In the latest close session, Cardinal Health (CAH) was up +1.93% at $202.95. The stock's performance was ahead of the S&P 500's daily gain of 0.88%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 1.31%. The stock of prescription drug distributor has fallen by 4.23% in the past month, lagging the Medical sector's gain of 1.2% and the S&P 500's gain of 2.48%.The investment community will be closely monitoring the performance of Cardinal Health in its forthcoming earnings report. Th ...

Key Takeaways Oracle's recent earnings release came under heavy scrutiny.Mag 7 members are expected to see 16.9% earnings growth on 16.4% higher sales in Q4. Tech will continue being the primary earnings growth driver in coming periods.Oracle’s (ORCL) relationship with OpenAI has become a never-ending source of market angst, as the tie-in reminds many of questionable vendor-financing practices from the late 1990s. Tied to Oracle’s OpenAI exposure are questions about the company’s financial health and its ab ...

Key Takeaways Global luxury spending is projected to grow 3-5% in 2026 after a flat 2025, following a prolonged slowdown.China's luxury demand weakened early in 2025 but stabilized later, fueling hopes of renewed growth in 2026.Kering could benefit from a 2026 rebound on Gucci-led portfolio gains in China and emerging markets.In 2025, the global luxury goods sector faced a prolonged slowdown, hit by economic headwinds, shifting consumer preferences and geopolitical disruptions, including elevated tariff spi ...

Key Takeaways Micron Technology posted 56.8% revenue growth as AI-driven HBM demand lifted cloud memory sales and results.Palantir Technologies saw 63% revenue growth on strong U.S. commercial adoption and expanding government work.MU forecasts higher Q2 2026 revenue and EPS, supported by record free cash flow for future growth plans. The artificial intelligence (AI) boom has significantly boosted Micron Technology, Inc. (MU) and Palantir Technologies Inc. (PLTR) , with their shares soaring 195.3% and 145.5 ...

Key Takeaways JCI is seeing solid momentum across the Americas, EMEA and APAC, driven by HVAC platforms and controls.JCI expanded its portfolio via acquisitions, adding $25M in revenues in fiscal 2025 with FM:Systems.JCI faces margin pressure from higher SG&A, IT and cybersecurity costs, plus adverse currency impacts.Johnson Controls International plc (JCI) is benefiting from solid momentum across all segments. Increase in demand for heating, ventilation and air conditioning (HVAC) platforms in data centers ...

Key Takeaways CAT is expanding U.S. facilities and diversifying suppliers to reduce global supply-chain risks.EnerSys is shifting production to the US to cut tariff exposure and improve resilience.HON is using dual sourcing and local materials to stabilize supply and support deliveries.The global supply chain is expected to change significantly in 2026. The year 2025 was marked by ongoing geopolitical tensions, shifting regulations and rising cost pressures that disrupted international trade and increased u ...

Key Takeaways AXON is seeing solid demand for TASER, cameras and software, but rising costs and higher debt pressure marginsWWD is gaining from growth in aerospace and industrial units, led by defense demand and power generation needsWoodward's shares have outperformed, aided by improving earnings estimates and a lower valuation versus peers.Axon Enterprise, Inc. (AXON) and Woodward, Inc. (WWD) are two prominent names operating in the aerospace and defense equipment industry. As rivals, these companies are ...

Key Takeaways CTAS posted Q2 EPS of $1.21, topping estimates as revenues rose 9.3% year over year to $2.80 billion.Cintas saw broad-based growth, led by First Aid and Safety Services revenues rising 14.3% year over year.CTAS raised FY26 revenue and EPS guidance following strong cash flow and continued shareholder returns.Cintas Corporation (CTAS) reported second-quarter fiscal 2026 (ended Nov. 30, 2025) earnings of $1.21 per share, which beat the Zacks Consensus Estimate of $1.19. The bottom line rose 11% y ...

Key Takeaways Bitcoin remains volatile in 2025, trading over 30% below October highs yet near six-figure levels.BTC adoption via spot ETFs embeds crypto in portfolios and raises equity correlation.Bitcoin faces progress as well as risks like quantum computing, supporting only small, moderate allocations.As 2025 draws to a close, cryptocurrency led by Bitcoin BTC-USD is again in the spotlight. Investors currently face a key question: Is this a speculative bubble destined to collapse like Tulip Mania, or a le ...

行业概况 - 全球人工智能基础设施市场预计将从2025年的1820.7亿美元增长至2030年的3940.5亿美元，期间复合年增长率为19.4% [2] - Applied Digital 是专注于为AI工作负载优化的定制化数据中心和高性能计算设施的纯AI基础设施开发商 [1][3] - Dell Technologies 专注于AI优化服务器、企业硬件和集成数据中心解决方案 [1][6] Applied Digital 业务与财务分析 - 公司采用纯AI基础设施开发商模式，专注于超大规模数据中心园区，通过长期、可循环的租赁收入与Dell的硬件中心模式形成差异化 [3] - 已与CoreWeave签订了约110亿美元的合同租赁收入，覆盖Polaris Forge 1园区的400兆瓦容量，确立了长期收入可见性 [3] - 一旦设施完全投入运营，公司预计每年可产生约5亿美元的净营业收入 [3] - 已开始建设Polaris Forge 2，初始容量为300兆瓦，可扩展至1吉瓦 [4] - 两个园区共有700兆瓦容量正在建设中，并有4吉瓦的活跃开发管道 [4] - 与麦格理资产管理公司达成的50亿美元优先股权融资安排，可能释放总计200亿至250亿美元的项目融资能力 [4] - 其专有的冷却设计目标是实现1.18的电力使用效率比，带来运营成本优势 [4] - 根据Zacks共识预期，公司2026财年第二季度预计每股亏损0.10美元，过去30天未变；去年同期每股亏损为0.66美元 [5] - 公司股票在过去六个月中飙升了131.4% [11] - 公司远期市销率为15.71倍，反映了其向高利润率循环租赁收入的转型及其纯AI基础设施的定位 [14] Dell Technologies 业务与财务分析 - 公司作为成熟的AI基础设施硬件供应商，通过集成销售服务器、存储和网络系统设备，与Applied Digital的设施租赁模式形成差异化 [6] - 在2026财年前九个月，累计获得了300亿美元的AI服务器订单，并建立了184亿美元的积压订单，显示出超大规模企业、云服务提供商和企业客户的强劲需求 [6] - 硬件模式在设备发货时即确认收入并产生当期利润，提供近期的现金生成 [6] - 与包括英伟达在内的技术提供商建立了战略合作伙伴关系，确保了下一代GPU平台（如GB300架构）的设计中标 [7] - 其工程能力使得AI机架能在24-36小时内完成部署，正常运行时间超过99% [7] - 面临DRAM和NAND等用于AI服务器的组件显著的商品成本通胀，这在2026财年第三季度挤压了利润率 [7][9] - AI服务器订单履行周期为12-18个月，在组件供应、制造产能和交付时间方面存在执行风险 [9] - 根据Zacks共识预期，公司2026财年第四季度预计每股收益为3.46美元，过去30天上调了0.33美元；去年同期每股收益为2.68美元 [10] - 公司股票在过去六个月中仅上涨了3% [11] - 公司远期市销率为0.67倍，与其成熟的硬件业务相符 [14] 投资比较与结论 - Applied Digital 近期的市场表现优于 Dell Technologies，反映了投资者对纯AI基础设施的偏好 [8][11] - Applied Digital 的纯AI基础设施定位、高利润率循环租赁模式和110亿美元的合同收入，使其成为更强的增长机会 [17] - Dell Technologies 提供已建立的盈利能力，但面临商品价格压力和竞争动态，限制了其增长潜力 [17] - 凭借优于Dell的增长轨迹和六个月的市场表现，Applied Digital 被认为是AI基础设施领域更具吸引力的投资标的 [17]