Daily Alpha · X
· Premarket Alpha · by Buzzberg Research
The strongest X material separated durable infrastructure demand from expectation, backlog, and delivery risk, while preserving one fresh disclosed purchase.
Themes on this desk
Memory expectations
Long contracts improve visibility, but a dissenting trader sees slower acceleration overwhelming the current print.
Optical execution
CPO revenue is starting, while long customer order horizons lower confidence in headline backlog.
Power before compute
Grid-connected capacity and reliable energization dates are becoming more valuable than undeveloped data-center plans.
Ticker heat
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Top voices by smart followers and alpha score
Market Radar →0xkyle__ is avoiding memory despite the strong print
0xkyle__ said the semiconductor-dispersion view still favors avoiding memory, arguing that slower rate of change matters more than strong absolute numbers.
- Sticking with the semis dispersion view. Main reason I'm avoiding memory. - SNDK:
High expectations can overwhelm excellent current fundamentals.
Watch SanDisk guidance revisions and whether memory leadership broadens or fades.
Source →Grid-connected power is hyperscalers' preferred path
TheValueist's Talen call review quoted management describing grid power as customers' primary preference, with existing generation and interconnection becoming more valuable.
described grid power as “the primary preference of our customers.” Management further argued that combining existing baseload energy with new
Power availability can determine when data-center capital becomes revenue-producing compute.
Watch New grid-connected contracts, energization dates, and PJM capacity pricing.
Source →AltayCap rotated into Sun A Kaken
AltayCap said a small amount of Showa Paxxs was sold and more Sun A Kaken was bought after the relative move.
I sold a tiny bit and bought a bit more of Sun A Kaken (4234.T) which owns a big chunk
The trade expresses value through Sun A Kaken's ownership exposure rather than chasing Showa Paxxs directly.
Watch Sun A Kaken's revised operating-profit outlook and the value of its Showa Paxxs stake.
Source →VIAVI says CPO revenue begins this quarter
A post quoting VIAVI CEO Oleg Khaykin said CPO revenue starts this quarter and should accelerate in December despite acknowledged yield issues.
"Getting some this quarter and probably in December, it will start accelerating."
The optical build is moving from design discussion toward production revenue.
Watch CPO revenue in the current quarter and acceleration in December.
Source →SanDisk disclosed long-duration contracted demand
Sravan Kundojjala reported $94 billion of new-business-model value at floor pricing, with more than half of FY27 planned bits covered.
$94B contracted value of NBMs at floor price - NBMs to cover >50% of bit coverage in FY27 and 2/3rd
Contracts can reduce the cyclicality of NAND cash flows even when the earnings bar is demanding.
Watch Contract coverage, deposits, floor pricing, and FY27 bit shipments.
Source →