The Compound and Friends

Sleep at Night Portfolio, Big Tech Earnings Week, Spotify Blows Up, Josh on Joby

90 snips
Apr 28, 2026
Big Tech earnings previews and AI-driven AWS and Azure storylines. A deep dive into a historic earnings boom led by tech and semiconductors. A debate over permanent-style portfolios and the trade-offs between comfort and performance. Semiconductor momentum, risk signals, and a sharp Spotify selloff after weak guidance. A speculative long-term take on Joby Aviation.
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INSIGHT

MAG7 Earnings Create High-Stakes Week

  • MAG7 earnings concentration creates a crowded week with Amazon, Meta, and Microsoft reporting back-to-back and NVIDIA later in the week.
  • Josh highlights AWS/Azure AI workload migration and big CapEx guidance as key catalysts to watch in these calls.
INSIGHT

Tech Led Historic Earnings Boom

  • An historic earnings boom is driven primarily by technology, with blended tech earnings growth reported around 43%.
  • Michael and Josh note this isn't a recovery from prior EPS troughs but a tech-led acceleration, especially semiconductors.
INSIGHT

Semiconductor Earnings Spike Is Unprecedented

  • Semiconductor forward EPS estimates exploded (e.g., Micron from $9 to $85 forward EPS; Sandisk from $2 to ~$99).
  • Josh and Michael call this unprecedented and the main driver of tech's earnings surge.
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