Information Technology

Cal-Comp Electronics (Thailand) Public Company Limited, or CCET, has announced a five-year business strategy, building on its EMS business toward higher-value technology products. Managing Director Khongsin Chokvicharoen said the company will expand into new businesses in AI servers, CSP, LVDC and HVDC, alongside developing automation and AI to elevate itself into a smart factory. This year the company is accelerating the setup of an AI server production line, which is expected to begin operations before the end of the third quarter of 2026. Meanwhile, CSP-related products are in the process of setting up production lines and are preparing to start manufacturing in Thailand within the second half of 2026. On the high-end power supply side, the company has already begun producing electric vehicle chargers, while CRPS and LVDC products are in trial production and are expected to begin commercial production in the second half of this year. HVDC, developed jointly with affiliated companies, is targeted to start production within 2027. For its long-term plans, the company has a quantum computing project, having already developed and produced a working prototype, and is conducting joint research with ITRI in Taiwan as well as leading universities in Taiwan. It also has an LEO satellite project through a long-term partnership with a leading satellite service provider from Taiwan, which is currently in the development and business model study stage.

Foxconn, the world's largest contract electronics manufacturer from Taiwan and the largest server maker for Nvidia, reported third-quarter 2026 revenue up 47% year on year, beating market expectations, driven by strong growth in demand for artificial-intelligence-related products. Revenue for the July-to-September period came in at 3.03 trillion Taiwan dollars, or about 95.4 billion US dollars, above the 2.83 trillion Taiwan dollars forecast by analysts polled by LSEG SmartEstimate. The better-than-expected results reflect momentum from the AI investment wave, which is boosting demand for servers and computing infrastructure, with Foxconn among the key server makers benefiting from the market's expansion.

Hon Hai Precision Industry Co., the Nvidia server assembly partner also known as Foxconn, reported better-than-expected quarterly revenue, signaling sustained and elevated spending on global AI infrastructure. Sales for the three months ended in September totaled NT$3.03 trillion, or $95.4 billion, up 47%, topping the NT$2.83 trillion analysts had expected on average. The strong growth followed a bullish forecast from Micron Technology Inc. last week, adding to evidence that AI spending continues to climb even as executives such as OpenAI's Sam Altman and Anthropic PBC's Dario Amodei call for slowing development of the technology. Hon Hai's sales are seen as a check-in for the AI sector as investor concerns grow about overcapacity, rising debt levels and regulatory setbacks, and its share price is up about 10% since the start of the year. The Taipei-based company still derives a significant chunk of revenue from its lower-margin Apple Inc. business as the primary iPhone manufacturer, though Apple is diversifying suppliers with the likes of Luxshare Precision Industry Co.

Cal-Comp Electronics (Thailand) Public Company Limited, or CCET, has announced a five-year long-term strategic plan focused on developing higher-value technology products and businesses, while moving into new areas including AI servers, CSP, LVDC and HVDC, alongside the development of automation and AI to upgrade its manufacturing processes toward a Smart Factory. Managing Director Khongsit Choukitcharoen said the company has a Quantum Computing project as one of its emerging-technology collaboration projects that will strengthen its AI server capabilities. It has already developed a working prototype and is conducting joint research and development with ITRI in Taiwan as well as leading universities in Taiwan. It also has an LEO Satellite project, carried out through a long-term collaboration with a leading satellite services company from Taiwan, which is currently in the development and business-model study stage. On the short-term plan, the company is accelerating the setup of an AI server production line, expected to begin operations before the end of the third quarter of 2026, while CSP-related products are in the process of setting up production lines and preparing to start manufacturing in Thailand in the second half of 2026. As for high-end power supply products, electric vehicle chargers have already begun production, while CRPS and LVDC products are in trial production and are expected to begin commercial production in the second half of this year. HVDC, developed jointly with an affiliate, is targeted to start production within 2027. CCET is also continuing to expand its automation know-how to external customers through its wholly owned subsidiary Cal-Comp Automation & Industrial 4.0 Service Co., Ltd., or CCAU, in Thailand, aiming to expand the business into Southeast Asian markets, the United States and Brazil. Meanwhile, the EMS business remains the core and a key revenue source, especially the storage group, which includes SSDs that continue to grow, as well as printers and smart wearables. Its smart collar for cattle is the world's first smart wearable for cows and has already succeeded in the New Zealand and Australian markets, with plans to expand to Brazil and other countries with large cattle herds. The company is also moving into educational gaming devices and CoBots, or robots that work alongside humans, targeting use in hospitals, restaurants and banks. All of these products are in the production planning stage.

Cal-Comp Electronics (Thailand), or CCET, has disclosed a five-year strategic plan to press ahead with strengthening its EMS business while extending into higher-value technology products and businesses. Kongsith Chowkitcharoen said the company will expand into new businesses in AI Server, CSP, LVDC and HVDC, pursue New Business Technology, and upgrade production toward Smart Factory in the near term. The company is rushing to set up an AI Server production line, which is expected to begin operations before the end of the third quarter of 2026, while its CSP products are in the process of setting up a production line and preparing to start manufacturing in Thailand within the second half of 2026. On high-end power supplies, the company has already begun producing electric vehicle chargers, while CRPS and LVDC products are in trial production and are expected to enter commercial production in the second half of this year. HVDC, developed jointly with an affiliated company, is targeted to start production within 2027. Under the five-year long-term plan, CCET has a Quantum Computing project, for which it has already developed and produced a working prototype and is conducting joint research and development with ITRI in Taiwan as well as leading universities in Taiwan. It also has an LEO Satellite project carried out through a long-term collaboration with a leading satellite company from Taiwan, currently in the development and business-model study stage. The company is also developing new products such as a smart collar for cows, the world's first smart wearable for cattle, which has already succeeded in the New Zealand and Australian markets, as well as educational gaming devices and a CoBot that are in the production planning stage.

Micron reported fiscal Q4 revenue of $54.23 billion, up from $11.32 billion a year earlier, with non-GAAP earnings of $33.42 a share and non-GAAP gross margin of 87.0% versus 45.7% a year earlier. The company's Core Data Center unit generated $18.00 billion of revenue at a 90% gross margin, compared with $1.58 billion a year ago, and Micron is the only U.S.-based maker of high-bandwidth memory, working with Nvidia on the first custom HBM design. Micron has signed Strategic Customer Agreements, and noncurrent customer contract liabilities rose to $12.9 billion from $568 million a quarter earlier, while customer deposits brought in $12.75 billion during fiscal 2026. Fiscal 2026 operating cash flow was $89.68 billion and adjusted free cash flow was $62.31 billion, with fiscal Q1 2027 guidance calling for $61.5 billion of revenue plus or minus $1.5 billion and $38.15 of non-GAAP EPS plus or minus $1. Micron spent $27.37 billion net on capital projects in fiscal 2026, up from $13.80 billion in fiscal 2025, and at about 6 times expected earnings the stock trades far below its five-year average P/E of 74.27, with 184 hedge funds holding the stock in the most recent quarter, up from 154.

Cal-Comp Electronics (Thailand) Public Company Limited, or CCET, has unveiled a five-year business strategy that maintains the strength of its EMS business while extending into higher-value technology products and businesses to support the transition to a digital economy. Under the short-term plan, the company is accelerating the setup of an AI Server production line and expects operations to begin before the end of the third quarter of 2026. Meanwhile, products related to CSP, or Cloud Supply Provider, are in the process of having production lines established and are preparing to start production in Thailand in the second half of 2026. On high-end power supply products, the company has already begun producing electric vehicle chargers, while CRPS and LVDC are in trial production and are expected to enter commercial production in the second half of this year. At the same time, the company has partnered with affiliated companies to develop HVDC, or High Voltage Direct Current, technology, with the goal of starting production within 2027. For the long-term plan, the company is preparing to develop a Quantum Computing project, currently under research and development together with the Industrial Technology Research Institute, or ITRI, and leading universities in Taiwan, as well as an LEO Satellite project being carried out through a long-term partnership with a leading satellite services company from Taiwan. The company has also developed the CCLM platform for integrating data and AI technology, and is expanding its expertise in automation systems through Cal-Comp Automation & Industrial 4.0 Service Co., Ltd., or CCAU, a wholly owned subsidiary in which CCET holds 100%, with the goal of expanding markets into Southeast Asia, the United States and Brazil.

Qualcomm Inc. has agreed to license patents underpinning Huawei Technologies Co.'s LogicFolding chipmaking technique as part of a multiyear cross-license agreement between the two chipmakers. A Huawei spokesperson said Monday that the deal spans technologies related to 5G devices, AI services, near- and co-packaged optics and networks. The agreement helps validate the Shenzhen-based company's chipmaking capabilities, with Huawei viewing its new architecture as a breakthrough that boosts semiconductor performance and narrows the gap with industry leaders such as Taiwan Semiconductor Manufacturing Co. Huawei did not disclose the value of the cross-license agreement, which is subject to US Federal Trade Commission review under the Hart-Scott-Rodino Antitrust Improvements Act, applying to deals valued at more than $133.9 million. The spokesperson said Huawei expects the overall contract value of all its patent licensing agreements to exceed $6.9 billion following the deal with Qualcomm.

FTC Solar's fair value estimate has been lifted from US$8.88 to US$10.20, a roughly 15% increase in the updated model, as analysts weigh product traction and new orders against balance sheet risk. UBS lifted its price target slightly to US$3.60 from US$3.50, citing a product driven turnaround and pointing to recent U.S. and Australian orders plus initial shipments on the Fraser Coast project as evidence that the one module in portrait and First Solar compatible tracker solutions are gaining customer acceptance. Roth Capital cut its price target to US$7 from US$10 after what it called light Q2 results and a weak Q3 outlook, flagging execution risk around near term revenue and margin delivery. Roth also noted that FTC Solar breached debt covenants in Q2 2026 and obtained a lender waiver, the third covenant amendment since November 2025, and that Q3 guidance sits below the covenant threshold so further issues may occur. The updated model raised the revenue growth assumption from 42.00% to 47.33% and the future P/E multiple to 33.1x from 22.0x, while lowering the net profit margin assumption to 2.65% from 3.81% and raising the discount rate to 11.68% from 11.44%.

The Practical Solution Public Company Limited, or TPS, has launched "TALLI," an artificial intelligence platform developed by a Thai team to meet enterprise use cases. Boonsom Kijkasetsthaporn, an executive at TPS, said TALLI boosts operational efficiency within organizations, letting users access data conveniently, quickly, and accurately under the access rights, usage scope, and governance rules set by each organization. The launch marks another important step for TPS in leveraging its IT expertise to expand into new solutions and broaden its customer base. Meanwhile, the outlook for third-quarter 2026 earnings remains positive, driven by the gradual recognition of revenue from its backlog, which currently stands at approximately 1.784 billion baht and will be recognized according to plan. TPS continues to pursue bids and develop new solutions amid rising demand for digital and AI technology in the business sector.

Micron Technology reported fiscal fourth-quarter non-GAAP earnings of $33.42 per share on September 30, with quarterly revenue of $54.23 billion and operating cash flow of $43.97 billion, ending the year with $73.48 billion in cash and investments. Data center core revenue climbed to $18.00 billion from $11.52 billion in the prior quarter as AI buildouts widened, and management said agentic AI is pushing server unit growth into the high teens. The company has signed 26 strategic customer agreements covering roughly 35% of its production through 2030, with more than 75% of fiscal 2027 shipments already committed, and it raised HBM prices significantly for calendar 2027 while guiding next quarter's gross margin to about 86.3%. Capital spending reached $27.37 billion this fiscal year, most of the increase going into clean rooms in Idaho and Singapore that will not produce bits until late 2028, and about three-quarters of agreement revenue carries a defined pricing framework with floors and ceilings. Bit shipments in mobile and client fell for a second straight quarter, research spending is set to rise by more than $1 billion in fiscal 2027, and the stock trades at a forward P/E of 7.02 as of October 2, with 184 hedge funds holding it in the most recent quarter, up from 154, and short interest at just 2.45% of float.

Corning has signed a multi-year supply agreement with AT&T worth more than US$3b, tying its fiber and cable output directly to the buildout of U.S. connectivity infrastructure through 2030. The deal follows a strong run in Corning's shares this year, with an 81.09% year-to-date share price return and a 1-year total shareholder return of 98.21%, despite a 15.71% decline over the past 90 days. On the most followed narrative, Corning screens as 14% undervalued, with a fair value of $189.94 against a last close of $164.19. On an earnings yardstick the picture differs, with the shares trading on a P/E of 74.4x against a fair ratio of 53.3x, the US Electronic industry at 30.3x and a peer average of 48x. Corning's use of non-GAAP metrics and the potential for further equity issuance could unsettle confidence in earnings quality and raise the possibility of future dilution.

Palantir Technologies Inc. has secured a formal program of record designation for its Maven Smart System from the U.S. Department of War, with department-wide implementation set to take effect by the end of September. The designation expands the system's application across the Space Force, Navy, Air Force, Marine Corps and the Army. The development comes as investors await Palantir's third-quarter earnings report scheduled for November 2, which will show whether commercial growth sustains its pace. In the second quarter, revenues from the U.S. Commercial and U.S. Government segments jumped 149% and 90% year-over-year respectively, while international Commercial and Government revenues climbed 26% and 42%, supporting 93% overall topline growth and 225% year-over-year growth in bottom line figures. U.S. government revenue reached $809 million, nearly matching commercial revenues, keeping results closely tied to federal budget cycles. The company carries a $460.88 billion market capitalization, trades at a trailing P/E of 163.92x and a forward P/E of 85.47x, and holds only $211.4 million in total debt, a debt-to-equity ratio of 2.14%. Hedge fund ownership declined from 96 funds in Q1 2026 to 86 funds in the following quarter, while short interest sits at 2.83%.

Penguin Solutions will report third-quarter earnings this Tuesday after market hours, with the market expecting revenue to grow 54.2% year on year. That would mark an acceleration from the 8.6% increase the semiconductor maker recorded in the same quarter last year. Last quarter, Penguin Solutions beat analysts' revenue expectations with revenues of $478.7 million, up 47.6% year on year, and also beat EPS and operating income estimates. Analysts have generally reconfirmed their estimates over the last 30 days, though the company has missed Wall Street's revenue estimates multiple times over the last two years. Among its semiconductor peers, only Micron has reported so far, exceeding revenue estimates with year-on-year sales growth of 379% and trading up 2.9% on the results. Penguin Solutions shares are up 19.9% over the last month, ahead of the segment's average gain of 11.6%, and carry an average analyst price target of $74.29 versus a current share price of $61.75.

Cadence Design Systems introduced a new RTL Generation Agent within its ChipStack AI Super Agent in late September 2026, automating front-end digital design and verification from natural language. The announcement of the RTL Generation Agent came on 22 September 2026, extending ChipStack from verification into spec-to-RTL creation and updates, with early evaluations lined up with customers including Honda. Separately, Cadence tools helped Global Unichip Corp. deliver custom AI accelerators and hyperscale silicon on TSMC's advanced process technologies. Cadence's narrative projects $8.4 billion in revenue and $2.0 billion in earnings by 2029, requiring 12.9% yearly revenue growth and about a $0.6 billion earnings increase from $1.4 billion today, with a $405.47 fair value implying 15% upside to its current price. Some of the lowest ranked analysts were already assuming revenue of about US$8.1 billion and earnings near US$1.7 billion by 2029.

LG Innotek's production subsidiary in Hai Phong, Vietnam, has marked its 10th anniversary, having grown into the company's largest global manufacturing base. The subsidiary was established in September 2016, began mass production in 2017, and recorded approximately USD 4.1 billion in revenue in 2025, with cumulative investment of approximately USD 1.9 billion and cumulative revenue of approximately USD 25 billion over the decade. It now spans a total floor area of 242,600 square meters with 6,500 employees, 99 percent of them local, and local leaders hold 87 percent of key positions. LG Innotek is expanding the site beyond optical solutions into semiconductor substrates, having selected Hai Phong last June as a hub for that production and begun construction of a new factory with initial investment of approximately USD 1 billion, scheduled for completion in May 2027, targeting a package solutions business generating USD 740 million in operating profit by 2031. CEO Moon Hyuksoo said the company will strengthen its High Performance Portfolio with the Vietnam production subsidiary at the center and accelerate its transformation into a global solutions company.

SMT shares closed the morning session at 6.80 baht, up 0.15 baht or 2.26%, after touching an intraday high of 6.90 baht, supported by three factors. First, positive sentiment in the electronics sector, with DELTA, HANA and KCE leading the market this morning after US employment figures came in below expectations, easing market worries that the Fed will accelerate rate hikes, while US semiconductor stocks surged on Friday night. Second, SMT has its own specific catalyst from its Optical business, which involves optical signal transmission and stands to grow with AI and data centers. Yuanta Securities expects orders from global Optical customers to gradually increase and sees a clearer impact on revenue and margin over the next two quarters. Third, Yuanta expects normal profit in the third quarter of 2026 to grow 65% quarter-on-quarter, and sees 2026 profit swinging from a loss of 146 million baht in 2025 to a profit of 150 million baht. For 2027, it expects profit to grow 88% year-on-year to 282 million baht. It has therefore raised its end-2027 fair value to 8.40 baht and maintained its buy recommendation. The closing price on 2 October already set a new 52-week high at 6.90 baht, while Yuanta's target price of 8.40 baht remains well above the current price.

Cal-Comp Electronics (Thailand), or CCET, has unveiled a five-year business strategy aimed at building on its EMS business to move into higher-value technology products and businesses. Executive Kongsith Chokvijitcharoen said the company will expand into new businesses in AI Server, CSP, LVDC and HVDC, while pushing into New Business Technology alongside the development of Automation and AI to elevate itself into a Smart Factory. Under the short-term plan, the company is accelerating the setup of an AI Server production line, which is expected to begin operations before the end of the third quarter of 2026, while its CSP products are in the process of setting up production lines and preparing to start manufacturing in Thailand in the second half of 2026. On high-end power supply products, the company has already begun producing electric vehicle chargers, while CRPS and LVDC are in trial production and are expected to begin commercial production in the second half of this year. HVDC, developed jointly with affiliated companies, is targeted to start production within 2027. Under the long-term five-year plan, the company has a Quantum Computing project, for which it has already developed a working prototype and is conducting joint research with ITRI in Taiwan as well as leading universities in Taiwan. It also has an LEO Satellite project being carried out through a long-term partnership with a leading satellite service provider from Taiwan. CCET currently also has a new product, a smart collar for cows, the world's first smart wearable for cattle, which has already succeeded in the New Zealand and Australian markets, with plans to expand into Brazil. Meanwhile, its subsidiary CCAU, wholly owned by CCET, aims to expand its automation systems business into the Southeast Asian, United States and Brazilian markets.

The Practical Solution Public Company Limited, or TPS, has launched the TALLI platform, a fully Thai-built AI platform developed from the company's IT expertise. Boonsom Kijkasetsthaporn said TALLI will boost operational efficiency within client organizations, giving them convenient, fast, accurate and correct access to data within defined permissions, scope and governance. The company sees the launch as an opportunity to expand its core business and a positive signal for its third-quarter 2026 performance. The company currently has a backlog awaiting revenue recognition of 1.784 billion baht.

Airship AI Holdings has announced $29 million of firm-fixed-price awards from an agency within the Department of Homeland Security, a sum larger than its approximately $18.2 million of trailing revenue. The awards carry a six-month performance period and cover software integration, edge and server-side AI products, and hardware. BigBear.ai, by contrast, ended June with $409.8 million in cash and investments and approximately $16.6 million of debt, alongside a $269.6 million backlog. BigBear's June-quarter revenue grew 13% to $36.7 million with gross margin of 32.8%, but its adjusted EBITDA loss widened to $11.6 million from $8.5 million. At October 2 prices, BigBear traded at about 9.7 times trailing revenue versus roughly 4.0 times for Airship, while Airship reported $12.4 million in cash and used only about $235,000 in operating cash during the June quarter.

Viasat Inc., through its subsidiary Inmarsat Government, Inc., was awarded the U.S. Space Force's MECS2 contract in September 2026, securing an initial US$42 million task order under a seven-year Indefinite Delivery/Indefinite Quantity agreement with a ceiling of up to US$307 million to provide fully managed global SATCOM services for the U.S. Marine Corps. The award deepens Viasat's role in secure, multi-orbit government communications and highlights the importance of its ViaSat-3-enabled Ka-band network and 24x7 managed services capabilities. The company's narrative projects $5.5 billion revenue and $626.3 million earnings by 2029, with forecasts yielding a $103.94 fair value, a 44% upside to its current price. Some of the lowest ranked analysts were far more cautious, assuming only about 3.9 percent annual revenue growth and continued losses. The MECS2 award looks incrementally positive for the investment thesis, reinforcing defense demand and multi-orbit capabilities, but it does not by itself resolve near term pressure from high ViaSat-3 and Inmarsat capex or the risk that broadband subscriber declines keep weighing on revenue quality.

Arista Networks raised its 2026 revenue guidance to US$12.60 billion, including at least US$3.50 billion from AI-related business, after reporting second-quarter fiscal 2026 revenue of US$3.00 billion, a 37.7% year-over-year increase. The higher outlook underscores how AI-driven cloud networking has become a central revenue pillar for the company, shaping its growth mix across hyperscale and enterprise customers. Arista was also added to the S&P 100 in September 2026, a move that reflects its growing weight in large-cap U.S. equity indices just as management ties more of its outlook to AI-related revenue. The company's longer-range narrative projects US$21.4 billion in revenue and US$8.2 billion in earnings by 2029, requiring 26.6% yearly revenue growth and an earnings increase of about US$4.2 billion from US$4.0 billion today. Some of the lowest-ranked analysts had already assumed about US$18.6 billion of 2029 revenue and US$6.9 billion of earnings before this guidance, illustrating how differently Arista's AI exposure and long-term supply commitments can be read.

Schneider Electric is nearing an agreement to acquire U.S. engineering software company PTC for more than $20 billion, Bloomberg News reported, citing a person familiar with the discussions. A transaction could be announced as early as Monday morning, the person said, and the potential deal was reported earlier Sunday by the Financial Times. Neither Schneider Electric nor PTC has commented on the potential deal, which if completed would be the largest acquisition in Schneider Electric's history, according to data compiled by Bloomberg. PTC develops software used by manufacturers for product design, product lifecycle management and connected industrial operations, and adding those capabilities could deepen Schneider's push toward integrating software with the equipment and automation systems used by industrial customers. The potential acquisition would follow another recent Schneider deal: the company last month agreed to acquire smart-device maker Shelly Group for €1.2 billion, or about $1.35 billion.

Schneider Electric is close to a deal to buy U.S. industrial software maker PTC for about $20 billion, the Financial Times reported on Sunday, citing people familiar with the matter. The deal could be announced as soon as Monday, though talks are ongoing and could still fall apart. Boston-based PTC has a market value of about $15.6 billion, according to LSEG data, and raised its annual revenue forecast in July, citing strong demand for its industrial software and AI tools. The potential acquisition would be Schneider's latest move to expand its software and digital operations. The French company is also pursuing the acquisition of Bulgarian smart-home equipment maker Shelly Group for €70 per share, valuing it at about €1.27 billion, an offer representing a roughly 4% premium to the share price before the announcement and conditional on securing at least 95% of the company's shares and receiving regulatory approvals.

Adobe announced in late September 2026 a partnership making it the National Hockey League's Official Creative, Marketing and AI Partner, alongside a multi-year AI-powered customer experience collaboration with Jet2 to personalise holiday planning and travel content. The two alliances place Adobe's CX Enterprise, Firefly and GenStudio tools at the centre of large-scale customer engagement programs spanning sport and travel, with the Jet2 deal serving as a concrete proof point for CX Enterprise Coworker and agentic AI in a high-volume consumer setting. Adobe's investment narrative projects $33.4 billion in revenue and $9.5 billion in earnings by 2029, requiring 8.7% yearly revenue growth and roughly a $2.2 billion earnings increase from $7.3 billion today, and yields a $275.06 fair value representing 16% upside to the current price. More cautious analysts assume only about US$32.6 billion of revenue and US$9.3 billion of earnings by 2029, citing AI pricing pressure and ARR growth risk. The deals do not on their own remove near-term pressure around slowing net new ARR or the risk that AI pricing competition and the upcoming CEO transition unsettle earnings and sentiment.

Advanced Micro Devices has entered a definitive agreement to acquire World Labs, the AI model and research lab led by AI pioneer Dr. Fei-Fei Li, in an all-stock transaction valued at $8.2 billion that is expected to close by the end of 2026. Rosenblatt reiterated its Buy rating and $700 price target on AMD following the announcement, saying the deal could expand the chipmaker's AI software, modeling and simulation capabilities and accelerate its development of system-level AI platforms while opening opportunities in markets such as robotics. As part of the transaction, Dr. Fei-Fei Li will join AMD as executive vice president and chief scientist. The acquisition carries risks: because AMD will pay the full $8.2 billion purchase price in stock, existing shareholders will be diluted, and the deal does not immediately translate into chip revenue or earnings. The transaction also adds execution and integration risk at a time when AMD's valuation already reflects substantial AI growth expectations, with the stock up more than 180% year-to-date as of October 2 and the company valued at more than $1 trillion. Hedge fund interest rose in the second quarter, with 164 hedge funds holding AMD at the end of the period, up from 134 in the first quarter, while the stock trades at a P/E ratio of 156.79; in Q2 2026 AMD's revenue rose 50% year-over-year to $11.5 billion and diluted EPS jumped 156% to $1.38, and management expects Q3 revenue of approximately $13 billion, about 41% year-over-year growth.

Accenture reported fourth-quarter results on October 1 that beat its own revenue guidance, with revenue of $18.7 billion, up 7% in local currency, and bookings of $22.2 billion outrunning revenue. Every geography and both consulting and managed services grew at that same 7% pace, and managed services set a fourth-quarter record at $12.8 billion. The company ended fiscal 2026 with nearly 110,000 AI and data professionals, past its 80,000 target, while more than 400 clients began advanced AI projects during the year and bookings from its eight emerging AI and data partners more than tripled. Free cash flow reached $11.6 billion, about 1.4 times net income, and Accenture returned $11.5 billion to shareholders through $7.5 billion of buybacks and $4 billion of dividends, with at least $9.5 billion planned for fiscal 2027 and a quarterly dividend of $1.71 per share, up 5%, already declared. Fiscal 2027 guidance calls for 3% to 6% revenue growth in local currency, with 2% to 2.5% of that from acquisitions, and earnings per share guided to climb 3% to 6%, while the shares carry a forward P/E of 12.41 as of October 2.

Jabil reported fourth-quarter revenue up 29% year over year and core earnings per share up 34% to $4.40, and guided fiscal 2027 core EPS to $17.55, another gain of about 34%. The company generated $14.4 billion of AI-related revenue in fiscal 2026 and expects $22.1 billion in fiscal 2027, a 54% increase, with six customers in the segment expected to top $1 billion each in fiscal 2027. Jabil supported $36.0 billion of revenue in fiscal 2026 on just $470 million of net capital spending, lifting core return on invested capital to 59%, nearly triple the fiscal 2020 level, and buybacks absorbed about $1.1 billion of free cash flow during the year. On the risk side, chief supply chain officer Francis McKay said memory is being pulled toward AI and hyperscale buyers, squeezing other markets, and Connected Living is expected to shrink 15% to $2.3 billion, while healthcare fell short in the fourth quarter on equipment delays and a slipped customer program. Jabil is adding more than $8.5 billion of revenue in fiscal 2027, which management called unprecedented, and a second hyperscale customer is expected to pass 10% of total revenue, while net inventory days of 64 remain above the 55 to 60 day target.

Strategy founder and chairman Michael Saylor published data on the company's Bitcoin strategy with the concise comment: "More orange than ever." The post, which appeared on the company formerly known as MicroStrategy, signals a potential massive new Bitcoin purchase by the firm. Saylor's terse remark accompanied the release of the company's Bitcoin strategy data, though no specific purchase amount or dollar figure was disclosed in the source material. The comment echoes Saylor's long-running practice of teasing Strategy's Bitcoin acquisitions ahead of official announcements.