Peter Hansen/iStock via Getty Images Investment Thesis Previously, in my articles , I referred to POET Technologies ( POET ) as a "rough diamond" that's gaining value due to the potential acquisition by Marvell Technology ( MRVL ). Currently, there's indirect confirmation of this thesis, because after the completion of the acquisition of Celestial AI, MRVL is gaining access to key technologies in ...
Peter Hansen/iStock via Getty Images Investment Thesis Previously, in my articles , I referred to POET Technologies ( POET ) as a "rough diamond" that's gaining value due to the potential acquisition by Marvell Technology ( MRVL ). Currently, there's indirect confirmation of this thesis, because after the completion of the acquisition of Celestial AI, MRVL is gaining access to key technologies in which the POET team played a direct role. It's my view that POET’s role could become even more significant, shaping it as a player in the global market for chip photonics, the use of which is critical for data centers. The goal of this article is to analyze the role of POET’s technologies for MRVL, reveal its ambitious plans, evaluate the company’s potential value following successful commercialization, and assess the value of the first major $5 million contract. In my estimation, POET has the potential for market capitalization growth of up to $5 billion. Previous Points My thesis in previous articles about POET was that it's a "diamond in the rough" that could become a target for acquisition by Marvell. Starting in 2022, the name POET has been repeatedly mentioned in Celestial AI’s financial reports as a technology customer. Subsequently, together with POET, it collaborated on the development of an optical interposer platform, providing cutting-edge solutions for ensuring high computational efficiency in AI infrastructure. Since MRVL announced in December 2025 that it would acquire Celestial AI for $3.25 billion, this technology became available to it. Now that Marvell is transforming into an AI giant, the management and shareholders are interested in utilizing the best technologies used in data centers. Because POET has the technological capabilities to offer specific solutions based on its experience with Celestial AI, it strengthens the company's ties with MRVL. My rating was therefore "Strong Buy," based on my confidence that my predictions will meet optimistic expect...
filo Medpace Holdings ( MEDP ) is down ~19% in after-hours trading Wednesday even though Q1 financial results beat on both lines. Revenue of $706.6M beat by ~$9M, while GAAP EPS of $4.28 crushed the consensus by $0.40. The decline could be the result of an announcement that President Jesse Geiger will retire, effective May 31. A news release noted that his departure is not because of any disagreem...
filo Medpace Holdings ( MEDP ) is down ~19% in after-hours trading Wednesday even though Q1 financial results beat on both lines. Revenue of $706.6M beat by ~$9M, while GAAP EPS of $4.28 crushed the consensus by $0.40. The decline could be the result of an announcement that President Jesse Geiger will retire, effective May 31. A news release noted that his departure is not because of any disagreements with the company. CEO August Troendle will become temporary president until a successor is found. Medpace set 2026 revenue guidance of $2.755B-$2.855B. Consensus is $2.81B. Diluted GAAP EPS is forecasted to be $16.68-$17.50. Non-GAAP EPS consensus is $16.68-$17.50. More on Medpace Medpace Holdings, Inc. (MEDP) Q4 2025 Earnings Call Transcript Medpace Holdings, Inc. 2025 Q4 - Results - Earnings Call Presentation Medpace Holdings: Great Quarter, Stale Backlog, Full Valuation Medpace GAAP EPS of $4.28 beats by $0.40, revenue of $706.6M beats by $8.97M Medpace Q1 2026 Earnings Preview
PhonlamaiPhoto/iStock via Getty Images Reliance ( RS ), one of North America’s largest metals service center companies, reported results on Wednesday that beat Wall Street expectations for both revenue and earnings as higher steel and aluminum prices, rising shipment volumes and strong industrial demand boosted results. Shares of Reliance ( RS ) rose 2.4% in extended trading. At Wednesday’s close,...
PhonlamaiPhoto/iStock via Getty Images Reliance ( RS ), one of North America’s largest metals service center companies, reported results on Wednesday that beat Wall Street expectations for both revenue and earnings as higher steel and aluminum prices, rising shipment volumes and strong industrial demand boosted results. Shares of Reliance ( RS ) rose 2.4% in extended trading. At Wednesday’s close, the stock was up 25% over the prior 12 months. First-quarter net sales rose 15.5% to $4.03 billion from $3.48 billion a year earlier, topping analysts’ consensus estimate of $3.91 billion. Adjusted diluted earnings per share were $5.16, above estimates of $4.66 a share. Net income rose to $264.9 million, or $5.10 a share, from $199.7 million, or $3.74 a share, a year earlier. Volumes hit record levels Reliance ( RS ) said tons sold reached a quarterly record of 1.67 million, up 9.4% from the fourth quarter and 2.7% from a year earlier. “Reliance is off to a strong start to 2026, capitalizing on favorable market fundamentals with first quarter volumes, pricing and earnings exceeding our expectations,” Chief Executive Karla Lewis said in the earnings release. Average selling price per ton climbed 12.6% year over year to $2,414, supported by stronger carbon steel, aluminum and stainless pricing. Margins expand, cash returned to shareholders Pretax income rose 33% to $349.5 million. Gross profit margin was 29.1%, compared with 29.7% a year earlier. Reliance ( RS ) reported earnings before interest, taxes, depreciation and amortization metrics showing leverage remained conservative, with net debt-to-ebitda of 1.0 times at quarter end. The company returned about $301 million to shareholders during the quarter through dividends and share repurchases, including $234 million of buybacks. Second quarter outlook solid Reliance ( RS ) forecast second-quarter adjusted earnings of $5.15 to $5.35 a share, supported by healthy demand, higher mill prices and early shipments under a newly a...
Embassy Tells Americans Still In Lebanon Depart Now While Flights Available As Ceasefire Collapsing The US-mediated Lebanon ceasefire is unraveling fast amid intensified fighting between Israel and Hezbollah on Thursday. This has resulted in the US embassy in Beirut issuing an urgent renewed security alert, urging US citizens to depart Lebanon while commercial flight options are still available . ...
Embassy Tells Americans Still In Lebanon Depart Now While Flights Available As Ceasefire Collapsing The US-mediated Lebanon ceasefire is unraveling fast amid intensified fighting between Israel and Hezbollah on Thursday. This has resulted in the US embassy in Beirut issuing an urgent renewed security alert, urging US citizens to depart Lebanon while commercial flight options are still available . via AFP The statement explained the security situation "remains complex and can change quickly." It further said that those who don't or cannot leave must be prepared to encounter emergency situations, and also warned of unexploded ordnance which has resulted in the recent war. A 10-day ceasefire is still technically in effect - which began about six days ago after it was brokered between Lebanese and Israel officials in Washington D.C. However, Hezbollah did not sign on , while also Israel said it would continue going after the Iran-allied paramilitary group, chiefly in the south of the country, where it has its main outposts. At this point about 2,300 Lebanese have been killed since fighting intensified, including civilians, according to Beirut officials - and on the Israeli side, at least 13 soldiers and two civilians have died. As part of the latest : Lebanese media reported Wednesday that two journalists, Amal Khalil and Zeinab Faraj, were wounded in an Israel airstrike in the village of A-Tiri in southern Lebanon. According to the reports, Red Cross teams were dispatched to evacuate them. Later reports said two bodies and Faraj were recovered, while Khalil remained trapped, with Lebanese officials blaming Israel for difficulties in reaching her. Lebanon’s president, Joseph Aoun, said he was following developments and instructed the Red Cross to continue rescue efforts. A senior Lebanese army official told Reuters that an Israeli drone dropped a grenade near rescue teams, adding that Lebanon had appealed to Israel through the United States to allow access to the area. ...
Getty Images Despite the positive impact of rate cuts and investors shift towards mid-caps, Vanguard Mid-Cap Growth Index Fund ETF ( VOT ) is struggling to generate impressive returns. Year-to-date, VOT is up 1%, underperforming significantly relative to 13% increase of the S&P MidCap 400 Growth Index. The market trends demonstrate that investors have been neglecting upper-middle-market due to its...
Getty Images Despite the positive impact of rate cuts and investors shift towards mid-caps, Vanguard Mid-Cap Growth Index Fund ETF ( VOT ) is struggling to generate impressive returns. Year-to-date, VOT is up 1%, underperforming significantly relative to 13% increase of the S&P MidCap 400 Growth Index. The market trends demonstrate that investors have been neglecting upper-middle-market due to its lofty valuations and lower sensitivity to rate cuts. Moreover, VOT’s soft performance is blamed on its portfolio structure compared to the core mid-cap ETFs. Therefore, I downgrade my rating for VOT to hold from buy. I suggest investors to consider the S&P Mid-Cap 400 Growth Index focused ETFs. Why Does VOT Struggles Despite Favorable Conditions? VOT, IVOG and VOOG price returns (Seeking Alpha) While the mid-cap category benefited from a spree of rate cuts and investors shift from expensive large caps to cheap assets, Vanguard Mid-Cap Growth Index Fund ETF unperformed compared to both large and core-mid caps. Year-to-date, the ETF generated only 1% in price returns. In the past twelve months, its share price was up 23%. On the other hand, year-to-date, the S&P MidCap 400 Growth Index soared 13.5%, extending twelve months surge to 41%. During the same periods, the S&P 500 growth index soared 3% and 47%, respectively. VOT’s performance signals that its share price has been struggling to respond to both large and mid-cap rallies. In the past few years, investors concentration on mega caps and higher rates negatively impacted its performance. However, despite rate cuts and shift to mid caps in the past few quarters, investors seem less aggressive towards VOT. The fund offers exposure to an upper end of the mid-cap category. VOT tracks the performance of the CRSP US Mid Cap Growth Index by using full replication technique. The median market cap of its portfolio hovers around $44 billion. VOT valuations (Vanguard) VOT’s soft performance and lack of investor confidence can be bla...
Jay Hatfield, Infrastructure Capital Advisors CEO and CIO, joins Bloomberg Businessweek Daily to discuss his markets and macro outlook, including his year-end S&P 500 price target of 8,000 which he continues to stand by as markets hit new highs amid the Iran war. Hatfield also adds that even amid broader geopolitical tensions and higher energy prices, "The notion that the US has lost its exception...
Jay Hatfield, Infrastructure Capital Advisors CEO and CIO, joins Bloomberg Businessweek Daily to discuss his markets and macro outlook, including his year-end S&P 500 price target of 8,000 which he continues to stand by as markets hit new highs amid the Iran war. Hatfield also adds that even amid broader geopolitical tensions and higher energy prices, "The notion that the US has lost its exceptionalism is ridiculous." On Wednesday, stocks climbed to all-time highs as a slew of strong corporate results and President Donald Trump’s extension of a ceasefire with Iran revived risk appetites after a two-day retreat. Bitcoin rallied. The S&P 500’s 1% gain extended its advance for the month, set to be the best since 2020. Chipmakers climbed for a 16th straight day, the longest-ever winning streak. Hatfield speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Ryan Roslansky has stepped down as LinkedIn's CEO after six years running the world's largest professional network. Dan Shapero, the company's COO, takes over immediately.
Ryan Roslansky has stepped down as LinkedIn's CEO after six years running the world's largest professional network. Dan Shapero, the company's COO, takes over immediately.
Ryan Roslansky has stepped down as LinkedIn's CEO after six years running the world's largest professional network. Dan Shapero, the company's COO, takes over immediately.
Ryan Roslansky has stepped down as LinkedIn's CEO after six years running the world's largest professional network. Dan Shapero, the company's COO, takes over immediately.
monsitj/iStock via Getty Images Gold futures edged higher on perceived bargain-hunting Wednesday after falling to a two-week low in the previous session, as investors await the next developments in the Iran war. Iran reportedly seized two cargo ships in the Strait of Hormuz, while President Trump said the U.S. blockade of Iran's ports would continue, with no sign of peace talks restarting. "Trump’...
monsitj/iStock via Getty Images Gold futures edged higher on perceived bargain-hunting Wednesday after falling to a two-week low in the previous session, as investors await the next developments in the Iran war. Iran reportedly seized two cargo ships in the Strait of Hormuz, while President Trump said the U.S. blockade of Iran's ports would continue, with no sign of peace talks restarting. "Trump’s extension of the ceasefire reduces the immediate risk of military escalation—and with it the threat of a further inflationary oil price spike—while also weighing on the dollar," Saxo Bank analysts said in a note. "Until a clearer path toward a peace deal emerges, gold and silver are likely to remain in competition with the dollar for direction, leaving prices rangebound for now," the bank wrote. "Gold prices are consolidating below key resistance levels, reflecting a technical structure that mirrors earlier 2026 breakdown patterns," and silver prices are showing a pattern that could portend a "sharp directional move," Razan Hilal of Forex.com said in a note. Hilal said a drop in gold to $4,640/oz could trigger a further slide, with that boundary being $75/oz for silver. Gold and silver futures both snapped two-day losing streaks, with front-month Comex gold ( XAUUSD:CUR ) for April delivery up 0.7% to $4,732.50/oz and front-month Comex April silver ( XAGUSD:CUR ) up 1.9% to $77.893/oz. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ), ( AAAU ), ( SGOL ), ( DUST ), ( RING ), ( BAR ), ( OUNZ ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver Silver: Uncovering A Market In A Revolutionary Transitioning A New Era For The Fed? Looking Back On Kevin Warsh's U.S. Senate Hearing And Market Reactions Silver Investment Asset: Altered Market Reality And The Silver Elephant