Robert and Austin break down Nvidia's Q2 earnings ($96.2B revenue, +106% YoY), noting the real market mover was guidance: 70% YoY revenue growth projected for FY2028, well above Wall Street's 44% estimate, sending the stock up roughly 10%.

They cover Meta's settlement with 51 state attorneys general over teen-safety claims, landing around $17-18B over 10 years, far below the theoretical $1.4T ceiling floated earlier, with the stock rising as the settlement removed uncertainty.

The hosts also preview Fed Chair Kevin Warsh's first Jackson Hole keynote, discussing how a split committee, weak jobs data, and Warsh's opaque communication style are leaving markets guessing.

Radar points include Cisco's AI-agent rollout on in-house models, Druckenmiller's AI-assisted op-ed controversy, an OpenAI exec departure ahead of a rumored IPO, distressed-hotel flipping, Oura Ring's IPO plans, and Bitcoin-collateralized mortgages.

Check out this week's Rich Habits newsletter: Nvidia Just Did $96 Billion!

And the latest Rate of Returns newsletter: Warsh Takes The Stage At Jackson Hole