To The Moon

$Snowflake(SNOW)$’s latest results strengthen the argument that enterprise AI is generating paid data-platform consumption, not merely demonstrations. But a sharp earnings rally also raises the standard for what comes next: faster growth must eventually translate into durable cash generation and attractive returns per share. Snowflake reported after the September 2 close for the quarter ended July 31. Revenue increased 35% to $1.55 billion, including $1.49 billion of product revenue, up 37%. Net revenue retention was 126%. Management raised fiscal-2027 product-revenue guidance to $6.07 billion from $5.84 billion and adjusted operating-margin guidance to 14.5% from 13.5%. However, the quarter’s $237 million adjusted operating profit contrasted with

$Vertiv Holdings LLC(VRT)$’s proposed purchase of UtilityInnovation Group extends its data-centre role from managing electricity inside a facility toward helping customers obtain usable power in the first place. That addresses a material constraint on AI deployment, but it also moves the company into projects whose complexity cannot be solved by selling more cooling equipment. On September 2, Vertiv announced a definitive agreement to acquire UIG for $1.45 billion in upfront cash, plus as much as $1.15 billion tied to performance. Closing is expected in the fourth quarter, subject to approvals. Management expects adjusted EPS accretion in the first year. The initial consideration represents approximately 13 times expected 2027 EBITDA, a forward est

The latest US factory-orders report is constructive for industrial companies, but its composition matters more than the headline. A large aircraft order can lift aggregate manufacturing demand without saying much about whether a typical business is expanding its equipment budget. The Census Bureau released July’s figures on September 2. New orders increased 0.9% to $663.6 billion after declining in June. Shipments rose 0.8%, unfilled orders increased 0.6% and inventories advanced 0.4%. The inventory-to-shipments ratio remained 1.47. These are dollar measures, so they should not automatically be interpreted as equivalent changes in physical production. The Census Bureau’s July manufacturing report provides the official totals. The internal split is less decisive. Aircraft orders rose 12.7%

Broadcom delivered strong Q3 numbers and mapped out massive multi-gigawatt custom AI chip orders across Anthropic, OpenAI, and Meta through 2028. However, an in-line near-term forecast triggered immediate post-earnings profit-taking, knocking shares down toward key chart support around $360. For options traders, this pullback creates defined-risk opportunities to monetize volatility rather than chasing momentum. Executive summary Achieved record Q3 revenue of $29.6 billion, up 86% year-over-year, driven by strong demand for AI accelerators and networking. Q3 GAAP operating income reached $16.0 billion; non-GAAP operating income was $20.1 billion, up 92% year-over-year. Q3 GAAP diluted EPS was $2.68; non-GAAP diluted EPS was $3.32, up 96% year-over-year. Free cash flow for Q3 was $13.7 bill