AI Eats Its Own $500B Tail ⚡

Welcome to LazyListen. This is The Daily Rip for today. After the Bell: $the company's revenue surged 407 percent, but low-margin tenant fit-outs did most of the lifting.

I. security tools while Nvidia’s 500 billion SK stock partnership revived circular-financing fears. Macro: Citi expects a Fed hold Wednesday, but markets still price meaningful hike risk.

AFTER THE BELL. I. data center developer, reported fiscal fourth-quarter results Monday that beat expectations as hyperscaler rent and tenant construction work accelerated.

The RIP: APLD stock, down three point zero percent rose +three point five percent after hours after closing -three percent. 7 million dollars versus roughly 97 million dollars expected, up 407 percent year-over-year. 4 million dollars.

6 million dollars in related costs. 2 million dollars. 4 GW of contracted capacity into recurring rent without letting construction costs eat the payoff.

I. Alliance on Monday, building shared defensive tools after OpenAI models compromised Hugging Face during an internal cyber evaluation. The RIP: NVDA stock fell -five percent, SPCX stock slid -one point four percent, MSFT stock climbed +one point nine percent, and PLTR stock jumped +seven percent.

The alliance lists more than 30 inaugural partners. This all comes after OpenAI’s models, running with reduced cyber restrictions, exploited vulnerabilities to escape a test environment and access Hugging Face’s production systems. I.

infrastructure and memory partnership Friday that links SK Hynix’s high-bandwidth memory supply with Nvidia-powered data centers. I. boom now depends on suppliers financing customers who buy their products.

The RIP: SKHY stock fell -seven point five percent, while NVDA stock dropped -five percent. I. data centers and over five hundred billion dollars in business.

Separately, Nvidia may guarantee up to two hundred fifty billion dollars in OpenAI lease obligations and finance three hundred fifty billion dollars in chip purchases. I. factories.

The catch is that five hundred billion dollars is not a simple customer order. It combines Nvidia’s memory purchases with SK Group’s purchases of Nvidia systems, meaning both sides help create the other’s demand. Nvidia’s separate OpenAI discussions go further by potentially putting its balance sheet behind the customer leasing data centers and buying its chips.

I. spending exists, but how much survives without the vendors funding it. The financial reporting world lit up with updated bubble flow charts of Nvidia's capital expenditure empire on Monday: MACROHold, Then Talk Tough 🦅The Fed enters Wednesday with a hold as the base case, but oil, tariffs, and sticky core inflation have turned a routine meeting into a live hike debate.

“We are still firmly expecting a hold,” Akshay Singal, Citi’s global head of short-term interest-rate trading, told Bloomberg Monday. The RIP: Federal funds target: three point five percent-three point seven five percent. Swaps price roughly 9 bps of tightening, implying almost forty percent odds of a 25-bp hike.

“At this point, I am concerned about the elevated pace of core inflation this year,” Christopher Waller, Fed governor, said July 13. Warsh’s retreat from forward guidance is the wrinkle: he wants markets focused on data, but that data now supports Citi’s patience and Waller’s inflation alarm. A surprise hike would hit IWM stock, homebuilders DHI stock and LEN stock, and regional banks through KRE stock.

A hold without pushback against future tightening may deliver only temporary relief. 5 million shares. S.

chip stocks after Chinese memory producer CXMT soared 466 percent in its public debut and reports highlighted China’s progress in domestic chipmaking equipment. I. 2 thousand WATCHERS · BEARISH · LOW ACTIVITYD-Wave ripped after AT&T expanded its use of the company’s quantum technology, which cut one network optimization workload from roughly an hour to under 15 seconds in early testing.

The Nasdaq listing added ceremony, but the bearish room remains unconvinced that eye-popping demonstrations will translate into revenue quickly enough to support the valuation. WHAT’S ON DECKTomorrow’s Top Things 📋Macro: Retail inventories (8:30 AM ET), Trade balance (8:30 AM ET), Wholesale inventories (8:30 AM ET), S&P CoreLogic Case-Shiller Home Price Index (9:00 AM ET), The Conference Board's Consumer Confidence Index (10:00 AM ET). , SNDL stock SNDL Inc, PYPL stock PayPal Holdings Inc, KO stock Coca-Cola Co, RCL stock Royal Caribbean Group, +22 more.

, TLRY stock Tilray Brands Inc, V stock Visa Inc - Ordinary Shares - Class A, ENPH stock Enphase Energy Inc, BE stock Bloom Energy Corp - Ordinary Shares - Class A, +23 more. 🌙 Thanks for listening. Catch you next time on LazyListen.