Earnings
When every company on the wafer reports next, how its stock moved the morning after its last reports, and what the hyperscalers that pay for the whole stack have filed and promised about their spending.
Reporting next
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Each emoji is the next session's move after a past report, on the wafer's scale: 🙂 up a little, 🔥 up 5 to 10%, 🚀 up 10 to 15%, 😬 down 1 to 3%, 🥶 down 5 to 10%, 💀 down 10 to 15%. “Before the open” means the first move is that day's close; “after the close” means it's the following day's.
Every name, and how it usually moves
Typical move is the average size of the next-session move after the last four reports, up or down. Beats count reports where earnings per share came in above the consensus. Dates marked (est.) are estimates from past reporting patterns that the company hasn't confirmed.
| Company | Next report | Typical move | Last four | Beats |
|---|
Hyperscaler capex: the money behind the stack
Nearly every dollar on this site starts here. Microsoft, Alphabet, Amazon, Meta and Oracle, plus CoreWeave renting to all of them, buy the GPUs and custom chips, which become wafers at TSMC, stacked memory at SK hynix, Samsung and Micron, orders for ASML, Applied, Lam, KLA and Tokyo Electron, and racks, switches and power gear from Vertiv, Arista and the rest. Follow it on the supply-chain map. The bars are what the companies actually paid each quarter, taken from their SEC filings; the cards carry what each has said about the year ahead.