In today’s briefing:
- The Nikkei Semiconductor Index Rebalance, Kioxia, Nikkei Volatility Hedge
- How 172% DRAM Spikes Turn Intel’s ‘Worst’ Feature Into Its Best Asset
- Astera Labs: What Scorpio X Reveals About Its Bold Diversification Strategy!
- Advanced Micro Devices (AMD): Expansion Of Its Space-Grade Adaptive SoC Portfolio Could Supercharge Growth!
- Adobe’s $1.9 Billion Semrush Buy: Brilliant Strategy or Costly Distraction?
- Palo Alto Is Quietly Building a Cloud Empire—The Chronosphere Acquisition Is Just the Start!
- Leidos Accelerates a Defense Supercycle Fueled by Hypersonics & Radar Innovation!
- Nvidia Earnings Read-Across; Now for Something (Very) Different!
- Klook IPO (NYSE: KLK): Fair Valuation Would Be Significantly Above Last Reported Valuation
- Tyler Technologies Snaps Up CloudGavel—What’s The Real Play Here?
The Nikkei Semiconductor Index Rebalance, Kioxia, Nikkei Volatility Hedge
- Kioxia set for inclusion in the Nikkei Semiconductor Index next week, alongside JX Advanced Metals, less than one day’s average daily volume in passive inflow at the close.
- Kioxia’s Q2 2025 results show an accelerating QoQ recovery and solid Q3 2025 forecasts, driven by high demand from data center and smart device products, confirming effective business structure reform.
- Stock is fairly valued after 2025 rally, potential weaknesses being value metrics such as P/E alongside execution of margin and product pipeline targets.
How 172% DRAM Spikes Turn Intel’s ‘Worst’ Feature Into Its Best Asset
- DRAM has jumped 172 % YoY and is still climbing; another 30–50 % hike is baked into Q4, wiping out the 4–6 % operating margins most PC OEMs live on.
- Intel’s soldered-down LPDDR5X, once hated for killing the lucrative RAM-up-sell, now locks the memory cost inside the processor.
- With memory inflation off their books via a safe margin play, OEMs can hold notebook ASPs and guidance
Astera Labs: What Scorpio X Reveals About Its Bold Diversification Strategy!
- Astera Labs delivered strong third-quarter results for fiscal year 2025, surpassing their expectations with a notable increase in revenue and profitability metrics.
- The company’s quarterly revenue reached $230.6 million, marking a 20% increase from the previous quarter and a remarkable 104% growth compared to the same period last year.
- This significant growth was driven by broad-based performance across its product lines, including signal conditioning, smart cable modules, and switch fabrics.
Advanced Micro Devices (AMD): Expansion Of Its Space-Grade Adaptive SoC Portfolio Could Supercharge Growth!
- Advanced Micro Devices (AMD) reported a robust third quarter in 2025, showcasing significant revenue growth across its business segments driven by strong product demand.
- For the quarter, AMD’s revenue increased by 36% year-over-year, reaching $9.2 billion.
- This growth was broad-based, with strong performance in the data center, server, gaming, and PC segments.
Adobe’s $1.9 Billion Semrush Buy: Brilliant Strategy or Costly Distraction?
- Adobe Systems Incorporated has reported strong financial results for the third quarter of fiscal year 2025, showcasing continued double-digit growth in both revenue and profitability, driven largely by its strategic emphasis on artificial intelligence (AI).
- The company saw record revenue of $5.99 billion, marking a 10% increase year-over-year, while GAAP earnings per share reached $4.18 and non-GAAP earnings per share was $5.31, reflecting an impressive 14% growth.
- The incorporation of AI into Adobe’s product suite has been a significant focus, as exemplified by the deployment of AI innovations across its flagship Creative Cloud applications like Photoshop, Illustrator, and Premiere Pro.
Palo Alto Is Quietly Building a Cloud Empire—The Chronosphere Acquisition Is Just the Start!
- Palo Alto Networks recently discussed their fourth quarter financial results, detailing both positive achievements and certain challenges.
- The company reported a significant growth trajectory, crossing the $10 billion revenue mark, a first for a dedicated cybersecurity company.
- This milestone reflects the successful execution of a long-term strategy focused on preemptive cybersecurity advancements tailored to match the evolving market landscape.
Leidos Accelerates a Defense Supercycle Fueled by Hypersonics & Radar Innovation!
- Leidos Holdings, Inc., a prominent player in the defense, aviation, information technology, and biomedical research fields, has reported a solid financial performance for the third quarter of 2025.
- The company continues to display resilience in navigating a dynamic and uncertain macroeconomic landscape, bolstered by its strategic initiatives and governmental partnerships.
- Leidos reported a 7% year-over-year increase in revenue to $4.47 billion, illustrating strong top-line growth despite challenges such as the government shutdown and previous headwinds from efficiency reviews.
Nvidia Earnings Read-Across; Now for Something (Very) Different!
- Strong Nvidia beat reinforces strength in demand environment for AI.
- Nvidia’s 3QFY26 results materially exceeded consensus expectations, with revenue of $57.0 billion (+22% Q/Q, +62% Y/Y) versus Street estimates of ~$54.9 billion and adjusted EPS of $1.30 versus Street estimates of $1.25.
- Data center revenue of $51.2 billion handily surpassed consensus of ~$49.0 billion, accounting for 90% of total revenue and underscoring sustained enterprise AI adoption.
Klook IPO (NYSE: KLK): Fair Valuation Would Be Significantly Above Last Reported Valuation
- Klook Technology Limited, travel and leisure booking platform company with leadership position in APAC intra-regional travel, aims to raise up to $500M in US IPO.
- The company is expected to IPO in December. Goldman Sachs, J.P. Morgan and Morgan Stanley are leading the offering and Klook will list its ADSs on the NYSE.
- My IPO valuation analysis coalesces around initial valuation range between $2.5B and $3.5B for Klook Technology Limited upcoming offering.
Tyler Technologies Snaps Up CloudGavel—What’s The Real Play Here?
- Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year.
- This growth was driven by a 20% increase in SaaS revenue and an 11.5% rise in transaction revenue.
- The company has maintained a steady pipeline of business, supported by stable RFP and demo activities, suggesting a resilient demand in the public sector for Tyler’s solutions.
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