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.
Oxbow Advisors founder Ted Oakley says the cycle is ending: half his funds are in cash and Treasuries; he is a seller of Google and Microsoft; the signals he sees have appeared only twice, in 1929 and 1999.
Brookings podcast examines a paper by Columbia University professor Stijn Van Nieuwerburgh: U.S. data-center construction will account for about 3.6% of GDP annually by 2032, with cumulative spending exceeding 10.3 trillion dollars over 2025–2032—more than the railroad, highway, and power-grid build-outs.
ARK holds another call after the SpaceX earnings call: Musk says SpaceX will generate 1 trillion dollars in revenue in 2028; Alex Potter of Piper Sandler says Wall Street consensus is only 200 billion–220 billion dollars, “probably off by 5 times.”
The Information founder Jessica Lessin said voters gave Big Tech a gift: compute scarcity is improving the giants’ margins, while slower regulation and buildout are instead making incumbents more profitable.
AMD CEO Lisa Su says AI demand is arriving faster than anyone planned for: the data center business is growing 50% quarter over quarter from the third to the fourth quarter, and will more than double next year; the company is becoming a “data-center-first company.”
Yardeni says the 10-year Treasury yield of 5% is “very attractive” and within the normal range; under the Fed’s stock valuation model, 5% corresponds to a forward P/E of 20x, while the current multiple is only 18.5x; the single best asset to own over the next 24 months is the Nasdaq 100.
Henrik Zeberg says the bottom is in—not because things are good, but because things are so bad that the Fed has to pivot; the Nasdaq has another 30% to go, with a top around January, followed by a move modeled on 2007.
