Nvidia’s blockbuster earnings beat expectations across nearly every metric, yet the stock plunged over 5% to close below $185, despite strong guidance. Michael Burry flagged Nvidia’s $95bn in purchase obligations — up from $16bn a year ago — warning that if AI demand slows, excess capacity could pressure margins.
Meanwhile, Salesforce, CrowdStrike and Snowflake all rose, driven by strong AI adoption and robust bookings. Memory chip makers remain the clear winners, pushing hardware costs higher and impacting PC and smartphone margins.
Overall, Nvidia’s drop dragged the S&P500 slightly lower, though most stocks advanced on falling US yields & rotation.
Gold consolidates gains near $5'200 per ounce, while crude oil swings on U.S.–Iran headlines.
Volatility continues as markets digest AI adoption, macro trends and geopolitical risks.
Watch the full episode to find out more!
Intro0:54 Nvidia couldn't save the day...
2:45 Software was better bid
5:22 FX & commodities update
6:41 Moving forward...










