Alpha Coverage #175
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:
[News] Rocket Lab slides as Neutron launch could slip to 2027
Rocket Lab (RKLB) shares fell more than 9% in premarket trading Tuesday after the company signaled a narrowing window for the first flight of its Neutron rocket, raising the possibility that the vehicle could debut in 2027 instead of this year.
The company said Neutron remains scheduled to reach the launchpad in the fourth quarter of 2026, but stopped short of maintaining its previous target for a first flight before year-end.
“Production currently lines up with the target delivery of Neutron to the pad in Q4 2026. While the window for an end-year launch is narrowing, the work we’re doing now is about risk trading, balancing the timing of our first launch against how quickly and seamlessly we can scale at tenth launch,” CEO Peter Beck said during the earnings call.
Link to Seeking Alpha News Article - Aug 11, 2026
[News] Definium succeeds in late-stage trial for LSD-derived psychiatric therapy
Definium Therapeutics (DFTX) on Wednesday announced that a late-stage trial for DT120, its LSD-based psychiatric treatment, reached the main goal in patients with generalized anxiety disorder, one of the most common mental illnesses.
Following an analysis of topline data, the company said its Phase 3 Voyage trial met the primary endpoint, a clinical measure called the Hamilton Anxiety Rating Scale (HAM-A).
According to Definium (DFTX), the least squares mean change from baseline in the HAM-A total score was -11.6 at Week 12 in patients who received DT120 compared with -6.2 in those on placebo.
The effects were statistically significant and clinically meaningful, the company said, adding that changes began as early as Day Two and lasted across all time points from baseline.
DT120, which is an orally disintegrating tablet formulation of lysergide (LSD) D-tartrate, was well tolerated in the 214-subject trial, with treatment-emergent adverse events being mild to moderate, Definium (DFTX) said.
The company expects to share topline data from Panorama, its second Phase 3 study for DT120 in GAD, next month.
Link to Seeking Alpha News Article - Aug 12, 2026
[News] Enovix expects Q3 revenue of $9M-$10M as smart eyewear deliveries target ~19,000 packs
In smartphones “our lead customer confirmed that our cells passed more than 1,000 cycles on the 0.2C discharge cycle test,” with “one final cycle life test” remaining and “testing by the end of 2026” expected (President, CEO & Director Raj Talluri).
Smart eyewear moved into revenue: “the production ramp of our lead customer has begun,” Enovix “shipped approximately 2,100 batteries to a Tier 1 customer,” “recorded our first smart eyewear product revenue,” and said it has “delivery orders in hand for approximately 19,000 packs” planned for Q3, part of a “50,000 unit pack order” expected to be completed with the remaining balance in Q4 (President, CEO & Director Talluri).
Drones/defense pipeline expansion and capacity plan were emphasized: “the pipeline for products manufactured in South Korea increased 41% to approximately $183 million from the $130 million at the end of first quarter,” and Enovix said it “ordered additional production equipment for the MX1-B01” with it “operational by mid-2027” and “initial commercial shipments and revenue expected to follow” (President, CEO & Director Talluri).
“Defense shipments from South Korea remained the largest contributor, while smart eyewear generated its first product revenue” (Chief Financial Officer Ryan Benton).
“For the third quarter, we expect revenue between $9 million and $10 million,” with “continued defense and industrial shipments from South Korea and a significant sequential increase in smart eyewear deliveries” (Chief Financial Officer Benton).
“We expect to finish remaining testing by the end of 2026” for the “final accelerated smartphone qualification test,” and for the “second smartphone OEM” Enovix said it “expect[s] to begin sample deliveries in the fourth quarter” (President, CEO & Director Talluri).
Mark Shooter, William Blair: Pressed why another test remains after “passing the 1,000 cycles”; President, CEO & Director Talluri said the gating item is an “accelerated test” to be “more representative of what a phone might actually do,” and Chief Financial Officer Benton tied it to replacing “the traditional graphite test” and said “we expect one or more of those to pass by the end of the year.”
Link to Seeking Alpha News Article - Aug 12, 2026
[News] Uber, China’s Pony.ai plan European robotaxi push with 2,000 vehicles
Pony AI (PONY) and U.S. ride-hailing giant Uber (UBER) announced an expansion of their strategic partnership, with plans to collaborate on the deployment of more than 2,000 Pony.ai robotaxis across Europe.
In late March, Uber and Pony.ai launched a commercial robotaxi service in Croatia’s capital Zagreb — which they claim is the first in Europe. The partnership announced on Friday will roll out robotaxis to four other European cities. The companies did not name the cities or share an exact timeframe.
Alphabet (GOOG)-backed robotaxi operator Waymo is the global leader with a fleet of around 5,000 vehicles, primarily in the U.S. It is testing rides in London and reportedly set up new entities in four major EU economies in June. The company is also said to have plans underway in Tokyo, and is engaging with officials around the world to lay the groundwork for global operations.
Link to Seeking Alpha News Article - Aug 14, 2026
[News] Tesla is talking flying cars once again as it preps for a Roadster demo
Tesla (TSLA) is reportedly preparing to unveil a radically redesigned next-generation Roadster version as early as this month after a long delay. Earlier in the week, Elon Musk noted that “we will have flying cars!”
A Roadster demonstration at SpaceX’s (SPCX) site in McGregor, Texas, could include showing off a limited-edition, SpaceX-branded version of the model using cold-gas thruster technology to perform a highly theatrical “flying” or hovering stunt. Elon Musk has been teasing the “flying car” potential for the Roadster for more than a year, so it is unclear what the strategy will be following any high-profile demo of a “flying” Roadster.
Any special edition of the Roadster would likely be a niche, extremely costly machine rather than a mass-market Tesla (TSLA). It is expected to be non-street-legal, potentially priced from hundreds of thousands into the millions of dollars, and may be offered through an owner program resembling Ferrari’s supervised track-car arrangements.
Link to Seeking Alpha News Article - Aug 14, 2026
[YouTube | The Compound] It’s a bull market and nobody drinks anymore. | TCAF 255
On episode 255 of The Compound and Friends, Downtown Josh Brown and Michael Batnick are joined by Todd Sohn, Chief ETF Strategist at Baird Strategas, to discuss the record-breaking ETF boom, the rise of thematic and leveraged products, buffer and option-income ETFs, AI and compute as emerging investment themes, and where investor money is flowing now.
They also get into the battle for ETF brand loyalty, whether $1 billion is the new benchmark for a fund that matters, prediction-market ETFs, the outlook for crypto and small caps, healthcare’s comeback, and the trillions of dollars still sitting in retail money-market funds. Plus, why professional sports franchises are starting to look a lot like the stock market—and what Wall Street might package into an ETF next.
Link to Full Video (01:04 Hours) - Aug 14, 2026
News, Facts, Analyst & Market Commentary - Short Reads:
Cloud capex forecast calls for 29% jump in 2027 as compute demand exceeds capacity: MS
The consensus estimate for cloud capex in 2027 stands at $1.2T, but that figure might be too low and could reach $1.4T, according to Morgan Stanley.
Amazon (AMZN) increased its capex to $220B from $200, Google (GOOG)(GOOGL) raised its guide to range from $195B to $205B from $180B to $190B, and Meta (META) narrowed its range to $130B to $145B from $125B to $145B. Microsoft’s (MSFT) spending remains unchanged at $190B.
Link to Seeking Alpha News Article - Aug 08, 2026
Archer soars after acquiring three Boeing subsidiaries in a transformative deal
Archer Aviation (ACHR) announced on Monday that the company will acquire Boeing’s (BA) Wisk Aero, SkyGrid, and Insitu subsidiaries. The deal will combine complementary capabilities developed over decades in autonomy, electric vertical takeoff and landing aircraft, and unmanned aircraft systems. Financial terms were not disclosed.
As part of the transaction, Archer (ACHR) and Boeing (BA) are entering into a collaboration and technology-sharing arrangement through which Boeing (BA) will retain access to the Wisk core autonomous flight technology for its current and next-generation commercial and defense aircraft. The transaction is expected to allow Boeing (BA) to retain strategic upside through its stake in Archer (ACHR) and simultaneously focus current and future investments into the aerospace giant’s core businesses.
Wisk has designed, built, and flown six generations of eVTOL aircraft across 1,700+ flight tests, while SkyGrid provides automated air-traffic management technology, and Insitu develops unmanned aircraft systems for intelligence, surveillance, and reconnaissance.
Link to Seeking Alpha News Article - Aug 10, 2026
Link to Seeking Alpha News Article - Aug 10, 2026
[Newsletter Exclusive] Voyager Technologies wins U.S. Space Force contract to build satellite communication
Voyager Technologies (VOYG) announced on Monday that it won a contract from the U.S. Space Force Space Systems Command to develop space-to-space communication capabilities.
The company will build a ready-to-use communication system that can connect spacecraft in different orbits and support the U.S. Department of Defense’s space network.
The contract also includes an on-orbit communication demonstration, with the system required to meet specific limits for weight, power, and design life.
Link to Seeking Alpha News Article - Aug 10, 2026
[Newsletter Exclusive] Voyager bags Raytheon contract to provide throttleable propulsion and DACS for SM-3 family
Voyager Technologies (VOYG) has been awarded a contract by Raytheon, an RTX (RTX) business, to advance propulsion technologies for the Standard Missile-3 interceptor family, the company said on Monday.
The company will provide its solid controllable throttleable propulsion technology and divert, attitude and control systems (DACS) — the precision subsystems that enable accuracy in the exo-atmospheric midcourse phase of flight.
Link to Seeking Alpha News Article - Aug 10, 2026
Netflix doubles ad commitments at 2026 Upfront presentation
At the conclusion of its 2026 Upfront presentation of upcoming movies, series, and live sports, Netflix (NFLX) nearly doubled its ad commitments, meeting the streaming giant’s goal for the year.
The momentum was amplified by the Netflix Ads Suite, which includes programming enhancements such as interactive formats and an AI-creative tool that generates “pause ad” formats.
Among the programming that drew increased interest from advertisers was Love is Blind, Bridgerton, Emily in Paris, and the upcoming 2027 FIFA Women’s World Cup, which sold out of game sponsorships.
Link to Seeking Alpha News Article - Aug 10, 2026
Babcock & Wilcox Enterprises GAAP EPS of $0.07 beats by $0.04, revenue of $319.7M (+130.2% Y/Y) beats by $122.73M
Babcock (BW) said bookings increased 38% to $151 million while backlog soared 533% to $2.6 billion. Its global pipeline of potential projects exceeds $14 billion. The company also secured another 1 gigawatt of Siemens Energy steam turbines for fast delivery in anticipation of another data-center project.Chairman and Chief Executive Kenneth Young said the company is seeing growing electricity demand from AI data centers, utilities and industrial customers.
The company’s first data-center project with Base Electron is progressing ahead of expectations and remains on budget, according to Young. Babcock (BW) is supplying natural gas-fired boilers and related technology alongside Siemens Energy steam-turbine systems.
Babcock (BW), whose history in steam-generation technology dates to the 19th century, is best known for its boilers and other power-generation and emissions-control equipment used by utilities and industrial customers.
“Our initial data center project with Base Electron is progressing ahead of expectations and on budget,” said CEO Kenneth Young. “We expect a second data center project to move in full notice to proceed this year.”
“In anticipation of this next data center project, B&W has secured the manufacturing reservation rights for an additional 1 gigawatt of steam turbines from Siemens Energy,” said CEO Young. “A total of 20 50-megawatt steam turbines will be produced with the first generator sets being delivered within 12 to 14 months thereafter.”
Link to Seeking Alpha News Article - Aug 10, 2026
Link to Seeking Alpha News Article - Aug 10, 2026
Link to Seeking Alpha News Article - Aug 10, 2026
Rocket Lab selected to launch Neutron mission for Kepler Communications
Rocket Lab (RKLB) said Kepler Communications has selected its Neutron launch vehicle for Kepler’s first dedicated launch mission, with the mission targeted for no earlier than 2028.
The mission will deploy multiple Kepler satellites as the company accelerates expansion of its satellite network.
Link to Seeking Alpha News Article - Aug 11, 2026
Ouster wins a key lidar traffic management contract in Utah
Ouster (OUST) announced on Tuesday that Econolite won a key multimillion-dollar expansion contract from the Utah Department of Transportation to deploy Ouster BlueCity lidar traffic-management systems at 160 additional intersections statewide. The award follows a 2024 evaluation in which Econolite’s proposal ranked first overall among six lidar vendors.
The new deployment uses Ouster’s (OUST) OS1 Max REV8 sensor, which provides up to 500-foot detection and combines native color imaging with 3D depth data. Ouster says this supports digital traffic twins, live multimodal traffic detection, signal optimization, event analysis, and privacy-preserving blurring of pedestrians and cyclists.
The expansion builds on a 2025 UDOT contract covering more than 100 intersections, bringing Utah’s contracted Ouster (OUST) BlueCity deployment to nearly 300 intersections and roadway sites.
Link to Seeking Alpha News Article - Aug 11, 2026
Joby Aviation slides 5% on Resonant Sciences $500M acquisition
Joby Aviation (JOBY) to acquire defense technology company Resonant Sciences for approximately $500M, expanding its defense business with an established, EBITDA-positive platform serving U.S. national security programs.
The acquisition will also combine Joby’s aircraft propulsion and autonomy technologies with Resonant’s radio-frequency sensing, signal processing, mission systems, and low-observability aircraft capabilities.
Resonant generated over $100M in trailing-12-month revenue, up about 40% Y/Y, driven by U.S. government and defense programs.
Joby Aviation (JOBY) has also entered into an at-the-market equity distribution agreement, offering up to $750M in common stock.
Link to Seeking Alpha News Article - Aug 11, 2026
Link to Seeking Alpha News Article - Aug 11, 2026
[Newsletter Exclusive] Quantum Computing’s results may indicate inflection point is near: Wall Street
“QUBT delivered and installed a Dirac-3 optimization system at a global consulting firm in June, with management flagging progress on supporting more variables,” Wedbush Securities analyst Matt Bryson wrote in a note to clients. “NeuraWave, its photonic reservoir computing platform, reached commercial readiness in April and secured an initial five-unit order from Planck Dynamics under a framework agreement carrying an aggregate program value above $10M. On gate-based systems, Huang described QUBT as ‘climbing the last half mile of mountain’ while reiterating that no such machine exists today. As such we continue to view QUBT as the most speculative tech/modality of the public quantum names.”
Bryson continued: “Net, while Fab 2 arriving early is a genuine positive, and we are less concerned about the quarterly loss or QUBT’s ability to improve acquired business operations, we still need more insight into the viability of QUBT’s technology path before shifting our view on the name.”
Link to Seeking Alpha News Article - Aug 11, 2026
Everpure climbs after it secures deal with second major hyperscaler
Everpure (P) shares climbed 7.5% during pre-market trading on Tuesday after the storage solutions company announced it had secured a design win and supply agreement with a second major hyperscaler.
This follows up on Everpure’s first win with a top-five hyperscaler, Meta (META), which happened late during the calendar year of 2024.
Everpure also received a pair of upgrades on Monday. Susquehanna upgraded the stock to Positive from Neutral and increased its price target to $120 from $85. Morgan Stanley upgraded Everpure to Overweight from Equal-weight and raised its target to $108 from $87.
Link to Seeking Alpha News Article - Aug 11, 2026
Firefly Aerospace’s SciTec wins $93.7M Space Force radar contract ahead of its Q2 results
Firefly Aerospace (FLY) announced on Tuesday that its SciTec subsidiary won a $93.7M firm-fixed-price agreement from the U.S. Space Force for ground-based radar digitization.
The contract will support efforts to modernize ground-based radars by creating a common architecture and design for future upgrades.
Space Systems Command in Colorado Springs is the contracting activity.
Link to Seeking Alpha News Article - Aug 11, 2026
[Newsletter Exclusive] Lumentum Non-GAAP EPS of $3.23 beats by $0.26, revenue of $1.01B (+110.1% Y/Y) beats by $22.3M
Lumentum expects the following for the first quarter of fiscal year 2027:
Net revenue in the range of $1.225 billion to $1.275 billion vs consensus of $1.16B.
Non-GAAP diluted net income per share of $4.05 to $4.35 vs consensus of $3.63.
“Increasing demand for ultra-high-power CPO lasers, an initial order for ELS modules, as well as our breadth of NPO engagements are the first signs that optics are starting to penetrate in-rack connectivity, significantly upping our optical TAM,” said Lumentum CEO Michael Hurlston.
Link to Seeking Alpha News Article - Aug 11, 2026
Link to Seeking Alpha News Article - Aug 11, 2026
CoreWeave GAAP EPS of -$1.14 beats by $0.33, revenue of $2.58B (+113.2% Y/Y) beats by $20M
“Q2 was an exceptional quarter for CoreWeave. We outperformed our plan across the board” and “generated record revenue of $2.6 billion, up 112% year-over-year,” while “increased revenue backlog to $104.2 billion” and said this “does not include the over $25 billion of net new customer commitments added in the early weeks of Q3” (Co-founder, President, CEO & Chairman Michael Intrator).
“We continue to execute on our power strategy, reaching 1.5 gigawatts of active power” and “remain firmly on track to reach at least 8 gigawatts by 2030,” while adding that “our near-term capacity remains effectively sold out” and that Q2 signed contracts “came with contribution margins we expect to be 5 to 10 percentage points above those added in recent quarters” (CEO Intrator).
“Booked ARR for our managed inference platform has grown from $1 million to more than $100 million” and “we expect to exit 2026 with at least $250 million of managed inference ARR,” alongside the statement that higher-margin AI development services are being adopted broadly and that growth is “constrained only by our near-term capacity” (CEO Intrator).
“Q2 marked the quarter in which we saw margins inflect expanding sequentially” and “these margin-accretive businesses including storage, CPU, networking and software already exceed $400 million of ARR as of Q2” (CFO & Treasurer Nitin Agrawal).
“We now expect to end the year with more than 1.85 gigawatts of active power, up from our previous guidance of more than 1.7 gigawatts” (CFO Agrawal).
“We expect Q3 revenue to be in the range of $3.45 billion to $3.6 billion” and “Q3 adjusted operating income of $200 million to $260 million as margins continue to sequentially expand reaching low teens in Q4” (CFO Agrawal).
Samik Chatterjee, JPMorgan: Asked about renewal terms and magnitude; CEO Intrator said “the older generations of infrastructure continue to have significant value” and highlighted “a GPU whose architecture was from 2020” being sold “fully priced out to 2029,” while CFO Agrawal said capacity up for renewal is “a very limited part of our fleet” and pointed to managed inference targeting “about $250 million of ARR by the end of the year.”
Link to Seeking Alpha News Article - Aug 11, 2026
Link to Seeking Alpha News Article - Aug 11, 2026
Firefly Aerospace Inc. Non-GAAP EPS of -$0.42 beats by $0.11, revenue of $117.68M (+656.8% Y/Y) beats by $29.16M
2026 Full-Year Guidance: Firefly expects 2026 full-year revenue to be between $420 million and $450 million vs consensus of $440.29M.
Link to Seeking Alpha News Article - Aug 11, 2026
Quantinuum releases first earnings report after IPO; partners with Oracle to deploy Helios
Q2 GAAP EPS of -$1.93 misses by $0.61.
Revenue of $8M (+279.1% Y/Y) beats by $0.4M.
Financial Outlook: Establishing first formal guidance as a public company, with 2026 revenue expected to be in the range of $28 to $32 million.
“We are on track for the release of Sol in 2027, a system designed to provide 192 physical qubits and 100 logical qubits with a logical error rate of 10 to the power minus 5 or 99.999% logical fidelity” (President, CEO & Director Hazra). “The first of the product candidate Sol traps manufactured by Honeywell, now Honeywell Aerospace, came back from the fab and is being put through a full validation suite and no showstoppers have been found so far” (President, CEO & Director Hazra).
Sreekrishnan Sankarnarayanan, TD Cowen: asked how Oracle ties into AI workloads and hyperscaler interest; President, CEO & Director Hazra: “the stack is going to be offered as an OCI service” and said the goal is “tightly coupled... AI plus quantum workflows”; Hazra: “yes, we are seeing a lot of interest.”
“We entered a letter of intent with the U.S. Department of Commerce’s CHIPS R&D Office” (President, CEO & Director Hazra). “This LOI provides up to $100 million to Quantinuum to support advanced manufacturing for the trapped-ion modality in the United States” (President, CEO & Director Hazra).
The company also announced a new partnership with the cloud and software giant Oracle (ORCL). Quantinuum will deploy Helios, its most powerful quantum computer, in an Oracle Cloud Infrastructure data center to enable hybrid quantum-AI workloads as a service.
Link to Seeking Alpha News Article - Aug 11, 2026
Link to Seeking Alpha News Article - Aug 11, 2026
Link to Seeking Alpha News Article - Aug 11, 2026
[Newsletter Exclusive] Energy Vault Holdings Non-GAAP EPS of -$0.15 misses by $0.02, revenue of $17.4M (+104.7% Y/Y) beats by $3.15M
Contract Backlog expanded $650 million to $2 billion sequentially, up 47% q/q and 107% y/y driven by strong demand from the AI Compute Infrastructure segment
Raising full-year 2026 revenue guidance to $270-$310 million vs $253.48M consensus and lifting GAAP gross margin guidance to 20%-25% to the high end of the range
Link to Seeking Alpha News Article - Aug 11, 2026
[Newsletter Exclusive] T1 Energy reports mixed Q2 results; updates FY26 outlook
Q2 GAAP EPS of -$0.14 misses by $0.02.
Revenue of $250.1M (+88.4% Y/Y) beats by $51.26M.
As of June 30, 2026, T1 had cash, cash equivalents, and restricted cash of $156.4 million, of which $79.1 million was unrestricted cash.
G1_Dallas module production of 935 MW, a net loss from continuing operations of $(36.9) million, and Adjusted EBITDA of $10.7 million.
Enhanced full-year 2026 G1_Dallas production target. T1 expects the run rate of production in Q3 and Q4 2026 will exceed Q2 2026 production and believes 2026 production will fall within the higher end of its previously disclosed 2026 production range of 3.1 - 4.2 GW. The enhanced production target reflects T1’s progress qualifying international cell vendors to supply G1_Dallas.
Financing update. T1 continues to target a comprehensive financing solution, which includes a significant debt component, in an amount sufficient to fund the remaining estimated capital expenditure required for G2_Austin Phase 1.
Link to Seeking Alpha News Article - Aug 12, 2026
[Newsletter Exclusive] BETA Technologies reports mixed Q2 results; updates FY2026 outlook
Q2 GAAP EPS of -$0.64 misses by $0.08.
Revenue of $14.66M (+145.6% Y/Y) beats by $5.01M.
Q2 Adjusted EBITDA of ($109.8) million.
Capital expenditures for the quarter ended June 30, 2026 were $41.1 million, compared to $6.0 million for the quarter ended June 30, 2025.
Cash and cash equivalents totaled $1,479.5 million as of June 30, 2026, compared to $174.5 million as of June 30, 2025, as a result of successful private financings and the proceeds from our IPO.
Financial Outlook:
BETA increases our full year 2026 revenues to be in the range of $42 million to $50 million (prior $39 million to $43 million) (vs. consensus of $41.55M) and updates full year 2026 Adjusted EBITDA to be in the range of ($400) million to ($445) million.
ALIA and MV250 programs advance:
Beta’s (BETA) best-known products include its ALIA family of electric aircraft. The lineup includes the conventional fixed-wing ALIA CTOL and the ALIA VTOL vertical takeoff and landing aircraft. The aircraft family has flown more than 190,000 nautical miles.
During the quarter, Beta (BETA) unveiled the MV250, its first hybrid-electric autonomous vertical takeoff and landing aircraft. The aircraft combines autonomous operations with hybrid-electric propulsion developed alongside GE Aerospace and is aimed in part at defense applications.
Beta (BETA) also participated in what it described as the first hybrid-electric flight above 30,000 feet (9,144 m) through a program involving GE Aerospace, NASA and Boeing. The company launched operations under the federal eVTOL Integration Pilot Program, using an ALIA conventional takeoff and landing aircraft to transport manufactured organs for United Therapeutics.
Charging network and backlog expand:
Beta (BETA) expanded its charging network to 138 sites and announced plans to deploy as many as 250 sites through the America’s Consortium for Electric Skyways with Archer Aviation and Macquarie Capital.
Commercial interest also grew. Loganair signed a term sheet for five CX300 aircraft following cargo demonstrations in Scotland, with options for five more. Beta (BETA) also advanced FAA certification work for its H500A and CX300 programs.
Link to Seeking Alpha News Article - Aug 12, 2026
Link to Seeking Alpha News Article - Aug 12, 2026
Einride partners with PACCAR to advance Level 4 autonomous plans
Einride (ENRD) and DAF will collaborate with research experts on defining and testing the integration of Einride’s (ENRD) autonomous drive system within DAF’s electric truck platform, including establishing the required interfaces to enable safe and scalable autonomous operations.
Einride (ENRD) and DAF were noted to be working closely with type approval authorities to ensure the platform is compliant for future expansion onto public roads. Initial tests and validation of key interfaces will be conducted during 2026, followed in 2027 by the integration and commissioning of Einride’s (ENRD) autonomous driving software, with all subsequent interface validation and functional testing performed on a DAF truck.
“By leveraging DAF’s decades of manufacturing excellence and market strength, we can expedite the global scale-up of Einride’s autonomous technology,” stated Einride (ENRD) CTO Henrik Green. “This collaboration validates our vehicle-agnostic approach to autonomy and brings us one step closer to deploying safe, scalable Level 4 autonomy at commercial scale,” he added.
Link to Seeking Alpha News Article - Aug 12, 2026
Aehr lands $22M follow-on production order for wafer-level AI testing systems, shares jump
Aehr Test Systems (AEHR) Wednesday announced a $22M follow-on production order from its lead wafer-level AI processor customer, sending the stock up ~5% in premarket trading.
The customer is a top provider of advanced AI training and inference processors, according to the statement.
The order supports the customer’s continued expansion of production capacity utilizing Aehr’s wafer-level burn-in (WLBI) systems and includes multiple fully automated FOX-XP™ WLBI systems, together with Aehr’s proprietary FOX WaferPak full-wafer Contactors and integrated FOX WaferPak Auto Aligners.
Each FOX-XP system is configured to test and burn in nine 300 mm wafers simultaneously. Aehr (AEHR) expects to ship the systems over the next six months for installation at the customer’s high-volume manufacturing partner in Taiwan.
Link to Seeking Alpha News Article - Aug 12, 2026
[Newsletter Exclusive] Nebius Group GAAP EPS of -$0.68 beats by $0.18, revenue of $582.3M (+454.0% Y/Y) beats by $8.36M
Link to Seeking Alpha News Article - Aug 12, 2026
RoboStrategy NAV rises 7.7% to $11.32/share in July
RoboStrategy (BOT) reported net assets of $274.6M as of July 31, 2026, a 10.33% increase over the previously reported NAV of $248.8M on June 30, 2026.
NAV per share rose to $11.32, up 7.71% from $10.51 at the end of June.
Link to Seeking Alpha News Article - Aug 12, 2026
GEV 0.00%↑ #SMEGF
Global gas turbine orders reach record as power demand surges, J.P. Morgan says
Global gas turbine orders hit a record high in Q2 as demand for power generation surges, with new orders climbing 29% Q/Q and 71% Y/Y to 38 GW, J.P. Morgan said in a new report this week, as reported by Bloomberg.
The U.S. accounted for half of the new turbine orders, JPM analysts said, as demand for electricity rises with the proliferation of data centers; the boom has led to shortages in some regions such as Southeast Asia, as a scarcity of turbines puts constraints on the delivery of planned capacity additions.
The rising demand is lifting costs, with the bank saying a combined-cycle gas turbine delivered in 2031 will be 3x as expensive as one last year, and the lead time for a new combined-cycle gas power plant jumped to five years in 2025 from three and a half years back in 2023.
Of the three top gas turbine makers, Siemens Energy (SMEGF) enjoyed the most new orders in the quarter, at 12.5 GW, followed closely by GE Vernova (GEV) at 11.3 GW, with Mitsubishi Power (MSBHF) at 5.3 GW, according to JPM.
Earlier this year, a Wood Mackenzie report forecast gas turbine prices will rise 195% by 2027, reaching $600/kW, due to a supply squeeze “driven by increased electrification demand, especially around the expansion of data centers.”
Link to Seeking Alpha News Article - Aug 12, 2026
[Newsletter Exclusive] Fervo anticipates $60M-$80M of 2027 revenue while lifting 2030 installed capacity target to 1.1 GW
“This quarter, we moved 8 GeoBlocks, representing 400 megawatts of capacity from early development into advanced development” and “we moved 10.5 gigawatts across 2 geo clusters from land holdings into early development” while expanding “our total geothermal mineral rights position to over 650,000 acres.” (CEO Latimer)
“Our current total of 658 megawatts of signed binding PPAs with $7.2 billion of revenue backlog is evidence of that demand.” (CEO Latimer)
“Right now, at Cape Phase I, the team remains focused on execution... targeting first power from GeoBlock 1 in Q4 2026 and then adding power from GeoBlocks 2 and 3 by early 2027.” (CEO Latimer)
“Taken together, we now expect to have 1.1 gigawatts installed by the end of 2030, an increase of 100 megawatts from our previous expectation of 1 gigawatt.” (CFO Ulrey)
John Anderson, Barclays Bank PLC, Research Division: asked about 3.0 well count, Cape II wells, and adding more rigs; CEO Latimer said Sawtooth 7 was “our ninth well” and that Phase II could be “anywhere up to 80 wells” with “about 10% of the wells fully drilled,” while describing “batch drilling” enabled by Helmerich & Payne Flex 3 rigs.
Link to Seeking Alpha News Article - Aug 12, 2026
[Newsletter Exclusive] Coherent Non-GAAP EPS of $1.74 beats by $0.12, revenue of $2.05B (+34.0% Y/Y) beats by $70M
Business Outlook – First Quarter Fiscal 2027:
Revenue for the first quarter of fiscal 2027 is expected to be between $2.2 billion and $2.4 billion vs $2.13B consensus.
EPS for the first quarter of fiscal 2027 is expected to be between $1.85 and $2.05 on a non-GAAP basis vs $1.77 consensus.
“Our confidence in fiscal ‘27 is based on 3 factors” (CEO Anderson): “customer demand continues to grow, as demonstrated by another quarter of record bookings”; “the planned doubling of our internal indium phosphide output year-over-year by the end of the current quarter”; and “multiple new revenue streams” including “optical circuit switching, co-packaged optics, multi-rail systems... thermal and power management.”
“Our Datacenter & Communications segment continues to be the primary driver of our growth and accounted for 79% of total company revenue in fiscal Q4” (CEO Anderson), and he said, “We continue to see no signs of attenuation in customer demand” and “Customer orders now extend into calendar ‘28, customer LTAs extend through the end of the decade.”
Joseph Cardoso, JPMorgan: “Can you provide us an update on the ramp?”; CEO Anderson: “we’re on track to double the output capacity of indium phosphide production this quarter” and cited that in the June quarter “We produced about 80% more indium phosphide lasers... than we did the prior year.”
Ryan Koontz, Needham: asked where constraints are “over the next 12 months”; CEO Anderson: “indium phosphide capacity continues to be our primary constraint” and “we’re not constrained in the assembly and test capacity right now.”
Link to Seeking Alpha News Article - Aug 12, 2026
Link to Seeking Alpha News Article - Aug 12, 2026
[Newsletter Exclusive] Infleqtion, Inc. GAAP EPS of -$0.12, revenue of $12.6M (+116.1% Y/Y) beats by $1.96M
2026 revenue outlook raised to approximately $43 million vs a consensus of $41.84M.
Link to Seeking Alpha News Article - Aug 12, 2026
[Newsletter Exclusive] IREN gains on Microsoft deployment, Nvidia cloud milestone
IREN (IREN) shares rose nearly 6% in premarket trading Thursday after the company said its first AI Cloud deployment for Microsoft (MSFT) had been delivered and accepted.
Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments scheduled for delivery to Microsoft at IREN’s Childress, Texas campus in 2026 under a five-year, $9.7bn cloud services contract announced in November 2025.
IREN also achieved NVIDIA Exemplar Cloud status after Nvidia (NVDA) tested its GB300 NVL72 deployment at Horizon 1, validating the platform’s ability to support demanding AI workloads.
The company continues to target 480MW of gross AI Cloud capacity in 2026 and 1.2GW in 2027.
Link to Seeking Alpha News Article - Aug 13, 2026
HOOD 0.00%↑ RVI 0.00%↑ RVII 0.00%↑
Robinhood plans to boost frequency of closed-fund debuts - report
Robinhood Markets (HOOD) brought its first publicly traded closed-end fund to market in less than a year from inception and its second in about six months.
The company’s executives think they can boost that frequency, they said in interviews with Bloomberg News. “I actually think the pace can accelerate,” Chief Financial Officer Shiv Verma said.
The idea behind the funds is to expand retail investors’ access to stakes in private companies. The first fund, Robinhood Ventures Fund I (RVI), holds stakes in large private technology companies. The second fund, Robinhood Ventures Fund II (RVII), invests in early-stage companies from the startup incubator Y Combinator.
Link to Seeking Alpha News Article - Aug 13, 2026
[Newsletter Exclusive] X-Energy outlines up to $1B more ARDP funding as NRC permit targets Q1 ’27
CEO Clay Sell framed demand and market size by saying, “Based on third-party estimates, global electricity demand is expected to increase more than 75% by 2050” and “it’s estimated that the market just for SMRs could be 158 gigawatts by 2050. That’s a $2.3 trillion revenue potential” (CEO J. Sell).
On the Dow/ARDP program, Sell said, “Yesterday, the Department of Energy formally notified X-Energy that our ARDP cooperative agreement will receive up to an additional $1 billion” and that, if obligated, “that would increase DoE’s cost share contribution to the ARDP up to $2.115 billion” (CEO Sell).
On HALEU supply, Sell said, “For our first core loads at Dow, we’ve secured existing material, about 7.6 metric tons from the Department of Energy” and “we have executed long-term agreements for HALEU enrichment services with both Centrus Energy Corp. and General Matter” (CEO Sell).
On graphite supply, Sell said, “We will invest up to $8 million in milestone-based payments” with SGL Carbon and that “Full execution of this agreement would double SGL’s manufacturing capacity for medium-grain graphite by 2030” (CEO Sell).
On TRISO-X scale plans and site expansion, Sell said TX-2 “is anticipated to produce 4x the capacity of TX-1” and that the company “acquired 70 acres of adjacent land in July” bringing the site “to approximately 180 acres” (CEO Sell).
On project timing, Sell said, “we anticipate that the NRC staff will close all safety questions by the end of August” and “We continue to expect final review of our construction permit to be completed in late 2026 with the issuance by the first quarter of ‘27” (CEO Sell).
For the Energy Northwest project, Sell said, “Energy Northwest moving toward construction permit submission in the first half of 2027” (CEO Sell).
On commercial pipeline expansion, Sell said, “we are in the final throes of an agreement with a major investor-owned utility for our next 1 gigawatt project” and “a full announcement will be made in the near future” (CEO Sell).
Albarracin, TD Cowen: asked about DoD Janus; CEO Sell: “we have an extraordinary business opportunity in the deployment of Xe-100s and the manufacture of TRISO-X fuel” and “that’s where our focus is” (CEO Sell).
Joseph Osha, Guggenheim: asked whether initial Dow load implies HALEU; CEO Sell: “we first load LEU pebbles, and then... the second core is HALEU pebbles” and “The only reason we start with LEU... is because that’s the way we will start up every Xe-100 forever” (CEO Sell).
Dumoulin-Smith, Jefferies: asked TX-2 timing; CEO Sell: “we estimate at some point in the early 2030s, we will need to bring TX-2 online” and “we have no further announcements” on construction/financing (CEO Sell).
X-Energy (XE) closed 11.7% higher on Thursday after its CEO said the company has been told by the U.S. Department of Energy that it will receive up to another $1B in public funding for a planned nuclear project in Texas with Dow (DOW), boosting total federal funding available for the project since 2021 to as much as $2.15B.
Link to Seeking Alpha News Article - Aug 13, 2026
Link to Seeking Alpha News Article - Aug 13, 2026
CBRS 0.00%↑ #OpenAI
Cerebras says it’s powering new ultrafast tier for OpenAI GPT-5.6 Sol
Cerebras (CBRS), which reported second-quarter results and guidance on Wednesday, said on Thursday that it is powering the new ultrafast tier for OpenAI’s (OPENAI) GPT-5.6 Sol model.
“Ultrafast is available initially to a select group of customers, with access expanding over time,” Cerebras wrote on its website. “Cerebras powers GPT-5.6 Sol on Ultrafast mode, delivering up to 750 output tokens per second and without any quality compromise, allowing Sol Ultrafast to accelerate your most time-sensitive, mission-critical work.”
The new Ultrafast mode has up to 14 times faster processing than OpenAI’s standard mode and is being rolled out to a small group of customers where lower latency is needed.
“Their early work is helping us understand where an order-of-magnitude change in speed creates the most value and how products change when the model can keep pace with the person using it,” OpenAI said in a separate post. “We will use these findings to guide deployment as capacity grows.”
OpenAI added that it has seen some “encouraging” scenarios for Ultrafast, including incident response and reliability, financial research and security, customer support and voice, commerce, and live research and experimentation.
Some early users of GPT-5.6 Sol on Ultrafast mode include quant trading firm Jane Street, AI lead generation company Podium, and financial firms Basis and Rogo.
Link to Seeking Alpha News Article - Aug 13, 2026
[Newsletter Exclusive] Applied Materials Non-GAAP EPS of $3.50 beats by $0.11, revenue of $9.12B (+24.9% Y/Y) beats by $120M
Looking ahead to the fiscal fourth quarter, Applied Materials said it expects to earn between $3.82 and $4.22 on an adjusted basis, well above the $3.71 analysts were anticipating. Sales are forecast to be between $9.75B and $10.75B, with the midpoint of $10.25B above the $9.55B estimate.
Link to Seeking Alpha News Article - Aug 13, 2026
Link to Seeking Alpha News Article - Aug 13, 2026
[Newsletter Exclusive] Netflix narrows its game developer ambitions further
Netflix’s (NFLX) decision to close Los Angeles-based Night School Studio and Helsinki-based Moonloot Games marks a further narrowing of its ambitions as a game developer. The streaming giant has faced skepticism about its gaming plans from investors for years.
Rather than abandoning games entirely, Netflix is shifting away from maintaining a large group of in-house studios and toward formats that fit more directly into its streaming service, especially party games and games that can be played through television screens.
“We see an opportunity to be more focused in our execution, so we are making organizational changes to the business to match those priorities,” updated a Netflix spokesperson.
Netflix (NFLX) acquired Night School Los Angeles studio in 2021, and it was known for the critically respected Oxenfree series. The team had recently released Unhinged, a TV-based horror experience, and had also produced a mobile game tied to Black Mirror. Shutting the studio so soon after a new release suggests that Netflix (NFLX) is judging internal game teams primarily by their fit with its revised strategy.
Moonloot was founded in 2022 and had been part of Netflix’s (NFLX) effort to build original development capacity from within.
Link to Seeking Alpha News Article - Aug 14, 2026
[Newsletter Exclusive] Quantinuum, Quanta team up to develop infrastructure for next-gen quantum computing
Under the agreement, the companies plan to develop critical hardware infrastructure supporting future generations of Quantinuum’s quantum systems, combining Quantinuum’s quantum technology leadership with Quanta’s expertise in scaling computing platforms.
The companies said they plan to create a practical pathway from today’s quantum systems to commercially deployable quantum computers capable of supporting broad enterprise and scientific adoption.
The companies noted that they are designing the next generation of hardware infrastructure with the aim of making future quantum computers more modular, manufacturable, and scalable.
Link to Seeking Alpha News Article - Aug 14, 2026
Krystal Bio granted bullish view at RBC after blockbuster projections
RBC Capital Markets on Friday launched its coverage of Krystal Biotech (KRYS) with an Outperform rating and a $400 price target, noting that the gene therapy developer could achieve blockbuster status for its lead product, Vyjuvek, and its experimental therapy, KB801.
Indicated for a rare blistering condition called dystrophic epidermolysis bullosa, Vyjuvek, a redosable gene therapy, could generate $1B in peak sales by 2033, RBC analyst Lisa Walter projected, noting that with over 60% of the U.S. total addressable market, it is the clear leader in DEB.
“While US revenue has begun to plateau as patients switch to less-frequent dosing, we are encouraged that patient reimbursement continues to grow,” the analyst wrote, adding that Vyjuvek’s overseas launches, which began in Q3 2025, could be a strong mid-term growth driver.
Walter argued that Krystal’s (KRYS) ocular pipeline could be its next blockbuster, with experimental therapy KB801, designed to treat a rare eye disorder called neurotrophic keratitis, expected to generate $2.1B in peak sales as early as 2030.
“That said, we are cautiously optimistic given we have only 1 positive clinical data point to rely on,” the analyst added, noting that apart from near-term readouts scheduled for H2 2026, an upcoming pivotal readout for KB801, anticipated in early 2027, could generate additional upside for the stock.
Link to Seeking Alpha News Article - Aug 14, 2026
Aehr Test Systems surges after Jefferies initiates with bullish views
“We initiate AEHR with a Buy/$175 PT, viewing the company as the only vendor offering both wafer- and package-level burn-in qualified into Al production. AEHR has rapidly transformed from >90% SiC [silicon carbide] in FY24 to Al >90% in FY26. We forecast a 52% FY25-FY28 revenue CAGR and gross margin recovering to 45% by FY28, yet the market still prices AEHR against its legacy SiC profile, leaving attractive risk/reward,” said analysts led by Kevin Garrigan.
The analysts noted that they see Artificial Intelligence/AI Processors/Silicon Photonics (Al/AP/SiPho) as a significant long-term catalyst, as rising chip value, higher power envelopes, chiplet/High Bandwidth Memory, or HBM, integration, and compounding package-yield risk all increase reliability-test intensity.
Garrigan and his team added that these trends require earlier known-good-die screening, higher-power thermal stress, and both wafer- and package-level burn-in, directly benefiting Aehr’s platforms. Aehr is increasingly aligned with the highest-value, fastest-growing areas of semi tests, positioning it to capture opportunity as AI ramps.
“Cyclical Recovery in SiC/GaN [Silicon Carbide/Gallium Nitride] Emerging as 2nd Growth Driver: A cyclical recovery in SiC provides a 2nd leg of growth as the EV inventory correction clears, evidenced by ~$8M of new SiC WaferPak orders and lead-customer 200mm transitions. GaN broadens exposure beyond auto into data center power. Importantly, the thesis no longer requires a return to peak SiC spend, as stabilization plus GaN adoption is incremental upside as customers resume qualification and capacity investment,” said Garrigan and his team.
Link to Seeking Alpha News Article - Aug 14, 2026
[Newsletter Exclusive] NET Power outlines 1-1.5 GW Project Permian redesign toward 2028 behind-the-meter gas power
“We spent the last 4 months in an intensive customer engagement and marketing process... what we heard was unambiguous. The market needs speed, scale and reliability.” (CEO Daniel Rice)
“We are redirecting near-term capital and execution focus towards the development of unabated natural gas power generation capacity with carbon capture retained as an option.” (CEO Rice)
“Project Permian, our site in West Texas, is being redesigned for colocated demand. Based on current market feedback, we do not expect to deploy post-combustion carbon capture in the initial phase of deployment.” (CEO Rice)
“The site’s capacity for approximately 1 to 1.5 gigawatts of power generation across multiple phases and the initial phase is being sized to meet where -- what the market will actually contract for it today.” (CEO Rice)
Link to Seeking Alpha News Article - Aug 14, 2026
GOOG 0.00%↑ #OpenAI #Anthropic
ChatGPT regains ground against Gemini in July, still the ‘clear leader’ in AI chatbots: BNP
“ChatGPT regains ground against Gemini as Claude keeps gradually gaining share. Gemini’s share of visits declined to 28.8% in July from 30.3% in June, while its share of DAUs remained flat m/m at 19.8%, as ChatGPT regained share across both metrics,” BNP analyst Nick Jones wrote in a note to clients.
Gemini’s share of visits fell to 28.8% in July, down from 30.3% in June, while its share of daily active users was flat month-over-month at 19.8%. Earlier this month, Alphabet CEO Sundar Pichai said that Gemini had topped 1B monthly active users.
Jones also noted that while ChatGPT is still the top leader in traffic and mobile app usage, Anthropic’s (ANTHRO) Claude has continued to gain share. Claude’s visit share increased to 10.4% from 10%, though its daily active user share was flat.
Conversely, SpaceXAI’s (SPCX) Grok is losing ground, while Meta Platforms (META) Meta AI is trending “stable to slightly improving,” Jones added.
Link to Seeking Alpha News Article - Aug 14, 2026
Gas pipeline for proposed $165B Oracle data center delayed to 2027
Oracle (ORCL) closed down 3.8% on Friday following news the natural gas pipeline project that would supply power generation systems for the company’s planned $165B Project Jupiter data center in New Mexico has been delayed by six months.
The Green Chile pipeline, which previously targeted an in-service date of August 15, has revised its estimated in-service date to February 1, 2027, pipeline operator Energy Transfer’s (ET) Transwestern Pipeline subsidiary said in a regulatory filing.
The delay threatens the timetable for Project Jupiter, which is expected to be driven by as much as 2.5 GW of gas-powered fuel cells from Bloom Energy (BE), making it among the largest AI data centers under development.
The planned pipeline would be capable of delivering as much as 400M cf/day of gas to the facility, equal to ~0.4% of total lower-48 U.S. gas production.
Oracle (ORCL) warned federal energy regulators in May that “time is of the essence” in approving Green Chile, and any delay in its approval jeopardizes Project Jupiter’s “broader objectives.”
Given the obstacles Energy Transfer (ET) faces to certification of its project on both the state and federal level, its new February 1 estimated in-service date is “probably not realistic,” Josh Garcia, senior North American gas analyst at Energy Aspects, said in a note.
“We expect that Green Chile will not enter service until the second half of 2027 at the earliest, but faces risk of cancellation if progress is not made in the coming months,” Garcia wrote.
Link to Seeking Alpha News Article - Aug 14, 2026
Disclosure: We own positions in some/all of the tickers mentioned in this article.
