The humanoid form of humanoid robots helps them adapt to existing work environments, but bipedal walking and joint control also impose higher requirements. Institutions are optimistic about the long-term market potential, while 2026 is a key window for validating mass production and deploying applications.
China’s incremental AI computing capacity accelerated in the third quarter of 2026, but chip supply continued to constrain customer onboarding for some operators. Goldman Sachs sees potential returns from integrated computing platforms, while lowering industry target prices amid concerns about financing, returns and valuation contraction.
Google plans to invest in data centers in Malaysia from 2027 to 2028. Goldman Sachs believes that construction of the projects and related power-grid upgrades may drive demand for power equipment and optical fiber, but the benefits to each supplier will depend on actual orders won and project progress.
AI and campus networking drive Arista to raise its growth outlook. Bank of America is positive on cross-data-center interconnect opportunities, while also monitoring slower deferred-revenue growth and the impact of major-customer concentration on margins.
Seagate’s September-quarter revenue and earnings per share exceeded market consensus, with price increases as the main driver; the company expects shipment capacity to accelerate in the December quarter, but cost reductions per unit of capacity have slowed.
Compared with the preview, Hy4 improves its capabilities for long-horizon tasks and tool use. Tencent plans to launch a faster, more cost-effective Flash version soon; Citi believes the upgrade will help strengthen Tencent’s enterprise AI positioning.
Korea’s DRAM export value in October rose 595% year over year, but total memory exports fell 7% compared with September. Goldman Sachs expects Samsung Electronics and SK hynix revenue to continue growing sharply in the fourth quarter, while tracking imports of HBM materials and exports of other technology products.
Morgan Stanley expects Asia’s electricity demand to grow at an average annual rate of about 5% by 2030. Constraints on U.S. power supply could prompt more data center investment to shift to Asia, while industrial and household electricity use will also boost demand.
Tencent released Hy4, expanding image understanding and computer-operation capabilities while keeping API prices unchanged. Morgan Stanley is positive on feedback from office-product use driving model iteration, while Tencent plans to scale up training and narrow the gap with closed-source models.
Datadog’s third-quarter revenue and operating margin both exceeded market consensus, but fourth-quarter revenue guidance was broadly flat quarter over quarter. Morgan Stanley believes assumptions about usage by a large customer and renewal discounts for AI customers are near-term drags, cutting its price target from $300 to $270 while maintaining an Overweight rating.
Arm’s 2027 fiscal second-quarter revenue and earnings per share exceeded market consensus, but royalty revenue was below expectations. The company is more confident in generating up to $2 billion in CPU revenue over two fiscal years combined, while lowering its gross margin outlook for the first-generation product.
AppLovin’s third-quarter revenue grew 14% sequentially, exceeding the company’s earlier guidance of 7%–8%. Morgan Stanley believes upgrades to the game advertising model and e-commerce expansion open up room for growth, but the revenue growth rate in the fourth-quarter guidance falls to about 8%.
Bernstein expects demand for chronic-disease and specialty medicines to drive expansion of India’s domestic biopharmaceutical market. In initiating coverage of three listed multinational pharmaceutical companies in India, it names GSK India its top pick; Pfizer first needs to offset the exit of mature products, while Abbott faces a lack of new products and brand competition.
A Bernstein survey shows that respondents across generations are more optimistic about apparel spending in 2027 than a year earlier, but intentions to spend more are concentrated among younger and middle- and higher-income groups. The penetration of off-price retailers among high-income customers has declined, while regular customers are still shopping more frequently.
Tight driver supply weighed on Mobility Bookings growth, while Delivery accelerated and profit performance remained solid. The company expects overall Bookings to grow 18%–22% year over year at constant currency in the fourth quarter, while increasing investment in drivers and autonomous driving.
Toast’s recurring gross profit and adjusted EBITDA in the third quarter both exceeded market consensus, but the company plans to continue investing in AI and sales capacity, and expects margins to improve only gradually in 2027.
IPG Photonics posted its fourth consecutive quarter of double-digit year-over-year revenue growth in the third quarter, but its fourth-quarter guidance reflects slower growth in battery investment. Bernstein is positive on the cycle and business diversification, while lowering its valuation multiple.
After discussions with GE Vernova’s management, Bernstein believes the duration of this power cycle matters more than the peak in demand: utility demand and customer advance payments support gas-turbine orders, while new installations could generate service revenue for more than a decade. Electrification growth is constrained by capacity, while wind power still needs to restore profitability.
Datadog’s third-quarter revenue grew 35% year over year, but the increase in full-year guidance was only equivalent to the quarter’s revenue beat. Bernstein expects growth to slow in the fourth quarter and lowered its AI customer revenue model and price target.
Coupang’s revenue was broadly in line with expectations, but fire-related costs, a decline in the gross margin of its self-operated business, and spending on Taiwan expansion weighed on profit. Bernstein lowered its price target and remains cautious about the pace of profit recovery.
