1. Yesterday's Burry dunking was about the math on his own short. Today it's a viral meme running the numbers on what he'd have if he'd just bought S&P500 and chill since 2008 instead of chasing more headline calls, somewhere between $857M and $1.4B. The sub still isn't buying the "major top, 1987 rerun" line, just with better spreadsheets this time. Fade the fear trade or don't, the crowd's confidence in fading Burry has been wrong before.
2. SNDK beat on paper, 44% sales growth, demand visibility out to the end of the decade per the call, two thirds of 2028 supply already spoken for, and still got sold hard after hours. WDC posted the same 44% sales growth story and got tumbled too. The board's split between "generational NAND buy" DD and a guy who put $203k into SNDK at $1,412 and watched it go red $19.5k by the next update. When beats get punished like this, that's a positioning read, not a fundamentals one.
3. SMR reported $75k in quarterly revenue against an $8.9M forecast, a miss wide enough it's basically its own meme now, shares down another 3.5% today. APP is down almost 19% today even with growth still strong, 53% revenue, 84% EBITDA margins, the sub's verdict is the ad model story wasn't clean enough this quarter. Read on the room: good numbers alone aren't buying anyone safety right now.
Aggregated and distilled by Two Sentence Traders. Not financial advice.