To The Moon

Management View "these Q3 results represent a trifecta moment for ServiceNow" with "significantly accelerating AI performance" and "a hybrid business model shifting more to consumption" (Chairman & CEO William McDermott). "AI, net new ACV was 65% year-over-year growth in Q3" and "today, we are raising that target again this time to $1.7 billion plus by year-end" (Chairman & CEO McDermott). "Q3 subscription revenues were $3.988 billion" and "non-GAAP operating margin was 32.5%" while "free cash flow margin was 20%" (President & CFO Gina Mastantuono). "AIOps, HRSD and CRM specialists are expected to become generally available in Q4" and "our tuck-in of Sweep adds deep expertise in rapid agentic deployments" (Chairman & CEO McDermott). Outlook "For 2026, we're raising our subs

Management View "Q3 was a strong quarter for Alphabet" and "Alphabet revenues grew 25% year-over-year" as the company said it is "now at $0.5 trillion annual run rate" (CEO Sundar Pichai). "Google Cloud revenues grew 103%" and management said it is "working hard to bring more capacity online to meet this long-term demand" while also seeing "strong demand" for TPU systems (CEO Pichai). Product and platform updates centered on Gemini 4: "Our first-party model APIs are now processing nearly 32 billion tokens per minute, 40% more than last quarter" and "The Gemini app is now at 1 billion users" (CEO Pichai). Pichai also said the company "announced Carbon" and that it will be "rolling Carbon out first to a subset of trusted cyber defenders" and that it is "being tested by the U.S. government."

On September 29, cross-border apparel company Shein-W (00625.HK) fell as much as ~14% intraday to HK$30.36, a record low since listing. Based on the closing price, Shein is down more than 35% from its IPO issue price. $SHEIN-W(00625)$ After a long and bumpy IPO journey, Shein listed on the Hong Kong Stock Exchange earlier this month at a valuation of about US$26 billion. At its 2022 peak, its valuation reached roughly US$100 billion, while its current market cap is only about US$16.7 billion. On the news side, on September 28 Shein released its 2026 interim results for the first half of the year—its first interim report since going public. The results show that net revenue rose just 0.9% in Q2 2026, while operating profit fell 66.