Everyone is already long. Who is left to buy the good news? | The 8:30

Arm beat on every line and the stock fell. Qualcomm beat and fell harder. Toyota raised its guidance and went nowhere. Steve Sosnick of Interactive Brokers has one explanation for all three, and it is not the fundamentals: if every institution is already positioned, there is nobody left to move the needle on good news. Pras Subramanian has Qualcomm's memory costs and a Toyota that never pivoted to EVs, and Brooke DiPalma broke the Amazon and Uber Eats tie-up on air. Also: why a data center moratorium makes the hyperscalers more valuable, and the toughest housing market in a generation. Featuring Steve Sosnick, Chief Strategist, Interactive Brokers Pras Subramanian, Senior Autos Reporter, Yahoo Finance Brooke DiPalma, Reporter, Yahoo Finance Timestamps 0:00 Who bought the overnight rally 4:36 Oil falls as the Iran risk comes off 7:31 A data center moratorium is good for the hyperscalers 10:07 Qualcomm cannot buy enough memory 13:19 Arm hit on all cylinders and the stock fell 16:10 Data centers lost at the ballot box 21:03 OpenAI says most of its revenue is enterprise now 24:30 Break 29:46 The jobs report, and the K-shaped economy 35:26 A Democratic Senate is the new check on the Fed 37:15 Pizza, Cava and what people stopped buying 43:22 Amazon ties Prime to Uber Eats 45:52 Toyota did not pivot to EVs and it is winning 49:43 The toughest housing market in a generation #StockMarket #Midterms2026 #Arm #The830 #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571