Daily Alpha · X
· Midday Alpha · by Buzzberg Research
X focused on a move into hyperscalers as neoclouds fell after the midterms, alongside Arista's early 2027 guide and Treasury's refunding signal.
Themes on this desk
Hyperscaler rotation
Amazon rose 7% and Microsoft 5.7% in early trade while neoclouds fell premarket; @paradislabs argued owners of powered compute benefit if Democratic opposition to data-center development acts as an overhang.
Ticker heat
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Top voices by smart followers and alpha score
Market Radar →Agility Robotics merger approved, with AGLT expected to trade from November 5
@aleabitoreddit says about 61.48% of the 41.4M public shares were redeemed, leaving about 15.95M tradeable, warns the stock may be very volatile, and disclosed buying CCXI shares after the news.
I knew about clean energy and healthcare… but apparently Democrats winning were positive for humanoids too?
@aleabitoreddit calls it the first US pure-play humanoid company, backed by NVDA, AMZN, Foxconn and Softbank.
Watch AGLT's first trading day on November 5.
Source →JPMorgan says memory EPS cuts are unlikely in the next six months
A JPMorgan memory update posted by @paradislabs says the market anticipates a memory downcycle as early as 1H27, but EPS cuts are unlikely in the next six months because the supply-demand gap is too wide to narrow quickly and LTAs and prepayments buffer earnings.
JPM Memory Market Update: The order visibility is extending as we progress through the year, but we believe the market
JPMorgan remains overweight across its coverage and ranks SK hynix ahead of Samsung and Kioxia over the next three months.
Watch Memory EPS revisions over the next six months.
Source →33 local measures restricting data centers passed or are leading
@daniel_koss notes Texas's new Democratic governor wants a moratorium on new data centers, cites Wells Fargo that 27% of planned US data-center gigawatts are in Texas, and says only one pro-build measure won.
US midterms impact on AI infra stocks: Not simply good or bad for AI. It changes winners and losers!
Koss argues capacity that is already powered and permitted just got pricing power, naming Nebius for its zero Texas exposure.
Source →Arista guided 2027 revenue to about $18.5B, up 38-40%
Arista expects AI networking to go from $3.5B to about $7B, now has 100+ AI customers versus 4-5 three years ago, and forecasts more than 10 GW of deployments by end-2027 across 10+ accelerator types.
$ANET earnings Jayshree Ullal: "we expect our AI fabrics target to be the fastest-growing segment and to double to approximately
Scale-across links between data centers are about 30% of AI and rising.
Watch Ethernet scale-up trials starting in 2027, with production in 2028.
Source →Treasury dropped "at least" from its duration-supply language
@ces921 reads the removal as the countdown to bigger coupon auctions, most likely beginning in 2H FY27 and concentrated in the belly.
Treasury QRA out this morning. Two words disappeared from today’s refunding statement:
@ces921 notes AI debt is migrating into the same 2s-10s sector, though Treasury says it is currently not crowding out Treasury demand.
Watch Coupon auction sizes in 2H FY27.
Source →