Core Viewpoint - Qualcomm Inc exceeded consensus forecasts on revenue and adjusted earnings per share, but the market reacted negatively due to guidance indicating a weaker upcoming quarter [1] Financial Performance - Qualcomm's outlook for the current quarter fell significantly short of expectations, with revenue and earnings forecasts missing consensus by a wide margin [2] - The company generated $7.82 billion in revenue from handsets, reflecting a 3% year-on-year increase [5] Supply Chain Issues - A global shortage of memory chips is constraining smartphone production across the industry, impacting Qualcomm's customers who rely on separate memory sourcing [2][3] - Chief executive Cristiano Amon stated that memory supply is now defining the size of the mobile market [3] - Qualcomm is not losing market share or facing weak end markets; rather, it is limited by a bottleneck in the supply chain [4] Market Dynamics - Disruptions in the handset ecosystem directly affect Qualcomm's earnings outlook, as the company has limited ability to mitigate these shocks through pricing or inventory control [6] - Management suggested that manufacturers might focus on higher-end devices, which could support margins but imply lower overall volumes [7] Demand Perspective - Qualcomm is not indicating a collapse in smartphone demand; instead, there is an ongoing upgrade cycle and healthy consumer interest [8] - A supply problem suggests deferred sales rather than destroyed sales, which is crucial for long-term investors [8] Diversification Efforts - Qualcomm's strategy is progressing slowly but positively, with the internet of things business growing by 9% and the automotive division expanding by 15% [10][12]

Core Viewpoint - Sichuan Sound Technology has established a subsidiary focused on artificial intelligence and Internet of Things (IoT) services, indicating a strategic expansion into these high-growth sectors [1] Company Summary - Sichuan Sound Technology has founded a new subsidiary named Sichuan Sound Le Yi Information Technology Co., Ltd. with a registered capital of 20 million yuan [1] - The subsidiary's business scope includes sales of artificial intelligence hardware, an AI public data platform, general AI application systems, IoT application services, and IoT technology services [1] - The new company is wholly owned by Sichuan Sound Technology (02495.HK) [1]

Company Performance - AMD reported earnings of $10 billion, exceeding expectations, but the stock fell 16% post-earnings due to market reactions and concerns about AI growth not being as impressive as anticipated [2][3] - CEO Lisa Su expressed optimism about data center growth, indicating an increase in business from Q4 to Q1, particularly in CPU and AI capabilities [3] - The upcoming launch of the MI450 chip is seen as a critical test for AMD, with the company currently in a "wait and see" mode until then [4] Market Reactions - The S&P 500 is experiencing pressure, particularly in the tech sector, with information technology down 1.5% [1] - Texas Instruments is making a significant acquisition of Silicon Labs for approximately $7 billion, which has raised skepticism among analysts regarding the strategic value of the deal [5][6] - Texas Instruments aims to enhance its wireless connectivity portfolio for IoT and plans to achieve $450 million in annual synergies from the acquisition [6]

Company Overview - Nature's Miracle Holding Inc. has appointed Dr. Jinlong "Frank" Du as President of its Agricultural Business, aiming to enhance its position in the Controlled Environment Agriculture (CEA) market [1][5] - The company is focused on becoming an integrated supplier of products and services to the global CEA market, with plans to expand U.S. manufacturing of agricultural equipment [5][7] Leadership and Expertise - Dr. Du is a recognized leader in indoor growing and CEA, with over 20 years of experience and a track record of executing more than 300 large-scale smart greenhouse projects globally [2][3] - His expertise includes advanced horticultural lighting, energy-efficient systems, and high-yield crop production, which will be instrumental in driving the company's agricultural initiatives [2][5] Market Potential - The global CEA market is estimated to be approximately $90 billion in 2025 and is projected to exceed $200 billion by 2030, with a compound annual growth rate (CAGR) of about 14–16% [4] - Growth in the CEA market is driven by urbanization, food security concerns, water conservation, and the adoption of advanced technologies like IoT and automation [4] Strategic Goals - Under Dr. Du's leadership, the company aims to achieve approximately $50 million in agriculture-related revenue in 2026 [6] - The strategic focus includes offering "Made in USA" solutions to customers, enhancing the company's competitive edge in the CEA industry [5][6]

Core Viewpoint - The commercial cleaning robot market is rapidly evolving, driven by advancements in technology and increasing demand for automation in various sectors, including healthcare, retail, and public spaces [2][13]. Group 1: Product Features and Development - Commercial cleaning robots are designed for autonomous navigation and obstacle avoidance, utilizing technologies such as LiDAR and AI visual recognition [2]. - The robots can perform integrated cleaning tasks on hard surfaces and are capable of operating 24/7, significantly reducing labor costs and addressing workforce shortages [2]. - The development timeline shows a progression from semi-automated machines in the 1990s to fully autonomous robots with advanced navigation and cleaning capabilities by 2023 [4][5]. Group 2: Market Size and Growth - The global market for commercial cleaning robots is projected to reach approximately $522 million by 2024, with a compound annual growth rate (CAGR) of about 10.90% from 2020 to 2024 [8]. - By 2031, the market size is expected to approach $1.046 billion, with a CAGR of 11.27% from 2025 to 2031 [8]. - The Asia-Pacific region, particularly China, dominates the market, accounting for 35.67% of global sales in 2024 [8][10]. Group 3: Industry Drivers and Opportunities - Rising labor costs in developed countries are pushing companies to adopt robots to reduce long-term labor expenses [13]. - The post-pandemic era has seen a surge in demand for high-frequency, contactless cleaning in public spaces such as hospitals and shopping malls [13]. - Technological advancements, including fast-charging and long-lasting batteries, are enhancing operational efficiency and reducing the need for human intervention [13]. Group 4: Competitive Landscape - Major players in the market include companies like Gaoxian Robotics, Tennant, Softbank, Ecovacs, and Pudu Robotics, which collectively hold a market share of 52.78% in 2024 [10]. - The competition is expected to intensify in China over the coming years as more companies enter the market [10]. Group 5: Policy and Regulatory Environment - The Chinese government is increasingly integrating cleaning robots into urban management and public service frameworks, recognizing them as essential components of smart infrastructure [15][16]. - There is a push for standardization in the industry, with various safety and operational standards being developed to ensure the reliability and effectiveness of cleaning robots [16].

Group 1 - Qualcomm Inc. is considered one of the best cheap stocks to buy for 2026, but Mizuho has trimmed its price target from $175 to $160 while maintaining a Neutral rating due to a weaker outlook for global handset demand [1] - Mizuho expects global handset shipments to decline by about 4% in 2026 compared to 2025, with a potential downside risk of more than 5% due to higher memory prices and supply shortages, particularly in the second half of 2026 [2] - Chinese OEMs are projected to cut handset output by about 10%, with their inventory levels decreasing from 13-17 weeks to about 2-4 weeks year-on-year, indicating significant pressure on Android makers as memory prices rise [2] Group 2 - Qualcomm is facing tougher competition from MediaTek in the high-end chip market, along with content cuts from Apple and Huawei, which are expected to contribute to a projected earnings decline of about 3% year-on-year [3] - The company is anticipated to experience only low single-digit growth from fiscal 2026 to 2028, reflecting the challenging market conditions [3] - Qualcomm designs and supplies semiconductors, software, and wireless technology solutions, focusing on mobile connectivity, 5G infrastructure, and Internet of Things applications [4]

Core Insights - FiEE, Inc. reported strong revenue growth driven by an expanding customer base and a successful transition to a SaaS model, achieving a positive net income for the fiscal year 2025 [1] Financial Results - Full Fiscal Year 2025 Preliminary Estimated Financial Results: - Net Income: approximately $1 million - Gross Profit: approximately $5 million - Net Sales: approximately $6 million [1] - Fourth Quarter 2025 Preliminary Estimated Financial Results: - Net Income: approximately $2 million - Gross Profit: approximately $3 million - Net Sales: approximately $4 million [1] Year-over-Year Performance - Net Sales increased by 870.8% year-over-year - Gross Profit saw a significant rise of 2,506.1% year-on-year [1] Strategic Focus - The company is committed to investing in R&D to enhance customer experience and deliver greater brand value in the digital content landscape [1] - FiEE has transitioned to a Software First Model in 2024 to expand its technology portfolio and revenue streams [1] Service Offerings - FiEE's services are categorized into four key areas: - Cloud-Managed Connectivity (WiFi) Platform - IoT Hardware Sales & Licensing - SaaS Solutions - Professional To-C and To-B Services & Support [1]

Company Overview - InterDigital is a leading innovator in wireless and video technology, with a strong portfolio of patents and applications [5] - The company focuses on research and development and intellectual property licensing, providing a high-margin, scalable business model with global reach [5] - InterDigital's technology is embedded in a wide range of devices and infrastructure, ensuring long-term relevance as wireless standards evolve [5] Financial Performance - For the trailing twelve months (TTM), InterDigital reported revenue of $928.59 million and net income of $496.78 million [4] - The company has a dividend yield of 0.9% [4] - In the third quarter, InterDigital generated $164.7 million in revenue, with net income surging 97% to $67.5 million [9] - Annualized recurring revenue climbed 49% year-over-year to an all-time high of $588 million [9] Recent Developments - Capital Management Corp sold 11,620 shares of InterDigital, valued at approximately $4.11 million, during the fourth quarter [2] - After the sale, InterDigital represented 6.08% of Capital Management Corp's reportable U.S. equity assets under management [3] - Despite the sale, InterDigital remains the largest holding in the portfolio, indicating a response to outsized gains rather than a change in investment thesis [10] Market Position - As of February 1, InterDigital shares were priced at $326.44, reflecting a 78.5% increase over the past year, significantly outperforming the S&P 500's roughly 15% gain [3] - The company develops and licenses advanced wireless communications technologies, including cellular standards (2G, 3G, 4G, 5G), video coding, and IoT solutions [7] - InterDigital generates revenue primarily through patent licensing and technology solutions for device manufacturers, network equipment providers, and consumer electronics firms [7]

Earnings Season Overview - The fourth-quarter earnings season has begun with 106 S&P 500 companies reporting results, showing 76.4% beating EPS estimates and 63.2% surpassing revenue estimates, indicating an improving earnings outlook [1][7]. Investor Sentiment - Investors are optimistic about maintaining momentum throughout the earnings season, as companies reporting better-than-expected earnings typically see an increase in stock prices, alongside easing inflation being a positive factor [2]. Stock Selection Strategy - Investors are encouraged to select stocks based on broker recommendations and upward revisions in earnings estimates, with a focus on stocks like Cardinal Health (CAH), AutoNation (AN), Target Corporation (TGT), Avnet (AVT), and ABM Industries (ABM) for potential returns [3][7]. Screening Criteria - A screening process has been established to identify stocks with improving broker recommendations and earnings estimate revisions, incorporating price/sales ratios as a valuation metric [4][5]. Stock Highlights - Cardinal Health is projected to have a 16.3% year-over-year revenue improvement for fiscal 2026 and has a long-term earnings growth rate of 14.7% [7]. - AutoNation is expanding its dealer network and enhancing digital capabilities, with a 0.3% upward revision in earnings estimates for 2026 [8][9]. - Target is undergoing a transformation with a focus on design-led merchandising and advanced analytics for better demand forecasting [10][11]. - Avnet is benefiting from strong defense and data center markets, with a focus on Internet of Things capabilities [12][13]. - ABM Industries is enhancing its position in the data center market through acquisitions and has seen a 2.2% upward revision in earnings estimates for the current year [13][14].

WARNING The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of COSMOPlat IoT Technology Co., Ltd. 卡 奥 斯 物 聯 科 技 股 份 有 限 公 司 (A joint stock company incorporated in the Peo ...