CrowdStrike's (CRWD) Q1 FY27 financial disclosures reveal a structural disconnect between operational excellence and equity pricing mechanisms. The central takeaway is not the revenue beat or the pending July 2026 4-for-1 stock split. The fundamental insight is that CrowdStrike has reached a valuation plateau where record execution is increasingly challenged by the mathematical constraints of its own premium.

Orla Mining trades below industry peers as strong Q1 growth, rising estimates and the Equinox Gold merger offset cost and mine-halt concerns.

Unsupervised rides mark another step in Tesla's autonomous driving push.

Palantir Technologies Inc. Showcases Customer Deployments of Foundry, Aip, Ontology, and Apollo in Production with Kirkland & Ellis, Mccarthy Building, U.S. Department of Agriculture, Hertz, Nscale, Accenture, and Parts Town marketscreener.com

全球交易量排名第二的加密货币交易所Bybit近日宣布，已正式整合由Anchorage Digital Bank发行的美元稳定币USDPT，成为首家加入西联汇款全球USDPT网络的主流加密货币交易所。 USDPT运行于Solana区块链之上，与美元1：1锚定并可赎回，储备资产由美国国家信托银行Anchorage Digital Bank持有。通过此次整合，符合条件的用户可通过Bybit的“一键购买”功能，使用支持的法币购买USDPT，或将其兑换回当地货币。该服务将率先在拉丁美洲部分市场上线。 西联汇款数字资产主管Malcolm Clarke表示：“通过Bybit这样的全球领先交易所提供USDPT，是将西联汇款网络延伸至数字资产生态系统的重要一步。”Bybit法币业务副主管Victoria Kilikyan则指出，当一家传统金融机构与主流加密货币交易所联手，正表明加密资产作为支付基础设施的潜力正在被认可。 此次整合将USDPT购买到法币出金的交易时间从数天缩短至数分钟。USDPT是西联汇款数字资产战略的核心组成部分，旨在建立与仅在工作日运作的传统SWIFT网络并行的全天候结算层，实现7x24小时实时交割。 西联汇款此前已在2026年第一季度财报中透露，公司正在围绕USDPT构建包含数字资产网络和“稳定卡”在内的三支柱战略。USDPT的发行标志着这家拥有175年历史的汇款巨头正加速向数字资产领域转型。 责任编辑：张俊 SF065

Pinterest said on Thursday it would pay Amazon Web Services $4 billion for ‌cloud services through 2031, as the social media ‌company strengthens a long-term partnership with its largest-ever deal. Shares of Pinterest ​were up nearly 5%, while those of Amazon rose 1.7%. Amazon.com's cloud computing unit will provide Pinterest its custom chip processors, including Graviton and Trainium, to help ‌scale its AI initiatives.

Micron Technology Stock Slides 7% as Company Shifts to Long Term Customer Contracts Amid AI Memory Shortages TIKR.com

我国制造业领域外资准入限制已全面“清零”，服务业是进一步扩大开放的重要阵地。 我国电信领域对外开放取得重要阶段性成果。 工业和信息化部表示，自2025年2月首批增值电信业务经营试点批复发放以来，已有166家外资企业获得批复，相关企业可依法开展互联网数据中心、互联网接入服务、信息服务等增值电信业务。 目前，全国外商投资电信企业超3100家，其经营范围已覆盖《电信业务分类目录》全部10项增值电信业务，将为我国消费者带来更加多元的电信服务和产品，进一步构建开放活跃市场生态。 我国制造业领域外资准入限制已全面“清零”，服务业是进一步扩大开放的重要阵地。商务部副部长鄢东日前在国新办发布会上表示，下一步，将有序扩大电信、互联网、教育、文化、医疗等服务业领域自主开放，稳妥实施增值电信、生物技术、外商独资医院等开放试点，支持服务业外资企业延伸价值链，并在已开放的领域保障外商投资“既准入又准营”。 持续推动电信领域对外开放 我国电信业务主要分为基础电信业务和增值电信业务，增值电信业务通常指利用公共网络基础设施提供附加的电信与信息服务，如互联网数据中心、电子商务以及信息服务等。 2024年，工业和信息化部发布《关于开展增值电信业务扩大对外开放试点工作的通告》，提出在北京市服务业扩大开放综合示范区、上海自由贸易试验区临港新片区及社会主义现代化建设引领区、海南自由贸易港、深圳中国特色社会主义先行示范区率先开展试点，取消互联网数据中心等增值电信业务的外资股比限制。 2025年2月，工业和信息化部向首批13家外资企业发放增值电信业务经营试点批复，相关企业按照批复内容，可开展互联网接入、信息服务等增值电信业务。 中国信息通信研究院副院长王志勤表示，我国电信业对外开放迈入新阶段，开展增值电信业务扩大对外开放试点工作有利于丰富信息通信市场的产品和服务供给，激发企业创新活力，为消费者提供更多选择。同时，在自由贸易港、自由贸易试验区等试点，将更好发挥改革开放综合试验平台作用，进一步积累电信业开放经验，构筑立体化制度和安全监管体系，为在更大范围内开放奠定基础。 工业和信息化部表示，将持续推动电信领域对外开放，积极营造市场化、法治化、国际化营商环境，支持更多符合条件的外资企业进入我国电信市场，探索更多新业态，助力构建更高水平开放型经济新体制。 相关试点已取得积极成果。以上海为例，2024年10月，上海首批获...

Broadcom Stock Price Forecast: Why Did Avgo's Price Plunge? Can It Rise to $1000 in the Future? TradingKey

依托中国成熟且完善的产业链和供应链，庞大的医疗、工业等应用场景催生出越来越契合真实需求和痛点的创新。 “这项技术将传统外科开胸手术转变为介入式手术，创口仅5毫米穿刺孔，患者隔天就可以出院。” 上海汇禾医疗首席技术官CTO徐军在6月4日的上交会探营中告诉第一财经，这一“中国首款”介入三尖瓣器械本质上是手术方式的根本改变，整个器械包含了17个精密的加工件，设计要求达到丝米级。和外资同类产品需要17个锚钉相比，这款中国自主研发的产品仅需一个锚钉，这将让手术耗时大幅缩短。 行业数据显示，中国每年新增超过10万名需要手术治疗的三尖瓣患者。这类患者开胸手术风险极高，急需介入治疗产品。与此同时，超过50万的心脏瓣膜存量患者均需要以介入方式进行治疗。 图为汇禾医疗案例展示 缪琦/摄 不只上述案例，依托中国成熟且完善的产业链和供应链，庞大的医疗、工业等应用场景催生出越来越契合真实需求和痛点的创新，今年上交会也将有多个这样的“硬科技”首秀。其背后的专精特新团队正推动着中国创新链的升级。 从“痛点”出发，商业化应用加速 由中国企业自主研发的AI智能表面处理解决方案，聚焦在工业自动化中最难的环节之一：打磨抛光。一方面，年轻人不愿进工厂，更不愿从事这一岗位；即便熟练工月薪开到2万~3万元，依然招不到人；另一方面，粉尘吸入、听力损伤等职业伤害难以避免。由此，能够逐步替代人工的AI智能表面处理解决方案应运而生。 面对用工困境，索菲丝智能科技的林仕聪向第一财经表示，这一环节的自动化需求非常迫切，但实现难度也高。他介绍，公司最大的优势是为设备装上了多维度感应器，可以一边打磨一边采集工业数据，最终通过软件对整个打磨过程进行控制与分析，就像一位老师傅在操作，做到“脑眼手一体”协同。目前，该AI智能解决方案的打磨精度可控制在0.8微米以内，效率比传统方式提升约50%。 基于这些智能终端，柔性制造也被重新定义。林仕聪说，产品操作不依赖编程人才，“刚毕业的中专生经过1~2天专业培训，也能学会操作。做过的产品，被记忆在机器人软件大脑里，后续也无需重复调试”。 图为索菲斯案例展示 缪琦/摄 在6月3日举行的新闻发布会上，上海市商务委副主任周岚介绍，今年上交会将聚焦首发首展，凸显科技创新策源功能。本届上交会共有高新技术企业、专精特新企业、瞪羚企业236家，聚焦数智化、绿色化转型，在先导产业、新兴支柱产业、未来产业等...

Real Brokerage Inc．宣布，纽约精品房地产团队NŌVEM Real Estate已正式加盟，进一步扩大了Real在曼哈顿、布鲁克林、皇后区、长岛和威斯特彻斯特县等关键市场的业务版图。 NŌVEM由Ethan Leifer领导，是一支拥有10名经纪人的精品团队，服务于从日常购房者到豪华客户的广泛客群。该团队前身是约两年半前创立的74 West，近期更名为NŌVEM Real Estate。 在创立自己的经纪公司之前，Leifer曾在Compass领导一支成功的团队。他的愿景是为各个职业阶段的经纪人提供高水平服务和支持，让经纪人能够在获得通常只有顶级团队才能享有的资源的同时，建立和扩展个人品牌。 “我致力于创建一个更具支持性、以经纪人为本的环境，让每个人都能获得成长所需的工具和指导，”Leifer表示，“在寻求规模化发展时，拥有合适的经济模式使我们能够以有意义的方式对经纪人和业务进行再投资。这里的科技和文化真的让我感到震撼。这是一个完整的组合，这些元素才是真正让它脱颖而出的原因。” 在其13年的职业生涯中，Leifer已完成超过10亿美元的房地产交易。Real Brokerage首席增长官Jason Cassity表示：“NŌVEM代表了我们平台上蓬勃发展的那种创业型、经纪人优先的团队。Ethan专注于支持经纪人并建立可扩展、可持续的业务，这与Real的使命高度契合，我们很高兴欢迎他和他的团队加入。” Real Brokerage是一家专注于创新和经纪人文化的房地产科技平台，最近公布的第一季度财务数据显示，公司营收同比增长32%至4.656亿美元，调整后EBITDA增长80%至1490万美元。截至5月初，Real平台上的经纪人数量已超过33，900人。公司近期还宣布达成收购RE/MAX Holdings的最终协议，拟组建Real REMAX Group。 责任编辑：张俊 SF065

JHVEPhoto Oracle ( ORCL ) is set to report its upcoming fourth-quarter results on June 10, and the tech giant is likely to show strength in its cloud computing unit and a greater focus on return on invested capital, Citi said. “We expect in-line but accelerating IaaS growth as our management touchpoints and read-throughs suggest no major timing issues,” Citi analyst Tyler Radke wrote in a note to clients. “We see modest upside to consensus FY27 EPS(CitiE $0.10/1% above), and believe street is significantly mis-modeling gross margins +opex(both too high) given ramping capex and recent RIFs+cost cutting initiatives. On model changes, we trim our OpEx estimates yielding -1% CAGR, offset by adding in updated lease assumptions. Our FY28-30 EPS comes down slightly (2-3%) but remains largely ~in-line targets and slightly ahead of consensus. We maintain our Buy rating lifting TP slightly to $330 (~20x FY30 EPS) on recent multiple expansion. While investor concerns linger on financing/execution of capacity buildouts, we believe ORCL remains on track to deliver one of the strongest revenue/EPS accelerations in tech as large AI contracts ramp.” Radke has a Buy rating on Oracle and slightly raised his price target to $330 from $320. A consensus of analysts expects Oracle to earn $1.96 per share on $19.1B in revenue. More on Oracle Oracle: Profit From Others' Speculation, Stick To Intrinsic Value (Downgrade) Oracle Q4 Preview: AI Infrastructure In Focus As Sentiment Turns Positive Oracle: The Easy Short Is Gone (Rating Upgrade) Most and least shorted tech stocks over $2B market cap as of May SA analyst upgrades/downgrades: MU, JBLU, PYPL, ORCL

JHVEPhoto Oracle ( ORCL ) is set to report its upcoming fourth-quarter results on June 10, and the tech giant is likely to show strength in its cloud computing unit and a greater focus on return on invested capital, Citi said. “We expect in-line but accelerating IaaS growth as our management touchpoints and read-throughs suggest no major timing issues,” Citi analyst Tyler Radke wrote in a note to clients. “We see modest upside to consensus FY27 EPS(CitiE $0.10/1% above), and believe street is significantly mis-modeling gross margins +opex(both too high) given ramping capex and recent RIFs+cost cutting initiatives. On model changes, we trim our OpEx estimates yielding -1% CAGR, offset by adding in updated lease assumptions. Our FY28-30 EPS comes down slightly (2-3%) but remains largely ~in-line targets and slightly ahead of consensus. We maintain our Buy rating lifting TP slightly to $330 (~20x FY30 EPS) on recent multiple expansion. While investor concerns linger on financing/execution of capacity buildouts, we believe ORCL remains on track to deliver one of the strongest revenue/EPS accelerations in tech as large AI contracts ramp.” Radke has a Buy rating on Oracle and slightly raised his price target to $330 from $320. A consensus of analysts expects Oracle to earn $1.96 per share on $19.1B in revenue. More on Oracle Oracle: Profit From Others' Speculation, Stick To Intrinsic Value (Downgrade) Oracle Q4 Preview: AI Infrastructure In Focus As Sentiment Turns Positive Oracle: The Easy Short Is Gone (Rating Upgrade) Most and least shorted tech stocks over $2B market cap as of May SA analyst upgrades/downgrades: MU, JBLU, PYPL, ORCL

格隆汇6月4日｜谷歌宣布在德克萨斯州格雷和罗伯茨县新建一座数据中心并进行能源投资。

知名律所Robbins Geller Rudman & Dowd LLP周四宣布，动物保健巨头硕腾（Zoetis）公司因涉嫌在核心产品需求方面误导投资者，面临证券集体诉讼。在2025年1月14日至2026年5月6日期间购入该公司股票的投资者，有机会在2026年7月27日前申请担任集体诉讼的首席原告。 诉讼的核心争议围绕硕腾伴侣动物业务的数款旗舰产品展开。诉状指控称，在整个诉讼期内，硕腾未能向投资者披露以下关键不利信息：其一，其犬类疼痛治疗药物Librela的兽医处方增 长和 采用率正在急剧减弱，原因是美国食品药品监督管理局此前就该药物可能导致犬类严重神经系统并发症发布了安全警告，致使兽医在开具处方时变得更加谨慎。 其二，硕腾的旗舰寄生虫防治产品Simparica Trio在一个增速放缓的整体市场中，正在将大量市场份额让给一款价格更低、适应症更广的竞品。其三，其皮肤病产品Apoquel和Cytopoint也正将大量市场份额输给一款新推出的竞品。 诉状详细列出了硕腾在诉讼期内数次财务披露后股价暴跌的情况：2025年8月5日，硕腾发布第二季度财报，显示伴侣动物业务需求趋势疲软，股价当日下跌近4%。2025年11月4日，第三季度财报披露核心业务增长放缓并下调全年销售展望，股价大跌近14%。2026年5月7日，公司发布第一季度财报，报告伴侣动物业务销售下滑，核心产品线因竞争加剧而表现恶化，同时下调全年利润指引，股价当日暴跌21.5%，收于87.31美元，市值蒸发约120亿美元。 受此影响，多家机构下调了硕腾评级。Argus于5月27日将评级从“买入”下调至“持有”，Stifel也将目标价从105美元下调至95美元。截至6月初，硕腾股价在76美元附近交易，较暴跌前累计跌幅超过30%。本案正在美国纽约南区地区法院审理中。 责任编辑：张俊 SF065

sankai/iStock via Getty Images Amid the sharp and surprising rally in the stock market this year to fresh new heights, one of the biggest themes shaking the market is the downfall of the software industry. With very few exceptions, most of the software space remains in a deep bear market, reversing all of the gains they've made since the post-COVID era. But even within a battered software sector, C3.ai ( AI ) stands out. In the last twelve months alone the company has shed 60% of its value as revenue declined by nearly the same amount on a y/y basis. This leaves many investors wondering: is there any hope of saving this company? Data by YCharts I last wrote a sell article on C3.ai in March , when the stock was trading at $8 per share. Since then, virtually only one factor has held up the stock and boosted shares since then: the return of its founder Tom Siebel, the billionaire founder of Siebel Systems. While we have yet to see concrete evidence of a multi year turnaround in this name, I do think Siebel's return and fresh investment into the stock signal true change, and I'm re-rating my viewpoint on C3.ai upward to neutral. C3.ai is not a company that, at the moment, can be purely judged on fundamentals alone. It's changing its leadership, its operating structure, and its sales process. Amid all of this change, I see a relatively balanced bag of positive and negative drivers for the stock. On the bright side: Siebel's star power and investment into the company stabilizes the near term . Siebel's surprise return and investment into the company's (purchasing 6.17 million shares at $11.16 apiece) signals that there is internal confidence in a turnaround, though time will tell if this is merely a symptom of founders' euphoria and blindness. Deep restructuring and healthier balance sheet. The company has reduced $135 million of operating cost, reducing headcount from over 1,000 employees to around 700. The structure is closer to being right-sized against the company's n...

sompoch sivakosit/iStock via Getty Images 4-Factor Dividend Growth Portfolio The 4-Factor Dividend Growth Strategy is an alternative investment strategy to the popular Schwab US Dividend Equity ETF ( SCHD ). Think of it as having your own custom-tailored version of SCHD designed to align with your personal investment style. If you'd like to know more about the initial strategy design and the structure of the first portfolio, you can read about it in this 4-Factor Dividend Growth Portfolio article . The strategy was first launched on November 1st, 2022. In a nutshell, the strategy leverages the stock selection process of Schwab U.S. Dividend Equity ETF, or rather its underlying index, the Dow Jones US Dividend 100 Index ( DJUSDIV ), with a few minor modifications that tailor the process to align with my growth and quality focus. Since I prefer a more growth-oriented investment style relative to what SCHD's underlying index offers, each month I build my own custom investable universe to which I apply a modified stock selection process. This is a fully rules-based strategy that runs on autopilot. My personal portfolio tracking this strategy is rebalanced with newly identified stocks on November 1st of each year. You can read more about the most recent rebalancing in this article . Stock Selection Strategy The strategy has a simple objective: to identify potentially high-quality companies that stand out among their peers across 4 criteria: The Free Cash Flow to Total Debt Ratio. The 5-Year Dividend Growth Rate. The Return on Invested Capital. The Forward Dividend Yield. The idea behind these specific criteria is quite simple. I favor highly liquid, low-leveraged companies with a history of high returns on invested capital and strong dividend growth. I prefer to lean towards companies that also sport better-than-average dividend yields. Since each of the 4 metrics is equally weighted, the companies that stand out amongst their peers are generally not the best in any sing...

jetcityimage/iStock Editorial via Getty Images Shares of Regal Rexnord ( RRX ) have seen strong returns as of late, as a generally lower valuation, leveraged balance sheet, and raging bull market provide all the right ingredients for this to happen. Last summer I believed that the business was struggling along, given the debt load and lackluster organic growth rates. The aforementioned conditions provided an ideal scenario for a 50% increase in the share price in less than a year's time, certainly as organic growth returned. The re-rating has been driven by the emerging datacenter business, and while this is deserved given the non-demanding valuation from the get-go and leverage overhang disappearing, I fail to be too upbeat. This comes amidst mediocre core business performance, yet other and more promising serial growth plays are covered in greater detail at Value in Corporate Events . A Solid Start To 2026 Early in May, Regal Rexnord reported a just over 4% increase in first quarter sales to $1.48 billion, with organic growth up nearly 2%. The composition of revenues and its growth were widely divergent as the largest industrial powertrain solutions business grew sales by 5% on a reported basis, this making up nearly half of sales, with organic sales up nearly 3%. Automation and motion control reported 12% organic growth rates, this being a $444 million business, offset by 10% organic sales declines at the power efficiency solutions business. The daily orders, however, grew by just over 8% with the backlog up some 6% and change, as the backlog has not been quantified. Rapid order growth was seen within automation, as orders in this segment were up 34%, also driven by the data center boom. While overall sales were up a bit, the same could not be said for margins with adjusted EBITDA of $304 million down five million in dollar terms, as margins were down 120 basis points, to 20.6% of sales. Adjusted earnings rose by two cents to $2.17 per share, with GAAP earnings u...

There are plenty of ways to jump into the generative-AI hardware infrastructure expansion beyond the familiar chip makers and hyperscalers.

AVO faces margin pressure from lower avocado prices and a delayed California harvest, but vertical integration and diversification may cushion the hit.

John M. Chase/iStock Unreleased via Getty Images Introduction It has been more than a year since I last covered Rocket Lab Corporation ( RKLB ) and so today's article will be much more of a fresh perspective rather than an update. As you can see below, my bearishness back in March 2025 hasn't aged too well. I've decided to restart coverage now as the buzz around the new space race has been increasingly intense after the successful Artemis II mission. Furthermore, the SpaceX ( SPCX ) IPO is just around the corner and so I believe it would be a good idea to share my thoughts on Rocket Lab during this highly important time. Seeking Alpha Executive Summary Below, it is shown that Rocket Lab is seeing accelerating growth and robust demand as both governments and enterprises are lining up for their solutions. The company is increasingly becoming a full stack space infrastructure provider and at the same time they are improving margin and narrowing losses. Guidance shows that the near term outlook is solid and Rocket Lab's strong industry position secures their long term growth story. The valuation is shown to be quite elevated at current levels but Rocket Lab's prospects and fundamentals are able to justify the stock's price tag. While I'm bullish on the company, there is likely limited opportunity for investors right now and so a hold rating would be most appropriate in my view. Full Stack Space Infrastructure Rocket Lab Q1 Presentation Given that Rocket Lab was just founded 2 decades ago, the company's reach in space infrastructure is really quite incredible. As you can see above , the company basically has the full stack as they have the ability to launch, they have the spacecrafts, and they have critical subsystems. Having the full stack obviously comes with compatibility advantages and allows them to bring more value to clients more easily. The company is also clearly not done with expanding their space solutions portfolio. In mid April, Rocket Lab acquired Mynaric A...

Luis Alvarez Stock index futures were mixed before the bell on Thursday as Broadcom results disappointed traders, while eyes remained on the Middle East conflict. Here are the four stocks to watch on the day: Palantir Technologies ( PLTR ) rose 2.10% in premarket trading after the company made several announcements at its annual AIPCon event on Thursday. The data analytics firm unveiled a partnership with Google (GOOG, GOOGL) that will integrate Palantir across Google Cloud platforms and make it available on Google Cloud Marketplace. The deal also includes two-way data federation between BigQuery and Foundry, as well as a two-way semantic exchange between Google’s Knowledge Catalog and Foundry’s Ontology. AbbVie ( ABBV ) gained 1.77% in premarket trading after the U.K.'s National Health Service announced it will begin offering the company’s ovarian cancer therapy Elahere. The National Institute for Health and Care Excellence finalized draft guidance recommending the antibody drug conjugate for patients whose disease has progressed despite standard platinum-based chemotherapy and whose tumors express folate receptor alpha. Manchester United ( MANU ) surged 6.11% in premarket trading on reports that members of the Glazer family are in discussions about potentially selling their stake in the English Premier League football club after more than 20 years of ownership. The talks come as the club faces a potential multibillion-pound bill to redevelop its iconic Old Trafford stadium, though its finances were recently boosted by qualifying for the 2026-2027 UEFA Champions League. Netflix ( NFLX ) advanced 1.63% in premarket trading as the streaming giant highlighted its artificial intelligence initiatives. Speaking at the Bloomberg Tech conference in San Francisco, Chief Product and Technology Officer Elizabeth Stone said generative AI capabilities will enable a more personalized, interactive, and immersive experience for viewers navigating content choices. More related stor...

Intel Stock Up 450% in 2026: Here’s What Investors Need to Know TIKR.com

Andy___Gin/iStock via Getty Images Paramount+ ( PSKY ) is expanding its partnership with mixed martial arts organization Ultimate Fighting Championship (UFC) by providing Canadian fans access to all 13 pay-per-view events with a Paramount+ subscription. UFC is part of TKO Group Holdings ( TKO ). Paramount+ currently has multi-territory media rights to UFC events until 2032. “Expanding our partnership into Canada lets us serve a deeply engaged MMA audience while reinforcing what Paramount+ is built for: premium live sports and globally relevant entertainment," said Rodrigo Mazón, the head of Paramount+ direct-to-consumer for Latin America and Canada. Details of 2027 UFC events to be live streamed in Canada will be announced later this year. More on Paramount Skydance Corporation Paramount Skydance: Charging Ahead In The Streaming Arena Paramount Skydance Corporation (PSKY) Presents at MoffettNathanson's Media, Internet & Communications Conference Transcript Paramount Skydance Corporation (PSKY) Q1 2026 Earnings Call Transcript Paramount Skydance asks EU regulators to approve Warner Bros. acquisition A24’s ‘Backrooms’ opens to $81M, leads box office surge

格隆汇6月4日｜苹果公司表示，苹果应用商店生态系统市值已达1.4万亿美元。

路透：DeepSeek 將完成首輪融資騰訊與寧德時代押注 MSN

Ladislav Kubeš/iStock via Getty Images Introduction What better day to report on Marvell ( MRVL ) than after the CEO of Nvidia ( NVDA ) pronounces it the next trillion-dollar market cap company, only 4x to go. If it were only so easy, but alas, the company will need 4x earnings to see that level of performance, which is very doubtful to occur in the next three years. Unlike the steep cyclicality of memory chip prices, Marvell is far more specialized (price-protected) and needs to grow value. Nonetheless, there is a good reason behind Mr. Huang's flattery; he sees significant demand for optical data transmission. As seen in my recent Coherent ( COHR ) and Ciena ( CIEN ) reports, photonics is a strategic, if not large, layer of the AI data center build. Marvell in Photonics The company designs (fabless, outsourced to TSMC) a wide array of merchant chips (standard chips sold across many customers) and ASICs (Application-Specific Integrated Circuits) across diverse applications (networking, storage controllers, Ethernet switching, and optical interconnects). However, since the 2021 Inphi acquisition and accelerating with LLM/AI and ensuing data center build, it has fully pivoted to a AI infrastructure, including cutom XPU accelerators, HBM co-designed with hyperscaler, and connectivity that links it all (optical DSPs, SerDes, etc) As seen in the first flow charts below, Marvell products sit at the start of the optical path, and after the Celestia acquisition , are moving into photonic fabric that moves 0&1 via light vs copper on the chip (second diagram). This is an energy saver more than a latency gain, i.e., far less heat and subsequent cooling and energy needs. And just as important, copper cannot carry the next-generation bandwidth over distances modern rack-scale and clusters require. Optics is a solution for copper's limitations. On the negative side, long-distance fiber optic data transmission that can tie several data centers into a cluster or supercomputer has ...

Broadcom stock fell 16% after a record AI quarter and analyst target hikes. Margins, dilution, and money flow explain the selloff.

MicroStrategy's ( MSTR ) Bitcoin ( BTC-USD ) treasury is under significant pressure, with the position showing an unrealized loss of nearly -$10.8B. The firm’s current Bitcoin balance stands at about $53.09B versus total invested capital of $63.89B, marking a -25.51% YTD decline and roughly -$18.18B value erosion according to The Kobeissi Letter. The realized profit remains minimal at around -$9.5M, while total profit is firmly negative at the portfolio level. So what is driving this sharp drawdown in MicroStrategy? The key pressure comes from Bitcoin ( BTC ) weakness and capital outflows, not just company-specific actions. Bitcoin slipped to nearly $61.3K before stabilizing near $62.6K, hit by ETF outflows of roughly ~$4B since mid-May due to geopolitical tensions and risk-off sentiment. According to Michael Saylor, markets are not breaking but rotating, with nearly $400B flowing into AI infrastructure over 6 months, pulling liquidity away from Bitcoin-linked assets. The weakness has spread across crypto-linked equities, including Coinbase ( COIN ), Circle ( CRCL ), and miners like Marathon Digital ( MARA ), Riot Platforms ( RIOT ), CleanSpark ( CLSK ), Hut 8 ( HUT ), and Core Scientific ( CORZ ), all seeing sharper declines. However, the company remains highly sensitive, now down about 66% over the year, as Bitcoin volatility continues to dictate sentiment across the entire crypto ecosystem. More on Strategy I Won't Quit On Strategy Strategy: Why Buying Bonds Instead Of Bitcoin Is Actually Bullish Strategy's Operating Business Is A Liability, Not An Asset 5 of 7 proxy stocks trail BTC's 12% fall: Investors piled into these 6 miner stocks Playbook changed: Strategy sells $2.5M worth of Bitcoin for the first time in 41 months

Strategy's ( MSTR ) Bitcoin ( BTC-USD ) treasury is under significant pressure, with the position showing an unrealized loss of nearly -$10.8B. The firm’s current Bitcoin balance stands at about $53.09B versus total invested capital of $63.89B, marking a -25.51% YTD decline and roughly -$18.18B value erosion according to The Kobeissi Letter. The realized profit remains minimal at around -$9.5M, while total profit is firmly negative at the portfolio level. So what is driving this sharp drawdown in Strategy? The key pressure comes from Bitcoin (BTC:USD) weakness and capital outflows, not just company-specific actions. Bitcoin slipped to nearly $61.3K before stabilizing near $62.6K, hit by ETF outflows of roughly ~$4B since mid-May due to geopolitical tensions and risk-off sentiment. According to Michael Saylor, markets are not breaking but rotating, with nearly $400B flowing into AI infrastructure over 6 months, pulling liquidity away from Bitcoin-linked assets. The weakness has spread across crypto-linked equities, including Coinbase ( COIN ), Circle ( CRCL ), and miners like Marathon Digital ( MARA ), Riot Platforms ( RIOT ), CleanSpark ( CLSK ), Hut 8 ( HUT ), and Core Scientific ( CORZ ), all seeing sharper declines. However, the company remains highly sensitive, now down about 66% over the year, as Bitcoin volatility continues to dictate sentiment across the entire crypto ecosystem. More on Strategy I Won't Quit On Strategy Strategy: Why Buying Bonds Instead Of Bitcoin Is Actually Bullish Strategy's Operating Business Is A Liability, Not An Asset 5 of 7 proxy stocks trail BTC's 12% fall: Investors piled into these 6 miner stocks Playbook changed: Strategy sells $2.5M worth of Bitcoin for the first time in 41 months