#stocks

Nvidia was the obvious AI trade. The non-obvious one is whoever plugs the grid into the building. Hyperscalers are guiding to $725 billion of 2026 capex, and the binding constraint is no longer chips. It's turbines, transformers, and interconnection queues.

A buyback is a company spending cash to buy its own stock, shrinking the share count so profits divide among fewer shares. That's it. Whether it creates value or just flatters EPS comes down to one thing: the price paid. The announcement is noise. The execution is the story.

A DCF says a stock is worth all the cash it will ever produce, discounted back to today. Four inputs move the answer, and one of them, the discount rate, swings 'fair value' by 40% on a change you could defend either way. Here is the whole method with a per-share worked example.

The price-to-earnings ratio is the most quoted number in investing and the most misunderstood. It looks like a measure of cheapness. It's actually the market's bet about the future, packaged as a single number. Here's what it hides.

A stock split changes the number of shares and the price per share while leaving the total value of your position untouched. So why do companies bother? The honest answer is signaling, accessibility, and a little bit of psychology.

Perion Network has $312.9 million of cash, zero debt, and a market cap around $410 million. Q4 2025 Contribution ex-TAC grew 19% and Adjusted EBITDA grew 53%. The stock is up from $8.90 to $10.50 since the print. The real question is what takes it to $15, $20, and higher.

xAI priced a $20B round at $230B on January 6, 2026. Twenty-four days later its board declared fair value had doubled and merged the company into SpaceX at a combined $1.25T. Five months after that, SPCX opened on Nasdaq at $1.77T. The merger was IPO plumbing, not corporate strategy.

Netflix beat Q1 2026 on revenue and earnings, generated $5.1 billion of free cash flow, and still closed down 9.7% on April 17 on soft Q2 margin guidance. Every prior 'Netflix is finished' moment was a multi-year buying opportunity, and the 2026 setup is the strongest it has been in a decade.

Netflix walked from its $72 billion Warner Bros. Discovery deal in under two hours, kept a $2.8 billion breakup check, and watched its stock rally 18% through the decision. The auction was corporate discipline against Ellison family-office capital, and losing was the right trade.

A practical framework for combining index ETFs and individual stock selection, including when to pick stocks, how to size positions, and when to sell.

Most investors look at the wrong metrics during earnings season. Here's the framework for reading software company results the way institutional analysts actually do it.

GameStop went from $20 to over $400 in three weeks, and most explanations focus on the WallStreetBets meme. The real story is a coordinated short squeeze layered on a gamma squeeze, both inside a stock that hedge funds had over-shorted. Here's the mechanic.