Episode Details

Today’s earnings window highlights massive physical bottlenecks forming in the AI hardware supply chain, alongside a stark reminder of how Wall Street values human headcount.

• Analog Devices (ADI) is hoarding 168 days of inventory to solve extreme NVIDIA power-density bottlenecks.

• Intuit (INTU) purged 17% of its workforce to eliminate middle-management bloat despite record cash flows.

• Target (TGT) intentionally increased human staffing in physical aisles to fix retail friction, triggering selloffs.

Ultimately, investors are actively penalizing structural labor changes, universally rejecting both corporate managerial cuts and the expansion of frontline operational retail workers.