Competitive Landscape - Tesla's supercomputer unit Dojo's former leaders are starting a competing startup, Density AI, focused on AI data centers for the car industry [1] - Density AI is poised to raise hundreds of millions of dollars [1] - The departure of Dojo leaders adds to the increasing competition in the AI and autonomous driving space [2] Talent Acquisition - Approximately 20 workers, including senior-level individuals, have reportedly left Tesla for Density AI [3] - The departed Dojo leaders are among several of Musk's top lieutenants who have left Tesla this year [3] Technology and Strategy - Density AI is developing full-stack technology to power AI data centers for the car industry [1] - Tesla's Dojo supercomputer program is considered a potential competitive advantage in its autonomous driving ambitions, training the AI behind autopilot, full self-driving, and the Optimus Humanoid robot [2]

Growth & Profitability - Lyft achieved its ninth consecutive quarter of double-digit growth [2] - Customer obsession is driving profitable growth for Lyft [1] - Lyft is experiencing record rides and double-digit growth, indicating strong consumer resilience in the US [14] Partnerships & Innovation - Lyft's growth is fueled by innovations like Lyft Silver and partnerships like the DoorDash partnership [2] - A new partnership with United Airlines is contributing to faster growth [3] - Lyft has a partnership with Motional, launching self-driving car service in Atlanta this summer [5] - Lyft has signed an agreement with Baidu to expand self-driving car operations into Europe [6] Autonomous Driving - Self-driving cars are expected to expand the marketplace for Lyft, with cities operating self-driving cars showing 5x the growth of others [4] - Lyft views self-driving cars as an opportunity rather than future competition [3][4] International Expansion - Lyft acquired Free Now, a taxi-focused aggregator in Europe, to establish a footprint across the continent [8] - Lyft plans to expand into Germany and the UK in 2026, pending regulatory approvals [7] - The acquisition of Free Now closed last week, and integration is beginning [11][12]

What did you make of the allocation towards glass, for example, particularly in Kentucky, in the United States. I think the cook is being very strategic about giving the administration what they want, which is investment in the U.S., but doing so in a way that is feasible. So it's still not about bringing production of the iPhone back, but really leaning into some of the partners like Corning and manufacture.The mastery of this is not just about the iPhone and Apple watches that are sold in the states that ...

We see that there's a concern about his CEO role at Cadence Design and their relationships to China. But it was well known that he's been a long time investor in China himself. Peter.Yeah, this was certainly a big surprise. I don't think anybody saw this coming, certainly not in the tech industry. Trump comes out and he calls for the resignation of Boutin, who, as you say, just arrived in March in that CEO role.He clearly been vetted very much by the board before he got that position. Now what they're talki ...

Investment & Manufacturing Commitment - Apple commits an additional $100 billion to the United States, bringing the total U S investment to $600 billion over the next four years [3] - Apple is launching an American manufacturing program to spur more production in America for critical components [3][4] - Apple has signed new agreements with ten companies across America to create an end-to-end silicon supply chain in America [4] Supply Chain & Partnerships - Apple is working with manufacturers like Texas Instruments, Global Wafers, America and Applied Materials in Texas [5] - Apple is working with Amcor in Arizona and Broadcom and Global Foundries in New York [5] - TSMC is producing tens of millions of chips for Apple in Arizona [6] - American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 states this year [7] - Apple is committed to buying American-made, advanced, rare earth magnets developed by NGP Materials [7] - Every new iPhone and Apple Watch sold globally will contain copper glass made in Kentucky [9] Expansion & Technology - Apple is significantly growing investments in AI, including expanding data center capacity in North Carolina, Nevada, Iowa, Arizona and Oregon [10]

Investment & Manufacturing - Apple is committing to invest $600 billion in the United States over the next four years, which is $100 billion more than originally planned [2][37] - This investment is expected to directly create more than 20,000 new American jobs, with thousands more at Apple suppliers [4] - Apple is launching an American Manufacturing Program to increase production of critical components in the US [37] - Apple will build a 250,000 square foot server manufacturing facility in Houston and invest billions in data centers across the country [9] - Apple will open a manufacturing academy in Detroit [9] Supply Chain & Production - Apple is increasing spending on its domestic supply chain for the iPhone [5] - Apple will build the largest and most sophisticated smart glass production line in Harrodsburg, Kentucky [5][41] - Every new iPhone and Apple Watch sold globally will contain cover glass made in Kentucky [41] - American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 states this year [40] - Apple is committed to buying American-made advanced rare earth magnets developed by MP Materials [40] - Apple will help develop and manufacture semiconductors and semiconductor equipment in Texas, Utah, Arizona, and New York [13] Trade & Tariffs - The US is considering a tariff of approximately 100% on chips and semiconductors coming into the United States, but companies building in the US will be exempt [31][32] - Tariffs are bringing in hundreds of billions of dollars [26][27] Economic Impact - The US economy grew at 3% in the second quarter [22] - Consumer confidence is surging, and blue-collar wages are rising rapidly [22]

It's a big number in isolation, sort of, but it's also got to be taken in aggregate. Absolutely. Look, Apple spends a lot on these types of initiatives all the time.They have already been planning to spend hundreds of billions of dollars in the coming years. The Trump administration likes big, round, big honking numbers. Right.And this is a way for them to say we've scored a victory. We are bringing manufacturing back to the United States on Apple's part, making these pledges, throwing these numbers out the ...

The mechanism actually doesn't even really matter. It's an inside a share sale that sets this valuation of $500 billion. But it feels like just yesterday that we broke the story on the last $300 billion valuation.Tell us about the jump. Tell us about what we're hearing from sources is going on. Yeah.I mean, it's a significant jump in valuation. More than two thirds of the last price tag, you know, the last round that we reported on, it finalized in March led by SoftBank. Since then, we've seen strong, you k ...

Business Performance & Strategy - The company views the second quarter of 2025 as a potential inflection point for its turnaround, driven by accelerated product development and improved customer offerings [2] - The primary focus is on building a growing and enduring business [2] - The company does not focus on market share, but rather on delivering value to customers, which drives increased spending and business growth [9][10] Mobile Gaming Market - Mobile gaming is the biggest priority for the company [4] - The company is effectively the operating system for the mobile gaming business globally [4] - 70% of the mobile games in the world are built on the company's platform [5] - 85 of the top 100 mobile game advertisers use the company's advertising solutions [5] Product & Technology - The company is delivering better products for the mobile gaming business, leading to business growth [5] - Unity 6 has seen the fastest adoption rate of any version of Unity and is considered stable and performant [7] - The company provides tools for developers to build and operate their businesses, helping them monetize and acquire users [12][13] Investor Relations - The company believes the stock reaction is likely due to the over 100% run-up in the past year, anticipating better results [8]

This is such a self-inflicted wound and the market doesn't seem to be, well, forgiving them for it. Yeah, absolutely. I mean, it really was a dismal quarter for SNAP.And even before I reported its earnings, I was saying that it wasn't looking great for the company and that had less to do with the economic uncertainty and tariffs, which of course, it had warned about at the end of Q1, and more to do with foundational structural issues within its ad platform and its ability to monetize. Now, I obviously could ...