⁠Wall St Engine
Bill Ackman floats the idea: if Trump cut China tariffs to 20% and raised them gradually—0.5%/mo in year 1, 1% in year 2, 1.5% in year 3—it’d give firms time to move supply chains, while pressuring China to reform. Hikes could pause or reverse if trade practices improve.

What if @realDonaldTrump were to announce that China tariffs would immediately be reduced to 20% and then escalate thereafter by 0.5% per month for next 12 months, and then by 1% per month for the next 12 months, and then by 1.5% per month for the next 12 months and so on?

To the extent that China modifies its unfair trade practices, the increases could stop and potentially be reversed depending upon the degree of improvement in its trade policies.

This approach would incentivize companies to relocate their supply chains from China while enabling them to continue to operate profitably during the transition.

China would be incentivized to make a good deal with @realDonaldTrump as promptly as practicable while the risk of a dramatic shock to the US and global economies would be greatly reduced if not eliminated. - Bill Ackman
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⁠Wall St Engine
S&P 500 Closing Bell Heatmap (May 06, 2025)

$SPY -0.83% 🟥
$QQQ -0.93% 🟥
$DJI -0.95% 🟥
$IWM -1.09% 🟥

S&P 500 Opening Bell Heatmap (May 06, 2025)

$SPY -1.01% 🟥
$QQQ -1.33% 🟥
$DJI -0.75% 🟥
$IWM -1.10% 🟥 - Wall St Engine
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⁠Wall St Engine
CARNEY: ASKED TRUMP TO STOP CALLING CANADA 51ST STATE TODAY; PRESIDENT WILL SAY WHAT HE SAYS; FEEL BETTER ABOUT RELATIONS IN MANY RESPECTS
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⁠Investing visuals
$TEM Q1 Earnings 🚨

• Revenue $255M vs $248M Est.
• EPS ($0.24) vs. ($0.27) Est.
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⁠Wall St Engine
$WYNN Resorts Q1'25 Earnings Highlights

🔹 Revenue: $1.70B (Est: $1.75B) 🔴
🔹 Adj EPS: $1.07 (Est: $1.31) 🔴
🔹 Adj Net Income: $113.1M (Est: $137.2M) 🔴
🔹 Adjusted Property EBITDAR: $532.9M (Est: $561.8M) 🔴

Segment Breakdown
Macau; Wynn Palace:
🔹 Revenue: $535.9M (vs. $586.9M YoY)
🔹 EBITDAR: $161.9M (vs. $202.4M YoY)
🔹 VIP win rate: 2.61% (vs. 3.30% YoY)
🔹 Mass win rate: 24.8% (vs. 24.5% YoY)

Wynn Macau:
🔹 Revenue: $330.0M (vs. $411.7M YoY)
🔹 EBITDAR: $90.2M (vs. $137.2M YoY)
🔹 VIP win rate: 1.09% (vs. 3.39% YoY)
🔹 Mass win rate: 18.7% (vs. 19.4% YoY)

U.S. Properties
🔹 Las Vegas Operations:
🔹 Revenue: $625.3M (vs. $636.5M YoY)
🔹 EBITDAR: $223.4M (vs. $246.3M YoY)
🔹 Table win %: 24.3% (within expected 22–26%)

Encore Boston Harbor:
🔹 Revenue: $209.2M (vs. $217.8M YoY)
🔹 EBITDAR: $57.5M (vs. $63.1M YoY)
🔹 Table win %: 20.5% (within expected 18–22%)

Strategic & Financial Updates
🔸 Declared $0.25/share dividend, payable May 30, 2025
🔸 Repurchased 2.36M shares for $200M in Q1; $613M buyback authorization remaining
🔸 UAE Project (Wynn Al Marjan Island): hotel tower reached 47th floor; $682.9M contributed to date
🔸 Board remains confident in long-term capital returns; continued free cash flow strength from Macau
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⁠Wall St Engine
$TEM | Tempus AI Q1'25 Earnings Highlights

🔹 Revenue: $255.7M (Est: $248M) 🟢
🔹 Adj EPS: ($0.24) (Est: -$0.27) 🟢
🔹 Adj EBITDA: ($16.2M) (Est: -$22M) 🟢

FY25 Guidance
🔹 Revenue: $1.25B (Est: $1.24B) 🟢
🔹 Adj EBITDA: +$5M (Est: $5M) 🟡

Other Q1 Metrics:
🔹 Net Loss: ($68.0M) (vs. $64.7M YoY)
🔹 Gross Profit: $155.2M (vs. $77.7M YoY) +99.8%
🔹 Gross Margin: ~61%

Segment Breakdown
🔹 Genomics Revenue: $193.8M (+88.9% YoY)
🔹 Oncology Testing: $119.0M (+31% YoY)
🔹 Hereditary Testing (Ambry): $63.5M (+23% unit growth)
🔹 Data & Services Revenue: $61.9M (+43.2% YoY)
🔹 Insights/Data Licensing Growth: +58% YoY

Strategic & Operational Highlights
🔸 Secured $200M in model/data licensing deals via AstraZeneca & Pathos collaboration
🔸 Completed Ambry Genetics acquisition
🔸 Announced new partnerships with Illumina & Deep 6 AI
🔸 Launched olivia, an AI-powered personal health concierge
🔸 National rollout of xT CDx test at $4,500 per test
🔸 Adj EBITDA improved by $27.8M YoY
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⁠Wall St Engine
$UPST | Upstart Q1'25 Earnings Highlights

🔹 Revenue: $213.4M (Est: $199.5M) 🟢
🔹 Adj EPS: ($0.03) (Est: $0.17) 🔴
🔹 Adj Net Income: $25M (Est: $16M) 🟢

Q2'25 Guidance
🔹 Revenue: ~$225M (Est: $223.7M) 😐
🔹 Adj EBITDA: ~$37M
🔹 Adj Net Income: ~$25M
🔹 GAAP Net Loss: ~-$10M

FY25 Guidance
🔹 Revenue: ~$1.01B (Est: $1.001B) 😐
🔹 Adj EBITDA Margin: ~19%
🔹 Revenue from Fees: ~$920M
🔹 Net Interest Income: ~$90M
🔹 GAAP Net Income expected positive in H2

Other Metrics:
🔹 Adj EBITDA: $42.6M
🔹 Contribution Margin: 55% (vs. 59% YoY)
🔹 GAAP Net Loss: -$2.4M (vs. -$64.6M YoY)
🔹 Loan Volume: $2.1B (+89% YoY)
🔹 Loans Originated: 240,706 (+102% YoY)
🔹 Conversion Rate: 19.1% (vs. 14.0% YoY)

Strategic & Operational Updates
🔸 Signed $1.2B loan-purchase agreement with Fortress through March 2026
🔸 90% of Q1 loans were fully automated
🔸 Hosting Upstart AI Day on May 14, 2025
🔸 CEO: “AI is delivering a radically better product for consumers”
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⁠Wall St Engine
PAKISTAN MILITARY SPOKESMAN: SOME TIME AGO, INDIA ATTACKED PAKISTAN IN THREE LOCATIONS WITH MISSILES – ARY

PAKISTAN WILL RESPOND TO ATTACKS BY INDIA - PAKISTAN MILITARY SPOKESMAN TELLS ARY
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⁠Wall St Engine
$ALAB | Astera Labs Q1'25 Earnings Highlights

🔹 Revenue: $159.4M (Est: $152M) 🟢
🔹 Adj EPS: $0.33 (Est: $0.28) 🟢
🔹 Adj Oper Income: $53.7M (Est: $47M) 🟢
🔹 Gross Margin: 74.9%

Q2'25 Guidance
🔹 Revenue: $173M (Est: $160M) 🟢
🔹 Adj EPS: $0.33 (Est: $0.30) 🟢
🔹 Adj Operating Income: $54M (Est: $51M) 🟢

Strategic & Operational Updates
🔸 Revenue up 13% QoQ and 144% YoY on strong AI/cloud demand
🔸 Shipping PCIe Gen 6 Scorpio Switches and Aries 6 Retimers
🔸 New NVIDIA Blackwell-based MGX platform reference design
🔸 Expanded Cloud-Scale Interop Lab; showcased PCIe 6 interoperability with NVIDIA & Micron
🔸 Dr. Craig Barratt appointed to Board of Directors
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⁠Wall St Engine
PAKISTAN INTERNATIONAL AIRLINES SPOKESPERSON SAYS FLIGHTS ALREADY AIRBORNE HAVE BEEN DIVERTED TO KARACHI
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⁠Wall St Engine
$RIVN | Rivian Q1'25 Earnings Highlights

🔹 Revenue: $1.24B (Est: $981.2M) 🟢
🔹 Adj Gross Profit: $206M (vs. -$527M YoY)
🔹 Adj EBITDA: -$329M (vs. -$798M YoY)
🔹 Cash & Equivalents: $4.69B (Est: $5.3B) 🔴
🔹 Net Loss: -$545M (vs. -$1.45B YoY)
🔹 Gross Margin: +17% (vs. -44% YoY)

2025 Guidance
🔹 FY Deliveries: 40K–46K (Prior: 46K–51K) 🔴
🔹 FY Adj EBITDA Loss: ($1.7B) to ($1.9B)
🔹 FY Capex: $1.8B–$1.9B (Prior: $1.6B–$1.7B) 🔴

Operational Highlights
🔸 Production: 14,611 vehicles | Deliveries: 8,640
🔸 Secured $1B investment from VW Group (expected June 30)
🔸 Completed 36K+ demo drives in Q1, record for the company
🔸 R2 development on track; first-half 2026 production timeline affirmed
🔸 Partnered with HelloFresh (70 Rivian vans deployed)
🔸 CEO notes ~$3,000 tariff impact per vehicle
🔸 Hosting AI Day and expanding fleet partnerships
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⁠Wall St Engine
THE INDIAN ARMED FORCES LAUNCHED ‘OPERATION SINDOOR’, HITTING TERRORIST INFRASTRUCTURE IN PAKISTAN AND PAKISTAN-OCCUPIED JAMMU AND KASHMIR -STATEMENT

NO PAKISTANI MILITARY FACILITIES HAVE BEEN TARGETED-STATEMENT
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⁠Wall St Engine
$AMD Q1'25 Earnings Highlights

🔹 Revenue: $7.44B (Est: $7.11B) 🟢
🔹 Non-GAAP EPS: $0.96 (Est: $0.95) 🟢
🔹 Non-GAAP Gross Margin: 54% (vs. 52% YoY)

Segment Highlights
🔹 Data Center: $3.7B (↑57% YoY) – driven by EPYC CPUs and Instinct GPUs
🔹 Client + Gaming: $2.9B (↑28% YoY)
🔹 Client: $2.3B (↑68% YoY) – driven by Zen 5 Ryzen demand
🔹 Gaming: $647M (↓30% YoY) – decline in semi-custom
🔹 Embedded: $823M (↓3% YoY)

Q2 Outlook
🔹 Revenue: ~$7.4B ± $300M (in-line)
🔹 Non-GAAP Gross Margin: 43% including $800M inventory charge
🔹 Excluding charge, Gross Margin: ~54%

Strategic & Product Highlights
🔸 Closed ZT Systems acquisition to strengthen data center presence
🔸 Frontier AI support expanded (Meta Llama 4, Google Gemma 3) via ROCm stack
🔸 Dell, Jio, Cisco, Nokia partnerships across AI/Telecom
🔸 Radeon RX 9070 XT and Ryzen 9950X3D launched for gaming/content creation
🔸 Core42 deploying Instinct GPUs to power France’s top AI center
🔸 Supports UALink 1.0 standard; continues hyperscaler momentum (Oracle, Google)
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⁠Investing visuals
$AMD Q1 Earnings 🚨

• Revenue $7.4B vs $7.2B Est.
• EPS $0.96 vs. $0.93 Est.
• Data center revenue $3.7B vs $3.52B Est.

Q2 Outlook: $7.10B-$7.70 vs $7.24B Est.
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⁠Wall St Engine
INDIA 🇮🇳 GOVT: "OUR ACTIONS HAVE BEEN FOCUSED, MEASURED AND NON-ESCALATORY IN NATURE"

THE INDIAN ARMED FORCES LAUNCHED ‘OPERATION SINDOOR’, HITTING TERRORIST INFRASTRUCTURE IN PAKISTAN AND PAKISTAN-OCCUPIED JAMMU AND KASHMIR -STATEMENT

NO PAKISTANI MILITARY FACILITIES HAVE BEEN TARGETED-STATEMENT - Wall St Engine
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