UBER: Life in the Fast Physical AI Lane
The news flow over the past couple of weeks from Uber Technologies (UBER; $78.81; O/P) adds to our belief that the stock can work much better over the next 12 months than it has over…
The news flow over the past couple of weeks from Uber Technologies (UBER; $78.81; O/P) adds to our belief that the stock can work much better over the next 12 months than it has over…
We are raising our rating from Equal-Weight to Outperform on the shares of Fabrinet (FN; $482.59) after its healthy FQ4 (Jun) “beat and raise” that was quickly dismissed by investors for ongoing weakness in datacom…
Yesterday, TTM Technologies (TTMI; $140.98; O/P) announced a definitive agreement to acquire EPIQ Design Solutions for $1.1B in cash in a transaction that further expands on its technical capabilities for higher margin aerospace & defense…
We reiterate our Outperform and reset our target to $2,200 on the shares of Sandisk (SNDK; $1,641.11) after attending its Investor Day last Thursday (8/13) in New York. The meeting highlighted how CEO David Goeckeler…
We would approach Fabrinet’s (FN; $566.49; E/W) upcoming FQ4 (Jun) results and guidance, scheduled for Monday (8/17 after market), with a reasonable degree of caution since we still see near-term limitations on its growth trajectory….
Our latest look at aggregate inventories up and down the technology supply chain on the heels of CQ2 EPS season highlighted what we still think is a tightening supply chain environment, likely well into 2027E….
We are raising our F2027E (Jun) EPS on WD Corporation (WDC; $443.26; E/W) from $15.70 to $20 (up ~2X from $10.19 in F2026) and initiating F2028E EPS at $30 after the company produced another healthy…
The shares of Sandisk (SNDK; $1,212.21; O/P) are down 47% from an all-time high just reached on 6/30, including a 10% retreat since reporting an FQ4 (Jun) “beat and raise” last Wednesday (8/5 after market)…
The shares of Seagate (STX; $812.76; E/W) have traded in a range over the past five weeks, albeit volatile, including before and after its FQ4 (Jun) print of July 29th that highlighted how management is…
The shares of Amkor Technology (AMKR; $54.89; E/W) have been on a “wild ride” in 2026, especially the case since its Q2 results and guidance last Monday (7/27 after market). On the plus side, the…
We bump up our 2026E adjusted EBITDA on Lyft (LYFT; $16.30; O/P) from $700mm to $713mm (+35% YoY vs. +38% in 2025) while sticking with our 2027E EBITDA at management’s long-standing target of $1B (+40%…
To our surprise, the shares of Uber Technologies (UBER; $68.96; O/P) continue to remain under pressure, even after the company again demonstrated that its platform “flywheel” continues to drive healthy growth in both gross bookings…
We are raising our 2026/2027E EPS from $4.00/$5.00 to $4.80/$7.00 on TTM Technologies (TTMI; $131.25; O/P) after the company produced a healthy Q2 beat that was accompanied by even better guidance from management for the…
We are reducing our rating on the shares of Aptiv (APTV; $47.72) from Outperform to Equal-Weight, which admittedly is a “horse has left the barn” call after the company’s moderately disappointing Q2 results and guidance…
We are reducing our rating on the shares of Versigent (VGNT; $45.78) from Outperform to Equal-Weight given the stock’s recent outperformance and since management is approaching its H2 outlook from a somewhat more conservative stance…