Cymbria ( CYB:CA ) ( CYMBF ) has received TSX approval to make a normal course issuer bid. This permits Cymbria to purchase for cancellation up to 1,556,427 non-voting, non-redeemable Class A shares, representing 10% of its public float of shares as of May 14, 2026. In accordance with TSX rules, Cymbria can purchase a maximum of 313,688 shares during a 30-day period, subject to certain exceptions....
Cymbria ( CYB:CA ) ( CYMBF ) has received TSX approval to make a normal course issuer bid. This permits Cymbria to purchase for cancellation up to 1,556,427 non-voting, non-redeemable Class A shares, representing 10% of its public float of shares as of May 14, 2026. In accordance with TSX rules, Cymbria can purchase a maximum of 313,688 shares during a 30-day period, subject to certain exceptions. More on Cymbria Corporation
French President Emmanuel Macron said on Friday that the government will invest an additional €1 billion (US$1.16 billion) in its quantum strategy and €550 million to support the microelectronics sector, as global powers race to be first to leverage emerging technology. “I’ll say it out loud. We have the means to be the winners of this race,” Macron said while announcing the funding. On Thursda...
French President Emmanuel Macron said on Friday that the government will invest an additional €1 billion (US$1.16 billion) in its quantum strategy and €550 million to support the microelectronics sector, as global powers race to be first to leverage emerging technology. “I’ll say it out loud. We have the means to be the winners of this race,” Macron said while announcing the funding. On Thursday, US President Donald Trump’s administration unveiled plans to take US$2 billion in equity stakes across nine quantum-computing companies to secure US leadership in the technology that is set to become the next frontier after AI. Advertisement Technological breakthroughs have deepened investor interest in quantum computing’s potential to speed up tasks from drug discovery to financial modelling and cryptography. France’s President Emmanuel Macron visits the European Forum on Computing Power, Quantum Sciences and Technologies, and Semiconductors held in the south of Paris on Friday. Photo: via Reuters A “massive” increase in investment has been driven by the realisation of the growing economic importance of computing infrastructure, Theau Peronnin, CEO of Paris-headquartered quantum computing firm Alice & Bob, told Reuters.
Intel (INTC) stock has rallied 3x year-to-date on improving CPU demand and growing optimism around its foundry business. Investors increasingly see Intel Corporation as more than a cyclical PC company. The market is beginning to price in the possibility that Intel could emerge as a meaningful second source for advanced semiconductor manufacturing alongside Taiwan Semiconductor Manufacturing Compan...
Intel (INTC) stock has rallied 3x year-to-date on improving CPU demand and growing optimism around its foundry business. Investors increasingly see Intel Corporation as more than a cyclical PC company. The market is beginning to price in the possibility that Intel could emerge as a meaningful second source for advanced semiconductor manufacturing alongside Taiwan Semiconductor Manufacturing Company. Part of that optimism is geopolitical. Governments and hyperscalers want more advanced chip production located in the United States, particularly for AI infrastructure and defense-related computing. Intel’s manufacturing footprint places it directly in the middle of that shift. But being based in the U.S. can only do so much. The real test is whether Intel can compete on technology, yields, manufacturing scale, and production economics. More importantly, the question is whether Intel can become a foundry that major external customers can rely on consistently at leading-edge nodes. Intel Has Narrowed The Technology Gap Intel’s 18A process represents the company’s most important manufacturing improvement in years and is a major reason investors have become more constructive on the foundry business. For much of the past decade, Intel was viewed as structurally behind TSMC in advanced chip manufacturing. That gap has narrowed meaningfully. Intel’s latest manufacturing technology is designed to improve chip performance while lowering power consumption, two metrics that increasingly matter in AI infrastructure and advanced computing systems where electricity and cooling costs are becoming major constraints. TSMC still maintains an edge in manufacturing efficiency and transistor density, allowing customers to design smaller and more power-efficient chips. However, Intel’s planned 14A process is expected to adopt next-generation High-NA EUV lithography ahead of TSMC’s comparable future nodes. If executed successfully, that could give Intel a temporary technology advantage at the...
Photo by Andrey Matveev on Unsplash Intel (INTC) stock has rallied 3x year-to-date on improving CPU demand and growing optimism around its foundry business. Investors increasingly see Intel Corporation as more than a cyclical PC company. The market is beginning to price in the possibility that Intel could emerge as a meaningful second source for advanced semiconductor manufacturing alongside Taiwa...
Photo by Andrey Matveev on Unsplash Intel (INTC) stock has rallied 3x year-to-date on improving CPU demand and growing optimism around its foundry business. Investors increasingly see Intel Corporation as more than a cyclical PC company. The market is beginning to price in the possibility that Intel could emerge as a meaningful second source for advanced semiconductor manufacturing alongside Taiwan Semiconductor Manufacturing Company. Part of that optimism is geopolitical. Governments and hyperscalers want more advanced chip production located in the United States, particularly for AI infrastructure and defense-related computing. Intel's manufacturing footprint places it directly in the middle of that shift. But being based in the U.S. can only do so much. The real test is whether Intel can compete on technology, yields, manufacturing scale, and production economics. More importantly, the question is whether Intel can become a foundry that major external customers can rely on consistently at leading-edge nodes. Intel Has Narrowed The Technology Gap Intel's 18A process represents the company's most important manufacturing improvement in years and is a major reason investors have become more constructive on the foundry business. For much of the past decade, Intel was viewed as structurally behind TSMC in advanced chip manufacturing. That gap has narrowed meaningfully. Intel's latest manufacturing technology is designed to improve chip performance while lowering power consumption, two metrics that increasingly matter in AI infrastructure and advanced computing systems where electricity and cooling costs are becoming major constraints. TSMC still maintains an edge in manufacturing efficiency and transistor density, allowing customers to design smaller and more power-efficient chips. However, Intel's planned 14A process is expected to adopt next-generation High-NA EUV lithography ahead of TSMC's comparable future nodes. If executed successfully, that could give Intel a t...
Wall Street is looking to round out the week on a high, after rallying Thursday, with the Dow Jones hitting a record above 50,000, while the S & P 500 is eyeing an eighth straight week of gains despite bond market volatility. Asian markets climbed, led by Japan's Nikkei , while major bourses in Europe are also set for a positive end to the trading week. Here are three investment strategies we hear...
Wall Street is looking to round out the week on a high, after rallying Thursday, with the Dow Jones hitting a record above 50,000, while the S & P 500 is eyeing an eighth straight week of gains despite bond market volatility. Asian markets climbed, led by Japan's Nikkei , while major bourses in Europe are also set for a positive end to the trading week. Here are three investment strategies we heard in CNBC's Singapore and London studios on Friday to help navigate the noise. Undervalued Europe Michael Field, Chief Equity Strategist at Morningstar, currently sees an upside of around 5% within European stocks. He cites defense as an attractive sector, despite recent pressure, while sectors like consumer discretionary are "trading at maybe 20% to 25% discount to fair value estimate at the moment." "Healthcare is trading at quite a sizeable discount as well, and even some of the European tech names are actually relatively attractive now at the moment," he adds. Field also says recent dollar weakness "has inadvertently helped European companies", adding that for U.S. investors looking for a diversity angle, there are still "plenty of good opportunities still left in Europe." Trading the IPO summer David Stubbs, Chief Investment Strategist at AlphaCore Wealth Advisory, believes European defense spending is going "to be a mega trend over the next 10 to 15 years," as NATO leaders once again decry the lack of capacity in the industry. He believes this presents a buying opportunity "in the medium term." Stubbs outlined his strategy ahead of what is expected to be a major summer of IPO activity in the U.S., headlined by SpaceX, saying that "a lot of our liquid equity is passive." "We don't particularly want to play this game of trying to game who's going to be in the index, who's not. We want to capture the broad growth that comes from a passive allocation. We want to take active share risk and active management risk in private markets and alternatives at the core of our portfo...
Intel (INTC) stock has rallied 3x year-to-date on improving CPU demand and growing optimism around its foundry business. Investors increasingly see Intel Corporation as more than a cyclical PC company. The market is beginning to price in the possibility that Intel could emerge as a meaningful second source for advanced semiconductor manufacturing alongside Taiwan Semiconductor Manufacturing Compan...
Intel (INTC) stock has rallied 3x year-to-date on improving CPU demand and growing optimism around its foundry business. Investors increasingly see Intel Corporation as more than a cyclical PC company. The market is beginning to price in the possibility that Intel could emerge as a meaningful second source for advanced semiconductor manufacturing alongside Taiwan Semiconductor Manufacturing Company. Part of that optimism is geopolitical. Governments and hyperscalers want more advanced chip production located in the United States, particularly for AI infrastructure and defense-related computing. Intel’s manufacturing footprint places it directly in the middle of that shift. But being based in the U.S. can only do so much. The real test is whether Intel can compete on technology, yields, manufacturing scale, and production economics. More importantly, the question is whether Intel can become a foundry that major external customers can rely on consistently at leading-edge nodes. Intel Has Narrowed The Technology Gap Intel’s 18A process represents the company’s most important manufacturing improvement in years and is a major reason investors have become more constructive on the foundry business. For much of the past decade, Intel was viewed as structurally behind TSMC in advanced chip manufacturing. That gap has narrowed meaningfully. Intel’s latest manufacturing technology is designed to improve chip performance while lowering power consumption, two metrics that increasingly matter in AI infrastructure and advanced computing systems where electricity and cooling costs are becoming major constraints. TSMC still maintains an edge in manufacturing efficiency and transistor density, allowing customers to design smaller and more power-efficient chips. However, Intel’s planned 14A process is expected to adopt next-generation High-NA EUV lithography ahead of TSMC’s comparable future nodes. If executed successfully, that could give Intel a temporary technology advantage at the...
honglouwawa/E+ via Getty Images The dollar’s ( DXY ) losses in the North American afternoon yesterday have been unwound as hopes that a framework for negotiations between the US and Iran have faded again. A drone strike on the UAE, ostensibly from Iranian proxies in Iraq, has helped lift oil prices and the greenback. Yet, stocks and bonds are higher. Still, ahead of the long holiday weekend in the...
honglouwawa/E+ via Getty Images The dollar’s ( DXY ) losses in the North American afternoon yesterday have been unwound as hopes that a framework for negotiations between the US and Iran have faded again. A drone strike on the UAE, ostensibly from Iranian proxies in Iraq, has helped lift oil prices and the greenback. Yet, stocks and bonds are higher. Still, ahead of the long holiday weekend in the US and UK, risk appetites may be limited, as the risk of US strike on Iran seems to have risen. In the US, Warsh will be sworn in as the next Fed Chair, and at 10:00 am ET, Governor Waller addresses the economic outlook. The final University of Michigan consumer confidence report typically does not elicit as much of a response as the initial reading. The US Treasury market closes early today, ahead of the holiday, and liquidity will fall off in the North American afternoon. The US dollar is consolidating in narrow ranges with a slightly firmer bias. Prices G10 • The euro was sold to a new marginal low since April 7 yesterday in what appeared to be a response to the stronger-than-expected US May PMI. It was the only one among the high-income countries that did not fall. The euro slipped through the $1.1580 support area by a few hundredths of a cent. It recovered to about $1.1630 on reports that suggested an agreement between the US and Iran has been struck (again). The euro settled above $1.1600. However, the hopes of an agreement have not been sustained, and the euro is trading with a heavier bias between about $1.1595 and $1.1620. • Since the BOJ’s intervention on April 30, the yen has strengthened in only three of the 15 sessions coming into today. The dollar rose to a new high for the month yesterday near JPY159.35. It has been capped at JPY159.15 today but has not traded below JPY158.90. We note that the US 10-year premium over Japan is hovering near four-year lows around 180 bp. It was around 290 bp at the end of May 2025. In the first 20 weeks of the year, Japanese i...
Koonsiri Boonnak/iStock via Getty Images The recent spike in fuel prices has left many families and individuals scrambling to budget for their necessities, including fuel. This financial pinch is most acutely felt by the lower-income brackets, but some pawn shop owners around the country are now reporting that even those in the middle-income bracket are also feeling some strain. Abigail Mielcarek,...
Koonsiri Boonnak/iStock via Getty Images The recent spike in fuel prices has left many families and individuals scrambling to budget for their necessities, including fuel. This financial pinch is most acutely felt by the lower-income brackets, but some pawn shop owners around the country are now reporting that even those in the middle-income bracket are also feeling some strain. Abigail Mielcarek, co-founder of Abby’s Pawn and Coin in Santa Rosa, California, spoke with The Financial Post and said the following: “Expensive watches are coming in a little bit more frequently,” She continued by saying: “Some of the people who have more money are also feeling what’s going on.” Now, some might be tempted to discount this as just one individual's personal perspective, but stories like this add up when one considers the level of growth in pawn loans that major players in the space, such as EZCORP ( EZPW ), have seen recently. EZCORP Sees Record-Breaking Levels of Pawn Loans Outstanding According to their Q2 2026 earnings report , EZCORP saw a 31% YoY increase in the volume of pawn loans outstanding, or PLO, for a total of $342.1 million worth of loans. To put this in context, EZCORP has seen its PLO figures grow each year over the last several years. However, the pace of growth remaining as high as it has off of such a large base of loans is eye-opening. Take a look at the volume of PLOs that EZCORP has held over the last several years: Year Volume of PLO 2020 ~$148M 2021 ~$176M 2022 ~$210M 2023 ~$245.8M 2024 ~$274.1M 2025 ~$307.5M 2026 (Through Q2) ~$342.1M Click to enlarge The figures have just continued to climb, and even the percentage growth remains staggeringly impressive off such a large base to begin with. Management has seen the trends and notes that the company benefits both from consumers seeking access to quick funds, as well as others looking for pre-owned items at a discount. During the earnings call , management said the following: For consumers who need imme...
Deep in Charing Cross underground station, in the disused terminus of the Jubilee line, a secret Nato command bunker has this week been discreetly at work. Dozens of mostly British soldiers were engaged in a war game defending Estonia from a Russian invasion in 2030, unbeknownst to commuters and tourists bustling above. The secret chambers are behind two sets of normally locked, metal double doors...
Deep in Charing Cross underground station, in the disused terminus of the Jubilee line, a secret Nato command bunker has this week been discreetly at work. Dozens of mostly British soldiers were engaged in a war game defending Estonia from a Russian invasion in 2030, unbeknownst to commuters and tourists bustling above. The secret chambers are behind two sets of normally locked, metal double doors. A red glow at the bottom of the escalator beyond is the first sign of troops below; next are mocked up newspaper covers pasted over ageing adverts. A British Nato force has deployed to Estonia they blare, in response to a Russian massing of troops on the border. View image in fullscreen The entrance to the makeshift command post on a disused London Underground platform during exercise Arrcade Strike. Photograph: Richard Pohle “The scenario you are about to see is very deliberately set in 2030 because that is where we see the threat from Russia to be at its most acute,” says Lt Gen Mike Elviss, commander of the Allied Rapid Reaction Corps, in a video briefing. If the war ends in Ukraine it is the point at which, military analysts estimate, a remilitarised Russia could be ready to attack Europe again. The aim, ostensibly, is to show Moscow that for all Donald Trump’s bluster, Nato is ready, operationally at least, to defend its most exposed members on the Baltic. But a more important audience is a mile or so down the road in Westminster, where the Ministry of Defence has been locked in a funding battle with the Treasury for months. View image in fullscreen Soldiers at work in the Ukraine-style bunker. Photograph: Richard Pohle Remodelling the British army, it is said, will cost billions in investment, particularly on drones. It is estimated that it will cost £50m a year to get the arms industry building the required volumes of simple one-way attack drones, so familiar in Ukraine, and £500m a year to develop more sophisticated models, such as armed driverless vehicles. If th...
Mexico’s annual inflation slowed in line with expectations in early May, after the central bank late last month delivered a final interest rate cut of a two-year easing cycle. Consumer prices rose 4.11% in the first two weeks of May compared to the same period last year, according to national statistics institute data published Friday. The reading was above the 4.10% median estimate of analysts su...
Mexico’s annual inflation slowed in line with expectations in early May, after the central bank late last month delivered a final interest rate cut of a two-year easing cycle. Consumer prices rose 4.11% in the first two weeks of May compared to the same period last year, according to national statistics institute data published Friday. The reading was above the 4.10% median estimate of analysts surveyed by Bloomberg and down from late April’s 4.37% print. Core inflation , which excludes volatile food and fuel prices and is closely watched by the central bank, slowed slightly to 4.22%, compared to the prior reading and median estimate of 4.25%. The bank targets inflation of 3%, plus or minus one percentage point. Tomatoes, detergents and LP gas saw the largest price increases in the first half of May, while electricity, green tomatoes and eggs saw the biggest reductions in prices, according to the statistics institute. Banxico, as the central bank is known, lowered its key rate by 25 basis points to a four-year low of 6.50% on May 7, down from a cycle peak of 11.25% in early 2024. Three board members voted for the cut and two for a pause. The bank’s board said it deemed appropriate to make an additional reference rate cut “and thereby conclude the cycle that began in March 2024,” according to the post-decision statement . It added that going forward “it will be appropriate to maintain the reference rate at its current level.” Read More: Banxico Cuts Rate in Split Vote, Declares Easing Cycle Over Banxico stance is that recent inflationary pressures, particularly in agricultural products such as tomatoes, are temporary. Central bank forecasts have inflation converging to the 3% target in the second quarter of next year, helped in part by weak, below potential growth. Final first-quarter gross domestic product figures posted Friday showed output shrank 0.6% compared to the last three months of 2025. GDP was dragged down by falling activity across agriculture, manufactur...
ALLVISIONN/iStock via Getty Images Rocket Lab ( RKLB ) is transitioning into a vertically integrated space infrastructure platform providing launch services, defense systems, satellite manufacturing, propulsion technology, optical communications and in the longer term, space services. The SpaceX IPO filing shows us that ecosystems, not launch, have been creating superior economics all along. Havin...
ALLVISIONN/iStock via Getty Images Rocket Lab ( RKLB ) is transitioning into a vertically integrated space infrastructure platform providing launch services, defense systems, satellite manufacturing, propulsion technology, optical communications and in the longer term, space services. The SpaceX IPO filing shows us that ecosystems, not launch, have been creating superior economics all along. Having a $2.2 billion backlog, growing exposure to defense, five Neutron launches contracted out pre-first flight and rapidly scaling Space Systems revenues make Rocket Lab the only credible public space company poised to benefit from space infrastructure. Rocket Lab's Earnings Reveal a Much More Mature Business Model This Q1 2026 Rocket Lab report did not just bring strong results, but also changed the way I analyze the company. In the first quarter of 2026, the company's revenue grew by 63.5% year over year and reached $200.3 million, with GAAP gross margin reaching 38.2%, non-GAAP reaching 43% and $2.2 billion of record backlog. Additionally, Rocket Lab now has over $2 billion of liquidity. In particular, these numbers are a huge positive signal to me. The fact is that this quarter Rocket Lab's earnings are much more about rocket engines, defense systems, satellite technologies and other space systems. Space Systems accounted for 67.8% of Rocket Lab's revenue, while Launch Services contributed 32.2% to it. Q1 Investor Update It is especially encouraging when you see the shift in the backlog composition. In this quarter, Launch contributed 41.5% and Space Systems contributed 58.5% of total backlog . For Rocket Lab to evolve, such composition makes a lot of sense since platforms, components, propulsion technology, robotics, optical communications and defense systems are capable of creating more valuable customer lock-ins than launch alone. Definitely, I should pay attention to the rocket lab's growing defense capabilities. With a $190 million, 20-launch MACH-TB contract and the...
Col. Wayne Sanders (Ret.), of Bloomberg Intelligence, says the US blockade of Iran is causing some pain and does give President Donald Trump some leverage. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Col. Wayne Sanders (Ret.), of Bloomberg Intelligence, says the US blockade of Iran is causing some pain and does give President Donald Trump some leverage. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Justin Sullivan Billions of dollars of transactions have flowed through Binance, the world's largest crypto exchange, to networks financing Iran's Islamic Revolutionary Guard Corps in the two years leading up to the U.S.-Iran war, according to a media report. The Wall Street Journal , which had previously reported billions of dollars of Iran-linked transactions, reported new and more recent detail...
Justin Sullivan Billions of dollars of transactions have flowed through Binance, the world's largest crypto exchange, to networks financing Iran's Islamic Revolutionary Guard Corps in the two years leading up to the U.S.-Iran war, according to a media report. The Wall Street Journal , which had previously reported billions of dollars of Iran-linked transactions, reported new and more recent details, citing Binance compliance reports, blockchain data, law-enforcement officials who track terrorism financing, and other crypto researchers and nonpublic documents. Foreign law-enforcement officials said that transactions flowing through Binance accounts to Iranian entities associated with the regime have continued this year, with some transactions occurring as recently as this month, the report said. A Binance spokesperson told the WSJ that the information was inaccurate, that the company didn't allow any transactions with individuals or digital wallets that were sanctioned at the time, and that Binance took all appropriate actions once they were. According to Binance's records, "it appears the overwhelming majority of these transactions have nothing to do with the Binance platform," the spokesperson said. Furthermore, the person said the company has "zero tolerance for illicit activity on its platform," and since 2024 it has built a "best-in-class compliance program." The WSJ report highlighted a secret payment network engineered by Babak Zanjani, an Iranian, that transacted $850M over two years on Binance, mostly on a single trading account, according to internal Binance compliance reports. Even after warning signs were flagged, the main account was open as of January, according to the reporting. In 2023, Binance agreed to pay $4.3B t o settle Department of Justice allegations that it violated sanctions and money transmission laws. Its CEO, Changpeng Zhao, agreed to step down and pleaded guilty to violating U.S. anti-money laundering requirements. In 2025, President Don...
The latest disputes involving Pentagon bidding restrictions and a blocked London police contract added new scrutiny to Palantir’s government business at a time when higher interest rates continue to challenge richly valued AI and software stocks. Pentagon Contract Dispute Adds Pressure Palantir is reportedly challenging the Pentagon’s Defense Intelligence Agency over restrictions on bidding for a ...
The latest disputes involving Pentagon bidding restrictions and a blocked London police contract added new scrutiny to Palantir’s government business at a time when higher interest rates continue to challenge richly valued AI and software stocks. Pentagon Contract Dispute Adds Pressure Palantir is reportedly challenging the Pentagon’s Defense Intelligence Agency over restrictions on bidding for a contract to modernize the agency’s data analytics system, according to a filing obtained by Axios. The dispute adds another layer of uncertainty as investors continue monitoring Palantir’s government business and defense-contract pipeline. London Police Palantir Contract Faces Setback Palantir also hit resistance in the U.K. after London’s deputy mayor blocked the Metropolitan Police from signing a contract worth up to 50 million pounds with the company. The proposed deal included a 25.3 million pound contract for 2026-27, alongside an optional 24.8 million pound extension, aimed at supporting criminal investigations and internal reform programs. MOPAC Questions Procurement And Costs The Mayor’s Office for Policing and Crime (MOPAC) said the Metropolitan Police failed to demonstrate value for money adequately and did not properly test alternative suppliers before pursuing the Palantir agreement, BBC News reported on Thursday. Deputy Mayor for Policing and Crime Kaya Comer-Schwartz also said the Met breached procurement rules by failing to obtain required approval for its procurement strategy. Ethics Debate Surrounds Palantir’s Public Contracts City Hall officials separately raised broader concerns about whether public-sector procurement should take into account a company’s ethics and values. However, current U.K. procurement law does not allow contracts to be rejected solely on that basis. Palantir has previously faced criticism over its work with U.S. Immigration and Customs Enforcement and the Israeli military. Metropolitan Police Defends Technology Modernization The Metr...
QuickLogic Corporation (NASDAQ:QUIK) is one of the Best Semiconductor Stocks to Buy Under $30. On May 12, the company reported its results for Q1 2026. Total revenue from continuing operations came in at $5.1 million, up by 16.8% YoY and 35.3% growth as compared to Q4 2025. Its new product revenue from continuing operations was ~$4.3 million in Q1 2026, reflecting 14.5% YoY growth. QuickLogic Corp...
QuickLogic Corporation (NASDAQ:QUIK) is one of the Best Semiconductor Stocks to Buy Under $30. On May 12, the company reported its results for Q1 2026. Total revenue from continuing operations came in at $5.1 million, up by 16.8% YoY and 35.3% growth as compared to Q4 2025. Its new product revenue from continuing operations was ~$4.3 million in Q1 2026, reflecting 14.5% YoY growth. QuickLogic Corporation (NASDAQ:QUIK)’s progress in 2026 has been leveraging investments in Intel 18A technology as well as its internally funded RadPro™ FPGA. QuickLogic (QUIK) Reports Q1 2026 Total Revenue of $5.1 million QuickLogic Corporation (NASDAQ:QUIK)’s Storefront initiative continues to build momentum amidst the initial shipments of the first RadPro™ Dev Kits, and other developments that include the newly signed 12LP contract. This progress and continued execution of strategic objectives place the company well to realize its growth objectives for 2026 and beyond. The company saw a Q1 2026 GAAP net loss of $2.2 million, or $0.13 per share, compared to the net loss of $2.2 million, or $0.14 per share, in Q1 2025. QuickLogic Corporation (NASDAQ:QUIK) operates as a fabless semiconductor company. While we acknowledge the potential of QUIK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts. Disclosure: None. Follow Insider Monkey on Google News.
Sundry Photography/iStock Editorial via Getty Images Investment Thesis AI networking is supply-constrained, not demand-constrained . Management raised the FY26 AI target to $3.5B from $3.25B (more than 2x FY25) and full-year revenue guidance to $11.5B (+27.7%) from $11.25B. Deferred revenue jumped $826M sequentially in Q1. The order book is the leading signal; the sequential revenue guide of $2.8B...
Sundry Photography/iStock Editorial via Getty Images Investment Thesis AI networking is supply-constrained, not demand-constrained . Management raised the FY26 AI target to $3.5B from $3.25B (more than 2x FY25) and full-year revenue guidance to $11.5B (+27.7%) from $11.25B. Deferred revenue jumped $826M sequentially in Q1. The order book is the leading signal; the sequential revenue guide of $2.8B for Q2 reflects supply pacing, not demand. The gross margin debate revolves around revenue mix, not pricing power . Non-GAAP gross margin compressed to 62.4% in Q1 on cloud titan and AI back-end mix. Switching margin discipline is intact at the segment level; the blended number is dragged down by faster growth in lower-margin AI front-end and back-end fabric. Non-GAAP operating margin held at 47.8% YoY, identical to Q1 2025, which is the metric that matters. Customer concentration is the real binary risk, but worth taking . The top two customers (Microsoft + Meta) at 26% + 16% = 42% of FY25 revenue. Microsoft is also a deployed Spectrum-X customer, so the multi-vendor question is real. My read is that Microsoft ( MSFT ) buys Nvidia ( NVDA ) inside the GPU rack and Arista for the back-end Ethernet fabric across racks. They are different sockets, not the same socket. The selloff sets up the entry . Stock has fallen from ~$174 pre-print to $140, a ~20% derate on a beat-and-raise quarter where management lifted the AI revenue target to $3.5B (from $3.25B) and full-year guide to $11.5B. At $140, you pay 31.5x FY27 non-GAAP EPS of $4.45 for a business growing 24% with 46% non-GAAP operating margins, no debt, and $12.4B of net cash. Bottom line : I am overweight on Arista ( ANET ) with a $180 PT. I believe that AI fabric is supply-constrained, not demand-constrained, and the post-Q1 selloff overstates the gross margin debate. Financial Snapshot SEC Filings, own estimates Key Debates & My Take Debate 1: Is the gross margin compression structural or transient? The bear view : Non-G...