Business Performance - General revenue growth was slightly amiss at just 2% [1] - Traditional business segments, including movie studio, cable, and broadcast channels, continue to decline [1] - Growth in streaming and parks has somewhat offset the decline in traditional business [2] Strategic Initiatives - ESPN is being developed into a preeminent digital sports platform, with a direct-to-consumer sports offering launching on August 21st [3] - A deal with the NFL will expand ESPN's programming and content offerings, with the NFL getting a stake in ESPN [3][4] - ESPN will gain control of some of the NFL's media properties, including Red Zone NFL Network, and will get more NFL games [4] - A deal with WWE will bring big live events, including WrestleMania, to bolster the new ESPN product [5][6] - The company aims to grow advertising revenue in streaming through live events [4] Regulatory and Succession Concerns - Regulatory approval may be required for the sports deals, which could present challenges [7] - The succession issue for Bob Iger remains a focus for investors, and the company needs to ensure a successful transition [9][10]

Financial Performance & Growth - AMD's Q2 revenue increased by 32% year-over-year [2] - AMD projects Q3 revenue growth of 28% year-over-year [2] - AMD anticipates a stronger second half of the year [27] Data Center Business - Data center business is performing extremely well, with server CPUs gaining market share in cloud and enterprise [3] - AI investments from hyperscalers are driving both CPU and GPU revenue [3] - The total addressable market (TAM) for accelerators in the data center is expected to exceed $500 billion in the next few years [10] - AMD aims to capture a significant portion of the new accelerator TAM, targeting tens of billions of dollars in revenue [7][10] Accelerator Outlook - Accelerator growth will primarily drive data center performance in the second half of the year [8] - The MI350 product, launched in June, is highly competitive in terms of total cost of ownership for inferencing and training workloads [8][9] - AMD has accelerated its roadmap with an annual cadence, planning to release the MI400 series next year with full rack-level solutions [10][11] China Business & Regulations - There were concerns about the future of the China business [1] - AMD has seen improvements in shipping to China in the last 90 days, after initial expectations of being unable to ship due to regulations [13][14] - AMD has several licenses under review and expects them to move through the process, but has excluded potential China revenue from Q3 guidance due to uncertain timing [15] - AMD is closely monitoring the progress of domestic Chinese chip makers in the accelerator market [19][20] Product & Market Position - AMD sees strength in PCs and gaming, with well-positioned products for both consumer and commercial markets [4] - The embedded business is expected to return to growth in the second half of the year [5] - AMD is competitive in CPUs for both server and client markets, gaining traction in cloud and enterprise [24]

We look at something like Palantir, a 500% in 12 months, the most expensive stock on the S&P 500 when you're looking at where it prices versus future sales. Does it seem vindicated to you, these sorts of valuations. There's absolutely some enthusiasm at play here.And I think there's some and I think in this earnings season, we have heard from a variety of companies, not just these mega-cap tech companies, that they're seeing early signs of success with AI. AI's helping them run more efficiently. It's writin ...

This space is dynamic, right. Because it's highly analogous with matter. You know, a lot of the story around matter is how their work in AI improves, ad pricing ad impacts that core business you are looking at.It's a very different scale and early stage. I just love to get a presentation of the thesis and why this is an interesting domain within I. Yeah.Thank you, Ed and Caroline as well for having me on. So we are excited to announce the coming out of Stealth of Context this morning. Their $10 million seed ...

This is the story that everyone's talking about this morning. Pawlenty's continued momentum. BAIER You went a little bit deeper on how that's playing out, but could you just summarize where they were strong and what's happening with Pawlenty right now.Yeah, I mean, when you look at the US commercial segment, that is what everyone is excited about. They grew 93% for the full year. Their guide is 85%.And look for a small segment with over a $1.2% billion run rate. It's very impressive growth, but I think the ...

It's a trend that we've seen Tesla in some European markets dropping off and China's bid making ground. How would you sum the data we got most recently. Yeah.I mean, Tesla has been suffering in Europe for the past few months and suffering in the key electric vehicle markets Germany, the UK, France, those are all markets that are rising in terms of electric vehicle demand. So, you know that that's really bad for for Tesla of course buoyed by contrary sort of making a big push into all of these markets sellin ...

The main character fighting Elon Musk's battles for him is Jared Britchall, who's the head of his family office. He's listed as the CFO for several of his companies. He's the one who led the 250 million investment in Donald Trump's re-election.He's like the fixer for Elon. Can you explain how he manages what Musk calls his legion of children. >> Jared is listed as an executive at a bunch of Elon Musk companies.He's like sort of a conduit on the business side, but behind the scenes, he also had this other se ...

Government Policy & Regulation - The Trump administration's approach to AI regulation and policy is analogous to the ambitions of Tesla and XAI [1] - The "big beautiful bill" (likely referring to a government act) is considered detrimental to Tesla's financial interests [1] - Tesla potentially faces financial losses in the fourth quarter due to the aforementioned bill [1] Company Strategy & Performance - Tesla is positioned as a US manufacturer of automobiles and electric vehicles, and SpaceX as a national champion of space exploration [1] - Elon Musk expressed concerns about the ballooning budget, deficit, and government spending [1] - The staying power of Tesla relative to the rest of the automotive industry is a key question [1]

I want to go into the broader picture first and foremost. We are anticipating semiconductors to be in the eye of the storm when it comes to localized tariffs. How much is that impacting the future of companies wanting to import.Well, that's a great question, Carol, because the administration, while it is spared chips, imports from the country by country tariffs. We're now expecting Donald Trump to sign an order in the next week or so, putting tariffs on semiconductors as a category, no matter the point of o ...

Investment Focus & Strategy - Eclipse is at a seminal moment for physical industries, seeing significant interest and capital formation around both private and public companies in this sector [2] - The firm aims to capitalize on the re-industrialization trend supported by US policy and advancements in artificial intelligence to transform physical industries [3] - Eclipse emphasizes national security and economic sovereignty in its investment strategy, aligning with national priorities [4] - The firm will initially make smaller check sizes in early-stage ventures, scaling them over time as companies achieve escape velocity [7] - Eclipse is also prepared to make larger investments earlier for companies demonstrating strong traction [8] - The firm's sweet spots include supply chain solutions, semiconductors, defense tech, and autonomy, leveraging experience in electric vehicles, materials science, and battery technology [10] Key Lessons & Growth Drivers - A key lesson learned from companies like Tesla is the importance of a first-principles approach to building [11] - Product-market fit is crucial, solving customer problems and providing unique solutions [13] - Driving durable growth and ensuring long-term sustainability are essential for companies to become successful public entities [14] Team & Expertise - The Eclipse team has a decade-long vision and a competent team of builders [5] - The combination of the team's technical experience and the new partner's financial experience creates a synergistic effect [6]