August 23, 2024
Last night (8/22), Uber Technologies (UBER; $73.31; O/P) announced a multi-year strategic partnership with General Motors’ (GM; $46.46; NR) Cruise unit whereby it will deploy autonomous vehicles (AVs) on Uber’s network. This agreement builds on…
August 22, 2024
This morning, Flex (FLEX; $31.92; O/P) announced that its Anord Mardix business, which is focused on a range of power solutions for cloud and traditional data centers, as well as some other industrial applications, opened…
August 21, 2024
We reviewed Western Digital’s (WDC; $65.03; O/P) recently filed 10-K for the fiscal year ending June 28th, 2024. Most importantly, WDC did not offer up any new disclosures in the filing on its pending spin-off…
August 21, 2024
We think the risk/reward skews somewhat positive for the shares of NetApp (NTAP; $133.25; E/W) into its FQ1 (Jul) results and outlook next Wednesday (8/28 after market), albeit with puts and takes for investors to…
August 21, 2024
We see a favorable risk/reward for the shares of Dell Technologies (DELL; $111.53; E/W) into its FQ2 (Jul) results and outlook next Thursday (8/29 after market). Admittedly, the stock is now up 27% just since…
August 19, 2024
This morning, Advanced Micro Devices (AMD; $155.28; NR) announced plans to acquire privately held ZT Systems, which designs, assembles, integrates, and tests servers, storage, plus other data center components, as part of a primary focus…
August 15, 2024
We reiterate our Outperform and $50 target on the shares of Corning (GLW; $40.26) after hosting a virtual investor meeting with Ann Nicholson, Vice President of Investor Relations, on Wednesday (8/14). Most importantly for us,…
August 14, 2024
Recent news flow out of Maplebear, doing business as Instacart (CART; $32.01; E/W), provides further support for the idea that the company is enabling a wider range of avenues for deepening relationships with existing retail…
August 13, 2024
Our latest look at aggregate inventories up and down the supply chain post CQ2 results season suggested further right sizing of inventories that we assume likely continues at least through the end of this year….
August 13, 2024
Hyzon Motors (HYZN; $0.08) reported Q2 results, which generally lived up to our expectations on a continuing operations basis. Most importantly, Hyzon’s average monthly free cash flow (FCF) burn rate in Q2 was ($9.2mm) or…
August 12, 2024
Last week, we spent time at The Future of Memory and Storage Summit (FMS) in San Jose, CA, which further highlighted to us how a range of “productization” trends across NAND, DRAM, and hard disk…
August 12, 2024
We reiterate our Outperform on the shares of Sanmina (SANM; $69.48) after hosting an investor meeting in San Jose, CA with CEO Jure Sola and CFO Jon Faust, where we also had the opportunity to…
August 12, 2024
After the close on Friday (8/9), Flex (FLEX; $29.29; O/P) filed an 8-K in which it disclosed that it had received shareholder approval to purchase up to another 20% of the company’s shares outstanding, in…
August 9, 2024
CommScope’s (COMM; $2.79; NR) Q2 results and outlook “filled in a number of the blanks” to the company’s recent positive pre-announcement (“Pre-Announces Big Q2 Upside”; 7/29). To that end, COMM total company sales and non-GAAP…
August 8, 2024
The shares of Lyft (LYFT; $9.08; O/P) plunged 17% yesterday as Q3E guidance proved a disappointment to the Street after some better-than-expected Q2 results. We think the guidance proved especially tough for the stock to…