Nokia Oyj shares fell 2.9% on Tuesday, despite a new Saudi investment in AI-driven network automation. The ADR traded at $9.845 at 10:53 EDT, near its session low.
Category hubArtificial Intelligence
Follow the latest TechStock² reporting, investor analysis and material developments for Artificial Intelligence in one continuously updated topic hub.
U.S. dollars per ADR; previous close $10.14
As of . Five-minute observations; last point uses the quoted price.
Change from August 31 close. Source: Yahoo Finance. As of .
Q2 2026. AI and cloud sales rose 105% year over year. Source: Nokia half-year report, July 23, 2026.
$ per share; previous close $220.50
As of . One-minute observations; delayed bars may update. Source: Yahoo Finance.
Change from Monday’s close, %
As of . Broadcom Inc. (NASDAQ:AVGO) is shown with relevant chip peers. Source: Yahoo Finance market data.
NVIDIA quarterly revenue, $ billions
Results through July 26, 2026; Q3 is company guidance, ±2%. Sources: NVIDIA results and the SEC filing.
USD per share · regular-session closes
USD billions · linear scale
Equity-value change is derived from the $19.20 share move and 3.9495 billion shares outstanding. Cash-flow and deferred-revenue figures are from Tesla's Q2 update and Form 10-Q.
Sources: NHTSA crash reporting, NHTSA EA26002, and Tesla Q2 2026 update.
Daily close, U.S. dollars
As of . Source: S&P Global Market Intelligence via StockAnalysis.
Quarter ended June 30, 2026. Source: Palantir Q2 2026 results.
Market data as of August 31, 2026; guidance issued August 3. Sources: Google Finance, Palantir and S&P Global via StockAnalysis.
Recommendation data last updated August 26, 2026. Source: S&P Global Market Intelligence via StockAnalysis.
Regular-session closes, plus the latest after-hours trade; U.S. dollars
· Source: Yahoo Finance
Revenue and GAAP operating income, billions of dollars
Quarter ended June 30, 2026 · Source: SpaceX earnings release filed with the SEC
Capital spending totaled $28.48 billion
Six months ended June 30, 2026 · Source: SpaceX Form 10-Q
Cash plus marketable securities against debt and finance leases
As of June 30, 2026 · Source: SpaceX Form 10-Q
Vendor aggregate and valuation fields as of August 31, 2026, 17:47:35 EDT · Source: Yahoo Finance
Snapshot: August 31, 2026 · 15:12 EDT
| Item | Reading |
|---|---|
| Crash report | Fatal, May 2026 |
| ADAS status | Verified engaged |
| Pre-crash speed | 104 mph |
| Causation | Not established |
| Q2 metric | Result |
|---|---|
| Revenue | $28.24B, +26% |
| FSD subscriptions | 1.48M, +56% |
| Operating margin | 1.4% |
| Free cash flow | -$1.09B |
FSD subscription growth can improve recurring software revenue and margins. Safety investigations can delay rollout, add compliance cost and weaken adoption. With the stock valued at roughly 183 times forward earnings, regulatory and execution outcomes have an outsized effect on fair value.
Watch: NHTSA EA26002 updates · supervised FSD miles and interventions · subscription growth · operating-margin conversion.
| Revenue | $29.4B |
| Adjusted EPS consensus | $3.24 |
| AI semiconductor target | $16.0B |
| Adjusted EBITDA guide | 68% of sales |
| Non-GAAP operating income | 67% of sales |
| Metric | Value | YoY |
|---|---|---|
| Semiconductor solutions | $15.01B | +79% |
| Infrastructure software | $7.18B | +9% |
| AI semiconductors | $10.80B | +143% |
| Free cash flow | $10.26B | +60% |
| Adjusted EBITDA | $15.24B | +52% |
The earnings debate turns on whether a 54.4% AI revenue mix can preserve Broadcom's cash conversion while supporting a roughly 15× annualized-sales valuation. A clean beat must include the $13.4B non-AI remainder, not only accelerators.
Risks: advanced-node supply, hyperscaler concentration, custom-silicon and networking competition, VMware execution, and valuation sensitivity.
| Metric | Estimate | Growth |
|---|---|---|
| Q2 revenue | $45.19B | ~+52% |
| Q2 adjusted EPS | $4.91 | ~+112% |
| Q1 revenue | $43.84B | +88% |
| Q1 adjusted EPS | $4.86 | $2.94 prior estimate |
$60B
$167B
AI servers equal about 36% of midpoint revenue, increasing exposure to accelerator costs and large orders.
| Company | Price | Session | Market value | Trailing P/E |
|---|---|---|---|---|
| Dell | $460.64 | +0.96% | $302.2B | 36.7× |
| HPE | $52.33 | +0.04% | $74.9B | 48.0× |
| HP Inc. | $30.27 | -0.84% | $28.1B | 11.6× |
Low target · options downside · current · average target · high target.
A revenue beat is largely expected. The stronger signal would be higher full-year profit guidance with stable margins. Misses on AI-server mix, customer timing or component costs could trigger the full implied downside.
Catalyst: fiscal Q2 results, September 1, 2026, after the closing bell.
Market close: August 31, 2026, 13:30 CST · Deal announced after close · Dashboard timestamp: 22:35 CST / 10:35 EDT
| September 10 | August sales |
|---|---|
| October 23 | Next earnings estimate |
| Still missing | Coupon, maturity, conversion price |
| First price test | September 1 Taiwan session |
| Measure | Value | Change |
|---|---|---|
| Q2 revenue | NT$152.18B | +1.2% |
| Q2 net income | NT$24.6B | −12.3% |
| Mobile-chip revenue | Not disclosed | −20% |
| July revenue | NT$48.48B | +12.16% |
| Jan–Jul revenue | NT$349.81B | +0.84% |
Simple multiplication of company estimates. It is not revenue guidance.
| Metric | Latest | Read-through |
|---|---|---|
| 52-week range | NT$1,130–4,970 | Close is 21% below high |
| Year to date | +174.5% | AI rerating already substantial |
| Average target | NT$5,503 | About 40% above close |
| Recommendations | 23 Buy / 0 Sell | Strong Buy consensus |
Sources: MediaTek and Nvidia joint release; MediaTek investor relations; Reuters; MarketWatch/Investing delayed market data. Currency conversion uses about NT$32.3 per U.S. dollar. All time-sensitive figures are stamped above.
Market data: August 31, 2026, 10:00 EDT · Financials: FY2026
Friday: -12.53%.
Approximation using 394.1M shares.
+685% in FY2026.
Of float, August 14.
| Metric | FY25 | FY26 | Move |
|---|---|---|---|
| AI Cloud | $16.4M | $128.8M | +685% |
| Bitcoin mining | $484.6M | $578.2M | +19% |
| Total revenue | $501.0M | $707.0M | +41% |
| Adjusted EBITDA | $269.7M | $245.7M | -9% |
| Monday 10:00 price | $36.42 |
| Friday volume | 89.9M |
| 65-day average | 45.6M |
| 52-week high | $76.87 |
| Average analyst target | $81.57 |
| Analyst target upside | 124% |
| FY2026 net loss | -$702.6M |
| Non-cash impairments/transition | $638.8M |
| Adjusted EBITDA | $245.7M |
| Adjusted EBITDA margin | 34.8% |
| Price / FY2026 revenue | 20.3× |
| Contracted share of target ARR | ~85% |
IREN’s AI Cloud revenue grew almost eightfold, and contracted awards support a year-end run-rate target above $4 billion. The stock still prices in a large delivery gap: current annual revenue is $707 million, adjusted EBITDA fell 9%, and construction plus GPU financing must precede revenue recognition.
Watch customer acceptance, construction milestones, GPU deliveries, financing costs, Bitcoin-linked cash flow and margin conversion. With 30.6% short interest, failed milestones can produce outsized downside.
| Company | P/E | Move |
|---|---|---|
| ServiceNow | 89.3× | +4.5% |
| Salesforce | 23.5× | +1.6% |
| Workday | 41.4× | +5.6% |
| Oracle | 27.1× | -0.8% |
ServiceNow's premium requires sustained growth above peers.
| RPO | $29.0bn |
| Current RPO | $13.2bn |
| Non-GAAP operating margin | 29.5% |
| H1 free cash flow | $2.3bn |
| FY subscription guide | $15.76–15.78bn |
AI contract value must grow roughly 50% from the Q2 run rate to reach the year-end target. Pricing pressure, stock compensation or weaker backlog would make the valuation premium harder to defend.
Sources: ServiceNow Q2 2026 results and investor relations; current market data timestamped above. Non-GAAP measures are management figures.
AWS generated 60% of group operating profit from 21% of sales.
| Group sales | $200.6B |
| Operating income | $27.5B |
| AWS sales | $42.2B |
| AWS operating income | $16.6B |
| AWS operating margin | 39.3% |
| Advertising growth | 26% |
| Measure | Current TTM | Prior TTM |
|---|---|---|
| Operating cash flow | $161.4B | $121.1B |
| Free cash flow | −$7.6B | $18.2B |
| P&E purchase increase | +$66.1B year over year | |
| Implied annualized Q2 operating profit | $110.0B | |
| Market value / annualized operating profit | ~26× | |
Core test: keep AWS near 37% growth without making negative free cash flow structural.
Sources: Amazon Q2 2026 results; current market quotes; public reporting on the AWS–NVIDIA expansion. Estimates may differ from reported GAAP measures.
The reported-margin marker sits below zero; restructuring created a 10-point gap versus the comparable measure.
| Metric | Value | Change |
|---|---|---|
| Net sales | €4.82B | +8% |
| AI & Cloud sales | €446M | +105% CC |
| AI & Cloud orders | ~€2.8B | Pipeline |
| Comparable operating profit | €434M | 9.0% margin |
| Reported operating result | −€50M | −1.0% margin |
| Restructuring charges | €390M | Cash burden |
| 2026 comparable operating profit | €2.1B–€2.6B |
| Management target | Somewhat above midpoint |
| Net cash + interest-bearing investments | €2.78B |
| Working-capital outflow | ~€1.15B |
| Trailing P/E screen | ~72× |
| Communications-industry average | ~34× |
Core test: AI revenue can support a rerating only if operating gains reach free cash flow.
Sources: Nokia Q2 and half-year 2026 report; MarketWatch price and volume; published valuation screen. Constant-currency growth is marked “CC.”
A 39% monthly rally meets high short interest and a slower sequential ARR build.
| Metric | Q1 FY2027 | Next test |
|---|---|---|
| Revenue | $418M · +17% YoY | $395M–$400M Q2 guide |
| ARR | $1.901B · +12% | $1.929B–$1.934B |
| Net new ARR | $49M | ≈$30.5M implied midpoint |
| Net retention | 109% | Stabilization or reacceleration |
| GAAP operating income | $28M | Profit durability |
| Adjusted free cash flow | $130M | Cash conversion |
High short interest can accelerate covering on a beat or deepen a reversal after a miss.
ARR growth below 12%, net retention slipping from 109%, weaker federal or international demand, and poor conversion of agentic pilots into production contracts would challenge the rerating.
Banco Azteca provides operating proof: 300+ automations across 8,800+ processes. It does not disclose UiPath contract value.
| Facility | Principal | Rate | Annual interest* |
|---|---|---|---|
| Microsoft GPUs | $3.6B | 6.0% | $216M |
| Mackenzie GPUs | $2.4B | 9.0% | $216M |
| Disclosed subtotal | $6.0B | — | $432M |
| Contracted ARR for 2026 capacity | $4.0B |
| Operating ARR at Aug. 26 | $1.0B |
| FY26 AI Cloud revenue | $128.8M |
| FY26 adjusted EBITDA | $245.7M |
| FY26 net loss | −$702.6M |
Horizon 2 is commissioning. Horizon 3–4 target Q4 2026 delivery. Customer acceptance turns contracted ARR into revenue; delays leave interest and construction costs running.
Higher compute output did not offset weaker Bitcoin economics and fair-value volatility.
| Cash + Bitcoin | $2.5B |
| Pledged / loaned | 26% |
| Current market cap | $4.07B |
| Gross liquid-assets / cap | 61% |
Gross holdings are not net asset value; collateral, debt, taxes and operating needs matter.
| Item | Value |
|---|---|
| Purchase price | $1.5B |
| Assumed debt | $785M |
| Annualized adjusted earnings | ~$144M |
| Purchase / earnings | ~10.4× |
| Consensus | Overweight |
| Average target | $18.00 |
| Implied upside | 68.7% |
| Target range | $6–$30 |
| FY2026 EPS estimate | -$4.56 |
| Metric | Reading |
|---|---|
| Market capitalization | $2.87T |
| Trailing P/E | 21.3× |
| Average target | $327.67 |
| Target upside | 23.0% |
| Evercore target | $355.00 |
| Ratings | 59 Buy · 2 Hold · 0 Sell |
| Friday volume | 49.55M |
| 3-month average | 49.13M |
| Measure | Q2 2026 | Change |
|---|---|---|
| Revenue | $30.4M | −50% |
| Adjusted EBITDA | −$23.7M | from +$6.6M |
| Operating loss | −$140.8M | from +$10.8M |
| Unrestricted cash | $698M | Aug. 7 |
| Unencumbered Bitcoin | $121M | 1,861 BTC |
Categories overlap with development stages as disclosed by Keel; signed-tenant economics remain undisclosed.
| Buy / Hold / Sell | 7 / 1 / 0 |
| Average target | $6.71 |
| Implied upside | 108% |
| Target range | $4.50–$10.00 |
Record AI demand meets a delayed revenue bridge
| Measure | Reading | Signal |
|---|---|---|
| FY2027 EPS estimate | $4.20 | 51.6× P/E |
| FY2028 EPS estimate | $6.69 | 32.4× P/E |
| Average target | $291.26 | 34.5% upside |
| Median target | $295.00 | 36.2% upside |
| Rating mix | 37 Buy/Overweight | 6 Hold, 0 Sell |
Marvell’s current AI business is accelerating, but the market is discounting a longer bridge to Google revenue. The stock can recover if near-term custom compute and interconnect growth preserve the $18 billion fiscal 2028 target without sacrificing gross margin.
Key risks: customer concentration, Google schedule slippage, a 51.6× fiscal 2027 earnings multiple, and integration of Celestial AI and XConn.
Sources: Marvell Q2 FY2027 release; Reuters, Aug. 28, 2026; WSJ/FactSet market data and research ratings; SEC filings. Estimates are not company guarantees.
