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Thursday, November 5, 2026

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AppLovin 3Q26 Business Update: No Notes

AppLovin’s Q3 revenue rose 55% year over year as AXON model gains expanded margins, while ad take-rate compression remains the key competitive risk.

APP $118B
Speedwell Research 3 clicks

From X

@convequity 8 clicks

Convequity on X

Nvidia's ($NVDA) own new programming language makes it easier to move AI code to rival chips. In December 2025 Nvidia launched CUDA Tile. In a tile language the programmer describes work as blocks of data and the compiler works out how to run it on whichever GPU it is given. Our read: Nvidia no longer writes code around the CUDA core. Code written for one GPU generation increasingly breaks on the next, so a higher-level language was the only practical way forward. Tile code moves easily to other AI chips. On 30 September DeepSeek released an Ascend version of TileLang, the open tile language it uses, so every TileLang operation in its training now runs efficiently on Huawei's chips, not just Nvidia's. Few investors have noticed. Our view: once the code that matters is written in tiles, the switching cost that supports Nvidia's pricing power falls.
@convequity 1 click

Convequity on X

SpaceX ($SPCX) targets 13GW, close to our own estimate. In August 2026, our calculation put SpaceX's visible compute capacity over the coming years at roughly 13GW. On the Q3 call, Elon Musk targeted 13GW online by the end of 2027. The numerical match is encouraging. Musk's target concerns terrestrial compute, while our work examined the longer-term orbital opportunity. It supports our view of the scale SpaceX can pursue, although the deployment path and timing differ. We see 13GW as an achievable first stage of the buildout. SpaceX's ambition to manufacture 100GW of solar panels annually never meant all of that would become operating AI capacity in the near term. Our calculation focused on how much capacity we could see a credible path to deploying. For orbital compute to reach 20–30GW and keep growing, solar manufacturing becomes much more consequential. SpaceX needs high-efficiency cells produced at scale in the US, or an alternative supply route that gets those panels integrated into AI satellites. More power from each kilogram of solar hardware means more compute capacity for the mass launched. Starship has now demonstrated orbital payload delivery. In our view, that clears the fundamental launch hurdle and gives us a high degree of confidence that the first 10–20GW can reach orbit relatively soon, with or without rapid reusability. Much larger deployments require rapid reuse. Flying the same vehicle repeatedly reduces the number of new rockets SpaceX must manufacture and allows launch capacity to grow with a smaller fleet. Solar production and launch cadence then have to expand together. We think SpaceX will get there. The pace of high-efficiency solar production, satellite deployment and Starship turnaround will determine how quickly it can move beyond the first tens of gigawatts. #SpaceX
@aleabitoreddit 1 click

Serenity on X

I don't own $ASTS and not advice, but if you're capitulating just because a stock price went down.. There's little investment thesis or conviction in the first place. People always have multi-year ideas like $RKLB becoming the next $SPCX or AST becoming the next Starlink competitor. Kinda reminiscent of retail favorite names like $HOOD back in 2024, or $NBIS later in 2025... But there's always capitulation periods along the way like the time hedge funds shorted Nebius to $70 in Dec/Jan, after calling it the Neocloud winter. Or the wave of negative analyst DGs on Robinhood on the drop back to $17. Or even macro scares like April 2025. So lot of retail investors never gave their original longs time to play out. Fast forward, a lot of these popular retail names do end up cooking... so kinda sad seeing how quickly sentiment turns.

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Trading Post November 5, 2026

MercadoLibre’s logistics expansion cut margins by 60 basis points, while Mercado Pago grew credit 62% with 7% NPLs.

MELI $77B
Cassandra Unchained 2 clicks

Intel: The CPU Comeback, Discounted

Intel's Q3 2026 results were hit by memory costs and an Israel shutdown, but enterprise AI inference could lift CPU demand as server…

INTC $287B
Monte Independent Investment Research 2 clicks

Problems at Twist Bioscience (TWST)

Twist Bioscience’s $200 rebound followed an Anthropic-linked short squeeze, yet its DNA and protein services face broad competition while…

TWST $8B
Hunterbrook 4 clicks

VSH Earnings Review

Vishay reported record Q3 revenue of $979 million, up 24%, and guided Q4 to about $990 million as rising backlog and margins contrast with…

VSH $3.6B
Cestrian Capital Research 3 clicks

Thursday Tailwinds #13: Nov 5, 2026

Florida marinas are 92% full as boat counts rise and permits constrain new supply, creating pricing power for existing operators such as…

SUI $14B
Trade Ideas Flow 6 clicks
CHWY · long

Chewy INC

Chewy (CHWY) is presented as a long opportunity after a prior 2022 short thesis played out.

CHWY $9.2B
Value Investors Club 5 clicks

New Ideas From The Road

Aurelion Research increased healthcare exposure and sees opportunities in banking and defense, alongside research on Alcoa, Nike, ONON and…

AA $10BNKE $60B
Aurelion Research 4 clicks

Site Centers (NYSE:SITC)

Site Centers' $3 per-share return-of-capital distribution and December delisting leave a discounted liquidation stub, with two properties…

CURB $3.6B
Real Assets, Real Value 5 clicks

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