LikeFolio Weekly Roundup: NVDA, META, RR

Nvidia (NVDA) earnings were front and center this week as the market bet on the future of AI: What we saw was a masterclass in exceeding expectations.

It wasn’t just about the top line numbers. Nvidia’s data center segment surged 75% year over year to $62.3 billion, now accounting for over 91% of total revenue. Net income nearly doubled. Free cash flow hit $35 billion in Q4.

The real alpha for investors isn't in what Nvidia reported. It's in the details most people skimmed past. We highlighted the hidden AI plays from NVDA’s earnings call earlier this week – check it out here if you haven’t already.

But there was another AI story quietly forming underneath the NVDA headlines…

Meta’s 6 Gigawatt Bet on Advanced Micro Devices (AMD)

Meta Platforms (META) just handed Advanced Micro Devices (AMD) a seat at the biggest AI buildout on the planet: A 6-gigawatt, multi-year, multi-generation commitment that transforms AMD’s AI story from “Nvidia (NVDA) alternative” to core architect of the AI era. 

Here’s what investors need to know.  

This Locks AMD Into Meta’s AI Future 

Meta isn’t just buying a few chips to see how they work. They’re syncing up roadmaps. GPUs. CPUs. Full racks. Software.  

The first wave starts shipping in the second half of 2026. It uses a custom MI450-based GPU built just for Meta’s AI workloads. 

That’s serious commitment. 

You don’t build custom silicon and rack-scale systems for a short-term experiment. 

It means AMD just moved from “alternative option” to core AI supplier. 

6 Gigawatts Is Massive 

One gigawatt can power roughly 750,000 to 1 million homes. 

Six gigawatts? That's enough electricity to power about 4 to 6 million homes. 

Think about that: Meta is building AI infrastructure that will draw as much power as several major cities combined. And AMD’s chips will sit at the center of that buildout. 

This isn’t a small server room upgrade. This is utility-scale AI. 

It’s a long-term, industrial-level commitment to AI compute – and AMD is wired straight into it. 

The Share Deal Tells You Everything 

AMD gave Meta a warrant for up to 160 million shares – but with a catch. 

Meta only gets those shares if: 

• AMD ships the GPUs 

• Meta hits deployment targets 

• AMD stock hits certain price levels 

It’s a bet on execution. Meta wins if AMD delivers. AMD and its shareholders win if the stock rises. 

That’s alignment. But it's not entirely without risk: The performance-based structure also means Meta can walk away if milestones aren’t met. 

What This Means for AMD Shareholders

When we highlighted the opportunity in AMD last June, we weren’t chasing a headline. We were betting that AI infrastructure would take years to build – and AMD would grab a bigger slice of that pie. 

This deal backs that up by giving AMD: 

• Long runway into 2026 and beyond 

• Deeper roots inside Meta’s AI stack 

• More leverage as big tech spreads out its chip spending 

AMD’s CFO said the deal should bring in serious multi-year revenue and boost earnings per share. 

But the big shift here is that hyperscalers don’t want to rely on one supplier forever. Meta just made that clear. And AMD is the main alternative at scale. 

If you own AMD today, this deal just confirmed you’re on the right side of the trend. 

Bitcoin (BTC) Is Flashing a Signal Most Investors Aren’t Ready to Hear

I posted something this week I can’t shake: What if Bitcoin isn’t pricing in runaway inflation… but the most powerful wave of deflation we’ve ever seen?

Stay with me. This matters more than it sounds.

The easy story says Bitcoin rises because the dollar falls. Money printing. Inflation hedge. Digital gold.

But AI changes the equation.

Every major tech leap crushed costs. Railroads. Electricity. The internet. Prices fell. Productivity soared. From 1870 to 1900, the U.S. saw steady deflation – and real GDP nearly tripled.

Now imagine that dynamic on steroids: AI doesn’t just lower the cost of goods, it lowers the cost of thinking. Consultants replaced by agents. Call centers slashed from $10 million to $500,000. Drug timelines cut from 10 years to two.

When intelligence gets cheaper, everything built on it follows.

If that wave accelerates, weak businesses break – and the strong take share.

This week, we issued our Deflation-Proof Blueprint – a framework that focuses on companies built for falling prices and the seven stocks we’re watching now.

These aren’t inflation plays. They’re loyalty and efficiency plays.

Check out The Deflation Playbook here.

Portfolio Spotlight: SOUN, BROS, DASH, and RR

SoundHound AI (SOUN) Takes Voice AI to the Sales Floor 

Voice AI specialist SoundHound took a major step forward at this week’s Mobile World Congress 2026, where it launched Sales Assist: An AI agent that steps directly into the sales process – influencing upgrades, bundles, and revenue at the moment money changes hands. 

For example, picture a telecom store. A customer walks in with a cracked phone. Instead of the associate toggling between five systems and fumbling through upgrade math, SoundHound’s Sales Assist AI listens to the conversation in real time and instantly: 

• Checks upgrade eligibility 

• Pulls billing data 

• Surfaces trade-in promos 

• Suggests bundles and add-ons 

Sales Assist builds directly on SOUN’s proprietary Polaris speech recognition system built for noisy, real-world environments. Perfect for retail floors. 

More important, it orchestrates multiple specialized AI agents behind the scenes – pulling from CRM systems, billing platforms, promo databases, and product catalogs in seconds. 

That’s real-world “agentic AI.” And it’s already deployed across hundreds of enterprise organizations through SoundHound’s broader platform. 

Bottom line: Sales Assist launch moves SoundHound from being seen as a “voice tech experiment” and deeper into being a revenue-critical AI infrastructure partner. 

Dutch Bros (BROS): From Drive-Thru Darling to At-Home Habit 

Dutch Bros is moving from the drive-thru window to kitchen counters across America. 

The stock moved higher this week as the market caught onto its latest “at home” product expansion. Consumers can now find BROS’ ready-to-drink iced lattes, coffee pods, and more on Amazon (AMZN) and in select Walmart (WMT), H.E.B., and Albertsons (ACI) locations.  

The expanded rollout turns a 10-minute drive-thru visit into a daily at-home ritual. It widens the funnel. It deepens loyalty. And it plants Dutch Bros inside grocery aisles nationwide – without the capital cost of building a shop. 

Meanwhile, Q4 earnings confirm BROS’ store engine is still humming: 

• Q4 revenue up 29% to $443.6 million 

•  System same shop sales up 7.7% 

• Systemwide same shop transactions up 5.4% 

• Adjusted EBITDA up 49% 

• 55 new shops opened in Q4 alone 

Full-year revenue grew 28% year over year to $1.64 billion – marking BROS’ 19th consecutive year of positive same shop sales growth. 

Of course, not everything is perfect.  

2026 same shop sales guidance calls for 3% to 5% growth – a step down from Q4’s 7.7%. Management also flagged elevated coffee costs, which could pressure margins. 

Translation: Growth is normalizing. Input costs remain real. 

But EBITDA guidance of $355–$365 million still implies healthy expansion. And the company plans to open at least 181 shops in 2026 as it marches toward 2,029 locations by 2029. 

Unit economics remain strong: Average unit volumes – how much money the average Dutch Bros shop brings in over a year – hit a record $2.1 million in 2025. 

Bottom line: BROS shares have struggled to maintain traction in 2026, down 11% year to date.  But the original playbook – convenience, culture, cold drinks, and disciplined expansion – is intact. And consumer interest remains unrivaled. 

DoorDash (DASH) Cuts the Fat to Grow Stronger 

DoorDash just did something most global tech companies hate to admit: It walked away. 

On Wednesday, the “not just a delivery app” announced its intent to exit international markets including Qatar, Singapore, Japan, and Uzbekistan after a multi-month review. This comes after last week’s Q4 shareholder letter, where CEO Tony Xu outlined a bold plan to transform DoorDash into a smarter, more automated, more profitable machine. 

With this move, DASH is doubling down on markets where it sees a clear path to sustainable scale and long-term leadership. 

If it can’t win big, it won’t play. And that’s exactly what you want to see.

The bullish DASH thesis isn’t about “being everywhere.” It’s about a company building the operating system for local commerce... layering in AI... driving repeat orders... and expanding margins through scale and automation.  

Exiting lower-return geographies frees up capital and management attention for higher-return markets – especially the U.S., key European regions, and core Wolt/Deliveroo strongholds. 

It means less sprawl, more density, better economics. And that’s how logistics businesses like DASH get stronger. 

Bottom line: DASH is tightening its machine and building a more durable, profitable scale. 

🗨️ Member Q&A: Where Is Richtech Robotics (RR) Heading? 

“In light of the recent threatened legal actions by the usual predator law firms and the earnings miss... can you comment on where you think Richtech Robotics (RR) stock is heading? I still like their long-term prospects and their business model and they seem to have enough of a cash runout, but these types of lawsuits can be disruptive over the short-term. I love your insights.  Keep up the good work.” 

– Rich R., MegaTrends subscriber 

Hi Rich – great question, thanks for writing in. Not only do we still like RR, but this reversal could present another accumulation opportunity.  

The labor market for low-wage jobs is still breaking. About 60% of hotels can’t hire enough housekeepers. McDonald’s (MCD) spends close to $6,000 every time a crew member walks out the door. That’s recruiting, training, and lost productivity. 

Those economics don’t work anymore. And Richtech sits right in the middle of that pressure by replacing hard-to-fill roles with AI-powered robotics. 

Now let’s be honest. This is a binary bet. It’s a small company. It could get outcompeted by someone bigger, even Tesla. Volatility will continue. But right now, we see these types of lawsuits as noise. 

Because if RR executes, we see a path to $10, $15, even $20-plus over the next three to five years.