For more on the AI trade, Redb Bush's Dan Ives joins us here on set. He just released his 2026 outlook forecasting 20% upside for the tech sector next year. When we say tech sector, define it.All of the NASDAQ mag 7 names. What are you seeing. >> I think big tech.If I think about like big tech and the AI trade, that's probably going to be up anywhere from, you know, 20 to 25%. But I think it's really the AI revolution stocks. what I view as sort of the winners up 20% in a minimum.Look, it's my view this is ...

US stock futures edged higher on Tuesday, eyeing a cautious comeback after a fragile start to December trading that saw sharp losses on Wall Street and in crypto. S&P 500 (ES=F) futures rose 0.2%, while those on the tech-heavy Nasdaq 100 (NQ=F) added roughly 0.4%. Contracts on the Dow Jones Industrial Average (YM=F) hovered above the flatline. Stocks are poised to regain some ground as markets begin to shake off the risk-off sentiment that dominated on Monday, snapping five-day winning streaks for the t ...

US stock futures edged higher on Tuesday, eyeing a cautious comeback after a fragile start to December trading that saw a sell-off on Wall Street and in crypto. S&P 500 (ES=F) futures rose 0.3%, while those on the tech-heavy Nasdaq 100 (NQ=F) added 0.4%. Contracts on the Dow Jones Industrial Average (YM=F) moved up roughly 0.2%. Stocks are poised to regain some ground as markets begin to shake off the risk-off sentiment that dominated on Monday, snapping five-day winning streaks for the three major US i ...

Financial Data and Key Metrics Changes - The company reported record revenue of $268 million for Q2 2026, representing a 20% sequential growth and a 272% increase year over year [5][17]. - Non-GAAP gross margin was 67.7%, with non-GAAP net income reaching approximately $128 million, marking the strongest quarterly results in the company's history [5][19]. - Non-GAAP operating income was $124.1 million, reflecting a significant increase due to over 20% sequential top-line growth [19]. - Cash flow from operations was $61.7 million, with ending cash and equivalents of $813.6 million, an increase of $333.9 million from Q1 [20]. Business Line Data and Key Metrics Changes - The Active Electrical Cables (AEC) product line continued to be the fastest-growing segment, with revenue driven by increasing customer diversity, including four hyperscalers contributing over 10% of total revenue [6][17]. - The Integrated Circuit (IC) business, including retimers and optical DSPs, also showed strong performance, with significant growth expected in fiscal 2026 [9]. Market Data and Key Metrics Changes - The company noted that the AECs have become the de facto standard for inter-rack connectivity, displacing traditional optical connections [6][7]. - The total addressable market (TAM) for AECs and IC solutions is projected to exceed $10 billion, more than tripling from 18 months ago [15][16]. Company Strategy and Development Direction - The company is focused on expanding its product offerings with three new growth pillars: Zero-flap Optics, Active LED Cables (ALCs), and OmniConnect gearboxes, each representing multi-billion dollar market opportunities [11][12][13]. - The strategy emphasizes delivering high-reliability and power-efficient solutions tailored to the needs of AI training and inference clusters [5][6]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued revenue growth through fiscal 2026 and beyond, driven by the ramp-up of new product categories and existing AEC and IC businesses [16]. - The company anticipates significant year-over-year growth from its top customers and expects to strengthen revenue diversification [21][22]. Other Important Information - The company is well-capitalized to invest in growth opportunities, with a substantial cash buffer and plans for continued innovation in connectivity solutions [20]. - The management highlighted the importance of reliability and power efficiency in their product offerings, which are critical for the evolving demands of AI infrastructure [30][31]. Q&A Session Summary Question: Expansion of the AEC market and ALC market potential - Management indicated that the ALC market could be double the AEC TAM, driven by both quantity and average selling price (ASP) increases [24]. Question: Customer revenue contributions - The largest customer contributed 42% of revenue, followed by others at 24%, 16%, and 11%, with expectations for continued growth and diversification [26][27]. Question: Focus on system-level products - The company is committed to expanding its portfolio at the system level, with a focus on delivering non-commodity solutions that exceed industry standards [28][29]. Question: AEC supply constraints - Management does not foresee concerns regarding AEC production capacity, citing a strong partnership with manufacturing providers [41][42]. Question: Transition to higher-speed connections - The company confirmed that it is in production with 25, 50, and 100 gig per lane solutions, with expectations for future transitions to 200 gig per lane [45][46]. Question: Licensing of AEC IP - The decision to license AEC IP reflects the company's established competitive position and the need to protect its innovations in a growing market [60].

Core Points - ACM Research, Inc. will participate in the 14th Annual NYC Summit investor conference on December 16, 2025, alongside 14 other companies [1] - The presentation materials from ACM will be available on the company's events page [2] - The NYC Summit features a "round-robin" format allowing investors and analysts to meet with management teams in small group sessions [3] Company Overview - ACM Research develops, manufactures, and sells semiconductor process equipment, including cleaning, electroplating, and packaging tools, aimed at enhancing productivity and product yield in semiconductor manufacturing [7]

Core Insights - Nvidia has invested $2 billion in Synopsys as part of a strategic partnership aimed at enhancing AI capabilities and developing cloud-ready solutions [1][2] - Synopsys stock experienced a 3.7% increase following the announcement of this partnership [1] - The collaboration will focus on product development, marketing, and improving agentic AI, as well as advancing the Omniverse concept [2] Company Overview - Synopsys has a market capitalization of $78 billion and a current stock price of $432.91 [3][4] - The stock's price-to-earnings ratio is over 41, with expected earnings growth of less than 10% annually over the next five years [5] - Synopsys has approximately $12.5 billion in net debt, and its price-to-free cash flow ratio stands at 61.5, indicating potential concerns regarding cash flow [5] Market Reaction - Following the announcement of Nvidia's investment, Synopsys stock rose by 3.56%, reflecting positive market sentiment [1][3] - Nvidia's purchase of shares was made at a slight discount of $414.79 per share, which is higher than Synopsys's trading levels for most of November [5] Investment Considerations - Despite Nvidia's investment, some analysts suggest that Synopsys stock may not be a buy due to its high valuation and weak free cash flow [5][6]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Insights - Synopsys has seen a significant increase in its stock price due to an expanded partnership with Nvidia, which includes a $2 billion equity investment aimed at enhancing AI-accelerated tools for chip design and engineering [2][7]. Company Performance - Synopsys shares rose nearly 7% on Monday morning but later moderated gains, while Nvidia's shares increased by approximately 1% [2]. - Despite the recent gains, Synopsys stock is still down about 10% year-to-date, following a disappointing earnings report in September [4]. Strategic Partnership - The partnership is positioned as a transformative collaboration, with Synopsys CEO Sassine Ghazi emphasizing the potential to revolutionize engineering and empower innovators [3]. - This deal follows a series of partnerships by Nvidia that have positively impacted the stock prices of involved companies, highlighting Nvidia's influence in the AI sector [3]. Market Context - The Nvidia investment comes at a time when Synopsys is facing challenges, including a slump in demand for its design intellectual property and a cautious outlook for Q4 due to geopolitical factors [5]. - Nvidia's shares have also experienced fluctuations amid concerns regarding overspending on AI infrastructure, despite a significant increase in value of about one-third in 2025 [5].

Core Viewpoint - Nvidia shares increased early Monday despite a decline in the broader market, driven by positive investor reactions to the company's new partnership and equity investment in a chip-design software maker [1] Group 1 - Nvidia's stock performance showed resilience, rising even as the overall market faced a downturn [1] - The positive investor sentiment was linked to Nvidia's strategic move involving a partnership and equity investment [1]

Summary of NVIDIA and Synopsys Partnership Announcement Industry and Companies Involved - **Companies**: NVIDIA and Synopsys - **Industry**: Engineering and Design, specifically focusing on Electronic Design Automation (EDA), System Design Automation (SDA), and Computer-Aided Engineering (CAE) Core Points and Arguments 1. **Strategic Partnership Announcement**: NVIDIA and Synopsys are expanding their long-standing relationship to integrate Synopsys' engineering software with NVIDIA's accelerated computing and AI technology, aiming to transform engineering processes across multiple industries [1][5][8] 2. **Revolutionizing Engineering**: The partnership seeks to "re-engineer engineering" by addressing the complexities of designing systems that integrate various engineering domains, such as electronics, mechanical, and thermal [5][6] 3. **Acceleration of Design Processes**: NVIDIA's GPU acceleration is expected to significantly reduce the time required for simulations and design processes, with speed-ups ranging from 10x to over 1,000x, allowing tasks that previously took weeks to be completed in hours [13][14] 4. **Digital Twin Technology**: The partnership will leverage digital twin technology to create virtual prototypes, enabling engineers to explore design options and optimize products before physical production [15][31] 5. **Market Expansion**: The collaboration is projected to open new market opportunities, expanding Synopsys' reach from chips to nearly every industry, thus addressing a multi-trillion dollar market [16][18][29] 6. **Investment Commitment**: NVIDIA announced a $2 billion investment in Synopsys to support the partnership, which will enhance the integration of their technologies and accelerate product development [22][45] 7. **Non-Exclusive Relationship**: The partnership is non-exclusive, allowing both companies to continue working with other industry partners while focusing on their collaborative efforts [18][60] Additional Important Insights 1. **Shift in Computing Paradigm**: The industry is experiencing a shift from general-purpose computing (90% in 2016) to accelerated computing (90% today), which is expected to similarly occur in the EDA industry [12][31] 2. **Customer Adoption**: There is a strong demand for accelerated computing solutions among engineering teams, which will facilitate faster product design and reduce costs associated with design errors [24][56] 3. **Focus on R&D**: The partnership emphasizes the importance of R&D in accelerating product development and addressing bottlenecks in design processes [48][54] 4. **Regulatory Considerations**: Concerns regarding regulatory scrutiny of NVIDIA's investments in various companies were addressed, emphasizing that the partnership with Synopsys is aimed at enhancing the ecosystem rather than limiting competition [58][60] This summary encapsulates the key points from the conference call regarding the strategic partnership between NVIDIA and Synopsys, highlighting the transformative potential for the engineering and design industry.