Crawford & Company press release ( CRD.A ): FY GAAP EPS of -$0.15. Revenue of $308.5M. More on Crawford & Company Crawford & Company (CRD.B) Q4 2025 Earnings Call Transcript Crawford & Company 2025 Q4 - Results - Earnings Call Presentation Crawford outlines new global operating structure and expects subdued Q1 2026 amid soft claims environment Seeking Alpha’s Quant Rating on Crawford & Company His...
Crawford & Company press release ( CRD.A ): FY GAAP EPS of -$0.15. Revenue of $308.5M. More on Crawford & Company Crawford & Company (CRD.B) Q4 2025 Earnings Call Transcript Crawford & Company 2025 Q4 - Results - Earnings Call Presentation Crawford outlines new global operating structure and expects subdued Q1 2026 amid soft claims environment Seeking Alpha’s Quant Rating on Crawford & Company Historical earnings data for Crawford & Company
Google's newest AI model is here: Gemini 3.1 Flash-Lite , and the biggest improvements this time around come in cost and speed, especially for enterprises and developers seeking to leverage powerful reasoning and multimodal capabilities from the U.S. search and cloud giant. Positioning it as the most cost-efficient and responsive model in the Gemini 3 series, Google is offering a solution built sp...
Google's newest AI model is here: Gemini 3.1 Flash-Lite , and the biggest improvements this time around come in cost and speed, especially for enterprises and developers seeking to leverage powerful reasoning and multimodal capabilities from the U.S. search and cloud giant. Positioning it as the most cost-efficient and responsive model in the Gemini 3 series, Google is offering a solution built specifically for intelligence at scale. This launch arrives just weeks after the February debut of its heavy-lifting sibling, Gemini 3.1 Pro , completing a tiered strategy that allows enterprises to scale intelligence across every layer of their infrastructure. Technology: optimized for the "time to first token" In the world of high-throughput AI, the metric that often dictates user experience isn't just accuracy—it’s latency. For real-time customer support, live content moderation, or instant user interface generation, the "time to first answer token" is the primary indicator of whether an application feels like a tool or a teammate. If a model takes even two seconds to begin its response, the illusion of fluid interaction is broken. Gemini 3.1 Flash-Lite is engineered specifically for this instant feel. According to internal benchmarks and third-party evaluations, Flash-Lite outperforms its predecessor, Gemini 2.5 Flash, with a 2.5X faster time to first token. Furthermore, it boasts a 45 percent increase in overall output speed — 363 tokens per second compared to 249. This speed is achieved through what Koray Kavukcuoglu, VP of Research at Google DeepMind, describes in an X post as an unbelievable amount of complex engineering to make AI feel instantaneous. Perhaps the most innovative technical addition is the introduction of thinking levels. Standardized across both the Flash-Lite and Pro variants, this feature allows developers to modulate the model's reasoning intensity dynamically. For a simple classification task or a high-volume sentiment analysis, the model can be di...
As Washington drifts towards more conflict with Iran, Palantir execs are trimming their bags despite surging revenue and millions in military contracts.
As Washington drifts towards more conflict with Iran, Palantir execs are trimming their bags despite surging revenue and millions in military contracts.
Investment management firm Vanguard offers exchange-traded funds (ETFs) that mirror the performance of all 11 stock market sectors. These ETFs feature low expense ratios -- providing an inexpensive way to invest in a diversified portfolio of sector-specific stocks. In 2025, just three stock market sectors outperformed the S&P 500 (^GSPC 0.88%) -- communications, tech, and industrials. Many of the ...
Investment management firm Vanguard offers exchange-traded funds (ETFs) that mirror the performance of all 11 stock market sectors. These ETFs feature low expense ratios -- providing an inexpensive way to invest in a diversified portfolio of sector-specific stocks. In 2025, just three stock market sectors outperformed the S&P 500 (^GSPC 0.88%) -- communications, tech, and industrials. Many of the worst-performing sectors last year are leading the pack in 2026 -- with energy, materials, consumer staples, industrials, and utilities all up 10% or more, and real estate and healthcare also outperforming the S&P 500. Here's why the Vanguard Utilities ETF (VPU 0.34%) is my top sector fund to buy in March. A new catalyst for long-term growth Utilities are traditionally viewed as a defensive sector because demand holds up even during recessions. But in the long run, the sector tends to underperform the S&P 500 because it doesn't benefit as much from economic growth as sectors like tech, communications, industrials, or financials. Regulated electric utilities have steady cash flows, as many pay stable and growing dividends. But the U.S. is currently experiencing a boom in electricity demand, largely driven by artificial intelligence workloads that are fueling data center expansions. The U.S. Energy Information Administration projects a 1% increase in electricity use in 2026 and 3% in 2027. It doesn't sound like much, but once increases from 2024 and 2025 are factored in, the forecast would mark the strongest four-year growth period since 2000. Expand NYSEMKT : VPU Vanguard Utilities ETF Today's Change ( -0.34 %) $ -0.70 Current Price $ 203.77 Key Data Points Day's Range $ 198.45 - $ 203.80 52wk Range $ 154.00 - $ 206.10 Volume 359K The ETF wrapper is ideally suited for the utility sector There's a limit to how fast regulated electric utilities can benefit from increased power demand, given that they work with federal agencies that resist rate hikes and manage permitting. But ...
In Stunning Flip-Flop, DOJ Suddenly Revives Bid To Sanction Law Firms Update (1400ET): In a stunning flip-flop, just 24 hours after The Justice Department said it was dropping its appeal of four trial-court rulings that struck down Trump’s sanctions against law firms Jenner & Block, WilmerHale, Perkins Coie and Susman Godfrey, the DoJ told a court Tuesday that it plans to press forward with the de...
In Stunning Flip-Flop, DOJ Suddenly Revives Bid To Sanction Law Firms Update (1400ET): In a stunning flip-flop, just 24 hours after The Justice Department said it was dropping its appeal of four trial-court rulings that struck down Trump’s sanctions against law firms Jenner & Block, WilmerHale, Perkins Coie and Susman Godfrey, the DoJ told a court Tuesday that it plans to press forward with the defense of President Trump’s executive orders sanctioning law firms The Wall Street Journal reports that the department said in a court filing that the federal appeals court in Washington hadn’t yet ruled on its request the previous day to dismiss the cases - and that it was the administration’s prerogative to instead pursue them further. Judges across the ideological spectrum had ruled that the president’s attempts to punish law firms amounted to unconstitutional retaliation. * * * s Aldgra Fredly reported earlier for The Epoch Times, the Department of Justice (DOJ) filed a motion on March 2 seeking to drop its appeals of lower court decisions that struck down President Donald Trump’s executive orders sanctioning four law firms. In its motion to the U.S. Court of Appeals for the District of Columbia Circuit, the DOJ said it decided to “voluntarily dismiss” its appeals of rulings that sided with law firms Perkins Coie, Jenner & Block, Susman Godfrey, and Wilmer Cutler Pickering Hale and Dorr (WilmerHale). The DOJ did not provide any explanation for the decision in its filing. Trump issued the orders in March 2025. They stated that the firms abused their pro bono practice “to engage in activities that undermine justice and the interests of the United States,” citing alleged “partisan representations” and other factors. The orders directed all executive departments and agencies to suspend security clearances of individuals at the law firms while those clearances were being reviewed to see whether they aligned with the national interest, terminate any contracts with the law firm...
Cotton futures are falling 55 to 65 points across most contracts on Tuesday. Crude oil is up $3.89 on the day. The US dollar index is another $0.798 higher at $99.135. Uncertainty with China, as they have called for a halt to the strikes on Iran continues to be a pressure factor. The Seam showed sales of 3,444 bales sold on March 2, averaging 61.70 cents/lb. The Cotlook A Index was back up 25 poin...
Cotton futures are falling 55 to 65 points across most contracts on Tuesday. Crude oil is up $3.89 on the day. The US dollar index is another $0.798 higher at $99.135. Uncertainty with China, as they have called for a halt to the strikes on Iran continues to be a pressure factor. The Seam showed sales of 3,444 bales sold on March 2, averaging 61.70 cents/lb. The Cotlook A Index was back up 25 points on 3/2 at 75.90 cents. ICE certified cotton stocks were raised by 3,124 bales on Monday with the certified stocks level at 129,302 bales. The Adjusted World Price was raised by 1.79 cents last week to 51.84 cents/lb. Don’t Miss a Day: Mar 26 Cotton closed at 62.59, down 102 points, May 26 Cotton closed at 63.94, down 65 points, Jul 26 Cotton closed at 65.86, down 55 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Live cattle futures are showing 10 to 90 cent gains at Tuesday’s midday. Cash trade was late last week, with Southern action at $244 and Northern sales from $239-243. Nothing has been reported so far this week. Feeder cattle futures are within 15 cents of unchanged at midday, bouncing off the early session lows. The CME Feeder Cattle Index was down another 97 cents to $371.82 on February 27. The O...
Live cattle futures are showing 10 to 90 cent gains at Tuesday’s midday. Cash trade was late last week, with Southern action at $244 and Northern sales from $239-243. Nothing has been reported so far this week. Feeder cattle futures are within 15 cents of unchanged at midday, bouncing off the early session lows. The CME Feeder Cattle Index was down another 97 cents to $371.82 on February 27. The OKC feeder cattle auction on Monday showed 5,946 head sold, with feeder steers $2-8 lower and heifers down $4-10. Calves were down $5-15 for steers and 10-20 lower on heifers. Wholesale Boxed Beef prices were higher in the Tuesday morning report, with the Chc/Sel spread widening to $8.20. Choice boxes were up $6.60 to $387.94, while Select was $1.53 higher to $379.74. USDA estimated federally inspected cattle slaughter for Monday at 102,000 head. That is 4,000 head below with the previous Monday and 2,764 head shy of the same Monday last year. Don’t Miss a Day: Apr 26 Live Cattle closed at $233.975, up $0.875, Jun 26 Live Cattle closed at $230.175, up $0.525, Aug 26 Live Cattle closed at $228.275, up $0.100, Mar 26 Feeder Cattle closed at $357.325, up $0.050, Apr 26 Feeder Cattle closed at $353.475, up $0.150, May 26 Feeder Cattle closed at $349.400, down $0.075, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Corn futures are showing slightly mixed trade on Tuesday, within a penny of unchanged. The CmdtyView national average Cash Corn price is up 1/4 cent to $4.05. USDA reported a private export sale of 196,000 MT of corn to unknown destinations this morning. Don’t Miss a Day: USDA’s Grain Crushing report from NASS showed a total of just 460.95 million bushels of corn used for ethanol production in Jan...
Corn futures are showing slightly mixed trade on Tuesday, within a penny of unchanged. The CmdtyView national average Cash Corn price is up 1/4 cent to $4.05. USDA reported a private export sale of 196,000 MT of corn to unknown destinations this morning. Don’t Miss a Day: USDA’s Grain Crushing report from NASS showed a total of just 460.95 million bushels of corn used for ethanol production in January, shy of estimates. That was a decline of 1.49% from a year ago and down 4.5% from December’s revised (~5 mbu lower) total. A couple separate tenders from South Korean importers saw a total of 133,000 MT purchased overnight. Mar 26 Corn closed at $4.32 1/4, down 1 cent, Nearby Cash was $4.05, up 1/4 cent, May 26 Corn closed at $4.46, up 1/4 cent, Jul 26 Corn closed at $4.55, up 3/4 cent, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Lean hog futures are showing contracts within 40 cents of unchanged at midday. USDA’s national base hog price was reported at $91.84 on Tuesday morning. The CME Lean Hog Index was 25 cents higher on Feb 27 at $89.69. USDA’s pork carcass cutout value from the Tuesday AM report was down 91 cents at $97.59 per cwt. The ham, butt, and belly primals were reported lower. USDA estimated Monday’s federall...
Lean hog futures are showing contracts within 40 cents of unchanged at midday. USDA’s national base hog price was reported at $91.84 on Tuesday morning. The CME Lean Hog Index was 25 cents higher on Feb 27 at $89.69. USDA’s pork carcass cutout value from the Tuesday AM report was down 91 cents at $97.59 per cwt. The ham, butt, and belly primals were reported lower. USDA estimated Monday’s federally inspected hog slaughter at 482,000 head. That is 5,000 head above last week and 1,434 head below the same week last year. Don’t Miss a Day: Apr 26 Hogs closed at $95.675, up $0.100, May 26 Hogs closed at $99.700, down $0.325 Jun 26 Hogs closed at $109.400, down $0.075, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Wheat is showing mixed action so far on Tuesday at midday, with the winter wheats leading the bull’s charge. Chicago SRW futures are up 1 to 2 cents at midday. KC HRW are trading with 2 to 3 gains on Tuesday. MPLS spring wheat futures are steady to fractionally lower so far on the day. Managed money spec funds were tallied as adding 1,875 contracts to their net short position in Chicago wheat as o...
Wheat is showing mixed action so far on Tuesday at midday, with the winter wheats leading the bull’s charge. Chicago SRW futures are up 1 to 2 cents at midday. KC HRW are trading with 2 to 3 gains on Tuesday. MPLS spring wheat futures are steady to fractionally lower so far on the day. Managed money spec funds were tallied as adding 1,875 contracts to their net short position in Chicago wheat as of January 7 to a net short of 88,637 contracts. In KC wheat they cut back 2,003 contracts from their net short at 31,858 contracts. Japan has issued a tender for 132,888 MT of wheat for import from the US, Canada, and Australia, with 48,308 MT US specific. Mar 25 CBOT Wheat is at $5.47, up 2 cents, May 25 CBOT Wheat is at $5.58 1/2, up 1 3/4 cents, Mar 25 KCBT Wheat is at $5.63 1/4, up 2 1/4 cents, May 25 KCBT Wheat is at $5.72 1/2, up 2 cents, Mar 25 MGEX Wheat is at $5.93 1/4, down 1/4 cent, May 25 MGEX Wheat is at $6.01 1/4, unch, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Soybeans are showing steady trade on Tuesday, with contracts within a penny of unchanged. There were another 27 deliveries issued overnight. The cmdtyView national average Cash Bean price is down 3/4 cent at $10.9 1/2. Soymeal futures are down a dime, with Soy Oil futures 3 to 9 points lower. The market continues to digest the unfolding Middle East situation, as China officially called for a halt ...
Soybeans are showing steady trade on Tuesday, with contracts within a penny of unchanged. There were another 27 deliveries issued overnight. The cmdtyView national average Cash Bean price is down 3/4 cent at $10.9 1/2. Soymeal futures are down a dime, with Soy Oil futures 3 to 9 points lower. The market continues to digest the unfolding Middle East situation, as China officially called for a halt to the military operations. Don’t Miss a Day: Monthly Fats & Oils data from Monday afternoon showed 227.8 mbu of soybeans crushed in January, exceeding estimates. That was a drop of 0.87% from December, but 87.2% above the same month last year. Soybean oil stocks rose 11.72% from the end of December to 2.43 billion lbs, which was 33.9% larger than the same period last year. Mar 26 Soybeans closed at $11.50, unch, Nearby Cash was $10.90 1/2, down 3/4 cent, May 26 Soybeans closed at $11.63 3/4, down 1/4 cent, Jul 26 Soybeans closed at $11.77 1/2, up 1/2 cent, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
On February 17, 2026, Canyon Capital Advisors reported in a Securities and Exchange Commission (SEC) filing that it sold all 521,774 shares of Acadia Healthcare (ACHC 2.69%) in the fourth quarter. What happened According to a filing with the Securities and Exchange Commission dated February 17, 2026, Canyon Capital Advisors fully exited its position in Acadia Healthcare by selling 521,774 shares. ...
On February 17, 2026, Canyon Capital Advisors reported in a Securities and Exchange Commission (SEC) filing that it sold all 521,774 shares of Acadia Healthcare (ACHC 2.69%) in the fourth quarter. What happened According to a filing with the Securities and Exchange Commission dated February 17, 2026, Canyon Capital Advisors fully exited its position in Acadia Healthcare by selling 521,774 shares. The quarter-end position value decreased by approximately $12.92 million as a result. What else to know Top holdings after the filing: NYSE:CBL: $313.25 million (41.2% of AUM) NYSE:SDRL: $129.48 million (17.0% of AUM) NYSE:AMCR: $54.58 million (7.2% of AUM) NYSE:AMBP: $51.02 million (6.7% of AUM) NYSE:FFWM: $50.22 million (6.6% of AUM) As of Tuesday, shares of Acadia Healthcare were priced at $22.74, down 22% over the past year and well underperforming the S&P 500, which is instead up about 16%. Company overview Metric Value Revenue (TTM) $3.27 billion Net income (TTM) $107.36 million Price (as of Tuesday) $22.74 Company snapshot Acadia Healthcare provides behavioral healthcare services through inpatient psychiatric hospitals, specialty treatment facilities, residential centers, and outpatient clinics The company generates revenue primarily from patient care services, focusing on mental health and addiction treatment across a network of owned and operated facilities It serves individuals requiring behavioral health treatment in the United States and Puerto Rico, targeting both publicly and privately insured patients Acadia Healthcare operates one of the largest networks of behavioral healthcare facilities in the United States, offering a diversified portfolio of inpatient and outpatient services. The company leverages its scale, clinical expertise, and geographic reach to address growing demand for mental health and addiction treatment. What this transaction means for investors It’s been a brutal stretch for Acadia Healthcare. Though shares are now down about 20% this past ...
伊朗局勢|特朗普批西班牙拒美軍用基地 威脅中斷貿易 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美國總統特朗普批評西班牙拒絕美軍使用當地軍事基地,要脅中斷雙方貿易往來。 西班牙政府發聲明形容是美國可靠的貿易夥伴...
伊朗局勢|特朗普批西班牙拒美軍用基地 威脅中斷貿易 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美國總統特朗普批評西班牙拒絕美軍使用當地軍事基地,要脅中斷雙方貿易往來。 西班牙政府發聲明形容是美國可靠的貿易夥伴,若特朗普政府有意重新審視雙方貿易關係,必須尊重私人公司的自主權,並遵守國際法及美歐貿易協議。西班牙有足夠資源應對協助受影響企業,重申國家致力在基於互相尊重和遵守國際法的原則下,推動自由貿易和經濟合作。
A measure of demand in the $9.5-trillion-a-day foreign-exchange market is signaling renewed appetite for US dollar funding as a spiraling war in the Middle East slams global risk appetite. Measures of the so-called cross-currency basis - the extra cost investors pay or receive when sourcing dollars overseas instead of the US — show a surge in demand in recent trading for the greenback relative to ...
A measure of demand in the $9.5-trillion-a-day foreign-exchange market is signaling renewed appetite for US dollar funding as a spiraling war in the Middle East slams global risk appetite. Measures of the so-called cross-currency basis - the extra cost investors pay or receive when sourcing dollars overseas instead of the US — show a surge in demand in recent trading for the greenback relative to the Swiss franc, euro, pound and other major currency peers. “When looking across markets, US dollar-funding conditions are under pressure,” a Danske Bank team including Jens Nærvig Pedersen and Antti Ilvonen said Tuesday. “The main culprit seems a deterioration in risk sentiment that has increased credit spreads and spurred a rise in precautionary demand for dollar funding.” On Tuesday, the three-month euro basis widened to a level last seen four months ago — implying a greater premium for US funding. The Swiss franc’s own gauge, meanwhile, is now the most negative so far this year. Sterling’s basis, which is still positive, fell to its lowest mark since last June. While the move came as US funding markets were already under some minor pressure amid a slate of Treasury settlements this week, the demand for dollars was seen most acutely in the currency spot market. Bloomberg’s dollar gauge is up some 1.4% since Monday, in the wake of the US-Israeli strikes on Iran, its largest two-day gain in nearly a year. “The US dollar is the clear winner here,” said Subadra Rajappa , head of US research at Societe Generale. “In the sense that although Treasuries and equities are falling out of favor, investors seem comfortable holding dollars in this environment, especially relative euro.” Read more: Key Gauge Shows Waning Dollar Demand in $7.5 Trillion Market Still, the cross-currency basis is driven by a wide range of factors — from geopolitical shocks to central bank balance sheet policy and global repatriation flows. After the US launched global tariffs last year, various measures o...
Banco Santander SA Executive Chair Ana Botin sought to play down the rift that has opened between the US and Spain , following US President Donald Trump ’s threats to cut trade with the country. “Spain and the United States have had an amazing relationship forever, you know, centuries,” Botin said Tuesday in a Bloomberg TV interview from New York. “And I’m sure that’s going to happen again very so...
Banco Santander SA Executive Chair Ana Botin sought to play down the rift that has opened between the US and Spain , following US President Donald Trump ’s threats to cut trade with the country. “Spain and the United States have had an amazing relationship forever, you know, centuries,” Botin said Tuesday in a Bloomberg TV interview from New York. “And I’m sure that’s going to happen again very soon.” Trump earlier on Tuesday said he had directed Treasury Secretary Scott Bessent to “cut off all trade with Spain.” That came after the country denied access to its military bases for his bombing campaign against Iran . Read More: Trump Says He’ll Cut Off Trade With Spain Over Air Base Use Santander is Spain’s biggest bank with large operations in the US. It recently agreed to buy the lender Webster Financial Corp. for $12 billion as part of an ambitious plan to grow in the country. Trump did not explain how he plans to follow through with the threat to cut off trade with Spain, though he suggested he has the power to impose a full embargo on goods from the country. He did not indicate explicitly that he plans to do so. Read More: Santander to Acquire Webster for $12 Billion in US Expansion Spain is a member of the European Union , which tends to oversee matters of foreign trade. If the US administration wishes to review its trade relationship with Spain it must do so while respecting the autonomy of private companies, international law, and the bilateral agreements between the EU and the US, a Spanish government official said in response to Trump’s comments. Spanish Prime Minister Pedro Sanchez has condemned US and Israeli operations against Iran, saying they are an “unjustified, dangerous military intervention outside international law.”
Anthropic is bringing Voice Mode to Claude Code, the company’s AI coding assistant for developers. The launch of voice mode marks a significant step toward more hands-free, conversational coding workflows. Thariq Shihipar, an engineer at Anthropic, announced the feature’s gradual release on X on Tuesday. According to Shihipar, voice mode is now live for about 5% of users, with a broader rollout pl...
Anthropic is bringing Voice Mode to Claude Code, the company’s AI coding assistant for developers. The launch of voice mode marks a significant step toward more hands-free, conversational coding workflows. Thariq Shihipar, an engineer at Anthropic, announced the feature’s gradual release on X on Tuesday. According to Shihipar, voice mode is now live for about 5% of users, with a broader rollout planned in the coming weeks. Voice mode is designed to streamline the coding experience by letting users interact with Claude Code through spoken commands. To enable it, type /voice to toggle it on, then speak your command and Claude Code will execute the request. For instance, “refactor the authentication middleware.” Voice mode is rolling out now in Claude Code. It’s live for ~5% of users today, and will be ramping through the coming weeks. You’ll see a note on the welcome screen once you have access. /voice to toggle it on! pic.twitter.com/P7GQ6pEANy — Thariq (@trq212) March 3, 2026 It remains unclear what the limitations of the new capability are, including whether there are caps on voice interactions or specific technical constraints. It’s also unknown if this feature was built in collaboration with a third-party AI voice provider like ElevenLabs, with whom Anthropic was reportedly in talks with. The company has not yet responded to requests for comment from TechCrunch. Anthropic launched Voice Mode for its standard Claude chatbot last May, allowing users to interact with the model via voice for a variety of general-purpose tasks. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for three days of 250+ tactical sessions, powerful introductions, and market-defining innovation. Register now to save up to $400. Save up to $300 or 30% to TechCrunch Founder Summit 1,000+ founders and investors come tog...
akinbostanci/iStock via Getty Images Post earnings, Credo Technology Group Holding Ltd's ( CRDO ) shift was precisely where I expected it would be: not demand but durability. Fiscal Q3 revenue came in at $407 million, an increase of over 200% year over year, and fundamentally, Credo still looks like a clear winner in the AI infrastructure space. But the stock still hasn’t moved because the guidanc...
akinbostanci/iStock via Getty Images Post earnings, Credo Technology Group Holding Ltd's ( CRDO ) shift was precisely where I expected it would be: not demand but durability. Fiscal Q3 revenue came in at $407 million, an increase of over 200% year over year, and fundamentally, Credo still looks like a clear winner in the AI infrastructure space. But the stock still hasn’t moved because the guidance now points to mid-single-digit sequential growth and some margin normalization. This blows apart the concept of hyper-growth and compound returns. Now the debate is no longer around execution but rather around the sustainability and consistency of this growth. After a massive run to $213 and all-time highs, any sign of slowing growth was unlikely to be rewarded. The Business is Expanding, but the Mix is Shifting On one hand, the addressable opportunity for Credo has expanded. AECs continue to ramp at the four hyperscalers. A fifth customer has entered the fray and contributed to revenue. ZeroFlap optics, ALCs with microLED technology, and the OmniConnect gearbox platform expand Credo’s reach beyond copper interconnects and into system-level solutions. This, in turn, expands Credo’s reach to a potentially multibillion-dollar TAM . This earnings call further reinforced this push. Emphasis on reliability, telemetry, and integration at the system level points to Credo’s desire to avoid becoming a commodity player. I find this intellectually honest. In an environment of hundreds of thousands of GPUs in an AI cluster, link reliability and power efficiency are existential. However, the mix does matter. The company's Q4 non-GAAP gross margin guidance of 64% to 66% does represent a noticeable decline from the 68.6% in Q3. The company's long-term gross margin profile of 63% to 65% does suggest that perhaps the company's recent peak was a temporary high watermark. I am not dismissing the strategic move into optics and gearboxes. I am simply less convinced that the margin profile wil...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were lower but well off Tuesday's worst levels as the market grappled with a constant stream of headlines about the Iran war and a continued spike in oil prices due to supply concerns. At their lows of the day, the S & P ...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were lower but well off Tuesday's worst levels as the market grappled with a constant stream of headlines about the Iran war and a continued spike in oil prices due to supply concerns. At their lows of the day, the S & P 500 and Nasdaq dropped 2.5% and 2.7%, respectively. In late afternoon trading, they were each down roughly 1%. Helping out stocks, oil dropped from its highs of the day after Politico reported that the U.S. is considering military aid to help ships get through the Strait, alleviating the potential bottleneck. This sent a signal to the markets that the Trump administration is aware of the surging oil prices, which can have an inflationary impact on the broader economy. The administration later confirmed that the Navy would provide escorts, if necessary. The steep stock declines early Tuesday may have taken some investors by surprise since stocks on Monday reversed their losses for a slight gain on the session. It remains to be seen if the market can stage another Monday-like comeback, but the wipe-out of a bulk of Tuesday's losses is a great start. As the Iran war and the surge in oil prices command the market's attention, it's important not to lose sight of the business developments unfolding at individual companies. Take, for instance, Honeywell , which announced Tuesday morning the filing of its Form 10 registration for its planned spin-off of Honeywell Aerospace. This represents an important milestone toward the launch of the aerospace company, which will trade under the ticker "HONA" after it becomes independent in the third quarter. Honeywell Aerospace also announced it will host an Investor Day on June 3 to showcase the business and help investors better understand its organic growth profile and strategic priorities. As we get closer to the breakup date, we expect Hon...