Key PointsIBM shares dropped 13% on Feb. 23, on fears that Anthropic's Claude Code AI would accelerate COBOL modernization and undermine the mainframe business.
Key PointsIBM shares dropped 13% on Feb. 23, on fears that Anthropic's Claude Code AI would accelerate COBOL modernization and undermine the mainframe business.
Lunai Bioworks ( LNAI ) said on Thursday it had executed a binding $20M strategic transaction to acquire blood-brain barrier ( BBB ) delivery technology and CNS Alzheimer’s drug assets from Clemann Group. The transaction is structured as Series B convertible preferred stock at a fixed conversion price of $1.50 per share, subject to a 19.9% beneficial ownership cap. The acquisition adds a delivery ...
Lunai Bioworks ( LNAI ) said on Thursday it had executed a binding $20M strategic transaction to acquire blood-brain barrier ( BBB ) delivery technology and CNS Alzheimer’s drug assets from Clemann Group. The transaction is structured as Series B convertible preferred stock at a fixed conversion price of $1.50 per share, subject to a 19.9% beneficial ownership cap. The acquisition adds a delivery platform that enables therapeutics to reach the brain, strengthening its CNS Alzheimer’s pipeline and expanding its ability to develop treatments across a range of neurological disorders. Shares +10%. More on Lunai Bioworks Inc. Lunai Bioworks Inc. (LNAI) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Financial information for Lunai Bioworks Inc.
design master Wells Fargo started coverage on Rush Street Interactive ( RSI ) with an Overweight rating on Thursday. Analyst Zachary Silverberg and his team are favorable on the leisure stock as it overindexes to iGaming and has a history of strong operations. The firm sees upside to Street estimates on Rush Street (RI) due to optionality from state legalization plus growth potential with the Lati...
design master Wells Fargo started coverage on Rush Street Interactive ( RSI ) with an Overweight rating on Thursday. Analyst Zachary Silverberg and his team are favorable on the leisure stock as it overindexes to iGaming and has a history of strong operations. The firm sees upside to Street estimates on Rush Street (RI) due to optionality from state legalization plus growth potential with the Latin America business. Rush Street Interactive ( RSI ) is seen as differentiated in the casino/gaming sector due to its differentiated iCasino-first approach and lack of emphasis on competing with the large online sports betting operators. "We estimate RSI has a stable ~8% iGaming share in North America, driven by its slot product, differentiated bonusing, and community," wrote Silverberg. Notably, Rush Street ( RSI ) is seen using its OSB product as an acquisition tool with limited promotional spending. Opportunities ahead for Rush Street ( RSI ) beyond Latin America include Alberta and Virginia. Wells Fargo set a price target of $26 on RSI, representing ~20% upside. Shares of Rush Street ( RSI ) pushed 1.8% higher in premarket trading on Thursday. More on Rush Street Interactive Rush Street Interactive: The Casino Strategy Is Working Rush Street Interactive, Inc. 2025 Q4 - Results - Earnings Call Presentation Rush Street Interactive, Inc. (RSI) Q4 2025 Earnings Call Transcript Top-rated casino and gaming stocks amid looming prediction market sports betting ban Nemetschek most oversold mid-cap tech stock amid Middle East crisis
Reflection, a startup that builds open-source large language models and is a member of Nvidia's ( NVDA ) Nemotron Coalition , is currently involved in a $2.5B funding round, according to The Wall Street Journal . The company has been called the "DeepSeek of the West" since it provides open LLMs that are an alternative to DeepSeek ( DEEPSEEK ), which stunned tech markets when it released its R1 mod...
Reflection, a startup that builds open-source large language models and is a member of Nvidia's ( NVDA ) Nemotron Coalition , is currently involved in a $2.5B funding round, according to The Wall Street Journal . The company has been called the "DeepSeek of the West" since it provides open LLMs that are an alternative to DeepSeek ( DEEPSEEK ), which stunned tech markets when it released its R1 model in January 2025. The Brooklyn-based startup is currently valued at $25B, according to the report . JPMorgan Chase ( JPM ) is expected to participate in the new funding round. Reflection is focused on building LLMs for the U.S. and its allies around the globe, the report said. It is currently working on a customized model in Korean for Shinsegae Group, a South Korean conglomerate and retailer. Last year, the company completed a $2B fundraising round; contributors included B Capital, Citi, CRV, Disruptive, DST, Eric Schmidt, Zoom Ventures, Lightspeed, NVIDIA, Sequoia, and 1789 Capital. The company was founded in early 2024 by Misha Laskin and Ioannis Antonoglou, both former researchers for Google DeepMind ( GOOG )( GOOGL ). More on Nvidia Nvidia: The Market Is Wrong, Time Will Tell Nvidia: Sky Isn't The Limit... Anymore Wall Street Lunch: Huang, Zuckerberg, Ellison Join Trump's Tech Council Lumentum plans new U.S. plant to produce lasers for AI data centers, Nvidia to be customer AMD, Intel lead chip stocks higher amid reports of price hikes
Jonathan Kitchen/DigitalVision via Getty Images IonQ, Inc ( IONQ ) reported 2025 earnings last month, and the results came in eerily close to the projections in my previous article written in September of last year. In that article, I pieced together all known acquisitions made by IonQ at the time, along with a rough estimate of organic growth, to come to a best guess of their 2025 and 2026 revenu...
Jonathan Kitchen/DigitalVision via Getty Images IonQ, Inc ( IONQ ) reported 2025 earnings last month, and the results came in eerily close to the projections in my previous article written in September of last year. In that article, I pieced together all known acquisitions made by IonQ at the time, along with a rough estimate of organic growth, to come to a best guess of their 2025 and 2026 revenues. In that same article, I also gave a brief background on the quantum industry as a whole, the strengths and weaknesses of the various quantum computing modalities, adjacent sectors such as quantum networking and sensing, and why I believe IonQ holds a pole position as the only full-stack quantum company providing end-to-end quantum solutions. My view of IonQ's technological and market positions has not changed. With that in mind, I will focus solely on the financial aspects of the company in this update. Review of 2025 Results Back in September of last year, I estimated that IonQ would do $133M of revenue in 2025, excluding interest on their cash balance which I estimated to be $20M. The actual results came in very close at $130M revenue, although if we include actual cash interest of $56M, the total would be $185M which greatly trounced my estimate of $153M. I under-estimated their interest on cash because of an additional capital raise in October that increased IonQ's total cash hoard to a gigantic $3.5B. For 2026, I projected $267 of revenue (again excluding interest on cash) in the September article. IonQ's 2026 guidance came in at $225-245 last month. But given IonQ has a history of sandbagging and then beating the top-end of guidance, I am quite confident that they will meet or beat my previous estimate. My Sep Estimate Official Results 2025 Rev Actual ($M) 133 130 2025 Rev + Int Actual ($M) 153 185 2026 Rev Guidance ($M) 267 225-245 Click to enlarge Let's talk a bit about organic growth. IonQ's CFO Inder Singh said this on the conference call : Importantly, our 20...
(RTTNews) - Shares of Alteogen Inc. (196170.KQ) gained around 6 percent on Thursday's trading in South Korea after the biopharma company announced that it has entered into an exclusive license agreement with Biotechnology company Biogen, Inc. (BIIB) for the development and commer
(RTTNews) - Shares of Alteogen Inc. (196170.KQ) gained around 6 percent on Thursday's trading in South Korea after the biopharma company announced that it has entered into an exclusive license agreement with Biotechnology company Biogen, Inc. (BIIB) for the development and commer
In light of all the chatter about artificial intelligence (AI) stocks being in a bubble, the suggestion makes enough superficial sense. That is, the bulk of the AI industry's investments in its own growth is in the rearview mirror. And perhaps it is. If that's the case, however, someone might want to inform software giant Microsoft (NASDAQ: MSFT) . As of the fiscal second quarter ending in Decembe...
In light of all the chatter about artificial intelligence (AI) stocks being in a bubble, the suggestion makes enough superficial sense. That is, the bulk of the AI industry's investments in its own growth is in the rearview mirror. And perhaps it is. If that's the case, however, someone might want to inform software giant Microsoft (NASDAQ: MSFT) . As of the fiscal second quarter ending in December, its cloud arm's remaining performance obligations stood at $625 billion, more than doubling in size year over year. Continue reading
Iran "Laying Traps" And "Building Up Defenses" On Kharg Island, Preparing For U.S. Ground Attack Iran has recently bolstered its defenses around Kharg Island, anticipating a possible US move to seize the key oil export hub , CNN reported this week . The island is vital to Iran’s economy, handling roughly 90% of its crude shipments, and has become a focal point in escalating tensions. The Trump adm...
Iran "Laying Traps" And "Building Up Defenses" On Kharg Island, Preparing For U.S. Ground Attack Iran has recently bolstered its defenses around Kharg Island, anticipating a possible US move to seize the key oil export hub , CNN reported this week . The island is vital to Iran’s economy, handling roughly 90% of its crude shipments, and has become a focal point in escalating tensions. The Trump administration has explored the option of sending US forces to take control of the island as leverage to pressure Iran into reopening the Strait of Hormuz. But military officials caution that such an operation would carry serious risks. Iran has reinforced the island with additional air defense systems, including portable missiles, and has planted mines along likely landing zones. There is also growing skepticism among US allies and policymakers about whether capturing the island would achieve its broader objective. Even if successful, it may not resolve the wider dispute over energy flows and could instead intensify the conflict. An Israeli source warned that US troops could face attacks from drones and shoulder-fired missiles if they attempt a landing. “I would be very worried about this,” said retired Adm. James Stavridis. “Iranians are clever and ruthless. They will do everything they can to inflict maximum casualties on US forces both on the ships at sea, and especially once ground troops are anywhere in their sovereign territory.” CNN writes that Iran has responded with its own warnings. Parliament speaker Mohammad Bagher Ghalibaf said any attempt to occupy Iranian territory would prompt retaliation against critical infrastructure in the region, adding that US troop movements are under close watch. Despite its relatively small size—about one-third of Manhattan—Kharg Island would require a substantial military operation to capture. US forces in the region include Marine units trained for amphibious assaults, along with airborne troops preparing to deploy. Surveillance has...
imaginima/iStock via Getty Images The last and best paid trade in data center Comfort Systems USA ( FIX ) is a very interesting piece in the data center cycle, since its business model comes from equipment, and this may be one of the reasons why it has been one of the winners in the markets in 2026. And it has not gone unnoticed to me that this company has been beating estimates for several consec...
imaginima/iStock via Getty Images The last and best paid trade in data center Comfort Systems USA ( FIX ) is a very interesting piece in the data center cycle, since its business model comes from equipment, and this may be one of the reasons why it has been one of the winners in the markets in 2026. And it has not gone unnoticed to me that this company has been beating estimates for several consecutive quarters and that this FY25 reported last month closes with revenues of $9.1B (+30% YoY), an EBITDA of $1.45B (+63%), and an EPS of $9.37, which in the latest Q4 was 39% higher than what consensus expected. These are certainly numbers worth understanding where they come from, and the fact is that FIX operates a business model that handles mechanical, electrical, and plumbing systems within buildings. That is, in the context of a data center, we are talking about the company coming into play once the building is constructed to proceed with the different cooling and energy installations inside. FIX With a backlog close to $12B, and as the CFO pointed out in the latest earnings call , due to being a late-cycle player, that is, the backlog coming in today corresponds to between 1y and 2.5y ago due to the prior planning that must be carried out. In short, the investment decisions represent those of 2023 and 2024, not those of today. The reason for this way of operating is that FIX manufactures different mechanical and electrical modules in its own facilities, which are then assembled in the data center, so that both construction time and cost predictability are executed in a controlled environment to provide greater agility to projects. comfortsystemsusa.com And it seems they may fall short due to the capacity expansion planned for the end of 2026 with new facilities in Texas and North Carolina. Are these signed commitments enough to justify this rally? Market has already priced in demanding scenario To properly value FIX, we need to start from the premise that the company...
urfinguss/iStock via Getty Images Investment Thesis Symbotic ( SYM ) is an end-to-end warehousing services provider that just reported its first quarter of GAAP profit. This signals a possible inflection point, with continued profitability and expanded margins. With over 475 patents, their technology is hard to replicate, giving them a solid moat against competitors. New opportunities have come up...
urfinguss/iStock via Getty Images Investment Thesis Symbotic ( SYM ) is an end-to-end warehousing services provider that just reported its first quarter of GAAP profit. This signals a possible inflection point, with continued profitability and expanded margins. With over 475 patents, their technology is hard to replicate, giving them a solid moat against competitors. New opportunities have come up for the company, with diversification, a new acquisition, and their joint venture ramp-up. With a move into healthcare, they are moving away from Walmart ( WMT ) dependence and plan to pursue opportunities in that area. They also acquired Walmart's Advanced Systems and Robotics segment, which gives them space in the micro-fulfillment industry, an industry worth $300 billion in the US alone. Exol is also beginning to deploy, which gives them share in warehouse-as-a-service, which will provide extra profits due to its higher-margin revenue. I believe the current valuation fully takes into account all these factors. Symbotic is beginning to diversify not only its business, but what markets it is operating in. That combined with improved profitability and margins makes it a Buy rating from me. Technology The way Symbotic automates their warehouses is largely done through their SymBots and software that manages routing, sequencing, and planning. This makes the company a one-stop shop for warehouse automation. The company also has over 475 patents , giving it a large IP portfolio. This makes it harder for competition to replicate the technology without sinking money in R&D costs. A recent development on IP is a new partnership with Nyobolt to integrate new battery charging technology into the company's SymBot fleet. By improving charging time, robot productivity increases and reduces the number of robots at each site. Over a longer timeframe, it can lower development costs and increase Symbotic's overall value. Next-Generation Storage In August of last year, Symbotic announced a...
patty_c/iStock Unreleased via Getty Images Shares of Designer Brands ( DBI ) are pinned down in early trading as the latest quarterly results reflected declining comparable sales and flat net revenue, the latter of which missed expectations by $5M. The company also issued FY26 guidance that fell short of estimates. However, thanks to disciplined cost control, the parent company of DSW trimmed its ...
patty_c/iStock Unreleased via Getty Images Shares of Designer Brands ( DBI ) are pinned down in early trading as the latest quarterly results reflected declining comparable sales and flat net revenue, the latter of which missed expectations by $5M. The company also issued FY26 guidance that fell short of estimates. However, thanks to disciplined cost control, the parent company of DSW trimmed its operating loss and widened its gross margin by 280 basis points, both of which reflect “meaningful growth in profitability.” “As we enter fiscal 2026, we remain focused on our strategic priorities, executing the initiatives within our control, and building on the momentum we've established. We believe this focus will drive continued improvement in both sales and profitability over the long term," said Designer Brands CEO Doug Howe. The company reported a loss of $0.31 per share in the fourth quarter, narrowing from a loss of $0.44 in the same quarter last year and $0.19 better than anticipated. This was achieved on $713.6M in sales versus the consensus estimates of $718.9M. Looking ahead to FY26, Designer Brands ( DBI ) expects sales to be down 1% to up 1%, translating to a range of $2.863B and $2.92B, which is below the $2.98B estimate. Earnings are seen between $0.28 and $0.38 per share, less than $0.42 estimates. Shares are down nearly 15% into Thursday’s open. More on Designer Brands Designer Brands Non-GAAP EPS of -$0.31, revenue of $713.6M; gives FY26 outlook Designer Brands Q4 2026 Earnings Preview Seeking Alpha’s Quant Rating on Designer Brands Historical earnings data for Designer Brands Dividend scorecard for Designer Brands