Key Takeaways (AI-Generated)
Financial Performance:
- Q2 FY '26 record revenue of $12.7 billion, up 123% year-over-year and up 153% quarter-over-quarter.
- Non-GAAP gross margin of 6.4%, impacted by customer and product mix as well as higher freight, production, and expedite costs.
- Non-GAAP operating expenses were $241 million, up 6% YOY, with total non-GAAP operating expenses representing 1.9% of revenue.
Business Progress:
- DCBBS product line expan...

Key Takeaways (AI-Generated)
Financial Performance:
- AMD reported Q4 2025 revenue of $10.3 billion, a 34% increase year-over-year, with net income up 42% to a record $2.5 billion.
- Gross margin for Q4 was 57%, benefiting from a release of inventory reserves, while adjusted gross margin was approximately 55%.
- For the full year 2025, revenue grew 34% to $34.6 billion, driven by strong performance in the Data Center and Client and Gaming segments.
Business ...

Recap
In our previous note, we discussed how investors can use short puts (selling put options) to buy the dip. Here’s a quiz.
Feel free to post your answers in the comments. We’ll publish the answers in the next episode.
Quiz 1: What are the benefits of using short puts to buy the dip?
A. Cash income — you can earn premium even if the stock doesn’t rise
B. Possibility to acquire shares at a lower effective price — if the s...

Hey Mooers
Day 1 is in the books! Yesterday (December 22), the S&P 500 closed at 6878.49. Congratulations to the 35% of participants who nailed the correct range! You are officially on a 1-Day Streak!
Today’s Challenge — Day 2
New day, new ticker.
Target Index:  Nasdaq Composite Index (.IXIC)
The Nasdaq Composite Index closed at 23428.83 in the previous trading session (December 22).
Deadline: Vote before the closing bell ( December 23...