spacex beat earnings and fell 12% and disney beat earnings and rose. Both companies did same thing and got treated completely differently

spacex reported its first earnings as a public company ,beats estimates and still crashed around 11-12% (like their rocket crashed)the reason could be investors focusing on ai capex jumping sixfold to $18.4 billion + a lockup expiry about to release roughly 900 million shares

And then the most hated company disney beat and rose a couple percent .S&P and dow both hit fresh record highs in that same session.

so market is at all time highs where good earnings are getting rewarded and punished depending entirely on which stock we r looking at. (not a simple sell the news environment)

spacex makes sense tho as the lockup releasing hundred millions of shares is a supply event which will overwhelms whatever the earnings said so theres like a lot of new stock about to hit and not enough buyers lined up at this price to absorb it cleanly.

amd's the more interesting one coz it feels less like a nvidia thing and more like the stock got way ahead of itself, up 21% over five sessions and like 140% on the yr , so a clean beat across the board still landed as a letdown against what was priced in. separately musk did say on the call that nvidia will be the exclusive chip supplier for spacex's ai needs and its own signal even if its not the main reason amd dropped.

And now disney's lower expectations, a newer ceos first statement to the market and beat on parks and streaming both, stock rewarded pretty quickly. when the bar's low enough that clearing it still counts as a surprise, the upside skews asymmetric.

is the market getting better at separating business quality from stock supply dynamics?

also looking for platform setup around earnings season ,for short term volatile stuff like spacex and amd i am considering ostium and dydx for the leverage and for longer term accumulation plays like disney trade republic and scalable