Research
Arguments built from the bottom up, in units.
Each piece takes one claim and tests it against the physical numbers — gigawatts, factory capacity, lead times, backlog — and names every source. If the claim fails, that is the finding.
Alnylam Fell 25% in a Day. Its US Demand Still Grew $81M in the Quarter
Alnylam fell 25.1% on 29 October. It steered 2026 heart-drug sales to the low end of guidance and admitted its larger sales force has not yet added patients.
ALNYOct 31, 2026
Analysts Cut Carvana's Targets After Its Biggest Quarter. Its Capacity Disagrees
Carvana sold 217,385 used cars in the third quarter, 39% more than a year earlier, in a market that was flat.
CVNAOct 31, 2026
Fortinet Fell 24% Over a $40 Million Service Cut. The Number That Matters Is 2027 Hardware
Fortinet beat its own guidance on every line on 28 October and raised full-year revenue and earnings. It also trimmed 2026 service revenue guidance by $40M at the midpoint, and the stock fell…
FTNTOct 31, 2026
Gen Digital Ruled Out a Big Acquisition. Consensus Has Its Growth Engine at Half Speed
On 28 October Gen beat and raised for the second time this fiscal year, and chief executive Vincent Pilette said it is 'not working on a transformative acquisition today.'
GENOct 31, 2026
HII Won $32.4 Billion of Navy Work in a Quarter. The Backlog Is Secure, and Labour Now Sets the Pace
HII booked a record $32.4B of awards in the third quarter, taking backlog to $86.2B before a $5.1B carrier overhaul books in the fourth.
HIIOct 31, 2026
Intel's Data Center Grew 78%. The Stock Then Had Its Worst Day Since 1974
Intel beat on every line in the third quarter, then guided the fourth quarter about $1.8B below the Street. The stock fell 45% in October.
INTCOct 31, 2026
Norwegian Cruise Sells a $25,000-a-Night Suite. Its Stock Trades at 9.7 Times Trailing Earnings
Norwegian Cruise Line Holdings beat its third-quarter guidance by $0.22 a share on 29 October and gave a first 2027 outlook that calls for yield growth after a year of decline. CNBC put the day's…
NCLHOct 31, 2026
ServiceNow Lost a Third of Its Value Over One Point of Backlog Growth
ServiceNow beat its own guidance on subscription revenue and margin in the third quarter, then fell 27% in a day because its fourth-quarter backlog guide came in about a point below consensus.
NOWOct 31, 2026
Pentair's CEO Says 80/20 Was 'Probably Misused.' The Repair Is Already in the Numbers
Pentair said on 27 October that its pool destock is finished. Distributors cut about $280M of its equipment from their shelves over two quarters. The stock rose 19.8% that week.
PNROct 31, 2026
Reddit Fell 36% on a Warning About Users Who Bring In 4% of Its Revenue
Reddit grew revenue 53% in the third quarter, and the stock still fell 36.4% in five trading days after a soft fourth-quarter guide and a warning that daily users could fall by a low double-digit…
RDDTOct 31, 2026
Twilio Raised Its 2027 Floor, Then Lost 22% of Its Value in Five Days
Twilio beat on revenue and earnings on 29 October and raised its 2027 floor to at least 10% organic growth, yet the stock fell 21.7% in five trading days.
TWLOOct 31, 2026
Vertiv Will Stop Reporting Its Orders. Customers Have Already Prepaid $4.1B
Vertiv's third-quarter sales rose 61% and organic orders more than doubled. That ended a five-month slide that had taken the stock about 49% below its May high.
VRTOct 31, 2026
Magic Took Hasbro Up 35% in a Month. The Stock Is Fair on Management's Numbers, and Cheap Only if Magic Beats Them
Magic: The Gathering topped $600M of revenue in a quarter for the first time, and Hasbro raised its 2026 guidance for the second time this year.
HASOct 25, 2026
Rubrik's CEO Said 'Accelerated' Twice. Analysts Model a 30% Slowdown
Rubrik is speeding up. New annual subscriptions added in the July quarter grew 35%, and the full-year guide for them has doubled from 7% growth to 14%.
RBRKOct 24, 2026
Analysts See Marathon Petroleum Earning $55 a Share in 2027 and Half That in 2028. I Think Both Years Are Wrong
The war knocked out the world's refineries faster than its oil supply. Crude is moving through Hormuz at pre-war levels again, but refined fuel is moving at under a fifth of its old rate.
MPCOct 16, 2026
Okta Fell 9.2% on an Anthropic Launch. Six Months Later, Anthropic Picked Okta
The February sell-off was wrong about Anthropic. Okta fell 9.2% in one day when Anthropic launched a security product. By August, Anthropic had named Okta the first identity provider for its new…
OKTAOct 10, 2026
Atlassian's 13% Guide Hides a Cloud Business Growing 31%
Atlassian guides FY27 revenue up 13%, yet its Cloud business grew 31% in the June quarter. Retiring the self-hosted Data Center product explains most of the gap, and the remaining lines are guided…
TEAMOct 10, 2026
Dell Took 3.7 Times More AI Orders Last Quarter Than It Could Ship
Dell booked $60.9B of AI server orders in the three months to 31 July 2026 and shipped $16.4B of them, leaving a backlog of $95B.
DELLSep 27, 2026
Moderna's 177% Day Now Needs $10.80 Billion of Revenue. The Data Lands 24 October.
Moderna traded at $22.28 within the last 52 weeks and closed at $198.88 on 26 September, after one cancer trial readout added roughly $45B of market value in a single session.
MRNASep 27, 2026
AMD Signed OpenAI, Meta and Anthropic. Consensus Already Has Every Gigawatt.
AMD has contracted 14 gigawatts of Instinct deployment: OpenAI 6 GW, Meta up to 6 GW, Anthropic up to 2 GW, first shipments H2 2026 to H1 2027.
AMDSep 21, 2026
$52.8 Billion of Free Cash Flow Buys Back a Fifth of Sandisk by 2028.
Sandisk is listed because SK hynix vetoed the merger Western Digital wanted. Four days after those talks collapsed in October 2023, WDC's board authorised the split instead.
SNDKSep 21, 2026
AI Booked 110 Gigawatts of Gas Turbines. The Factories Build 65 a Year.
Global data-center electricity demand is set to at least double this decade, from about 415 terawatt-hours in 2024 to somewhere between the IEA's conservative 945 and Goldman's and McKinsey's…
AIPOWERJul 15, 2026
SanDisk Locked In $42 Billion of Multi-Year Memory Backlog. Q4 Prints August 5.
SanDisk reported $5.95 billion in fiscal Q3 revenue (quarter ended April 3, 2026), up 251% year over year and 97% sequentially, with datacenter revenue up 233% as hyperscalers built out AI storage.
SNDKJul 14, 2026
AMD Just Locked In 12 Gigawatts of Committed AI Demand. Q2 Prints in 22 Days.
AMD entered July with two multi-year deployment commitments totaling 12 gigawatts of GPU capacity (Meta's 6GW MI450 deal announced February 24, 2026, plus OpenAI's 6GW deal announced October…
AMDJul 13, 2026
