PonyWang/iStock via Getty Images In late February, I decided to downgrade Lam Research Corporation ( LRCX ) to a hold rating after being bullish for an extended period. As you can see in the rating history chart below, the stock had a huge run up and so despite the company's fundamental robustness, the valuation seemed stretched. Since the publication of that article, there has actually been some ...
PonyWang/iStock via Getty Images In late February, I decided to downgrade Lam Research Corporation ( LRCX ) to a hold rating after being bullish for an extended period. As you can see in the rating history chart below, the stock had a huge run up and so despite the company's fundamental robustness, the valuation seemed stretched. Since the publication of that article, there has actually been some further gains of around 6%. Lam Research reported their latest round of earnings results in late April and so I believe today is an appropriate time to provide an update and see if I turned neutral too early. Seeking Alpha Below, it is shown that Lam Research's business is performing mightily as growth accelerates and margins expands. While China represents a significant risk, guidance and management's comments suggest that the outlook is bright for the company. However, with the forward P/E ratio near multiyear highs, it seems that the strong fundamentals have been more or less priced in at this point. Therefore, I still view the risk/reward as neutral and have decided to reiterate my hold rating now. Tailwinds Are Strong Lam Research March Quarter Slides We'll of course get into the numbers in just a second but it is worth a mention how strong Lam Research's position is within the industry right now. At this point, the huge memory shortage is obviously not a secret and as companies try to scale their production of NAND and DRAM to meet both data center and consumer demand, Lam Research should see major tailwinds. Furthermore, as shown above , their advanced packaging solutions should see strength as well with the AI infrastructure boom not showing many signs of slowing down right now. In mid April, TSMC ( TSM ) stated that their 2026 CapEx will be at the higher end of the $52 billion to $56 billion range and so it seems that the opportunity for semiconductor equipment is highly intact at this point. Growth Is Robust Data by YCharts While Lam Research likes to do QoQ compa...
Crypto-linked equities are extending Monday’s rally into Tuesday morning. Shares of Circle Internet Group (NYSE:CRCL), Coinbase Global (NASDAQ:COIN), and Strategy (NASDAQ:MSTR) all gained 3% in the premarket hours. The pre-open bid follows a violent Monday session. Circle stock closed at $119.53, up 20%, Coinbase stock finished at $202.99, up 6%, and Strategy stock ended at ... Circle, Coinbase, S...
Crypto-linked equities are extending Monday’s rally into Tuesday morning. Shares of Circle Internet Group (NYSE:CRCL), Coinbase Global (NASDAQ:COIN), and Strategy (NASDAQ:MSTR) all gained 3% in the premarket hours. The pre-open bid follows a violent Monday session. Circle stock closed at $119.53, up 20%, Coinbase stock finished at $202.99, up 6%, and Strategy stock ended at ... Circle, Coinbase, Strategy Rise Again on Tuesday: How a Stablecoin Rule Tweak Reignited the Crypto Trade
Kevin Dietsch/Getty Images News Defense Secretary Pete Hegseth confirmed Tuesday that the ceasefire with Iran remains intact despite fresh hostilities in the Strait of Hormuz, characterizing recent military action as separate from broader negotiations. “No, the ceasefire is not over,” Hegseth told reporters at the Pentagon, adding that the fresh U.S. military operation dubbed “Project Freedom” ope...
Kevin Dietsch/Getty Images News Defense Secretary Pete Hegseth confirmed Tuesday that the ceasefire with Iran remains intact despite fresh hostilities in the Strait of Hormuz, characterizing recent military action as separate from broader negotiations. “No, the ceasefire is not over,” Hegseth told reporters at the Pentagon, adding that the fresh U.S. military operation dubbed “Project Freedom” operates independently of the ceasefire agreement. “We said we would defend and defend aggressively, and we absolutely have,” Hegseth said. “Iran knows that, and ultimately, the president is going to make a decision whether anything were to escalate into a violation of a ceasefire.” Hegseth urged Tehran to exercise restraint, saying, “Certainly we would urge Iran to be prudent in the actions that they take to keep that underneath this threshold.” President Donald Trump said a day ago that Iran has fired on ships from unrelated nations during the new U.S. escort mission through the strait, including a South Korean cargo ship. He suggested South Korea should join the mission in response. U.S. crude oil futures ( USO ) retreated Tuesday as traders weighed Iranian attacks on vessels against signs that escorted shipping traffic is beginning to move through the strait again. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on United States Oil Fund LP ETF, iShares U.S. Aerospace & Defense ETF Oil Spikes Rhyme Through Time Macro Insights: Sell In May At All-Time High? Commodities: Oil Steadier As Market Digests Trump's Hormuz Plan Iraq is said to slash oil prices amid Hormuz risks to Gulf cargoes Chevron CEO says global oil supplies are 'tightening'
VisionSys AI ( Nasdaq: VSA ) on Tuesday said it plans to change the ratio of its American Depositary Shares (ADSs) to one ADS representing 2,500 Class A shares from 250, effective around May 26, 2026. The move will have the effect of a 1-for-10 reverse ADS split, with every 10 existing ADSs automatically exchanged for one new ADS, the company said. No fractional ADSs will be issued, with proceeds ...
VisionSys AI ( Nasdaq: VSA ) on Tuesday said it plans to change the ratio of its American Depositary Shares (ADSs) to one ADS representing 2,500 Class A shares from 250, effective around May 26, 2026. The move will have the effect of a 1-for-10 reverse ADS split, with every 10 existing ADSs automatically exchanged for one new ADS, the company said. No fractional ADSs will be issued, with proceeds from fractional entitlements to be distributed in cash. The company said its underlying Class A shares will remain unchanged and its ADSs will continue to trade on the Nasdaq Capital Market under the same symbol. VSA -3.02%% premarket to $0.73 . Source: Press Release More on Tarena Financial information for Tarena
Artificial intelligence developer ElevenLabs has brought on a wave of new investors including BlackRock Inc. , Nvidia Corp. , actors Jamie Foxx and Eva Longoria , and Hwang Dong-hyuk, the creator of the hit series Squid Game . New investors joined an earlier Series D financing round that valued ElevenLabs at $11 billion, the company said in a blog post on Tuesday. The startup has now raised more t...
Artificial intelligence developer ElevenLabs has brought on a wave of new investors including BlackRock Inc. , Nvidia Corp. , actors Jamie Foxx and Eva Longoria , and Hwang Dong-hyuk, the creator of the hit series Squid Game . New investors joined an earlier Series D financing round that valued ElevenLabs at $11 billion, the company said in a blog post on Tuesday. The startup has now raised more than $550 million. Read More: AI Startup ElevenLabs More Than Triples Valuation to $11 Billion ElevenLabs, which makes voice cloning software, is among the prominent AI startups looking to expand into Hollywood, an industry that’s been resistant to the technology. While ElevenLabs began primarily selling to businesses for marketing and customer support, it’s trying to tap media production budgets. The startup previously recruited actors Matthew McConaughey and Michael Caine to allow their voices to be used in ElevenLabs products. The company is making investment shares in the startup available to its “community of creators and retail investors” via Robinhood Ventures , which offers access to private firms, according to the blog post. ElevenLabs said it has surpassed $500 million in annual recurring revenue, a common metric AI startups use to tout sales traction. The company added Banco Santander SA , DE Shaw & Co and Wellington Management Group as new investors as well. Nvidia invested through its venture arm NVentures.
Newfoundland Discovery ( NEWDF ) plans a non-brokered private placement of up to 6M units. The offering is priced at $0.12 per unit for gross proceeds of up to $720,000. Each unit includes one common share and one transferable share purchase warrant. Each warrant allows the purchase of one additional share at $0.16. Warrants are valid for a period of one year from issuance. More on Newfoundland Di...
Newfoundland Discovery ( NEWDF ) plans a non-brokered private placement of up to 6M units. The offering is priced at $0.12 per unit for gross proceeds of up to $720,000. Each unit includes one common share and one transferable share purchase warrant. Each warrant allows the purchase of one additional share at $0.16. Warrants are valid for a period of one year from issuance. More on Newfoundland Discovery Corp. Financial information for Newfoundland Discovery Corp.
(RTTNews) - Cummins Inc. (CMI) said it is raising full-year 2026 revenue guidance to be up 8% to 11%, due to stronger demand across several markets, particularly North America on-highway and power generation. EBITDA is expected to be in the range of 17.75% to 18.50%, up from prio
(RTTNews) - Cummins Inc. (CMI) said it is raising full-year 2026 revenue guidance to be up 8% to 11%, due to stronger demand across several markets, particularly North America on-highway and power generation. EBITDA is expected to be in the range of 17.75% to 18.50%, up from prio
Expeditors press release ( EXPD ): Q1 GAAP EPS of $1.71 beats by $0.37 . Revenue of $2.78B (+4.1% Y/Y) beats by $160M . Airfreight tonnage increased 5% and ocean container volume decreased 4%. Customs, Transcon, Distribution, and Order Management each achieved double-digit revenue growth. Cash returned to shareholders in the form of share repurchases was $288 million. More on Expeditors Expeditors...
Expeditors press release ( EXPD ): Q1 GAAP EPS of $1.71 beats by $0.37 . Revenue of $2.78B (+4.1% Y/Y) beats by $160M . Airfreight tonnage increased 5% and ocean container volume decreased 4%. Customs, Transcon, Distribution, and Order Management each achieved double-digit revenue growth. Cash returned to shareholders in the form of share repurchases was $288 million. More on Expeditors Expeditors International of Washington, Inc. (EXPD) Discusses U.S. Customs Market Update and Webinar Q&A Prepared Remarks Transcript Expeditors International of Washington, Inc. (EXPD) Discusses Supply Chain Risk Management and Strategies for Building Resilience Transcript Expeditors International of Washington, Inc. (EXPD) Discusses Energy Market Impacts and Supply Chain Disruptions from Iran Conflict Transcript Expeditors Q1 2026 Earnings Preview UPS tops logistics valuation rankings while shares slip on unchanged outlook
PhonlamaiPhoto/iStock via Getty Images Seaport Research Partners initiated coverage on a trio of wafer fabrication equipment companies, Applied Materials ( AMAT ), Lam Research ( LRCX ), and ACM Research ( ACMR ), giving them all Buy ratings as the sector is currently in one of its strongest cycles in history. "The chief constraint on AI today is the availability of compute," said Sepaort senior a...
PhonlamaiPhoto/iStock via Getty Images Seaport Research Partners initiated coverage on a trio of wafer fabrication equipment companies, Applied Materials ( AMAT ), Lam Research ( LRCX ), and ACM Research ( ACMR ), giving them all Buy ratings as the sector is currently in one of its strongest cycles in history. "The chief constraint on AI today is the availability of compute," said Sepaort senior analyst Jay Goldberg in an investor report. "Hyperscalers and frontier labs are scrambling to source sufficient GPUs (and power) to drive ever-larger models and handle the growing inference workloads. All of this is bottlenecked by the fab capacity—both at TSMC and at the memory makers. Fab owners are all pointing to increased capex budgets this year, and we believe that will continue into next year. That capex will go towards WFE tools in record amounts. And the cycle extends beyond AI to robotics, automotive and other sectors. Trailing-edge fabs, especially in the PRC, are adding capacity and, as a result, are buying more WFE tools." Seaport considers Applied Materials to be in the best position of global WFE suppliers and gave them a $500 price target. "While they do not have ASML's ( ASML ) monopoly in EUV lithography, they do have offerings in almost every other line of tools covering - deposition, etch, implant, CMP, cleaning and more," Goldberg noted. "We think their role in advanced semis is almost as irreplaceable as ASML." Meanwhile, Lam Research was assigned a $300 price target due to its leverage in the memory segment. Finally, ACM Research received a $75 price target, as the Fremont, Calif.-based company primarily supplies the rapidly growing semiconductor market in China. Despite export controls on WFE equipment to China, ACM Research already has considerable operations established there, which may shield it from geopolitical issues. "They are a US company but sell over 90% of their products into the PRC," Goldberg said. "And over the past year, they have begun...
When SiteOne Landscape Supply (NYSE: SITE) hit public markets on May 12, 2016, it was a niche bet: the only national wholesale distributor in a deeply fragmented landscape supply industry. A decade later, that thesis has played out. SiteOne has rolled up local players at a relentless pace—completing eight acquisitions in fiscal 2025 alone—including Reinders, ... $1,000 Invested in This 2016 IPO Wo...
When SiteOne Landscape Supply (NYSE: SITE) hit public markets on May 12, 2016, it was a niche bet: the only national wholesale distributor in a deeply fragmented landscape supply industry. A decade later, that thesis has played out. SiteOne has rolled up local players at a relentless pace—completing eight acquisitions in fiscal 2025 alone—including Reinders, ... $1,000 Invested in This 2016 IPO Would Be Worth $4,700 Today, Crushing the S&P 500
Ingram Micro, Vertosoft, Liquid PC, and QBS Software partner with Huntress to scale global cyber defenses through their reseller ecosystemsCOLUMBIA, Md., May 05, 2026 (GLOBE NEWSWIRE) -- Huntress continues its strong global growth trajectory with the addition of four new distribution partners, expanding its reach and ability to deliver enterprise-grade defenses to the businesses hit hardest by org...
Ingram Micro, Vertosoft, Liquid PC, and QBS Software partner with Huntress to scale global cyber defenses through their reseller ecosystemsCOLUMBIA, Md., May 05, 2026 (GLOBE NEWSWIRE) -- Huntress continues its strong global growth trajectory with the addition of four new distribution partners, expanding its reach and ability to deliver enterprise-grade defenses to the businesses hit hardest by organized cybercrime. The new distributors include Ingram Micro, one of the world's largest technology
Elysee Development ( ELC:CA ) plans to repurchase up to 1.41M shares (~4.99% of outstanding shares). The buyback represents ~6.41% of the company’s public float (21.98M shares). The bid will run from May 13, 2026 to May 12, 2027, replacing the current program expiring May 12, 2026. The program will be funded using existing working capital. Over the past year, the company repurchased 223,500 shares...
Elysee Development ( ELC:CA ) plans to repurchase up to 1.41M shares (~4.99% of outstanding shares). The buyback represents ~6.41% of the company’s public float (21.98M shares). The bid will run from May 13, 2026 to May 12, 2027, replacing the current program expiring May 12, 2026. The program will be funded using existing working capital. Over the past year, the company repurchased 223,500 shares at an average price of $0.4648. More on Elysee Development Dividend scorecard for Elysee Development Financial information for Elysee Development