Latest / Rigatoni Capital Podcast
Weak Guides Get Punished: AppLovin, Datadog, SanDisk
Earnings were ugly with AppLovin down as much as 27%, Datadog off 15%, and SanDisk down 11%, as weak guides got punished across growth software even when year over year numbers looked fine. DoorDash and Nvidia are up this morning, jobless claims came in hot at 197K, and the Nasdaq is soft, likely a continuation of Alphabet's slide after news that chief scientist Jeff Dean is leaving in a wave of exits to start an AI company.
I explain why I would not rush to buy the Alphabet dip up here even as I agree everyone is replaceable, why the OpenAI headline that it drives most of Microsoft's AI…
The skinny
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