Daily Alpha · X
· Post-Market Alpha · by Buzzberg Research
X spent the day on Marvell's investor day and Penguin's earnings, while Jukan flagged a spike in B200 prices.
Themes on this desk
Penguin print
CK Capital and Finn Stockinger posted Penguin's beat and raised FY27 guide, with six new AI infrastructure customers in the quarter.
Optics pricing
pequityresearch reports Lumentum is negotiating laser supply agreements for CY28 and CY29 and still sees potential price jumps, while Lightmatter indicated CPO adoption timelines are moving toward 2028-30.
Ticker heat
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Top voices by smart followers and alpha score
Market Radar →B200 prices are skyrocketing 👀👀 https://t.co/rGX6r9Opk9
B200 prices are skyrocketing 👀👀 https://t.co/rGX6r9Opk9
B200 prices are skyrocketing 👀👀 https://t.co/rGX6r9Opk9Source →
My photonics fund is getting lit up today with its $1.4M $CIEN allocation.
The stock is flying 10% today because $MRVL's investor day presentation attributed a guidance raise to connectivity (including from 1.6T DSPs) that indicates higher scale-across demand for $CIEN. The stock is up 34% since @AsymmetricBets_ said the September earnings reaction "went too far". 2600+ investors hold this name with me as a 7% weighting in my Photonics Is Next portfolio on @joinautopilot, with $19M AUM.
My photonics fund is getting lit up today with its $1.4M $CIEN allocation.Source →
$MRVL (Bloomberg) -- Marvell Technology shares rise as much as 11%, the most intraday since late August, after the company raised its…
…revenue guidance for fiscal year 2028 to $20 billion, topping the average analyst estimate. “We expect approximately $20 billion in total company revenue in FY28, representing about 67% year over year growth,” Chief Executive Officer Matt Murphy told attendees at the company’s Investor Day conference Company had guided for about $18 billion during its August earnings callAnalysts had estimated about $18.2 billion for the period Sees data center revenue growing about 80% in FY28 Sees custom revenue for FY29 reaching more than $12 billion “putting us well above our prior $10 billion target” To view the source of this information, click here Quoting @thevalueist: AI CONFERENCES AND INVESTOR DAYS, TUESDAY, OCTOBER 6, 2026 TODAY AlphaSense AlphaSummit 2026 Mon Oct 5-Wed Oct 7, The Glasshouse, New York AlphaSense's annual summit on decision-grade AI: keynotes, live product demos, customer…
$MRVL (Bloomberg) -- Marvell Technology shares rise as much as 11%, the most intraday since late August, after the companySource →
$PENG strong Q4 and a higher FY2027 outlook.
Revenue was $567M (+68% YoY), about 12% above the $508M implied by the previous guide. Adjusted EPS was $1.00 (+133%). FY2027 guidance now calls for $2.43B in revenue and $4.45 in adjusted EPS up 40% and 55%, respectively. What interests me most is the customer expansion: six new AI infrastructure customers in Q4, four of them neoclouds. One selected Penguin to deploy and operate a 36,000-GPU AI factory in Norway. Across FY2026, twelve customers expanded their business with the company. That matters because Penguin’s opportunity extends beyond installing hardware to managing those systems once they’re running. The concern is cash. Inventory rose 50% QoQ to $749M, while operating cash flow was negative $163M. I previously thought the strongest acceleration might be behind us. I’m revisiting that view, but I still want management to explain how much inventory is committed to customer…
$PENG strong Q4 and a higher FY2027 outlook.Source →
Have to wonder if the price floors in these memory deals are really a last-ditch cash grab $MU $SKHY Micron's main contracts run through…
…2030 with both a ceiling and a floor that guarantees gross margins above their old 61% peak, per Bloomberg SK Hynix's deal with Microsoft reportedly includes a floor, via Korea Economic Daily, and their new contracts drop the ceiling, per TrendForce So why might this be a last-ditch effort? Samsung's former chip chief warned in May the expansion of Chinese memory makers could trigger a supply surge by early 2028 US export controls block China's CXMT from the most advanced chipmaking tools, which could raise their costs, per Tom's Hardware. But after an $8.6 billion IPO in July, CXMT is building fabs that could double their output, per Reuters Asus, Acer, and HP have already begun shipping DRAM from CXMT in a few laptops sold outside the US, via Nikkei Asia $2357.TW $2353.TW $HPQ
Have to wonder if the price floors in these memory deals are really a last-ditch cash grab $MU $SKHY Micron'sSource →