TMTB Morning Wrap
Adobe reported Q2 revenue of $6.618 billion, beating estimates, but shares fell 8% as management signaled a $480‑$500 million hit to organic FY26 ARR by prioritizing freemium growth over near‑term monetization. The shift delays Creative Cloud pricing optimizations and coincides with the CFO’s departure and an unresolved CEO succession. Meanwhile, AMD received a Citi upgrade, Nasdaq‑100 additions were announced, and SPCX’s Starship outlook drew attention, but Adobe dominates the narrative.
TMTB EOD Wrap
The AI‑focused semiconductor sector surged as the QQQ index rose 1.5%, while Apple fell 2% after a lukewarm AI showcase at WWDC. Marvell (MRVL) jumped 10% after its S&P 500 inclusion and announced capacity to meet a 50% revenue target for...
TMTB Morning Wrap
Futures rose 30 basis points with semiconductor stocks leading gains; Marvell Technology (MRVL) jumped 11% after CEO Jensen’s $1 trillion market cap comment and speculation of an S&P 500 addition, while Intel (INTC) gained 6% on positive Bank of America remarks. Palo...
TMTB Morning Wrap
Nvidia announced its RTX Spark 3nm chip, promising up to 1 petaFLOP of local AI performance and 128 GB unified memory, sending ARM shares up 11% while rivals Intel, AMD and Qualcomm fell. Cadence unveiled a Level‑5 autonomous virtual engineer that can...
TMTB Morning Wrap
MongoDB (MDB) reported Q1 revenue of $687.6 million, up 25.2% year‑over‑year, beating analysts’ expectations. Atlas cloud revenue grew 29.4% YoY, prompting management to raise FY27 revenue guidance to $2.92‑$2.96 billion and Atlas growth to 23‑25%. The EA and Other segment showed a...
TMTB: Quantinuum (QNT) IPO Roadshow Notes
Quantinuum, the leading integrated trapped‑ion quantum computing firm, announced a $1 billion primary IPO on NASDAQ at a $45‑$50 price range, with its parent holding 49% of shares. The company highlighted blue‑chip pilots with BMW and Pfizer, showcasing quantum‑driven hydrogen‑fuel research...
TMTB EOD Wrap; SNOW CRM First Takes
Snowflake surged 30% after reporting product revenue up 34% YoY, the strongest growth since early 2025, and raised its full‑year margin outlook to 13.5%. The company also announced a $6 billion partnership with Amazon to supply Graviton chips for its data‑cloud...
TMTB: TTWO WDAY Recaps
Take‑Two Interactive (TTWO) posted a strong fourth‑quarter, with net bookings of $1.58 billion—essentially flat year‑over‑year—and GAAP revenue of $1.68 billion, up 6%, both topping Street forecasts. Non‑GAAP EPS came in at $0.80, well above the $0.56‑$0.58 consensus, and adjusted EBITDA reached $240 million....
TMTB Morning Wrap
Futures surged 75 basis points this morning, driven by a 2% rally in the semiconductor sector while software lagged. Intel jumped 5% after CEO Lip Bu Tan delivered a bullish outlook at the JPMorgan TMT conference. AI‑focused chip makers such...
TMTB: JPM TMT Conf Key Quotes (INTC, ALAB, ANET, DDOG)
Intel CEO Lip‑Bu Tan highlighted a rapid shift in AI workloads, with customers moving from a 1:8 CPU‑to‑GPU ratio to near parity, even 4:1 for inference agents. He reported that the 18A manufacturing node is delivering a 7% monthly yield...
TMTB Morning Wrap
Google and private‑equity firm Blackstone announced a joint AI‑focused cloud company backed by $5 billion in equity. The venture will leverage Google’s custom AI chips and aims to bring 500 megawatts of compute capacity online by 2027, directly challenging Nvidia’s market lead....
TMTB EOD Wrap
The Nasdaq‑100 (QQQ) jumped 1% to a fresh all‑time high, led by a 2.5% surge in semiconductor stocks. Investors were buoyed by the upcoming Trump‑Xi summit, hoping it will ease trade tensions and revive the stalled Iran nuclear deal, while...
TMTB: Cerebras (CRBS) IPO Roadshow Notes
Cerebras Systems disclosed a massive take‑or‑pay contract with OpenAI worth over $20 billion, beginning with a $1 billion prepayment and delivering 750 MW of AI compute across three 250 MW tranches from 2026 to 2028. The first tranche will be provided through Cerebras' cloud...
TMTB Morning Wrap
Intel announced a joint R&D effort with SK Hynix to develop 2.5D packaging using Intel’s EMIB technology, aiming to integrate high‑bandwidth memory with system‑on‑chip components. The initiative responds to TSMC’s supply bottleneck on its CoWoS 2.5D process, which is straining...
TMTB Weekly
The Nasdaq-100 (QQQ) has rallied for six straight weeks, nearing a 30% gain, while the Philadelphia Semiconductor Index (SOX) is up about 65% since early April. SOX’s RSI sits at 80 and it trades 55% above its 200‑day moving average,...