Chit Chat Stocks Earnings Digest (TSLA, INTC, AXP, PM); Tim Cook's Farewell; Avis Goes Full GameStop $CAR; Playing a Potential SpaceX/Tesla Merger?
Apr 24, 2026
They break down recent earnings from Tesla, Intel, American Express and Philip Morris. They debate Tim Cook's legacy and Apple's services shift. They dive into software valuation, AI-driven margin pressures, and semiconductor foundry dynamics. They cover a wild meme squeeze at Avis and speculate on a possible SpaceX/Tesla merger and related market plays.
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Tim Cook's Financial Legacy At Apple
- Tim Cook delivered legendary financial returns by growing free cash flow per share ~14% since 2011 and producing a roughly 2,300–2,600% total return.
- Ryan and Brett credit Cook for shifting Apple toward high‑margin services, which now account for ~42% of gross profit and changed the company's margin profile.
ServiceNow Shows AI Spending Can Hurt Margins
- ServiceNow beat revenue but fell on margin compression tied to AI infrastructure spend and acquisition integration.
- Customer retention stayed ~97–98% and contract values rose, yet the stock sold off ~17% and dragged down broad software names.
Intel Foundry Momentum Backed By Big Tech Demand
- Intel's data center revenue rose ~22% and Foundry grew ~16% year over year, showing improving momentum despite overall revenue only up ~7%.
- Brett highlights external incentives (NVIDIA, Amazon, Alphabet) and US policy as tailwinds for an American foundry push.