Market Overview - Stocks are rising as investors react to easing inflation pressures indicated by the latest Consumer Price Index (CPI) report [1][8] - The Dow is up 62 points, while the NASDAQ Composite has increased by more than 1% [2][3] - The bond market shows a slight decrease in yields, with the 10-year Treasury yield at 4.12% and the 30-year at 4.80% [3] Sector Performance - Consumer discretionary stocks are leading the market, driven by record highs in companies like Tesla [5][6] - Technology stocks are also performing well, with notable gains from major players such as Alphabet, Nvidia, and Microsoft [7] - In contrast, the energy sector is down by 1.5%, along with minor losses in staples, real estate, and financials [6] Economic Indicators - The CPI report indicates a cooling inflation trend, which may influence the Federal Reserve's decision on interest rates [9][11] - Predictions suggest a potential reduction in interest rates to around 3.5%, which could stimulate earnings growth in the coming year [11][12] Earnings Outlook - 82% of S&P 500 companies exceeded earnings expectations in Q3, indicating strong profit growth [16] - Forecasts predict an average earnings growth of 18% for the "MAG 7" companies and around 13% for the broader market in 2026 [17][20] - The implementation of AI technologies is expected to enhance labor productivity and profit margins for companies [18] Investment Opportunities - Companies like Amazon, GE Aerospace, and United Rentals are highlighted as having strong market positions and growth potential [27][29][32] - The merger of Trump Media and Technology Group with TAE Technologies aims to capitalize on the growing demand for nuclear energy, despite the challenges associated with the pivot from media to energy [33][34] AI and Energy Sector - The nuclear fusion project by TAE Technologies is ambitious, with plans to construct a 50 megawatt power plant by 2026 [43][44] - The potential for fusion technology to address energy demands, particularly in relation to AI growth, is emphasized [56][58] - Regulatory environments for fusion are expected to be less stringent than traditional nuclear, potentially accelerating development timelines [56] Retail and Consumer Trends - Chipotle is launching a high-protein menu in response to changing consumer preferences, aiming to attract customers looking for value [94][96] - Other food companies, such as Sweet Green and Starbucks, are also introducing high-protein options to meet consumer demand [100][101]

Guido Mieth/DigitalVision via Getty Images Listen here or on the go via Apple Podcasts and Spotify Scott Kaufman discusses leading The Dividend Kings, and focusing on dividend growth and value investing (0:25). Key metrics for evaluating dividend stocks (5:00). Digging deeper into LyondellBasell, Dow, and Eastman Chemical Company (8:50). Dividend cut implications (11:40). Baby bonds and preferred securities (15:00). Market sentiment and interest rates (19:20). Transcript Rena Sherbill: Very happy to ...

The stock market's Thursday rally hasn't come easy. The market benchmark index was up 1.4% in recent trading. The Dow was up 374 points, or 0.9%. The Nasdaq Composite was up 2%. The S&P and Nasdaq were on track for their best CPI release day since Jan. 15, according to Dow Jones Market Data. The market benchmark index was up 1.3% in recent trading. The Dow was up 420 points, or 0.9%. The Nasdaq Composite was up 1.9%. AI stocks rallied in the wake of Micron Technology's earnings, while the rest of the market ...

Let's get a quick check on these numbers for you. Q1 adjusted EPS478. Street was closer to 395.Q1 revenue 13.64% billion. She was closer to 12.95% billion. So beats on the bottom and the top there.More importantly, let's get to the guidance. Q2 EPS 822 to 862. The street was at 471.And it looks like uh revenues here they're calling for between 18.3% to 19.1% billion. Consensus was 14.38% billion. So that is a big beat.Gross margins you know calling for between 67 to 69% street 55.7%. So beats there versus c ...

Financial Data and Key Metrics Changes - In Q4 FY2025, total revenues increased to $55 million from $49.3 million in the prior year, representing a 12% increase [18] - The net loss attributable to common stockholders decreased to $30.7 million from $42.2 million in Q4 FY2024, resulting in a net loss per share of $0.85 compared to $2.21 [20][21] - For FY2025, total revenues were $158.2 million, up from $112.1 million in FY2024, a 41% increase [21] - The net loss attributable to common stockholders for FY2025 was $191.1 million compared to $129.2 million in FY2024, with a net loss per share of $7.42 compared to $7.83 [22][23] - Adjusted EBITDA improved to negative $74.4 million in FY2025 from negative $101.1 million in FY2024, reflecting a 26% reduction [23] Business Line Data and Key Metrics Changes - Product revenues in Q4 FY2025 were $30 million, up from $25.4 million in the prior year, driven by long-term service agreements [24] - Service agreement revenues increased to $7.3 million from $5.6 million, primarily due to the GGE agreement [24] - Generation revenues slightly increased to $12.2 million from $12 million, reflecting higher output from the generation portfolio [24] - Advanced technology contract revenues decreased to $5.5 million from $6.4 million [24] Market Data and Key Metrics Changes - The backlog increased by approximately 2.6% to $1.19 billion compared to $1.16 billion as of October 31, 2024, due to new projects and service agreements [27] - The company has over 100 megawatts of power projects in South Korea in its backlog, with another 100 megawatts under MOU [14] Company Strategy and Development Direction - The company is focused on scaling manufacturing capacity and aims to achieve positive Adjusted EBITDA at an annualized production rate of 100 megawatts per year [8][16] - The strategy includes leveraging partnerships, such as the $25 million financing from Exxon for projects in Korea, to support growth [9][28] - The company is committed to addressing the growing demand for clean, reliable power driven by data centers and digital infrastructure [6][10] Management's Comments on Operating Environment and Future Outlook - Management believes the demand for power is accelerating due to the growth of AI and data centers, presenting significant business opportunities [5][6] - The company is optimistic about entering FY2026 with strong momentum, focusing on converting its pipeline into executed contracts [10][18] - Management highlighted the importance of policy certainty and the investment tax credit in improving project economics and supporting long-term adoption [9][68] Other Important Information - The company ended FY2025 with cash, restricted cash, and cash equivalents of $341.8 million, providing a strong liquidity position [28] - The company plans to spend between $20 million and $30 million on capital expenditures in FY2026 to support expansion efforts [73] Q&A Session Summary Question: What is the growth outlook for 2026? - Management indicated that there are hundreds of megawatts of pricing proposals across the digital infrastructure ecosystem, with opportunities expected to materialize in 2026 [31] Question: How long will it take to scale capacity to 350 megawatts? - Management expects that scaling to 350 megawatts can happen in a timeframe of less than 18 months with modest capital investment [34] Question: What is the status of data center traction and potential bottlenecks? - Management reported strong interest in their distributed generation platform and modularity, with no significant constraints in delivering power solutions [40] Question: What is the update on ExxonMobil and carbon capture opportunities? - Management confirmed that they are set to demonstrate technology for capturing CO2 while producing power and hydrogen at Exxon's Rotterdam refinery in late 2026 [45] Question: What changes have been observed in the South Korean market? - Management noted strong momentum in repowering existing installations and ongoing partnerships, indicating a positive outlook for the South Korean market [49] Question: Are there any carbon capture opportunities with other players? - Management is engaged in discussions for carbon recovery with various industrial customers, emphasizing the low emission profile of their technology [51][52] Question: What are the main hurdles for securing data center customers? - Management clarified that the main challenge is the shift in procurement models rather than customer readiness, as data centers increasingly require on-site generation [57]

Core Insights - ADNOC, in partnership with Eni and PTTEP, has secured a structured financing agreement of up to Dh40.4bn ($11bn) for the Hail and Ghasha gas development project, aimed at monetizing future midstream gas production [1] - The Ghasha concession is projected to deliver 1.8 billion standard cubic feet per day (bscf/d) of gas, contributing significantly to ADNOC's gas strategy [1][4] Financing Structure - The financing arrangement is described as non-recourse and involves participation from over 20 international and regional financial institutions, allowing ADNOC and its partners to access capital at competitive rates while retaining operational oversight [2] - The financing is "ring-fenced" around processing facilities, enabling the raising of low-cost funding [2] Strategic Importance - The transaction is seen as a landmark achievement that builds on ADNOC's successful track record in global energy partnerships, unlocking capital for the ambitious Hail and Ghasha project [3] - The project is expected to generate significant value for ADNOC, its partners, and the UAE, while also unlocking new gas resources for customers [4] Historical Context - ADNOC has previously engaged in major midstream and infrastructure deals, including a $4.9bn oil pipeline partnership and a $10.1bn gas pipeline agreement, along with various BOOT projects [5] - The Hail and Ghasha project aims to operate with net-zero emissions and capture 1.5 million tonnes of CO₂ annually [5] Future Plans - ADNOC plans to leverage advanced AI and technologies from its Thamama Centre of Excellence for the project [5] - The company has outlined a $150bn investment plan for the period between 2026 and 2030 to sustain current operations and expand growth [6]

Key Takeaways ASML's Q3 2025 gross margin rose 80 bps to 51.6%, driven by steady EUV demand and installed base growth.Logic drives System sales, with multi-layer EUV boosting utilization and high-margin services.Rising EUV use in advanced DRAM and AI memory supports higher-value tools and a stronger margin outlook.ASML Holding’s (ASML) margin trajectory is increasingly linked to the pace of extreme ultraviolet (EUV) adoption across logic and DRAM manufacturing. EUV tools are among the most complex systems i ...

Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy underperformed its benchmark, the Russell Midcap® Growth Index, in the third quarter of 2025, which increased approximately 3%.  In addition, please check the fund’s top five holdings to know its best picks in 2025. In its third-quarter 2025 investor letter, Brown Advisory Mid-Cap Growth Strategy highlighted st ...

That points toward a terrific increase of around 66% from TSMC's current CoWoS capacity of 75,000 wafers. Importantly, the higher capacity that TSMC is set to bring online throughout next year is said to be fully booked out, as reported by market research firm TrendForce. This isn't surprising as the foundry giant needs to fulfill orders for AI and high-performance computing (HPC) chips from companies like Nvidia (NASDAQ: NVDA), Amazon , MediaTek, Google, and others.The first major reason why TSMC's growth ...

Join me now take a look back [music] at 2025 and look ahead into 2026. It's Jay Woods, chief global strategist [music] at Freedom Capital Markets, who's got his eye on the ball on what's set to move markets today, the rest of the year, and into next year. So today, let's start out with a look at Micron because I know you were across this one.Um, and I saw what your thought was. A little squeamish given the uh run it's had this year. It delivered a big earnings beat.Oh my gosh. Yeah. >> Uh the stock was alre ...