(Bloomberg) -- Elon Musk’s lieutenants have reached out to chip industry suppliers including Applied Materials Inc., Tokyo Electron Ltd. and Lam Research Corp. for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc. and SpaceX have sought price quotes and delivery t...
(Bloomberg) -- Elon Musk’s lieutenants have reached out to chip industry suppliers including Applied Materials Inc., Tokyo Electron Ltd. and Lam Research Corp. for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc. and SpaceX have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve c
owngarden/iStock via Getty Images Investment Thesis Note: This is an update to my previous article . Paul Mueller ( MUEL ) had a record fourth quarter with sales growth of 30% and a 59% year-over-year increase in backlog. Also, capital allocation remains shareholder-friendly while the company seeks to capitalize on growth opportunities through a new manufacturing facility. All of this, combined wi...
owngarden/iStock via Getty Images Investment Thesis Note: This is an update to my previous article . Paul Mueller ( MUEL ) had a record fourth quarter with sales growth of 30% and a 59% year-over-year increase in backlog. Also, capital allocation remains shareholder-friendly while the company seeks to capitalize on growth opportunities through a new manufacturing facility. All of this, combined with an attractive current valuation, leads me to maintain my buy rating and even slightly improve my outlook for the company. Record Backlog and High Growth It's been over six months since my last coverage of Paul Mueller. Back then, I commented that the company was becoming an unexpected beneficiary of data centers, but that at the same time, his legacy business was solid and this new market was merely optional. Well, fiscal year 2025 has ended, and it's worth reviewing how that thesis has progressed. In my previous valuation model, I estimated sales of $268 million for 2025, but I was quite far off the mark, and sales closed at $287 million, representing 15% year-over-year growth thanks to an extraordinary Q4 2025 with 33% growth. This growth wasn't limited to the top line, by the way. Operating income also grew 18% year-over-year, and net margins reached 12% at year-end (pretty much in line with my previous estimate), but Q4 was again stellar, with net margins closing at 14%. Fourth quarter 2024 2025 Change Revenue $70.5M $94.1M 33.6% EBIT $13.6M $17.0M 25.2% EPS $11.9 $14.7 23.9% Click to enlarge Author's compilation What strikes me most is that it wasn't just a solid quarter, and rather there are signs that this trend could continue. The backlog reached $243.6 million, up 59% year-over-year, suggesting that demand isn't only holding steady but even accelerating in a way. Something worth noting is that I previously mentioned the company was entering the data center market through its chillers, heat exchangers, and water storage tanks. However, there's no evidence that th...
The average one-year price target for Elevra Lithium Limited - Depositary Receipt (NasdaqCM:ELVR) has been revised to $88.20 / share. This is an increase of 31.60% from the prior estimate of $67.03 dated April 9, 2026. The price target is an average of many ta
The average one-year price target for Elevra Lithium Limited - Depositary Receipt (NasdaqCM:ELVR) has been revised to $88.20 / share. This is an increase of 31.60% from the prior estimate of $67.03 dated April 9, 2026. The price target is an average of many ta
The 2026 Changzhou Artificial Intelligence Terminal Trendy Products Conference, themed "Empowering Devices, Enabling Smarter Living," opened on April 11, bringing together 20 companies to present 27 AI-powered devices. The showcase covered key use cases including daily mobility, home life, office efficiency and industrial applications, providing a snapshot of Changzhou's expanding capabilities in ...
The 2026 Changzhou Artificial Intelligence Terminal Trendy Products Conference, themed "Empowering Devices, Enabling Smarter Living," opened on April 11, bringing together 20 companies to present 27 AI-powered devices. The showcase covered key use cases including daily mobility, home life, office efficiency and industrial applications, providing a snapshot of Changzhou's expanding capabilities in AI-enabled hardware.
In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below.
In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below.
The 2026 Changzhou Artificial Intelligence Terminal Trendy Products Conference, themed "Empowering Devices, Enabling Smarter Living," opened on April 11, bringing together 20 companies to present 27 AI-powered devices. The showcase covered key use cases including daily mobility, home life, office efficiency and industrial applications, providing a snapshot of Changzhou's expanding capabilities in ...
The 2026 Changzhou Artificial Intelligence Terminal Trendy Products Conference, themed "Empowering Devices, Enabling Smarter Living," opened on April 11, bringing together 20 companies to present 27 AI-powered devices. The showcase covered key use cases including daily mobility, home life, office efficiency and industrial applications, providing a snapshot of Changzhou's expanding capabilities in AI-enabled hardware.
The average one-year price target for DBV Technologies S.A. - Depositary Receipt (NasdaqCM:DBVT) has been revised to $31.33 / share. This is an increase of 32.54% from the prior estimate of $23.64 dated April 9, 2026. The price target is an average of many tar
The average one-year price target for DBV Technologies S.A. - Depositary Receipt (NasdaqCM:DBVT) has been revised to $31.33 / share. This is an increase of 32.54% from the prior estimate of $23.64 dated April 9, 2026. The price target is an average of many tar
The partial closure of a major landfill site on the Indonesian holiday island of Bali is forcing thousands of residents to instead burn trash in their gardens, sparking widespread environmental and health concerns. Suwung landfill, about 10km (six miles) northeast of Denpasar International Airport, used to handle some 1,000 tonnes (1,100 tons) of rubbish a day. As the site nears capacity, authorit...
The partial closure of a major landfill site on the Indonesian holiday island of Bali is forcing thousands of residents to instead burn trash in their gardens, sparking widespread environmental and health concerns. Suwung landfill, about 10km (six miles) northeast of Denpasar International Airport, used to handle some 1,000 tonnes (1,100 tons) of rubbish a day. As the site nears capacity, authorities said it would stop taking organic waste as of April 1 in an attempt to direct that matter...
Market Snapshot USD/INR ₹93.38 +0.0% Nifty 50 Index 24,231.30 +1.6% India 10-Year Bond Yield 6.87% +0.00 Spot Gold ($/oz) $4,819.69 +0.6% S&P 500 Futures 7,073.50 +0.2% Market data as of 08:16 AM IST, Apr. 16, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon in Mumbai, bringing you the key market updates before start of trad...
Market Snapshot USD/INR ₹93.38 +0.0% Nifty 50 Index 24,231.30 +1.6% India 10-Year Bond Yield 6.87% +0.00 Spot Gold ($/oz) $4,819.69 +0.6% S&P 500 Futures 7,073.50 +0.2% Market data as of 08:16 AM IST, Apr. 16, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon in Mumbai, bringing you the key market updates before start of trade. Indian equities look set to build on Wednesday’s rally, tracking gains in global stocks on bets of a de-escalation of the Middle East conflict. The US and Iran are considering a two-week extension of the ceasefire to allow more time to negotiate a peace deal. At home, the Nifty’s decisive move above the 24,200 mark in the last session signals bulls have taken charge in April after four straight months of declines in the benchmark. But with crude still not too far from the $100 mark and foreign flows remaining patchy, the durability of this rebound will be tested. Indian officials have said the Iran war could be as disruptive to the economy as the Covid pandemic was. Meanwhile, Wipro and HDFC Life are among the Nifty companies reporting earnings today. In today’s newsletter, we explain why: Kotak AMC is bullish on defense stocks It may be a good time to bet on bonds ICICI Securities is wary of asset managers’ shares But first, let’s look at the resurgence in small-cap stocks. Markets Buzz: Small Caps Erase War Losses Small-cap stocks are back in the spotlight . The cohort has fully reouped losses triggered by the Iran war, thanks to a surge of over 12% in April, signaling a return of risk appetite. After a rough 2025, money is flowing into smaller firms, supported by faster earnings growth than that of their larger peers. Often seen as a barometer of the market’s animal spirits and popular among retail investors, small caps have fared better overall in 2026. The benchmark Nifty 50 Index is down 7.3% so far in 2026, while the NSE Nifty SmallCap 250 Index has lost just 3.8%...
The health of jailed Iranian Nobel Peace Prize winner Narges Mohammadi is critical after she suffered a heart attack last month, supporters warned on Wednesday. Her Iran-based family and legal team were on Saturday allowed a second in-person visit with Mohammadi in her prison in northern Iran where “clear signs of a deterioration in her general condition were observed, and her physical state was d...
The health of jailed Iranian Nobel Peace Prize winner Narges Mohammadi is critical after she suffered a heart attack last month, supporters warned on Wednesday. Her Iran-based family and legal team were on Saturday allowed a second in-person visit with Mohammadi in her prison in northern Iran where “clear signs of a deterioration in her general condition were observed, and her physical state was described as critical”, her foundation said in a statement. The latest meeting came after an earlier...
JHVEPhoto/iStock Editorial via Getty Images Amdocs ( DOX ) looks like a solid buy here. The company’s core business just keeps chugging along, free cash flow is strong, and they’re steady about returning capital to shareholders. Shares trade at a forward valuation that doesn’t assume much growth, so there’s some cushion if the economy or the telecom sector gets bumpy. The stock dropped about 23% o...
JHVEPhoto/iStock Editorial via Getty Images Amdocs ( DOX ) looks like a solid buy here. The company’s core business just keeps chugging along, free cash flow is strong, and they’re steady about returning capital to shareholders. Shares trade at a forward valuation that doesn’t assume much growth, so there’s some cushion if the economy or the telecom sector gets bumpy. The stock dropped about 23% over the past year and is now trading near its 52-week low, even though management reiterated fiscal 2026 free cash flow guidance of $710 million to $730 million and reported a $4.25 billion 12-month backlog . Now, with the price reset, the risk/reward looks better for anyone buying in today, as long as you’re realistic about what could go right and what could go sideways depending on the cycle. Amdocs is right in the middle of recurring telecom services, digital upgrades, and big new AI projects. Managed services is their anchor, $746 million in Q1, making up 65% of revenue, which lines up with recent quarters. Renewal rates are high. They signed new multi-year deals with Vodafone Germany , T-Mobile, and Telefonica Germany. These contracts beef up the $4.25 billion 12-month backlog reported at Q1, up 2.7% from last year. That’s a lot of revenue already locked in, even though telecom companies are still tight with capital spending. Amdocs MATRIXX and Europe They picked up MATRIXX in December, and the smaller Profinit deal is also adding a bit of growth on top of the core business. About half of the company’s projected 1.5% to 5.5% revenue growth for fiscal 2026 comes from these acquisitions. MATRIXX brings in new charging, rating, billing, and monetization technology that complements Amdocs' broader product portfolio. In Q1, the company saw European revenue grow 17% year-over-year, plus some improvement from other international markets. Macro DOX operates in a pretty tangled environment right now. Telecom companies are still feeling the pressure from bigger economic and poli...