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.
Cash App lending drove gross profit above expectations, while Square’s payment volume continued to grow; Bernstein believes sustained improvement in user growth is key to valuation.
Goldman Sachs believes election results in Texas and Georgia could delay data center development and related power investments; California utilities’ focus, meanwhile, has shifted to wildfire liability reform.
ARM’s fiscal 2027 second-quarter revenue and profit exceeded market expectations, but the beat came mainly from its licensing business, while royalty revenue was weighed down by weak smartphone demand. Management is more confident about AGI CPU revenue, and Goldman Sachs raised its revenue forecast but maintained its Sell rating.
Morgan Stanley expects Nike’s revenue base to reset to about 40 billion dollars, as growth in Performance is unlikely to offset contraction in Sportswear and Jordan; even if margins recover to near market consensus, lower revenue would still weigh on earnings.
NXP’s third-quarter revenue and earnings per share both topped market consensus, but fourth-quarter guidance was broadly in line with expectations, and the shares fell 7% after hours. Evercore ISI is positive on automotive, data centers and buybacks, while lowering its earnings forecasts and target price.
MediaTek’s third-quarter 2026 revenue exceeded company guidance, and HSBC expects ASICs to begin making a substantial revenue contribution in the fourth quarter; however, challenges to the TPU V9 design and packaging schedule led the bank to cut its target price and maintain a Hold rating.
On 5 November, Jingyan Technology rose 20.01%. Institutional trading seats recorded net buying of 61.26 million yuan. The company’s liquid-cooling products are already being supplied in volume; some optical-module housing products and high-speed connector interfaces are in mass production. Robotics and dexterous-hand products remain at the R&D and validation stage.
Dongwu Securities is bullish on Jereh benefiting from energy investment in the Middle East; Zheshang Securities sees an inflection point in Hony Biotech’s orders but expects the company to remain loss-making over the next three years.
OpenAI proposed community commitments to reduce data centers’ impact on local power grids. Changjiang Securities believes solid oxide fuel cells can serve as a supplementary power-supply option for data centers, with their competitiveness depending on deployment speed, cost and system compatibility.
Marginal improvements in expectations for US interest rates and tariffs support demand for power tools; data center construction, with its higher density of tool use and more specialized requirements, brings new room for growth. Huatai Securities also expects a potential window for A-share valuation recovery in the second half of 2027.
Hua Hong Semiconductor's third-quarter net profit attributable to parent company shareholders rose year over year by 136.14%; the company expects fourth-quarter sales revenue of 1.08 billion to 1.09 billion U.S. dollars. A subsidiary of Gansu Golden Glass plans to sign a computing-power cloud services contract, while Qiaoyuan Co. plans to invest in an electronic specialty gases project.
Luoyang Bearing's three types of robot products have entered small-batch supply. NHU expects to raise its algae oil capacity to 20 thousand tons per year by year-end; the pace of new-business progress disclosed by several companies remains at different stages.
Citrini believes AI revenue is still growing, but has shifted from being a source of upside surprises to a threshold for supporting massive capex. Meanwhile, the U.S. economy still appears to be expanding, while defensive assets have already strengthened.
GF Securities lowered its forecasts for capex growth at the five largest US cloud providers in 2027 and 2028: AI demand and tight computing capacity support near-term investment, but free-cash-flow and credit-rating pressures will limit subsequent expansion.
QQQ fell 6.5% in a single day, with semiconductors leading the declines. TMT Breakout believes the AI trade already looked fragile ahead of the election, and that position and leverage unwinds are amplifying the decline; data-center approvals and project progress have also added new questions for investors.
Citrini Research believes AI revenue is still growing, but the revenue threshold needed to sustain the pace of capital expenditure growth is rising; meanwhile, economic expansion and a defensive rotation in asset prices are occurring side by side, prompting it to restructure its thematic portfolio.
Domestic surgical robot sales grew 17% in 2025; BOCI International believes technological advances and pricing policies could help products penetrate more tiers of hospitals.
Moonshot AI is offering its agent runtime framework as a cloud service. Brokerages believe that improvements in practical task capabilities and deployment in enterprise workflows are driving the commercialization of agents.
