During the lead up and climax of the dotcom bubble, retail investors were calling Buffet a dinosaur and saying he was "out of touch" when he refused to buy the dotcom garbage and was holding cash. Fast Forward to 2026, online investors are saying generally the same thing about him/Berkshire.

The sentiment online is literally "Buy the dip bro! Stocks only go up!"

Yet the person widely seen as 'the greatest investor ever' has amassed roughly 1% of the US GDP in cash...

It is obvious Buffet is expecting a cash by his actions not his words. He can't come out and say the market is looking like it might/will crash but it certainly seems like that is what he believes based on the fact Berkshire is holding 59% of thier investable assets in short term treasuries/cash/cash equivalents

Tesla already released its operational numbers: 480,126 vehicles delivered, a record, up 25% year over year, production at 451,758. Full financials drop tonight after market close.

Tesla itself says deliveries alone don't tell you much about profit, average selling price, costs, and FX still matter.

Here's what's actually worth watching once the numbers are out:

1. Automotive economics. A delivery increase can still coexist with margin pressure. Watch gross margin, regulatory credits, pricing, and cost per vehicle, not just the growth headline.
2. Did growth convert into cash? Free cash flow can swing hard quarter to quarter from inventory and capex timing. One print isn't the whole story.
3. How much of the AI spend is productive now versus still a bet on the future? Compare capex growth against actual milestones, not the narrative around it.
4. What's the real evidence on robotaxi and autonomy? Deployment, safety data, and paid usage are stronger signals than demo videos. A pilot and a scalable network are very different stages.
5. Is Optimus becoming an actual business, or still pure optionality? Track production, reliability, and unit cost rather than folding it into the core business without a real discount.

What's the one number you're actually watching for tonight?

Looking for some advice because I’m honestly too emotionally invested to think clearly.

About a month or two ago my portfolio was around $11k. Now it’s worth about $7k, so I’m down a little over $4k.

My biggest position is LUNR. I put about $6,500 into it at an average of $22, so it’s by far my largest holding. I also own some RKLB and a few other stocks.

I don’t need the money anytime soon and my plan has always been to invest for at least 5 years, but seeing this kind of drawdown has definitely messed with my head.

Part of me keeps thinking that if LUNR can eventually get to around $26, my whole portfolio would basically be back to break-even. I don’t know if that’s a reasonable way to look at it or if I’m just anchoring to a number because I’m down so much.

If you were in my shoes, would you just hold and stop looking at it? Keep averaging down? Or accept that the position got too big and start diversifying?

I’m not looking for people to tell me everything will be fine. I’d rather hear honest opinions, even if you think I screwed up.

EDIT: Just to clarify, this isn’t my entire portfolio. It’s just my space, aerospace, defense, and related technology portfolio, so it’s intentionally concentrated.

There is absolutely no way Google lets Reddit go. Google Search - per Google’s own Search AI - states that Search relies heavily on Reddit through its data-licensing partnership and also to train its Gemini models. Google currently only pays Reddit $60m a year. This is an absolute STEAL. Considering that Google capex is expected to rise to $45 billion this quarter alone, coupled with the news earlier that Google has started its “most ambitious pre-training for the upcoming Gemini 4 model”, there is no way Google continues a stand-off with Reddit or risks letting them walk. The downside of playing chicken with Reddit far outweighs them just paying Reddit a higher fee to continue to use their content. I think they will easily pay Reddit $1bn a year to renew their license. That would be +50% Reddit’s 2025 TOTAL revenue.

TL;DR Google will absolutely just pay Reddit more money for AI licensing. $RDDT is wrongly punished for this when it should only be seen as bullish. NFA

Micron is destroying a lot of investors.

The problem is that there's this narrative out there that the stock will moon, but the technicals say otherwise.

The 50 EMA broke on the daily and the stock is consolidating now. I've made predictions with TA on Sandisk and have been proven correct. Regardless, I keep saying this, but even some basic chart analysis will tell you that Micron is stalling.

There won't be another massive rally upward. Yet the public is still completely convinced that there will be.

And look at what's happened the past week.

Many people ALREADY SOLD. Prices dipped into the 800s, there was a lot of panic selling.

Price is back up towards $1000 per share, and still people are not taking this as a lesson to sell everything and get out with some profit or minimize the damage.

People are still holding, or worst people are buying back in.

Literally tons of money has been lost on Micron this past 1-2 weeks. People losing life savings, etc

It's really bad.

SK Hynix is officially denying market speculation that it will acquire Intel’s semiconductor production facilities in Ohio, United States.

Through a clarification disclosure on July 22, SK Hynix stated that it has neither pursued nor decided on the acquisition of Intel’s Ohio site and fab. Previously, some media outlets reported that SK Hynix was in negotiations with Intel to acquire the Ohio campus with the goal of producing memory semiconductors locally in the United States within five years.

The background to this acquisition rumor lies in Intel’s deteriorating performance and the adjustment of its investment plans. Intel is constructing two large-scale semiconductor plants in New Albany, Ohio, but has recently delayed the operational schedule from its original plan due to management difficulties. Intel has established a policy to complete the construction of the first fab in 2030 and begin operations around 2031.

SK Hynix added a principled position that it continuously reviews various investment and acquisition opportunities for business purposes. This is interpreted as an intention to maintain strategic options to respond to the rapidly changing semiconductor market environment, while denying the acquisition of a specific fab.

Currently, the production investment SK Hynix is officially pursuing in the United States is an advanced packaging plant in Indiana. The company is investing approximately $3.87 billion in West Lafayette to build High Bandwidth Memory (HBM) back-end processing and research and development (R&D) facilities. This facility is characterized as a back-end processing hub that stacks and connects produced chips, rather than a front-end processing facility that engraves circuits onto wafers.

The industry anticipates that if SK Hynix establishes even a front-end processing fab locally in the United States, it will entail a massive cost burden and operational risks. A semiconductor industry official explained, “Directly operating a front-end processing fab in a situation where manufacturing costs in the United States are high is a matter that requires close review in terms of profitability.”

Market experts forecast that SK Hynix will focus its capabilities on completing and operating the Indiana packaging facility for the time being. This is because securing back-end processing technological competitiveness is an urgent priority in a situation where HBM demand is surging due to the expansion of the artificial intelligence (AI) market.

However, if the scale of subsidies under the United States government’s CHIPS Act and demands for local production intensify, the possibility of reconsidering the acquisition of front-end processing facilities in the long term cannot be ruled out. SK Hynix plans to closely monitor market conditions and operate its investment strategy in a direction that can maximize corporate value.

https://www.businesskorea.co.kr/news/articleView.html?idxno=273424

The most significant AMD AI-related deals and partnerships announced recently include:

1..Anthropic (announced today)

• Anthropic will deploy up to 2 gigawatts of AMD Instinct MI450 GPUs beginning in 2027.

• AMD committed to invest up to $5 billion in Anthropic, subject to deployment milestones.

• The companies will collaborate on optimizing Claude for AMD hardware and improving AMD's ROCm AI software stack.

2.. Microsoft (announced this week)

• Microsoft is expanding its use of AMD's AI infrastructure by deploying AMD's Helios AI platform for Azure AI services.

• The partnership also includes broader deployment of AMD EPYC processors and networking technologies across Azure. Financial terms were not disclosed.

3.. OpenAI (previously announced)

• OpenAI previously announced a multi-billion-dollar agreement to purchase AMD AI chips, centered on the MI450 platform, making it one of AMD's flagship AI customers.

CGT

Summary

The Bank of Korea (BOK), in collaboration with major commercial banks and government financial authorities, plans to launch a 24-hour offshore won settlement network called BOK-WireInt in September, with full operations scheduled for January. This initiative allows foreign investors to settle Korean won transactions through home-country banks during their local business hours without needing accounts in Korea, accompanied by eased restrictions and higher thresholds on foreign exchange reporting.

Significance

• Overcomes Time-Zone Barriers: Operating 24 hours on business days eliminates the need for overseas investors to wait for South Korean business hours, dramatically reducing friction in foreign exchange and international settlements.
• Major Structural Overhaul: This represents the most substantial reform to South Korea's foreign exchange framework since the 1997 Asian financial crisis, reflecting a massive regulatory shift toward financial openness.
• Paves the Way for MSCI Developed Market Status: Improving currency accessibility addresses a longstanding obstacle in South Korea's ongoing bid to be upgraded to the MSCI Developed Markets Index.
• Drives Won Internationalization: By lowering regulatory hurdles and allowing offshore banks to handle won transactions, the initiative aims to boost global liquidity and turn the won into a more widely held international asset.

https://www.koreatimes.co.kr/economy/20260721/korea-to-launch-pilot-offshore-won-settlement-network-in-september

"Cash drag" and "inflation" aren't good arguments in favor of blindly investing for the sake of investing when your timeframe for deploying capital is within a 3 year period. This "cash drag" thing is repeated ad nauseum on reddit to anyone expressing doubt about buying stocks or expressing interest in selling stocks that they own (funnily enough, except for in Wallstreetbets.)

Despite M2 expanding by 3900% since the 1970s, S&P has dropped by more than 30% 12 times. Inflation did not pause or reverse when any of those happened. Stocks can and will drop 30, 40, 50, 60, 70% during red hot inflation. You aren't compensated by this loss with deflation, you lost in both directions.

If our economy is so different since 1970 (which it absolutely is), why did 3 of these 12 events happen in the past 25 years?

If we're not Japan, why did we have two lost decade episodes since 1970 where stocks were flat and real returns negative for 9 years? Inflation raged on during these, it didn't get put on hold just because your stocks went nowhere (after they crashed first).

If real returns have supposedly been parabolic since ZIRP was implemented, and the S&P is a "guaranteed 10% per year" why does the S&P to gold ratio show that the S&P has actually declined relative to gold since 1962? Gold is a terrible investment, but this does not say nothing about our economy.

When I see people saying Warren Buffett should have used some of his cash to bought S&P 500 index funds or shares of semiconductor stocks because his "cash was dragging" and "inflation was eating him alive" I just have to wonder if any of them have any risk management protocols for their money at all. I'm not saying emulate Buffett or take him seriously.

"Don't time the market, DCA into an S&P 500 index fund" is actively engaging in market timing. You are choosing to buy at the current price, and you are NOT choosing to NOT buy. You'll have to "time the market" every single year of your retirement with the 4% rule if you believe in it, too.

Blindly saying "S&P500 index fund" or "buy the stock now or your cash drags" isn't always the correct 1 size fits all advice, and sometimes it's simply incorrect advice in the context of macroeconomic factors.

Google reported $45B of capex in 2Q26, totaling $80.6B for 2026. They have guided $180-190B, implying they plan to spend $100-110 in the second half of 2026.

How do they plan to pull this off when Free Cash Flow was negative this quarter? Note, this is the first time they have EVER had negative FCF since their IPO. They already tapped capital markets several times this quarter ($30B common equity, $19B convertible preferred, $25B net debt).

I realize that they have $240B in cash on their balance sheet, but they won’t be able to fund another year of spending at this level unless they tap capital markets further, which seems highly unlikely

Sony’s stock has fallen recently, mainly because of concerns about its PlayStation business, so it’s trading at a lower price than before. At the same time, the new Spider-Man movie is generating a lot of hype, with strong advance ticket sales and expectations that it could be one of the biggest movies of the year.

I’m wondering if buying Sony stock before the movie releases could be a good short-term investment. If the movie performs extremely well, could it boost investor confidence enough to raise Sony’s stock price? Or has the market already priced in the movie’s expected success, meaning there may not be much of a jump even if it breaks box office records?

If I bought shares now, would it make sense to sell a few days after opening weekend, or is that too risky since Sony’s stock is influenced by much more than just one movie?

On Tuesday Nvidia disclosed a 9.3% passive equity stake in Nebius Group, a Dutch AI cloud infrastructure company, Nebius shares were up nearly 19% while Nvidia itself ticked up almost 2%.

Nebius is one of the neocloud players, companies that buy huge amounts of Nvidia GPUs and rent out the compute to AI labs and enterprises who don't want to build their own data centers. It's like a landlord model for AI compute. CoreWeave is the most famous name in this category, Nebius is one of the fastest-growing challengers and it's been on a run this year because of long-term compute contracts with major AI labs.

The interesting thing is that Nvidia doesn't need the money and doesn't need the yield. What Nvidia gets is a guaranteed customer, every dollar Nebius raises to build out capacity is a dollar that very likely buys more Nvidia GPUs and every data center Nebius builds is more distribution for Nvidia's chips reaching AI labs that don't want to negotiate hardware deals directly with hyperscalers. This is the same playbook across the ecosystem this year, Nvidia financing GPU purchases for smaller cloud providers, OpenAI taking equity stakes from its own partners, chipmakers and labs increasingly owning pieces of their own supply and demand chains.

The timing is worth noting too, this stake disclosure comes shortly after reports that Meta poached a senior Nebius executive to help build Meta's own cloud compute selling business. Both things can be true and both are bullish like for Nebius, being worth stealing talent from and worth taking a stake in, both signal the market thinks this company matters.

Today actually matters a lot for how this whole AI story will be interpreted. Alphabet and Tesla report after the today's close and multiple outlets are already framing it as the real test of whether all this AI spending is translating into actual earnings. If Alphabet's capex guidance and Cloud numbers come in strong, this Nvidia-Nebius stake will start looking like a smart foresight. If they disappoint, every one of these ownership deals across the AI chain is going to feel maybe painful.

So does Nvidia taking equity stakes in its own customers strike as smart vertical alignment or does it add to an already a saturated AI ecosystem filling with of circular financing concerns.

Tesla reported weaker-than-expected earnings for the second quarter even as revenue topped estimates. The stock slid in extended trading on Wednesday.

Here’s how the company did compared to Wall Street expectations, according to estimates from analysts polled by LSEG

• Earnings per share: 33 cents adjusted vs. 51 cents expected
• Revenue: $28.24 billion vs. $25.71 billion expected

Tesla’s earnings report lands in the midst of a steep decline in its stock price, which is down about 11% this month and 17% for the year. That slide has coincided with a drop in SpaceX, Elon Musk’s other trillion-dollar company, which held a record market debut in June and has lost more than 40% of its value since its peak close.

Source: https://www.cnbc.com/2026/07/22/tesla-tsla-q2-2026-earnings-report.html

https://finviz.com/stock?t=CHTR&ty=c&ta=0&p=d

I was digging into Charter Communications (CHTR) and something caught my attention.

The stock performance has been… rough:

• 1Y: −67.8%
• 3Y: −67.6%
• 5Y: −82.3%

At the same time, CEO Chris Winfrey’s compensation structure remains very generous:

• New contract (Dec 2025):
  • Base salary: $2.5M minimum
  • Target bonus: 300% of base
• 2024 total pay: ~$5.75M
• 2023 total pay: ~$89M (driven by large equity awards)

Now yes ... a big part of this is stock-based, so in theory it's aligned with shareholders. And to be fair, a lot of that equity has lost value with the stock decline.

But here’s what I’m struggling with:

Even in a prolonged downtrend where shareholders have been heavily impacted, the compensation structure still produces multi-million payouts and large grants.

Is this actually good alignment with shareholders (because equity value fell)?

Hey everyone, I’m from Germany and I’m curious what non-German investors think about SAP ahead of earnings tomorrow. The overall mood in software / AI stocks feels pretty shaky right now, kind of like what we’ve recently seen with IBM. Do you think SAP can still surprise to the upside, or is the market already pretty cautious here.

the numbers are really good but recently software has been in a rough spot

SAP is gearing up for its Q2 earnings report, expecting $2.00 in EPS and $11.4 billion in revenue. The global enterprise carbon management software market, where SAP is a key player, is projected to grow significantly, enhancing SAP's market position. ~ yahoo finance

SAP makes about 7% of DAX.

what is your take?

GOOGL Q2 2026 (Apr - Jun 2026) Quarterly Results:

Revenue = $119.8 billion (up 24% YoY) * Ads = $81.6 billion (up 14% YoY) * Cloud = $24.8 billion (up 82% YoY) * Subscriptions = $12.9 billion (up 15% YoY) * Other Bets = $0.4 billion (up 2% YoY)

Operating Income = $40.8 billion (up 30% YoY)

Net Income = $112.1 billion (up 398% YoY) [Includes $98 billion other income (net gain from equity)]

Earnings Per Share = $9.11 (up 394% YoY)

Revenue Backlog = $514 billion (up 12% QoQ)

Capital Expenditure = $44.9 billion (up 100% YoY)

TTM Free Cash Flow = $53.3 billion (down 20% YoY)

Gemini models: 22 billion API tokens per minute (up 37% QoQ)

Gemini App: 950 million active users per month

Quarterly Dividend = $0.22 per share (unchanged QoQ)

GOOGL News Updates: Apr - Jun 2026:

Added to Dow Jones Industrial Average.

HSBC partnered with Google Cloud to expand AI usage.

Increased the size of its equity capital raise to $84.75 billion to expand AI infrastructure.

Position: Long GOOGL (since 2021). NFA.

European Union antitrust regulators said on Wednesday they had signed off on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery.

The approval, which included concessions made by Paramount, came as the deal has been delayed in the U.S. due to concerns raised by state attorneys general.

A Paramount spokesperson didn’t immediately respond to comment.

In order to garner the approval, the European Commission said Paramount agreed to divest its stake in a film distribution joint venture with United International Pictures in Europe, and said it would not enter into any film distribution deal with Universal for the next 10 years in Europe.

“These commitments fully address the competition concerns identified by the Commission by ensuring that the films of the merged entity will not be distributed jointly with those Universal or Disney,” according to the EU’s release.

Google parent Alphabet reported its second quarter earnings after the bell on Wednesday, beating Wall Street's expectations on the top and bottom lines as cloud revenue increased 82% year over year.

For the quarter, Alphabet saw earnings per share of $9.11 on revenue of $119.8 billion. Analysts were anticipating EPS of and revenue of $116.9 billion.

But the company also stated that it is raising its capital expenditures for the year to between $195 billion and $205 billion from $180 billion to $190 billion. Analysts had called for $186.4 billion.

Alphabet stock fell more than 2% on the news.

Google's Cloud platform brought in $24.77 billion, above an expected $24.56 billion and well ahead of the $13.6 billion it brought in last year. Advertising revenue came in at $81.63 billion. Analysts were looking for $81.12 billion.