Fabrice Cabaud Wall Street's major averages were mixed on Tuesday, with the S&P 500 (SP500) and the Nasdaq (COMP:IND) dipping back into the red despite tech giants Palantir (PLTR) and Teradyne (TER) posting formidable Q4 earnings results. The benchmark S&P 500 ( SP500 ) was last -0.4% in late morning trade, while the Nasdaq Composite ( COMP:IND ) was -0.9%. The blue-chip Dow ( DJI ), on the other ...
Fabrice Cabaud Wall Street's major averages were mixed on Tuesday, with the S&P 500 (SP500) and the Nasdaq (COMP:IND) dipping back into the red despite tech giants Palantir (PLTR) and Teradyne (TER) posting formidable Q4 earnings results. The benchmark S&P 500 ( SP500 ) was last -0.4% in late morning trade, while the Nasdaq Composite ( COMP:IND ) was -0.9%. The blue-chip Dow ( DJI ), on the other hand, reached new intraday highs and was last +0.1%. “The bulls have history on their side: when the S&P 500 (SP500) gains between 0% and 2% in January, the next 11 months have gone higher 92% of the time since 1950, posting a median gain of 13.6%,” said Ryan Detrick, chief market strategist at Carson Group. Teradyne ( TER ) shares were +8.6% on Tuesday after the company posted Q1 earnings that beat expectations and issued guidance above consensus. Palantir Technologies ( PLTR ) was also +6.1% after a successful Q4 earnings report that beat consensus. In other notable earnings, PayPal ( PYPL ) stock tumbled 17.5% after the fintech issued disappointing guidance , delivered weaker-than-expected Q4 earnings and revenue, and replaced its CEO. Moreover, shares of some of the Magnificent Seven stocks were deep in the red, including Nvidia ( NVDA ), Microsoft ( MSFT ), Amazon ( AMZN ), and Apple ( AAPL ). Over in the bond market, the 10-year Treasury yield ( US10Y ) rose 1 basis point to 4.29%, while the 2-year yield ( US2Y ) was 1 basis point lower at 3.58%. In addition, gold ( XAUUSD:CUR ) and silver prices ( XAGUSD:CUR ) rebounded strongly after two days of heavy selling, lifting global stocks and funds linked to the metals. The commodities' prices are about $4,900 and $87 per ounce, respectively. “Metals are in big bull markets that have much more to go. The steep sell-off sets them up for another even steeper leg up. I am raising my gold target to $6800 from $5500 and silver to $180 from $125,” said David Hunter, chief macro strategist at Contrarian Macro Advisors. More on ma...
winhorse/iStock Unreleased via Getty Images I'm still sticking with a " Buy" call for Kyocera Corporation ( KYOCY ) (6971.T). KYOCY surpassed expectations with its strong 3QFY26 (YE Mar 31) showing. I also like how it's restructuring operations to deliver superior returns. Its minority position in "Japan Aviation Electronics" ( JPAVF ) and above-consensus 2nd quarter "Operating Profit/OP" were eva...
winhorse/iStock Unreleased via Getty Images I'm still sticking with a " Buy" call for Kyocera Corporation ( KYOCY ) (6971.T). KYOCY surpassed expectations with its strong 3QFY26 (YE Mar 31) showing. I also like how it's restructuring operations to deliver superior returns. Its minority position in "Japan Aviation Electronics" ( JPAVF ) and above-consensus 2nd quarter "Operating Profit/OP" were evaluated in my prior Nov. 7, 2025 write-up . KYOCY Topped Estimates And Hiked Outlook The company issued an announcement showcasing its quarterly results on Monday, Feb. 2. Its 3QFY2026 OP of ¥29 billion was +28.8% better than the analysts' projection, according to S&P Capital IQ. The full-year guide was revised upwards from ¥0.07 trillion to ¥0.10 trillion, implying a 266% improvement versus FY25. You would be impressed with KYOCY's turnaround from losses in the same quarter a year ago. This also means that a sequential group-level comparison is more effective by avoiding the distortion of negative YoY numbers. The firm's operating income rose 22.6% QoQ in the latest three-month period. Its EBIT-to-sales widened by +85bps (basis points) during the same time frame. My initial August 2025 report highlighted that KYOCY's top and third biggest revenue-generating sub-segments are "Document Solutions Unit/DSU" and "Semiconductor Components Unit/SCU", respectively. These were the standouts in Q3. SCU's topline was 25.8% higher at ¥93 billion for 3QFY26. In its earnings disclosure, the robust growth was credited to "AI-related demand" associated with "organic packages for data centers (DCs)." In the 3rd quarter of this fiscal year, DSU achieved a 9.1% operating margin. That was equivalent to QoQ and YoY expansion rates of +1.7ppts (percentage points) and +0.2ppts, respectively. This was driven by "cost reduction efforts" according to the results slides . Separately, I believe management is justified in being optimistic about the FY26 outlook. About half of the +¥30 billion guidance ...
The $1.25 trillion merger between SpaceX and xAI are increasing expectations about the Space X IPO, which could come as early as June. What Polymarket Projects For Space X’s Market Cap Polymarket traders are currently estimating that the closing market cap of SpaceX will be around $1.67 trillion, derived from the following probability bands: 29% chance of >$2 Trillion 34% chance of $1.4 Trillion –...
The $1.25 trillion merger between SpaceX and xAI are increasing expectations about the Space X IPO, which could come as early as June. What Polymarket Projects For Space X’s Market Cap Polymarket traders are currently estimating that the closing market cap of SpaceX will be around $1.67 trillion, derived from the following probability bands: 29% chance of >$2 Trillion 34% chance of $1.4 Trillion – $2 Trillion 9% chance of $1 Trillion – $1.4 Trillion 15% chance of <$1 Trillion 12% chance of “No IPO before 2028” To put these numbers in perspective, the current record-holder for the largest IPO in history is Saudi Aramco, which debuted in 2019 with a valuation of roughly $1.7 trillion. If the 28% figure proves to be correct and the SpaceX-xAI entity breaks the $2 trillion barrier on Day 1, it wouldn’t just be the biggest IPO ever. 2026 Could Be A Massive Year For IPOs The timing of this merger is critical as rumors swirl that OpenAI is eyeing a Q4 IPO with a target valuation exceeding $1 trillion. AI rival Anthropic is reportedly preparing its own listing at a $500 billion target. This sets the stage for a “race for liquidity.” Market insiders are speculating that SpaceX is targeting a capital raise of $50 billion, far exceeding Saudi Aramco's $25.6 billion record. A listing of this magnitude would act as a gravity well, sucking up massive amounts of institutional and retail capital. In a year where three of the biggest tech listings in history might overlap, fund managers will have to make hard choices about where to allocate their cash. The Polymarket odds suggest the market is pricing a meaningful Musk premium, big enough to put a record-setting IPO on the table. Image: Shutterstock
In early trading on Tuesday, shares of Merck topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.8%. Year to date, Merck registers a 11.8% gain. And the worst performing Dow component thus far on the day is Salesforce, trading down 4.0%. Salesforce is lower by about 23.6% looking at the year to date performance. Two other components making moves today...
In early trading on Tuesday, shares of Merck topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.8%. Year to date, Merck registers a 11.8% gain. And the worst performing Dow component thus far on the day is Salesforce, trading down 4.0%. Salesforce is lower by about 23.6% looking at the year to date performance. Two other components making moves today are International Business Machines, trading down 2.9%, and Cisco Systems, trading up 2.5% on the day. VIDEO: Dow Movers: CRM, MRK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Management emphasized that Revolve is gaining competitive advantage in a challenging retail and tariff environment, supported by data driven merchandising, growing its own brand penetration, and improving marketing efficiency. Active customers reached 2.75 million, up 5% year over year, while management raised full year 2025 gross margin guidance to 53.5%, well above prior expectations. Free cash ...
Management emphasized that Revolve is gaining competitive advantage in a challenging retail and tariff environment, supported by data driven merchandising, growing its own brand penetration, and improving marketing efficiency. Active customers reached 2.75 million, up 5% year over year, while management raised full year 2025 gross margin guidance to 53.5%, well above prior expectations. Free cash flow more than tripled through the first nine months of the year, adding $63 million to cash and lifting the balance to $315 million. The quarter was driven by margin performance, even as revenue came in below expectations. The bottom line reflected a nearly 350 basis point year over year expansion in gross margin to 54.6%. That margin strength powered an 11% increase in gross profit and a 45% jump in adjusted EBITDA to $25.3 million, the company's highest ever for a third quarter. Revolve delivered a strong Q3 earnings, beating expectations by 118%. This was the 8 th straight EPS beat and the second largest beat during that stretch. RVLV is valued at $2 billion and has a Forward PE of 33. The stock has Zacks Style Scores of "C" in Value, but "A" in Growth. The company operates two main online platforms. REVOLVE, which offers a wide assortment of premium apparel, footwear, beauty, accessories, and home products from both emerging and established brands, and FWRD, which focuses on higher-end and luxury fashion. Revolve Group was founded in 2003 and is headquartered in Cerritos, California. The company operated under the name Advance Holdings, LLC before rebranding as Revolve Group, Inc. in October 2018. The stock recouped most of its 2025 losses in the final month of the year, though early 2026 has seen modest selling pressure. Investors should watch key technical levels and upcoming earnings as potential catalysts for a longer-term opportunity. Revolve is primarily an e-commerce destination that blends shopping with lifestyle and content, using influencer and social media m...
imaginima/iStock via Getty Images AES Corp. ( AES ) +6.5% in early trading Tuesday following a Bloomberg report that BlackRock' s ( BLK ) Global Infrastructure Partners has teamed up with EQT AB in an attempt to acquire the power company. The two investment companies reportedly could reach an agreement in the coming weeks to buy AES ( AES ), which provides renewable power to tech giants such as Mi...
imaginima/iStock via Getty Images AES Corp. ( AES ) +6.5% in early trading Tuesday following a Bloomberg report that BlackRock' s ( BLK ) Global Infrastructure Partners has teamed up with EQT AB in an attempt to acquire the power company. The two investment companies reportedly could reach an agreement in the coming weeks to buy AES ( AES ), which provides renewable power to tech giants such as Microsoft. AES ( AES ) has been exploring options including a sale after receiving takeover interest from infrastructure investors including GIP, Bloomberg reported earlier. Virginia-based AES ( AES ) owns a fleet of renewable generation, including wind and solar, as well as natural gas and coal assets and a utility in Indiana and Ohio. More on AES Corp. AES Corp.: Why The Stock Is Worth $30, With Or Without A Takeover AES Corp. At 6.5x P/E Is Way Too Cheap AES Corp.: No News Is (Probably) Good News
Eric Broder Van Dyke/iStock Editorial via Getty Images I've continued to assign a 'Hold' to Komatsu Ltd. ( KMTUY ) (6301.T). KMTUY's 3QFY2025 (YE Mar 31, 2026) "Operating Profit/OP" was consistent with internal expectations, excluding "Foreign Exchange/FX" tailwinds. The company also stuck to the existing financial outlook. Its above-consensus 2nd quarter results and worse-than-anticipated full-ye...
Eric Broder Van Dyke/iStock Editorial via Getty Images I've continued to assign a 'Hold' to Komatsu Ltd. ( KMTUY ) (6301.T). KMTUY's 3QFY2025 (YE Mar 31, 2026) "Operating Profit/OP" was consistent with internal expectations, excluding "Foreign Exchange/FX" tailwinds. The company also stuck to the existing financial outlook. Its above-consensus 2nd quarter results and worse-than-anticipated full-year guide were detailed in my previous November 7, 2025 write-up . FX-Adjusted Operating Income Was No Surprise The firm's latest performance was revealed on Friday, Jan 30. KMTUY registered a headline OP of ¥142B in Oct-Dec '25. There's "+JPY 20 billion of positive (OP) impact coming from FX" for the recent three-month period according to its analyst call comments (S&P Capital IQ transcript). The normalized quarterly OP amounted to ¥122B, or 24.4% of management's FY25 guidance. It's reasonable for me to say that this was aligned with what investors hoped for. This also implies a -25.0% YoY contraction. Its third quarter showing had both encouraging signs and areas of concerns. My Nov '25 piece indicated that "Indonesia/ID" is "a weak spot for the enterprise" because of "coal price weakness" and reduced "budgets for certain public infrastructure projects." But KMTUY noted at the results briefing its mining machinery volumes in the Indonesian market were "better than our initial plan." It shared that "Average Selling Price/ASP" improved from 2QFY25's 42-43/mt to 3QFY25's $45-46/mt. Also, ID's construction equipment sales surpassed expectations due to "demand related to restoration" driven by "torrential rain." Another highlight was the +48% YoY surge in industrial division's Q3 operating income to ¥11B. As per its slides , this business benefited from an increase in "higher-margin excimer laser maintenance (services) for the semiconductor industry." The EBIT-to-sales of this revenue stream is 20+%, which is way higher than the group-level's low-teens percent. Even with the ab...
tiero/iStock via Getty Images Applied Digital Corporation ( APLD ) released its fiscal Q2 '26 financials , and just like last quarter, the report exceeded market expectations. Revenue is growing, losses are narrowing, and a new campus has just been announced, all proving the company's commitment to its HPC business. Spoiler: the news just reinforces my last Buy rating and gives me more confidence ...
tiero/iStock via Getty Images Applied Digital Corporation ( APLD ) released its fiscal Q2 '26 financials , and just like last quarter, the report exceeded market expectations. Revenue is growing, losses are narrowing, and a new campus has just been announced, all proving the company's commitment to its HPC business. Spoiler: the news just reinforces my last Buy rating and gives me more confidence in my estimated timeline. APLD Stock and Valuation Overview Today, Applied Digital is trading around $34.80, up about 12% from the last time I covered it . Zooming out, the stock is up 374% over the last year. Seeking Alpha Valuation-wise, right now, the stock is trading at around 28x forward sales, 713% above the sector median. Seeking Alpha And if you’re wondering, this absolutely raises some serious questions about its high valuation, which I already mentioned before. And to be clear, nothing has changed since then, at least not in any material sense. The triple-digit price performance over the last 12 months is mostly driven by black-and-white contracts, sure, but there’s also a sprinkle of speculation. Though, to be honest, that’s not new to anyone who’s been looking at the AI stocks over the last few years. The AI boom is still in full swing, and many hyperscalers are spending what some would say are unfathomable sums on the bet that future AI demand will justify today’s valuations. Speaking of which, let’s see how much of that money is flowing to Applied Digital’s balance sheet . Inside Applied Digital’s Q2 '26 Financials The company released its Q2 '26 financials back on January 7, 2026. Reported revenue for the quarter reached $126.6 million, representing a massive 250% increase year-over-year. Seeking Alpha Revenue for this quarter was mostly driven by fit-out services through its High-Performance Computing (HPC) Hosting segment, under which Polaris Forge 1, 2, and the newly announced Delta Forge 1 are (more on that later). Revenue Source Q1 FY ’26 % Q2 FY ’26 % D...
Richard Drury/DigitalVision via Getty Images The Dow Jones Industrial Average ( DJI ) first crossed the 40,000 milestone in mid-2024 (see Investing Caffeine - Dow 40,000 ), yet barely 18 months later, the index has notched another record closing high and is now knocking on the door of 50,000. For the most recent month - Dow Jones: +1.7% S&P 500: +1.4% NASDAQ: +1.0% Remarkably, as we enter 2026 fli...
Richard Drury/DigitalVision via Getty Images The Dow Jones Industrial Average ( DJI ) first crossed the 40,000 milestone in mid-2024 (see Investing Caffeine - Dow 40,000 ), yet barely 18 months later, the index has notched another record closing high and is now knocking on the door of 50,000. For the most recent month - Dow Jones: +1.7% S&P 500: +1.4% NASDAQ: +1.0% Remarkably, as we enter 2026 flirting with these major milestones, this marks the third consecutive year of double-digit gains across the major stock indices - despite what feels like a nonstop barrage of alarming and often unimaginable headlines. And that’s the key point. A World on Fire... According to the Headlines • Greenland Takeover Threat: Over a year ago, President Trump declared U.S. control of Greenland an “absolute necessity” for national security amid rising Russian and Chinese Arctic influence. Last month, tensions escalated when a proposed tariff regime - starting at 10% and rising to 25% - was announced against Denmark and several European allies. Markets ultimately breathed a sigh of relief after tariffs and military threats were reversed following the announcement of a negotiated framework. • Venezuelan Invasion: In early January, U.S. forces executed a high-precision raid of the Venezuelan capital of Caracas in the middle of the night, when President Nicolas Maduro was successfully extracted without any Americans killed. Maduro now faces narcoterrorism and corruption charges in federal court in Brooklyn. Meanwhile, Secretary of State Marco Rubio has spearheaded a plan that prioritizes the rebuilding of Venezuela’s oil infrastructure by seizing tankers and millions of barrels of sanctioned crude oil to finance the reconstruction. • ICE Protests in Minnesota Turn Deadly: Immigration protests in Minnesota escalated last month, resulting in two high-profile fatalities as demonstrators clashed with federal ICE authorities (Immigration and Customs Enforcement). • Government Shutdown (Again): A...
Stock Market Today: Dow gives up early gains while the S&P 500 and Nasdaq trade lower; Palantir rises after earnings; gold and silver rebound; AMD results on tap. MarketWatch
Stock Market Today: Dow gives up early gains while the S&P 500 and Nasdaq trade lower; Palantir rises after earnings; gold and silver rebound; AMD results on tap. MarketWatch
ablokhin/iStock Editorial via Getty Images Shares of Marathon Petroleum ( MPC ) have been a solid performer over the past year, gaining about 20% as the refining environment has improved over the past year and the company has continued to aggressively repurchase stock. Still, shares are down over 10% from their highs as we have seen refining spreads narrow. A solid Q4 and reiteration of its shareh...
ablokhin/iStock Editorial via Getty Images Shares of Marathon Petroleum ( MPC ) have been a solid performer over the past year, gaining about 20% as the refining environment has improved over the past year and the company has continued to aggressively repurchase stock. Still, shares are down over 10% from their highs as we have seen refining spreads narrow. A solid Q4 and reiteration of its shareholder-friendly capital allocation program sent shares up 3% in early trading on Tuesday. I last covered Marathon in November , when I reiterated the stock a “strong buy,” but shares are down 3% since then, a disappointing performance. With updated financials, now is a good time to revisit MPC. Seeking Alpha In the company’s fourth quarter , Marathon Petroleum earned $4.07, blowing past expectations by $1.36 on revenue of $33.4 billion. Marathon’s consolidated results include MPLX ( MPLX ). I prefer to value Marathon based on its stand-alone refining business and add back the value of its publicly traded MPLX holding. Its majority stake is worth about $35.8 billion, or about $119 per MPC share. I have separately covered MPLX and am bullish on its prospects. Essentially for every share of MPC you buy, you own a piece of MPC’s refining assets as well as ~2.15 units of MPLX. The Refining Environment Has Markedly Improved Its refining and marketing segment generated $2 billion of EBITDA in Q4, nearly quadrupling last year’s $559 million. For the full year, it generated $6.1 billion of EBITDA. In late 2024, refining spreads were extremely weak as strong industry utilization led to oversupply, and that created a favorable comparison with Q4 results more consistent with my long-term expectations of the business. As a result, Marathon’s margin expanded from ~$13/barrel to $18.65. Throughput also was strong at 95%, or 3 mbpd. As you can see, margins were strong across regions, driving the growth in EBITDA. MPC captured a leading 114% of market crack spreads thanks to its widespread d...
AMD stock price continued its strong rally this year as demand for semiconductor chips gained steam. It was trading at $246 on Monday, up by 220%5 from its lowest level in 2025, with its market capitalization soaring to over $400 billion. So, will the stock rally or crash after releasing its earnings on Tuesday? AMD’s business is facing major headwinds Advanced Micro Devices, which Lisa Su runs, h...
AMD stock price continued its strong rally this year as demand for semiconductor chips gained steam. It was trading at $246 on Monday, up by 220%5 from its lowest level in 2025, with its market capitalization soaring to over $400 billion. So, will the stock rally or crash after releasing its earnings on Tuesday? AMD’s business is facing major headwinds Advanced Micro Devices, which Lisa Su runs, has become a major player in the artificial intelligence (AI) industry, where it provides quality chips that are used widely in data centers around the world. Its chips are the second most popular ones after NVIDIA. The stock has been in a strong bull run in the past few months after its last financial results showed that its business growth trajectory continued. It also accelerated after reaching a multi-billion-dollar deal with OpenAI, the creator of ChatGPT. AMD is facing some major challenges. For example, the ongoing geopolitical tensions between the US and China have disrupted its Chinese business, which is the biggest in the world. At the same time, companies like Microsoft, Alphabet, and Amazon are building their ASIC chips. Some of these companies have hinted that they will start selling their chips to third parties, which may affect their future sales. Chinese companies like Huawei and Moore Threads are also closing the gap with Western chips. At the same time, NVIDIA has hinted that it was entering the CPU industry, a move that will affect its business. AMD to publish strong results Additionally, there are concerns on whether the AI business will continue booming in the future. For example, the recent Microsoft results showed that its cloud computing business was slowing despite the rising investments. Wall Street analysts are highly optimistic that its business continued doing well last quarter. The average estimate is that its revenue jumped by 26% to $9.6 billion, while its earnings per share (EPS) soared by 25% to $1.32. This growth will be driven by the AI da...
This article first appeared on GuruFocus. Amazon.com, Inc. (NASDAQ:AMZN) is gearing up for yet another round of corporate layoffs, with a Washington state filing pointing to 2,200 permanent job cuts set to begin later this spring. A notice from the Washington Employment Security Department shows the reductions will start April 28 and affect employees across multiple locations in the state. The fil...
This article first appeared on GuruFocus. Amazon.com, Inc. (NASDAQ:AMZN) is gearing up for yet another round of corporate layoffs, with a Washington state filing pointing to 2,200 permanent job cuts set to begin later this spring. A notice from the Washington Employment Security Department shows the reductions will start April 28 and affect employees across multiple locations in the state. The filing also flags 401 jobs tied to the shutdown of one or more facilities. It's the latest chapter in Amazon's long-running effort to slim down its corporate workforce. The cuts come on top of 14,000 global layoffs announced in October and another 16,000 corporate roles cut just last week. CEO Andy Jassy has been clear about the motivation, saying the moves are not about financial stress or AI replacing workers, but about stripping out overlapping layers of management that slow decisions and blur ownership. Since taking the top job in 2021, Jassy has overseen the elimination of more than 57,000 corporate positions as Amazon reshapes how it operates.
PayPal Holdings said HP Inc. CEO Enrique Lores will take the top job from Alex Chriss, whose turnaround plan failed to meet targets. Paige Smith reports on "Bloomberg Open Interest." (Source: Bloomberg)
PayPal Holdings said HP Inc. CEO Enrique Lores will take the top job from Alex Chriss, whose turnaround plan failed to meet targets. Paige Smith reports on "Bloomberg Open Interest." (Source: Bloomberg)
Palantir Technologies the most expensive stock in the S&P 500, might also be one of a handful of companies capable of performing one of the most crucial tasks in the current economy. The data-analytics group, which boasts ties to both the U.S. Department of Defense and military organizations around the world, is not only making money from its artificial-intelligence expertise but also convincing c...
Palantir Technologies the most expensive stock in the S&P 500, might also be one of a handful of companies capable of performing one of the most crucial tasks in the current economy. The data-analytics group, which boasts ties to both the U.S. Department of Defense and military organizations around the world, is not only making money from its artificial-intelligence expertise but also convincing companies, governments, and investors that it can do so at scale. Palantir is looking to grow its overall revenue by more than 60% this year, a staggering rate of growth considering it’s working from a 2025 base of $4.48 billion.
Self-driving car company Waymo on Monday said it raised $16bn in a funding round that valued the Alphabet subsidiary at $126bn. Waymo co-chief executives Tekedra Mawakana and Dmitri Dolgov touted the massive investment as a sign that the age of large-scale autonomous mobility has arrived. “This infusion of capital will ensure we are positioned to move forward with unprecedented velocity, while mai...
Self-driving car company Waymo on Monday said it raised $16bn in a funding round that valued the Alphabet subsidiary at $126bn. Waymo co-chief executives Tekedra Mawakana and Dmitri Dolgov touted the massive investment as a sign that the age of large-scale autonomous mobility has arrived. “This infusion of capital will ensure we are positioned to move forward with unprecedented velocity, while maintaining our industry-leading safety standards,” Dolgov and Mawakana said in a blog post. Waymo’s focus is on spreading its robotaxi service throughout the United States and internationally this year, the executives added. Its service, available in 10 US cities as of early 2026, aims to expand to about 20 metropolitan areas within a year, including London. Waymo’s white Jaguars, equipped with cameras and sensors, have become a familiar sight on San Francisco and Los Angeles streets. “We are no longer proving a concept; we are scaling a commercial reality, laying the groundwork for ride-hailing operations in over 20 additional cities in 2026, including Tokyo and London,” Dolgov and Mawakana said. Last year, the company more than tripled its annual volume to 15m rides and now provides more than 400,000 rides weekly in the six major US metropolitan areas where it operates, according to the company. “We have demonstrated that our technology is not just the most advanced manifestation of AI in the physical world, but a vital service that people have come to rely on in their daily lives,” the co-chief executives said. Alphabet took a big part in the recent funding round led by Dragoneer Investment Group, joined by Silicon Valley venture capital titans like Andreessen Horowitz and Sequoia Capital, according to Waymo. Letting go of the steering wheel is no longer a fantasy as Waymo’s robotaxis in the United States and China’s Apollo Go – which has been growing rapidly over the past year – demonstrate the reliability of fully autonomous driving, where responsibility lies with the ma...
Another earnings call from one of the hegemons of the AI revolution, Palantir, has sustained its strong run so far and delivered more records. In pre-market trading, the company’s shares are up more than 10%. Expectations for the results were high, but the company managed to meet or beat them across all key categories. On a quarterly basis (Q4 2025): EPS rose to 0.25 versus 0.23 expected. This rep...
Another earnings call from one of the hegemons of the AI revolution, Palantir, has sustained its strong run so far and delivered more records. In pre-market trading, the company’s shares are up more than 10%. Expectations for the results were high, but the company managed to meet or beat them across all key categories. On a quarterly basis (Q4 2025): EPS rose to 0.25 versus 0.23 expected. This represents growth of over 40% quarter-on-quarter and as much as 78% year-on-year. Revenue showed a similar pattern, rising to $1.41 billion, beating expectations of $1.32 billion. This is nearly 30% quarter-on-quarter growth and 72% year-on-year growth. Net profit increased to $609 million. The customer portfolio also looks strong. The company is maintaining diversification between commercial and government customers. In both segments, growth exceeded $500 billion, although the commercial segment grew noticeably faster in the most recent quarter. On an annual basis , the company’s revenue reached $4.47 billion, beating its own guidance of only $4.4 billion. Guidance for next year was set at $7.18–$7.19 billion. Despite a deterioration in the U.S. image on the international stage, the company managed to beat analysts’ expectations for international sales. In 2025, the company secured as much as $730 million in contracts outside the U.S. One of the largest contracts of this kind is a $328 million deal intended to support operations of the UK Ministry of Defence. Using Bloomberg Finance data, a comparative chart (share price vs. the relationship between actual and expected EPS) indicates that the share price is clearly lagging behind growth for the first time since the consolidation in Q1 2025. At the same time, the company continues to show consistently positive earnings surprises. As a closing note, it is worth referencing a recent Wall Street Journal article in which the authors point out that no company in U.S. market history has reached such high valuations with this level o...
Pepsi will cut prices on Lay's, Cheetos by as much as 15% toggle caption Justin Sullivan/Getty Images PepsiCo says it's received the message from shoppers who've complained about higher prices. The food giant is now dropping the cost of its chips — including Lay's, Doritos, Cheetos and Tostitos — "by up to nearly 15%." Pepsi on Tuesday said that its new retail prices on chips will start rolling ou...
Pepsi will cut prices on Lay's, Cheetos by as much as 15% toggle caption Justin Sullivan/Getty Images PepsiCo says it's received the message from shoppers who've complained about higher prices. The food giant is now dropping the cost of its chips — including Lay's, Doritos, Cheetos and Tostitos — "by up to nearly 15%." Pepsi on Tuesday said that its new retail prices on chips will start rolling out as soon as this week, ahead of the Super Bowl snack-shopping sprees. The company is among many big-brand giants feeling shoppers reconsider their food budgets after years of stubborn inflation. Especially in the snack aisles, people have been turning to more store-brand options — or skipping those items altogether. That's after food companies repeatedly raised prices after the pandemic, betting on shoppers' brand loyalty. Sponsor Message "We've spent the past year listening closely to consumers, and they've told us they're feeling the strain," Rachel Ferdinando, CEO of PepsiCo Foods U.S., said in a statement Tuesday. "People shouldn't have to choose between great taste and staying within their budget." The food giant — whose brands also include Gatorade and Quaker Oats — last month said it would lower prices to boost sales and reduce its product lineup by a fifth. This was part of an agreement the company struck with activist investor Elliott Investment Management to improve its North American food business. General Mills — maker of Cheerios, Betty Crocker and Annie's — also said last year that it plans to discount roughly two-thirds of its offerings. Both companies noted that retailers have the ultimately control over the prices seen on store shelves. Pepsi's financial report on Tuesday showed the volume of food items sold in North America dropped by 1% in the latest quarter, even as overall sales grew. CEO Ramon Laguarta told investors on a call that affordability was the biggest hurdle preventing low- and middle-income shoppers from buying more brand products. Pepsi is...
Key Points BML Capital Management sold 1,210,415 shares of Alumis in the fourth quarter. The shares were worth about $4.83 million as of the last-disclosed values. The position was previously 4.4% of the fund's AUM as of the prior quarter. These 10 stocks could mint the next wave of millionaires › On February 2, BML Capital Management disclosed in a Securities and Exchange Commission filing that i...
Key Points BML Capital Management sold 1,210,415 shares of Alumis in the fourth quarter. The shares were worth about $4.83 million as of the last-disclosed values. The position was previously 4.4% of the fund's AUM as of the prior quarter. These 10 stocks could mint the next wave of millionaires › On February 2, BML Capital Management disclosed in a Securities and Exchange Commission filing that it sold out of Alumis (NASDAQ:ALMS), liquidating 1,210,415 shares in an estimated $4.83 million trade. What happened According to a Securities and Exchange Commission (SEC) filing dated February 2, BML Capital Management reported a complete sale of its 1,210,415-share stake in Alumis (NASDAQ:ALMS). As a result, the fund's quarter-end position value in Alumis decreased by $4.83 million, and it now holds no shares. What else to know Top holdings after the filing: NASDAQ: ACRS: $42.89 million (38.0% of AUM) NASDAQ: AVIR: $26.74 million (23.7% of AUM) NASDAQ: ORMP: $9.03 million (8.0% of AUM) NASDAQ: TIL: $7.10 million (6.3% of AUM) NASDAQ: PMVP: $6.62 million (5.9% of AUM) As of February 2, shares of Alumis were priced at $26.42, up a staggering 255.1% over the prior year and well outperforming the S&P 500’s roughly 15% gain in the same period. Company overview Metric Value Market capitalization $3.3 billion Revenue (TTM) $22.12 million Net income (TTM) ($245.15 million) Price (as of February 3) $26.42 Company snapshot Alumis develops clinical-stage therapies for autoimmune and neuroinflammatory disorders, including ESK-001 and A-005 targeting TYK2 inhibition. The company operates a biopharmaceutical business model focused on advancing proprietary drug candidates through clinical trials toward regulatory approval and commercialization. It targets patients with autoimmune diseases such as plaque psoriasis, systemic lupus erythematosus, and neurodegenerative conditions. Alumis is a clinical-stage biotechnology company specializing in the development of novel therapies for autoimm...
Dmitry Vinogradov Shares of Fabrinet ( FN ) fell about 15% on Tuesday despite fiscal second quarter results and outlook exceeding estimates, which saw largely positive reactions from analysts. Needham maintained its Buy rating and $540 price target on the shares of Fabrinet — which provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services. Analysts...
Dmitry Vinogradov Shares of Fabrinet ( FN ) fell about 15% on Tuesday despite fiscal second quarter results and outlook exceeding estimates, which saw largely positive reactions from analysts. Needham maintained its Buy rating and $540 price target on the shares of Fabrinet — which provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services. Analysts led by Ryan Koontz said Fabrinet's fiscal second quarter results again handily beat consensus Revenue/EPS by +5%/+$0.11, and third quarter guidance was above consensus +4%/+$0.09. Fiscal second quarter saw strength in Telecom (+59% year-over-year) which includes Ciena ( CIEN ), Cisco Systems ( CSCO ) and leading Low Earth Orbit, or LEO, satellite operators. "Datacom, however, remained stalled (-7% y/y) as we believe NVDA has been supply limited on 200G/lane EMLs [Electro-Absorption Modulated Laser] but FN mgt [management] is now confident in growth forward as a new supplier (we believe LITE) was recently approved by NVDA. FN also delivered on an expected strong HPC [high performance computing] revenue ramp (+456% q/q) for Amazon's Trainium board via share gains from Accton," said Koontz and his team. Fabrinet's CFO Csaba Sverha said on the company's earnings call that Datacom revenue declined 7% year-over-year to $278M but increased 2% sequentially, adding that "trends appear favorable for continued sequential growth." The analysts noted that these impressive results affirmed their mid-term conviction in Fabrinet, with over $2.5B in new production capacity coming online by the end of calendar year 2026. Susquehanna maintained its Positive rating on Fabrinet with a $570 price target. "EML shortage appeared to persist into CY1Q. Indeed, CEO Seamus Grady confirmed that Fabrinet would have shipped more volumes to its customers if not for the ongoing EML shortage. That said, NVIDIA appears to have qualified a second EML source in the quarter, which Fabrinet expects will benefit...
Indonesian Finance Minister Purbaya Yudhi Sadewa defended the country's economic track in the wake of a recent slump in the rupiah and local stocks. In a conversation with Bloomberg's Haslinda Amin at a business forum in Jakarta, the minister criticized Citigroup Inc. for a report that said the nation's budget deficit could breach the legal limit this year. Purbaya also iterated that the revocatio...
Indonesian Finance Minister Purbaya Yudhi Sadewa defended the country's economic track in the wake of a recent slump in the rupiah and local stocks. In a conversation with Bloomberg's Haslinda Amin at a business forum in Jakarta, the minister criticized Citigroup Inc. for a report that said the nation's budget deficit could breach the legal limit this year. Purbaya also iterated that the revocation of mining permits was a step toward fostering a positive investment climate in Southeast Asia’s largest economy, stating "we are against illegal mining." (Source: Bloomberg)