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Thursday, November 12, 2026

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QXO Inc Earnings Update: Q3 2026

QXO's Q3 sales rose 79% to $4.9 billion after TopBuild and Kodiak acquisitions, while acquisition debt lifted interest expense to $163 million and adjusted EPS fell.

QXO $13B
SixSigmaCapital: Navigating the Financial Markets 2 clicks

From X

@convequity

Convequity on X

Jeff Dean’s departure is a seminal moment for $GOOG I’ve been watching this closely and the picture keeps getting clearer — and more concerning. Google is still treated as the safe consensus AI bet. Full-stack ecosystem, consumer reach, TPU muscle. But the competitive status of its frontier models looks increasingly dubious. The one-way talent flow tells the story. Google has seen massive outflows to OpenAI and Anthropic (reports put the numbers in the high hundreds to over a thousand in recent periods) while inbound from those labs remains tiny. This is not normal churn. It signals a structural talent problem that shows no sign of being fixed anytime soon. Jeff Dean leaving with Sanjay Ghemawat, Quoc Le and Oriol Vinyals, while Demis Hassabis steps back from day-to-day leadership, is the clearest signal yet that the research edge has peaked. Top talent does not want to waste cycles inside a large, conservative organization when the progress window is this narrow. We’ve flagged Google’s cultural and leadership issues in our recent rebalancing work. This just cross-validates it hard. What’s especially striking is the internal dynamic. All signs point to Koray Kavukcuoglu having been central to the environment that produced these outcomes — yet he has now risen to Chief AI Architect and the unchallenged operational AI leader, reporting directly to Pichai. The research org is fraying rapidly while the executive who oversaw much of that period moves up the ranks. That is a strange incentive structure. Large orgs struggle to deliver breakthrough AI. Talent density, bold vision and nimble execution matter more than scale. Meta rebuilt around an independent lab. SpaceX is doing the same with xAI. Google may eventually follow, but the current setup still seems unwilling to fully accept the reality. That said, the TPU and infra side continues to execute well with far less leakage. The competitive edge is shifting toward infrastructure, chips and consumer distribution — not frontier model leadership. This remains the biggest news of the week for a reason.
@junkbondinvest

junkbondinvestor on X

Strategy ($MSTR) has $15bn of preferreds, all yielding 10%+ Here's a quick summary of the situation > ~$22bn of debt + preferred vs. ~$54bn of BTC > Current interest/dividend obligation is now $1.75bn+ per year > $6bn+ of converts (1st tranche putable beginning in '27); all busted > Saylor beginning to sell $BTC and has a $4bn USD reserve which funds 2+ years of fixed obligations > Most junior preferred, $STRD, trading at 64 cents / 15.8% > Most senior preferred, $STRF, trading at 96 cents / 10.6% Is there a relative value trade here? My thoughts below

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Top Rebound Stocks for Nov’26

Texas Pacific Land's 50% selloff reflects faded data-center expectations, while its Permian royalty business generated $498 million of 2025…

TPL $19B
Rebound Capital 3 clicks

ASML ($ASML) Deep Dive

ASML monopolizes EUV lithography, a critical tool for leading-edge chips, with production capacity stretched through 2028 and customer…

ASML $591B
Jimmy's Journal 2 clicks

ON THE TAPE with Guy Adami

Guy Adami discusses Nvidia, Anthropic's IPO prospects, energy, gold and the AI trade.

NVDA $4T
WHAT ARE WE DOING? “Contrarians At The Gate” 5 clicks

DoorDash’s FBA Moment

DoorDash’s $17 billion Instacart deal targets DashMart warehouse scale, where 99%+ order accuracy and faster delivery address the limits of…

DASH $75BKR $41B
MBI Deep Dives 3 clicks

Sea Ltd Earnings Update: Q3 2026

Sea Ltd reported Q3 2026 revenue of $8.6 billion, up 43.4% year over year, while net income rose 34.0%.

SE $46B
SixSigmaCapital: Navigating the Financial Markets 7 clicks

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