Marvell fell more than 8% after hours on reports that it is in advanced talks to buy Lumentum, while Lumentum jumped about 10%. That is the market's reflex for any large deal likely paid partly in stock. It prices the dilution on day one and leaves the strategy for later. The strategy here deserves a price now. Every AI cluster that grows past a single rack runs on light. … [Read more...] about The Bull Case for Marvell Buying Lumentum Is Owning the AI Laser Bottleneck
SK Hynix Posts a 79.7 Percent Margin and Pays Out 100 Trillion Won as It Calls the Memory Shortage Through 2030
Nine days ago the question on this site was whether the KOSPI's October collapse was a buying opportunity or the start of a longer rethink of the AI trade. SK Hynix answered part of it on Wednesday. Third-quarter revenue came in at 104.6 trillion won, the first quarter above 100 trillion in the company's history and up 328% from a year ago. Operating profit was 83.3 trillion … [Read more...] about SK Hynix Posts a 79.7 Percent Margin and Pays Out 100 Trillion Won as It Calls the Memory Shortage Through 2030
Leveraged Semiconductor ETFs Lose Money in Sideways Markets, Here Is the Math
Between the close on August 19 and the close on October 14, 2026, the iShares Semiconductor ETF (SOXX) went from $519.67 to $519.42. Thirty-nine trading sessions, a climb to $589 in early October and a slide back, and the chip index ended where it started. Over the same stretch the Direxion Daily Semiconductor Bull 3X (SOXL) lost about 8.4% and its mirror image, the Direxion … [Read more...] about Leveraged Semiconductor ETFs Lose Money in Sideways Markets, Here Is the Math
Sandisk SNDK Q1 Preview Hinges on a December Guide Above $12 Billion
Sandisk reports fiscal first quarter 2027 results on Thursday, October 29, after the close, and the September quarter is already spoken for. Management guided in August to revenue of $10.3 billion to $10.8 billion, gross margin of 83% to 85% and adjusted EPS of $44 to $46. Consensus sits at roughly $10.7 billion and $46 to $47, near the top of the range. Sandisk has beaten in … [Read more...] about Sandisk SNDK Q1 Preview Hinges on a December Guide Above $12 Billion
Applied Materials Raises Besi Stake to 20 Percent as Chip Filings Point to the Packaging Layer
Applied Materials filed an 8-K on Monday that says less than it does. The company signed an accelerated share purchase agreement for shares of BE Semiconductor Industries which, added to the 9% it bought in April 2025, will take it to about 20% of Besi's outstanding stock. There is no price in the filing and no share count. Applied repeated the two lines it used eighteen months … [Read more...] about Applied Materials Raises Besi Stake to 20 Percent as Chip Filings Point to the Packaging Layer