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👉 Week in Review — Too Long; Didn’t Read:
Key Earnings Announcements:
Uber Technologies experienced record bookings in Q3.
AMD remains Nvidia’s strongest challenges in the AI compute race.
Arm Holdings continues to passively realize double-digit revenue growth by royalty income.
Investor Events / Global Affairs:
The government shutdown has reached record length.
Amazon signed a seven year partnership with OpenAI.
Apple will pay Google $1B per year to use Gemini with Siri.
Warren Buffett is sitting on a massive pile of cash.
Economic Updates:
Consumer sentiment dropped to its lowest level since 2022.
December rate cuts are already in question.
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👉 Portfolio Updates
This market-wide pullback is met with optimism and acceptance.
Stocks trend up and to the right over time, but not without 5-10% pullbacks along the way. For me, I’ll be taking advantage of this pullback by increasing my positions in…
ADI
ALAB
AMD
AMZN
ARM
BRK.B
CRWD
GOOGL
GWW
HIMS
HOOD
KO
MA
META
MSFT
NET
NVDA
OSCR
SHOP
SOFI
TEM
TSLA
UBER
V
WM
If we’re truly heading into a quarter-long risk-off environment as short-term investors lock in their profits — I’m excited. I’ll be adding to the above long-term positions.
👉 Key Earnings Announcements:
Uber Technologies experienced record bookings in Q3, AMD remains Nvidia’s strongest challenges in the AI compute race, and Arm Holdings continues to passively realize double-digit revenue growth by royalty income.
Uber Technologies (UBER)
Key Metrics
Revenue: $13.5 billion, an increase of +20% YoY
Operating Income: $1.1 billion, an increase of +5% YoY
Profits: $6.6 billion, an increase of +154% YoY
Earnings Release Callout
“Uber’s growth kicked into high gear in Q3, marking one of the largest trip-volume increases in the company’s history. We’re building on that momentum by investing in lifelong customer relationships, leaning into our local commerce strategy, and harnessing the transformative potential of AI and autonomy.
We delivered another impressive quarter on both the top and bottom lines, with accelerating growth and record profitability. This consistent execution positions us very well to invest in the many accretive growth opportunities ahead, while maintaining our commitment to returning capital to shareholders.”
My Takeaway
CEO Dara Khosrowshahi highlighted the company's strong top-line momentum, noting that trip growth of 22% was the fastest since 2023. He outlined six strategic priorities, emphasizing deepening engagement across the platform, expanding into local commerce like grocery and retail, and investing in autonomous vehicle technology. The company is also broadening earning opportunities for drivers and couriers through a "multiple gigs" program and using AI to enhance operations.
The company is actively expanding its grocery and retail delivery services, an area that is growing significantly faster than its restaurant delivery business. Partnerships, such as the expanded grocery delivery with Loblaw in Canada and integration with Toast's point-of-sale system for restaurants, were emphasized as drivers of growth and increased platform stickiness.
In the realm of technology, investments in autonomous vehicles and AI are expected to drive long-term value, even if they remain loss-making in the near term. The company's enhanced driver experience and growing membership base, which now exceeds 25 million, were also cited as key to strengthening its competitive moat.
The company’s guidance for Q4 bookings of ~$52.25-$53.75 billion shows confidence that the uptrend will continue into the holiday season, which is crucial because many investors will be looking for visible evidence of sustained growth rather than a single strong quarter.
Long Uber, as I continue to believe this company will expand margins as robo-taxis and autonomous vehicles enter their fleet.
Advanced Micro Devices (AMD)
Key Metrics
Revenue: $9.3 billion, an increase of +36% YoY
Operating Income: $2.2 billion, an increase of +30% YoY
Profits: $2.0 billion, an increase of +31% YoY
Earnings Release Callout
“We delivered an outstanding quarter, with record revenue and profitability reflecting broad based demand for our high-performance EPYC and Ryzen processors and Instinct AI accelerators. Our record third quarter performance and strong fourth quarter guidance marks a clear step up in our growth trajectory as our expanding compute franchise and rapidly scaling data center AI business drive significant revenue and earnings growth.”
My Takeaway
AMD delivered a standout performance in Q3 2025, with revenue topping $9.25 billion—an impressive ~36% year-over-year increase. The growth was driven by robust demand across both its data center and client/gaming segments.
In the data center business, revenue rose to about $4.3 billion, up ~22%, signaling that AMD’s investments in EPYC CPUs and AI accelerators are gaining traction. Even more dramatic was the client/gaming revenue, which surged ~73% to around $4 billion—showing that AMD is not only competing effectively in server and AI megatrends, but also gaining meaningful momentum in PCs and gaming hardware.
Profitability showed meaningful improvement too. That margin improvement is notable given the heavy investments in AI and infrastructure, and suggests that AMD is scaling its computing business efficiently. The guidance for Q4, which anticipates revenue between $9.3 billion and $9.9 billion, further underscores management’s confidence in both the underlying business and the demand trajectory.
The embedded segment declined, pointing to some pockets of softness. Also, while data-center AI growth is solid, the ~22% growth rate is less dramatic than the client/gaming segment and may reflect more competitive pressures or capacity build constraints.
In summary, AMD appears to be at an inflection point: its compute portfolio (servers + AI + client/gaming) is showing broad-based strength, the scale is increasing, and the roadmap looks promising. The key for investors will be whether AMD can maintain this pace, particularly in its data-center and AI hardware business, convert these gains into lasting margin expansion, and continue executing as competition intensifies in the AI semiconductor space.
I continue to believe they can — Long AMD.
Arm Holdings (ARM)
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