Fiscal.ai
Spotify Operating Margin by year:

2016: (12%)
2017: (9%)
2018: (1%)
2019: (1%)
2020: (4%)
2021: 1%
2022: (6%)
2023: (3%)
2024: 9%
2025: 13%

$SPOT https://t.co/SqjF5ZfBSO
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Pristine Capital
RT @realpristinecap: Memory stocks are trading WEAK off the open

This has been the leadership group so far in 2026

$SNDK $STX $MU $WDC https://t.co/Cigyg8MQot
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Fiscal.ai
Fiserv just reported its fewest repurchases in 6 years.

Despite trading at its lowest stock price since 2018.

$FISV https://t.co/QHSxBQpSaG
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Quiver Quantitative
Wow.

Ichor stock has now risen 188% since we posted this report.

Up another 25% today. https://t.co/WVByJsJxtl
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God of Prompt
RT @rryssf_: Google just mass-published how 34 researchers actually use Gemini to solve open math and CS problems. not benchmarks. not demos. real unsolved problems across cryptography, physics, graph theory, and economics.

145 pages of case studies. here's what actually matters: https://t.co/JTaaNqti9L
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God of Prompt
RT @godofprompt: Do you really need a Claude Max subscription?

yes yes yes yes
yesyes yes yes yes
yes yes yes yes yes
yes yesyes yes yes
yes yesye yes yes
yes yes yes yes
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Fiscal.ai
Owning distribution > Owning content

$SPOT https://t.co/sMLOrwxAKN
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Javier Blas
CHART OF THE DAY: US car sales over the last decade, by powertrain (via @EIAgov). Battery electric vehicle sales increased in 2H 2025 before sharply declining in response to the expiration of tax credits at the end of September. https://t.co/P6BxtlhVUg
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Bourbon Capital
Are we in a bubble?

Demis Hassabis CEO of $GOOG DeepMind: There aren’t enough compute chips to satisfy demand https://t.co/ega9rwNQg6

The semiconductor ecosystem:

The US dominates design and equipment: $AMAT $LRCX $KLAC $SNPS $CDNS $NVDA $AMD $QCOM $MU $AVGO

Europe dominates lithography: $ASML

South Korea dominates the RAM market: Samsung and SK Hynix

Taiwan produces the most advanced chips: $TSM https://t.co/AtoeBxKr1f - Bourbon Insider Research
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Javier Blas
COMMODITY TRADING: Jeff Dellapina, the CFO at oil trading giant Vitol, will retire in April after more than 20 years at the company. Dellapina was (in)famous for his desire to keep the company private -- and Vitol's P&L and balance sheet as secret as possible.
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The Transcript
Spotify CEO: "...this is my 30th earnings call, and as you know, this is the last one that I do in the role as CEO."

CBO: " In Q4, we met or exceeded guidance across all the key metrics"

$SPOT: +19% today https://t.co/A0UlKeRoGv
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