Alpha Coverage #160
AI, Robotics, Space, Quantum Computing, Climate Change/Energy Transition, Biotech/Genomics
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This Week’s Alpha Coverage: YouTube Playlist or Weekly Compilation.
Editor’s Pick:
JOBY 0.00%↑ UBER 0.00%↑ DAL 0.00%↑
[News] Joby Aviation shows off its electric air taxi capabilities in New York City
Joby Aviation (JOBY) is attracting attention after completing the first-ever point-to-point electric air taxi demonstration flights in New York City across the city’s heliport network. The flights connected JFK with Manhattan sites, including Downtown Skyport and heliports in Midtown, and displayed how the quiet, zero-operating-emissions aircraft could eventually link airports, vertiports, and neighborhoods across the region.
The Santa Cruz, California-based company said the demonstrations, which will continue all week, are meant to prove the concept of fast urban air travel, with a potential trip from Lower Manhattan or Midtown to JFK taking under 10 minutes. Joby (JOBY) described the flights as part of a broader push toward commercial air taxi service, supported by partnerships with Delta Air Lines (DAL) and Uber Technologies (UBER) and by its 2025 acquisition of Blade Air Mobility’s passenger business.
Link to Seeking Alpha News Article - Apr 27, 2026
[News] POET Technologies crashes as it loses deal with Marvell
POET Technologies (POET) shares crashed nearly 50% on Monday after the company disclosed it had lost a contract with Celestial AI, which has been acquired by Marvell Technology (MRVL).
POET added that it remains focused on “executing its strategic priorities and advancing product development within the AI and optical networking markets to meet increasing demand.”
Link to Seeking Alpha News Article - Apr 27, 2026
[News] Bloom Energy Non-GAAP EPS of $0.44 beats by $0.31, revenue of $751.1M beats by $211.08M
Revenue of $751.1M, more than double the prior-year quarter, also came above consensus by $211M. Non-GAAP EPS of $0.44 beat by $0.31.
Product revenue of $653.3 million in the first quarter of 2026, an increase of 208.4% compared to $211.9 million in the first quarter of 2025.
Bloom Energy lifted FY26 revenue guidance to $3.4B–$3.8B from $3.1B–$3.3B. The new range brackets the Street consensus of $3.65B. The company said it also raised gross margin guidance to 32%–34%.
CEO KR Sridhar said on the earnings call that more than half of Bloom’s current data center backlog comes from customers apart from Oracle, including hyperscalers, neo-clouds, and colocation providers.
Sridhar said the company’s current manufacturing footprint supports annual production of up to 5 gigawatts and that the pace of revenue growth is constrained by how quickly customers can build their facilities rather than by Bloom’s production capacity.
Link to Seeking Alpha News Article - Apr 28, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
[News] Alphabet GAAP EPS of $5.11 beats by $2.44, revenue of $109.9B beats by $2.87B
Google Services revenues increased 16% to $89.6 billion, led by 19% growth in Google Search & other,19% in Google subscriptions, platforms, and devices, and 11% in YouTube ads.• Google Cloud saw a meaningful acceleration in growth as revenues increased 63% to $20.0 billion.
On TPU hardware sold into customers’ data centers, Ashkenazi said, “We expect to begin recognizing a small percent of the revenues from these agreements later this year with the vast majority of revenues to be realized in 2027,” and cautioned, “revenues from TPU hardware sales will fluctuate from quarter-to-quarter.”
On investment levels, Ashkenazi stated, “We are updating our full year 2026 CapEx guidance range to $180 billion to $190 billion, up from our previous estimate of $175 billion to $185 billion,” and added, “we expect our 2027 CapEx to significantly increase compared to 2026.”
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
[News] Tesla Semi finally begins mass production
Tesla (TSLA) has announced its first Semi electric truck off its new high-volume production line at Gigafactory Nevada.
“First Semi off high volume line,” the electric vehicle maker posted on X. According to its website, deliveries are expected to start this year.
The Semi truck is priced at about $290,000 for the 500-mile range version and around $260,000 for the 325-mile range version. The truck is designed to travel up to 500 miles on a single charge.
In comparison, Daimler’s (DTRUY) electric truck Freightliner eCascadia is priced at over $400,000 and Volvo’s (VLVLY) electric trucks cost between $276,000 and over $440,000.
Link to Seeking Alpha News Article - Apr 30, 2026
ITA 0.00%↑ USO 0.00%↑ FCG 0.00%↑
[News] Iran responds to U.S. proposals via Pakistani intermediaries - report
Iran has responded to the U.S. amendments to the draft deal to end the war with the U.S. through Pakistani intermediaries.
Iran’s state media IRNA reported on May 1 that Tehran delivered its latest proposal to Pakistan.
Details of the proposal were not disclosed.
U.S. President Donald Trump said Friday he is “not satisfied” with a new offer from Iran to end the Middle East war.
Link to Seeking Alpha News Article - May 01, 2026
Link to Seeking Alpha News Article - May 01, 2026
Link to Gulfnews News Article - May 01, 2026
News, Facts, Analyst & Market Commentary - Short Reads:
[Newsletter Exclusive] ServiceNow’s hybrid pricing gains ground as 50% of new revenue is non-seat-based: CFO
“AI is unlocking productivity, but seat count remains healthy and continued to grow year over year in Q1,” Mastantuono said. “We have a hybrid model that is seat-based first, and as you consume more tokens, fees go in. Over 50% of our new business comes from non-seat-based models. It’s not new. We’ve had this for years, based on infrastructure and services. What’s new is the AI consumption model on top of that.”
Link to Seeking Alpha News Article - Apr 25, 2026
SPY 0.00%↑ QQQ 0.00%↑ DIA 0.00%↑ TLT 0.00%↑ GLD 0.00%↑
Tillis backs Warsh for Fed Chair after DOJ drops Powell probe
“I am prepared to move on with the confirmation of Mr. Warsh,” Senator Thom Tillis said on NBC’s Meet the Press. “I think he’s going to be a great Fed chair.”
The decision likely clears a path for Warsh to win Senate confirmation before May 15, when Powell’s term as chair expires. Republicans on the Senate Banking Committee now appear to have enough votes to advance the nomination despite unified Democratic opposition.
Link to Seeking Alpha News Article - Apr 26, 2026
Circuit board supply chain sees disruption amid Iran war: report
The Middle East conflict has disrupted supplies of vital raw materials and increased prices of the printed circuit boards, or PCBs, used in electronic devices, Reuters reported, citing industry sources and executives.
Earlier this month, Iran struck Saudi Arabia’s Jubail petrochemical complex, which led to a pause in the production of high-purity polyphenylene ether, or PPE, resin, a key base material used to manufacture PCB laminates, the report added.
SABIC, which accounts for about 70% of the world’s high-purity PPE supply and operates in the Jubail complex on the Gulf Coast, has not been able to restart production, severely tightening the availability of the material globally, the report noted. Shipping in and out of the Gulf has been severely disrupted by the Iran war.
A senior executive at Daeduck Electronics, a South Korean PCB, told the news agency his priority has now changed from meeting customers to suppliers, as the waiting time for chemical materials like epoxy resin has grown to 15 weeks from three weeks previously, the report added.
The sharp increase in PCB prices has also been due to a shortage of other crucial materials, such as glass fiber and copper foil, the report noted. Copper foil prices have surged up to 30% so far this year, with the rally seeing momentum in March.
Link to Seeking Alpha News Article - Apr 27, 2026
META 0.00%↑ #OverviewEnergy
Meta partners with Overview Energy to use solar space energy to power AI
Meta Platforms (META) is partnering with Overview Energy to capture space solar energy to power AI infrastructure, giving Meta (META) early access to Overview’s space solar energy system for up to 1 gigawatt of power.
Overview’s space solar system collects solar energy in space and beams it to existing solar facilities on the ground, where it’s converted into electricity. The system can produce electric power around the clock and does not require new land, fuel, or lengthy grid interconnections. As it is “passively” safe for humans, animals, and aircraft, Overview’s technology is engineered to meet U.S. regulatory standards.
Link to Seeking Alpha News Article - Apr 27, 2026
Critical Metals to buy European Lithium in $835M deal, taking full Tanbreez ownership
Critical Metals (CRML) up 7.2% in early trading Monday after saying it agreed to acquire all shares of Australian-listed miner European Lithium (EULIF) for ~$835M, giving the U.S. company full ownership of Greenland’s Tanbreez rare earth project.
Critical Metals (CRML) already owned a 92.5% interest in the asset, with European Lithium (EULIF) holding the remaining 7.5% in the project.
Under the deal terms, European Lithium (EULIF) shareholders would receive 0.035 shares of Critical Metals (CRML) for each share held.
The company noted that European Lithium (EULIF) has a ~A$306M (US$219M) cash balance as of March 31; Critical Metals (CRML), whose standalone cash balance totals US$124M, said it will have a robust balance sheet to accelerate the development of Tanbreez.
Link to Seeking Alpha News Article - Apr 27, 2026
#BYDDF #BYDDY
[Newsletter Exclusive] Chinese auto giant BYD considers entering Formula 1 racing
BYD Company (BYDDF) (BYDDY) confirmed on Monday that the company is evaluating a potential entry into Formula 1 as it looks for ways to create global buzz around its brand. At the Beijing Auto Show, BYD vice president Stella Li called Formula 1 a real opportunity to test the Chinese automaker’s technology.
Fédération Internationale de l’Automobile president Mohammed Ben Sulayem has indicated the organization would welcome a 12th team, particularly if a Chinese manufacturer were involved. Notably, F1’s shift toward more electrified powertrains makes participation more technologically relevant for BYD (BYDDF) (BYDDY) than in the V8 or early hybrid eras.
BYD (BYDDF) (BYDD) is reportedly weighing several options, including acquiring an existing team, joining as the 12th team on the grid, or participating primarily as a power-unit manufacturer or title partner. Buying into or taking over an established outfit is seen by analysts as the more realistic path due to the enormous costs and long lead times involved in building a full team from scratch, with estimates of around $500M per season for a ground‑up effort.
Looking ahead, BYD (BYDDF) (BYDDY) is not limiting its motorsport ambitions to Formula 1 alone and is also studying an entry into the World Endurance Championship, including blue-ribbon events such as the 24 Hours of Le Mans.
Link to Seeking Alpha News Article - Apr 27, 2026
Oracle to use Bloom Energy fuel cells to power 2.45 GW AI data center microgrid in New Mexico
Oracle (ORCL) and BorderPlex Digital Assets said they will utilize Bloom’s fuel cells to fully power the planned multi-billion dollar Project Jupiter AI data center campus in New Mexico.
As part of Oracle (ORCL) and Bloom’s (BE) previously announced expanded partnership, the companies said Project Jupiter will be supported by up to 2.45 GW of installed Bloom fuel cell capacity, replacing the previous plan for the data center to use gas turbines and diesel generators and consolidating the facility into one single microgrid campus.
The Bloom (BE) microgrid will produce fewer emissions compared to its previously planned gas turbines, Project Jupiter with the Bloom (BE) microgrid will reduce nitrogen oxide emissions by 92% and use a negligible amount of water, the companies said.
Link to Seeking Alpha News Article - Apr 27, 2026
Trump administration ends two more offshore wind projects
The Bluepoint Wind project off the coasts of New York and New Jersey was being developed by Ocean Winds, a joint venture between France’s Engie (ENGIY) and Portugal’s EDP Renewables (EDPFY) (EDRVF), and BlackRock’s Global Infrastructure Partners, which will relinquish their leases and be reimbursed for costs in exchange for investing $765M in a U.S. liquefied natural gas facility.
On the west coast, Golden State Wind, which was in the early stages of developing a floating offshore wind project, agreed to cancel its lease off Morro Bay, California, in exchange for $120M in lease fees after it invests a similar amount in oil and gas, energy infrastructure or LNG projects.
The agreements are similar to a deal announced last month in which the U.S. government released TotalEnergies and its partners from $1B in offshore wind leases to redirect investment toward oil and natural gas projects in the U.S.
Link to Seeking Alpha News Article - Apr 27, 2026
Cadence Design Systems Non-GAAP EPS of $1.96 beats by $0.07, revenue of $1.47B beats by $10M
“Cadence had a strong start to 2026 with accelerating AI demand and disciplined execution, delivering one of the best Q1s in company’s history” and “Our record backlog of $8 billion was ahead of plan” (CEO, President & Director Anirudh Devgan).
“Given the accelerating momentum of our business, we are raising our 2026 revenue growth outlook to 17% and expect to achieve the Rule of 60 for the first time” (CEO Devgan).
“We announced a strategic collaboration with Google to optimize the ChipStack AI Super Agent with Gemini on Google Cloud” and “we announced an expanded partnership on AI and robotics with NVIDIA” (CEO Devgan).
For fiscal year 2026, the company expects:
Revenue in the range of $6.125 billion to $6.225 billion vs consensus of $6.13B
GAAP operating margin in the range of 27.5% to 28.5%
Non-GAAP operating margin in the range of 43.5% to 44.5%
GAAP diluted net income per share in the range of $4.39 to $4.49
Non-GAAP diluted net income per share in the range of $7.85 to $7.95 vs consensus of $7.90.
Link to Seeking Alpha News Article - Apr 27, 2026
Link to Seeking Alpha News Article - Apr 27, 2026
WTI crude tops $100 as Trump unhappy with Iran’s proposal to open Hormuz; UAE to quit OPEC
Iran has offered to reopen Hormuz if the U.S. lifts its naval blockade and pledges no further attacks, but it wants to postpone discussions on its nuclear program.
Separately, the United Arab Emirates said it will exit OPEC and OPEC+ as of May 1.
Front-month Nymex crude (CL1:COM) for June delivery up 4.1% to $100.32/bbl, and front-month Brent crude (CO1:COM) for June delivery up 3.4% to $111.94/bbl, after both benchmarks gained more than 2% on Monday.
Link to Seeking Alpha News Article - Apr 28, 2026
Nvidia’s Nemotron 3 Nano Omni model unifies vision, audio and language for agents
The open, multimodal model unifies vision, audio, and language capabilities into one system. This leads to more efficient agents, as they can perform a wider range of tasks by utilizing one comprehensive model rather than drawing from separate models.
Nvidia said it leads to agents that are up to nine times more efficient.
Link to Seeking Alpha News Article - Apr 28, 2026
NextEra Energy says St. Lucie nuclear plant approved to operate for another 20 years
NextEra Energy (NEE) closed up 1.7% on Tuesday after saying the Nuclear Regulatory Commission has approved subsequent license renewals for St. Lucie Nuclear Plant Units 1 and 2 in Florida, extending operations through 2056 and 2063, respectively.
The St. Lucie plant generates enough electricity to power more than 1M homes and businesses, and supplies ~11% of the total generation for NextEra’s (NEE) Florida Power & Light unit.
Link to Seeking Alpha News Article - Apr 28, 2026
NXP Semiconductors Non-GAAP EPS of $3.05 beats by $0.08, revenue of $3.18B beats by $20M
NXP is positioning around “software-defined vehicles, physical AI and now with greater visibility than before, data center infrastructure” (CEO Sotomayor).
Automotive revenue “$1.78 billion” and industrial & IoT “$628 million” (CEO Sotomayor)
“In 2025, revenue related to data center applications was about $200 million” and “we believe this business will be north of $500 million this year” (CEO Sotomayor), stating NXP has positions in “system cooling, power supply, board management and control plane switching applications” and is “reinforcing our i.MX application processor family for this opportunity” (CEO Sotomayor).
“Automotive is expected to be up in the low double-digit percent range year-on-year” and, excluding the MEMS Sensors sale, “a high teens percentage growth year-over-year”; industrial & IoT is expected “up in the high 30% range year-over-year”; communications infrastructure and other is expected “up in the mid-30% range” (CEO Sotomayor).
Link to Seeking Alpha News Article - Apr 28, 2026
Link to Seeking Alpha News Article - Apr 28, 2026
[Newsletter Exclusive] Enphase Energy drops after revenue falls on weak U.S. demand
Enphase Energy’s (ENPH) first-quarter revenue fell roughly 21% from a year earlier on weak demand for residential solar products in the United States.
Q1 revenue came in at $282.9M on Tuesday, narrowly beating estimates by $0.5M. Non-GAAP earnings per share came in at $0.47, beating estimates by $0.02.
The company said revenue also fell sequentially by 23% after a federal residential solar tax credit expired. U.S. sell-through, actual product sold to end customers, dropped 48% from the fourth quarter and 18% from a year ago.
Enphase guided Q2 revenue to $280M to $310M, in line with the analyst estimate of $297M, but $85M of that figure comes from safe harbor shipments, purchases pulled forward by customers ahead of a July 4 tariff deadline, rather than underlying demand. Tariffs are expected to reduce Q2 gross margins by 3 percentage points.
Enphase cut U.S. distributor prices by 12%-14% in March and plans to cut European battery prices by 10% in May, following a 20% microinverter price cut in December, citing competition. Enphase is now developing products for AI data centers. “We are excited to announce today the development of our IQ solid-state transformer product for AI data centers,” said the CEO in conference call.
Link to Seeking Alpha News Article - Apr 29, 2026
Generac surges after raising full-year sales forecast on growing data center backlog
Generac (GNRC) up 14.5% in Wednesday’s trading to $255.87, its highest intraday level in more than three and a half years, after easily beating Q1 adjusted earnings expectations, lifted by solid demand for backup generators and a growing backlog from data center customers, and raising full-year guidance.
Q1 profit rose to $73M, or $1.24/share, from $44M, or $0.73/share, in the year-earlier quarter, and revenue rose 12.5% Y/Y to $1.06B, as sales in the residential segment edged up 1% Y/Y to $549M and sales in the commercial and industrial segment jumped 28% to $510M.
Generac (GNRC) said it now sees FY 2026 revenue growth in the mid-to-high teens percent range, which translates to a range of $4.84B-$5B, compared to the $4.85B FactSet consensus estimate and up from the company’s prior forecast of the mid-teens range, and boosts guidance for adjusted EBITDA margin to 18.5%-19.5% from its prior outlook of 18%-19%.
“We are continuing to build momentum in the large and rapidly growing data center end market as we are in the final stages of vendor approval with multiple hyperscale customers and have expanded our backlog for these products with both new and existing customers,” President and CEO Aaron Jagdfeld said.
Praneeth Satish, Wells Fargo: asked if a multiyear hyperscale agreement refers to the $600M notice; CEO Jagdfeld said two hyperscalers are in progress and “we’re going to need to build a bigger boat” for capacity.
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
Uber adds hotel bookings as part of its goal to be the app for everything
Through a partnership with Expedia Group (EXPE), Uber (UBER) customers in the U.S. will be able to book hotels directly in the Uber app. The wide selection of hotels is anticipated to ultimately grow to more than 700K properties in destinations around the globe. In addition, vacation rentals from Expedia (EXPE) Group brand, Vrbo, will be added later this year.
Following an initial pilot, Uber (UBER) rides will be integrated directly in the Expedia app (EXPE) beginning in June. Travelers will receive push notifications before their hotel check-in date to book Uber rides discounted for the duration of their trip. The partnership is expected to expand beyond the U.S.
Link to Seeking Alpha News Article - Apr 29, 2026
Teradyne Non-GAAP EPS of $2.56 beats by $0.45, revenue of $1.28B beats by $70M
CEO Gregory Smith called Q1 2026 “record results,” adding that “AI-related demand accounted for nearly 70% of our revenue, up from about 60% in Q4 of 2025.”
Smith said Teradyne “received our first multisystem production test orders for merchant GPU in Q1” and that the company expects these systems “to ship, be installed and be in production in Q2,” framing this as an early step toward broader GPU share capture over time.
VP, CFO, Treasurer & Principal Accounting Officer Michelle Turner reported Robotics revenue of “$91 million,” adding that “AI revenue increased to 15% of the quarter’s sales”.
Guidance for the second quarter of 2026 is revenue of $1,150 million to $1,250 million, with GAAP net income of $1.83 to $2.12 per diluted share and non-GAAP net income of $1.86 to $2.15 per diluted share.
Link to Seeking Alpha News Article - Apr 28, 2026
Link to Seeking Alpha News Article - Apr 28, 2026
Amazon GAAP EPS of $2.78 beats by $1.13, revenue of $181.52B beats by $4.35B
AWS segment sales increased 28% year-over-year to $37.6 billion, the fastest pace in four years.
AWS segment operating income was $14.2 billion, compared with $11.5 billion in the first quarter of 2025.
During the earnings conference call, CEO Andy Jassy pointed out that the chips business grew 40% in Q1. “Our custom silicon business is now one of the top 3 data center chip businesses in the world,” stated Jassy.
Net sales are expected to be between $194.0 billion and $199.0 billion vs consensus of $188.86B, or to grow between 16% and 19% compared with second quarter 2025.
“Amazon Ads... generating $17.2 billion of revenue in the quarter and up 22% year-over-year.” (President, CEO & Director Jassy)
Brian Nowak, Morgan Stanley: asked for an update on AWS backlog breadth; President, CEO & Director Jassy said, “the backlog for Q1 is $364 billion” and added, “That’s reasonable breadth... It’s not just 1 customer or 2 customers”.
Justin Post, BofA Securities: asked about selling Trainium racks; President, CEO & Director Jassy said, “I expect over time, there’s a good chance we’re going to sell racks over the next couple of years.”
Robert Sanderson, Loop Capital Markets: asked to “dimensionalize” Amazon Leo and Globalstar’s role; President, CEO & Director Jassy said, “we have over 250 satellites in space,” and added, “the business has a chance to be a very large many billion-dollar revenue business,” while also stating, “We have over 20 launches planned this year” and “over 30 launches planned in 2027.”
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
Microsoft GAAP EPS of $4.27 beats by $0.22, revenue of $82.89B beats by $1.46B
Microsoft Cloud revenue was $54.5 billion and increased 29%.
Revenue in Intelligent Cloud was $34.7 billion and increased 30%.
Revenue in More Personal Computing was $13.2 billion and decreased 1%.
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
[Newsletter Exclusive] Chipotle anticipates around 350 openings in 2026 while targeting 2,000 high-efficiency equipment installs by year-end
On tech and digital initiatives, Boatwright said Chipotle Kitchen (digital makeline display) is “now live in over 100 restaurants” with rollout “across all locations by the end of the year,” while “Ava Cado” is expanding into operational use cases, and “our Zipline pilot for drone delivery is showing encouraging early results” with expansion planned in Q2 (CEO Boatwright).
Link to Seeking Alpha News Article - Apr 29, 2026
Procept GAAP EPS of $0.56 beats by $1.12, revenue of $83.13M beats by $2.59M
“We sold 49 Hydros systems, which included 2 replacement systems” and “U.S. Hydros system average selling prices of approximately $485,000” (President Wood).
“We also announced the first international launch of Hydros in the U.K.” (President Wood).
President Wood: “in the first quarter, we sold 7 new Hydros systems in the United Kingdom” and “we continue to evaluate what other markets in Europe that we should be looking at.”
The Company continues to expect revenue for the full year 2026 to be in the range of $390 million to $410 million, which represents growth of 27% to 33% compared to the prior year period
The Company continues to expect full year 2026 U.S. procedure growth to be in the range of 39% to 48% compared to the prior year period
The Company continues to expect full year 2026 gross margin to be approximately 65%
The Company continues to expect full year 2026 adjusted EBITDA* loss to be in the range of $30 million to $17 million
Link to Seeking Alpha News Article - Apr 29, 2026
Link to Seeking Alpha News Article - Apr 30, 2026
#Roze #SFTBY
[Newsletter Exclusive] SoftBank targets $100B IPO for AI robotics venture Roze
Japan’s SoftBank Group (SFTBY) is planning to create a new AI and robotics company designed to automate data center construction, with an eye on a roughly $100B U.S. IPO, FT reported, citing sources.
The Japanese conglomerate plans for Roze to go public as early as this year.
Roze is the Japanese group’s planned AI and robotics venture aiming to deploy AI-driven systems and robots to speed up construction and improve efficiency, addressing a key bottleneck in AI infrastructure as demand for computing capacity surges.
Link to Seeking Alpha News Article - Apr 30, 2026
Nvidia B300 servers hit $1M price in China amid U.S. curbs - report
The price for Nvidia’s (NVDA) B300 servers, key for AI tasks, is now around $1M (7M yuan) each in China due to surging demand and tightened U.S. export curbs that have disrupted supply chains, Reuters reported, citing industry sources.
The B300 server—the chipmaker’s most powerful system for AI workloads—scaled sharply from around 4M yuan late last year, reflecting a scarcity premium driven by stricter U.S. export curbs.
In the U.S., a B300 server, which houses eight B300 GPUs, costs about $550,000, up slightly from around $500,000 earlier, highlighting the growing price gap due to limited supply in China.
Some companies, priced out by the surge, are turning to rentals instead, with one-year short-term contracts costing as much as 190,000 yuan per month.
Link to Seeking Alpha News Article - Apr 30, 2026
Carrier Global beats top-line and bottom-line estimates; reaffirms FY26 outlook
Carrier Global press release (CARR): Q1 Non-GAAP EPS of $0.57 beats by $0.06.
Revenue of $5.34B (+2.3% Y/Y) beats by $330M.
Data center orders up over 500%; backlog fully covers expected 2026 data center sales
Total company orders1 up 11%; Commercial HVAC1 up 35%.
Link to Seeking Alpha News Article - Apr 30, 2026
Monolithic Power Systems, Inc. Non-GAAP EPS of $5.10 beats by $0.20, revenue of $804.2M beats by $22.08M
For the second quarter of 2026 ending June 30, we are forecasting:
Revenue in the range of $890 million to $910 million vs $819.44M consensus.
Tony Balow highlighted demand drivers and strategic expansion: “Our communications end market grew 33% sequentially on the strength of our power solutions for optical modules and switches,” and “MPS continued to grow our capacity past our original $4 billion plan with a new goal of reaching $6 billion in the near future.”
Management raised its Enterprise Data growth framing vs. last quarter: “In the last call, we kind of rose that to a 50% floor…at this point in time, I think we’re comfortable raising that floor up to around 85% year-over-year growth,” said Tony Balow.
Richard Schafer, Oppenheimer: Asked if supply limits upside and about robotics timing; CEO Hsing: “MPS is one of the players,” and on robotics, “We see this year…volume are still low…very difficult to predict,” while Balow said MPS is “trying to engage broadly and win all the designs we can.”
Link to Seeking Alpha News Article - Apr 30, 2026
Link to Seeking Alpha News Article - May 01, 2026
Ftai targets $1.625B 2026 segment EBITDA while raising quarterly dividend to $0.45
“We refurbished 270 CFM56 module this quarter across our four facilities” and “this is a good start to our 2026 production goal of 1,050 modules.” (President David Moreno)
The Mod-1 is FTAI Power’s aeroderivative gas turbine product — a retired or near-retirement CFM56 commercial jet engine converted into a 25-megawatt natural gas power turbine. The conversion involves replacing the aviation fuel system to run on natural gas instead of jet fuel, and swapping out the large front fan. The end product is a compact, modular power unit targeting data centers and AI hyperscalers.
“We remain firmly on track to commercially launch the Mod-1 in the fourth quarter,” and “based on these conversations stand today, we expect to be mostly sold out of our 2027 target production in the near term with a meaningful portion of 2028 spoken for.” (President Moreno)
Kristine Liwag, Morgan Stanley: “when you said that you’re mostly sold out for 2027.” President Moreno: “we’re in advanced negotiations… we expect, let’s say, to be sold out imminently.”
Announced a strategic packaging and distribution joint venture with Jereh Group, a global leader in gas turbine mobile packaging, to support the planned 2027 production target of 100 Mod-1 CFM56 aeroderivative units.
Link to Seeking Alpha News Article - Apr 30, 2026
Link to Seeking Alpha News Article - Apr 29, 2026
WealthWise Research - Apr 30, 2026
Caterpillar Non-GAAP EPS of $5.54 beats by $0.90, revenue of $17.4B beats by $980M
“Sales and revenues were $17.4 billion, up 22%,” and “backlog grew to a record level of $63 billion,” with “total first quarter orders” described as “an all-time record,” according to (Chairman & CEO Joseph Creed).
(Chairman & CEO Creed) highlighted Power and Energy demand, stating “power generation grew 48%, driven by strong demand for large gensets and turbines used in data center applications with an increasing mix towards prime power,” and added that the company announced “PROPWR up to 2.1 gigawatts of large gas generator sets for prime power generation,” with deliveries expected “over the next 5 years.”
Robert Wertheimer, Melius Research LLC: Asked what drove the large engine capacity decision and timing; (Chairman & CEO Creed) replied “mostly driven by power generation,” added “it is fungible capacity,” and said “heavy investment in ’27” with investment “still in ’28 and ’29,” expecting “incremental units…as early as 2027.”
Jerry Revich, Wells Fargo: Asked about data center power architecture and gigawatts booked; (Chairman & CEO Creed) said “each site is a little bit different,” and “having turbines and recips is an advantage for us,” adding the company had “6 announcements over 1 gigawatt.”
Link to Seeking Alpha News Article - Apr 30, 2026
Link to Seeking Alpha News Article - Apr 30, 2026
[Newsletter Exclusive] First Solar GAAP EPS of $3.22 beats by $0.24, revenue of $1.04B misses by $10M
“Since our last earnings call on February 24, we secured gross bookings of 1.9 gigawatts... we booked 1.4 gigawatts into our key U.S. utility-scale market at an ASP of approximately $0.35 per watt,” said CEO & Director Mark Widmar.
“We produced 4.3 gigawatts of modules in the quarter” and “our U.S. facilities operated at approximately 96% utilization,” said (CEO & Director Widmar). He also said the South Carolina finishing facility “is on track for production start in the second half of 2026,” while “our international facilities in Malaysia and Vietnam continue to operate at a significantly reduced utilization consistent with current trade dynamics and lower ASP expectations for internationally produced modules.”
“Our contracted backlog was 47.9 gigawatts at an aggregate transaction price of $14.4 billion, exclusive of technology adjusters with deliveries through 2030,” said (Chief Financial Officer Alexander Bradley).
Joseph Osha, Guggenheim: asked to clarify South Carolina vs. perovskite; CEO Widmar said South Carolina “is our CuRe... Series 6 product” and “has nothing to do with perovskite,” while perovskite pilot capacity will be in “our Perrysburg facility” using some Southeast Asia back-end tools.
Link to Seeking Alpha News Article - Apr 30, 2026
Link to Seeking Alpha News Article - Apr 30, 2026
ALAB 0.00%↑ CRDO 0.00%↑ LITE 0.00%↑ CIEN 0.00%↑ CLS 0.00%↑ COHR 0.00%↑
Astera Labs, Credo among 6 AI stocks to get coverage from Rothschild
Astera Labs (ALAB), Credo Technology (CRDO), and Lumentum (LITE) were among a group of six artificial intelligence-linked stocks to receive coverage from investment firm Rothschild & Co.
Astera and Ciena (CIEN) were given Neutral ratings and price targets of $153 and $416, respectively. Credo, Celestica (CLS), Lumentum, and Coherent (COHR) were all rated Buy with price targets of $206, $460, $1,270, and $455, respectively.
“The monetization of Generative AI (GenAI) capex will require more intelligent large language models,” Rothschild analyst Mike Harrison wrote in a note to clients. “Model intelligence stems, in part, from the rate at which information is exchanged between chips. But the rate of this information exchange – bandwidth – is constrained by the copper interconnects that have historically fused parts of the data center together. As a result, the transmission of electrical signals down copper wires will increasingly give way to the transmission of photonic signals down optical fibers. For optical networking companies, this transition represents a (mostly) new addressable market. Companies that provide the technologies for Co-Packaged Optics, Optical Circuit Switching and the scale-across interconnects between data centers will likely experience rapid growth in revenues.”
As such, Harrison said he sees an expansion in the total addressable market for optical-focused companies as scale-up architectures require more of it.
Link to Seeking Alpha News Article - May 01, 2026
Disclosure: We own positions in some/all of the tickers mentioned in this article.
