Company Notes

We believe FQ2 (Sep) results and outlook from Flex (FLEX; $34.33; O/P), scheduled for October 30th (before market), should further highlight its ability to continue to steadily improve margins and cash flows even in the…

We expect Western Digital’s (WDC; $66.95; O/P) FQ1 (Sep) results and outlook to at least live up to our slightly above consensus expectations when it reports next Thursday (10/24 after market), led by its HDD…

For the second quarter in a row, Seagate (STX; $111.79; E/W), reporting FQ1 (Sept) results and outlook next Tuesday (10/22 after market), guided up with a month to go in the quarter with the news…

This morning, Dell Technologies (DELL; $127.66; O/P) announced several new integrated rack-scalable system, server, storage and data management solutions as part of its Dell AI Factory initiative. Recall, Dell’s AI factory solutions are aimed at…

This morning, Jabil (JBL; $125.80; O/P) announced that it is expanding its white box server portfolio with the addition of two new high-performance servers that feature Advanced Micro Devices’ (AMD; $165.27; NR) fifth-generation EPYC and…

This morning, Flex (FLEX; $35.41; O/P) announced from the Open Compute Project (OCP) Global Summit in San Jose that it was launching several new reference designs for liquid-cooled servers, racks, and power products for GenAI…

Last week, Dell Technologies (DELL; $128.16; O/P) announced some additions to its Dell AI Factory and hosted a “Dell AI for Telecom” Webinar that included a conversation with management from Nvidia (NVDA; $138.75; NR). Recall…

This morning, Celestica (CLS; $62.92; O/P) announced the launch of its latest 800G data center switch that expands on its Hardware Platform Solutions (HPS) portfolio, which represents the company’s higher margin Original Design Manufacturing (ODM)…

We assume Tesla’s (TSLA; $244.33; NR) robo-taxi launch on Thursday (10/10) raises questions around Aptiv’s (APTV; $69.62; E/W) ability to integrate cutting edge artificial intelligence (AI) into its advanced driver assistance systems (ADAS) as well…

This morning, Hyzon Motors (HYZN; $2.26) announced the start of production (SOP) of its single stack 200kW fuel cell system (FCS) at its manufacturing facility in Bolingbrook, IL, which is consistent with the company’s prior…

Last night after the close, Benchmark Electronics (BHE; $43.69; E/W) announced that it appointed Bryan Schumaker as CFO (effective October 8th). Recall, the company appointed Arvind Kamal as interim CFO back in March after BHE’s…

Last week, Mobileye Global’s (MBLY; $12.33; E/W) CEO Amnon Shashua and CTO Shai Shalev-Shwartz presented to the company’s employees on how its artificial intelligence (AI) strategy ties into its autonomous driving system roadmap, which we…

This morning, Lucid Group (LCID; $3.40; E/W) announced it delivered a better than expected 2,781 vehicles (+16% QoQ and +91% YoY) during Q3, while also producing 1,805 vehicles (-15% QoQ and +17% YoY). By comparison,…

Late last week, Amkor Technology (AMKR; $30.50; E/W) announced a memorandum of understanding (MoU) with TSMC (TSM; $181.16; NR) whereby AMKR would expand its outsourced supply agreement of advanced semiconductor packaging solutions to include planned…

This morning, Uber Technologies (UBER; $72.95; O/P) announced a multi-year strategic partnership with autonomous robot and vehicle technology provider Avride to ultimately deploy Avride-powered autonomous delivery robots and vehicles on Uber’s rideshare and delivery network….