Company Notes

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…

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…

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%…

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…

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…

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…

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…

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…

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;…

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…

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…

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…

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…

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…

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…