Core Insights - GMK, a mini PC manufacturer, showcased its upcoming EVO-T2 mini PC at the 2025 Intel Technology Innovation and Industry Ecosystem Conference, expected to launch in Q1 2026 [1] Product Specifications - The EVO-T2 retains design elements from its predecessor, the EVO-T1, and features an upgraded Intel "Panther Lake H12Xe" processor with a performance release of 80W TDP [4] - It supports a maximum of 128GB LPDDR5x-10677 memory and includes one PCIe 5.0 slot and one PCIe 4.0 slot [4] - The device boasts a computing power of 180 TOPs and includes built-in AI PC applications [4] External Interfaces - The front of the EVO-T2 is equipped with three USB-A ports, one USB-C port, and one audio jack [4]

Core Viewpoint - Supermicro Computer (SMCI.US) has launched a new AMD Instinct MI350 series GPU-optimized server solution, enhancing its product offerings in high-performance computing and AI infrastructure [1] Group 1: Product Launch - The new system is designed for enterprises requiring high-end computing power from AMD Instinct MI355X GPUs while operating in air-cooled environments [1] - Compared to the previous generation, the new servers can achieve up to 4 times the AI training performance and up to 35 times the inference performance [1] Group 2: Market Impact - Following the announcement, Supermicro's stock price initially rose over 5% and is currently up more than 1.6%, trading at $34.27 [1]

The upcoming report from Dell Technologies (DELL) is expected to reveal quarterly earnings of $2.48 per share, indicating an increase of 15.4% compared to the year-ago period. Analysts forecast revenues of $27.27 billion, representing an increase of 11.9% year over year.Over the last 30 days, there has been an upward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over th ...

Core Insights - HP is expected to report quarterly earnings of $0.92 per share, reflecting a decline of 1.1% year-over-year, while revenues are forecasted to reach $15.02 billion, indicating a 6.9% increase compared to the previous year [1] - The consensus EPS estimate has been revised downward by 1.3% in the last 30 days, showing a reassessment by analysts [1][2] Revenue Projections - Analysts project 'Net revenue- Personal Systems- Commercial PS' to be $7.34 billion, a year-over-year increase of 12.5% [4] - The estimated 'Net revenue- Personal Systems- Consumer PS' is $3.38 billion, reflecting a 10.1% increase year-over-year [4] - Total 'Net revenue- Personal Systems' is expected to reach $10.72 billion, indicating an 11.8% increase from the prior year [4] - 'Net revenue- Printing- Supplies' is projected at $2.81 billion, showing a decline of 2% year-over-year [5] - 'Net revenue- Printing- Commercial Printing' is estimated at $1.18 billion, reflecting a 6.1% decrease [5] - 'Net revenue- Printing- Consumer Printing' is forecasted at $302.61 million, indicating a 6.9% decline [6] - Overall 'Net revenue- Printing' is expected to be $4.29 billion, a decrease of 3.5% from the previous year [6] Operational Metrics - 'Days in accounts payable' is estimated to be 137 days, slightly down from 138 days in the previous year [6] - 'Days of sales outstanding in accounts receivable' is projected at 32 days, compared to 33 days reported last year [7] - 'Days of supply in inventory' is expected to reach 67 days, up from 63 days in the same quarter last year [7] Earnings from Operations - 'Earnings from operations- Personal Systems' is projected at $632.41 million, an increase from $550.00 million reported last year [8] - 'Earnings from operations- Printing' is expected to be $798.79 million, down from $874.00 million in the previous year [8] Stock Performance - Over the past month, HP shares have declined by 18.8%, contrasting with a -0.3% change in the Zacks S&P 500 composite [8]

Core Insights - Intel's stock surged 75% this year, driven by a modest 0.7% revenue increase and an impressive 81% rise in its valuation multiple [1][5]. Group 1: Stock Performance - The stock's increase is attributed to strategic investments in AI, new funding, cost reductions, and a strong rebound in Q3 [3][5]. - Intel surpassed Q3 2025 revenue and EPS forecasts, achieving an adjusted profit of $0.23 per share [10]. Group 2: Strategic Initiatives - Intel is prioritizing AI with the introduction of new Core Ultra processors (Panther Lake on 18A) for AI-focused PCs set to launch in late 2025 [10]. - Significant investments include $5 billion from Nvidia, $2 billion from SoftBank, and $8.9 billion from the U.S. Government under the CHIPS Act [10]. Group 3: Cost Management and Restructuring - Ongoing cost reduction efforts led by CEO Lip-Bu Tan have improved financial oversight [10]. - Intel must demonstrate strong 18A-class yields at scale and secure early foundry customers to reinforce confidence in its manufacturing turnaround [10]. Group 4: Collaboration and Product Development - Collaboration with Nvidia involves manufacturing custom x86 processors for Nvidia's AI systems, which must stay on schedule to validate Intel's relevance in next-gen data-center compute [10]. - Timely delivery of the next-generation Nova Lake desktop architecture is essential for restoring performance leadership and stabilizing Intel's core PC business [10].

Core Insights - Equinix and Lenovo have partnered to provide a high-performance computing (HPC) solution for Merck KGaA, aimed at enhancing drug discovery, materials innovation for semiconductors, and overall scientific research capabilities [1][2][4] Company Developments - Merck KGaA has launched a state-of-the-art HPC built on Lenovo ThinkSystem servers, utilizing advanced liquid cooling technology, hosted in an Equinix AI-ready data center in Germany [1][2] - The HPC platform combines private and public cloud infrastructure, allowing for flexible scaling to meet varying computational demands [2][3] Technological Advancements - The partnership emphasizes the importance of data and technology in scientific progress, with the HPC enhancing computational capabilities and enabling more effective use of AI and advanced analytics [2][3] - Equinix's infrastructure supports high-performance workloads while reducing energy consumption, aligning with Merck's environmental, social, and governance (ESG) targets [3][4] Market Position - Lenovo is recognized as a global technology powerhouse with a revenue of US$69 billion, focusing on AI-enabled devices and infrastructure [5] - Merck KGaA operates across life science, healthcare, and electronics, generating sales of €21.2 billion in 2024, with over 62,000 employees dedicated to scientific advancements [6][7]

Accessibility StatementSkip Navigation -Â New collaboration plans to unite strengths of both leaders to design a connected network of large-scale, fault-tolerant quantum computers, targeted by early 2030s-Â Companies plan to deliver an initial demonstration of multiple networked quantum computers within five years-Â Distributed quantum network could lay groundwork towards quantum computing internet defined by quantum computers, sensors, and communication in the late 2030s YORKTOWN HEIGHTS, N.Y. and SAN JOSE ...

Market Overview - U.S. stock futures rose on Thursday following gains from the previous day, with major benchmark indices showing positive movement [1] - Investors are anticipating September's job report, which is set to be released after the recent government shutdown [1] - The Federal Reserve's minutes indicate a division among officials regarding future interest rate paths, following a recent reduction in the federal funds target range to 3.75%–4.00% [1] Treasury Yields and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60% [2] - Market projections show a 33.8% likelihood of the Federal Reserve cutting interest rates in December [2] Stock Performance - Nvidia Corp. (NASDAQ:NVDA) rose 5.55% in premarket trading after reporting better-than-expected third-quarter results and a strong revenue forecast [6] - Palo Alto Networks Inc. (NASDAQ:PANW) dropped 4.15% despite beating estimates, as its full-year guidance aligned with analyst expectations [6] - Super Micro Computer Inc. (NASDAQ:SMCI) gained 5.87% following the launch of integrated AI factory systems with Nvidia's technology [6] Sector Performance - Information technology, communication services, and materials stocks led gains on Wednesday, while energy and utilities sectors closed lower [7] Analyst Insights - BlackRock maintains a "pro-risk stance" focused on U.S. equities and the AI theme, believing a cooling labor market may allow for interest rate cuts [9] - Despite volatility in tech stocks, BlackRock views the capital-intensive phase of AI development as necessary rather than a warning sign [10] Upcoming Earnings - Walmart Inc. (NYSE:WMT) was up 0.83% ahead of its earnings report, with expectations of earnings at 60 cents per share on revenue of $177.43 billion [12] - Intuit Inc. (NASDAQ:INTU) was 0.37% higher, with analysts expecting earnings of $3.09 per share on revenue of $3.76 billion [12]

Core Insights - The World Computing Conference held in Changsha showcased the ScaleX640 super node by Inspur, which is the world's first single-rack 640-card super node, achieving a 20-fold increase in computing density and supporting million-card-level cluster expansion, thus injecting strong domestic computing power into the development of new productivity [1][3]. Group 1: Product Features - The ScaleX640 super node consists of a single immersion liquid cooling heat exchange module and two immersion liquid cooling dedicated computer cabinets, representing a significant breakthrough as it surpasses traditional solutions that would require multiple cabinets to achieve similar computing power [3]. - The device utilizes immersion phase change liquid cooling technology, allowing it to maintain a stable operating temperature below 35 degrees Celsius, which is lower than typical gaming PCs, and achieves a Power Usage Effectiveness (PUE) of 1.04, meaning 96% of electricity is used for computing, resulting in over 30% energy savings compared to traditional air cooling solutions [4]. Group 2: Industry Impact - The ScaleX640 super node adheres to the "AI computing open architecture" concept, initiated by Inspur in collaboration with over 20 industry partners, aiming to build an open and collaborative innovation system to overcome challenges in domestic AI development, such as insufficient software-hardware synergy and fragmented ecosystems [5]. - The super node supports multi-brand acceleration cards and is compatible with mainstream computing ecosystems, enabling users to flexibly select domestic computing power for rapid deployment of trillion-parameter model training and high-throughput inference, effectively addressing the practical pain points of application adaptation and software-hardware disconnection in domestic intelligent computing [5].

Core Viewpoint - Lenovo Group's AI-related business revenue has increased to 30% of total revenue in FY26Q2, marking a 13 percentage point year-on-year increase, indicating strong growth in AI infrastructure and products [3][4]. Financial Performance - Lenovo's revenue for FY26Q2 reached 146.4 billion RMB, a 15% year-on-year increase, setting a record for the fiscal quarter and exceeding market expectations [3]. - Adjusted net profit rose by 25% year-on-year to 3.66 billion RMB, significantly outpacing revenue growth [3]. AI Business Growth - AI-related revenue now constitutes 30% of total revenue, up from 17% year-on-year, highlighting the growing importance of AI in Lenovo's business strategy [3][4]. - The Intelligent Devices Group (IDG) reported revenue of 108.1 billion RMB, a 12% increase, with AI PCs driving structural demand upgrades [4]. Infrastructure Solutions - The Infrastructure Solutions Group (ISG) achieved revenue of approximately 29.3 billion RMB, a 24% year-on-year increase, with significant growth in AI infrastructure revenue [5]. - Lenovo's liquid cooling technology revenue surged by 154% year-on-year, maintaining a leading position in global green computing [5][20]. Market Trends - The global AI capital expenditure is projected to exceed 500 billion USD in 2026, driven by increasing demand for computing power and AI infrastructure [6]. - The market is currently focused on companies that directly benefit from AI capital expenditures, rather than those involved in AI models and applications [9]. Investment Opportunities - Lenovo's valuation remains attractive, with a price-to-earnings ratio of approximately 12, significantly lower than peers like SMIC at 154 [23]. - The company is well-positioned to benefit from the ongoing AI infrastructure build-out, with strong performance in both cloud and enterprise infrastructure segments [15].