Taiwan SemiconductorThesis holdsAug 10, 2026 Tests the thesis: AI-related revenue keeps compounding and lifts full-year growth guidance
“TSMC (TWSE: 2330, NYSE: TSM) today announced its net revenue for July 2026: On a consolidated basis, revenue for July 2026 was approximately NT$467.58 billion, an increase of 5.6 percent from June 2026 and an increase of 44.7 percent from July 2025.”
DraftKingsThesis brokeAug 7, 2026 Tests the thesis: Improving hold rates and promotional discipline drive sustained positive EBITDA
“Revenue decreased by $69.3 million, or 4.6%, to $1,443.2 million in the three months ended June 30, 2026, from $1,512.5 million in the three months ended June 30, 2025. The decrease was primarily attributable to our Sports revenue, which decreased $106.0 million, or 10.6%, due to a reduction in our Sports Net Revenue Margin of 1.9 percentage points primarily due to customer-friendly sports outcomes and higher promotions associated with new customers on our Sportsbook and Prediction Markets offerings.”
DraftKingsThesis brokeAug 7, 2026 Tests the thesis: Improving hold rates and promotional discipline drive sustained positive EBITDA
“the decrease was primarily attributable to our Sports revenue, which decreased $106.0 million, or 10.6%, due to a reduction in our Sports Net Revenue Margin of 1.9 percentage points primarily due to customer-friendly sports outcomes and higher promotions associated with new customers on our Sportsbook and Prediction Markets offerings.”
SoFi TechnologiesThesis holdsAug 6, 2026 Tests the thesis: Member and product growth compounds, cross-selling lending and financial services
“Our aim is to create a best-in-class, integrated financial services platform that will generate a virtuous cycle whereby positive member experiences will lead to new product adoption by existing members and enhanced profitability for each additional product by lowering overall member acquisition costs and increasing the lifetime value of our members.”
Tests the thesis: Instinct MI-series GPUs win real data-center share as the credible NVIDIA alternative
“Data Center net revenue of $6.7 billion for the three months ended June 27, 2026 increased by 107%, compared to net revenue of $3.2 billion for the prior year period.”
Lucid GroupThesis brokeAug 4, 2026 Tests the thesis: The Gravity SUV ramps deliveries and lifts total volume beyond the Air sedan
“As a result of the June 2026 Plan, we expect to incur total workforce reduction charges of approximately $34 million, primarily related to severance payments, employee benefits, and employee transition.”
PalantirThesis holdsAug 4, 2026 Tests the thesis: Government revenue stays sticky and keeps growing
“Revenue increased by $932 million, or 93%, for the three months ended June 30,”
AppleThesis holdsJul 31, 2026 Tests the thesis: iPhone remains the cash engine with a healthy upgrade cycle and stable unit demand
“the Company expects these trends to intensify, which may materially negatively impact the Company’s revenue, costs, gross margin, results of operations and financial condition.”
AmazonThesis holdsJul 31, 2026 Tests the thesis: Retail and advertising operating margins keep expanding on logistics efficiency
“Net sales information is as follows (in millions): Sales increased 20% in Q2 2026, and 18% for the six months ended June 30, 2026 compared to the comparable prior year periods.”
RedditThesis holdsJul 31, 2026 Tests the thesis: Advertising revenue and user growth compound as ad tooling and DAU expand
“Revenue was $804.9 million for the three months ended June 30, 2026, an increase of 61% year-over-year”
Meta PlatformsThesis holdsJul 30, 2026 Tests the thesis: AI-driven recommendations keep ad engagement and pricing rising across the family of apps
“Total revenue for the second quarter of 2026 was $60.80 billion, an increase of 28% compared to the second quarter of 2025, due to an increase in advertising revenue.”
RobinhoodThesis holdsJul 30, 2026 Tests the thesis: Average revenue per user climbs as crypto, options, and Gold subscriptions expand
“Options revenues increased due to a 43% and 32% increase in Options Contracts Traded per trader.”
MicrosoftThesis holdsJul 29, 2026 Tests the thesis: Azure keeps growing in the high 20s to low 30s as AI workloads drive cloud consumption
“Azure and other cloud services revenue increased 41%”
MicrosoftThesis holdsJul 29, 2026 Tests the thesis: Azure keeps growing in the high 20s to low 30s as AI workloads drive cloud consumption
“Azure and other cloud services revenue increased 41%.”
PayPalThesis brokeJul 28, 2026 Tests the thesis: Branded checkout reaccelerates and transaction margin dollars grow under the new strategy
“Our operating margin declined, reflecting the unfavorable impact of a higher transaction expense growth rate.”
AMC EntertainmentThesis holdsJul 23, 2026 Tests the thesis: A recovering film slate drives attendance and revenue back toward pre-pandemic levels
“Attendance increased in U.S. and International markets due to the popularity of film product compared to the prior year.”
TeslaThesis holdsJul 23, 2026 Tests the thesis: Vehicle deliveries return to growth as new lower-cost models launch
“Automotive sales revenue increased $4.22 billion, or 27%, in the three months ended June 30, 2026 as compared to the three months ended June 30, 2025, due to an increase of approximately 25% in cash deliveries.”
AMC EntertainmentThesis holdsJul 23, 2026 Tests the thesis: A recovering film slate drives attendance and revenue back toward pre-pandemic levels
“Total revenues increased $381.7 million, or 16.9%, during the six months ended June 30, 2026, compared to the six months ended June 30, 2025. Admissions revenues increased $205.4 million, or 16.6%, during the six months ended June 30, 2026, compared to the six months ended June 30, 2025, primarily due to an increase in attendance of 13.6% from 104.7 million patrons to 118.9 million patrons and a 2.7% increase in average ticket price.”
Super Micro ComputerThesis holdsJul 21, 2026 Tests the thesis: Financial reporting stays clean and timely after prior filing delays restored confidence
“On July 21, 2026, Super Micro Computer, Inc. (the “Company”) issued a press release (the “Press Release”) providing a preliminary business update for the quarter ended June 30, 2026.”
GameStopThesis holdsJul 20, 2026 Tests the thesis: The large cash and bitcoin treasury makes the company a capital-allocation story, not a retailer
“GameStop directly beneficially owns 43,390,383 shares of common stock of eBay, par value $0.001 per share (the “ Common Stock ”). On May 3, 2026, GameStop delivered to the board of directors of eBay a non-binding proposal to acquire all of the outstanding Common Stock that it does not already own at a price of $125 per share of Common Stock, to be paid in a combination of cash and GameStop common stock.”
GameStopThesis holdsJul 20, 2026 Tests the thesis: Cost cuts keep the core retail business at or near breakeven while the pivot plays out
“The remedy is aggressive cost-cutting to bring eBay’s operating expenses in line with Chewy, the online pet food retailer Cohen founded, and rivals such as Wayfair.”
MicroStrategy (Strategy)Thesis holdsJul 20, 2026 Tests the thesis: Access to equity and convertible markets lets it keep accumulating bitcoin accretively
“Strategy announced a new $21.0 billion offering of MSTR Stock (the “MSTR Increase”).”
NetflixThesis brokeJul 17, 2026 Tests the thesis: Operating margin keeps expanding as revenue outgrows content spend
“Operating margin for the three months ended June 30, 2026 decreased by approximately one percentage point as compared to the prior comparative period. The decrease in operating margin was primarily driven by technology and development expenses and sales and marketing expenses growing at a faster rate than revenue.”
GameStopThesis holdsJul 17, 2026 Tests the thesis: The large cash and bitcoin treasury makes the company a capital-allocation story, not a retailer
“I’ve committed to taking out $2 billion within the first year, and that’s just the beginning.”
NetflixThesis brokeJul 17, 2026 Tests the thesis: Operating margin keeps expanding as revenue outgrows content spend
“Operating margin for the three months ended June 30, 2026 decreased by approximately one percentage point as compared to the prior comparative period.”
AppleThesis brokeJul 14, 2026 Tests the thesis: iPhone remains the cash engine with a healthy upgrade cycle and stable unit demand
“KeyBanc says higher device prices and weakening upgrade cycles could weigh on Apple’s growth outlook.”
GameStopThesis brokeJul 14, 2026 Tests the thesis: Cost cuts keep the core retail business at or near breakeven while the pivot plays out
“It’s really, it’s the opposite. Like a good example is GameStop. And when I became the CEO, there were like 1,200 people in corporate and now there’s 300 people.”
GameStopThesis holdsJul 14, 2026 Tests the thesis: The large cash and bitcoin treasury makes the company a capital-allocation story, not a retailer
“the ability to leverage our stores and nodes across the core marketplace business.”
Lucid GroupThesis holdsJul 14, 2026 Tests the thesis: Saudi PIF backing keeps the company funded through the ramp without a collapse in cash
“The Company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today.”
GameStopThesis holdsJul 14, 2026 Tests the thesis: The large cash and bitcoin treasury makes the company a capital-allocation story, not a retailer
“we provide liquidity to the secondhand and market in the offline world and eBay is providing liquidity in the online world.”