Sai

Turn your worst trade into a short film 🎬 We’re launching the Sai AI Video Contest. Make a video with trading somewhere in the story. Comedy, horror, anime, anything goes. ✨ Rewards in USDC Trading Credits ✨ 🥇 $350 🥈 $150 🥉 $50 🗓️ Opens Oct 17, closes Nov 16 See the thread below for more details.

$MSFT earnings: stock up ~3% after hours, while $GOOGL is down ~10%. Azure: $33.2B, up 48%. Expected: ~45%. First time Microsoft broke out Azure in dollars. Microsoft guided to 49% to 50% growth this quarter. Revenue: $92.28B, up 19%, vs $90.62B expected. Operating margin: 50%. Microsoft keeps about half of every revenue dollar after operating costs. Why the market likes it: ▫️ Capex came in at $45.2B, below the ~$50.7B analysts expected ▫️ @Microsoft says demand still exceeds supply ▫️ Commercial backlog hit $677B, up 73% What to watch: ▫️ Q2 revenue guide: $96B to $97.1B ▫️ Q2 capex expected to exceed $50B ▫️ 2026 capex forecast: ~$170B, down from ~$175B as some data center capacity slipped to 2027 Investors aren’t worried about AI spending. They’re worried about AI spending that doesn’t turn into revenue. This quarter, Microsoft’s did.

$GOOGL printed Q3 and the stock is down ~10% after hours. Free cash flow: negative $9.1B. Much worse than analysts expected. The reason is capex. $51.4B in the quarter, more than double last year’s $24.0B. YTD is $132B. The 2026 guide holds at $195B to $205B, but a “significant increase” is still coming in 2027. The good: ▫️ Search query growth hit its fastest YoY rate in five years, driven by AI Mode ▫️ TPU system sales were a meaningful contributor. ▫️ First time @Google delivered its own AI chips to customer data centers The bad: ▫️ Search & other grew 12%, down from 17% in Q2 and 19% in Q1 ▫️ Services ($96.3B) missed the ~$98.5B estimate AI Mode queries monetize at a lower rate than traditional search. Google is expanding ads in AI Mode, including internationally, to close the gap ▫️ Margin headwinds near term as Google starts using third-party cloud capacity The Anthropic angle... per its S-1, Anthropic has committed ~$114.5B to Google for compute (April 2026 to July 2033) and plans $125B to $150B in TPU purchases from Google and others. Google owns 5%+ of @AnthropicAI and has a contingent $20B additional investment commitment. More searches. Less money per search. Higher costs. Market wants to see AI Mode monetization catch up before the 2027 spend step-up. 🔥 Trade GOOGL on sai.fun/perps/usd/GOOGL

The Feds hold at 4.00%. No rate hike. Midterms are right around the corner and nobody in DC wants to do anything rash before voters show up. Gas is already too high. Last thing anyone needs is more pressure on Americans. Add massive tech earnings this week and the @AnthropicAI IPO on deck, the market has to stay hot. Liquidity must stay on.

Stop getting liquidated over a few cents. Sai now lets you add margin to any open position. Don’t let your liquidation price creep closer, and stop closing out early just to protect yourself. If a trade’s going against you but you still believe in it, top up your margin and buy yourself room instead of getting forced out. It’s the difference between managing risk on your terms and letting the market manage it for you. Not financial advice.

Ripple just got a federal banking license. The OCC approved its trust bank. That means a regulated home for RLUSD reserves and crypto custody. @BNYglobal already custodies XRP and RLUSD. ripple:native is still near $1.32. 🔥 Trade XRP on sai.fun/perps/usd/XRP

$HOOD Q3 earnings are out and the stock is down about 5% after hours. Here’s why: Revenue came in at $1.42B, just under the $1.44B estimate. The real story is where the money comes from now. Event contracts hit a record 16.4B, up more than 7x. Rothera, their prediction market exchange, is already at $100M+ in annualized revenue. Gold subscribers hit a record 5.18M. Crypto is the weak spot. Revenue fell 55% to $120M and volume dropped 38%. But transaction revenue still grew 19% to $867M. Options revenue was up 31%, equities up 41%, and event contracts added $173M. Crypto is now about 14% of transaction revenue. A year ago a crypto drop like this would have hurt a lot more. The product pipeline keeps widening. At HOOD Summit they launched 17 products, including perps for eligible US customers, 24/7 trading on select US equities, earnings contracts, and Robinhood Agents. About 200K customers opened Agentic Trading Accounts, with over $1.6B in notional volume. Robinhood Chain also did over $80B in DEX volume in its first quarter on mainnet. One thing to watch: GAAP EPS actually fell 16% to $0.51. The $0.60 is a new adjusted metric they introduced this quarter. With Robinhood’s crypto volume falling 38%, what does that mean for $COIN?

$GOOGL reports Wednesday after the close. Last time it beat and the stock fell 7%. Cloud grew 82% and has a $500B+ backlog of signed deals. Options are pricing about 7% either way. The real question is whether the capex bill is worth it. 🔥 Trade GOOGL sai.fun/perps/usd/GOOGL

Palladium is down over 50% from its high and almost nobody is talking about it. It’s trading around $1,030 and keeps making new lows. $1,090 used to be support. Now it’s resistance. Every bounce keeps getting sold. Lower highs, lower lows. About 80% of demand is catalytic converters. It’s an industrial metal with supply controlled by Russia and South Africa. Sanctions or a mine outage can move it 5% in a day. ▫️ Bull case: price reclaims $1,090. Get back above $1,146, the top of the old range, and the trend flips. ▫️ Bear case: a daily close under $1,019 opens up the $1,000 round number. Trend is down. How do you plan on trading Palladium on Sai? NFA. 🔥 Trade: sai.fun/perps/usd/XPD

JUST IN: S&P Dow Jones just blessed prediction markets. @Kalshi's now the preferred venue for contracts settled against official S&P 500 and Dow Jones Industrial Average values. S&P Dow Jones Indices turns around and builds fresh indices off Kalshi’s markets, politics, economics, sports, AI job impact, weather, all of it. The company behind every index fund in your 401k just handed prediction markets a seat at the grown-ups’ table.

$MSFT reports Wednesday after the close and the bar is high. Last print the stock ripped about 15%. Management is guiding Azure to roughly 45% growth. Options are pricing about a 6% move either way. Bulls want Azure and Copilot. Bears want to talk capex and @OpenAI. Trade MSFT perps on sai.fun/perps/usd/MSFT

Top 10 traded assets on Sai last week by volume. What are you trading on Sai?

He’s checking his chart mid-vows. The priest is reading over his shoulder. This is “Till Death Do Us Pump.” This is exactly the kind of thing we want to see in the Sai AI Video Contest. Join today: discord.gg/saidotfun ✨ Rewards in USDC Trading Credits ✨ 🥇 $350 🥈 $150 🥉 $50 🗓️ Contest closes Nov 16 For more details see the thread below.

JUST IN: @AnthropicAI just filed an S-1 for its IPO. Class A shares, Nasdaq Global Select, ticker $ANT. No price range or share count yet.

Wall Street’s latest upgrades and downgrades. Prices are analyst targets. ⬆️ Upgrades Tesla $TSLA Underperform → Hold | $400 Texas Instruments $TXN Hold → Buy | $330 Northrop Grumman $NOC Neutral → Outperform | $675 Zoom $ZM Perform → Outperform | $139 ⬇️ Downgrades Apple $AAPL Buy → Hold | $330 Netflix $NFLX Outperform → Peer Perform | No target reported Chipotle $CMG Buy → Hold | $32 Deckers Outdoor $DECK Neutral → Underweight | $75 🔥 Analysts have their view. Trade yours on sai.fun/

The Fed decides on interest rates Wednesday. Traders are pricing a hold, with just a 9% chance of a hike. December is a different story. Futures are pricing an 80% chance of a hike by the Dec 9 meeting. ▫️ Hold: 90.6% ▫️ Hike: 9.4% ▫️ Cut: 0%

Price moves away from the average. Then it comes back. That's mean reversion. When an asset overextends in either direction, the probability of it returning to its average increases. Traders use this to identify entries when price is stretched too far from key levels like VWAP or a moving average. Overbought doesn't mean sell immediately. Oversold doesn't mean buy immediately. Mean reversion is about recognizing when the rubber band is stretched and positioning for the snap back. 🔥 Trade on sai.fun/