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347 pieces of our own coverage across 11 sectors
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MU Q4 FY2026 reported earnings analysis
Micron beat its top guide: $54.23bn and $33.42 non-GAAP EPS. The quarter had 14 weeks; per week revenue grew 21.5%, and the $38.15 guide implies 22.1%.
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Bloom's Oracle Order Is 1.2, 2.4, 2.45 or 2.8 GW. Its Plant Is Sized for One a Year.
Bloom has put 1.2, 2.4, 2.45 and 2.8 GW on the Oracle relationship. Only 1.2 GW was ever called contracted, and none of the figures is in an SEC filing.
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MU Q4 FY2026 earnings preview
Micron reports Q4 FY2026 after Wednesday's close. Consensus is $31.41 to $31.83 non-GAAP EPS on $50.86bn to $51.49bn, at the top of its guide.
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Tesla's Texas Fleet Grew 149% and Waymo's Grew 43%. Waymo Added More Cars.
Texas publishes every robotaxi VIN. Tesla is up 149% in thirty days and Waymo 43%, but Waymo added 297 vehicles against Tesla 285, and neither month is a rate.
Australia's First Eight-Hour Battery Is 144 Four-Hour Megapacks Capped at 50 MW
Tesla gave one number for Limondale: 144 Megapacks. AEMO's register gives 50 MW and 400 MWh. The eight hours come from the export cap, not the batteries.
Supermicro Is Capacity-Bound. Its Rack Ceiling Is Worth $12 to Our Fair Value.
Supermicro rose 9.5% on a $1.5 trillion 2030 server forecast. Matching that growth costs our fair value $1.07. Its own rack capacity is worth $12.15.
CoreWeave Adds a 35-Million-Share ATM. Its Third Convert Is Marketed to Strike Below the Last Two.
CoreWeave opened a 35m-share ATM and marketed a $3.0bn convert striking near $102-106, below its last two. Our 27 Aug piece missed four earlier marks.
Upstart Has Spent $277.9 Million Buying Its Own Stock. The Share Count Still Rose.
Upstart has spent $277.9M retiring 9,076,470 shares since February 2022. Its share count is 13.6 million higher, and the block is worth $224.8M at $24.77.
Robinhood Rose on an SEC Order That Excludes Its Own Tokens
Order 34-106402 allows 75 symbols at 0.25% of prior-month volume. The whole ceiling is worth 32 cents to Robinhood, and its own tokens are excluded.
Grab's CEO Sold 16.8 Million Shares at $4.50. He Bought 10.35 Million Back at $2.89.
Anthony Tan's own filings record 16,813,128 shares sold for $75.6m since June 2023. On 21 September he bought 10,350,000 back for $29,876,310.
Xiaomi Is Training Its Next Model in Public. Its AI Revenue Sits in a RMB1.0bn Line.
Mid-run, MiMo-V2.6-Pro scores 65.97% on DeepSWE against 19% for the shipped model. Xiaomi's AI revenue still sits inside a RMB1.0bn residual, 0.9% of sales.
Intel's CEO Says Memory Prices Rose Five to Seven Times. The Quarterly Rate Is 8-18%.
Intel's CEO said memory prices rose five to seven times, with no basis given. 3Q26 contract prices move 13-18% a quarter on server DRAM, 8-13% on mobile.
Microsoft's Code of Conduct Contains No Capex Number. The Market Repriced Capacity Prices Anyway.
Microsoft's MAI Code of Conduct runs 15,203 words and never says compute. The capacity sellers fell 5-7% on it; flat prices cost our bases 19.5% to 41.7%.
Adobe's Last Two Quarters Are Beats on One Feed and Misses on Another. Tonight the Bars Are $1.21 Apart.
Two estimate feeds score Adobe's February and May quarters as beats and as misses. Tonight one carries $4.86, the other $6.07, against a guide of $6.05-$6.10.
ADBE Q3 FY2026 earnings preview
Adobe reports Q3 FY2026 after the close. Consensus is $6.08 adjusted on $6.69B — but the widely syndicated $4.86 is neither Adobe's GAAP nor its non-GAAP.
J&J Won the First-Ever wAIHA Approval on Nine Responders in 38. The Effect's Lower Bound Is 0.1 Points.
J&J's Imaavy is the first drug ever approved for wAIHA: nine of 38 responded against three of 39 on placebo, a 16-point gap whose 95% interval starts at 0.1.
AbCellera Joins Coverage and Five of Its Last Eight Quarters Cannot Be Scored.
AbCellera joins coverage with five of its last eight quarters unscoreable: a +587.4% FCF margin on $4.1M of revenue breaks the Rule of 40's own arithmetic.
Amazon Is Expected to Take $1.2 Billion a Year of Generac Generators. That Is Half Generac's Commercial Sales.
Amazon is expected to take $2.4B of Generac backup generators in 2027-28, $1.2B a year or 54% of Generac's C&I pace. The $8B only caps warrant vesting.
Crude Settled 7.8% Above Both Our Oil Price Decks. Occidental Has 100,000 Barrels a Day Capped at $75.89.
WTI settled at $100.05 on 11 September, 7.8% above the quarter our Occidental and Vista models revert from. One sits 22% below the market, one 40% above.
PANW Q4 FY2026 reported earnings analysis
Palo Alto Networks added nearly $1B of net new security ARR; its fiscal 2027 guide targets $2B as operating income grows 24%.
PANW Q4 FY2026 earnings preview
Palo Alto Networks guides to 32% revenue growth, versus 14% organic growth last quarter after excluding two acquisitions.
Nasdaq Put $100 Million Into Kraken's Parent. Its Tokenized Share Can Only Move Between DTC Participants.
Nasdaq's release carries a $100m cheque and no valuation. The $21bn is Bloomberg's; the token the SEC approved in March moves only among DTC participants.
Nasdaq Joins Coverage and 41% of the Revenue It Reports Never Belongs to It
Nasdaq's June quarter shows $2,532m of revenue and $1,500m of net revenue. The gap is pass-through rebates, and the exchange itself is now 23% of what it keeps.
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