Europe I think um has probably shifted the most in terms of a positive forward trajectory in terms of the opportunity sets. Um first of all in Europe um we did not see the same level of exuberance in aggressive capital structures and buying uh activities like you did see in the US that were fueled by uh growth expectations. Second from a legal perspective uh Europe has a very um strong backdrop in terms of uh creditor protections and a tighter community. Uh and then third um Europe is now stimulating its ec ...

Core Points - POET Technologies Inc. held its Annual General and Special Meeting (AGSM) virtually on June 27, 2025, where shareholders approved all proposals outlined in the management information circular [1][2][5] Group 1: Meeting Overview - The meeting included a video presentation showcasing the transformation of the company's operations, followed by a presentation from CEO Dr. Suresh Venkatesan on the company's 2024 activities and near-term opportunities [3][4] Group 2: Voting Results - Shareholders elected all nominees as directors, with Glen Riley receiving 94.43% of votes, Jean-Louis Malinge 95.86%, Robert "Bob" Tirva 95.64%, Suresh Venkatesan 96.92%, and Theresa Lan Ende 95.39% [6] - Davidson & Company LLP was appointed as auditors with 96% approval from shareholders [7] - The Omnibus Equity Incentive Plan was approved by 84% of votes, increasing the number of awards to 17,007,771, which is 20% of the 85,022,787 common shares issued at the time of the meeting [7][9] Group 3: Restricted Stock Units - Following the AGSM, the Board of Directors granted a total of 72,340 Restricted Stock Units (RSUs) to directors, vesting on the first anniversary of the grant, based on a share price of CAD$7.23 [10]

Core Viewpoint - Nvidia has transformed from a chip supplier to a leading player in the global AI infrastructure market, with a market cap of $3.5 trillion, raising questions about its future direction [1] Recent Financial Performance - In the first quarter of fiscal 2026, Nvidia reported $44.1 billion in revenue, a 69% year-over-year increase, surpassing the combined earnings of Starbucks and Netflix in a quarter [3] - The data center segment contributed $39.1 billion, reflecting a 73% year-over-year growth, driven by high demand for AI infrastructure from enterprises and governments [3] Growth Catalysts - Continued investment from enterprises and cloud providers in data centers and AI infrastructure is expected, with the AI data center market projected to reach nearly $100 billion by 2030 [4] - Nvidia's Blackwell architecture chips are in high demand for AI inference workloads, leading to full production capacity reserved at Wistron's new Taiwan plant through 2026 [5] Business Model Evolution - Nvidia has evolved into a full-stack solution provider for accelerated computing, offering hardware, software, and networking solutions, which supports high-performance and low-latency deployments [6] - The increasing contribution of software to Nvidia's revenue mix is expected to enhance gross margins, which currently stand at 61% [7] Market Opportunities - Beyond data centers, Nvidia is well-positioned to capitalize on the growing demand for AI technologies in sectors such as automotive, edge AI, robotics, and industrial design, which are still developing but hold significant long-term potential [7] Competitive Landscape - Nvidia faces competition from Advanced Micro Devices and custom chip developments by hyperscalers like Alphabet and Amazon [9] Analyst Targets and Valuation - Analysts estimate Nvidia's 12-month price target to be around $176, with a high of $250 and a low of $100, based on projected earnings per share (EPS) of $4.32, $5.72, and $6.44 for fiscal years 2026, 2027, and 2028 respectively [10] - Currently trading at 36 times forward earnings, a conservative multiple of 30x suggests a three-year price target of approximately $193, indicating a 25% upside from current levels [11] - In a bullish scenario, EPS could reach $7.63 by fiscal 2028, leading to a potential share price of nearly $267, representing a 73% increase [12] - In a bearish scenario, EPS is estimated at $5.11, translating to a share price of approximately $127.11, which is nearly 17% lower than current prices [13] Conclusion - Nvidia's valuation reflects significant optimism, and while there is potential for upside, the current environment may not justify the risks for all investors, making it more suitable for long-term investors with a high risk appetite [14]

Micron Technology Inc MU shares fell Thursday in early trading, despite the company on Wednesday reporting upbeat fiscal third-quarter earnings.The announcement came amid an exciting earnings season. Here are some key analyst takeaways.KeyBanc Capital Markets On Micron TechnologyAnalyst John Vinh reiterated an Overweight rating, while raising the price target from $135 to $160.Micron Technology reported quarterly revenues and earnings of $9.30 billion and $1.91 per share, beating consensus of $8.86 billion ...

after beating on the top and bottom line. Shares now up more than 55% year to date. It's the micron.So let's talk to this Davis exclusive okay. Yes. If Micron chairman CEO Sanjay Mehrotra Sanjay you did it. You did it.And I know I need for people to know how you blew the numbers away. >> First of all, Jim and David, great to be back on your show here. Yes, I mean, micron delivered an exceptional record quarter with $9.3% billion in revenue, a 15% sequential growth driven by, of course, AI.Our data center re ...

Maybe it was all a dream or more pointedly a nightmare. I'm talking about the Chinese artificial intelligence breakthrough known as deepseek. Remember that.Which caused Wall Street to turn its back on the AI data center coord sell. Earlier this year, we were told that the Chinese had come up with a way to build AI models using far less hardware, meaning chips from Nvidia. And it crushed every stock in the group.the house of pain with the biggest casualties being the stocks of all the companies needed to cre ...

Core Insights - Lam Research Corporation (LRCX) has experienced a significant year-to-date stock increase of 25.3%, outperforming the Zacks Electronics – Semiconductors industry, which has only risen 5.1% during the same period [1][7] - The stock's strong performance is attributed to investor confidence in Lam Research's future, supported by solid fundamentals and growth prospects in AI and data center demand [2][4] Financial Performance - In the third quarter of fiscal 2025, Lam Research reported revenues of $4.72 billion, reflecting a year-over-year increase of 24.5%, while non-GAAP EPS rose by 33.5% [9] - The company's non-GAAP operating margin improved to 32.8%, up 210 basis points from the previous year, indicating effective cost control and operational efficiency [8] Market Position and Growth Drivers - Lam Research is well-positioned to benefit from the increasing demand for AI and data center chips, supplying essential manufacturing equipment such as deposition and etching tools [4][5] - The company shipped over $1 billion worth of products for next-generation chip nodes and packaging in 2024, with expectations for this figure to triple in 2025 [5] Valuation and Investment Appeal - Despite the stock's rally, LRCX trades at a forward P/E of 22.7X, significantly lower than the industry average of 30.91X, suggesting a reasonable valuation relative to its growth potential [11][12] - Lam Research's consistent performance and history of beating earnings estimates reinforce its attractiveness as an investment, with a Zacks Rank of 2 (Buy) [10][13]

Investment Rating - The report upgrades ADNOC Gas to Buy with a target price of 4 AED, reflecting a positive outlook on gas-to-power demand [1][5][12]. Core Insights - The GCC is positioned to capture a 5% market share in the global AI sector this decade, driven by low energy costs and favorable capital conditions [1][2]. - The region's AI capacity is expected to grow tenfold to 6 GW by 2030, contributing to 20% of ex-US growth during this period [2][9]. - ADNOC Gas is identified as a key beneficiary of rising gas-to-power needs, with a projected domestic sales growth of 5% CAGR by 2030 [5][12]. Summary by Sections AI and Data Center Growth - The Middle East's current market share in AI is only 1%, but it is anticipated to grow at four times the broader market rate, reaching 5% by 2030 [9]. - Significant investment of approximately $100 billion is required for data center infrastructure and advanced GPUs to support this growth [10][19]. Energy Demand and Supply - The report forecasts a 0.5-2.0% uplift in power demand across the GCC this decade, with the UAE likely at the upper end [3][28]. - The region benefits from low-cost gas and renewable energy sources, with gas prices at $2.15/mmbtu compared to $3/mmbtu in the US and $7/mmbtu in Europe [25][27]. Geopolitical and Regulatory Environment - US-led investments in Middle East data centers and favorable regulations, such as Saudi Arabia's draft 'Global AI Hub' law, enhance the region's attractiveness for AI processing [4][42]. - The report highlights the need for robust regulatory frameworks to manage data protection and digital jurisdiction as the region positions itself as a global AI hub [41][43]. Cooling and Infrastructure Challenges - The shift towards hyperscale data centers necessitates advancements in cooling technologies, with liquid cooling emerging as a more efficient solution compared to traditional air cooling [38][40]. - The report notes that the Middle East's solar energy costs are among the lowest globally, which supports the region's energy needs for data centers [29][33].

Look no further than industrials, though. I do that because Kevin bought more Caterpillar, which I want to hear about. Why now for an industrial name like this.It's surprising that you see industrials perform as well as they have this year, surpassing my expectations certainly. But I look at Caterpillar as almost like a stealthy play within the data center space because you need the industrials, Caterpillar specifically, to do this type of heavy construction. It's trading at only a 17 PE, 25% discount to Jo ...

Core Insights - ONEOK is a rapidly growing midstream enterprise focused on natural gas with long-term potential for distributable cash flow and dividend growth [1] - The company is benefiting from increasing investments in the AI and Data Center industries [1] Company Overview - ONEOK operates primarily in the midstream sector, which involves the transportation and storage of natural gas [1] - The company has made strategic acquisitions to enhance its market position [1]