TSMC stock hits all-time high after Elon Musk confirms early Terafab talks
Taiwan Semiconductor Manufacturing Company shares touched intraday all-time highs on Monday after Elon Musk confirmed early-stage talks with the chipmaker about a potential collaboration on his Terafab semiconductor initiative. Musk responded on X over the weekend to a newsletter from tech journalist Tim Culpan, who wrote that TSMC is exploring ways to work with Terafab to help the startup chipmaker run its new semiconductor factories in Texas, saying, "Just discussions, but something may come of it." Terafab is Musk's plan to build a giant semiconductor factory to serve Tesla, SpaceX, and xAI. US chip maker Intel, which joined Terafab back in April, was down roughly 2%. TSMC is the world's largest foundry, and its business has boomed on demand for semiconductors used in artificial intelligence, with the stock up about 60% year to date as the company expands in the US to manufacture chips for clients including Apple, Nvidia, and AMD.
2330.TW · Demand · Positive Musk confirmed early-stage talks for TSMC to help run Terafab's Texas fabs, a potential new foundry customer win on top of its AI-driven demand.
INTC · Competition · Negative Intel, which joined Terafab in April, fell ~2% as TSMC emerged as a potential Terafab collaborator, threatening Intel's position in the initiative.
Qualcomm and Arm open new trial over chip testing tools
Qualcomm and Arm Holdings began a new trial on Monday, with Qualcomm claiming Arm withheld chip testing tools required under their contract. Qualcomm also alleges Arm leaked information to the media about its 2024 threat to cancel a critical license agreement, which hurt negotiations for a chip deal between Qualcomm and Meta Platforms. In the lawsuit filed in US federal court in Delaware, Qualcomm is seeking to stop paying royalties to Arm for up to five years, an amount that could be worth billions of dollars. Judge Maryellen Noreika is considering whether to remove the five-year royalty hold provision from the contract; if removed, Qualcomm would only be able to seek a smaller amount in damages. Arm, owned by Japan's SoftBank Group, has denied breaking the contract and argued it did not harm Qualcomm's chip deals, which it called speculative, and countered that Qualcomm cannot seek damages for the leaked termination letter because Qualcomm leaked confidential details of antitrust investigations into Arm to the media. The five-day jury trial represents another chapter in the difficult relationship between the two companies.
ARM · Regulation · Negative Qualcomm's lawsuit seeks to halt up to five years of royalty payments to Arm, a legal/contract threat to Arm's licensing revenue.
QCOM · Regulation · Positive Qualcomm is the plaintiff seeking to stop paying Arm royalties for up to five years, potentially worth billions.
Strategy Buys 334 More Bitcoin and $176M of STRC Stock
Strategy added 334 bitcoin for $28.7 million while spending $176.3 million to buy back its STRC preferred stock, a sum roughly six times larger than its latest bitcoin purchase. The bitcoin purchase was funded with $15.7 million from issuing and selling MSTR shares and $13 million from Strategy's flexible USD cash pool, while the STRC buyback was funded with $154.1 million of its USD cash pile and $22.2 million of interest earned on its dollar holdings. Strategy now holds $4.88 billion in protected USD reserve and $833.4 million of flexible USD cash, and has spent about $64 billion in total on bitcoin at an average cost base of $75,440.70. Separately, a joint venture between OKX and Intercontinental Exchange, the parent of the New York Stock Exchange, has filed to offer 24/7 tokenized US stock trading under the SEC's proposed five-year innovation exemption, with an initial list of 63 stocks including Strategy, Apple, Nvidia, Coinbase, Robinhood and Circle. Trading would run continuously through Uniswap liquidity pools on OKX's X Layer in USDC, USDG and USDT pairs, with assets held in self-custodial wallets and backed one-for-one by actual shares held through a registered broker-dealer. Bloomberg Terminal has also begun carrying Hyperliquid data, and the Independent Community Bankers of America is suing the OCC over national trust bank charters granted to crypto companies. Ethereum Layer 2 network Blast will shut down with an October 26 withdrawal deadline, after assets on the network fell from $2.2 billion to $32 million and its token lost 98% of its launch value, while the IMF approved funds for El Salvador after a waiver for its bitcoin breach.
MSTR · Capital · Positive Strategy added 334 bitcoin for $28.7M and bought back $176.3M of its STRC preferred stock, funded from share sales and its USD cash pile.
ICE · Regulation · Neutral ICE's NYSE-parent joint venture with OKX filed to offer 24/7 tokenized US stock trading under the SEC's proposed five-year innovation exemption.
Strategy Buys 334 More Bitcoin and $176M of STRC Stock
Strategy added 334 bitcoin for $28.7 million while spending $176.3 million to buy back its STRC preferred stock, a sum roughly six times larger than its latest bitcoin purchase. The bitcoin buy was funded with $15.7 million from issuing and selling MSTR shares and $13 million from Strategy's flexible USD cash pool, while the STRC repurchase was covered by $154.1 million of its USD cash pile and $22.2 million of interest earned on its dollar holdings. Strategy now holds $4.88 billion in a protected USD reserve and $833.4 million in flexible USD cash, and has spent about $64 billion in total on bitcoin at an average cost base of $75,440.70. Separately, a joint venture of OKX and Intercontinental Exchange, the parent of the New York Stock Exchange, has filed to offer 24/7 tokenized US stock trading under the SEC's proposed five-year innovation exemption, with an initial list of 63 stocks including Strategy, Apple, Nvidia, Coinbase, Robinhood and Circle, traded through Uniswap liquidity pools on OKX's X Layer in USDC, USDG and USDT pairs and held in self-custodial wallets. Bloomberg Terminal has begun integrating Hyperliquid data for round-the-clock pricing, the Independent Community Bankers of America is suing the OCC over national trust bank charters granted to crypto firms, Ethereum Layer 2 network Blast will shut down with an October 26 withdrawal deadline after assets fell from $2.2 billion to $32 million and its token lost 98% of its launch value, and the IMF approved funds for El Salvador after a waiver for its bitcoin breach, ending government bitcoin purchases.
MSTR · Capital · Positive Strategy added 334 bitcoin for $28.7M and spent $176.3M buying back its STRC preferred stock, a capital allocation move.
ICE · Regulation · Positive ICE's joint venture with OKX filed to offer 24/7 tokenized US stock trading under the SEC's proposed five-year innovation exemption.
OKX · Regulation · Positive OKX's joint venture with ICE filed to offer 24/7 tokenized US stock trading under the SEC's proposed innovation exemption.
Akamai's $11.6 Billion Anthropic Deal Draws Cramer's Attention
Akamai Technologies announced an approximately $11.6 billion agreement supporting Anthropic's central processing unit workloads, a deal that also provides for a potential additional $9 billion in business beyond the initial commitment. On Mad Money, Jim Cramer said the seven-year contractual commitment works out to $1.66 billion per year, more than a third of what Akamai is expected to bring in this year, though the annual figure is a simple average and Akamai's filing specifies separate seven-year project terms beginning on their respective service start dates, with payments subject to delivery and availability requirements. Akamai estimates approximately $5.5 billion in capital expenditures related to the Anthropic commitment, including an additional approximately $1.7 billion in 2026, and left its 2026 revenue guidance unchanged while issuing an Anthropic warrant covering up to approximately 5% of its outstanding common stock. In the second quarter, Akamai's cloud infrastructure services revenue rose 39% year over year to approximately $99 million and security revenue rose 10% to approximately $604 million, helping total revenue grow 5% to approximately $1.1 billion, while delivery and other cloud applications revenue declined 6% and adjusted earnings per share fell 8% to $1.59. Cramer, who highlighted Akamai's distributed Akamai Inference Cloud initiative and its edge computing approach, said the stock's retreat after the announcement felt like a buying opportunity, noting it trades at approximately 16.6x forward earnings, below Fastly's approximately 48x multiple.
AKAM · Capital · Positive Akamai estimates ~$5.5B in related capex and issued an Anthropic warrant for up to ~5% of its stock, while Cramer called the post-announcement pullback a buying opportunity at ~16.6x forward earnings.
AKAM · Demand · Positive Akamai announced an ~$11.6B seven-year agreement supporting Anthropic's CPU workloads, with potential for ~$9B more.
Anthropic · Demand · Positive Anthropic is the beneficiary of Akamai's ~$11.6B commitment to support its CPU workloads, with potential for ~$9B more business.
FSLY · Competition · Neutral Fastly is cited only as a valuation comparison, trading at ~48x forward earnings versus Akamai's ~16.6x.
Strategy's high-profile STRC preferred stock is nearing the critical $100 level, a threshold that may once again open the door to an important line of capital for the Bitcoin treasury juggernaut to grow its cryptocurrency position. The development centers on the preferred instrument tied to the company's Bitcoin accumulation strategy, with the $100 mark serving as the key reference point for whether that capital channel reopens.
TD SYNNEX Earns Zacks Rank #1 as Earnings Estimates Jump
TD SYNNEX has been awarded a Zacks Rank #1 (Strong Buy) after analysts sharply raised their earnings estimates for the company. The consensus estimate for the current quarter now stands at $5.69 per share, a year-over-year change of +48.6%, and has climbed 27.47% over the last 30 days as four estimates moved higher with no negative revisions. For the full year, the company is expected to earn $20.50 per share, a change of +55.4% from the prior-year number, with the consensus estimate rising 10.47% over the past month as five estimates moved higher and none moved lower. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an externally-audited track record in which #1 Ranked stocks have generated an average annual return of +25% since 2008. TD SYNNEX shares have added 6% over the past four weeks.
Zscaler CEO Jay Chaudhry Warns AI Agents Are the New Weak Link in Cybersecurity
Zscaler CEO Jay Chaudhry said AI agents will become the weakest link in corporate security, warning that agents running loose on corporate networks can be hijacked and operate at machine speed with no breaks. In a Yahoo Finance interview, Chaudhry said more than 50% of Fortune 500 companies are Zscaler customers and that the company is extending its zero-trust architecture to agents, giving them access only to specific applications and services. He said enterprises are not ready for tools like Meta's Muse, though his team has been testing it, and he rejected OpenAI CEO Sam Altman's suggestion that the world should accept some bad outcomes for AI's benefits. Chaudhry also said Zscaler's investor day, its first since 2021, will share visibility into the AI and agentic contribution to its financials, after JPMorgan asked for greater clarity on timing and magnitude. He added that going public makes companies more responsible and that Zscaler has been public for eight years.
0ZC.XETRA · Technology · Neutral Same Zscaler entity (German-listed line): CEO warns AI agents are the new weak link while extending zero-trust architecture to agents.
0ZC.XETRA · Capital · Neutral Same Zscaler entity: upcoming investor day to disclose AI/agentic contribution to financials after JPMorgan requested clarity.
ZS · Technology · Neutral CEO warns AI agents are the new cybersecurity weak link while Zscaler extends zero-trust architecture to agents, a product/tech development with unclear near-term financial impact.
ZS · Capital · Neutral Zscaler's first investor day since 2021 will share visibility into AI and agentic contribution to financials after JPMorgan sought clarity on timing and magnitude.
ON Semiconductor Earnings ESP of +5.20% Points to Another Beat
ON Semiconductor Corp. is positioned to extend its earnings-beat streak when it reports its upcoming quarter, according to Zacks Investment Research. The semiconductor components maker has topped consensus estimates by an average of 3.85% over the last two quarters, reporting $0.74 per share against an expected $0.72 in the most recent quarter, a surprise of 2.78%, and $0.64 per share versus a $0.61 consensus in the prior quarter, a surprise of 4.92%. The stock currently carries a Zacks Earnings ESP of +5.20% alongside a Zacks Rank #3 (Hold), a combination that Zacks research shows produces a positive surprise nearly 70% of the time. Zacks notes that a negative Earnings ESP reading reduces the metric's predictive power but does not signal an earnings miss.
Palantir Technologies Carries Positive Earnings ESP Into Next Report
Palantir Technologies Inc. (PLTR) heads into its next quarterly earnings report with a positive Zacks Earnings ESP of +2.38% and a Zacks Rank #1 (Strong Buy), a combination that points to another possible earnings beat. The company has topped estimates by 15.47%, on average, over the last two quarters. In the most recent quarter, Palantir Technologies was expected to post earnings of $0.35 per share but reported $0.41 per share instead, a surprise of 17.14%. In the prior quarter, the consensus estimate was $0.29 per share while it actually produced $0.33 per share, a surprise of 13.79%. Zacks research shows that stocks combining a positive Earnings ESP with a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time.
PLTR · Capital · Positive Palantir enters its next earnings report with a positive Zacks Earnings ESP of +2.38% and a Zacks Rank #1 (Strong Buy), pointing to a possible earnings beat.
Akamai's Anthropic Deal Adds $11.6 Billion AI Backlog as Margins Slip
Akamai Technologies is deepening its shift from content delivery into security and cloud infrastructure, anchored by an expanded Anthropic agreement worth $11.6 billion over seven years, with potential to grow by an additional $9 billion. Second-quarter 2026 security revenues rose 10% year over year to $604 million, more than half of total revenues, while Cloud Infrastructure Services revenues surged 39% to $99 million, and first-half 2026 CIS contracts totaled more than $2.8 billion. Total second-quarter revenues rose 5% to $1.1 billion, but non-GAAP earnings fell 8% to $1.59 per share, adjusted EBITDA dropped 6%, and non-GAAP operating margin contracted to 25% from 30%. Delivery and other cloud application revenues declined 6% to roughly $396 million, and Akamai expects approximately $5.5 billion of total capital expenditures tied to the Anthropic commitment, including around $1.7 billion of incremental capex in 2026. Management guided 2026 revenues to between $4.45 billion and $4.53 billion, while 2026 earnings estimates fell 4.6% to $6.62 and 2027 estimates dropped 8.6% to $6.79 over the past year.
Schneider Electric to Buy PTC for About $22.6 Billion in All-Cash Deal
Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal aimed at tapping into the artificial-intelligence boom, sending PTC shares rallying. Qualcomm shares moved higher after the company agreed to license patents underpinning Huawei Technologies Co.'s novel LogicFolding chipmaking technique. Taiwan Semiconductor shares gained as sentiment was boosted by discussions between the Taiwanese chip giant and Elon Musk's Terafab on potential collaboration.
Fortinet Stock Up 119.9% in Six Months as AI Demand Drives Raised 2026 Outlook
Fortinet shares have climbed 119.9% over the past six months, and the company's second-quarter 2026 results and raised full-year guidance suggest the rally rests on fundamentals rather than speculation. In the second quarter of 2026, revenues rose 26% year over year to $2.05 billion, product revenues jumped 52% to $773 million, and billings climbed 33% to $2.37 billion, while the newly framed SASE Firewall business grew 34% to more than $2 billion. Management raised its 2026 revenue outlook to $8.02-$8.18 billion from a prior $7.71-$7.87 billion, implying 19% growth at the midpoint, and lifted billings guidance to $9.35-$9.55 billion, non-GAAP operating margin to 35-37%, and non-GAAP earnings to $3.41-$3.47 per share. Fortinet also acquired Virtue AI on Aug. 17, 2026, was named a Leader in the 2026 Gartner Magic Quadrant for Hybrid Mesh Firewall on Sept. 10, and opened a New York City Innovation Hub on Sept. 15 with an investment of more than $60 million, while second-quarter free cash flow more than tripled year over year to $966 million and Moody's upgraded its debt rating to A3. The stock trades at a forward 12-month price-to-earnings ratio of 48.59 versus the sector's average of 21.33, and Fortinet will report third-quarter 2026 results on Oct. 28.
FTNT · Capital · Positive Q2 2026 revenue rose 26% to $2.05B with raised full-year guidance, tripled free cash flow, and a Moody's upgrade to A3.
FTNT · Demand · Positive Product revenues jumped 52% and billings climbed 33%, with the SASE Firewall business growing 34% to over $2B on AI-driven demand.
Micron Buyback Restrictions Expire December 9, Freeing Cash for Stock Repurchases
Restrictions on Micron Technology buybacks tied to its CHIPS Act funding are set to expire on December 9, a date Yahoo Finance Executive Editor Brian Sozzi says investors should circle on the calendar. Sozzi noted that Micron is generating massive free cash flow, with roughly 33 billion dollars expected in the coming quarter, and that Cantor Fitzgerald is modeling about 150 billion dollars in free cash flow next year and about 182 billion dollars in 2028. Micron said on its last earnings call that it could purchase billions of dollars of its own stock and aggressively reduce its outstanding share count by at least 30 percent, according to Cantor Fitzgerald. Sozzi said the company is likely to use that free cash flow to buy back stock at what it considers attractive levels, and that the street expects the stock to rally into the December 9 announcement. He added that he does not expect the buyback to be as large as Nvidia's, given the two are very different companies.
MU · Capital · Positive CHIPS Act buyback restrictions expire Dec 9, freeing Micron to repurchase billions of dollars of stock and cut share count by at least 30%.
Jabil Inc. reported fourth-quarter revenue of $10.6 billion, up from $8.3 billion, with core EPS of $4.4 versus $3.29, and guided fiscal 2027 revenue to $44.5 billion, representing 24% growth. The company projected a 30-basis-point expansion in core operating margin to 6.1% and core EPS growth of 34% to $17.55. AI infrastructure is the company's most important growth engine, with its capital equipment business expected to reach $4.2 billion in fiscal 2027, up 40% year over year, while networking and communications is expected to generate $3.9 billion, up 15%. Jabil also expects its healthcare and packaging business to generate $5.6 billion in fiscal 2027 revenue, up 6%, with more than 700 million injectors and delivery pens manufactured, while renewable and energy infrastructure revenue is expected to rise 7% to $3 billion and auto and transportation revenue to increase 9% to $5 billion. The stock has gained 50.5% over the past year, trailing the Electronic Manufacturing Services industry's 64.5% growth, and trades at 17.5 forward earnings versus 20.2 for the industry and its mean of 21.5.
Strategy Adds 334 BTC for About $24 Million, Resuming Third Straight Week of Weekly Purchases
Bitcoin rebounded to $86,970 on October 5 after Strategy disclosed it had acquired an additional 334 BTC worth about $24 million. Michael Saylor said on X that Strategy recorded $21 billion in valuation gains on digital assets in the third quarter of 2026, acquired 334 BTC the previous week, and bought back about $176 million worth of STRC shares. As of October 4, the company held 848,000 BTC and about $5.7 billion in dollar-denominated assets. With this purchase, bitcoin buying has continued for a third consecutive week, extending a trend that resumed in late August after a ten-week pause from June 7 to August 23. U.S. spot bitcoin ETFs also recorded total inflows of $3.219 billion over 11 of the past 12 trading days. In prediction markets, Kalshi puts the probability of bitcoin exceeding $100,000 by January 2027 at 38%, while Polymarket sees only a 12% chance of it reaching $100,000 during October.
MSTR · Capital · Positive Strategy acquired 334 BTC for ~$24M, resuming weekly purchases and extending its bitcoin accumulation strategy.
BTC · Demand · Positive Strategy's continued BTC purchases plus $3.219B of spot bitcoin ETF inflows over 11 of 12 days signal strong demand for bitcoin.
Kalshi · · Neutral Kalshi is only cited for its prediction-market probability of bitcoin exceeding $100,000, not a company-specific development.
Polymarket · · Neutral Polymarket is only cited for its prediction-market probability of bitcoin reaching $100,000 in October, not a company-specific development.
Cloudflare Partners With Deutsche Telekom to Expand European Enterprise Reach
Cloudflare has entered a strategic partnership with Deutsche Telekom under which the German carrier will add Cloudflare's security and connectivity solutions to its enterprise portfolio and the two companies will directly connect their networks. Deutsche Telekom will also train and certify its professionals on the Cloudflare platform through T-Systems, giving customers support for consulting, implementation and managed security services. The deal covers protection of applications, networks and data as well as AI workloads, and the companies plan to work on digital resilience and sovereignty in Europe, including protection of critical data and infrastructure and the use of post-quantum cryptography. The Zacks Consensus Estimate for Cloudflare's 2026 and 2027 revenues indicates year-over-year growth of 32.5% and 28.6%, respectively. Cloudflare shares have jumped 77% in the year-to-date period compared with the Zacks Internet – Software industry's return of 9.9%, and the stock trades at a forward price-to-sales ratio of 35.28 versus the industry's average of 4.42.
NET · Demand · Positive Cloudflare's security and connectivity solutions will be added to Deutsche Telekom's enterprise portfolio, expanding its European enterprise reach.
DTE.XETRA · Demand · Positive Deutsche Telekom will add Cloudflare's security and connectivity solutions to its enterprise portfolio and train its professionals via T-Systems.
Workday Report Finds AI Rewriting Jobs as Basic AI Skills Demand Falls 25%
Workday released its October 2026 Global Workforce Report, finding that 40% of business leaders expect AI to help them get more out of existing employees while just 28% expect it to reduce headcount. Demand for basic AI skills such as simple prompting peaked in January 2026 and then fell 25%, while demand for hands-on skills like building AI tools, automating workflows, and AI engineering climbed 51% between September 2025 and July 2026, based on skills data from over 550 employers using Workday Recruiting. Internal role moves fell at 57% of employers year over year and promotions stayed essentially flat, with the median number of applicants per filled job rising to 69 from 58 a year earlier, up 27% in financial services and 40% in technology and media. In a September 2026 survey of 6,000 full-time employees, 79% said they know what skills they need but only 66% said their employer helps them develop those skills, a 13-point gap. Voluntary turnover sits at roughly 16% a year and about 70% of employees remain with the same company after two years, yet employees who plan to stay are less likely to recommend their employer, a gap reaching 11 points in the public sector.
WDAY · Demand · Positive Workday's own Global Workforce Report showcases its Recruiting skills data and positions it as the authority on AI-driven workforce shifts, supporting demand for its HCM products.
Maris-Tech Wins Pilot Order for Armored Vehicle Situational Awareness
Maris-Tech Ltd. announced it has received a pilot order for an armored vehicle situational awareness application from a leading global defense company, secured through a distributor. The pilot follows an extensive engineering and adaptation process in which Maris-Tech's Jupiter product line was adapted to meet the end customer's specific video streaming requirements for armored vehicle situational awareness. The company said the adaptations developed through this process have expanded the capabilities of its products and may also support additional applications and market opportunities across the modern battlefield. Based on estimates and forecasts provided by the end customer, successful completion of the pilot could result in significant follow-on orders over the coming years, according to the company. Chief Executive Officer Israel Bar said the pilot represents the result of a substantial engineering process focused on meeting the specific video requirements of a major defense customer, and that the capabilities developed strengthen the versatility of the Jupiter product line and expand its relevance to additional armored vehicle and battlefield applications.
MTEK · Demand · Positive Maris-Tech received a pilot order for its Jupiter product line for armored vehicle situational awareness, with potential for significant follow-on orders.
NextNav and AiRANACULUS Partner on Long-Range 5G Sensing and Counter-UAS Detection
NextNav Inc. announced a strategic partnership with AiRANACULUS to advance integrated sensing and communications across NextNav's licensed lower 900 MHz spectrum. The collaboration combines NextNav's ground-based 5G-powered 3D PNT network with AiRANACULUS's advanced signal processing technology to expand NextNav's drone sensing and long-range early warning capability for counter-unmanned aircraft systems while reducing the infrastructure required for wide-area sensing coverage. The two companies will validate long-range ISAC capabilities using NextNav's 5G PNT Network and AiRANACULUS's hardware and software stack, with initial testing focused on extended-range threat detection to identify and track drone activity within NextNav's 5G PNT Network footprint in Santa Clara County, California. Deepak Joseph, Vice President of Product at NextNav, said safe airspace management is critically enhanced by long-range detection capabilities that provide early warning and scale cost effectively, while AiRANACULUS Founder and CEO Dr. Apurva N. Mody said applying digital beamforming and advanced receiver signal processing to low-band 5G enables detection of smaller targets at much greater distances. NextNav said results from the collaboration will support ongoing assessments of performance and applicability across critical infrastructure and national security use cases.
NN · Technology · Positive NextNav partners with AiRANACULUS to advance long-range 5G sensing and counter-UAS detection using its licensed 900 MHz spectrum and 5G PNT network.
AiRANACULUS · Technology · Positive AiRANACULUS partners with NextNav to apply its signal processing and beamforming technology to long-range 5G ISAC and drone detection.
Synopsys Signs $1 Billion Accelerated Share Repurchase With JPMorgan
Synopsys has entered into a $1 billion accelerated share repurchase agreement with JPMorgan Chase Bank, National Association. Under the terms of the ASR, the Sunnyvale, California-based chip design software company will receive an initial delivery of approximately 1,735,000 shares, with any remainder to be settled on or before January 5, 2027. The final number of shares Synopsys repurchases will be based on the average of its daily volume-weighted average share prices during the repurchase period, less a discount. Synopsys trades on Nasdaq under the ticker SNPS.
Diskover Data Partners With NetApp to Bring Metadata Discovery to File-Intensive Workloads
Diskover Data announced a new collaboration with NetApp that extends the Diskover Platform's governed visibility and control to ONTAP and StorageGRID environments in media and entertainment, semiconductor design, and other file-intensive sectors. Under the collaboration, customers will be able to purchase Diskover Platform through NetApp beginning in November 2026, with the platform available now for NetApp ONTAP and StorageGRID environments. Diskover's DataDiscovery uses specialized scanners to index metadata in place across ONTAP and StorageGRID, capturing ownership, permissions, age, cost, and project context in a searchable, governed catalog. Diskover says customers typically reclaim 10 to 30 percent of their footprint, exceeding three million dollars in larger environments, with return on investment inside 30 to 60 days. Will Hall, Chief Executive Officer of Diskover Data, said the collaboration gives NetApp customers a governed, searchable view of the data behind their projects, while Sandeep Singh, Senior Vice President and General Manager, Platform at NetApp, said Diskover extends the NetApp ecosystem with specialized discovery for customers with file-intensive workloads.
NTAP · Demand · Positive NetApp will sell the Diskover Platform through its channel starting November 2026, extending its ecosystem for file-intensive workloads.
Diskover Data · Demand · Positive Diskover's platform gains distribution through NetApp's ONTAP and StorageGRID customer base.
Guidewire Appoints Dan Brown as Chief Product Officer
Guidewire announced the appointment of Dan Brown as Chief Product Officer, reporting to Chief Executive Officer Mike Rosenbaum. Brown will lead Guidewire product strategy and execution, with a focus on embedding AI across the company's suite of core applications for global P&C insurers. He brings more than 25 years of enterprise software experience, joining from Celonis where he served as Chief Product Officer, and previously held the same role at Certinia after a 15-year tenure at Microsoft in product, R&D, and leadership positions. "Dan has a proven record of turning product vision into decisive market execution and rapid enterprise adoption," Rosenbaum said. Guidewire, which trades on the NYSE under GWRE, said more than 570 insurers in 44 countries rely on its products.
GWRE · Technology · Positive Guidewire appoints Dan Brown as Chief Product Officer to lead product strategy with a focus on embedding AI across its P&C insurance applications.
Apple Rolls Out Redesigned Siri AI Beta as Q3 FY26 Revenue Hits $109.4 Billion
Apple has begun rolling out its redesigned Siri AI Beta, a centerpiece of the company's AI strategy under new CEO John Ternus, as it seeks to restore credibility in artificial intelligence after past delays to the Siri overhaul. The company reported $109.4 billion in revenue for its third quarter of fiscal 2026, up 16.4% from Q3 FY25, with diluted earnings per share rising roughly 29% to $2.02 and operating cash flows of $34.4 billion. Apple is also moving into enterprise servers powered by its planned M8 Ultra processors, which have not yet been released and carry a 2029 launch target with designs featuring either two or four M8 Ultra chips. The Siri AI Beta's initial geographic availability remains limited by regulatory hurdles in China and the European Union, where the beta is not accessible to users, and Apple continues to face App Store and digital markets legislation challenges that could reshape its services business. The stock has gained 29.51% over the past 52 weeks versus the S&P 500's 13.93%, giving Apple a $4.92 trillion market capitalization, while hedge fund ownership slipped marginally to 169 funds in the latest quarter from 170, with short interest below 1% and BlackRock the largest institutional stakeholder at 1.16 billion shares, or 7.97% ownership.
AAPL · Capital · Positive Apple reported Q3 FY26 revenue of $109.4B, up 16.4%, with EPS up ~29% to $2.02.
AAPL · Technology · Positive Apple began rolling out its redesigned Siri AI Beta, a centerpiece of its AI strategy.
AAPL · Regulation · Negative Siri AI Beta is unavailable in China and the EU due to regulatory hurdles, and Apple faces App Store/digital markets legislation challenges.
GF Securities Lifts UMC EPS Forecasts on Stronger Prices and Margins
GF Securities expects United Microelectronics to post stronger earnings per share over the next two years on a combination of stronger prices and margins, supported by rising orders from key clients that are lifting utilization rates at its foundry. Analyst Jeff Pu said 12-inch utilization should reach about 93% by end-2026 on strong DDIC volumes from Novatek and Samsung LSI at 22/28nm and Apple's Mac at 55/65nm, with upside from Sony's sensors, while 8-inch utilization should reach about 90% by end-2026 and full loading by 2H27 on intact demand for datacenter PMIC, MCU and embedded memory. Pricing momentum extends from 2H26 for selective customers into 1H27 at 10-30% across 12-inch and 8-inch, and into 2H27 where negotiations are ongoing, suggesting visibility extending into 2H27. GF Securities raised its EPS forecasts for the entirety of 2026 and 2027 by 2% and 8% respectively and maintained its Buy rating, with UMC expected to begin another growth phase in 2028 when it transitions to asset-light FinFET and optical full solutions, driven by Intel 2nm as a major inflection. Interposer and advanced packaging are expected to begin contributing during the second half of 2027, supported by silicon capacitor, DTC, hybrid bonding and controller-to-bonding integration. UMC shares were down 8% in pre-market trading on Monday, but the stock has surged 32% over the past month and more than 230% year-to-date.
2303.TW · Capital · Positive GF Securities raised its 2026 and 2027 EPS forecasts for UMC by 2% and 8% and maintained its Buy rating.
2303.TW · Demand · Positive Rising orders from key clients like Novatek, Samsung LSI, Apple, and Sony are lifting 12-inch and 8-inch utilization rates.
Goldman names Applied Materials, Seagate, Microchip as tactical chip buys ahead of earnings
Goldman Sachs named Applied Materials, Seagate and Microchip as tactical ideas heading into third-quarter earnings, saying it sees a more constructive trading setup for semiconductor stocks after a sector pullback it attributed to significant de-risking. Analysts led by James Schneider said the sector has fallen sharply over the past two months, with the SOX index down 11% against a 4% gain for the S&P 500, in stark contrast to the 2Q setup when the bank signaled a more cautious tactical outlook ahead of results. Goldman expects Applied Materials to raise its margin targets and give a robust growth outlook at SEMICON West on October 13, ahead of mid-November earnings, with a strong report driven by DRAM and advanced logic and management speaking to a wafer fab equipment market growing toward $300 billion over time, though the stock rallied about 12% in the past week so expectations are elevated. For Seagate, Goldman forecasts a strong quarter on positive hard disk drive pricing and a supportive demand environment, projecting about 2% revenue upside and guidance roughly 3% above the Street, citing prudent supply strategy and advanced HAMR progress relative to competitors. Goldman also expects broad strength across end markets for Microchip, led by datacenter and aerospace and defense, with about 1% revenue upside and gross margin recovering to roughly 66% by the end of 2026, and its fiscal 2027 earnings estimate about 3% above consensus. The bank flagged downside risk tactically for Qualcomm, KLA and Western Digital, all rated Neutral, saying Qualcomm may be ahead of itself given strong expectations tied to agentic AI, KLA's results may lag peers as spending skews toward DRAM, and Western Digital should underperform Seagate.
AMAT · Capital · Positive Goldman names Applied Materials a tactical buy ahead of earnings, expecting raised margin targets and robust growth outlook at SEMICON West.
MCHP · Capital · Positive Goldman names Microchip a tactical buy, expecting broad end-market strength led by datacenter and aerospace/defense with revenue upside and margin recovery.
STX · Capital · Positive Goldman names Seagate a tactical buy, forecasting a strong quarter on positive HDD pricing and supportive demand with revenue upside.
WDC · Competition · Negative Goldman flagged Western Digital as a tactical downside risk, saying it should underperform Seagate.
KLAC · Capital · Negative Goldman flags downside risk tactically for KLA, saying its results may lag peers as spending skews toward DRAM.
QCOM · Capital · Negative Goldman flags downside risk tactically for Qualcomm, saying it may be ahead of itself given strong agentic-AI expectations.
Samsara Partners With Asplundh and Launches MCP AI Integration
Samsara Inc. announced a major partnership with Asplundh to deploy its safety and efficiency technologies across tens of thousands of North American vehicles and assets, alongside the launch of Samsara MCP, which links customers' operational data directly into third-party AI assistants including ChatGPT, Claude, and Microsoft Copilot. The company also announced its first professional hockey sponsorship with the Laval Rocket for the 2026–27 season, featuring Samsara-equipped Zamboni ice resurfacers. Samsara's narrative projects $3.2 billion in revenue and $348.4 million in earnings by 2029, requiring 20.1% yearly revenue growth and about a $257.8 million earnings increase from $90.6 million today. Before this news, the most optimistic analysts were already expecting revenue to reach about US$3.3 billion and earnings near US$593.8 million by 2029. The company's forecasts yield a $52.16 fair value, a 27% upside to its current price.
IOT · Demand · Positive Samsara announced a major partnership with Asplundh to deploy its safety and efficiency technologies across tens of thousands of North American vehicles and assets.
IOT · Technology · Positive Samsara launched MCP, integrating customers' operational data directly into third-party AI assistants including ChatGPT, Claude, and Microsoft Copilot.
Asplundh Tree Expert · Demand · Positive Asplundh will deploy Samsara's safety and efficiency technologies across tens of thousands of its North American vehicles and assets.
Palantir Earns Zacks Rank #1 as Earnings Estimates Hold Steady
Palantir Technologies has been named a Zacks Rank #1 (Strong Buy) stock, with the rating driven by the size of recent changes in consensus earnings estimates along with three other earnings-related factors. For the current quarter, Palantir is expected to post earnings of $0.42 per share, a change of +100% from the year-ago quarter, while the consensus estimate has remained unchanged over the last 30 days. The consensus earnings estimate of $1.61 for the current fiscal year indicates a year-over-year change of +114.7%, and the next fiscal year's consensus estimate of $2.26 indicates a change of +40.2%, both unchanged over the past month. On the revenue side, the consensus sales estimate for the current quarter of $2.17 billion indicates a year-over-year change of +84%, while estimates of $8.19 billion and $11.67 billion for the current and next fiscal years indicate changes of +83% and +42.5%, respectively. In its last reported quarter, Palantir reported revenues of $1.94 billion, a year-over-year change of +92.8%, and EPS of $0.41 versus $0.16 a year ago, beating the Zacks Consensus Estimate of $1.81 billion by a revenue surprise of +7.16% and posting an EPS surprise of +17.14%.
Zscaler Teams With IBM and Red Hat to Shield Private Apps From AI Threats
Zscaler announced a collaboration with IBM and Red Hat to protect private applications during the window between vulnerability disclosure and patch deployment. The collaboration combines Zscaler Autonomous Application Shield, delivered through the Zscaler Zero Trust Exchange security platform, with Lightwell from IBM and Red Hat to provide adaptive, application-specific protection alongside validated software remediation in a single coordinated response. Zscaler cited Mandiant's M-Trends 2026 report, which found the mean time to exploit a vulnerability has fallen below zero, meaning vulnerabilities are increasingly exploited before a public patch exists. Under the arrangement, Zscaler App Connectors continuously assess each private application's exposure points and vulnerabilities, adaptive protections are applied inline in real time when a new vulnerability emerges, and Lightwell then provides validated remediations for affected open source software. Joby Menon, Senior Vice President of Product Management at Zscaler, said the collaboration brings together inline, application-specific protection and validated remediation to help customers reduce risk during that gap, while Gunnar Hellekson, vice president and general manager of Lightwell at Red Hat, said AI is shrinking the exploitation window from months or weeks to hours and minutes. Autonomous Application Shield is currently available through an Early Access Program, and Zscaler said availability, capabilities, and timing of the collaboration are subject to change.
0ZC.XETRA · Technology · Positive Zscaler's Autonomous Application Shield collaboration with IBM and Red Hat protects private apps from AI-era threats.
ZS · Technology · Positive Zscaler launches its Autonomous Application Shield collaboration with IBM and Red Hat to protect private apps from AI-era threats.
IBM · Technology · Positive IBM's Lightwell is combined with Zscaler's shield to provide validated remediation for vulnerable private apps.
Red Hat, Inc. · Technology · Positive Red Hat's Lightwell provides validated open-source remediation in the Zscaler-IBM collaboration.
PTC to Be Acquired by Schneider Electric for $205 Per Share
PTC agreed to be acquired by Schneider Electric for $205 per share, valuing the software company's equity at more than $22 billion, with the transaction expected to close by the third quarter of 2027. PTC shares surged 36% premarket on the news. Brazilian stocks rallied after right-wing presidential candidate Flavio Bolsonaro edged out incumbent Luiz Inacio Lula Da Silva by around 2 percentage points in Sunday's election, sending the iShares MSCI Brazil ETF up 12% and U.S.-listed shares of Itau Unibanco and Banco Bradesco up more than 13% each. Wells Fargo gained 1% after a Morgan Stanley upgrade to overweight from equal weight, while DraftKings popped over 5% on a Bank of America upgrade to buy from neutral, with analyst Julie Hoover expecting prediction markets to generate $400 million in fees for 2027 and between $200 to $400 million in market making. Estee Lauder rose 2.8% after Barclays upgraded the stock to overweight from equal weight, citing its growth and earnings profile over the next several years.
Onto Innovation Stock Up 126% as Record Q2 Revenue and $1 Billion Backlog Fuel Bull Case
Onto Innovation has emerged as a key beneficiary of the AI semiconductor investment cycle, with its stock jumping 125.6% in a year, roughly matching the Zacks Nanotechnology industry's 125.7% gain and outpacing the Zacks Computer and Technology sector and the S&P 500 composite, which rose 26% and 15.5%, respectively. The company reported record second-quarter revenue of $343.1 million, up 35.3% year over year and nearly 18% sequentially, with non-GAAP earnings per share of $1.93 versus $1.25 a year earlier, while backlog exceeded $1 billion for the first time. Management raised its second-half 2026 revenue, margin and EPS outlook, guiding third-quarter revenue of $380 to $400 million and expecting gross margin to expand by another 50 basis points in each of the third and fourth quarters, with operating margin improving 200 basis points to 31.5-32.5% in the third quarter and exceeding 33% by year-end. The company also raised its 2026 advanced-packaging growth outlook to at least 80% from more than 50% previously and now expects advanced-nodes revenue to grow more than 35% in 2026, up from about 25%, helped by its Dragonfly G5 platform and more than $200 million in Dragonfly orders from a single OSAT, mostly for 2027 delivery. In April 2026, Onto Innovation agreed to acquire a 27% stake in Rigaku Holdings for about $710 million, and it ended the second quarter with $1.88 billion in cash and short-term investments, though risks include customer concentration, with four customers accounting for 57.3% of first-half 2026 revenue, and a forward price/earnings multiple of 30.23X versus the industry's 5.83X.
ONTO · Capital · Positive Onto Innovation reported record Q2 revenue of $343.1M, EPS of $1.93, a >$1B backlog, and raised its 2026 outlook.
ONTO · Demand · Positive Onto raised its 2026 advanced-packaging growth outlook to at least 80% and cited over $200M in Dragonfly orders from a single OSAT.
268A.JP · Capital · Neutral Onto agreed to acquire a 27% stake in Rigaku Holdings for about $710 million, a passing mention with no detail on Rigaku's own outlook.
Nebius Acquires Inferize to Boost Token Factory Inference Platform
Nebius Group N.V. has acquired Inferize, an inference optimization company, to strengthen the production inference capabilities of its Nebius Token Factory managed inference platform, with the terms of the transaction not disclosed. The acquisition brings Inferize's technology and systems engineering team into Nebius Token Factory, and the technology is designed to reduce the time required to launch and scale large AI models and make inference workloads more elastic. Inferize's technology focuses on addressing cold starts, the time required for AI models to load before serving a request, which can leave assigned GPUs idle when demand rises and new instances are launched or when model weights are updated during workloads such as reinforcement learning. By reducing this idle GPU time, the technology is designed to let capacity scale more closely with actual usage while supporting higher capacity utilization and improved token economics. Management said Inferize brings technology aimed at accelerating how quickly systems respond to changing customer demand, along with a team experienced in GPU systems, and that the team's contribution is expected to extend beyond the initial integration. The deal adds another layer to Nebius' production inference efforts, following Eigen AI's model, kernel- and system-level optimization work and the addition of Clarifai's core team and licensed technology for system-level inference and compute orchestration.
NBIS · Technology · Positive Nebius acquires Inferize to add inference optimization tech that cuts cold-start idle GPU time and improves token economics for its Token Factory platform.
Inferize · Capital · Positive Inferize is acquired by Nebius, bringing its technology and systems engineering team into Nebius Token Factory.
JAS outlines plan to raise funds to repay JTS bonds after 635 million baht default
JAS Asset Public Company Limited, as the major shareholder of Jasmine Technology Solution Public Company Limited, or JTS, has disclosed its plan to raise funds to repay debt after three series of JTS bonds defaulted on payments totaling 635 million baht. The plan is intended to address the maturing debt obligations of those three bond series.
J.BK · Capital · Negative JAS Asset, as major shareholder of JTS, must raise funds to cover JTS's 635 million baht bond default, a financial/valuation burden.
JTS.BK · Capital · Negative JTS defaulted on three bond series totaling 635 million baht, triggering a debt-repayment funding plan.
Foxconn Q3 revenue jumps 47% on AI demand, beating estimates
Foxconn, the world's largest contract electronics maker, reported a 47% year-on-year surge in third-quarter revenue, beating estimates on strong AI demand. Revenue for the July-September quarter was T$3.03T, or $95.4B, well above an LSEG SmartEstimate of T$2.83 trillion. The Apple and Nvidia supplier, formally known as Hon Hai Precision, reported September revenue of $1.16T, up 38.42% year-on-year. The company said AI-related operations are expected to continue growing in the fourth quarter, and together with the traditional peak season for electronics products in the second half, this should support overall performance in line with current market expectations. Foxconn will report full third-quarter earnings on November 12.
Iran Ties Hormuz Reopening to Seven U.S. Conditions as Cerebras, RobCo and Revolut Draw Investor Attention
Iran said it will not reopen the Strait of Hormuz until the United States meets seven conditions outlined in an earlier agreement, Reuters reported, a stance that could prolong disruptions in one of the world's key energy corridors and keep investors focused on oil prices, shipping and inflation. Separately, Senators Elizabeth Warren and Josh Hawley are investigating how major home and auto insurers process claims after a Wall Street Journal report found rising odds that some policyholders receive no payout, asking six large insurers for data and explanations. Cerebras Systems shares rose as much as 8.1% in early trading after OpenAI CEO Sam Altman described the chipmaker as a close partner with a deep engagement focused on improving speed. German robotics startup RobCo sold $40M of shares in a transaction valuing the company above $1B, double its level earlier this year, with most of the shares sold by employees to new and existing investors. Revolut's latest secondary share sale values the London-based fintech at $115B, up more than 50% from its $75B valuation in November 2025, making it Europe's most valuable startup ahead of established banks including Barclays and Société Générale.
CBRS · Technology · Positive OpenAI CEO Sam Altman called Cerebras a close partner with deep engagement focused on improving speed, boosting the chipmaker's shares.
Revolut · Capital · Positive Revolut's latest secondary share sale values the fintech at $115B, up over 50% from its $75B November 2025 valuation.
RobCo · Capital · Positive RobCo sold $40M of shares in a transaction valuing the German robotics startup above $1B, double its level earlier this year.
OpenAI's Sam Altman Calls Cerebras a Close Partner, Lifting Chipmaker's Stock
Cerebras Systems shares rose as much as 8.1% in early trading on Monday after OpenAI CEO Sam Altman said the chipmaker is "a close partner" of OpenAI and that the two firms have "a deep engagement pushing on the frontiers of speed." Altman's comments came in response to speculation over OpenAI's partnership with Cerebras, with Altman writing that Cerebras is a close partner and that the engagement pushes on the frontiers of speed. Barclays analyst Tom O'Malley said the OpenAI relationship remains strong, noting that Nvidia is running OAI GPT-6.1 Ultrafast but that Cerebras remains the preferred provider limited by supply. O'Malley added that the recent stock selloff was overdone, as highlighted by Sam Altman's post.
CBRS · Demand · Positive OpenAI CEO Sam Altman called Cerebras a close partner with deep engagement, and Barclays says Cerebras remains the preferred provider limited by supply.
OpenAI · · Neutral OpenAI is the source of the partnership comments about Cerebras; no independent development affecting OpenAI itself is described.
NVDA · Competition · Neutral Barclays notes Nvidia is running OAI GPT-6.1 Ultrafast, but Cerebras remains the preferred provider limited by supply — a competitive mention, not a company-specific development.
Schneider's $22.6 billion PTC bid lifts European software stocks
Schneider Electric has agreed an all-cash offer of $22.6 billion for U.S. industrial software firm PTC, a 42.3% premium to PTC's last closing price, sending European engineering software stocks broadly higher on Monday. Dassault Systèmes rose 2.3% in Paris morning trade, Nemetschek climbed 1.9% and TeamViewer gained 3.2%, while PTC shares surged roughly 34% in pre-market trading on bets the $205-per-share cash offer closes without a rival bid. Autodesk, the closest U.S.-listed peer in engineering and product-lifecycle software, was up around 1.6% to approximately $215.50 in pre-market trade. Schneider expects to fund the deal through a combination of equity issuance and new debt, with the transaction targeted to close in the third quarter of 2027 pending regulatory and shareholder approvals, and projects €250 million in annual run-rate cost synergies by year three plus roughly €800 million in revenue synergies, compressing the effective EBITA acquisition multiple from 21x to 13x on 2027 estimates. The enterprise value implied by the deal is $23.7 billion.
PTC · Capital · Positive Schneider agreed an all-cash $22.6B offer for PTC at a 42.3% premium, sending PTC shares up ~34% pre-market.
SU.PA · Capital · Positive Schneider is making the $22.6B all-cash acquisition, funded via equity issuance and new debt, with projected cost and revenue synergies.
CCET sets five-year strategy targeting AI servers and CSP, aims to begin production before end of Q3 2026
Cal-Comp Electronics (Thailand) Public Company Limited, or CCET, has announced a five-year business strategy, building on its EMS business toward higher-value technology products. Managing Director Khongsin Chokvicharoen said the company will expand into new businesses in AI servers, CSP, LVDC and HVDC, alongside developing automation and AI to elevate itself into a smart factory. This year the company is accelerating the setup of an AI server production line, which is expected to begin operations before the end of the third quarter of 2026. Meanwhile, CSP-related products are in the process of setting up production lines and are preparing to start manufacturing in Thailand within the second half of 2026. On the high-end power supply side, the company has already begun producing electric vehicle chargers, while CRPS and LVDC products are in trial production and are expected to begin commercial production in the second half of this year. HVDC, developed jointly with affiliated companies, is targeted to start production within 2027. For its long-term plans, the company has a quantum computing project, having already developed and produced a working prototype, and is conducting joint research with ITRI in Taiwan as well as leading universities in Taiwan. It also has an LEO satellite project through a long-term partnership with a leading satellite service provider from Taiwan, which is currently in the development and business model study stage.
9105.TW · Technology · Positive CCET announced a five-year strategy to expand into AI servers, CSP, LVDC/HVDC, quantum computing and LEO satellites, with AI server production starting before end of Q3 2026.
Schneider Electric to buy PTC for $22.6B; Qualcomm, Huawei sign patent deal
Schneider Electric agreed to acquire engineering software developer PTC for $22.6B in an all-cash deal at $205 per share, sending PTC shares up 34%. The transaction implies an enterprise value of $23.7B, or 21x 2027E EV/adjusted EBITA and 13x including full run-rate synergies, represents a 42.3% premium to PTC's last closing price, and is expected to close by Q3 2027. Qualcomm shares rose 3% after the company and Huawei agreed to a multi-year patent licensing deal covering 5G, computing, AI, and networking technologies, including cross-licenses to their respective patent portfolios, with Qualcomm also set to acquire certain Huawei U.S. patents subject to regulatory approvals. Huawei said its intellectual property licensing business has generated positive revenue since 2021, with more than 165,000 active granted patents as of the end of 2025; the companies previously settled a patent dispute in 2020, when Huawei agreed to pay Qualcomm $1.8B in back licensing fees. Redwire shares rose 2% after it was awarded a follow-on contract by Axiom Space to develop and deliver two Roll-Out Solar Array wings for the second module of Axiom Station, building on its work on ROSA wings for the station's first module, which is expected to launch in 2028.
PTC · Capital · Positive Schneider Electric agreed to acquire PTC for $22.6B at a 42.3% premium, sending PTC shares up 34%.
QCOM · Capital · Positive Qualcomm signed a multi-year patent licensing deal with Huawei covering 5G, computing, AI, and networking, plus acquiring certain Huawei U.S. patents.
RDW · Demand · Positive Redwire was awarded a follow-on contract by Axiom Space to deliver two Roll-Out Solar Array wings for Axiom Station's second module.
SU.PA · Capital · Neutral Schneider Electric is the acquirer paying $22.6B in cash for PTC, an M&A event whose impact on Schneider is unclear.
Foxconn Q3 revenue jumps 47% to $95.4 billion on booming AI demand
Foxconn, the world's largest contract electronics manufacturer from Taiwan and the largest server maker for Nvidia, reported third-quarter 2026 revenue up 47% year on year, beating market expectations, driven by strong growth in demand for artificial-intelligence-related products. Revenue for the July-to-September period came in at 3.03 trillion Taiwan dollars, or about 95.4 billion US dollars, above the 2.83 trillion Taiwan dollars forecast by analysts polled by LSEG SmartEstimate. The better-than-expected results reflect momentum from the AI investment wave, which is boosting demand for servers and computing infrastructure, with Foxconn among the key server makers benefiting from the market's expansion.
Taiwan
United States
