# Meta's AI Ambitions, JPMorgan's Airline Warning, and the "Ultimate Contrarian Trade" 4/15/26

Page: https://stenobird.com/podcast/the-exchange-431205/meta-s-ai-ambitions-jpmorgan-s-airline-warning-and-the-ultimate-contrarian-trade-4-15-26
Text version: https://stenobird.com/podcast/the-exchange-431205/meta-s-ai-ambitions-jpmorgan-s-airline-warning-and-the-ultimate-contrarian-trade-4-15-26.md
Podcast: [The Exchange](https://stenobird.com/podcast/the-exchange-431205)
Published: 2026-04-15T18:44:52+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/5f82d997-2e95-4bb9-a347-beaf47be9cb0/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=5f82d997-2e95-4bb9-a347-beaf47be9cb0&feed=tc4zxWgX
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Duration seconds: 2629

## Resource

Meta is doubling down on custom AI chips, expanding its partnership with Broadcom. Delta kicked off airline earnings with a strong Q1 beat, but JPMorgan's Jamie Baker is reducing his 2026 earnings estimates on higher fuel prices. Plus, one technician's "ultimate contrarian trade."

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## Transcript

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