🚀 $SPCX Street Takeaways - SpaceX Q3 Earnings ($158.22 +$10.43) Overview: • Shares +7.1%. Revenue +161% y/y beat by 13.3%. All three segments ahead on the top line and adj. EBITDA. Adj. EBITDA EPS also ahead by $0.22/169%. GM 520bps above consensus. Adj. EBITDA margin 890bps above. CapEx +185% y/y to $19.59B vs SA $18.06B. • Q4 CapEx guided $35-40B vs FactSet $19.76B. Q1 2027 revenue guided $33-37B vs FactSet $22.23B. • On the call Elon Musk says Tesla and SpaceX have formed special committees to explore potential merger at the request of shareholders. • Analysts notably positive on the results and outlook. While all segments were ahead of expectations the primary focus was on AI, or the newly renamed segment Superintelligence SI. Increasing GPU spot rates highlighted with new deals at >$50/watt indicate a payback period below one year as management thinks below six months is plausible by next year. Total compute 2026 target lifted to 2.5GW from 2.0GW at year end with an incremental 10GW in 2027 and an internal goal of 20GW. Capacity adds in 2027 likely skew toward H2 on timing of Vera Rubin deliveries. $SPXC $TSLA #SpaceX# #Earnings# #Tech# #TechStocks# #AIEarnings# #AI# #SpaceTech# #ElonMusk# #Tesla# #Capex# #DataCenter# #SuperIntelligence# #GPU# Gain immediate access to earnings insights with #StreetAccount#:

A wave of AI earnings is lifting the chip trade this morning. Foxconn, Lumentum, CoreWeave, Nebius and Super Micro all delivered after a tough July. The message: the world is still short on compute, and pricing keeps climbing. More here: $LITE $CRWV $SMCI

GM, two forces reshaped markets last week: AI earnings ($NVDA et al) confirmed capex & compute demand stays strong — but the focus shifted from "is there AI demand?" to "who actually delivers revenue & profit?" Warsh's hawkish Jackson Hole signal pushed rate expectations & yields up, squeezing growth valuations. These two forces collided. During the highlighted weekend window, $UVXY rose approximately 3.2%, while $SKHY hynix fell 3.0% and the leveraged CSOP ETF declined 5.7%. By Monday after the open, the moves had extended to approximately +4.8%, −5.3%, and −11.4%, respectively. The three instruments therefore formed a consistent risk-off pattern: volatility protection strengthened, AI-sensitive exposure weakened, and the leveraged product amplified the underlying move.

🔥BULLISH: S&P 500 hits a NEW ALL-TIME HIGH at 7,844. SPX is up 0.8% as Wall Street bets on a huge AI-driven Q3 earnings season. The index is now worth a record $71.3 TRILLION, up 24% from its March 30 low, helping push the total US stock market above $82 TRILLION. That’s roughly 7.5X China’s market and 28X Germany’s. And it’s happening despite multi-decade-high Treasury yields, elevated oil and September’s brutal bond sell-off. For now, AI earnings momentum is OVERPOWERING the macro pressure.

The same stock market cycles have repeated for decades and no one tracks them better than Jeff Hirsch (@AlmanacTrader). We sat down to discuss how to position for midterm seasonality, why the next 6 months are so bullish, his favorite sectors heading into 2027, and his views on the AI boom. Jeff has been at the top of his game for a long time and he continues to bring high level historical perspective to markets. TIMESTAMPS: 0:00 - Where are we in the cycle? 0:30 - AI super boom 3:02 - Midterm-year sweet spot 6:42 - Bond yields at 5% 9:19 - Split Congress and stocks 10:40 - AI earnings beat everything? 11:40 - Does seasonality still matter? 14:35 - Tech concentration 16:25 - Turning bearish 19:07 - Lessons from super booms 21:00 - Favorite sectors 22:30 - Small caps 25:25 - MACD signal 27:57 - The bear case 29:03 - What we could be wrong about 29:47 - Follow Jeff