Big Picture Investing with Kevin McCormick

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Kalshi just launched the first regulated single-stock perpetual futures in the United States. In this episode of Big Picture Investing, Robbins World Cup Trading Champion Kevin McCormick puts the exact same $10,000 into three bullish NVIDIA ($NVDA) trades: owning the shares outright, buying a ~30-day call option, and holding a 4x leveraged Kalshi NVIDIA perpetual future.

See the exact math on what happens to your $10,000 across all three instruments if $NVDA rallies +10%, stays completely flat, or drops -10% over a 28-day window—and why a flat tap...

After the worst week in the markets since the April 2025 tariff sell-off, is the tech and AI rout finally nearing a bottom, or do we have another leg lower? In this Weekly Technical Outlook for the week of November 9, Robbins World Cup Trading Champion Kevin McCormick breaks down 15 key charts across the major indices, semiconductors, AI hardware, memory stocks, and crude oil using DeMARK Sequential and Combo exhaustion counts, Relative Retracement levels, and volume analysis.

While short-term traders need to watch for true capitulation volume and final exhaustion flushes across the QQQ and SMH, long-term investors are...

Sandisk (SNDK) just reported fiscal Q1 2027: $11.03B in revenue (+378% YoY), an 85.1% gross margin, and $49.51 in EPS, all ahead of expectations. It also guided above the Street on earnings and announced an 8-for-1 stock split. So why is the stock down 46% from its June high and still choppy after hours? We break down the numbers, AI data center SSD demand, NAND pricing, the guide, and settle it in the Bull vs Bear Debate.

Key Highlights

Revenue $11.03B vs ~$10.7B expected; EPS $49.51 vs ~$46.4Datacenter $4.8B, +61% QoQ, about 18x year over year85.1% gross margin, 80.4% operating margin, $5.7B adjusted FCFFQ2...

Palantir (PLTR) just reported Q3 2026: revenue of $2.31 billion, up 96%, the fastest growth since the IPO, and EPS of $0.44 versus about $0.41 expected. U.S. commercial revenue grew 148% to $984 million and passed U.S. government for the first time, and Palantir raised full-year guidance to about $8.53 billion. But total bookings grew just 6%, U.S. commercial bookings grew 11% after 153% last quarter, remaining performance obligations went flat, and the stock trades at roughly 114 times this year's earnings. We cover the numbers, the bookings problem, profits, guidance, what management said on the call, valuation, and the Bull vs Bear Debate.

Key Highlights<...

Coherent just posted first quarter revenue of $2.37 billion, beat on earnings, guided the December quarter about $100 million above the Street, raised its long term gross margin target to above 45%, and announced a roughly $20 billion PhotonLink agreement with a major AI company. So why did the stock fall 6% into the print? In this episode I break down the numbers, the AI business, scale-across, the guidance, the margin target, the cash burn, and settle it in the Bull vs Bear Debate.

Key Highlights

Revenue $2.37B vs about $2.30B expected, up 50% (56% pro forma)Non-GAAP EPS $2.09 vs about $1.97 to $2.02 expected...

IonQ Q3 2026 earnings: revenue $173.8M (+336% YoY) vs ~$141M Street, adjusted EPS ($0.29), FY2026 guide raised to $505–$515M, RPO $1.2B. Stock closed about -10.5% at $26.43, then bounced about +3% after hours.

Big Picture Investing breaks down the Platform vs SkyWater mix, the guidance raise versus IonQ's Investor Day $450–$460M bridge, the $3.7B pro forma cash pile after the October equity offering, DARPA Stage C and Nvidia Superion 256 validation, and the Bull vs Bear Debate on whether this is real quantum growth or foundry math.

Key Highlights

Revenue $173.8M, up 336%, sixth consecutive record quarterFY2026 guide raised to $505–$515M from $...