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Semtech targets $3.2bn revenue by 2030 as AI networking ambitions collide with stock sell-off
Semtech Corporation has outlined ambitious fiscal 2030 financial targets, with data-centre products expected to contribute approximately two-thirds of projected revenue. Management also raised near-term guidance, but investors are questioning whether exceptionally rapid AI connectivity growth can sustain the profitability assumptions embedded in the long-term plan.
Ericsson Q3 results beat expectations, but rising chip costs threaten margins
Ericsson's third-quarter revenue increased to SEK 59.5 billion, supported by stronger mobile network demand and continued cost discipline. A sharp share-price rally followed, although higher component costs and uncertain telecom investment conditions could complicate future margin improvement.
ASML lifts 2026 sales outlook to €45bn as AI chip equipment demand exceeds capacity
ASML Holding has reported record quarterly revenue of €11.7 billion and warned that its planned manufacturing capacity may be insufficient to meet customer demand through 2028. The semiconductor equipment supplier is exploring further expansion, but its ability to convert long-term AI infrastructure demand into profitable deliveries will depend on production capacity, supplier readiness and customer investment.
General Dynamics (GD) appoints Amy Johnson as GDIT president amid broader leadership transition
General Dynamics has selected 27-year company veteran Amy Johnson to lead its federal technology services business as GDIT navigates leadership changes, major government contracts and growing demand for cybersecurity and digital modernization.
Asia-Pacific telco AI alliances split into four models, but only some move carriers up the value chain
Public agreements across seven Asia-Pacific markets show telco and hyperscaler partnerships clustering into four models: physical network integration, sovereign cloud, AI compute platforms and edge automation. The structure matters because some carriers are capturing little more than infrastructure economics, while others are trying to move into higher-value AI services.
Meta (NASDAQ: META) near $646: Can $140bn AI spending justify its $1.65tn valuation?
Meta Platforms shares have fallen sharply despite 26% revenue growth as its AI infrastructure investments drive free cash flow into negative territory. With annual capital expenditure approaching $140 billion and a new non-voting share class planned, investors face a critical question about future returns, financing and shareholder dilution.
Western Digital (WDC) falls to $354 despite 55% growth: Can 60% margins last?
Western Digital shares fell 6.43% before the company reported 55% revenue growth, record profitability and $1.38 billion in quarterly free cash flow. With adjusted gross margins approaching 61%, investors face a critical question about whether AI-driven storage demand has permanently improved hard-disk drive economics or created another potentially unsustainable pricing cycle.
IBM software rebounds 8%, so why did investors wipe billions from its valuation?
IBM reported faster third-quarter revenue growth, an 8% software increase and higher free-cash-flow guidance, but its shares fell sharply as investors questioned whether delayed transactions exaggerated the apparent rebound.
Nokia’s AI network sales jump 123%, but restructuring holds reported margin to 3.8%
Nokia reported €5.15 billion in quarterly sales and a 35% increase in comparable operating profit as AI and cloud customers accelerated network investment. Its widening gap between reported and adjusted profitability remains a key concern.
Lam Research posts record $8.2bn revenue, so why did LRCX plunge 12%?
Lam Research delivered record revenue, margins and earnings as artificial intelligence drives semiconductor equipment demand, but supply constraints, China exposure and a merely in-line December outlook triggered a sharp valuation reset.