Microsoft Azure's growth rate exceeded 40% this quarter, with annualized revenue reaching over 100 billion US dollars for the first time. More importantly, capex fell short of market expectations. Burning money and making money have finally come together, and the path of AI monetization has been verified halfway. On the other hand, SK Hynix has locked in 60-70% of the supply of Nvidia HBM4, with production capacity sold until 2027. Huang Renxun personally confirmed that it is the largest memory partner, locking in four product lines at once. Storing super cycles is not a narrative, but a production schedule. Meta is not as good looking, with revenue increasing by 28%, but free cash flow hitting a four-year low. The lower limit of capex will be directly raised to over 130 billion US dollars in 2026. Similarly, with AI investment, the market applauds Microsoft and offers discounts to Meta. And this week is not over yet - Apple and Amazon submitted their papers after hours yesterday. Amazon's quarterly revenue exceeded 200 billion yuan for the first time, AWS grew by 37%, and increased by over 8% after hours; Apple's revenue hit a record for the June quarter, but fell more than 6% after hours due to lower than expected service revenue and guidance for the next quarter. The market window is so dense that it's not even a few times a year. The direction is not difficult to judge, but the difficulty lies in whether your money can be adjusted at the moment of judgment. To lay out Nvidia, one needs to open a US stock account, withdraw funds, exchange currency, and wait for the account to be credited. After a few days, the financial report has all fallen. Having a pile of USDT in hand is just not enough to motivate. After buying stocks, the money is still locked up. To open other positions, you must first sell the stocks. Let me show you a set of numbers in my @ bitget account. The USDT balance is 552, that's all, there's no other cash available. But when you open the stock contract page, the available margin shows 1588 USDT, and you can open 1522. Where did the extra one thousand yuan come from? There are still 1.14 rQQQ (equivalent to 784 US dollars) and 0.23 rMSFT (equivalent to 105 US dollars) lying in the account, plus BGB and a little BTC, with a total asset of 1643 US dollars. The UTA unified account calculates all of these into the same deposit pool, and the assets of 1643 are converted into 1588 available limit with minimal loss. The key is that rQQQ and rMSFT haven't been affected at all. The Nasdaq rose and it followed suit, while Microsoft released its financial report and it followed suit. The exposure was fully retained, and these two positions are already being used as margin for the contract account. One rToken can hold three jobs. The first job is to take exposure, with 1:1 corresponding to real stocks, and dividends received in USDT. The second job is as a security deposit, which is the set of numbers above. The third job is to borrow USDT as collateral, and you can get cash without selling your holdings. The financing cost is significantly lower than that of securities firms' two financing, and you can borrow it back to buy rToken, thus increasing your exposure. The second picture is worth mentioning separately SPCX perpetual contract, 20 times full position, pay attention to the night trading marked in the upper left corner. SpaceX was listed on NASDAQ on June 12th at an issue price of 135. After going public, it surged to 225 and then fell back all the way. Now, it is just over 113 and has fallen below its issue price. It was just included in the NASDAQ 100 on July 7th, and the first financial report is due to be submitted in August. At the same time, there is a large-scale insider unlocking. This ticket won't be quiet next. Three details: The picture shows the night trading session, where the US stock market has already closed for a few hours and the trading volume is still running. Financial reports are released after the market closes, and you can only wait for the next day in your brokerage account; Buying long and selling short are arranged side by side. This type of ticket, which has been halved and is still under the pressure of lifting the ban later, requires short selling at securities firms. The amount may not be sufficient and the cost is not low; The trading price ranges from tens of thousands to 300000 USDT, with a funding rate of 0.0000%. Bitget's US stock liquidity far exceeds your imagination. By the way, the rQQQ in the first picture now indirectly contains SPCX, and after adjusting it to 100, QQQ has already installed it. A rQQQ holding Nasdaq exposure while providing margin for this SPCX position, this cycle is quite interesting. The winner of the earnings season is not whether you see the right direction or not, but whether the money can keep up at the right moment. The difference between doing three things with the same amount of money and only being able to do one thing is this. Leverage and collateral are both double-edged swords. A correction in rToken will directly lower the margin rate, and the portion of margin that rises will also be withdrawn as it is during a correction. For targets with volatility like SPCX, it is even more important to leave enough buffer. The above is a personal test record and does not constitute investment advice. To make the USDT in your hand truly efficient this week, go to @ bitget's unified account and double check the numbers yourself.