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# Research run 2026-08-26T14:50 UTC

## What changed

- Meta settles the 29-state teen-harm trial for up to $16.68B over 10 years with teen time limits; META $573.70 after a $593 spike, hold.
- July PCE 3.7% y/y vs 3.6% expected, core 3.3% in line; 10-year 4.66%, September hike odds ~40%, S&P 500 -0.1%.
- Nvidia $210.56 (-1.2%) into the print ~6:30am AEST: consensus $92.2B revenue, Q3 bar $104.2B, options imply 5.4%.
- FIGR -7.8% to $37.94 on no news after Tuesday's +6.5%, hold; RKT -2.3% on yields; Alibaba HK +2.1% as placement completes.
- Iran-Oman agree a 7-mile temporary Hormuz corridor but Iran keeps the strait shut pending sanctions relief; WTI $81.77, ASX 200 -0.4%.
- Watchlist: GE Vernova +1.8% on LS Electric HVDC JV, Siemens Energy -1% with five broker buys; Korea DRAM export price +401% y/y.

## Market summary

July PCE came in at 3.7% y/y headline (consensus 3.6%) with core 3.3% in line; Q2 GDP was unrevised at 1.5% and July durable goods rose 1.1% vs 0.4% expected. The US open is soft: S&P 500 7,671 (-0.1%), Nasdaq 100 -0.2%, SOX -0.4%, 10-year 4.66%, September hike odds ~40%; WTI $81.77, bitcoin $78,100, AUD/USD 0.717. Meta settled the 29-state teen-harm trial for up to $16.68B over 10 years and the stock is +0.6% after a $593 spike. Asia closed higher except the ASX 200 (-0.4% after the hot CPI): Nikkei +0.6%, Kospi +1.0%, Taiex +1.5%, Hang Seng +0.6%; Iran and Oman agreed a 7-mile temporary Hormuz corridor but Iran says the strait stays shut pending US sanctions relief, and Canada matched the new US 50% tariffs from September 8. Ahead in AEST: Nvidia ~6:30am Thursday (consensus $92.2B revenue, Q3 bar $104.2B, options imply 5.4%) with Salesforce the same session, Marvell ~6:30am Friday, and Warsh at Jackson Hole 12am Saturday.

## Holdings

- AMZN: hold @ $259.24 - Trading at $259.24 intraday, down 0.7% at 10:36 ET after the July PCE print (core 3.3% y/y, in line). New today: AWS agreed to buy DuckLabs, the Amsterdam maker of DuckDB, undisclosed price, closing as soon as next month with DuckDB staying MIT-licensed under its foundation; Charter is bundling discounted Prime Access for Spectrum Internet Assist customers; and Reuters says Moonshot AI is negotiating revenue-share hosting deals for Kimi K3 with Amazon, Microsoft and Google. All incremental to AWS; with $220B capex and the state antitrust suits capping the multiple, hold.
- AXOS: hold @ $98.66 - Trading at $98.66 intraday, down 0.2% at 10:22 ET, and no company news since Tuesday's NYSE Texas dual listing; only 13F position chatter. Benchmark's $120 target and 17% ROE still support holding.
- BABA: watch @ $121.01 - Hong Kong 9988 closed Wednesday at HK$116.60, up 2.1%, 3.5% above the HK$112.70 placing price, and the ADR is $121.01, up 1.3% intraday at 10:36 ET. The placement completed today: 710M new shares for ~HK$80B, ~60% (HK$47.9B) earmarked for global computing infrastructure and ~40% (HK$31.9B) for AI data centres and cloud. Alibaba also released Qwen3.8-Flash-Next (6B active parameters, a preview of Qwen 4), and a plaintiff firm filed a routine securities class action tied to the placement drop. Two sessions above the placing price is progress but not a base; keep watching for a hold above HK$117-118 before adding.
- ENPH: watch @ $37.12 - Trading at $37.12 intraday, down 0.6% at 10:37 ET. No new tariff or policy action today: the Section 232 polysilicon minimum import price from Aug 7 remains the operative policy and the only fresh item is commentary on possible government equity deals for US solar makers. Q3 revenue guide of $290-320M is still below last year, so stay on the sidelines until residential demand stabilises.
- FIGR: hold @ $37.94 - Trading at $37.94 intraday, down 7.8% at 10:33 ET with a $37.17-40.50 range, giving back Tuesday's 6.5% gain. No press release, SEC filing, analyst note or peer move explains it (UPST flat, SOFI -0.4%, bitcoin -1.4%), so it reads as profit-taking in a thin, volatile name. Q2 revenue +121% to $198.8M and Bernstein's $70 target are unchanged; hold, but check for a filing if the drop extends.
- GOOGL: add @ $342.28 - Trading at $342.28 intraday, down 1.35% at 10:37 ET, now ~4% under the 50-day near $358. Nothing new on fundamentals: Moonshot AI is in talks to have Google Cloud host its Kimi K3 model on revenue share, Verizon coverage of Gemini handling most inbound calls follows Monday's partnership, and Courthouse News reports the search-remedies judge told the DOJ and Google to settle details of the oversight body (article not retrievable). Cloud +82% and the ~$200B TPU cloud case are intact, so the dip remains an entry.
- LDI: trim @ $0.88 - Trading at $0.88 intraday, down 4.7% at 10:33 ET and still under the $1 NYSE threshold with the six-month cure window from the Aug 21 notice; no news today. Goldman is at Sell with a $1 target; compliance, reverse-split and dilution risk argue for reducing exposure.
- META: hold @ $573.7 - New today: Meta settled the 29-state teen-harm trial mid-trial for up to $16.68B (NYT says up to $17.1B), about 1.2% of market cap versus its own $1.4T worst case, and agreed to default daily time limits for teens, nighttime restrictions, stronger age assurance and expanded parental controls, with no admission. School-district and personal-injury cases and the New Mexico judgments ($375M and $567M) remain. The stock spiked to $593.34 then faded to $573.70, up 0.6% intraday at 10:36 ET, so much of the deal was priced after Tuesday's leak. The biggest overhang is gone, but with $125-145B capex and the shares still ~25% down YTD, hold until the capex return shows in numbers.
- MRVL: hold @ $240.0 - Flat at $240.00 intraday (-0.2%) ahead of Thursday's report (Fri ~6:30am AEST). Previews in the last 12h add nothing to the numbers: consensus $2.72B revenue and $0.93 EPS, Benchmark expects a Q3 guide of $3.03B and $1.09, and options now imply a 10.3% move versus the ~12% four-quarter average; consensus target is $291 (24 Buy, 5 Hold). Up ~160% YTD with the Google warrant deal priced in, so the guide is the whole trade; hold through it.
- MU: hold @ $934.8 - $934.80 intraday, up 0.2%, after Micron named Manish Bhatia President and COO and Scott DeBoer President and Chief Technology and Products Officer, with Sumit Sadana moving to senior advisor, effective immediately. Seoul closed constructive: SK hynix +0.6% to KRW 1,688,000 and Samsung +1.8% to KRW 261,500 with the Kospi +1.0%. The one new negative is TrendForce data showing YMTC at 14% of Q2 NAND bits and targeting the top spot by 2027, a NAND-price risk that matters more to SanDisk than to DRAM/HBM-weighted Micron. Nvidia tonight is the swing factor; hold.
- NFLX: add @ $82.05 - $82.05 intraday, down 0.2%, and quiet since Wolfe's $95 target; the last 12h added only content items (Emily in Paris S6, a Top Boy prequel, Stella Artois tie-in) and a Motley Fool piece framing the test as sales growth (13.4% in Q2, 11.7% expected Q3), margin expansion and ads scale. Street target $96 with 25 Buys and 7 Holds; still ~36% under the 52-week high, so the valuation reset remains an add.
- NVDA: hold @ $210.56 - Trading $210.56 intraday, down 1.2%, about 70 minutes into the session with the print due after the close (Thu ~6:30am AEST); S&P 500 -0.1% and Nasdaq -0.2% at the open after headline PCE printed 3.7% y/y versus 3.6% consensus (core 3.3%, in line). New in the last 12h: options now imply a 5.4% move (~$280B), below the 6.5% priced in May and the 7.4% 12-quarter average, and the street wants networking near $17B (+~134% y/y) inside the $92.2B revenue consensus. Q3 bar ~$104B at ~75% gross margin, Rubin timing, the no-China assumption and the $500B customer-financing/$105B OpenAI guarantee questions are unchanged; hold and reassess after guidance.
- OPENAI: hold - New in the last 12h: Bloomberg reports SoftBank is talking to banks about a $10-20B dollar/euro bond sale, possibly in September, to repay the $40B bridge loan behind its ~$65B OpenAI commitment due by October; that is SoftBank debt, not a new OpenAI round, so no mark change. Alongside the GSAM $6.6B GPU-backed package and the data-centre chief's exit, the funding stack is getting more levered ahead of a 2027 IPO; Nvidia's call may add colour on the $105B guarantee. Private, so hold. Marked at 5.43x cost: latest valuation ~$852B (2026-08) vs ~$157B at entry (https://techcrunch.com/2026/08/10/openai-reportedly-completed-a-7-billion-employee-tender-offer/).
- RKT: hold @ $13.97 - Down 2.3% to $13.97 intraday, the worst of the group, as the 10-year rose 2bp to 4.66% after headline July PCE came in at 3.7% y/y (3.6% consensus) and FedWatch put ~40% on a September hike. Mortgage News Daily's 30-year was 6.74% on Tuesday and MBS are weaker today, so refi volume gets no help; after the ~50% run the shares look fully priced, hold.
- STRIPE: hold - Nothing new in the last 12h: an ASEAN local-payment-method rollout, a Branch gig-work survey and a Seeking Alpha piece on Stripe versus Adyen are all steady-state, not a mark event, so hold the private position. Marked at 2.27x cost: latest valuation ~$159B (2026-02) vs ~$70B at entry (https://techcrunch.com/2026/02/24/stripes-valuation-soars-74-to-159-billion/).
- TSM: add @ $416.76 - ADR $416.76 intraday, down 0.2%, after Taipei closed 2330 at NT$2,415, up 0.6%, with the Taiex +1.5% to 45,833 on NT$804B turnover ahead of Nvidia. No new company news in the last 12h beyond a July bond-issuance filing and Apple's 2nm M6 on TSMC. With 40%+ 2026 growth guidance and up-to-10% 2027 price rises, the stock ~5% below the June NT$2,535 high remains a buy.

## Watchlist

- ALAB:US Astera Labs - accumulate (medium) - Astera Labs sells the connectivity silicon (PCIe/CXL retimers, Scorpio fabric switches, Ethernet) that ties GPUs and XPUs together inside AI racks; Q2 2026 revenue was $392M (+104% YoY, +27% QoQ) with eight straight EPS beats, and Scorpio switches become the largest product line in Q3, a quarter early. Shares closed +1.8% at $282.65 on Aug 25 (after-hours $283.98) and remain ~44% below their 52-week high, offering exposure to scale-up networking, the fastest-growing layer of AI infrastructure.
- AVGO:US Broadcom - accumulate (medium) - Broadcom is the leading custom AI accelerator (XPU) and AI networking supplier to hyperscalers, guiding Q3 FY26 AI semiconductor revenue to ~$16B (>200% YoY) and total revenue to $29.4B (+84%), with a stated path to >$100B of AI revenue in 2027. The stock is ~23% below its June high after the July semiconductor selloff, giving a better entry into a franchise with multi-year committed custom-silicon programs plus a sticky VMware software annuity. On Aug 25 OpenAI published the first results for Jalapeno, the inference ASIC it co-designed with Broadcom, claiming up to 1.9x throughput per kilowatt and 3.6x lower latency than Nvidia's GB300 at 700W versus 1,400W, a public validation of the custom-XPU franchise a week before Broadcom reports. On Aug 26 the stock slipped a further 1.0% to $353.13 by 10:37 EDT (range $351.12-359.47) ahead of Nvidia's print; options imply a 7.3% move on the Sep 2 report, and RBC says Broadcom is positioned for a beat-and-raise on networking momentum, with TPU share and gross margins the items to watch.
- CRDO:US Credo Technology - accumulate (medium) - Credo makes the active electrical cables (AECs), optical DSPs and retimers that link GPUs and switches inside AI clusters, and its ZeroFlap AECs have become the default in-rack copper link for hyperscalers. Fiscal 2026 (ended May 2) revenue tripled to $1.335B, with Q4 revenue of $437M (+157% YoY) at a 68% gross margin and GAAP net income of $169M; Q1 FY27 guidance of $465-475M implies roughly a doubling YoY, and the print lands on Sep 1 after the close, a day before Broadcom. Four hyperscalers each exceed 10% of revenue (top three 34%, 27% and 16% last reported), so the base has broadened from one anchor customer. Shares closed +1.8% at $226.51 on Aug 25 (after-hours $226.06), 27% below the $308.67 52-week high, with consensus targets near $283; it pairs with Astera Labs as a second pure play on scale-up connectivity, the fastest-growing layer of AI capex.
- SKHY:US SK hynix - accumulate (medium) - SK hynix supplies more than half of the world's HBM and just posted record Q2 2026 results: revenue KRW 79.3T (+257% YoY) and operating income KRW 60.5T (+557% YoY) at a 76% operating margin, with HBM4 mass shipments ramping in H2. On Aug 19 it accelerated a KRW 40T buyback-and-cancel program (24.07M shares, 3.3% of the count, executed over ~3 months from Aug 20) and lifted its shareholder-return target to over 50% of FCF, backed by ~KRW 69T of net cash; it is also weighing a first Japanese memory fab (Miyagi), and the July 2026 Nasdaq ADR broadens the investor base. On Aug 25 the Seoul shares reversed a 4.5% morning drop to close +0.4% at KRW 1,678,000 as the buyback and domestic buying absorbed foreign selling and the Kospi swung from -4% to +0.7%; Needham lifted its ADR target to $220 from $200, and the ADR closed +2.7% at $159.53 on Aug 25 (after-hours $159.27), recovering more than half of Monday's 4.9% drop. On Aug 26 the Seoul shares opened lower and then rose 1.2% to KRW 1,698,000 by 11:20 KST (day range 1,662,000-1,717,000) with the Kospi +0.9% and Samsung Electronics +2.1% as chipmakers were bought ahead of the Nvidia print; the stock is still ~9% below its 200-day average (~KRW 1,874,000). Seoul shares closed +0.6% at KRW 1,688,000 on Aug 26 (range 1,662,000-1,735,000) with the Kospi +1.0% at 6,808; the ADR was flat at $159.29 (-0.15%) at 10:37 EDT after a premarket dip on FT/Barron's pieces about China's YMTC targeting NAND leadership by 2027. SK hynix showed its full AI memory lineup (HBM, DRAM, eSSD) at the Dell Tech Forum, and Korea Herald notes the KRW 40T buyback plus Samsung's payouts could pull the won toward 1,340-1,350 per dollar, a mild tailwind for the USD value of the Seoul shares.
- 3750:HK CATL - buy (high) - CATL is the world's largest battery maker (~40% global EV battery share) and the clear leader in grid storage: H1 2026 revenue rose 55% to RMB 277B and net profit 42% to RMB 43.3B, with energy storage revenue up 88% to RMB 53B (nearly 20% of sales) as global storage deployments surge. It raised ~$5B in Hong Kong in April, announced a large buyback in July, Moody's moved its A3 outlook to positive in August, and on Aug 25 it agreed to pay RMB 2.56B (~$370M) for a 24.9% stake in Qiyuan Green Power, China's largest heavy-truck battery-swapping operator (1,600+ stations in 208 cities), making CATL the largest shareholder and the dominant player in commercial-vehicle swapping. The stock closed -2.7% at HK$621.00 on Aug 25 and -0.5% at HK$618.00 on Aug 26 (day range HK$616.50-632.00), giving back an early gain on no company news; Aug 26 reports say it plans 100 swap stations in Kunming with local state capital funding the assets, and CATL-backed CNTE supplied a 50.9 MW storage site in Germany. It is ~21% below its 52-week high, with scale, cost and chemistry (sodium-ion, LFP) advantages competitors cannot match.
- BE:US Bloom Energy - accumulate (medium) - Bloom's solid-oxide fuel cells have become a mainstream on-site power solution for AI data centers that cannot wait years for grid interconnects: Q2 2026 revenue jumped 166% to $1.07B with a 33% gross margin, and full-year guidance was raised to $3.9-4.2B revenue and $800-900M non-GAAP operating income. A 2.8 GW Oracle agreement and the Nebius Vineland win show the customer base broadening to hyperscalers and neoclouds, and the new Power Connect deployment system cuts installation time by over 40%. The Pelosi pop held all session on Aug 25 (close +6.6% at $217.45) but is fading on Aug 26: shares rallied 3.2% early to $227.34 and were back at $215.32 (-1.0%) by 10:48 EDT as the market waits for Nvidia; Investing.com notes Mizuho at Outperform, Jefferies Hold ($229) and Citi Neutral (reported $281 target), and the stock remains ~36% off its June high.
- ENR:DE Siemens Energy - accumulate (medium) - Siemens Energy is Europe's answer to GE Vernova: gas turbines, grid technologies (transformers, HVDC, switchgear) and wind. Fiscal Q3 2026 (June quarter) orders hit a record EUR 17.9B (book-to-bill 1.57), revenue grew 18.5% comparable to EUR 11.4B, profit before special items more than tripled to EUR 1.62B, pre-tax free cash flow rose to EUR 2.3B and the order backlog reached EUR 162B, with the Grid Technologies backlog alone at a record EUR 51B on transformer demand from US data centers; FY26 guidance was confirmed toward the upper end of the 10-12% margin range and Siemens Gamesa posted its first positive quarter in 15. The break-up question was answered on Aug 25: in an ad-hoc release after the Xetra close the boards said Siemens Energy is starting preparations for the legal and operational separation of the Transformation of Industry business area (steam turbines, generators, compressors, electrolyzers and industrial services: ~17,000 employees, FY25 revenue EUR 5.7B or ~15% of group, profit before special items EUR 646M (+70%), free cash flow EUR 686M, backlog ~EUR 8B) into a standalone industrial-energy-solutions company, deconsolidating it while retaining a meaningful minority stake, with options ranging from external investors (Goldman Sachs is running the process; CVC, EQT, Bain, Brookfield and KKR were reported as interested, and Bloomberg pegged the valuation above EUR 10B) to a capital-markets transaction. The first Xetra session was a non-event: shares traded EUR 150.76-153.32 and were at EUR 151.18 (-1.0%) at 16:29 CEST with the DAX -0.2% and the MDAX +1.1%, so there was no sell-the-news move. The sell side lined up behind the plan on Aug 26: Deutsche Bank Buy (EUR 210), Bernstein Outperform (EUR 210), RBC Outperform (EUR 200), JPMorgan Overweight (EUR 245) and Jefferies Buy, while Goldman's Buy (EUR 212) note models ~60% earnings growth to FY2030 and EUR 25B+ of shareholder returns; consensus target is ~EUR 198 and the stock is ~21% below the EUR 191.66 52-week high. A deconsolidation at EUR 10B+ would crystallise value for a ~EUR 5.7B-revenue unit, fund grid and gas-turbine capacity, and leave a cleaner AI-power pure play in gas, grid and wind.
- GEV:US GE Vernova - accumulate (high) - GE Vernova is the key bottleneck supplier of gas turbines and grid equipment for the AI power buildout: Q2 2026 orders rose 88% organically to $24.2B, total backlog is ~$176B, the gas turbine backlog reached 116 GW (targeting 125 GW under contract by year-end), and H1 free cash flow of $5.1B already exceeded all of 2025. Capacity is being scaled from 20 GW/yr today to 24 GW in 2028 and 30 GW in 2030 with pricing power rising. After a six-session, ~14% slide to $926.73 on Aug 25 on no company news, the stock bounced +1.8% to $943.71 by 10:38 EDT on Aug 26 (range $922.00-949.81) as two grid items landed: at CIGRE Paris it signed a joint venture with LS Electric, Grid X Technology, to design, build and test voltage-source-converter HVDC equipment (converter transformers first) at LS Electric's Busan base for Korea's government-led West Coast Energy Highway and then export markets, and it completed its SF6-free gas-insulated switchgear range with the 170 kV F35g; it also launched a medium-voltage UPS for AI data centers and put the 295 MW Azulao I gas plant in Brazil into commercial operation. The stock is ~21% below its 52-week high after a Q2 EPS miss.
- HOOD:US Robinhood Markets - accumulate (medium) - Robinhood posted record Q2 2026 revenue of $1.31B (+32% YoY) with a 57% adjusted EBITDA margin and $573M net income, while Gold subscribers hit 4.8M and margin, credit card and banking balances all set records. It is compounding into a full-stack retail financial platform (brokerage, crypto, banking, prediction markets, tokenization via Rothera/WonderFi), and the Clarity Act plus the crypto rally are near-term tailwinds; shares are ~28% off their 52-week high. After a 13% surge last week on Trump's Clarity Act endorsement and a bitcoin breakout, the stock gave back 4.2% to $103.62 on Aug 24, closed +8.2% at $112.09 on Aug 25 (bitcoin briefly above $80K, Webull's CEO citing a ~300% jump in crypto buy orders since FINRA scrapped the $25K pattern-day-trader rule, Goldman reiterating Buy on Coinbase and Robinhood, Bernstein sizing prediction-market volume at ~$240B for 2026 and ~$1T by 2030), and eased 1.9% to $109.91 by 10:48 EDT on Aug 26 as crypto-linked names cooled into the PCE print and Nvidia. The tokenization engine keeps building: Robinhood Chain's daily real-world-asset volume hit a record $85.1M on Aug 26 with stock tokens dominating, and Arcus added leveraged ETF-style contracts (e.g. 3x bitcoin) a day after launching pTokens that turn perp positions into transferable ERC-20s; IBD flags the stock as back in a buy area, and Goldman ($123) and Bernstein ($160) targets frame the upside.
- MELI:US MercadoLibre - accumulate (medium) - MercadoLibre is Latin America's dominant e-commerce, logistics and fintech platform. Q2 2026 revenue grew 49.8% to $10.17B, its fastest growth in four years and 30th straight quarter above 30%, unique active buyers rose to 89M (+18M YoY), the Mercado Pago credit book grew 75% to $16.4B with a deliberate shift to lower-risk borrowers, and adjusted EPS of $9.19 beat consensus. The stock fell to ~$1,813 after the print on margin compression and has recovered to $1,997 (+2.5% on Aug 25), still ~22% below its 52-week high, giving an entry into a non-US Internet compounder with a logistics-plus-payments moat comparable to Sea's.
- NET:US Cloudflare - buy (high) - Cloudflare's growth is re-accelerating on AI: Q2 2026 revenue rose 36% to $696M, dollar-based net retention improved 6 points to 120%, large customers grew 27% to 4,698, and full-year guidance was lifted to $2.86-2.87B. Its global edge network is the natural control point for agentic and bot traffic (non-human traffic now >50%), and Workers/AI inference give it a second growth engine beyond security and CDN. Shares fell 4.4% to $280.35 on Aug 24 in a software/cloud selloff and 1.0% to $277.58 on Aug 25, then rebounded +2.3% to $283.96 by 10:48 EDT on Aug 26 (range $272.38-286.60) on no company news even as software peers lagged (Intuit -4%, ServiceNow and Atlassian -2% after a hot PCE print); Cloudflare launched an AEO Visibility Dashboard that shows brands whether AI assistants recommend them, another agentic-web hook. We read the pullback as a better entry rather than a change in the story; consensus target is ~$334.
- SE:US Sea Limited - buy (high) - Sea grew Q2 2026 revenue 48% to $7.8B with all three engines firing: Shopee GMV +28% to $38.3B (ad revenue +70%, eight straight quarters of sequential growth), Monee fintech revenue +59% with an $11.1B loan book (+62%) at 1.0% NPLs, and Garena gaming still growing. The stock closed +6.5% at $123.18 on Aug 25 with no company-specific news (an EM/Internet bid alongside MercadoLibre +2.5% and post-Q2 target hikes from BofA, Barclays, Morgan Stanley and Benchmark) and gave back 2.6% to $119.93 by 10:37 EDT on Aug 26, again on no news, with MercadoLibre -1.1%; it is still ~37% below its 52-week high while consensus targets sit near $155, an unusual growth-at-a-discount setup for a Southeast Asian platform with a widening logistics and payments moat.
- 6861:JP Keyence Corp - buy (high) - Keyence is the picks-and-shovels supplier of machine vision, sensors and measurement systems for factory automation and the emerging humanoid/robotics supply chain; fiscal Q1 (June 2026 quarter) sales rose 33% to JPY 347B and net income 51% to JPY 139B, with overseas sales +39% (Asia +50%, Americas +31%). Operating margins above 50%, a 95% equity ratio and a direct-sales model with no factories give it one of the most durable moats in industrial tech; shares hit an all-time high in mid-August, pulled back ~7% with the global tech selloff, closed +1.7% at JPY 82,250 on Aug 25 and -0.9% at JPY 81,500 on Aug 26 (range 80,730-81,780) on no company news (Goldman added it to its APAC Conviction List in early August; consensus target ~JPY 97,400), about 7% below the record, a better entry.
- ASML:US ASML Holding - buy (high) - ASML is the sole supplier of EUV lithography and raised 2026 guidance for the second time to EUR 43-45B of sales at a 54-56% gross margin after a Q2 beat (EUR 9.3B sales, EUR 2.9B net income). Management says EUV capacity for 2027 is essentially fully booked with significant 2028 orders already in hand while it adds ~30% EUV capacity in 2027, giving rare multi-year revenue visibility in semicap. On Aug 25 BofA reiterated ASML as its top pick, calling the recent selloff unjustified; the ADR closed +0.2% at $1,744.16.
- TER:US Teradyne - accumulate (medium) - Teradyne is the leading supplier of automated test equipment for AI compute and HBM silicon and, via Universal Robots and MiR, the largest Western pure-play in collaborative and mobile robots. Q2 2026 revenue more than doubled to $1.33B (+104% YoY) with gross margin up to 59.8%, operating income up nearly 5x to $441M and EPS of $2.38 vs $0.49 a year ago, while robotics grew 33% to ~$100M; AI-related demand is now roughly 70% of revenue. Shares closed +0.4% at $366.43 on Aug 25 (dividend declared Aug 24) and are ~25% below their 52-week high after the semis selloff, adding physical-AI and semi-test exposure the list lacks.

## Bellwether changes

- b200_rental: $5.50-6.80/hr at neoclouds (RunPod $5.98-6.79, Lambda $6.69); ~$5 in Jan-26/bullish -> $5.50-7.00/hr at neoclouds (RunPod B200 $5.98-6.79, Lambda $6.69-6.99); RunPod B300 $6.94-7.89; Silicon Data B200 index $5.66; ~$5 in Jan-26/bullish
- memory_prices: +13-18% QoQ 3Q26 (after +93-98% 1Q26, +58-63% 2Q26); TrendForce now sees server DRAM ~+270% cumulative in 2026, HBM +70-140% in 2027; DDR5 16Gb spot $54.17 (flat)/bullish -> +13-18% QoQ 3Q26 (after +93-98% 1Q26, +58-63% 2Q26), 4Q26 guided +3-8%; Korea DRAM export price $92,183/kg (+401% y/y); 2027 HBM contract seen +50% to +79%; DDR5 16Gb spot $54.00 (-0.3% d/d)/bullish

## Calendar changes

- added 2026-09-09 MACRO US Treasury 10-year note auction (3-year on Sep 8, 30-year on Sep 10; amounts announced Sep 3)
- added 2026-09-10 MACRO US PPI August and weekly jobless claims (30-year bond auction 13:00 ET); CPI follows Sep 11, outside this window
- added 2026-09-10 ORCL Oracle Q1 FY2027 results (macro read; Sep 10 per Seeking Alpha preview, Oracle has not announced the date)

## New news (19)

- 2026-08-26 [neutral] MACRO: July PCE 3.7% y/y vs 3.6% expected, core 3.3% in line; Q2 GDP unrevised at 1.5% - Headline PCE rose 0.2% m/m and 3.7% y/y (June 3.7%, consensus 3.6%); core 0.2% m/m and 3.3% y/y matched. Q2 GDP held at 1.5% annualised with the Q2 core PCE index revised up to 3.6%, durable goods beat at +1.1%, and CME pricing after the data has September at 61% hold / 39% hike with the 10-year at 4.66%. <https://www.bea.gov/news/2026/personal-income-and-outlays-july-2026>
- 2026-08-26 [positive] MACRO: Iran and Oman agree 7-mile temporary Hormuz corridor; Iran says strait stays shut until US delivers sanctions relief - Iran's deputy foreign minister announced an 11km-wide route through Iranian waters with vessels needing Iranian permission, while insisting Hormuz will not reopen until the June MoU commitments are met; Trump told Al Jazeera he has no timetable for talks and expanded sanctions on 60 entities. WTI is $81.77 (-0.7%) and Brent $86.66 after a 2%+ drop, with EIA crude inventories up only 0.1M barrels vs 1.6M expected. <https://www.aljazeera.com/news/2026/8/26/iran-oman-agree-on-temporary-hormuz-route-what-we-know>
- 2026-08-26 [negative] MACRO: Canada matches new US 50% tariffs on ~$20B of goods from September 8; Trump says 'time to teach Canada' - After talks collapsed the US imposed 50% duties on about $20B of Canadian imports from August 24; Canada announced dollar-for-dollar 50% tariffs on ~700 US products effective September 8 plus aid for affected firms. Trump told Glenn Beck it is 'time to teach Canada you can't do this anymore'; USD/CAD 1.39, TSX futures -0.1%. <https://www.investing.com/news/world-news/trump-time-to-teach-canada-you-cant-do-this-anymore-4877422>
- 2026-08-26 [neutral] NVDA: Nvidia options imply a 5.4% move; street wants networking near $17B - Options price a ~$280B swing, below the 6.5% implied in May and the 7.4% 12-quarter average. Networking, ~$15B last quarter, is expected near $17B (+~134% y/y) versus ~100% growth for compute; the stock is $210.56 intraday, -1.2%. <https://finance.yahoo.com/markets/article/nvidia-earnings-could-reveal-its-fastest-growing-business-isnt-chips-chart-of-the-day-100000332.html>
- 2026-08-26 [neutral] MU: Micron names Bhatia President and COO, DeBoer President and CTPO - Manish Bhatia becomes President and Chief Operating Officer and Scott DeBoer President and Chief Technology and Products Officer, effective immediately; Chief Business Officer Sumit Sadana moves to senior advisor to the CEO. <https://www.tipranks.com/news/the-fly/micron-promotes-manish-bhatia-to-coo-thefly-news>
- 2026-08-26 [neutral] OPENAI: SoftBank weighs $10-20B bond sale to repay its $40B OpenAI bridge loan - Bloomberg says SoftBank is talking to banks about a dollar/euro deal, possibly a 144A, as early as September, to refinance the bridge loan behind its ~$65B OpenAI commitment due by October. SoftBank says nothing is decided; its shares rose 2.8%. <https://www.investing.com/news/stock-market-news/softbank-weighs-up-to-20-bln-bond-sale-to-refinance-openai-loan--bloomberg-4876268>
- 2026-08-26 [neutral] MRVL: Marvell preview: options imply 10.3%, Q3 bar $3.03B - Consensus for Thursday is $2.72B revenue (+35%) and $0.93 EPS; Benchmark ($275) expects a $3.03B/$1.09 Q3 guide. Options imply a 10.3% move versus ~12% over the last four quarters; consensus target $291. <https://www.tipranks.com/news/marvell-stock-mrvl-prediction-heres-what-to-expect-from-q2-earnings-tomorrow>
- 2026-08-26 [positive] TSM: Taiex +1.5% to 45,833 into Nvidia; TSMC closes NT$2,415 (+0.6%) - Taiwan shares rose 663 points on NT$804B turnover ahead of Nvidia's report; 2330 closed at NT$2,415, up NT$15. Kospi +1.0% with SK hynix +0.6% and Samsung +1.8%. <https://focustaiwan.tw/business/202608260013>
- 2026-08-26 [positive] META: Meta settles 29-state teen social media trial for up to $16.68B - Meta agreed mid-trial to pay up to $16.68B and adopt default daily time limits for teens, nighttime restrictions, stronger age assurance and expanded parental controls, without admitting wrongdoing. School-district and personal-injury cases continue; shares spiked to $593.34 before settling near $574. <https://www.investing.com/news/stock-market-news/meta-reaches-1668-billion-settlement-over-social-media-case-4877423>
- 2026-08-26 [neutral] BABA: Alibaba completes HK$80B placement of 710M shares; 9988 closes HK$116.60 - The placing at HK$112.70 closed with ~60% (HK$47.9B) of net proceeds for global computing infrastructure and ~40% (HK$31.9B) for AI data centres and cloud. Hong Kong shares closed up 2.1% at HK$116.60, 3.5% above the placing price. <https://www.stocktitan.net/news/BABA/alibaba-group-announced-completion-of-hk-80-billion-placing-of-new-dni1cwoxpqcp.html>
- 2026-08-26 [positive] AMZN: AWS to acquire DuckLabs, maker of DuckDB - AWS signed a definitive agreement to buy the Amsterdam-based DuckDB developer for an undisclosed price, closing as soon as next month. DuckDB stays MIT-licensed under the DuckDB Foundation and the co-founders join AWS to fold the engine into its analytics services. <https://www.tipranks.com/news/amazons-aws-acquires-ducklabs-to-bring-duckdb-analytics-to-enterprise-cloud>
- 2026-08-26 [neutral] GOOGL: Moonshot AI in talks to have Google, Amazon and Microsoft host Kimi K3 - Reuters reports China's Moonshot AI is negotiating revenue-sharing agreements that would let Google Cloud, AWS and Azure host its Kimi K3 model. No dollar figures or timing were disclosed. <https://www.tipranks.com/news/the-fly/moonshot-ai-discusses-agreements-with-microsoft-amazon-google-reuters-says-thefly-news>
- 2026-08-26 [neutral] ENR: Siemens Energy flat on first session after separation news; five brokers reiterate buys - Shares traded EUR 150.76-153.32 and were EUR 151.18 (-1.0%) at 16:29 CEST, in line with a -0.2% DAX, so no sell-the-news move. Deutsche Bank (Buy, EUR 210), Bernstein (Outperform, EUR 210), RBC (Outperform, EUR 200), JPMorgan (Overweight, EUR 245) and Jefferies (Buy) all backed the plan. The unit being separated made EUR 646M profit before special items (+70%) and EUR 686M FCF in FY25 on EUR 5.7B revenue; no buyer, price, brand or timeline yet. <https://www.investing.com/news/stock-market-news/siemens-energy-starts-plans-to-spin-off-industrial-unit-as-power-demand-surges-4876408>
- 2026-08-26 [positive] GEV: GE Vernova and LS Electric form HVDC joint venture Grid X Technology; shares +1.8% - Signed at CIGRE Paris on Aug 25: the JV will design, manufacture and test voltage-source-converter HVDC equipment (converter transformers first) at LS Electric's Busan base, targeting Korea's West Coast Energy Highway before exporting. Stakes and investment not disclosed. GEV bounced to $943.71 (+1.8%) by 10:38 EDT after a six-session, ~14% slide. <https://www.thelec.net/news/articleView.html?idxno=13342>
- 2026-08-26 [neutral] SKHY: SK hynix +0.6% in Seoul as Kospi hits 6,808; Chinese memory rivals dominate the headlines - Seoul close KRW 1,688,000 (+0.6%, range 1,662,000-1,735,000); ADR flat at $159.29 at 10:37 EDT after a premarket dip on FT/Barron's pieces about YMTC targeting NAND leadership by 2027. Korea Herald says CXMT is close to validating LPDDR6 for Xiaomi's Xring O3 ahead of SK hynix's H2 supply start. Digitimes puts the union's rejection of the wage deal at a 25-vote margin; no new talks scheduled yet. <https://www.koreaherald.com/article/10852961>
- 2026-08-26 [neutral] BE: Bloom's Pelosi rally fades: +3.2% early to $227.34, then $215.32 (-1.0%) by 10:48 EDT - Investing.com attributed the early pop to continued follow-through on the Pelosi disclosure (15,000 shares plus 200 June-2027 $100 calls) and the raised $3.9-4.2B guide; Mizuho is at Outperform, Jefferies Hold ($229), Citi Neutral. The reversal in a flat tape shows how thin the disclosure-driven bid is ahead of Nvidia. <https://www.investing.com/news/stock-market-news/why-is-bloom-energy-stock-rallying-today-93CH-4877404>
- 2026-08-26 [neutral] AVGO: Broadcom -1.0% to $353; options price a 7.3% move on the Sep 2 print - Shares slipped to $353.13 by 10:37 EDT (range $351.12-359.47) into Nvidia. Options imply a 7.3% earnings move; the stock beat the implied move in 3 of the last 8 reports. RBC says Broadcom is set for a beat-and-raise on networking momentum, with TPU share and gross margins the items to watch; BMO ($455, Outperform) wants the $100B FY27 AI revenue target held or raised. <https://www.investing.com/news/stock-market-news/broadcom-options-signal-73-move-on-sept-2-earnings-report-93CH-4877501>
- 2026-08-26 [neutral] ANTHROPIC: Anthropic to watermark Claude text worldwide for the EU AI Act; Shopify CEO row over AGENTS.md - IT Brief Asia reports future Claude models will carry text watermarks globally at launch because Anthropic cannot yet limit them by region, a compliance step that may unsettle some enterprise users. Separately, Shopify's CEO threatened to drop Claude Code after Anthropic closed a request to support the AGENTS.md agent-instruction standard; Anthropic has since responded (The New Stack, Aug 25). Zoom's earnings also drew attention to its Anthropic stake (a $51M bet now valued at $1-4B). <https://itbrief.asia/story/anthropic-to-add-text-watermarks-to-future-claude-models>
- 2026-08-26 [neutral] 1211.HK: BYD -1.1% to HK$92.60 two days before interim results; Ulaanbaatar MoU covers EVs, fast charging, storage and SkyShuttle - HK close HK$92.60 (range 91.75-94.10) on no company news ahead of Friday's H1 results. BYD Battery signed a framework MoU with Mongolia's capital on EV adoption, an urban fast-charging network, battery storage and a SkyShuttle transit line; no figures or timeline. Interim results due Aug 28. <http://autonews.gasgoo.com/articles/news/2092173508275884032>

## Notes

**holdings A**: Checked all 8 via stockanalysis.com (prices as of 10:36 ET / 14:36 UTC, about an hour after the open), 9988.HK Wednesday close, and Google News RSS feeds per ticker. WebSearch budget was exhausted (200/200) so this run was WebFetch-only. Macro backdrop from investing.com: July PCE +0.2% m/m, 3.7% y/y (3.6% consensus), core +0.2% m/m and 3.3% y/y (in line); Q2 GDP second estimate 1.5% (in line, from 2.1%); ~60% odds of a Fed hold in September; US stocks opened lower, bitcoin ~$78,100 (-1.4%). New and material: META settlement (up to $16.68B, 29 states, product changes); BABA placement completion (710M shares, use of proceeds) plus the Qwen3.8-Flash-Next release; AWS-DuckLabs; Moonshot AI hosting talks. Quiet: AXOS (only 13F chatter), ENPH (no new tariff action; Section 232 polysilicon MIP from Aug 7 stands), LDI (no news, $0.88). FIGR -7.8% with no explanation found in newsroom, TipRanks, MarketBeat or RSS; SEC EDGAR was blocked (403). Blocked or timed out: CNBC, Forbes, AP, Guardian, Politico, NPR, Courthouse News (so the Google search-remedies oversight-body item could only be confirmed by headline), Business Wire (Alibaba release; used Stock Titan mirror instead), GlobeNewswire (BABA class action; class period unknown), Yahoo Finance. The AOL 'DeepMind leadership shake-up' headline is a rehash of the Aug 6-22 changes, not new. Analyst notes today: none found for the 8 names beyond TipRanks' META consensus (38 of 43 Buy, avg target $753).

**holdings B**: WebSearch budget was exhausted (200/200) so everything came via WebFetch. Checked: stockanalysis intraday quotes at ~10:37 EDT for NVDA, MRVL, MU, TSM, NFLX, RKT; Taipei 2330 close and Focus Taiwan Taiex close; KRX SK hynix and Samsung closes and Kospi via investing.com; investing.com 10-year yield (4.663%, +2.4bp) and PCE article; Google News RSS for all eight names (RSS redirect links do not resolve in WebFetch, so I re-fetched real URLs via Yahoo/Investing/TipRanks news pages). Blocked: Reuters, Barron's, MarketWatch, Axios, CNBC quotes (403), Yahoo SFTBY page (503), GlobeNewswire Micron release (timeout; confirmed via TipRanks/TheFly instead), BEA Q2 GDP second estimate (release not located; GDP figure omitted). Quiet: Stripe (only ASEAN payment methods, a gig-work survey and an ElevenLabs customer mention from a Turkish outlet I could not verify), Netflix (content announcements only), no new Nvidia analyst target changes found beyond those already in the Aug 25 take. Investing.com re-ran the $280B options story under a new ID (4876632); I sourced the NVDA item to the Yahoo networking piece instead to avoid a near-duplicate. Marks for STRIPE (2.27) and OPENAI (5.43) unchanged.

**watchlist/loves**: Window: 02:53-14:40 UTC Aug 26. Macro: July PCE 3.7% YoY vs 3.6% expected, Sept hike odds ~44% (from 36%); S&P -0.1%, Nasdaq -0.3% at 14:18 UTC; Nvidia -1.2% into its after-close print (consensus revenue ~$91-92B). Moved: ENR first Xetra session after the ad-hoc was flat (-1.0% at EUR 151.18 with ~1h to go; Xetra close not yet printed at 14:40 UTC, Tradegate EUR 152.00 at 16:43 CEST), analysts uniformly positive (DB/Bernstein EUR 210, RBC 200, JPM 245, Goldman 212), no brand name announced (a finanzen.net snippet mentioning 'Omterra' could not be verified and was not used). GEV +1.8% on the LS Electric HVDC JV. NET +2.3% against weak software. BE faded from +3.2% to -1.0%. SE -2.6%, HOOD -1.9%, CRDO -2.2%, TER -1.7%, AVGO -1.0%, MELI -1.1%; ALAB, ASML, SKHY flat. Asia closes: CATL HK$618.00 (-0.5%), Keyence JPY 81,500 (-0.9%), SK hynix KRW 1,688,000 (+0.6%), Kospi 6,808 (+1.0%). FX used (open.er-api, Aug 26 00:02 UTC): EUR 0.8569/USD, HKD 7.8385, JPY 159.25, KRW 1,383. Quiet: ALAB, CRDO (Mizuho '3 AI stocks to own' note could not be opened; Pluang 'sell on valuation' blog), MELI (only 13F filings), ASML (BofA top-pick repeat; MATCH Act China headline), TER, Cloudflare blog (last post Aug 24), Cursor (nothing since Aug 24), Spotify (-1.1% to $546; EQUAL 5-year singles, Forbes ad-skipping opinion piece), Apple (+0.7% to ~$312; Evercore Outperform $365 on the Mac refresh; TheFly relayed a Bloomberg report of a foldable iPhone at a Sept 9 event but it could not be opened, so not used). No status/conviction changes. No add proposed: nothing seen in the window is clearly better than the weakest entry (TER/MELI); Zoom-as-Anthropic-proxy considered and rejected (core business shrinking, stake is $1-4B on a ~$27B cap). Not available at write time: Nvidia results, US closes, ENR official Xetra close; next run should capture all three. Yahoo Finance quote-news pages returned 503 throughout; Google News RSS article links do not resolve via fetch.

**indicators/calendar**: PART 1. Verified Aug 27 AEST: Silicon Data index page unchanged (H100 $2.68, 0.0% 7d; A100 $1.61; B200 $5.66; MI300X $2.65) so h100_rental omitted (no new reading). RunPod page now shows a B300 tier ($6.94/$7.89) with B200 unchanged; Lambda unchanged; b200_rental refreshed. DRAMeXchange Aug 26 spot (DDR5 $54.00, -0.31%) plus TrendForce Aug 25 (HBM 2027 +50%/UBS +79%) and Aug 26 (Korea DRAM export $92,183/kg, +401% y/y) drive the memory_prices update. Google News scans for CoreWeave, ERCOT, hyperscaler capex, GPU rental and Nvidia turned up no new observable readings: CoreWeave items were Rescale partnership, fund-holding filings and a GBP25M DataVita loan for a Glasgow site (CoStar, not fetchable); ERCOT items were commentary on the audit gate (JD Supra, Needham); no new Nvidia pre-print supply datapoint and results not yet out. hopper_residual, dc_cost_per_gw, power_bottleneck, capex_vs_backlog, neocloud_credit, nvidia_dc therefore omitted. Could not fetch: CNBC Aug 26 piece on CME compute futures (403), CME media room (timeout), TrendForce presscenter had nothing new after Aug 25. WebSearch budget was exhausted; all work done via WebFetch on primary pages and Google News RSS. PART 2. US CPI (August) is Sep 11 at 08:30 ET per TradingEconomics (bls.gov returns 403), so no CPI event in the window; added Sep 10 PPI/claims/30-year auction and Sep 9 10-year auction instead. Oracle has not announced its Q1 FY27 date (IR news/events pages empty, no press release in Google News); Seeking Alpha (Aug 25) works off Sep 10, so it is listed as TBC/unconfirmed. Apple: as of Aug 26 MacRumors still reports invites expected, none sent; existing Sep 9 TBC entry stands. Warsh 10:00 ET and Bowman 12:45 ET on Aug 28 confirmed on federalreserve.gov August calendar; Marvell 1:45 pm PT Aug 27 confirmed on investor.marvell.com; BYD release time still unpublished (no HKEX detail found), existing TBC entry stands. Conference appearances: Google News and IR-page checks found no verified Sep 1-10 slots for holdings/watchlist names at Communacopia, Citi TMT, Deutsche Bank Tech or Jefferies (announcements found were for Zillow, Airbnb, SoFi, GoDaddy, Wix, CDW, Uniti, Criteo, Dell - none in scope; Dell's Aug 25 release does not name the conferences). Micron, Astera Labs, Bloom, Robinhood, Enphase, GE Vernova and Teradyne event pages were dynamic, 404 or timed out; Credo shows only its Sep 1 call; Cloudflare's events page shows no upcoming events, so the NET Sep 9 slot remains unverified. No removals.

**macro**: WebSearch budget was exhausted (200/200) so everything came via WebFetch. Sources opened: bea.gov July PCE release and Q2 GDP second-estimate release (GDP 1.5% unrevised, Q2 core PCE 3.6%, corporate profits +$400.9B); investing.com PCE article (4877193), Wall St open wrap (4877344, S&P 7,666.88 -0.14% at open), Fed rate monitor (Sept 61.3% hold / 38.7% hike at 10:15 ET), forex wrap (4876252: DXY 99.14 +0.3%, USD/JPY 158.97, EUR/USD 1.16, Collins says hikes may be needed soon), yields wrap (4876453: 2y 4.176% -1bp, 10y 4.643% +2bp, 30y 5.166%, Bessent doubling long-end buybacks to $4B per op and may draw on ~$940B TGA), durable goods (4877171, +1.1% vs 0.4%), EIA (4877495, +0.095M vs 1.6M), oil wrap (4876083), Europe wrap (4876389: Schnabel says further tightening necessary, Brent -2.6% intraday), Reuters Morning Bid (4876704: $70B 5-year auction today), premarket movers (4876895: Intuit -11.8% on FY27 guide, Semtech +10%, SolarEdge +6% on UBS upgrade), Canada tariff pieces (4876920, 4877422), Meta settlement (4877295 / 4877368: $16.68B over 10 years with 29 states, $10B Q3 accrual, stock $569.84 flat after $593 pre-market high; behavioural terms include 2-hour default teen caps), Alibaba Qwen3.8-Flash (4877431: 125B params, $0.16/$0.47 per M tokens, claims parity with Opus 4.6), DOJ says China-sponsored hackers breached DOJ/NASA/Fed/Senate (4877506), Al Jazeera Hormuz explainer and Trump interview ('Operation Economic Outcast', 60 entities). Live quotes from investing.com at ~10:40 ET / 14:40 UTC: SPX 7,671.06 -0.08%, NDX 29,152.70 -0.19%, SOX 11,541.6 -0.40%, US10Y 4.663%, WTI 81.77 -0.7%, Brent 86.66, BTC 78,138 -1.4%, AUD/USD 0.7174 +0.1%, DXY 99.22 +0.3%, NVDA 210.69 -1.1%. Asia closes from investing.com index pages: Nikkei 66,262.16 +0.62%, Topix 4,111 +0.42%, Kospi 6,808.21 +0.97%, HSI 25,652.97 +0.56%, Shanghai 3,912.52 +0.59%, Taiex 45,832.62 +1.47%, ASX 200 9,127.80 -0.40%. Europe levels are 10:40 ET (about 50 minutes before the 11:30 ET close), not final closes: Stoxx 600 658.04 +0.24%, DAX 26,378 +0.36%, CAC 8,491 +0.62%, FTSE 100 10,907 +0.19%, Euro Stoxx 50 6,487 +0.49%. Unavailable: Google News RSS article links do not redirect via WebFetch, so Reuters 'Fed seen more likely to hike', CNBC/FT Bessent pieces, SCMP 'China vows payback for US Iran sanctions', Bloomberg Huawei-Egypt data centre, Morgan Stanley $3.1T off-balance-sheet AI commitments, Axios NVDA losing-streak and Yahoo prediction-market previews could not be opened; cnbc.com, sharecast.com and investing.com/news/economy-news returned 403; no whisper numbers found beyond the $92.18B / $104.20B consensus; no Salesforce preview found; Meta settlement left to the holdings agent.

Nothing here is financial advice. Holdings and opinions are my own; the "agent" sections are written by an automated research skill and may be wrong. Built 2026-08-27 02:52 UTC.