CFRA Sees Apple Selling Every Foldable iPhone Duo It Can Make
CFRA Research expects Apple to sell essentially every foldable iPhone Duo it can produce, with the device potentially accounting for 5 to 8 percent of iPhone units and more than 10 percent of iPhone revenue. The iPhone 18 Pro hit store shelves on Friday, a full month before the foldable iPhone Duo's release in late October. CFRA senior vice president and equity analyst Angelo Zino said the firm initially forecast the Duo at about 4 to 5 percent of iPhone volume, but now sees potential for that figure to be higher, closer to 5 to 8 percent of units, with pricing pushing its revenue contribution north of 10 percent. Zino said the key question is how supply constrained the device will be, and called early indications for the Pro devices a pretty solid start to the iPhone 18 cycle. He added that the cycle could have longer legs because Apple is pushing out its base devices into the March quarter, helping sustain momentum into the March and June quarters, while China demand for foldables remains a variable to watch.
Apple Launches $1,999 Foldable iPhone Duo Under New CEO John Ternus
Apple Inc. has released its first foldable phone, the Duo, priced at $1,999 in the United States, marking the most significant design change to an iPhone in recent years. The device features a 7.6-inch inner display, a 5.4-inch outer screen, the company's A20 Pro chip, a custom hinge, and a titanium build, and it was the first major product launch for new CEO John Ternus, who called it "the most transformational change to iPhone since the original." Apple is billing the Duo as a hybrid of smartphone portability and tablet-like productivity with a Split View that lets users open two apps at a time. Industry analysts expect Apple to capture a significant share of the niche foldable market, with TrendForce projecting 25% market share in its debut year and IDC projecting 40% by the end of 2027. However, the lofty price, entrenched competition from Samsung and Huawei, and Apple's lack of AI development could prevent the Duo from becoming the company's next growth engine.
Sandisk Shares Jump 7.8% Ahead of S&P 100 Inclusion
Sandisk shares rallied sharply on Friday, climbing as much as 7.8% and still up 7.5% as of 12:34 p.m. ET, after S&P Dow Jones Indices announced earlier this month that the chipmaker would be added to the S&P 100, replacing longtime member Colgate-Palmolive, before the start of trading on Monday, Sept. 21. The S&P 100 is a subset of the S&P 500, the benchmark comprising roughly 500 of the largest U.S. companies, and includes the index's largest and most well-established members. The move is expected to spark short-term buying by major index and exchange-traded funds that track the S&P 100, which likely drove Friday's gain, while longer-term effects are seen as limited to prestige and increased visibility among institutional buyers. Sandisk's operating performance has been strong: for its fiscal 2026 fourth quarter ended July 3, revenue soared 372% year over year and 51% sequentially to $8.97 billion, while diluted earnings per share of $43.97 swung from a loss in the prior-year period and jumped 91% quarter-over-quarter. The stock trades at 24 times earnings and 8 times forward earnings.
HPE's $700 Million AI Networking Backlog Tests Supply Chain
Hewlett Packard Enterprise is sitting on a record pile of AI networking orders it cannot yet ship, and the gap between bookings and revenue is now the central question for the stock. Orders for the Networks for AI portfolio reached $700 million in fiscal Q3 2026, a new high, after the company blew past its cumulative fiscal 2026 target of at least $2 billion and raised that target to $2.5 billion to $3 billion. The hardware behind those orders includes routers and switches HPE is supplying to Oracle for one of the largest AI cloud infrastructure build-outs, work that extends more than a decade of engineering between Oracle and Juniper Networks, the business HPE acquired last year. Networking revenue rose 10% in fiscal Q3 2026 against a prior-year base that includes Juniper Networks, while networking orders rose 36%, and the segment brought in $2.9 billion of the $12.2 billion in total revenue HPE reported for the quarter. Management attributes the gap to supply, citing memory and wafer capacity that have gated supply since the start of fiscal 2026, and HPE has more than doubled its networking purchase commitments quarter over quarter while signing multiyear supply agreements to lock capacity. Networking revenue growth is guided to 11% to 13% in fiscal Q4 2026 and 14% to 17% in fiscal 2027, with the next scheduled look at the business coming at the Networking Investor Day on September 30, 2026.
Apple TV Wins 29 Emmys, Most of Any Network at 78th Primetime Awards
Apple TV became the most awarded network at the 78th Primetime Emmy Awards with 29 wins, a result the company expects to strengthen its Services business. Widow's Bay led the haul with 14 awards, including Outstanding Comedy Series, making it the most Emmy-awarded freshman comedy series in history, and it also took acting, writing and directing honors. Other Apple TV titles including Pluribus, Slow Horses, Margo's Got Money Troubles, Palm Royale and Mr. Scorsese contributed to the tally, bringing Apple Originals to 917 total wins and 3,827 nominations since the service launched. Apple TV viewership hit an all-time high in the June quarter, when Services revenue rose 12% year over year to a June-quarter record of $30.74 billion and the company surpassed 1.5 billion paid subscriptions. Services gross margin was 75.6% in the quarter, well above the 40.1% Products gross margin, though Apple faces stiff streaming competition from Netflix and Disney.
Seagate Gets $899 Price Target as AI Storage Demand Sells Out Capacity Through 2027
Seagate Technology received a buy rating and a $899.28 price target from 24/7 Wall St., implying 14.82% upside over the next 12 months at a 90% confidence level. The call follows a blowout fiscal Q4 report on July 28, 2026, in which Seagate posted revenue of $3.63 billion, up 48.49% year over year, and non-GAAP EPS of $5.71, beating expectations by 12.11%, while full-year FY26 free cash flow hit a record $3.105 billion, up 279.58%. Management now guides to annual revenue growth of a minimum of 20% over the next few years, up from prior mid-teens targets, and CEO Dave Mosley said nearline capacity is almost fully allocated through calendar 2027. Mosaic 4 HAMR drives deliver up to 44 terabytes per drive, and Mosaic 5 is targeting 50 terabytes with qualification shipments in late 2027. The stock trades at a forward P/E of 23, roughly in line with Western Digital's 21, while Micron's forward P/E of 6 highlights how much Seagate has already re-rated; the bear case lands at $685.64 on hyperscaler concentration risk.
Apple's iPhone 18 Pro Debuts With $100 Price Bump to $1,199
Apple's iPhone 18 Pro and Pro Max went on sale Friday, the company's first new iPhone launch under CEO John Ternus and its first to hit the market amid the AI-driven global memory and storage shortage. The memory crunch pushed the base iPhone 18 Pro to $1,199 and the base iPhone 18 Pro Max to $1,299, a $100 increase over the iPhone 17 Pros. The foldable iPhone Duo is not due out until Oct. 23 and will cost $1,999. Demand for the Pro models is running hot, with orders placed today facing a three-week wait for delivery. Deepwater Asset Management managing partner Gene Munster wrote Friday that Pro model pre-order lead times are about 15% longer than a year ago on launch day, and that the dual-cycle launch, which splits the base iPhone 18, iPhone 18e and iPhone Air 2 into early next year, appears to be helping early sales. The new phones ship with the improved Apple Intelligence platform and AI-powered Siri AI, which remains in beta.
Apple's Siri AI Cycle Could Drive Shares to $450 by 2027, Analyst Says
Apple is trading below what a full Siri AI cycle could justify, according to a 24/7 Wall St. analysis, even after posting $109.42 billion in fiscal Q3 revenue, its ninth consecutive EPS beat, and a 22% iPhone growth rate cited by CEO Tim Cook. Shares are up 23.19% year to date and sit near the top of a $235.78 to $344.27 52-week range, but the Street consensus target of $325.66 is essentially flat with the current $334.31 price, while the firm's own model projects a base case of $378.88 and a bull case of $431.31. Reaching $450 by 2027 would require a 34.6% gain and a forward P/E of 46x, roughly 7 turns of multiple expansion above the base case, and depends on three catalysts: a clean Siri AI launch with subscription revenue, memory cost normalization by mid-2027, and iPhone 18 sustaining 22% growth. Cook warned of a 100-year flood in memory pricing and said supply constraints will increase significantly in the September quarter across iPhone, Mac, and iPad, while Q3 gross margin got a roughly 2-percentage-point benefit from one-time tariff refunds. The primary risk is a China revenue reversal that would undercut the growth story entirely.
Evercore Survey Points to Stronger-Than-Expected iPhone Upgrade Cycle for Apple
Evercore ISI told investors that its latest consumer survey points to a stronger-than-expected iPhone upgrade cycle for Apple, with pricing set to provide a sizable tailwind. The firm's annual survey of nearly 4,000 consumers indicated a better-than-expected refresh cycle led by the newest models, and Evercore said pricing could rise more than 20% on higher list prices, pricier models and a shift toward larger memory configurations. The firm wrote that Pro Max remains king, with 53% of respondents planning to buy the iPhone 18 Pro or Pro Max and 32% specifically eyeing the Pro Max, up from 29% a year ago, while demand for the new foldable iPhone Duo looked more subdued at 14% ahead of its mid-October launch. Upgrades are increasingly driven by aging devices, with 67% of respondents citing an old iPhone, up from 48% last year, and as consumers gravitate toward higher memory tiers and Apple rolls out 2-terabyte Pro and Duo models, Evercore sees average selling prices rising about 28%. The firm also flagged stronger interest in wearables, with Apple Watch purchase intentions at 38% and AirPods at 43%, both up on last year, and while it cautioned the survey is U.S.-specific, it said demand appears modestly ahead of last year and points to upside to fiscal 2027 revenue versus Street estimates of about 7% growth, keeping its outperform rating and raising its target to $380.
Dell Technologies Earns Zacks Rank #1 as Earnings Estimates Surge
Dell Technologies has been named a Zacks Rank #1 (Strong Buy), driven by sharply rising earnings estimate revisions. The company is expected to post earnings of $6.64 per share for the current quarter, a year-over-year change of +156.4%, with the Zacks Consensus Estimate rising +49.7% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $25.34 points to a change of +146% from the prior year, while the next fiscal year's estimate of $29.46 indicates a +16.3% change. Revenue forecasts are equally robust: the consensus sales estimate for the current quarter of $50.89 billion indicates a year-over-year change of +88.4%, and for the current and next fiscal years, estimates of $195.95 billion and $231.46 billion indicate +72.6% and +18.1% changes, respectively. In its last reported quarter, Dell posted revenues of $46.97 billion, a year-over-year change of +57.7%, and EPS of $7.04 versus $2.32 a year ago, beating the Zacks Consensus Estimate of $45.34 billion by +3.6% on revenue and by +41.65% on EPS. Despite the strong momentum, Dell is graded D on the Zacks Value Style Score, indicating it is trading at a premium to its peers.
AMC Robotics Signs $50 Million Standby Equity Deal to Speed Factory Commissioning
AMC Robotics Corporation announced it has entered into a $50 million standby equity purchase agreement, with an institutional investor loaning the company $3.88 million in exchange for convertible promissory notes funded in two tranches. Under the agreement, AMC Robotics has the right but not the obligation to issue and sell up to $50 million in aggregate gross purchase price of newly issued common stock, subject to conditions including that a registration statement covering resale of the shares be filed and declared effective by the SEC. The company cannot draw on the funds, and the common stock may not be sold, until that registration statement is declared effective. The notes mature one year after issuance and may be repaid in shares at the lower of $4.017 per share or 92% of the lowest daily VWAP over the 5 consecutive trading days preceding the payment date, with the company holding the right to prepay in cash plus a 6% prepayment premium on the outstanding principal being prepaid. Net proceeds are expected to fund the buildout and production line commissioning of the company's robotic manufacturing facility, targeted for completion by November 2026, which Chief Executive Officer Sean Da said should allow production to start ahead of the original schedule.
Apple has raised prices across its entire flagship iPhone lineup by $100, with the new foldable iPhone Duo starting at $1,999, as preorders that began Sept. 12 give way to in-store availability today. US carriers Verizon, T-Mobile, and AT&T have increased their iPhone incentives, according to analysis by Bank of America's Michael Funk, with maximum trade-in credits for the iPhone 18 Pro Max rising to $1,200 from $1,100 for the iPhone 17 Pro Max and $1,000 for the iPhone 16 Pro Max, while the iPhone 18 Pro also carries a $1,200 trade-in credit. Those savings are offset by an activation fee of $35 to $40, tax on the device's full retail price, and an additional $150 for an AppleCare+ plan. In a scenario where a customer trades in a phone qualifying for the highest credits, Funk says the initial cost comes to $291 to $296 for the iPhone 18 Pro and $400 to $405 for the iPhone 18 Pro Max. Funk said he expects a strong iPhone cycle on higher average selling prices and Duo uptake, adding that Siri AI should drive increased interest in upgrades.
Apple Challenges Secret UK Order Demanding iPhone Encryption Backdoor
Apple is contesting a covert UK government order that would require an encryption backdoor for iPhones, filing a legal challenge that seeks public acknowledgment of the directive and an end to related gagging rules. The company argues that weakening iPhone encryption for UK authorities could affect device security standards for users globally, reinforcing its long-running pitch on privacy and device-level trust. The practical test comes with the Investigatory Powers Tribunal process in the UK and any follow-on legislation or guidance that emerges from it. Investors are watching whether Apple discloses material changes to encryption architecture, new compliance costs, or explicit legal constraints in future UK or EU-focused risk disclosures and earnings commentary.
IonQ Shares Jump 10.1% on Synopsys Quantum Simulation Research
IonQ shares jumped 10.1% in the afternoon session after the quantum computing company announced joint research with Synopsys showing that quantum algorithms accelerated industrial design simulations by up to 14.6%. According to a company press release, the work embedded an advanced quantum algorithm into Synopsys's Ansys LS-DYNA simulation software to reorganize equations more efficiently and cut calculation time for complex automotive and jet-engine simulations. IonQ said the approach helps relieve computational bottlenecks that slow classical supercomputers, and the joint paper earned a first-place Best Paper Award at IEEE Quantum Week 2026. The stock is down 13.5% since the beginning of the year, and at $40.47 per share it is trading 50.7% below its 52-week high of $82.09 from October 2025. The previous big move came 8 days earlier, when the stock dropped 4.4% after Mizuho Securities analyst Vijay Rakesh lowered his price target to $52 from $61 while maintaining a Buy rating following the company's Analyst Day.
Zacks: Memory Shortage Far From Over, Micron and Sandisk Seen Extending Gains
The global memory shortage is far from over and may drive further upside for Micron Technology and Sandisk Corporation, according to a Zacks Investment Research analysis. TrendForce data cited in the report show regular DRAM contract prices jumped about 90%–95% in the first quarter of 2026, another 58%–63% in the second quarter, and are on track for a further 13%–18% increase in the third quarter, lifting a $1 DRAM chip to roughly $3.50, while NAND flash is up about 3x over the same stretch. IDC expects 2026 supply growth of only about 16% for DRAM and 17% for NAND, well below what AI demand requires, and new fabs from SK Hynix, Micron and Samsung are not expected to meaningfully add output until mid-to-late 2027 or later. Micron's fiscal Q3 revenue reached $41.5 billion, up from $9.3 billion a year ago, with gross margin of roughly 85% and adjusted EPS of $25.11, and management guided fiscal Q4 to roughly $50 billion in revenue, an 86% gross margin and approximately $31 in EPS ahead of its September 30 report. Sandisk's fiscal fourth-quarter revenue reached $8.97 billion, up 51% sequentially, with adjusted EPS of $39.25, and it guided fiscal Q1 to $10.3 billion to $10.8 billion in revenue and adjusted EPS between $44 and $46, with management saying the total NAND market could exceed $300 billion in 2026.
IonQ Shares Jump 9.5% on Quantum Design Breakthrough With Synopsys
IonQ stock jumped 9.5% through 12:30 p.m. ET Thursday after the company announced a new quantum computing breakthrough developed with Synopsys. IonQ said it worked with Synopsys to integrate quantum algorithms into mainstream engineering software, accelerating industrial design work such as complex car and jet engine simulations by up to 14.6%. The company said larger-scale simulations like virtual crash tests and aerodynamic analysis require significant compute resources to solve systems of equations containing hundreds of millions of variables, and that quantum computing can speed up testing by solving many variables simultaneously. IonQ added that quantum methods can also identify which calculations need not be solved at all, further optimizing the workflow. The press release did not mention any specific revenue benefit for IonQ, which remains unprofitable and is expected to stay so for the foreseeable future.
Apple Faces £2 Billion UK Lawsuit Over App Tracking Transparency Rules
Apple is facing a £2 billion ($2.7 billion) lawsuit filed at London's Competition Appeal Tribunal on behalf of app developers, alleging its App Tracking Transparency feature imposed stricter consent requirements on third-party apps than on Apple's own advertising services. The suit is led by Ann Pope, a former senior official at Britain's Competition and Markets Authority, and follows a pattern of European regulatory action against the same feature, including fines in France and Italy and a Germany-ordered redesign of Apple's consent prompts. It also comes months after a separate UK tribunal ordered Apple to pay roughly £1.5 billion over App Store commissions. Apple disputes the allegations and says its App Tracking Transparency rules apply equally to all developers, and the claim must still proceed through the Competition Appeal Tribunal before any judgment. The case adds to scrutiny from regulators in Germany, France, Italy and Poland, and a ruling against Apple could pressure its advertising business and set a precedent for challenges to its control over its app ecosystem.
Apple Asks Tribunal to Lift Gag on Secret Home Office iPhone Backdoor Order
Apple has asked the Investigatory Powers Tribunal to lift restrictions that bar the Home Office from confirming it secretly ordered the company to build a "backdoor" into iPhones. The US technology giant, joined by human-rights organisations Liberty and Privacy International, argued at a case-management hearing on Thursday that confirming the order's existence would let the legal challenge be heard in public. The Home Office ordered Apple last year to break the encryption protecting iPhone users' iCloud accounts, which hold photos, files, contacts and messages, even when users have enabled the most advanced protection features. Apple has refused, saying it would never build a way to break its own encryption, and has instead removed its "Advanced Data Protection" feature for everyone in Britain. Daniel Beard KC, for Apple, said lifting the restrictions would allow "facts to be deployed in the open"; Ben Jaffey KC, for the campaign groups, called the secrecy "farcical" and the "emperor's new clothes", while Neil Sheldon KC, for Home Secretary Shabana Mahmood, said departures from "neither confirm nor deny" inevitably weaken its effectiveness. The three-person tribunal, led by its president Lady Carmichael, did not rule. The order was first issued early last year by then home secretary Yvette Cooper, dropped under pressure from the Trump administration, and replaced by a second order applying only to people in Britain.
Everpure Raises FY27 Revenue Guidance to $5.03-$5.07 Billion
Everpure lifted its fiscal 2027 revenue guidance to $5.03-$5.07 billion from a prior range of $4.41-$4.51 billion, with the $5.05 billion midpoint matching the Zacks Consensus Estimate. The company also raised its expected adjusted operating income growth rate to 48-51% from 29-36%. On Aug. 10, 2026, Everpure announced a design win and signed a supply agreement with the second top-five hyperscaler for its hyperscale products, a deal expected to generate substantial revenues in fiscal 2028 and beyond; hyperscale product deployments carry margins of 75-85%. In the first quarter of fiscal 2027, the company added 275 new customers and 223 logos in its commercial business, with Fortune 500 penetration at 64%, and Evergreen//One's total contract value reached a $1-billion run rate for fiscal 2027. Everpure stock has gained 34.3% over the past six months, outpacing the industry's 11.2% decline, and carries a Zacks Rank #3 (Hold).
NetApp Named Official Partner of Tampa Bay Buccaneers
NetApp has been named an official partner of the Tampa Bay Buccaneers, expanding its existing relationship with the National Football League, for which it already serves as the Official Intelligent Data Infrastructure Partner. Under the new partnership, the Buccaneers will use NetApp Keystone, a subscription-based service providing performance, intelligent data management and high availability across data centers and cloud environments, to support the fan experience at Raymond James Stadium on game days and across the team's digital platforms. Buccaneers chief commercial officer Atul Khosla said reliable and secure access to data is an important part of the game-day experience. The deal follows the Buccaneers' first regular-season game of the 2026 season against the Cincinnati Bengals on Sept. 13. On its first-quarter fiscal 2027 earnings call, NetApp said it closed approximately 350 AI and data lake modernization deals during the quarter, and it also signed a significant agreement with Samsung Electronics to support its EDA environment and AI Center of Excellence.
IBM Wins $1 Billion CHIPS Award as IonQ Reports Quantum Optimization Progress
IBM and IonQ shares rallied Thursday on separate quantum computing developments. IBM's Anderon subsidiary finalized a $1 billion award from the U.S. Department of Commerce under the CHIPS and Science Act, funding research and development at a 300-millimeter quantum wafer facility in Albany, New York, with IBM committing another $1 billion to the project. IonQ, working with NVIDIA, Oak Ridge National Laboratory and the University of Tennessee, developed a generative AI method for producing quantum optimization circuits that maintained a roughly 28-second generation time across tested problem sizes. The two developments mark separate areas of industry progress, with IBM expanding quantum manufacturing capacity while IonQ focuses on reducing computational demands in quantum optimization.
Seiko Epson has issued a new ¥20 billion unsecured green bond to fund projects aligned with its environmental goals. The climate bond structure ties the funding to specific sustainability uses such as energy efficiency and lower-impact production facilities, and the issuance adds to the growing pool of ESG-focused financing options available to Japanese industrial issuers. The bond is a straight bond priced at 100% and tagged to climate uses, so it looks like regular corporate debt in structure but is ringfenced in purpose. For investors, the key point is that Seiko Epson is choosing the ¥20 billion unsecured green bond instead of tapping shareholders, which keeps ownership unchanged while lifting gross borrowings. The detail to watch is how the bond shows up in the next couple of reporting cycles, once Seiko Epson discloses its updated net debt position, green project allocation and any change in interest expense.
Samsung Deepens AI Chip Push With Mistral AI and ASML Deals
Samsung Electronics agreed a new collaboration with Mistral AI to deploy advanced on-premises AI models in chip manufacturing, and expanded its partnership with ASML to include High NA EUV lithography for future memory and logic production lines. The company plans to use these AI and High NA EUV tools to support precision, security and efficiency in its semiconductor operations. Samsung runs a broad hardware and components portfolio across consumer devices, IT and mobile, and chipmaking, so tighter links with specialist AI model developers and lithography equipment suppliers speak directly to how its device solutions arm positions itself within global semiconductor supply chains. The move strengthens the Samsung Electronics Narrative catalyst around tight memory supply and HBM4E demand, while closer cooperation with ASML on High NA EUV and 12 inch photomasks leans into the heavy R&D and capex risk already flagged, since each new generation of tools can lift capital intensity and execution pressure in fabs. Investors should watch how Samsung describes AI enabled yield, defect detection and High NA EUV deployment progress in its next few quarterly disclosures, especially any 2027 to 2028 updates tied to planned High NA introduction in DRAM high volume manufacturing.
HPE Expands Oracle AI Data Center Deal and Signs Tottenham Hotspur Project
Hewlett Packard Enterprise expanded its global AI infrastructure partnership with Oracle, bringing HPE Juniper Networking into Oracle AI data centers, and separately agreed to a large-scale digital modernization project with Tottenham Hotspur Football Club focused on stadium hybrid cloud and AI infrastructure. Both collaborations highlight new client deployments for HPE across AI data centers and digitally enabled sports venues. The Oracle expansion supports the view that Juniper networking widens HPE's role in AI-centric data centers, where Cisco and Arista are key rivals, and shows Juniper integration moving into multi-year deployments. The Tottenham project reinforces HPE's GreenLake and as-a-service infrastructure business by turning a complex, multi-site venue into a single hybrid cloud environment. The article does not answer how far HPE can shift its overall revenue mix away from legacy servers toward these recurring, software-rich contracts.
Super Micro Slips as Investors Look Past 194% Revenue Growth Estimate
Super Micro Computer Inc. shares slipped 3.1 percent to $35.62 in the previous trading session and are down around 4 percent over the past month, even as analysts project massive growth for the server maker. Analysts estimate Supermicro will report quarterly revenue of $14.77 billion, a roughly 194% increase from a year earlier, with earnings of $1.06 a share, up more than 200%. For the full fiscal year, the Street sees $67.12 billion in revenue, up roughly 72%, and earnings of $4.43 a share. Despite those numbers, Supermicro's price-to-forward earnings ratio sits around 8.3, below the industry average of about 10.9, and its PEG ratio of 0.63 is well under the industry average of 1.44. The coming earnings report will test whether those sales gains can translate into the earnings and performance investors want to see.
Apple Weighs Enterprise AI Servers Using M-series Ultra Chips and Nvidia Networking
Apple is considering building enterprise servers powered by its M-series Ultra processors, according to The Information, potentially pairing those chips with networking equipment from Nvidia. The servers would reportedly be sold to businesses rather than used only inside Apple's own data centers, putting two very different chip strategies inside the same machine. Apple has spent years designing processors to reduce its dependence on outside suppliers, while Nvidia has become the backbone of much of the AI data-center market. Such a move would push Apple silicon beyond Macs, iPhones and its own computing ecosystem into the larger enterprise infrastructure market, where it would compete more directly with Dell, Hewlett Packard Enterprise and Supermicro. The project is still under consideration, so there is no guarantee Apple moves forward.
Apple Develops M8 Ultra AI Server, Talks to Nvidia on NVLink
Apple is developing an enterprise AI server built around its own M8 Ultra chips for a 2029 launch and has held talks with Nvidia about using its NVLink Fusion interconnect to link those chips, The Information reported. The server would come in two configurations, one pairing two M8 Ultra chips and one pairing four, aimed at AI developers, businesses and governments, and some Apple engineers consider NVLink Fusion the best available connectivity option. The platform bundles switches, chiplets and software so chips from different vendors can communicate at high speed, and Nvidia earns roughly a fifth of its data center revenue from networking gear. Mac was Apple's fastest-growing segment last quarter, with revenue up nearly 29% to $10.4 billion on unexpected demand from AI developers buying Mac mini and Mac Studio units, creating supply shortages. New chief executive John Ternus backed the server project when it started about a year ago, while running hardware engineering.
Lenovo and MemryX Sign Saudi Edge AI Memorandum Tied to Vision 2030
Lenovo Group and MemryX signed a memorandum of understanding to expand sovereign edge AI solutions in Saudi Arabia, supporting the country's Vision 2030 program through secure, large-scale deployment of AI at the edge. The two companies already have live edge AI deployments in the country, which form the base for a wider national rollout. Lenovo Group, a HK$419.3 billion hardware and services player, is using the Saudi push to lean further into infrastructure-grade computing rather than just end-user devices, a tilt that lines up with the bull case that its Infrastructure Solutions Group can become a larger, more profitable pillar alongside PCs. The bear-side concern is that heavy AI and infrastructure investment could weigh on profitability if these deployments stay narrow or prove costly to scale, making future disclosures on the Saudi and broader Middle East projects the practical test, with a key focus on whether the Infrastructure Solutions Group moves closer to break-even as the edge deployments expand across more clients and use cases.
Super Micro's $60 Billion Backlog and 78% Q4 Beat Support $60 Target
Super Micro Computer is trading at roughly 8x FY2027 consensus EPS even after booking over $60 billion in new orders in FY2026, with 70% of that backlog pure AI, according to an analysis arguing the stock can reach $60 per share by 2027. The company's FY2027 EPS estimate has jumped to $4.3382 from $3.2707 ninety days ago, with 16 upward revisions in the trailing seven days and zero cuts in the past 30, while FY2028 estimates climbed to $5.3259 from $3.7091 three months ago. Q4 non-GAAP gross margin snapped back to 17.6% and non-GAAP operating margin hit 14.3%, driving Q4 non-GAAP EPS of $1.70 against a $0.9575 estimate, a 77.55% beat. Unlike NVIDIA, which designs the chips, Supermicro builds the full AI factory around them, including rack-scale servers, direct liquid cooling, switches, storage, and deployment services, with CEO Charles Liang describing it as a one-stop shop targeting over 6,000 racks per month of global capacity. Wall Street's consensus one-year price target still sits at $42.38 with ratings skewed to 11 Holds versus 5 Buys and 3 Sells, and reaching $60 would require roughly 68% upside from the current $35.64.
Apple Considering Nvidia Technology for Enterprise AI Server Development, Report Says
U.S. media outlet The Information reported on the 16th, citing people familiar with the matter, that Apple is considering re-entering the enterprise server market through the development of artificial intelligence servers that combine its own chips with the networking technology of semiconductor giant Nvidia. According to the report, Apple is developing an AI server that may be equipped with two or four of its next-generation M8 Ultra chips, and is considering adopting a technology called NVLink Fusion from Nvidia to connect the M8 chips to one another. The server is expected to be launched in 2029 or later, though the plan could be canceled or the product could be released without adopting Nvidia's technology. The move suggests Apple is stepping up its push into the AI infrastructure sector.
Apple develops M8 Ultra AI servers, in talks with Nvidia on NVLink Fusion
Apple is developing an enterprise AI server built around its own M8 Ultra chips, targeting a 2029 launch, and has held talks with Nvidia about using the chipmaker's NVLink Fusion interconnect platform to link those chips together, The Information reported Wednesday. The planned server would come in two configurations, one pairing two M8 Ultra chips and one pairing four, and would target AI developers, businesses and governments. Some Apple engineers on the project believe Nvidia's NVLink Fusion, which bundles switches, chiplets and software so chips from different vendors can communicate at high speed, is the best available connectivity solution, though the product could still be cancelled and neither company has publicly confirmed the talks. New Apple CEO John Ternus, who took the helm earlier this month, backed the server project at its inception roughly a year ago while leading Apple's hardware engineering division, and his continued support is seen as a key reason the project has momentum. The effort follows Mac's run as Apple's fastest-growing product segment in its most recently reported quarter, with revenue surging nearly 29% to $10.4 billion on unexpected demand from AI developers buying Mac mini and Mac Studio units, a surge that created acute supply shortages and exposed the limits of consumer-grade hardware for enterprise AI workloads.
IonQ Posts Fifth Straight Record Quarter, Guides 2026 Revenue to $280-290 Million
IonQ reported its fifth consecutive record quarter, with second-quarter 2026 adjusted EBITDA of negative $120.3 million, and raised its full-year 2026 revenue guidance to $280 million to $290 million. Days before those results, the company closed a $1.8 billion purchase of SkyWater, and at its September 2026 Investor Day management guided combined 2026 revenue to $450 million to $460 million. Trailing twelve-month revenue is about $250 million, up 370.6% from a year earlier against a three-year average growth rate of 176.4%, while the operating margin stands at -408.2%. IonQ is moving its trapped ion machines from laser control to electronic qubit control, placing ion traps on a semiconductor chip that SkyWater fabricates, with the first fully integrated chips back for testing as the company targets system commissioning in 2027. The stock trades at about $37, roughly 55% below its high inside the last year, and at about $14 billion of market value it commands roughly 54 times its own trailing revenue, which does not include SkyWater.
One Stop Systems Wins $400,000 Missile Defense Award From U.S. Defense Prime
One Stop Systems has received an approximately $400,000 award from a leading U.S. defense prime contractor for advanced modeling and simulation of U.S. missile defense systems in support of the U.S. Missile Defense Agency. The award covers the company's latest generation 4UP Max PCIe expansion platform configured with eight NVIDIA RTX PRO 6000 Blackwell GPUs, marking the first deployment of this configuration with the customer. OSS said the system is intended to provide a significant compute technology upgrade for advanced missile defense modeling and simulation workloads. President and CEO Mike Knowles said the award demonstrates the value of the company's latest-generation computing platforms for some of the defense industry's most demanding simulation workloads and validates its ability to support critical national defense applications. OSS said it is seeing increased demand for high-end simulation environments and believes these trends are creating additional opportunities across missile defense and other advanced defense applications, including next-generation homeland missile defense architectures and fifth- and sixth-generation platform performance modeling.
Apple Launches First Foldable iPhone Duo Under New CEO John Ternus
Apple unveiled its first foldable iPhone, the iPhone Duo, on September 9, starting at $1,999 with preorders opening October 16 and availability beginning October 23. The device pairs a 5.4-inch outer display with a 7.6-inch folding inner screen and runs on the A20 Pro chip manufactured by Taiwan Semiconductor. The launch comes as Apple enters a new era under CEO John Ternus, who took the helm on September 1 as longtime leader Tim Cook stepped down after 15 years as CEO to become executive chairman. Apple's fiscal third-quarter revenue increased 16% year over year to $109.4 billion, with iPhone, Mac, and Services each delivering double-digit growth. Siri AI began rolling out in English-language beta on September 14, underpinned by a multiyear collaboration with Alphabet's Google Gemini technology and a separate OpenAI partnership integrating ChatGPT into Siri and Writing Tools. Apple stock trades around $330 a share, roughly 4% below its 52-week and all-time high, at 38X fiscal 2026 consensus earnings estimates of $8.85 per share and 35X FY27 EPS estimates of $9.53, and currently holds a Zacks Rank #3 (Hold).
Rapoo Technology's controlling shareholder plans to transfer 5% stake by agreement for 228 million yuan
Rapoo Technology announced on September 16 that its controlling shareholder Hotkey Electronics signed a share transfer agreement with Gaoyi Kaihua, planning to transfer 14.0344 million unrestricted tradable shares at 16.28 yuan per share, representing 5% of the company's total share capital, for a total consideration of 228 million yuan. This share transfer does not trigger a mandatory tender offer, does not involve a related-party transaction, and will not result in a change of the company's controlling shareholder or actual controller. The transferee has committed not to transfer the acquired shares within 12 months. The transaction still needs to pass Shenzhen Stock Exchange compliance review and depository and clearing registration procedures, and there is uncertainty.
Rapoo Technology's controlling shareholder plans to transfer 5% stake via agreement for 228 million yuan
Rapoo Technology announced on September 16 that its controlling shareholder, Hotkey Electronics, signed a Share Transfer Agreement with Shanghai Gaoyi Private Fund Management Co., Ltd. Hotkey Electronics intends to transfer 5% of its shares in the company to the transferee, which is Shanghai Gaoyi Private Fund Management Co., Ltd. acting on behalf of the Gaoyi Kaihua Runlei No. 1 Private Securities Investment Fund it manages, namely Gaoyi Kaihua. The total consideration for this share transfer is 228 million yuan. The announcement stated that this transfer will not result in a change in the company's controlling shareholder or actual controller.
Rapoo Technology's controlling shareholder Hotkey Electronics plans to transfer 5% stake, cashing out 228 million yuan
Rapoo Technology announced on September 16 that its controlling shareholder, Hotkey Electronics Hong Kong Limited, plans to transfer 14.03 million unrestricted tradable shares of the company to Shanghai Gaoyi Private Fund Management Co., Ltd. The transferred shares account for 5% of the company's total share capital, at a transfer price of 16.28 yuan per share, with the total transfer price amounting to 228 million yuan. After this agreement-based transfer, Gaoyi Kaihua will become a shareholder holding more than 5%, while Hotkey Electronics' shareholding will drop to 53.34%. After the transfer, the transferee undertakes not to transfer the acquired shares within 12 months. In the first half of 2026, Rapoo Technology achieved revenue of 229 million yuan and net profit attributable to the parent company of 14.92 million yuan.
Rapoo Technology's controlling shareholder plans to transfer 5% stake via agreement at 16.28 yuan per share
Rapoo Technology announced that its controlling shareholder Hotkey Electronics signed a Share Transfer Agreement with Gaoyi Kaihua, planning to transfer 14.0344 million unrestricted tradable shares at 16.28 yuan per share, representing 5% of total share capital, for a total consideration of 228 million yuan. This transfer does not trigger a mandatory tender offer, does not involve a related-party transaction, and will not result in a change of controlling shareholder or actual controller. The transferee undertakes not to transfer the acquired shares within 12 months. This transaction still requires compliance review by the Shenzhen Stock Exchange and transfer registration with China Securities Depository and Clearing Corporation, and remains subject to uncertainty.
Sandisk Refinances Revolving Credit Facility With Up to US$1.5b Capacity
Sandisk has signed a fresh amendment to its loan agreement that refinances its revolving credit facility and locks in up to US$1.5b in flexible borrowing capacity. The move reshapes the company's balance sheet as its share price has cooled, with a 7 day share price return down 11.9% and a 90 day share price return down 21.9%, even as its 1 year total shareholder return remains very large after a sharp run up earlier in the year. Against a last close of $1,530.90, the most followed narrative for Sandisk points to a fair value of about $2,126, framing the recent pullback as a valuation gap, while the SWS DCF model estimates a future cash flow value of about $1,206.91 per share, suggesting the stock trades above that fair value. The bullish narrative leans heavily on tight NAND supply and very strong AI demand, so any oversupply or slower data center spending could quickly test the story.
Jim Cramer Says Apple's New Foldable iPhone Duo Could See "Off The Charts" Demand
Jim Cramer said on the September 11 episode of Mad Money that demand for Apple's new Duo foldable iPhone could be "off the charts," calling the stock's run after a solid product introduction "unusually terrific" and saying it still has more to go. The comments came after Apple reported fiscal third-quarter 2026 revenue of $109.4 billion, up 16.4% year-over-year, with diluted earnings per share up around 29% to $2.02. iPhone revenue reached $54.25 billion on double-digit expansion in every geographic segment, Services revenue hit a record $30.74 billion, operating cash flow was $34.4 billion and gross margins reached 50.1%. The iPhone Duo foldable enters a high-growth premium device category and could help expand Apple's active installed base of over 2.5 billion devices, though the company trades at 34.72x forward earnings and faces yield and component bottleneck risks in flexible display panels and custom hinge assemblies, plus memory price pressure and Greater China sensitivity. According to Insider Monkey's tracking of more than 1000 hedge funds, 169 hedge funds held a stake in the company in the second quarter versus 170 in the prior quarter, while the short percent of float sits at 0.96%.