Our latest patch notes arrive on July 10th alongside the release of Season 9 of Marvel Rivals! 📜 Check out all the latest changes, tweaks, and fixes arriving now: Keep the battlefield ignited, Rivals. A new dawn of Marvel Rivals approaches. *Maintenance will begin on July 10th, 9 AM UTC, and is expected to take approximately 2 hours. *Please note that servers will be offline during this period, and the game will be inaccessible. *Server return times may vary based on progress. Stay tuned for updates as we'll announce when they're back up on all social platforms!

Notes:* All rewards will be distributed within 10 days after the campaign ends. and daily random reward will be updated everyday on our official site BLOG section pined announcement.

Just some notes from $TSLA transcripts: Elon Musk: "I think Optimus will be the biggest product ever" from Q2 earnings transcripts. Even from Q1, Elon Stated: "I think Optimus will be our biggest product. Not just Tesla's biggest product ever, but probably the biggest product ever. And I remain convinced of that conclusion". It's very rare to see such high conviction reiterated from Elon regarding humanoids both directionally and TAM-wise. In terms of upstream suppliers opportunities, Karn Budhiraj, VP of $TSLA supply chains stated: "We’re seeing the same level of investment going to memory and also new specific items like metal injection molded parts, flexible printed circuits, and all sorts of nonlinear technologies..." And that they had to build new supply chains from scratch. So would be interesting to look at for new supply chain supplier opportunities apart from the known ones. Just pulled older slides and it looks like capacity targets for Fremont are 1M and Giga Texas was 10M, so at scale, $TSLA seems to be the clear US leader. If you're looking at that S-Curve opportunity ramp. On a side note, Elon also gave a shoutout to $MU with likely reasonably priced LTAs, given his statement: "We really appreciate Micron making room for Tesla in the years to come and giving us actually a very significant allocation on reasonable terms given the pretty insane pricing of memory these days." (Just for structural memory demand). Elon also gave a shoutout to Panasonic which had invested many billions in increasing battery cell production (will need to do deeper DD into Panasonic after this), then Samsung and $TSM. Just takeaways from Tesla earnings TLDR: Elon tends to be directionally correct on where the future is heading, such as with EV or Space. He seems extremely bullish on humanoids.

Just some TLDR notes on $AAOI earnings: - Expects full qualification of 1.6T products by their hyperscaler customer within next couple of weeks (helpful revenue ramp #2#, timelines) - Continues to believe that AOI will have the largest AI DC transceiver production capacity in the US (reiterating ambitions during a time when their competitors might get banned) - Expects facilities toward InP capacity to come online in early 2027 (timeline FYI in terms of further ramp) - Total capacity is approaching 200,000/u per month, EOY 650,000/u per month of 800g/1.6t. EOY 2027, 930,000/u (this is the ramp i want to see) - "increase our manufacturing capacity for our external light source or ELSFP. That's for co-packaged optics or CPO". we anticipate ramping production later this year and into 2027, ultimately culminating in about 400,000 pieces per month in 2028 (need some time to model this into revenue) - "As we have mentioned before, we've been manufacturing lasers internally for many years. This has allowed us to avoid some of the shortages that have affected others in the industry" (vertical integration bull case during CW/EML laser shortages) - We believe that in the future, CPO will continue to drive increased demand for high-power lasers (thesis validation on CPO sector) - "to our long-term objective of returning non-GAAP gross margins to around 40%" - "We ended the second quarter with $508.8 million in total cash equivalents" I need to double check if the ATM finished or not - "our ability to deliver revenue in general, and specifically when it comes to 800G products, is limited by our production capacity right now" "If we could produce more, we could ship more right now" Demand > Supply validation. - "Most of the increased capacity will be in U.S. Even so, let me say that, like I keep emphasizing, that is not good enough for the customer demand. The customer demand is 20%-40% higher." Unholy photonics demand validation across the whole sector, read through for $LITE, $SIVE / $JBL, and others is amazing. - "Not in the next two, three years, especially the demand is so big. Okay? Even combined AI, $LITE, $COHR, $AVGO all together, it's still very tough to meet the customer demand in the next few years" More optical sector demand validation. - CPO Timelines: "If you're talking about really high volume manufacturer [for CPO market], I would say more like the late Q3 next year" and "We have been working very close with at least five customer" If you care about current earnings (which I'm not really looking at closely) Revenue: $191M vs. $190m EPS: $.06 vs. $.02 TLDR: Extraordinary demand across the laser + optical sector read through. Kinda supporting Lumentum CEO statement that laser shortage is worse than memory shortages. 2027 capacity ramp on track. To map inflection period with timelines, would be around early next year, as stated in their previous earnings call. AAOI has the customers now. Limitation is making enough lasers and transceivers.

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Notes like this are the best part about starting a company: Hello Brian & Dharmesh,  I joined HubSpot in March 2013 as one of the early DubSpot team and after 13 incredible years this is my last month. Many times I've heard Brian talk about building a company that your grandkids can be proud of. I am writing this email partly to give you an insight into the incredible impact you've had on my life and partly because I imagine it is difficult for your family to appreciate the impact HubSpot has had on so many like me. I hope you share this with your family.  I joined HubSpot at 26 yrs old as a Level 1 Sales Rep. I was early in my sales career, highly motivated and eager to learn. HubSpot gave me an opportunity I couldn't have imagined and I didn't fully appreciate until later. I worked hard, learnt fast and chased targets. I moved to Manager and later moved to Sales Director. In January 2014, Nisha Anand joined as a Level 1 Support Rep. We met, fell in love and got married. She also worked hard, learnt fast and chased promotions. She is now a Principal Solutions Engineer on UK Corp.  Financially HubSpot has transformed our lives but it is more than that. Our friends are HubSpotters. At our Wedding there were tables of HubSpotters. There are family and friends in Leitrim and Belfast that still cannot explain what HubSpot does but they follow it in the news, check the stock price and ask us "what's happening at the big American company?". HubSpot is part of our life story. At every step of our lives HubSpot has been there:  - We timed our Wedding so we could take our sabbaticals for our Honeymoon.  - We sold HUBS shares to buy our first home - When Covid hit we continued progressing our careers working from home - We used tuition reimbursement to up-skill and learn at Harvard, UCD and Oxford. - We used the Temporary Mobility policy to work from London for 1 month during fertility treatment. It worked and we got pregnant. - When our twins girls arrived 10 weeks early and spent a month in hospital, HubSpot supported us. I had 6 weeks for Paternity leave plus used my 2nd sabbatical to be there for my family - My wife took 12 months of maternity leave plus her 2nd sabbatical and returned to continue progressing her career and recently triggered another promotion. - We sold HUBS again to move into a bigger home. My father tells me that I have spent one third of my working career at HubSpot. It is almost impossible to explain the impact HubSpot has had on my life. What an amazing company. I hope you and your family are incredibly proud of what you have built. For the rest of my life I will be grateful to you and HubSpot. Wishing you and your family all the best in the future.

Abstracts of TSMC, ASML Earnings Notes TSMC (TSM) D/G to Hold, Taking the High Road in AI Cycle * Earnings & Guide: While TSMC’s Q2 earnings were inline (margin slightly below bulls), the company raised its full-year rev and capex. * The key highlight was taking the high road in margin management (by not to be aggressive in pricing), geo-expansion (by further capex investment in Arizona) and backend flexibility (by supporting customers’ backend at EMIB). * As said in our preview note on July 7, TSMC’s capex acceleration began in 2025, 1.5–2 years after the AI cycle took off, implying that share loss or demand overflow to competitors; that said, to catch up in capex in 2026-2027; together with prudent pricing, TSMC could be one of the few AI semi companies that won’t see margin expansion in coming quarters. This will lead to lower valuation multiple. ASML Earnings, Guidance Raised * Q2: ASML delivered a strong beat, with Q2 revenue of €9.3 billion and a 54% gross margin, exceeding guidance. * Guidance Raised: The company raised its full-year 2026 revenue outlook to €43–45 billion (from the previous €36–40 billion range). * Growth Drivers: Robust demand from both logic and memory customers. * Capacity Expansion: ASML announced plans to increase capacity by ~30% annually for both its EUV and DUV immersion systems through 2027, with potential further expansion in 2028. Stay positive #AI# #ASML# #TSM# #TSMC#

The Protocol Security Team has been pointing AI agents at Ethereum’s protocol code. Our core takeaway wasn't about finding bugs, it was about triage. Here are field notes from the work.