Chit Chat Stocks Earnings Kickoff (TSM, ASML, NFLX); AI Absurdities; Amazon's Starlink Competitor; Hermes Opportunity
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Apr 17, 2026 They kick off earnings season with lively takes on TSMC and ASML results and valuation tradeoffs. A wild Allbirds-to-AI meme stock pop gets unpacked. Luxury name Hermès’ big drawdown and Coupang’s AI bets spark debate. Netflix’s growth, ad strategy and live events are covered. Amazon’s satellite move against Starlink and shifts in AI model market share round out the conversation.
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Allbirds Hail Mary Pivot To Newbird AI
- Allbirds pivoted from footwear to "Newbird AI" and announced a $50M convertible facility to become a GPU-as-a-service provider.
- The announcement sparked a 781% intraday spike after they sold their shoe business and effectively performed a Hail Mary pivot into AI compute.
TSMC Turning Into An AI Powerhouse
- TSMC posted 41% revenue growth, 52% gross profit growth, record 58% operating margin and wafer shipments up 28%.
- High-performance computing now drives 61% of revenue, shifting TSMC from mobile to AI-centered demand and boosting margins.
Valuation Tilt Favors TSMC Over ASML
- ASML and TSMC both report exceptional demand and price power, but ASML trades at ~39x EBIT vs TSMC ~26x EBIT.
- Brett prefers TSMC for likely better five-year returns given valuation and potential margin normalization risks at TSMC.