Arm beat on every line and the stock fell. Qualcomm beat and fell harder. Toyota raised its guidance and went nowhere. Steve Sosnick of Interactive Brokers has one explanation for all three, and it is not the fundamentals: if every institution is already positioned, there is nobody left to move the needle on good news. Pras Subramanian has Qualcomm’s memory costs and a Toyota that never pivoted to EVs, and Brooke DiPalma broke the Amazon and Uber Eats tie-up on air. Also: why a data center moratorium makes the hyperscalers more valuable, and the toughest housing market in a generation.
Featuring
Steve Sosnick, Chief Strategist, Interactive Brokers
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Brooke DiPalma, Reporter, Yahoo Finance
Timestamps
0:00 Who bought the overnight rally
4:36 Oil falls as the Iran risk comes off
7:31 A data center moratorium is good for the hyperscalers
10:07 Qualcomm cannot buy enough memory
13:19 Arm hit on all cylinders and the stock fell
16:10 Data centers lost at the ballot box
21:03 OpenAI says most of its revenue is enterprise now
24:30 Break
29:46 The jobs report, and the K-shaped economy
35:26 A Democratic Senate is the new check on the Fed
37:15 Pizza, Cava and what people stopped buying
43:22 Amazon ties Prime to Uber Eats
45:52 Toyota did not pivot to EVs and it is winning
49:43 The toughest housing market in a generation
#StockMarket #Midterms2026 #Arm #The830 #YahooFinance
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