Valued at $16.7 billion by market cap, Gen Digital Inc. (GEN) is a global consumer cybersecurity company that provides subscription-based digital safety, privacy, and identity protection solutions. Through well-known brands such as Norton, Avast, AVG, Avira, LifeLock, and CCleaner, the company offers antivirus software, VPNs, identity theft protection, and system optimization tools primarily to individuals and small businesses. The Tempe, Arizona-based company is expected to announce its fiscal third-qua ...

Read across to Optical modules: Management's positive tone on the end demand for SiPh (Silicon Photonics) optical modules echoes our positive view on networking under AI infrastructure cycle. SiPh carries a more compact and simple structure that reduces components costs and allows better production efficiency, and we expect to see rising contribution from Silicon Photonics in 800G/ 1.6T optical modules. Buy: Innolight, Eoptolink, Landmark, VPEC, TFC Optical. 30 December 2025 | 8:10PM HKT Equity Research Chi ...

Group 1 - Serve Robotics has faced significant pressure this year, with a year-to-date decline of 27% [1] - SoftBank has experienced a nearly 30% drop since selling its entire stake in Nvidia a couple of months ago, indicating potential market timing issues [2] - Companies like Spotify and Netflix are starting to appear interesting for investment considerations [2] Group 2 - Vertive (VRT) is highlighted as a potential investment opportunity in the AI infrastructure sector, suggesting a directional bias from SoftBank's insights [2]

Core Viewpoint - SoftBank is acquiring Digital Bridge, a data center firm, for $4 billion, indicating a strong push towards building AI infrastructure [1][2]. Company Actions - SoftBank's founder, Masayoshi Son, emphasizes the urgent need for AI infrastructure, leading to the acquisition of Digital Bridge at $16 per share in cash [1][2]. - Son has liquidated nearly $6 billion worth of Nvidia stock to fund AI infrastructure investments, showcasing a strategic shift towards owning physical data center assets [3][4]. Industry Trends - The data center acquisition landscape is heating up, with major players like BlackRock and Microsoft closing a $40 billion deal for Align Data Centers, marking the largest data center acquisition to date [5]. - The demand for data centers is driven by the increasing need for computing power for AI applications, prompting companies to secure existing data center capacity rather than building new facilities [6]. Competitive Landscape - Other companies are also making significant moves in the data center space, including Blackstone's acquisition of Air Trunk for approximately $16 billion and Google's purchase of Intersect for nearly $5 billion [5]. - The competition for data center space is likened to a land grab, as companies rush to secure server space before others do [6][7]. Future Outlook - SoftBank's acquisition of Digital Bridge allows for immediate access to existing data center capacity, with potential for future leases as current agreements expire [8][10]. - The ongoing delays in building new AI infrastructures, such as Micron's project in New York, highlight the urgency for companies to solidify their data center capabilities [9][10].

Core Insights - Alphabet has recently made significant moves, including a $4 billion investment from Berkshire Hathaway and the acquisition of Intersect for $4.75 billion, which has led to a surge in its stock price to all-time highs [1][2]. Group 1: Acquisition Details - Alphabet announced a definitive agreement to acquire Intersect, a company specializing in data center and energy infrastructure solutions, for $4.75 billion [2]. - The acquisition aligns with Alphabet's strategy to enhance its capabilities in artificial intelligence (AI) and energy management, which are critical for the future of its operations [2][8]. Group 2: Importance of Intersect - Intersect develops utility-scale renewable energy solutions for data centers, utilizing various power generation sources like wind, solar, and battery, which allows for efficient energy management [5][6]. - The rising costs of energy are a significant concern for AI developers, and Intersect's expertise in energy management can help Alphabet mitigate these costs as AI workloads increase [6][7]. Group 3: Strategic Implications - By acquiring Intersect, Alphabet aims to gain control over its future energy costs, improving efficiency in accessing data center capacity compared to relying on external utility providers [8]. - This move is consistent with Alphabet's vertically integrated business model across its various sectors, including search, cloud, advertising, and consumer electronics [9].

Core Viewpoint - Oklo has experienced a significant stock price increase of over 275% in 2025, but its high valuation and early development stage raise concerns for potential investors [1][5]. Company Overview - Oklo is currently valued at approximately $12 billion, with a stock price around $76.92, and is pre-revenue, not expected to generate revenue until 2027, projected at about $16 million [2][5]. - The company is in the early stages of development and lacks the necessary approval from the NRC to build powerhouses commercially [2]. Valuation Comparison - Oklo's valuation is approximately 750 times its projected 2027 sales, significantly higher than NuScale Power, which has a market cap of about $5 billion and trades at around 16 times its projected 2027 revenue [5][6][8]. - This disparity indicates that Oklo is being valued as if it is ready to deploy reactors, while NuScale is recognized as a developer still proving its technology [8]. Industry Context - The Department of Energy (DOE) highlights both advantages and challenges of nuclear-powered data centers, with Oklo's design offering benefits like 24/7 power and compact design, but also facing challenges such as the need for a domestic supply of uranium fuel and high capital costs [9][10]. - The DOE does not anticipate widespread commercial reactors until the 2030s, indicating a long and uncertain timeline for licensing and deployment [10].

Core Insights - Dell Technologies is experiencing significant growth driven by the increasing demand for AI infrastructure, with ISG revenues rising 24% year-over-year to $14.10 billion in Q3 FY26, marking seven consecutive quarters of double-digit growth [1][11] Group 1: AI Server Demand and Performance - A major factor in Dell's success is the surge in AI server orders, which reached $12.3 billion in Q3 FY26, bringing year-to-date orders to $30 billion [2] - The company shipped $5.6 billion worth of AI servers in Q3 FY26 and ended the quarter with a record backlog of $18.4 billion in AI server orders, indicating sustained demand [3] - Dell expects to ship approximately $9.4 billion worth of AI servers in Q4 FY26, with total AI server shipments projected to reach $25 billion for FY26, reflecting a remarkable 150% year-over-year growth [5][11] Group 2: Competitive Landscape - Dell Technologies faces stiff competition from Hewlett-Packard Enterprise (HPE) and Super Micro Computer (SMCI), both of which are expanding their presence in the AI infrastructure market [6] - HPE's ongoing investment in innovation is enhancing its success in AI infrastructure, exemplified by its partnership with NVIDIA to launch the AI Factory Lab in France [7] - Super Micro Computer is capitalizing on the growing demand for AI infrastructure by expanding its NVIDIA Blackwell portfolio with advanced liquid-cooled systems [8] Group 3: Financial Performance and Valuation - Dell's shares have gained 3.6% over the past six months, underperforming the broader Zacks Computer & Technology sector, which returned 20.4%, and the Zacks Computer - Micro Computers industry, which rose 35% [9] - Dell's forward 12-month Price/Sales ratio stands at 0.69X, significantly lower than the sector's 6.62X, indicating that the shares are undervalued [13] - The Zacks Consensus Estimate for fiscal 2026 earnings is $9.89 per share, reflecting a 21.50% year-over-year growth, with a recent increase of 3.56% over the past 30 days [16]

Seasonality, precious metals, and positioning all collide as the calendar flips into the final stretch of the year...Today officially marks the start of the Santa Claus rally window, running from December 26 through year-end. Historically, the market has never missed three Santa rallies in a row, and after back-to-back disappointments, the odds tilt toward a positive finish this year.Setting Up for 2026As the year winds down, the focus naturally shifts from short-term seasonality to longer-term positioning. ...

Flash | 22 Dec 2025 04:00:00 ET │ 9 pages US Communications Equipment, Semiconductor Equipment and Semiconductors AAPL – Low investor interest despite positive views on IP17 demand in China and negative views on Android supply chain especially low end smartphones due to rising component costs and de-specing. Can Apple sustain gross margins on rising component costs? ANET – Why is company sounding bullish despite growing whitebox competition on 2026? CSCO – Will they acquire another software security company ...

Core Viewpoint - 2025 was a transformational year for Digi Power X as the company shifted from a digital asset mining focus to a power-backed AI infrastructure and Tier-3 data-center platform to meet the growing global demand for AI compute while still maintaining its digital asset mining operations [2] Strategic Transformation - Digi Power X executed a strategic pivot towards AI-ready, modular data-center infrastructure through its subsidiary, US Data Centers Inc., emphasizing the importance of secured power, scalable infrastructure, and flexible compute platforms for long-term value creation in the AI economy [3] ARMS 200 Deployment - The company completed the design and build-out of its flagship modular Tier-3 AI data-center pod, ARMS 200, which is expected to begin deployment in Q1 2026 at its Alabama facility, marking a transition to revenue-generating infrastructure [5] Power Portfolio & Infrastructure - Digi Power X expanded its power footprint significantly in 2025, securing 70 MW in Upstate New York, 123 MW in North Tonawanda, and 18.7 MW in Buffalo, with plans for 200 MW available for future development targeted for 2028-2029 [6][7][8] AI Compute and Customer Pipeline - The company advanced its AI compute roadmap and continued development of its GPU-as-a-Service platform, NeoCloudz™, while engaging in advanced negotiations with customers for 2026 to support contracted utilization as ARMS 200 and future deployments come online [9][12] Strengthened Leadership - Digi Power X strengthened its executive team by appointing Jagan Jeyapaul as Chief Technology Officer, who brings extensive experience in enterprise infrastructure and will lead the company's technology initiatives [10] Financial Strength - The company expects to end 2025 with a strong balance sheet, including cash and liquidity exceeding $100 million, no long-term debt, and year-to-date capital expenditures of approximately $13.5 million focused on infrastructure and AI readiness [13]