Daily ideas
Cadence says its design IP business now earns royalties and Rambus won pre-standard HBM IP deals as hyperscalers buy custom chip IP directly and early.
INNIO expects more than $50,000 of annual service revenue per MW from data center gas engines, about 70% above its fleet; Wärtsilä sees the same shift but has no orders yet.
Clearwater Paper says about 800,000 tons of SBS paperboard output left the market and a $60/t increase stuck, while Elopak's Americas growth is capped by board supply.
YouGov (YUGVF) and Zedge (ZDGE) say AI labs and robotics developers now pay for human survey and task-video data that cannot be scraped, moving margin to panel owners.
TSMC buys silicon interposers from GlobalFoundries and Amkor has prepayment deals with about 12 customers as AI chip packaging capacity runs short.
Comfort Systems USA, Munters and Indutrade say AI data center buyers now book labor and cooling capacity early; FIX backlog rose 27% to $17.8 billion in Q3 2026.
Gentex and Hexagon flagged memory and component inflation as a Q3 2026 margin headwind; Gentex sees 8-10x part prices as AI boards absorb laminate supply.
Truist, M&T and Regions sold, reclassified or hedged long-dated bonds in Q3 2026 as a Basel III re-proposal moves AFS losses toward core capital.
ASML raised prices on its most critical tools as 2027-28 output falls short of demand, and TSMC calls tool price inflation real while lifting 2026-28 capex.
Fidelity and Schwab are limiting financing for $170bn of tax-aware long-short SMAs; BlackRock is adding counterparties and Interactive Brokers has taken about $300M.
After the eSLR rule eased, Goldman's equities financing revenue rose 96%, JPMorgan cut buybacks to redeploy capital, and Citi's prime balances grew over 40%.
Firefly expects Alpha prices to rise and Spire holds launches through 2028, while Precision Optics sees a ~40% order cut as scarce launch capacity delays satellites.
City Chic and Stitch Fix say GLP-1 users are sizing down: 20% of Stitch Fix new clients report a body change, and size 12 is 8% of City Chic store sales.
DRDGOLD holds a 1.2 Mt/month plant at 500,000 t until its new tailings dam is ready, and Pan African ties its Soweto decision to deposition and permits.
Trip.com first and business class bookings rose over 70% as fuel lifted fares, while Transat, lacking premium and loyalty revenue, saw adjusted EBITDA turn negative.
Barratt Redrow approved just over 3,000 plots against a 10,000-12,000 target and Kier halted new property development as UK returns fall below hurdles.
Alexium (AXIIF) and NanoXplore (GRA) say withdrawn flame-retardant chemistries are forcing polyurethane foam producers to reopen settled formulations.
Kroger plans to expand SmartWay from about 130 to 1,000 items as AVI and US food suppliers report price-led sales with weaker volumes.
Butler National and PWR Holdings are converting approved aviation modifications and parts into repeatable shipments, easing hangar constraints while shifting the bottleneck to certification.
TORM and Imperial Petroleum told Q2 calls that refineries east of Suez cannot get Gulf crude, so product tanker cargo is shrinking even as earnings hit records.
