We’re coming off a big week in earnings that was highlighted by some of the big Mag7 names. This week has a few other major names on deck, like PLTR, SHEL, MCD, and AMD. In this week’s Earnings Prep issue, Short Term Options Coach Mike Shorr, and Crypto / Penny Stocks Coach Howard Greenberg look at two stocks who report in the coming days that are both nearing all-time highs.
Mike Shorr
Advanced Micro Devices Inc. (AMD) — Tuesday, May 5
Performance: Advanced Micro Devices, Inc. operates as a semiconductor
company internationally.
It operates in three segments: Data Center, Client and Gaming, and Embedded.
The company offers artificial intelligence (AI) accelerators, microprocessors, and
graphics processing units (GPUs) as standalone devices or as incorporated into
accelerated processing units, chipsets, and data center and professional GPUs;
and embedded processors and semi-custom system-on-chip (SoC) products,
microprocessor and SoC development services and technology, data processing
units, field programmable gate arrays (FPGA), system on modules, AI network
interface cards, and adaptive SoC products.
My Take: AMD has been on an absolute tear and is trading near all-time highs.
All signs are bullish, but I am afraid that the bar is set so high that it’s near
impossible to clear that bar. So, I would consider approaching this with an Iron Condor:
AMD 5/8, 315/320/385/390 Iron Condor, sell @ $2.15 or better. You are risking 2.85
to potentially make $2.15.
Howard Greenberg
Hut 8 Corp (HUT) — Wednesday, May 6
Hut 8 is heading into its Q1 2026 report (May 6, BMO) as one of the most dramatic transformation stories in the market right now. What was once a pure-play Bitcoin miner has aggressively repositioned itself as an AI and high-performance computing data center operator—and Wall Street is clearly paying attention, with the stock up nearly 470% over the past year.
The headline that sets the tone walking into this print is the landmark $3.25 billion investment-grade senior secured notes deal, closed just days ago (April 30), to fund the 245 MW River Bend data center in Louisiana—anchored by a Google lease. That is not crypto speculation; that is institutional, investment-grade infrastructure buildout, and it fundamentally changes how you have to think about this company’s valuation. For the Insider community, the key metrics to watch Wednesday are not just the Bitcoin mining numbers—it’s the revenue trajectory of the Digital Infrastructure and Compute segments, and any concrete guidance around the River Bend timeline and lease economics. FY2025 revenue already came in at $235M, up ~45% year-over-year, and the market will want to see that Q1 2026 builds on that momentum.
The fundamental bull case here is a re-rating story. The market is still debating whether HUT deserves a crypto miner multiple or a data center/AI infrastructure multiple—and that gap is enormous. With 76% institutional ownership, a clean analyst slate of all-Buy ratings (price targets ranging from $80 to $136), and a balance sheet now armed with $3.25B in non-recourse project financing, the pieces are in place for a significant upward revision if management delivers on execution. The risk that tempers the excitement is the current income statement—the company posted a net loss of $225M in FY2025, gross margins are razor thin at 10.8%, and short interest sits at a notable 18.1% of float.
That short interest is a double-edged sword: it is a headwind reflecting real skepticism, but it is also jet fuel for a squeeze if the Q1 numbers impress.The Trade Idea: Technically, the stock is knocking on the door of its 52-week high at $83.18, having already run over 62% in the past month alone. The setup into Wednesday is straightforward—HUT is coiled just below that all-time-high ceiling, with RSI at a healthy but not extreme 63.
A strong print, particularly any positive commentary on data center revenue run rate and the River Bend ramp, could be the catalyst that breaks price into open air above $83. A clean, high-volume break and hold above $83.18 targets the $95–$100 zone as the next area of significance. On the downside, a disappointing print or guidance miss risks a sharp reversal back toward the $65–$68 area, which represents the consolidation zone from mid-April and would find natural support near the rising 20-day SMA.
Bottom Line: HUT is the most compelling near-term earnings catalyst in the AI infrastructure/digital assets crossover space right now. The $3.25B Google-backed bond deal has done the heavy lifting of legitimizing the AI pivot—now earnings need to show the revenue is following the narrative.
The 18% short float makes this a high-octane setup in both directions. Watch the $83.18 level on Wednesday morning: a gap and hold above it flips HUT into price discovery territory with real momentum behind it. A rejection there, however, and the stock’s month-long run becomes the story, not the earnings.
