after-hours trading

Earnings usually land after the close, so this is where the first reaction shows up. Far fewer participants are trading, though, so the same order moves the price much more, and the swings seen here carry into the next regular session less often than people assume.

Predictions & track record (2)

• Awaiting grading Microsoft's capex outlook came down to $175 billion, and not because it plans to spend lessIn January 2027, score whether Microsoft's calendar 2026 capital spending landed near $175 billion and whether the reclassification left reported capex below the actual increase in spending.
• Awaiting grading Supermicro shares jump 20% on record $60 billion order backlog despite soft revenueCheck Supermicro's audited fourth quarter and fiscal 2026 results on August 11, 2026, to see if the 60 billion dollar backlog and 15 to 17 percent margin guidance hold up.

3 related posts

• Watch Microsoft's capex outlook came down to $175 billion, and not because it plans to spend less Jukan (@jukan05) · 2026-07-29
• Bear Intel's $11 Billion Loss Wasn't Restructuring. It Was Intel's Own Stock Price Going Up The Kobeissi Letter (@KobeissiLetter) · 2026-07-24
• Bull Supermicro shares jump 20% on record $60 billion order backlog despite soft revenue The Kobeissi Letter (@KobeissiLetter) · 2026-07-21