AndreyPopov/iStock via Getty Images Workday ( WDAY ) late on Wednesday said it expects FY26 Q4 GAAP operating margin to trail non-GAAP by 24–25 percentage points and FY26 full-year GAAP margin to lag non-GAAP by 22–23 percentage points. Furthermore, certain functions within Workday ( WDAY ) announced reorganizations designed to better align their people and resources to their highest priorities in...
AndreyPopov/iStock via Getty Images Workday ( WDAY ) late on Wednesday said it expects FY26 Q4 GAAP operating margin to trail non-GAAP by 24–25 percentage points and FY26 full-year GAAP margin to lag non-GAAP by 22–23 percentage points. Furthermore, certain functions within Workday ( WDAY ) announced reorganizations designed to better align their people and resources to their highest priorities in fiscal 2027. These actions are expected to result in the elimination of approximately 2% of Workday's ( WDAY ) current workforce, primarily in non-revenue-generating roles within Workday's Global Customer Operations team. Workday plans to continue to hire in key strategic areas and locations throughout its fiscal 2027, including additional revenue-generating areas to meet its market opportunity. In connection with the above, Workday estimates that it will incur approximately $135 million in charges, which are expected to be recognized in the fourth quarter of fiscal 2026, consisting of approximately $40 million of future cash expenditures related to severance payments, employee benefits, and related costs and approximately $15 million in non-cash charges for stock-based compensation. The actions described above are expected to be substantially completed by the first quarter of fiscal 2027, the company said. Shares ( WDAY ) fell 2.5% to $165.98 in extended trading. Source: Filing More on Workday Workday: A Strong Moat On Sale Workday: Bullish Levers Remain In Place; I Remain A Buy Workday, Inc. (WDAY) Presents at Barclays 23rd Annual Global Technology Conference Transcript Enterprise software stocks tumble as analysts mull growth acceleration amid AI impact BNP Paribas highlights Salesforce, other software stocks ahead of earnings
TSMC to invest US$17bn in 3nm chip production in Japan: report Reuters, TOKYO Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) plans to mass produce advanced 3-nanometer chips in Kumamoto in southern Japan with an investment of US$17 billion, Japanese newspaper the Yomiuri Shimbun reported today. Japan's government, which has subsidized Taiwan's leading chipmaker to build out capacity in Kyushu, ...
TSMC to invest US$17bn in 3nm chip production in Japan: report Reuters, TOKYO Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) plans to mass produce advanced 3-nanometer chips in Kumamoto in southern Japan with an investment of US$17 billion, Japanese newspaper the Yomiuri Shimbun reported today. Japan's government, which has subsidized Taiwan's leading chipmaker to build out capacity in Kyushu, is considering additional support for the new investment plan, the Yomiuri reported. TSMC had aimed to invest US$12.2 billion on 6-nanometer to 12-nanometer chipmaking capacity at its second fab in Kyushu, but would discuss changes to the plan with Japan's government, the Yomiuri reported. Taiwan Semiconductor Manufacturing Co chairman C.C. Wei speaks during a meeting with Japanese Prime Minister Sanae Takaichi at the Prime Minister's Office in Tokyo today. Photo: Reuters TSMC executives were to visit the Japanese prime minister's office today. The company did not immediately respond to a request for comment. TSMC said on an earnings call last month that the construction of its second fab in Japan had started, and "the technologies and ramp schedule will be based on our customers' need and market conditions." TSMC makes its 3-nanometer chips in Taiwan, and plans to begin producing them at its second fab in Arizona in 2027. Japan is also heavily subsidizing homegrown foundry venture Rapidus Corp, which aims to produce cutting-edge chips on the northern island of Hokkaido. The government has determined that the two companies' chips would have different uses and would not be in competition, the Yomiuri reported. Securing access to chips, which are critical for electronics, automotive and defense industries, has become a priority for governments around the world.
Intel CEO Lip-Bu Tan was asked if it plans to build new GPUs in the future and the answer was a straightforward 'Yes,' with a new leader in charge. TL;DR: Intel confirms ongoing commitment to the GPU market despite shelving the Arc B770 gaming card, hiring former Qualcomm executive Eric Demmers as Chief GPU Architect. The focus shifts toward AI and data center GPUs, while gaming GPU development co...
Intel CEO Lip-Bu Tan was asked if it plans to build new GPUs in the future and the answer was a straightforward 'Yes,' with a new leader in charge. TL;DR: Intel confirms ongoing commitment to the GPU market despite shelving the Arc B770 gaming card, hiring former Qualcomm executive Eric Demmers as Chief GPU Architect. The focus shifts toward AI and data center GPUs, while gaming GPU development continues amid industry-wide memory supply challenges. Even though it looks like Intel's highly anticipated Arc B770 graphics card for PC gaming has effectively been canceled, Intel CEO Lip-Bu Tan has confirmed that the company isn't backing out of the GPU market anytime soon. In fact, the company has hired a new Chief GPU Architect, and the segment is "very important" to Team Blue. 2 VIEW GALLERY - 2 IMAGES During the company's recent AI Summit, Intel CEO Lip-Bu Tan was asked the straightforward question, 'Does Intel build GPUs in the future?' The answer was also a simple 'Yes,' with Lip-Bu Tan adding that they've hired a new Chief GPU Architect. Popular Popular Now: Logitech says if its new mouse doesn't 'change the way you play' you'll get a full refund "I'm very delighted he joined, and it took some persuasion," Lip-Bu Tan said. "I told him that it's not just CPUs, GPUs are also very important for different application workloads. And you have to really optimize." According to Reuters, the new GPU lead at Intel is former Qualcomm executive Eric Demmers, and the focus will be on data centers. This focus makes sense in light of the recent rumor that the Intel Arc B770 has been shelved in favor of a workstation- and AI-focused Intel Arc Pro B70 model, and the gradual consumer shift toward integrated Arc graphics in new APUs like the Panther Lake-powered Core Ultra 300 Series. That said, even with a focus on AI, that doesn't rule out Intel continuing to develop and release gaming GPUs, and the company's gaming-focused Arc graphics architecture has continued to evolve and impro...
JHVEPhoto Beijing-based Baidu ( BIDU ) approved a new $5B share repurchase program and a dividend policy. The buyback program of the company's shares is effective through December 31, 2028. The company also approved the adoption of a dividend policy for the company's ordinary shares, which may include regular and/or special distributions of dividends. The search operator, known as Google of China,...
JHVEPhoto Beijing-based Baidu ( BIDU ) approved a new $5B share repurchase program and a dividend policy. The buyback program of the company's shares is effective through December 31, 2028. The company also approved the adoption of a dividend policy for the company's ordinary shares, which may include regular and/or special distributions of dividends. The search operator, known as Google of China, currently has a market cap of $49B, and its Q3 results beat market estimates . Q4 numbers are expected to be released on Thursday, February 26. More on Baidu Baidu: A Dividend Giant In The Making Baidu: AI Chip Unit IPO A Major Catalyst Baidu: Buy The AI Infrastructure, Not The Chatbot Hype Baidu's AI bot Ernie surpasses 200M monthly active users: report Baidu's Apollo Go gets Dubai's very first driverless testing permit
Robert Way/iStock Editorial via Getty Images After the bell on Tuesday, we received fourth quarter results from Advanced Micro Devices ( AMD ). The chipmaker has been one of the market's biggest winners over the past year, as investors have flocked to those names powering the Artificial Intelligence ("AI") revolution. While the company announced solid and top line beats and gave decent guidance, i...
Robert Way/iStock Editorial via Getty Images After the bell on Tuesday, we received fourth quarter results from Advanced Micro Devices ( AMD ). The chipmaker has been one of the market's biggest winners over the past year, as investors have flocked to those names powering the Artificial Intelligence ("AI") revolution. While the company announced solid and top line beats and gave decent guidance, investors were not totally impressed. With the stock pulling back afterwards, there could be an opportunity here. Previous coverage of the name It was back in May 2025 when I last took a look at AMD, questioning the stock's high valuation and strange buyback news . While recent results were solid, the increase to the company's share repurchase plan did not make sense to me. The valuation at that time didn't look good enough, and street analysts saw limited upside in the name. I was certainly wrong on this one, along with the street, as shares have rocketed more than 105% higher since to Tuesday's close, compared to a 17% gain in the S&P 500. A look at Q4 results For the December quarter, AMD delivered a record $10.27 billion in total revenue, up 34% over the prior year period. This number included $390 million of AMD Instinct MI308 revenue to China. Overall, Data Center revenues showed 39% growth, with Client and Gaming revenues up 37%, and Embedded segment revenue up 3%. The company beat street estimates by $630 million, which I believe is a company record in dollar terms. Even with analyst estimates rising after strong guidance a few months ago, the Q4 revenue beat was also a bit higher in percentage terms than the Q3 2025 beat was. AMD reported non-GAAP gross margins of 57% in Q4, up 3 percentage points both sequentially and year over year. However, the number would have been about 55% had the company not benefited from an approximate $360 million release of previously reserved AMD Instinct™ MI308 inventory and related charges. Non-GAAP operating expenses rose by 42% year...
Robert Way/iStock Editorial via Getty Images After the bell on Tuesday, we received fourth quarter results from Advanced Micro Devices ( AMD ). The chipmaker has been one of the market's biggest winners over the past year, as investors have flocked to those names powering the Artificial Intelligence ("AI") revolution. While the company announced solid and top line beats and gave decent guidance, i...
Robert Way/iStock Editorial via Getty Images After the bell on Tuesday, we received fourth quarter results from Advanced Micro Devices ( AMD ). The chipmaker has been one of the market's biggest winners over the past year, as investors have flocked to those names powering the Artificial Intelligence ("AI") revolution. While the company announced solid and top line beats and gave decent guidance, investors were not totally impressed. With the stock pulling back afterwards, there could be an opportunity here. Previous coverage of the name It was back in May 2025 when I last took a look at AMD, questioning the stock's high valuation and strange buyback news . While recent results were solid, the increase to the company's share repurchase plan did not make sense to me. The valuation at that time didn't look good enough, and street analysts saw limited upside in the name. I was certainly wrong on this one, along with the street, as shares have rocketed more than 105% higher since to Tuesday's close, compared to a 17% gain in the S&P 500. A look at Q4 results For the December quarter, AMD delivered a record $10.27 billion in total revenue, up 34% over the prior year period. This number included $390 million of AMD Instinct MI308 revenue to China. Overall, Data Center revenues showed 39% growth, with Client and Gaming revenues up 37%, and Embedded segment revenue up 3%. The company beat street estimates by $630 million, which I believe is a company record in dollar terms. Even with analyst estimates rising after strong guidance a few months ago, the Q4 revenue beat was also a bit higher in percentage terms than the Q3 2025 beat was. AMD reported non-GAAP gross margins of 57% in Q4, up 3 percentage points both sequentially and year over year. However, the number would have been about 55% had the company not benefited from an approximate $360 million release of previously reserved AMD Instinct™ MI308 inventory and related charges. Non-GAAP operating expenses rose by 42% year...
matejmo/iStock via Getty Images Introduction Pan American Silver Corp. ( PAAS ) is a Canadian mining company producing silver and gold. While the most recent rally in the two precious metals has already led to a 134% increase in Pan American's share price over the last year, there is further potential in the stock. The Short-Term Picture In the short term, PAAS seems rather expensive. To further c...
matejmo/iStock via Getty Images Introduction Pan American Silver Corp. ( PAAS ) is a Canadian mining company producing silver and gold. While the most recent rally in the two precious metals has already led to a 134% increase in Pan American's share price over the last year, there is further potential in the stock. The Short-Term Picture In the short term, PAAS seems rather expensive. To further confirm this assumption, I regressed the prices of iShares Silver Trust ETF ( SLV ), iShares Gold Trust ETF ( GLD ), and Heating Oil Futures ( HO1:COM ) on the company's share price, resulting in an intercept of $29.99, a beta for SLV of 0.618, and betas of -0.02 and -4.44 for GLD and Heating Oil Futures, respectively (shown in Figure 1). It is important to note that these betas are calculated on the total price of the mentioned assets, meaning that a $1 increase in the price of SLV should signify a $0.618 increase in the price of PAAS. Moreover, what seems alarming at first sight is that the effect of a gold price increase is negative. However, this is only the case as SLV and GLD are highly correlated, with silver being more volatile than gold. Because of this, the effect of a rise in gold prices is likely already represented in the price increase through SLV. To confirm this, I also conducted a regression without silver. Here, GLD had a positive beta of 0.106. Furthermore, the main underlying assumption for the model is that the relationship between the stock price of PAAS and the other assets is linear. Concerning the interpretation of this indicator, it can be thought of as the statistically most likely price of PAAS given the prices of the other, already mentioned assets. Most importantly, as the indicator only incorporates current prices, it does not make any assumption about future price movements. Therefore, it is purely a short-term indicator, implying that the fair value is only valid at current precious metal prices. The result can be seen in Figure 1. Applying t...
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Micron Technology broke ground on a new advanced wafer fabrication facility in Singapore, a project valued at about US$24b. The facility is planned to support NAND production, high bandwidth memory packaging and closer integration with research and development. The expansion is expected to a...
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Micron Technology broke ground on a new advanced wafer fabrication facility in Singapore, a project valued at about US$24b. The facility is planned to support NAND production, high bandwidth memory packaging and closer integration with research and development. The expansion is expected to add thousands of highly skilled jobs while targeting lower environmental impact in its operations. Micron Technology, NasdaqGS:MU, is moving ahead with this large Singapore buildout at a US$379.4 share price. The company has seen very large multi year gains, including a return of more than 300% over the past year and more than 500% over three years. This puts recent news like this fab project in sharper focus for investors watching the memory and AI supply chain. The Singapore fab is aimed at future AI and data storage demand, with co located manufacturing and R&D that could help Micron adjust more quickly to customer needs. For investors, the key questions will be how efficiently the company ramps this facility, how it balances spending with cash flows, and how this new capacity fits into the broader AI memory and high bandwidth memory ecosystem over time. Stay updated on the most important news stories for Micron Technology by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Micron Technology. NasdaqGS:MU Earnings & Revenue Growth as at Feb 2026 How Micron Technology stacks up against its biggest competitors The US$24b Singapore fab points to Micron leaning hard into long-term AI and data-storage demand, especially on the NAND side where capacity and technology transitions matter as much as volume. With wafer output only scheduled to begin in the second half of 2028, this is not about near term shortages but about positioning alongside Samsung and SK Hynix for the next wave of AI servers and data-heavy devices, ...
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Micron Technology broke ground on a new advanced wafer fabrication facility in Singapore, a project valued at about US$24b. The facility is planned to support NAND production, high bandwidth memory packaging and closer integration with research and development. The expansion is expected to a...
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Micron Technology broke ground on a new advanced wafer fabrication facility in Singapore, a project valued at about US$24b. The facility is planned to support NAND production, high bandwidth memory packaging and closer integration with research and development. The expansion is expected to add thousands of highly skilled jobs while targeting lower environmental impact in its operations. Micron Technology, NasdaqGS:MU, is moving ahead with this large Singapore buildout at a US$379.4 share price. The company has seen very large multi year gains, including a return of more than 300% over the past year and more than 500% over three years. This puts recent news like this fab project in sharper focus for investors watching the memory and AI supply chain. The Singapore fab is aimed at future AI and data storage demand, with co located manufacturing and R&D that could help Micron adjust more quickly to customer needs. For investors, the key questions will be how efficiently the company ramps this facility, how it balances spending with cash flows, and how this new capacity fits into the broader AI memory and high bandwidth memory ecosystem over time. Stay updated on the most important news stories for Micron Technology by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Micron Technology. NasdaqGS:MU Earnings & Revenue Growth as at Feb 2026 How Micron Technology stacks up against its biggest competitors The US$24b Singapore fab points to Micron leaning hard into long-term AI and data-storage demand, especially on the NAND side where capacity and technology transitions matter as much as volume. With wafer output only scheduled to begin in the second half of 2028, this is not about near term shortages but about positioning alongside Samsung and SK Hynix for the next wave of AI servers and data-heavy devices, ...
Our Discounted Cash Flow (DCF) analysis suggests Tencent Holdings is undervalued by 38.2%. Track this in your watchlist or portfolio , or discover 868 more undervalued stocks based on cash flows . Bringing all of those projected cash flows back to today gives an estimated intrinsic value of HK$902.82 per share. Compared with the recent share price of HK$558.0, the model implies the shares trade at...
Our Discounted Cash Flow (DCF) analysis suggests Tencent Holdings is undervalued by 38.2%. Track this in your watchlist or portfolio , or discover 868 more undervalued stocks based on cash flows . Bringing all of those projected cash flows back to today gives an estimated intrinsic value of HK$902.82 per share. Compared with the recent share price of HK$558.0, the model implies the shares trade at a 38.2% discount to this DCF estimate, which is a material gap based purely on these assumptions. For Tencent Holdings, the model used is a 2 Stage Free Cash Flow to Equity approach based on cash flow projections. The latest twelve month free cash flow is CN¥201.2b. Simply Wall St then uses analyst estimates for the next few years and extends those out, with projected free cash flow in 2035 of about CN¥599.3b, combining both analyst inputs and extrapolated figures for later years. A Discounted Cash Flow model estimates what a company could be worth by projecting its future cash flows and then discounting those amounts back to today. It is essentially asking what those future CN¥ of cash flow are worth in present terms. On our simple 6 point valuation check, Tencent Holdings scores 4 out of 6. We will look at what different valuation methods suggest about the current price, then finish by talking about a more complete way to think about valuation that brings these pieces together. Recent headlines have focused on Tencent's position in major Chinese technology indices and ongoing attention on large platform companies in China, which has kept sentiment in focus for investors. There has also been regular coverage of regulatory developments in the broader internet and gaming space, giving extra context to the share price moves over shorter periods. The share price last closed at HK$558.0, after a 10.1% decline over the past week and a 10.6% decline over the past month, even though the 1 year return sits at 34.7% and the 3 year return at 49.6%. If you are wondering whether Tence...
Earnings Call Insights: ASGN Incorporated (ASGN) Q4 2025 Management View CEO Theodore Hanson opened by highlighting the company's Next Wave Growth Strategy and the ongoing transformation toward higher value, higher-margin technology and digital engineering solutions, emphasizing "AI is now a dominant driver of demand with nearly 80% of enterprises planning to increase their AI spending in 2026." H...
Earnings Call Insights: ASGN Incorporated (ASGN) Q4 2025 Management View CEO Theodore Hanson opened by highlighting the company's Next Wave Growth Strategy and the ongoing transformation toward higher value, higher-margin technology and digital engineering solutions, emphasizing "AI is now a dominant driver of demand with nearly 80% of enterprises planning to increase their AI spending in 2026." He reported, "revenues of $980.1 million were at the top end of our guidance range, with IT consulting revenues comprising 63% of the total, up from 59% in the prior year." Commercial consulting bookings reached a record $444.4 million, with a book-to-bill of 1.3x for the quarter. Federal contract backlog stood at approximately $3 billion. The acquisition of Quinnox, announced two weeks prior, aims to enhance digital engineering and global delivery capabilities. The upcoming rebrand to Everforth is intended to unify commercial and federal brands, unlocking further scale and cross-selling opportunities. President Sadasivam Iyer noted, "fourth quarter bookings for application engineering and services practice nearly doubled quarter-over-quarter." Quinnox's deep expertise and global delivery centers in India will "immediately expand our market share." CFO Marie Perry stated, "For the fourth quarter, revenues totaled $980.1 million, at the top end of our guidance range and relatively consistent with the prior year period." She added, "free cash flow was $93.7 million, a conversion rate of approximately 87% of adjusted EBITDA, well above our conversion target rate of 60% to 65%." Perry outlined that the Quinnox acquisition, valued at $290 million, is expected to close in March, bringing the net leverage ratio to approximately 2.9x post-close. Outlook The company projects first quarter 2026 revenues of $960 million to $980 million, net income of $25.8 million to $29.4 million, and adjusted EBITDA of $93.5 million to $98.5 million with adjusted EBITDA margin of 9.7% to 10.1%. Guida...
On Monday, Telegram founder Pavel Durov shared a controversial 2004 chat attributed to Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg to criticize WhatsApp's privacy assurances. Durov Resurfaces Old Zuckerberg Messages Durov took to X and shared a screenshot of a 2004 AOL Instant Messenger conversation in which a teenage Zuckerberg appeared to mock early Facebook users for trusting him wit...
On Monday, Telegram founder Pavel Durov shared a controversial 2004 chat attributed to Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg to criticize WhatsApp's privacy assurances. Durov Resurfaces Old Zuckerberg Messages Durov took to X and shared a screenshot of a 2004 AOL Instant Messenger conversation in which a teenage Zuckerberg appeared to mock early Facebook users for trusting him with their personal data. The exchange, first reported years ago, showed Zuckerberg suggesting users willingly handed over emails and photos before disparaging their trust. Don't Miss: The ‘ChatGPT of Marketing' Just Opened a $0.85/Share Round — 10,000+ Investors Are Already In Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In at $0.50/Share. Commenting on the resurfaced chat, Durov said the difference today is only the "scale," arguing that WhatsApp's parent company is now benefiting from the trust of billions of users rather than a few thousand. He alleged that users continue to believe Meta's privacy assurances despite repeated controversies. The only thing that's changed since this conversation is the scale. Today, WhatsApp's owner is privately laughing not at 4 thousand, but at 4 billion "dumb fucks" who trust his claims (like WhatsApp's encryption). 📈🤡🔐 pic.twitter.com/Yqnkw5qpQo Trending: It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started. WhatsApp Privacy Lawsuit Fuels Debate Durov's remarks come as Meta faces a lawsuit filed in U.S. District Court in San Francisco by an international group of plaintiffs. The suit alleges Meta misled users by marketing WhatsApp as fully end-to-end encrypted while still being able to store, analyze or access large volumes of user communications. Meta has denied the allegations, calling the case "friv...