we're going to either have AI and and determine the rules or our adversaries will have it and they'll determine the rules. And it and so this is why these infrastructure things are crazy important because in order to make it work, what do you need?

>> And if you start putting impediments on this, de facto, what's going to happen is our adversaries will build it and we will be buying everything from them, including our ideas of how to run our country. And so like my personal version, Palanteer, what we represent at Palanteer, what we do not impose on anyone else is we're running. We're running like hell and we're going to support anybody, especially people on the front line who can like galvanize this infrastructure and then our clients in the DoD especially and help make the American war fighter the most lethal in the world.

Record $ 38 billion debt sale near for Oracle data centers. Oh, I think that might be it. I think that might be it. That's why all the that that's actually why the Bitcoin miners are running. That's actually why uh record 38 billion. Wow. Yeah. Two minutes ago. 38 billion debt sale near. Wow. Yeah, that's super bullish. Ian, Nebia, Cipher, Cororee, because that signals that if Oracle can get 40 billion of debt financed for guess what data centers, then all these other smaller companies that are not as big as Oracle are probably going to catch a bid for data centers.

Oracle. All right. 123.25 $.25 billion package will go towards funding a data center in Texas and another 14.7 billion in Wisconsin. Wow, guys. This is legit. We got a legit Oracle corporate debt sale of freaking $40 billion. Vantage Data Centers is developing both data centers which are used by Oracle and OpenAI. Wells Fargo, Goldman, Sumitumo, Mit Mitsui Banking Corp. BNP parab by the France thing and then society general have all allocated portions of the financing package after a first round of selecting underwriters.