Brief: Confidence Collapsed. Markets Didn't.

Super Brief: Dell's $60 Billion Question — Super Brief

Dell's $60 Billion Question. Dell shipped $16.1 billion in AI servers last quarter, up 757% year-over-year. AI now constitutes 37% of total company revenue compared to 5% a year ago. Full-year guidance implies roughly $15 billion per quarter in AI servers for the rest of FY27, or 30,000-50,000 AI server racks flowing into hyper

Brief: Dell's $60 Billion Question

Dell reported AI server revenue of $16.1 billion in a single quarter, up 757% year-over-year, and raised its full-year forecast to $60 billion. ISM Manufacturing drops this morning. The Iran ceasefire extension remains unsigned as oil inventories approach what Exxon's SVP called "truly unprecedented

Super Brief: Dark Output, Record Margins — Super Brief

Dark Output, Record Margins. Corporate profit margins just hit 20.6%, shattering a ceiling that held for fifty years. GDP sits at 1.6%. Consumer sentiment is at record lows. The savings rate is 2.6%, the lowest since June 2022, meaning consumers are drawing down buffers to maintain spending. Food insecurity is rising. Stocks si

Brief: Dark Output, Record Margins

Corporate profit margins broke a 50-year ceiling to reach 20.6% while consumer sentiment sits at record lows and food insecurity is rising. The Iran ceasefire extension remains unsigned as both sides publicly dispute terms. Blue Origin's only launch pad was destroyed in a static fire explosion, stra

Brief: Exit at $1.75 Trillion

S&P 500 closed at 7,580 for its ninth consecutive weekly gain while three prominent professional investors publicly called it a bubble. The Iran ceasefire extension remains unsigned on the president's desk. The CFTC approved the first federally regulated Bitcoin perpetual futures contract, a structu