May 30, 2023
We think recent news flow from Uber Technologies (UBER; $37.56; O/P) further highlights how the company can drive more and more near-term AI and machine learning outcomes “at the edge” over time through its shared…
May 30, 2023
We think last week’s Capital Markets Day from Ford (F; $12.59; NR) and FQ1 (Apr) results from NVIDIA’s (NVDA; $401.11; NR) bode especially well for electrification, active safety (Level 2+ autonomy) and software-defined vehicle stories…
May 24, 2023
We see favorable risk/reward around the shares of ChargePoint (CHPT; $8.36; O/P) into the company’s FQ1 (Apr) results and outlook, which are scheduled for next Thursday (6/1 after market). The stock is now down 26%…
May 24, 2023
We are concerned our and Street forecasts for Dell Technologies (DELL; $45.43; E/W) go through another round of cuts after its FQ1 (Apr) print next Thursday (6/1 after market). Recall, Dell’s F2024E (Jan) outlook called…
May 24, 2023
We are reducing our 2023/2024E EPS for Corning (GLW; $31.71; E/W), which were already below consensus, from $1.90/$2.20 to $1.80/$2.07 (vs. the Street’s $2.00/$2.38), to take a more conservative demand stance around the company’s Optical…
May 24, 2023
We believe out-quarter consensus thinking for NetApp (NTAP; $66.46; E/W) once again proves too optimistic, especially on the top line, when the company reports FQ4 (Apr) results and outlook next Wednesday (5/31 after market). On…
May 23, 2023
Dell Technologies’ (DELL; $46.57; E/W) Co-COO Jeff Clarke led an interesting keynote earlier today during the second day of Dell Technologies World. The talk further highlighted the company’s accelerating pace of innovation that we see…
May 23, 2023
This morning, Uber Technologies (UBER; $39.57; O/P) and Waymo, which is owned by Alphabet (GOOGL; $123.86; NR), announced a new, multi-year strategic partnership to integrate Waymo’s self-driving system (Waymo Driver) into certain portions of Uber’s…
May 22, 2023
We listened to the Dell Technologies World keynote earlier today from Dell’s (DELL; $47.54; E/W) CEO Michael Dell and co-COO Chuck Whitten, along with some brief customer presentations by executives from CVS Health (CVS; $69.42;…
May 22, 2023
It has now been well-reported that Micron (MU; $65.22; E/W) received notice yesterday from the Cyberspace Administration of China (CAC) that it believed its products presented a cybersecurity risk. This news comes after the CAC…
May 19, 2023
Earlier this week, BlackBerry (BB; $5.36; NR) hosted an Analyst Summit, which we think provided more support for Aptiv’s (APTV; $94.63; O/P) increasing focus on software innovation following its $3.5B acquisition of Wind River (“Wind…
May 17, 2023
Earlier today, Uber Technologies (UBER; $37.92; O/P) rolled out a range of new and complementary product features across both its Mobility and Delivery businesses (50% and 45% of 2023E gross bookings) as part of the…
May 17, 2023
This morning, Sensata (ST; $41.00; O/P) announced the launch of a new compact battery management system (BMS), under the “catchy” branding of c-BMS24X. More to the point, Sensata believes its new BMS meets demanding requirements…
May 17, 2023
Last night, Lyft (LYFT; $8.24; E/W) announced CFO Elaine Paul, who just joined in January of last year, is now stepping down from her role effective Friday (5/19). This news does not come entirely as…
May 12, 2023
Polestar Automotive (PSNY; $3.34; O/P) lowered its full 2023E vehicle deliveries outlook from ~80K (+55% YoY) to 60-70K (+16-36% YoY) with the release of its Q1 results, which also included a range of other “puts…