NTAP: Insight Highlights NTAP’s GenAI Path Forward

Yesterday, we attended NetApp’s (NTAP; $122.92; E/W) Insight user conference in Las Vegas where we joined the company’s Financial Analysts Session before listening in on a keynote from CEO George Kurian, who was joined on…

CHPT: Announces Partner Awards

On Friday (9/20), ChargePoint (CHPT; $1.37; E/W) disclosed it received $19mm+ in awards, through its partners, to deploy 248 direct current fast charging (DCFC) ports at 45 sites along certain highways in California. These awards…

CART: Some Technology Driven News to Consider

We think recent news out of Maplebear, doing business as Instacart (CART; $42.14; E/W), provides further support for longer term operating leverage available to the company from its advertising offering ($910mm of LTM sales or…

MU: Oversold Into Earnings

We think the shares of Micron (MU; $89.40; O/P) will prove oversold when the company reports FQ4 (Aug) results and outlook on Wednesday (9/25 after market). Admittedly, Micron is now seeing inventory builds in the…

GLW: Getting at the Heart of the Springboard Matter

We reiterate our Outperform on the shares of Corning (GLW; $44.43) after visiting its largest optical fiber manufacturing facility yesterday (9/19) in Concord, NC. During our visit we heard presentations from and had offline discussions…

Summer Auto Data Points Raise Questions

Yesterday, the European Automobile Manufacturers Association released new car registration data from the region for the month of August, which was basically in line with typically weak MoM seasonal trends. At the same time, registrations…

JBL: At Peak Pre-Earnings Hand Wringing

We assume Street forecasts are set appropriately for Jabil (JBL; $107.85; O/P) ahead of the company’s FQ4 (Aug) results and outlook next Thursday (9/26 before market), which will include a Seventh Annual Investor Briefing and…

TEL: Announces Some Segment Reorganization

Yesterday after the close (9/17), TE Connectivity (TEL; $145.77; O/P) disclosed in an 8-K that it is reorganizing its management and reporting segment structure, beginning with its upcoming FQ1E (Dec), to better align with the…

FLEX: Plant Tour Highlights Hard to Match Cloud Offering

We reiterate our Outperform and $40 target on the shares of Flex (FLEX; $30.85) after visiting its facilities in Guadalajara, Mexico with investors yesterday (9/17). The plant tours and discussion with management, including Interim CFO…

HYZN: Crossing Major Production Threshold

This morning, Hyzon Motors’ (HYZN; $2.36) announced the start of production of its Class 8 200kW fuel cell electric truck. At the same time, Hyzon also disclosed that it expects to announce that its proprietary,…

UBER: Expanding on Autonomous Trials

This morning, Uber Technologies (UBER; $71.40; O/P) announced it is expanding on its partnership with Alphabet’s (GOOGL; $157.41; NR) Waymo to deploy autonomous vehicles (AVs) powered by Waymo’s autonomous driving system (Waymo Driver) on Uber’s…

BDC: Meeting Emphasizes Solution Sales Potential

Yesterday (9/12), we attended Belden’s (BDC; $100.93; E/W) Investor Day, which was held in Chicago, at one of its Customer Innovation Centers (CIC), to further highlight the company’s thoughtful focus on expanding its mix of…

LCID: Meeting and Plant Tour Highlight Long Term Potential

On Tuesday (9/10), we attended Lucid Motors’ (LCID; $3.98; E/W) Technology & Manufacturing Day in Casa Grande, AZ, which included a presentation by CEO and CTO Peter Rawlinson that provided further support around the company’s…

CLS: CFO Meetings Suggest Big Buying Opportunity

We reiterate our Outperform and $75 target on the shares of Celestica (CLS; $45.32) after hosting investor meetings on Tuesday (9/10) in New York for CFO Mandeep Chawla and Craig Oberg, VP of IR and…

MBLY: Ends Internal LiDAR Development

This morning, Mobileye Global (MBLY; $11.50; E/W) announced, following a “regular review” of the company’s long-term technology roadmap, that it is no longer internally developing next-generation frequency modulated continuous wave (FMCW) LiDAR sensors for use…