Company Notes

This morning, Uber Technologies (UBER; $72.15; E/W) announced yet another autonomous driving partnership that we think highlights the company’s global scale and network advantages. Specifically, Uber is entering a strategic partnership with Pony AI (PONY;…

This morning, SanDisk (SNDK; $655.00; O/P) entered into a private placement agreement with Nanya Technology (2408.TW; NT$226.50; NR) in which it agreed to purchase ~139mm shares of Nanya common stock for ~$1B based on ~15%…

On Monday morning (3/23), Mobileye (MBLY; $7.12; E/W) announced that a leading U.S. automaker plans to integrate its Driver Monitoring System (DMS) into future vehicles equipped with its EyeQ6L system-on-chip (SoC). Importantly, this win, which…

This morning, Vertiv (VRT; $269.45; E/W) announced an interesting acquisition along with updates on its expansion plans, which all should add confidence to the idea that the company is positioning itself to more than keep…

We found more reasons to believe last week, especially after attending OFC in Los Angeles, that the recent 19% decline in the shares of TE Connectivity (TEL; $195.84; O/P), which came in less than a…

Yesterday, Uber Technologies (UBER; $75.34; E/W) announced a partnership with Rivian Automative (RIVN; $16.12; NR) that adds to what has become the company’s very long list of autonomous rideshare partnerships that span the globe. Additions…

We believe the recent 16% decline in the shares of Amphenol (APH; $130.65; O/P), which leaves the stock at the low end of its recent five-month trading range, proves an excellent buying opportunity for investors…

The shares of Micron (MU; $444.27; O/P) inexplicably traded down 4% yesterday after yet another massive “beat and raise”. In fact, the immediate result is the stock de-rated substantially given how we see Street estimates…

Earlier this week, we toured Corning’s (GLW; $131.90; E/W) trade show booth at OFC in Los Angeles where we had the opportunity to meet with a number of managers, led by Michael O’Day, Senior VP…

We reiterate our Outperform and $400 target on the shares of Celestica (CLS; $273.58) after hosting an investor meeting earlier this week at OFC in Los Angeles, where we met with the IR team, including…

We reiterate our Outperform and raise our target from $265 to $320 on the shares of Jabil (JBL; $258.67; O/P) as we increase our F2026/2027E (Aug) EPS from $11.55/$13.00 to $12.30/$14.75 We think all of…

We reiterate our Outperform and $600 target on the shares of Fabrinet (FN; $500.02) after attending its Investor & Analyst Q&A yesterday as part of our visit to OFC in Los Angeles, where we heard…

On Friday (3/13), Uber Technologies (UBER; $73.33; E/W) added yet another piece of news for the week on the autonomy front, which is after already disclosing a strategic agreement with Zoox, a Tokyo specific MOU…

The news around Uber Technologies (UBER; $73.41; O/P) Autonomous Solutions continued to flow with word last night that it signed an MOU with AI software provider Wayve and Nissan to collaborate on developing robotaxis for…

This morning, Corning (GLW; $132.66; E/W) announced a collaboration with US Conec to become a licensee of PRIZM TMT optical ferrule technology, which enables higher fiber counts in tighter spaces inside data centers. Recall, ceramic…