Archer Aviation (NYSE: ACHR) is an aviation company trying to turn a sci-fi idea into reality: flying cars -- or, rather, flying taxis . Think of it as the ridehailing company of the skies. If it succeeds, you might one day call a giant drone-looking craft from your phone to taxi you through the air to and from the airport. That day might come sooner than originally expected. Thanks to the White H...
Archer Aviation (NYSE: ACHR) is an aviation company trying to turn a sci-fi idea into reality: flying cars -- or, rather, flying taxis . Think of it as the ridehailing company of the skies. If it succeeds, you might one day call a giant drone-looking craft from your phone to taxi you through the air to and from the airport. That day might come sooner than originally expected. Thanks to the White House-backed eVTOL Integration Pilot Program, Archer is preparing for early Midnight operations through partners in Florida, Texas, and New York as soon as the second half of 2026. True, that's not the same as full commercial service under FAA type certification, which Archer currently lacks. But successful flights in this program could give regulators a closer look at its aircraft in flight, not to mention offer investors a glimpse into how its air taxi service could work in real-world conditions. Despite the good news, Archer Aviation stock is trading well below its former highs. Before you buy the dip, however, there's one thing to consider. Continue reading
Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences SpaceX is reportedly targeting a valuation of about $1.8 trillion as it prepares to go public next Friday, trading on the Nasdaq exchange under the ticker symbol SPCX. Last month, Goldman Sachs was selected as the lead bank for the SpaceX listing, alongside Morgan Stanley. JPMorgan, Bank of A...
Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences SpaceX is reportedly targeting a valuation of about $1.8 trillion as it prepares to go public next Friday, trading on the Nasdaq exchange under the ticker symbol SPCX. Last month, Goldman Sachs was selected as the lead bank for the SpaceX listing, alongside Morgan Stanley. JPMorgan, Bank of America, and Citigroup are also among the 23 banks working on what will be the largest-ever listing, expected to raise a staggering $75 billion by selling about 555.6 million shares. The planned IPO price is about $135 per share. Retail investors will be able to participate at the same prices as the big institutions. Expected SPCX price of $135 per share → https://t.co/eKBA0tzXbH — SpaceX (@SpaceX) June 4, 2026 On Wednesday, we told readers that SpaceX's roadshow for institutional investors was set to begin on Thursday. A new Bloomberg report states that JPMorgan CEO Jamie Dimon is set to hold a "live interactive discussion" later today. He will be joined by Mary Callahan Erdoes, CEO of the bank's asset and wealth management division, and two SpaceX executives: President Gwynne Shotwell and Chief Financial Officer Bret Johnsen. The event will be streamed to 90 JPM locations across 26 states, according to Bloomberg sources, with more than 2,500 of the bank's clients expected to watch. JPMorgan's nationwide roadshow for SpaceX shows that demand is extending deep into the private-wealth client base for this once-in-a-generation listing. With the SpaceX roadshow underway, Morningstar equity analyst Nicolas Owens attempted earlier this week to temper the hype around the listing by publishing a note saying, "We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO." Meanwhile, Polymarket odds for "SpaceX IPO closing market cap above ___?" currently stand at 89% for a market cap above $1.8 ...
Andrey Rykov/iStock via Getty Images I mark a Hold rating on Commercial Vehicle Group ( CVGI ) stock due to a problematic binary setup. On the positive side, CVGI is shifting from a cyclical legacy Class 8 truck parts supplier into a high-margin electrical architecture comp. This shift is backed by the Zoox autonomous robotaxi deal that opens up a large redundancy-multiplier for content-per-vehicl...
Andrey Rykov/iStock via Getty Images I mark a Hold rating on Commercial Vehicle Group ( CVGI ) stock due to a problematic binary setup. On the positive side, CVGI is shifting from a cyclical legacy Class 8 truck parts supplier into a high-margin electrical architecture comp. This shift is backed by the Zoox autonomous robotaxi deal that opens up a large redundancy-multiplier for content-per-vehicle. More so, activist investor Lakeview Investment Group's board integration builds a catalyst for margin expansion and value realization. However, on the negative, this bullish thesis is counterbalanced as CVGI is standing on a 3.8x net leverage ratio (in a higher-for-longer interest rate state). Mainly, the risk to the Hold CVGI stock thesis is the 2027 EPA emissions regulatory cliff. The 2026 Class 8 volume is a pre-buy scaling that shadows a possible demand vacuum. Along with these, c-suite change after the CFO’s departure and execution risks remain high that are making it hard to tick CVGI stock for new long-positions. What Can Drive Up CVGI's Stock Valuation CVGI stock’s value over the mid-to-long-term may have stuck between an activist-led shift toward high-margin + high-content autonomous/electrical systems and the load of a highly leveraged balance sheet going into a hard 2027 regulatory trucking cliff. To begin with the bullish catalyst (autonomous redundancy-multiplier), the deal win with Amazon’s ( AMZN ) Zoox is beyond a standard supplier contract as CVGI is now an in-production supplier for custom low-voltage wiring harness systems (for bidirectional robotaxis). As per CEO James Ray (in Q1 call), on a safety basis the electrical content in an autonomous vehicle is ~2x-ed. More so, CVGI does not depend on the volume of vehicles produced as there is a high content-per-vehicle multiplier in motion. To answer why, Level 4 and Level 5 autonomous vehicles need fail safe electrical redundancies. To add more on this, CVGI’s global electrical systems segment (that has e...
You can argue about almost every line in a NVIDIA (NASDAQ:NVDA) earnings release. The size, the margins, the customer concentration, the China hole. What you cannot argue about is what happens when a company that did zero CPU revenue last year tells you it expects to do $20 billion in CPU revenue this fiscal year. ... $20 Billion: Inside Nvidia’s VERA CPU Bet to Break the Intel-AMD Duopoly
You can argue about almost every line in a NVIDIA (NASDAQ:NVDA) earnings release. The size, the margins, the customer concentration, the China hole. What you cannot argue about is what happens when a company that did zero CPU revenue last year tells you it expects to do $20 billion in CPU revenue this fiscal year. ... $20 Billion: Inside Nvidia’s VERA CPU Bet to Break the Intel-AMD Duopoly
Whale Rock Capital Management founder and chief executive officer Alex Sacerdote said he expects Anthropic PBC to be headed towards half a billion users. “We are so so early. This is an L curve going straight up,” he said at the Sohn Montreal investment conference, without providing a time frame for the prediction. He added that Anthropic, which makes the Claude chatbot, has jumped from 3 million ...
Whale Rock Capital Management founder and chief executive officer Alex Sacerdote said he expects Anthropic PBC to be headed towards half a billion users. “We are so so early. This is an L curve going straight up,” he said at the Sohn Montreal investment conference, without providing a time frame for the prediction. He added that Anthropic, which makes the Claude chatbot, has jumped from 3 million users to daily active users 14 million quickly. Whale Rock was a “significant investor” in Anthropic’s Series G round earlier this year, the Boston-based firm had earlier disclosed . “Enterprise is the real prize. It hasn’t really started,” he said, adding that the first three years of AI were like a search engine “on steroids.” On Monday, Anthropic confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall. Anthropic, once viewed as an underdog to OpenAI, raised $65 billion in a funding last month at a $965 billion valuation. Despite concerns that soaring valuations have created an AI bubble, Sacerdote dismissed comparisons to the dot-com era. Unlike 1999, when companies such as Cisco traded at more than 100 times forward earnings, today’s AI leaders are generating substantial profits and trade at far lower multiples, he said. The biggest threat to the sector is not economics but regulation, he added, warning that governments could slow innovation if public fears surrounding AI translate into restrictive policies. “Americans don’t seem to like AI,” Sacerdote said. “There’s a lot of not in my backyard. But you won’t be able to stop the trend.” Whale Rock, based in Boston, focuses on tech, media and telecommunications investments.
Driven heavily by the AI ( AIQ ) restructuring effect, U.S. job cuts surged to 97,006 in May. According to the latest Challenger, Gray & Christmas report, the Technology ( XLK ) sector remains the hardest hit, leading all industries with 123,653 year-to-date layoffs. Transportation ( IYT ) follows at 40,388 cuts, with Health Care ( XLV ) rounding out the top three at 30,414. Conversely, the least ...
Driven heavily by the AI ( AIQ ) restructuring effect, U.S. job cuts surged to 97,006 in May. According to the latest Challenger, Gray & Christmas report, the Technology ( XLK ) sector remains the hardest hit, leading all industries with 123,653 year-to-date layoffs. Transportation ( IYT ) follows at 40,388 cuts, with Health Care ( XLV ) rounding out the top three at 30,414. Conversely, the least affected sectors so far in 2026 are Utility ( XLU ) at 559 cuts, Real Estate ( XLRE ) (299 cuts), and Legal, which recorded zero layoffs. Despite May's monthly spike, total YTD cuts stand at 397,755—a sharp 43% decrease from last year. Seeking Alpha More on the U.S. Economy Single Stock Volatility Jumps To A Record Vs. The VIX Index Hyperscaler's CDS Fears Are Rising Semis Versus Software: Should You Follow The Investment Giants And Their 13-F Actions? Most & least shorted mid- to mega-cap REIT stocks: Who tops the screen in May? Small-cap REIT stocks split in May: NTST tops most-shorted list, BXDC ranks least shorted
The pharmaceutical industry is highly technical and incredibly competitive. That is on clear display right now in the GLP-1 weight-loss space. These are newly introduced drugs, but first-to-market Novo Nordisk (NYSE:NVO) has already been unseated as the GLP-1 leader by Eli Lilly (NYSE:LLY) . What's also notable is that Eli Lilly is openly telling Wall Street what it is doing with its success: Fund...
The pharmaceutical industry is highly technical and incredibly competitive. That is on clear display right now in the GLP-1 weight-loss space. These are newly introduced drugs, but first-to-market Novo Nordisk (NYSE:NVO) has already been unseated as the GLP-1 leader by Eli Lilly (NYSE:LLY) . What's also notable is that Eli Lilly is openly telling Wall Street what it is doing with its success: Funding acquisitions. While Novo Nordisk was first to market with GLP-1 weight-loss drugs , it faced supply constraints. That opened the U.S. market up to generic competition earlier than normal, hampering the company's success. And it created a big opening for Eli Lilly's Mounjaro and Zepbound, which are more effective than Novo Nordisk's Wegovy. Image source: Getty Images. Continue reading
Health Catalyst ( HCAT ) on Thursday said it has signed a definitive agreement to divest Vitalware and the Vitalware business unit, its mid-revenue cycle business, to Med-Metrix for a total consideration of $147 million in cash. Shares of the company were up 33% premarket. "Health Catalyst expects the transaction to strengthen its balance sheet and provide increased financial flexibility to priori...
Health Catalyst ( HCAT ) on Thursday said it has signed a definitive agreement to divest Vitalware and the Vitalware business unit, its mid-revenue cycle business, to Med-Metrix for a total consideration of $147 million in cash. Shares of the company were up 33% premarket. "Health Catalyst expects the transaction to strengthen its balance sheet and provide increased financial flexibility to prioritize the core technology and AI investments," it said. The company plans to use net proceeds from the divestiture upon closing, combined with cash on hand, to fully repay and terminate its existing senior secured term loan facility of about $160 million of outstanding principal as of March 31, 2026, plus additional amounts in interest, prepayment premiums and costs. The transaction is expected to close this year. Press release More on Health Catalyst Health Catalyst, Inc. (HCAT) Q1 2026 Earnings Call Transcript Health Catalyst, Inc. (HCAT) Q4 2025 Earnings Call Transcript Health Catalyst outlines $260M-$265M 2026 revenue outlook backed by Project Nexus $30M run-rate savings Health Catalyst Non-GAAP EPS of $0.02 beats by $0.01, revenue of $70.76M beats by $1.57M Seeking Alpha’s Quant Rating on Health Catalyst
Microsoft ( MSFT ) AI CEO Mustafa Suleyman said that the lower pricing for its artificial intelligence models gives it an advantage over competitors such as Anthropic ( ANTHRO ), according to Bloomberg. "Anthropic is extremely expensive, and I think many people are urgently looking for alternatives," Suleyman said in an interview, according to the report . The statement comes the same week Microso...
Microsoft ( MSFT ) AI CEO Mustafa Suleyman said that the lower pricing for its artificial intelligence models gives it an advantage over competitors such as Anthropic ( ANTHRO ), according to Bloomberg. "Anthropic is extremely expensive, and I think many people are urgently looking for alternatives," Suleyman said in an interview, according to the report . The statement comes the same week Microsoft unveiled seven new AI models during its Build conference. The company said its new coding model can match the abilities of Anthropic's Opus 4.6, but at a lower cost. "We pay a lot of money to Anthropic—so our goal is to reduce and ultimately eliminate that cost," Suleyman added. Microsoft has been a primary backer of Anthropic's chief rival, OpenAI ( OPENAI ). Their terms of agreement had limited Microsoft from developing its own frontier models. However, those terms were renegotiated in April, sending Suleyman's research team off to the AI races. Many experts in the industry note that most AI providers have been offering usage of their models at a reduced rate in order to entrench a customer base. However, those days are almost over. "We are in the era of subsidies for AI," Appian ( APPN ) CEO and co-founder Matt Calkins said during an interview with Seeking Alpha. "They are currently being offered to consumers at much less than it cost to create them. That will eventually change, and people will need to be more judicious. When OpenAI and Anthropic go public, these prices will probably increase substantially." Anthropic confidentially submitted its draft initial public offering prospectus to the U.S. Securities and Exchange Commission earlier this week. OpenAI is expected to file any day now. SpaceX ( SPCX ), which recently merged with xAI, filed its IPO in May. More on Microsoft and Anthropic Anthropic: A Strong Buy And Not As Expensive As Many Think Microsoft's Core Internal Conflict Continues To Significantly Cap Upside Microsoft: The Best Opportunity In The Mag 7 Mi...
SweetBunFactory MaxLinear ( MXL ) was in focus on Thursday as Stifel upped its price target to $105 from $49, as the firm said MaxLinear's growth story is picking up speed. “We believe the company’s continued sequential growth exhibited in its 1Q26 print and materially above-seasonal 2Q26E guide validates our thesis for more consistent and sustainable q/q growth rates entering CY26E,” analyst Tore...
SweetBunFactory MaxLinear ( MXL ) was in focus on Thursday as Stifel upped its price target to $105 from $49, as the firm said MaxLinear's growth story is picking up speed. “We believe the company’s continued sequential growth exhibited in its 1Q26 print and materially above-seasonal 2Q26E guide validates our thesis for more consistent and sustainable q/q growth rates entering CY26E,” analyst Tore Svanberg wrote in a note to clients. “We highlight particularly strong sequential growth in Infrastructure, even as MXL stands to benefit from longer-term secular drivers in Broadband and Connectivity. Within Infrastructure, we highlight a number of new program ramps over the NT and LT, including Cloud/Data Center (“Keystone/ Rushmore”PAM4 DSPs), 5G Wireless (4x4, 8x8 5G “Sierra” radios, wireless backhaul), and Enterprise/DC Storage (“Panther”). Other growth drivers span Connectivity (Ethernet, WiFi 6/6E/7) and Broadband (fiber PON) applications. Coupled with a cost structure that has been realigned to current revenue levels, we believe there is significant leverage in the company’s operating model even as 2Q25 did, in fact, mark a return to positive FCF generation (+$9.3mn/9% of revenue). While the ongoing SIMO arbitration remains a near-term overhang (CY26E time frame), we view the company’s financial stabilization; (return to sustainable growth rates; and clear leverage to the AI/DC upcycle, to be the primary [near-term] drivers in MXL shares.” More on MaxLinear MaxLinear: Why The April Rally Was Only The Opening Move MaxLinear: Underappreciated AI Infrastructure Play With Major Upside Potential MaxLinear: Re-Rated Too Far, Too Fast MaxLinear, GCT Semiconductor partner on 5G FWA & converged gateways MaxLinear rallies on Edgecore deal to expand AI networking reach
Planet Labs PBC ( NYSE: PL ) on Thursday said that its subsidiary, Planet Labs Federal, received a one-year, $22 million contract extension from the U.S. National Geospatial-Intelligence Agency (NGA) for maritime surveillance services and was also awarded a new contract to support crisis response monitoring. The $22 million award represents the first option-year extension under the NGA's Luno B co...
Planet Labs PBC ( NYSE: PL ) on Thursday said that its subsidiary, Planet Labs Federal, received a one-year, $22 million contract extension from the U.S. National Geospatial-Intelligence Agency (NGA) for maritime surveillance services and was also awarded a new contract to support crisis response monitoring. The $22 million award represents the first option-year extension under the NGA's Luno B contract for Advanced Analytics for Maritime Operations and Reconnaissance. Under the agreement, Planet will continue providing maritime domain awareness services, including the detection of ship-to-ship transfers and other maritime activity. Separately, the company said it was awarded a contract by the NGA, in partnership with the Defense Innovation Unit, to provide its Global Monitoring Service, which uses satellite imagery and analytics to support crisis response and situational awareness efforts. Financial terms of the new Global Monitoring Service contract were not disclosed. Source: Press Release More on Planet Labs Planet Labs: Near-Term Risk/Reward Skewed To The Downside Planet Labs: A Long-Term Buy At The Right Price Planet Labs Looks Strong, But I Think Expectations Are Running Hot Planet Labs Q1 2027 Earnings Preview AST SpaceMobile sinks 18%, leading space stocks lower after Blue Origin rocket explosion
seb_ra/iStock via Getty Images Investment thesis Accenture ( ACN ) is a victim of the software sell-off, affected by market's concerns that AI will be able to do what software companies do. In the consulting context, AI automates junior consulting work, clients use that productivity data to renegotiate fees, the headcount-to-revenue model breaks down, and hence the premium multiple that the stock ...
seb_ra/iStock via Getty Images Investment thesis Accenture ( ACN ) is a victim of the software sell-off, affected by market's concerns that AI will be able to do what software companies do. In the consulting context, AI automates junior consulting work, clients use that productivity data to renegotiate fees, the headcount-to-revenue model breaks down, and hence the premium multiple that the stock carried for a decade evaporates. The problem with this argument is that the evidence, drawn from Accenture's own filings, McKinsey's enterprise AI research, and the behavior of leading indicators like bookings quality and revenue per employee, does not support it. And I expect it to be impressive in next quarter's earnings and impress investors with numbers. The stock now trades at approximately 18x normalized free cash flow, a level last seen when Accenture was a slower-growing, pre-AI-pivot business. My base case is that this is a significant mispricing based on a straightforward rationale: AI transformation is proving far more complex and consultant-intensive than the disruption narrative assumes, and the record bookings, rising revenue per employee, and an advanced AI pipeline scaling from $3B to $5.9B in a single year all point in the same direction. I rate Accenture a Buy with a price target of $260. AI will not disrupt consulting businesses McKinsey 's most recent state of AI research shows that only 40% of companies report any enterprise-level EBIT impact from their AI initiatives, despite 80% deploying AI in at least one function. The gap between deployment and value realization is precisely the integration and change management problem that large systems integrators exist to solve. The research shows that mostly marketing and HR functions are feasible to be transformed by AI, while operations, IT, and finance are less likely - this is where Accenture focuses on. A company running SAP S/4HANA across 50 countries, staffed by 100,000 people with different data govern...