The bear case reduces to one decomposition and one forecast. Fiscal 2026 revenue grew 175% while bit shipments grew in the mid teens. Roughly two thirds of last quarter's sequential revenue growth came from price rather than volume. NAND contract price increases are decelerating toward low single digits by the December quarter, and TrendForce sees downward pressure in the … [Read more...] about SanDisk (SNDK): The 2027 NAND Supply Wave Arrives in 2029
Briefing
Schwab’s August STAX Falls to 57.50 as Retail Sells Software and Buys Chips Off the July Low
The Schwab Trading Activity Index came in at 57.50 for August, down from 59.80 in July. That is the first monthly decline since April, and it arrived in a period when the S&P 500 gained 2.96%, its strongest showing since May. A behavior index that falls while the market it measures rises is telling you something the index level alone will not. The composition of the flow is … [Read more...] about Schwab’s August STAX Falls to 57.50 as Retail Sells Software and Buys Chips Off the July Low
Broadcom Q3 FY26: The Q4 Guide Implies a 55% Incremental Operating Margin Against 67.9% Delivered
Broadcom delivered the quarter and guided the deceleration in the same release. Q3 revenue was a record $29.59 billion, up 86% year over year, with non-GAAP operating income of $20.1 billion, up 92%, and non-GAAP EPS of $3.32, up 96%. Gross margin came in at 75%, down 210 basis points sequentially on AI mix but above the 74% guided, and operating margin rose 240 basis points … [Read more...] about Broadcom Q3 FY26: The Q4 Guide Implies a 55% Incremental Operating Margin Against 67.9% Delivered
Tempus AI (TEM) Clears FDA for ECG-PH: A Third Cardiology Device Its Own CFO Says Generates No Revenue
Tempus AI has received 510(k) clearance for ECG-PH, an algorithm that reads a resting 12-lead ECG and returns a binary flag for elevated mean pulmonary artery pressure above 20 mmHg. It is the third cleared device in the company's cardiology line, after ECG-AF and ECG-Low EF, and it follows the same template: no new hardware, no new consumable, no new patient encounter, just a … [Read more...] about Tempus AI (TEM) Clears FDA for ECG-PH: A Third Cardiology Device Its Own CFO Says Generates No Revenue
Nasdaq Falls 1.2% as Oil Tops $85 and the 30-Year Hits 5.32%: Only One Input Is Actually New
The S&P 500 opened Tuesday around 7,703 against a record close of 7,798.99 set on August 13. That is a drawdown of roughly 1.2%, three sessions old, in a week where the Russell 2000 printed a fresh record as recently as Friday. It is being narrated as a risk-off event. It is a rounding error on a record, and the gap between those two descriptions is more informative than the … [Read more...] about Nasdaq Falls 1.2% as Oil Tops $85 and the 30-Year Hits 5.32%: Only One Input Is Actually New