StocktwitsTV is our flagship show, serving as the primary touchpoint for timely market updates. Hosted by veteran television journalist Michele Steele, the show leverages her background at Bloomberg TV and ESPN to deliver a fast-paced, informative rundown of what is moving the markets.
NVIDIA Just Beat for the 18th Time, Why Did the Stock Barely Move?
Michele Steele sits down with longtime tech analyst Michael Parekh to break down NVIDIA's latest earnings — $81.6 billion in revenue, 85% growth with guidance for 95% next quarter, and the 18th consecutive quarter of beating expectations. Yet the stock barely moved. Why?Michael walks through the bull case piece by piece: 75% GAAP margins, a freshly hiked dividend (from one cent to 25 cents), an $80 billion buyback, and a valuation that's still only ~27x for a business growing 85–95%. The Blackwell-to-Vera Rubin chip transition is just beginning, and the new architecture is priced higher and dramatically more capable.Then the harder conversations: the missing $10B+ in China revenue that NVIDIA has officially zeroed out of guidance, Huawei and SMIC's chip push, and why CUDA's 19-year head start makes a clean Chinese substitute unrealistic for at least five years. Michael also explains why three megacap AI IPOs — SpaceX in June, OpenAI in September, Anthropic likely in October — could pressure NVIDIA short-term as portfolios reallocate.And the big picture: Jensen's forecast of $3–4 trillion in AI infrastructure spend by the end of the decade. Michael thinks the real ceiling is closer to $5 trillion, and that the gating factor isn't demand — it's TSMC, which he calls 'the Federal Reserve of the global tech market.'
00:00 GraniteShares NVDL sponsor read00:27 Welcome to StockTwits TV with Michele Steele00:39 Michael's black leather jacket (a Jensen homage)00:51 The numbers: $81.6B revenue, 95% growth guide01:08 Anything to give us pause? The missing China revenue01:32 Huawei and the China domestic chip push01:54 75% GAAP margins explained02:12 Demand and supply locked in for years02:21 Blackwell → Vera Rubin: the next chip cycle02:40 Why the stock barely moved after a monster beat03:18 The Apollo 13 analogy: an 18th-quarter beat04:02 Vera Rubin ramp starting Q2/Q304:22 Valuation: 26–27x for 85–95% growth04:44 Three mega AI IPOs: SpaceX, OpenAI, Anthropic05:06 Why portfolio reallocation pressures NVDA short-term05:31 Dividend hike + $80B buyback06:00 $50B+ in strategic tech-stack investments06:10 The Groq acquisition that became a product in 4 months06:33 "Circular deals" and the CoreWeave foundational stake06:55 Hyperscalers spending $150–200B/year07:22 Back to the China elephant in the room07:43 Could a Trump–Xi meeting re-rate NVIDIA overnight?08:25 China is already getting NVIDIA chips through porous markets08:49 Chinese AI subsidiaries in Singapore and Asia09:17 Can Huawei / DeepSeek replicate NVIDIA?09:46 Huawei chips are 1–3 generations behind10:00 China has cheap power to brute-force less efficient chips10:28 CUDA: the 19-year software moat10:57 Why Huawei chips need 6–12 months of extra software work11:18 China can't escape NVIDIA for at least five years11:38 Jensen's $3–4 trillion AI infrastructure forecast12:06 Bigger than the internet. Bigger than mobile.12:12 TSMC: the gating factor on all AI growth12:33 "TSMC is the Federal Reserve of the global tech market"12:56 Jensen flying to Taiwan every month asking for more fabs13:15 Chatbots → agents → reasoning: 100x more inference compute13:55 Wrap & Michael's Substack plug14:14 Sponsor outro: GraniteShares NVDL
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
20 May 2026
The $2 Trillion SpaceX IPO Is Coming for Your Mom's 401(k)
Michele Steele sits down with Ben Cahn (After Hours) for a bonus crossover episode of StockTwits TV. They open on Ben's recent run-in with a hostile cat — and the very real cortisol spike that came with it — before turning to the markets.On the table: the wild Cerebras IPO that priced way above its original $150–$200 range and opened around $350, the rumored SpaceX IPO debuting at a $2 trillion valuation, and the uncomfortable reality that retail investors increasingly serve as exit liquidity for venture capital.Ben argues the software sector has bottomed. The IGV ETF dropped 20–30% in Q1 on fears that AI would kill SaaS, but volume has surged since February and Jensen Huang himself says the entire move was an overreaction. The new narrative: AI is accretive to software, not destructive (Jevons paradox).Plus: Chinese conglomerates quietly rolling up American consumer brands (Shein/Everlane, Luckin/Blue Bottle, Anta/Arc'teryx), Chinese EV build quality, Trump-family trades and World Liberty Financial, the enshittification of everything, and a brief national crisis over Spotify's disco-ball icon.
00:00 Cold open & Ben's cat attack02:08 Evolution, primal fear, and Brooklyn apartments02:43 "Would you buy your own stock?"03:14 T-Rex shares & 3x levered Raptors03:43 The Cerebras IPO — what actually happened04:54 Where Ben would dip a toe (sub-$300)05:13 Why retail can't build wealth in IPOs anymore06:15 SpaceX at a $2 trillion valuation07:01 Are P/E and market cap antiquated?07:17 Vibes better than valuations07:47 The Economist: is the market ignoring reality?08:53 Narratives, FinTwit, and post-hoc reasoning09:39 The Strait of Hormuz only matters when it matters10:50 Running out of distractions11:44 Why this administration won't let stocks fall12:05 IGV: is software bottoming?13:07 Volume surge signals a tradable bottom13:21 Anthropic / Claude killing SaaS narrative13:50 Jensen Huang says it's an overreaction14:46 "Service Yesterday" — Ben pitches a rival15:50 Jevons paradox & AI as accretive16:29 Trump family trades every 9 minutes17:22 Shein acquires Everlane for $100M18:06 Luckin acquires Blue Bottle19:10 Chinese conglomerates rolling up US brands19:58 Enshittification of everything20:36 Luckin's near-delisting comeback21:28 Arc'teryx is owned by Anta Sports22:46 Chinese EV build quality (BYD on US roads)23:40 Spotify's disco-ball icon backlash25:11 The real news we're not paying attention to26:27 Phones in black-and-white mode & Cerebrus jokes27:14 Inside Spotify's World Trade Center offices28:23 Bloomberg's elite snacks28:40 Semiconductors: SOXL, SMH, SiC, GaN29:38 Stuffing semiconductor nerds in lockers29:58 "Local top" — the joke they didn't make30:21 Wrap & God bless America
► Subscribe to StockTwits TV for daily market coverage.► Follow Ben Cahn's After Hours podcast wherever you get your shows.► Join the conversation on StockTwits.
29 Apr 2026
Robinhood CFO Shiv Verma on Q1 Earnings, Growth Strategies and Prediction Markets as a 'Super Cycle'
In this exclusive interview, Robinhood's Chief Financial Officer, Shiv Verma, joins Michele Steele on Stocktwits TV to discuss the company's Q1 earnings results. Verma dives deep into the numbers, exploring Robinhood's impressive growth in revenue, net income, and gold subscriptions. He also shares insights into Robinhood's future plans, including its ongoing commitment to the crypto market, its expansion into new asset classes like prediction markets, and its strategies for becoming a leading global financial ecosystem.
Key Topics Covered:Robinhood's Q1 earnings performanceThe strength of the retail investor and Robinhood's growing customer baseThe importance of Robinhood Gold and the new Platinum cardThe impact of the SEC's proposed changes to the Pattern Day Trader (PDT) ruleRobinhood's vision for the future, including global expansion and the role of AI
Contact StocktwitsTV
Guest appearances
Books guests
Based on episode analysis; this does not confirm that the show is currently accepting guests.
Host of StocktwitsTV?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show Podcast research with Pod Engine
