ON THIS EPISODE OF THE BID/ASK PODCAST WE BREAK DOWN THE TWO BIGGEST STORIES HEADING INTO THE HOLIDAY WEEK.

FIRST, META RIPS NEARLY 9% ON REPORTS OF META COMPUTE, A NEW CLOUD BUSINESS BUILT TO RENT OUT EXCESS AI CAPACITY FROM ITS $125 TO $145 BILLION INFRASTRUCTURE BUILDOUT. WE EXPLAIN WHY THE CAPEX BEAR CASE THAT CRUSHED THE STOCK ALL YEAR JUST GOT REPRICED, WHAT TRUST ME CAPEX VERSUS SHOW ME CAPEX MEANS FOR THE REST OF THE HYPERSCALERS, AND WHY THE SAME HEADLINE HAMMERED CRWV, MU AND SNDK.

THEN WE GO DEEP ON TRUMP ACCOUNTS AHEAD OF THE JULY 4 LAUNCH. THE $1,000 FEDERAL SEED, THE $5,000 ANNUAL CONTRIBUTION MECHANICS, THE DELL FOUNDATION LAYER, AND THE FINE PRINT EVERY PARENT NEEDS TO KNOW. PLUS THE HOOD ANGLE. ROBINHOOD IS THE BROKERAGE AND TRUSTEE BEHIND THE ENTIRE PROGRAM, AND WE BREAK DOWN WHY 60 MILLION ELIGIBLE KIDS AND A MANDATED PASSIVE BID INTO US INDEX FUNDS COULD BE THE MOST UNDERRATED STRUCTURAL FLOW STORY OF THE DECADE.

MICRON'S RECORD QUARTER, THE AI INFRASTRUCTURE READ THROUGH, AND WARSH'S DOLLAR. SEASON 2 KICKS OFF WITH THE BIGGEST CATALYST OF THE WEEK.

That's a wrap on Season 1.

We came in when the tape was moving, covered the names that mattered, and didn't sugarcoat a single print. That's what this show is built on no filler, no noise, just the market as it actually is.

If this gave you an edge, if it made you think differently about a setup or a sector that's the whole point. Markets don't care about your feelings, and neither does this podcast.

Do one thing before you close this out. Subscribe and leave a review. Five stars if we earned it. It keeps the show alive and it puts it in front of the traders who need it.

Season 2 is already in the pipeline. More tape, more signal, more of the setups that actually move.

This is Bid/Ask. Stay sharp.

EVERYONE IS BUYING THE GOLD RUSH. WE'RE BUYING THE SHOVELS. IN THIS EPISODE WE GO ONE LAYER BENEATH THE HBM AND PHOTONICS NAMES EVERYONE IS ALREADY IN AND MAP THE SUPPLY CHAIN PLAYS THE MARKET HASN'T FULLY PRICED. PACKAGING. SUBSTRATES. THERMAL. BONDING EQUIPMENT. THE INVISIBLE RACK THAT MAKES THE WHOLE MACHINE RUN.

NVDA just dropped a monster quarter $81B in revenue, $91B Q2 guide, data center nearly doubling YoY. But the real trade isn't the headline. It's what Jensen can't ship fast enough. HBM is sold out through 2026. CoWoS packaging is maxed. Substrates are backlogged. We break down every layer of the AI supply chain bottleneck and the tickers that move when NVDA can't keep up with itself.

OPEX

Stock price = Earnings per share × Multiple (P/E).
Earnings tell you what the company makes. The multiple tells you what the market is willing to pay for those earnings. A rerating or de-rating is when that second number changes without earnings changing at all.

In this episode, we break down one of the biggest market days of the year: the FAANG and mega cap earnings wave alongside Jerome Powell’s final Federal Reserve meeting as Chair.

We start with Big Tech. Meta delivered strong revenue and earnings growth, but investors focused on another major jump in AI and data center spending. Alphabet may have posted the cleanest report of the group, with powerful Google Cloud growth and resilient Search demand. Microsoft continued to show strength through Azure and enterprise AI adoption, though expectations were skyhigh heading into the release. Amazon’s report centered on AWS reacceleration, margins, and whether it is keeping pace in the cloud AI race. Overall, the numbers showed that AI demand remains strong, but markets are becoming more selective about who can turn spending into profits

Then we shift to macro. The Federal Reserve held rates steady again in what was Jerome Powell’s final meeting as Chair. Powell described the U.S. economy as resilient while reaffirming the Fed’s commitment to getting inflation back to target. Markets are now focused on what comes next: the policy path under new leadership, the timing of future rate cuts, and whether inflation or growth becomes the bigger risk into summer.

We close with what it all means for stocks, bonds, semiconductors, and the broader AI trade. If hyperscaler spending remains elevated while inflation cools, risk assets could have room higher. If inflation stays sticky, markets may face a tougher setup despite strong earnings.

What do a 1901 railroad war, a grocery store chain, and a video game retailer have in common? Someone ran out of shares to buy. In this episode we break down the anatomy of the locked-float squeeze from JP Morgan and E.H. Harriman obliterating shorts on Northern Pacific Railway, to Porsche quietly cornering Volkswagen and briefly making it the largest company on earth, to WSB turning GameStop into a generational short squeeze. The playbook is always the same: thin float, heavy short interest, forced covering, price goes vertical and the exchange steps in to protect the wrong side. Every time.

11 consecutive green days. an 11% move. a 1-in-450 event and you watched it happen in real time.

but nobody's talking about what comes next.

in this episode we break down the only question that matters right now: what happens in session 12 and beyond? we run the historical analogs 2002, 2008, 2009, 2020 and show you exactly how each of those rips resolved. the data is clear. the regime call is everything.

ceasefire driven rip off a tariff-driven crash. macro still unresolved. edge is thin.