Akamai rose more than 17% after hours on an Anthropic commitment to spend $11.6B over seven years on its cloud services. Spread evenly, that is about $1.66B a year, somewhere near two-fifths of what Akamai books in revenue annually, landing on a company the market has priced for years as a slow-growing CDN and security vendor. The move is proportionate to the revenue. It is … [Read more...] about Akamai’s 17% Jump on Anthropic’s $11.6B Deal Skips the 5% Warrant Anthropic Gets in Return
Briefing
Adobe Closes $340 Million Topaz Labs Deal With ADBE Trading at 10x Earnings
Adobe closed its purchase of Topaz Labs on September 23. The June announcement left out the price; the fiscal third-quarter 10-Q filled it in at about $340 million, mostly in cash and funded from cash on hand. ADBE ended the day near $240, a market value of roughly $95 billion. It's down about 31% for the year, while the S&P 500 is up 14% and the software sector is flat. That … [Read more...] about Adobe Closes $340 Million Topaz Labs Deal With ADBE Trading at 10x Earnings
Omdia’s Record $425 Billion Chip Quarter: Memory Took Roughly 80% of the New Revenue
Omdia puts global semiconductor revenue above $425 billion for the second quarter of 2026, up 31.4% on the first quarter. That beats the sequential record of 29.2% set only three months earlier. Across the 97 quarters Omdia has tracked since 2002, sequential growth above 10% has happened ten times. The last four quarters account for four of them. The headline describes one … [Read more...] about Omdia’s Record $425 Billion Chip Quarter: Memory Took Roughly 80% of the New Revenue
SanDisk (SNDK): The 2027 NAND Supply Wave Arrives in 2029
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
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