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Axxcess Wealth Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,911 shares of the company’s stock, valued at approximately $1,876,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $700,934,000. Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA increased its position in Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after purchasing an additional 588,987 shares during the period. Finally, Bank of America Corp DE acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $83,832,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.1% Shares of NYSE:BLDR opened at $56.88 on Friday. The stock has a 50-day simple moving average of $60.29 and a 200-day simple moving average of $71.80. The stock has a market capitalization of $6.12 billion, a P/E ratio of 12.96, a PEG ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company earned $2.38 EPS. Builders FirstSource’s revenue was down 8.8% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year. Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on BLDR shares. Truist Financial cut their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a report on Monday. BMO Capital Markets restated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Barclays lowered their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.25.

Read Our Latest Stock Report on BLDR

Builders FirstSource Company Profile (Free Report)

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.

Read More Five stocks we like better than Builders FirstSource Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR – Free Report).

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Atlatl Advisers LLC lifted its stake in Datadog, Inc. (NASDAQ: DDOG) by 65,607.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,398 shares of the company's stock after buying an additional 18,370 shares during the period. Datadog comprises

E. Ohman J or Asset Management AB purchased a new stake in shares of Carpenter Technology Corporation (NYSE: CRS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,880 shares of the basic materials company's stock, valued at approximately $731,000.

Axxcess Wealth Management LLC lessened its position in Quanta Services, Inc. (NYSE: PWR) by 46.5% in the undefined quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,125 shares of the construction company's stock after selling 1,845 shares during the quarter. Axxcess Wealth Management LLC's

Andrew Hill Investment Advisors Inc. boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 110.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,350 shares of the technology company’s stock after purchasing an additional 14,334 shares during the period. Arista Networks comprises approximately 4.5% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 8th largest position. Andrew Hill Investment Advisors Inc.’s holdings in Arista Networks were worth $5,568,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Cura Wealth Advisors LLC boosted its stake in shares of Arista Networks by 3.1% during the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after buying an additional 52 shares during the period. Affinity Capital Advisors LLC grew its holdings in shares of Arista Networks by 1.4% during the 3rd quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company’s stock valued at $817,000 after acquiring an additional 53 shares in the last quarter. Madison Wealth Partners Inc increased its stake in shares of Arista Networks by 2.8% in the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after acquiring an additional 60 shares during the last quarter. Intrua Financial LLC increased its stake in shares of Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after acquiring an additional 61 shares during the last quarter. Finally, Retirement Planning Group LLC raised its holdings in shares of Arista Networks by 1.1% during the third quarter. Retirement Planning Group LLC now owns 5,705 shares of the technology company’s stock worth $1,161,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Price Performance NYSE ANET opened at $172.34 on Friday. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41. The stock’s 50-day moving average is $196.27 and its two-hundred day moving average is $176.26. The firm has a market cap of $217.36 billion, a P/E ratio of 54.37, a price-to-earnings-growth ratio of 1.99 and a beta of 1.60.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current year. Insider Buying and Selling In other news, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $180.91, for a total value of $3,135,713.03. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at $2,347,488.16. This trade represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total transaction of $263,160.00. Following the sale, the chief financial officer directly owned 68,697 shares of the company’s stock, valued at approximately $14,769,855. This represents a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,627,449 shares of company stock valued at $741,235,386 in the last quarter. Company insiders own 2.70% of the company’s stock.

Key Stories Impacting Arista Networks Here are the key news stories impacting Arista Networks this week:

Positive Sentiment: Higher earnings outlook: Erste Group Bank raised its fiscal 2027 EPS estimate for Arista Networks to $4.79 from $4.74 and maintained a “Buy” rating. The revision reinforces the view that demand for Arista’s networking products should remain strong as cloud providers expand AI data centers. MarketBeat analyst estimate article Positive Sentiment: AI infrastructure remains a key growth theme: Analysts continue to identify Arista as a beneficiary of rising cloud-computing and artificial-intelligence infrastructure spending. The company’s high-speed networking equipment supports major cloud and AI data centers, while recent results showed strong revenue growth and earnings above consensus. Cloud computing stocks article Neutral Sentiment: Analyst comparisons remain favorable but not decisive: Recent articles compare Arista with Salesforce, Adobe and CrowdStrike, highlighting Arista’s industry-leading margins and exposure to AI infrastructure. These are opinion-based investment comparisons rather than new company catalysts. Arista versus Salesforce article Negative Sentiment: AI-fund concerns are driving volatility: Arista shares have pulled back toward prior support levels amid rumors of another AI-focused fund blowup and broader institutional selling. The speculation has not been confirmed, but it is pressuring high-growth technology stocks and increasing near-term risk. Cloud stock pullback article Negative Sentiment: Insider selling adds a modest overhang: Director Kenneth Duda sold a combined 43,333 shares worth approximately $7.8 million under a pre-arranged Rule 10b5-1 plan. Such scheduled sales do not necessarily signal deteriorating fundamentals, but they can weigh on sentiment during a pullback. SEC insider trading filing Negative Sentiment: Valuation and competitive concerns remain: TD Cowen reportedly cut its price target, while a separate bearish analysis questioned Arista’s pricing power and long-term competitive durability. With the stock trading at a premium earnings multiple, investors may be particularly sensitive to any slowdown in AI-related demand. Arista Networks bearish analysis Analysts Set New Price Targets A number of research firms recently issued reports on ANET. BNP Paribas Exane raised Arista Networks to a “strong-buy” rating in a research report on Wednesday, October 14th. Barclays reaffirmed an “overweight” rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Sanford C. Bernstein began coverage on Arista Networks in a report on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price target for the company. Jefferies Financial Group set a $250.00 price target on Arista Networks in a research note on Wednesday, August 5th. Finally, Piper Sandler restated an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and an average price target of $233.20.

Check Out Our Latest Stock Report on Arista Networks

(Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.

Further Reading Five stocks we like better than Arista Networks Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET – Free Report).

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E. Ohman J or Asset Management AB lifted its holdings in CBRE Group, Inc. (NYSE: CBRE) by 44.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 14,130 shares of the financial services provider's stock after buying an additional 4,320 shares during the

The decision to install additional restraints on some roller coasters comes after a fatal incident in Georgia.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Fluence Energy To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Fluence Energy between November 24, 2025 and September 16, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - October 24, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Fluence Energy, Inc. (""Fluence Energy" or the "Company") (NASDAQ: FLNC) and reminds investors of the November 30, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) that the corrective measures the Company had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to the Company's new facilities; (3) as a result, a material portion of the backlog that Defendants represented as "securing" or "covering" the Company's fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On February 4, 2026, after the market closed, the Company reported first quarter 2026 financial results, including a GAAP gross profit margin of approximately 4.9%, a 6.5 percentage point decline year over year, due to "additional estimated costs on two projects." On this news Fluence Energy's stock price fell $10.04, or 34.63%, to close at $18.95 per share on February 5, 2026, on unusually heavy trading volume.

On August 5, 2026, after the market closed, Fluence Energy announced third quarter financial results, including that revenue was "weaker than expected, primarily reflecting production delays at new contract manufacturing facilities," and that it "now expects that $400.0 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility." On this news Fluence Energy's stock price fell $1.02, or 7.17%, to close at $13.21 per share on August 6, 2026, on unusually heavy trading volume.

On September 16, 2026, after the market closed, Fluence Energy announced a mid-quarter guidance update, revealing that the Company was cutting its full year revenue guide by approximately $0.6 billion, to $2.4 billion, and dramatically cut its full year adjusted EBITDA guide from negative $10 million to negative $200 million, attributing the revision to ongoing "delays in the ramp-up of our contract manufacturing facility." On this news Fluence Energy's stock price fell $1.39, or 15.36%, to close at $7.66 per share on September 17, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Fluence Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Fluence Energy class action, go to www.faruqilaw.com/FLNC or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Fluence Energy Securities Class Action Lawsuit:

What is the Fluence Energy securities fraud lawsuit about?

The lawsuit alleges that Fluence Energy, Inc. (NASDAQ: FLNC) misled investors about its ability to meet fiscal 2026 revenue guidance. The complaint claims production and manufacturing delays undermined the company's projections, leading to revenue shortfalls, guidance cuts, and declines in Fluence Energy's stock price.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Fluence Energy (NASDAQ: FLNC) securities between November 24, 2025 and September 16, 2026 may be eligible. Investors who suffered losses during the Class Period may potentially share in any recovery, even if they do not seek appointment as lead plaintiff.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed investor who represents the class and helps oversee the litigation. Fluence Energy investors who purchased shares during the Class Period and suffered losses may seek appointment as lead plaintiff by November 30, 2026. Investors do not need to serve as lead plaintiff to participate in any potential recovery.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Fluence Energy securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320200

Source: Faruqi & Faruqi LLP

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Carderock Capital Management Inc. boosted its stake in Arthur J. Gallagher and Co. (NYSE: AJG) by 28.3% in the undefined quarter, according to its most recent filing with the SEC. The fund owned 20,947 shares of the financial services provider's stock after purchasing an additional 4,617 shares during the period. Carderock Capital Management

Two packaged-food giants both bleed red ink on paper, both offer yields that would make most retirees salivate, yet one has already slashed its payout while the other keeps insisting it won't. The cash flow numbers behind each promise tell…

Conagra Brands (NYSE:CAG | CAG Price Prediction) or Kraft Heinz (NASDAQ:KHC): which packaged-food dividend looks safer for retirement-focused investors right now? Both companies report negative trailing EPS, -4.12 for Conagra and -2.87 for Kraft Heinz. Both still yield 8.48% and 6.71%, respectively. Conagra has already cut its dividend. Kraft Heinz has held its payout.

Most of the red ink comes from write-downs. Conagra booked $2.0 billion in non-cash goodwill and brand impairment charges, caused by a sustained decline in its share price. Kraft Heinz recorded $7.4 billion in non-cash goodwill and intangible impairments in its second quarter, down from $9.3 billion in 2025. Those charges show brand values eroding. Whether the dividend survives depends on cash flow, though, and the companies are far apart on that.

Dividend Track Record: Kraft Heinz Wins
Kraft Heinz has paid $0.40 per quarter since 2019, when it cut the payout from $0.625. The payout stayed flat through two straight years of multibillion-dollar impairments.

Conagra paid $0.35 quarterly from July 2023 through April 2026, then halved it to $0.175. Chief Executive John Brase framed the cut as a way to “enhance financial flexibility” and fund brand and supply chain investment. Jim Cramer noted on Mad Money that Conagra was “yielding north of 10%” before the cut, adding: “With very few exceptions, a double-digit dividend yield is a major red flag.” That red flag is the same pattern we broke down in a free guide to the seven warning signs a big yield is about to be cut.

Cash Coverage and Debt: Kraft Heinz Wins
Kraft Heinz generated $3.66 billion of free cash flow in 2025, against $1.898 billion in common dividends. That covers the dividend about 1.9x. In the second quarter, it paid down $1.9 billion of debt and repaid another $1 billion after the quarter closed. It also held $2.42 billion in cash. CFO Andre Maciel put it: “Our balance sheet remains very strong.”

Conagra’s fiscal 2026 free cash flow of $978.7 million covered its $669.7 million dividend bill about 1.5x at the old rate. In the first quarter of fiscal 2027, litigation payments drove operating cash flow to-$4.2 million and free cash flow to -$127.9 million. Management expects net leverage of about 4.0x at fiscal year-end. After the cut, the $0.70 annual rate works out to roughly 48% of the center of Conagra’s adjusted EPS guidance. For Kraft Heinz, the figure is about 78%. Conagra got that buffer by cutting its payout, and with leverage near 4.0x, it has little room for errors.

Turnaround Momentum: Kraft Heinz Wins
Kraft Heinz raised its 2026 organic net sales outlook to a decline of 0.5% to 2.0%, improved from 1.5% to 3.5%. It also raised adjusted EPS guidance to $2.03-$2.09 after a fifth consecutive EPS beat. Consumption fell about 2.5% in the second quarter, then improved to roughly minus 1% in July. Emerging Markets sales rose 10.4%.

Conagra beat expectations with first-quarter adjusted EPS of $0.41, against a $0.28 consensus. Even so, it guides fiscal 2027 adjusted EPS to $1.40 to $1.50, down from $1.72. Organic volume declined 2.1%. Share prices show the same split: Kraft Heinz is up 3.12% over the past year, while Conagra is down 14.43%.

Verdict: Kraft Heinz Has the Sturdier Retirement Income Profile
Kraft Heinz wins all three categories. Its payout has been stable since 2019, free cash flow covers the dividend nearly twice, and sales trends are improving. It has real risks of its own. The company guides constant-currency adjusted operating income down 16% to 18% while raising brand investment to about $700 million. In its next earnings report, investors should check whether the July consumption improvement held up.

Conagra’s case rests on a different profile: deep value and turnaround risk, coupled with the higher yield and a payout already reset to a level its guided earnings cover with room to spare.

Contact [email protected] for any questions or corrections.

MP Materials (MP -0.67%) has ample long-term growth potential, but can it become a "millionaire maker?" Trading at a nearly $7 billion valuation, the company has grown very far, very fast, making it questionable whether a small investment can grow into a $1 million position.

Yet while MP Materials stock may not make you a millionaire, growth investors may want to consider it a speculative buy, given its potential to make big moves on news about its efforts to further develop its Mountain Pass rare-earth production site in California.

Image source: Getty Images.

MP Materials and recent results
While its shares are down 22.7% since January, lately MP Materials has made significant commercialization progress. Back in August, alongside beating expectations with its second-quarter 2026 results, the company also provided bullish commentary on its prospects for processing and selling rare-earth magnets to industrial end users. That is, MP Materials announced plans to make major shipments to General Motors and Apple during Q4 2026 and Q1 2027, respectively.

$38.30-$0.26 (-0.67%)

NYSE · As of 4:00 PM ET 10/23/26

This is on top of MP Materials successfully scaling up production of Neodymium-Praseodymium (NdPr), the underlying rare-earth metal derived from its Mountain Pass facility. Last quarter, NdPr production totaled 840 metric tons, up 41% year over year, with NdPr sales increasing 127% from the prior-year quarter, to 1,006 metric tons.

The next big move, though perhaps a modest one
Based on its brief post-earnings surge, the next move for MP Materials could be just around the corner. On Nov. 5, MP Materials will report earnings. A big move could happen if results and guidance once again prove promising.

Still, with so much of its future potential value already reflected in its stock market valuation, and forecasts that MP Materials will only hit the billion-dollar sales mark two years out, forget about "millionaire maker." Even becoming a multibagger stock could prove a stretch.

Moreover, any hiccup in production expansion, or in its GM and Apple rare-earth magnet orders, could cause a new pullback. With this, consider a small speculative position. Even if investors react bullishly to the next earnings release, execution risk will persist.

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected Internet of Things (“IoT”) devices worldwide, is adding new resilient communications building blocks to its AirLink® 5G Networking Solutions. Semtech will demonstrate the new capabilities in booth #2964 at the International Association of Chiefs of Police (IACP) conference in Orlando, Fla. First responders rel.

Crossmark Global Holdings Inc. trimmed its stake in shares of Toronto Dominion Bank (The) (NYSE: TD) (TSE: TD) by 15.1% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,005 shares of the bank's stock after selling 6,030 shares during the

Brookstone Capital Management increased its stake in Celestica, Inc. (NYSE: CLS) (TSE: CLS) by 57.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,794 shares of the technology company's stock after acquiring an additional 8,333 shares during the quarter.

SpaceX (NASDAQ: SPCX) stock has endured a volatile first few months on the public market, leaving IPO investors weighing whether to hold or lock in their gains. 

SpaceX began trading on Nasdaq on June 12, 2026, at an IPO price of $135 per share, raising approximately $85.7 billion in gross proceeds.

SPCX subsequently reached an intraday high of $225 before falling to a low of $104. The stock closed at $147 on October 23, leaving IPO investors with an unrealized gain of approximately 9.25%.

SPCX stock price chart. Source: Finbold
The latest closing price remains approximately 34.6% below the post-IPO high. Shares fell 9.14% on October 22 to $144.75 before recovering 1.89% in the following session, reflecting continued reassessment of the company’s growth prospects and valuation.

SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year, while net income reached $4.4 billion, reversing a $1.1 billion loss in the same period of 2025. Adjusted EBITDA surged 306% to $8.8 billion, while operating income reached $2.8 billion.

The Artificial Intelligence segment generated $7.56 billion in revenue, up from $813 million a year earlier, while connectivity revenue rose 69% to $5.25 billion. Space operations revenue increased 6% to $1.77 billion, highlighting the growing contributions of satellite broadband and AI beyond rocket launches.

Starlink remains a key growth driver, with 13.6 million consumer subscribers as of September 30, up from 12 million in June and 7.2 million a year earlier. Consumer revenue reached $3.12 billion, while enterprise and government revenue totalled $2.13 billion. Connectivity operating income rose 99% year over year to $2.37 billion.

SpaceX expansion 
SpaceX is also expanding into mobile connectivity through a proposed acquisition of licenses covering 800 MHz of spectrum. Announced after the quarter ended, the deal is expected to close in the first half of 2027, subject to regulatory approval and other conditions. Its success will depend on expanding subscriber numbers and services while maintaining profitability.

Meanwhile, Artificial Intelligence is growing through cloud services agreements, the acquisition of Cursor, and AI applications, including Grok Bot. SpaceX reported 1.7 gigawatts of nameplate computing capacity as of September 30.

However, this expansion requires substantial investment. Capital expenditure reached $19.59 billion in the third quarter, including $16.44 billion for Artificial Intelligence, exceeding total quarterly revenue of $14.6 billion. 

Although capital expenditure is not an immediate income-statement expense, it can pressure cash flow and raise questions about investment returns.

SpaceX’s AI opportunity depends on sustained demand, profitable contracts, and efficient use of computing capacity. Competition from established cloud providers and other AI infrastructure companies could also weigh on margins.

Capital expenditure remains a broader risk, as spending on AI infrastructure, satellites and launch systems could pressure cash flow if returns fall short of expectations. Starship delays, technical setbacks or cost overruns could further undermine the investment case.

Valuation presents another challenge: despite trading above its IPO price, SPCX remains well below its post-listing high. Slower AI growth, rising costs, or disappointing guidance could trigger further losses, while additional share issuance could dilute existing shareholders.

SPCX stock investment case
Nevertheless, SpaceX stock remains a potential hold for long-term investors who can tolerate volatility. Its third-quarter results and expanding Starlink subscriber base strengthen the growth case. 

Ultimately, SpaceX’s ability to convert growth into sustainable cash flow and attractive investment returns will determine whether SPCX remains a hold. Investors should monitor upcoming earnings, Starlink subscriber growth, AI profitability, and capital expenditure.

Featured image via Shutterstock

Focused Alpha LLC cut its holdings in Meta Platforms, Inc. (NASDAQ: META) by 58.7% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,331 shares of the social networking company's stock after selling 1,892 shares during the period. Focused

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Cornerstone National Bank & Trust Co boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5,233.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 800 shares of the social networking company’s stock after buying an additional 785 shares during the period. Cornerstone National Bank & Trust Co’s holdings in Meta Platforms were worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Horizons Wealth Management purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $33,000. Advantage Trust Co purchased a new position in Meta Platforms in the second quarter worth $28,000. Philadelphia Investment Partners LLC purchased a new position in Meta Platforms in the second quarter worth $32,000. Axiom Investment Management LLC bought a new position in Meta Platforms in the 1st quarter valued at $36,000. Finally, Schuylkill Financial LLC bought a new position in Meta Platforms in the 2nd quarter valued at $36,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance NASDAQ META opened at $642.62 on Friday. The company’s 50 day moving average is $664.40 and its 200-day moving average is $629.72. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $779.82. The company has a quick ratio of 2.23, a current ratio of 1.90 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.64 trillion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The social networking company reported $7.40 EPS for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The company had revenue of $64.60 billion for the quarter, compared to analysts’ expectations of $63.34 billion. During the same period in the prior year, the company posted $7.25 EPS. Meta Platforms’s revenue was up 26.1% compared to the same quarter last year. Sell-side analysts predict that Meta Platforms, Inc. will post 28.01 earnings per share for the current year. Meta Platforms Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were given a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 7.91%.

Trending Headlines about Meta Platforms Here are the key news stories impacting Meta Platforms this week:

Positive Sentiment: Strong Q3 operating performance: Meta reported $64.6 billion in revenue, up 26% year over year, and adjusted earnings of $7.40 per share versus expectations of roughly $6.54. AI-driven recommendations and advertising tools are improving engagement, ad pricing and conversions. META Q3 Earnings Beat Estimates Positive Sentiment: Muse adoption supports the AI thesis: Meta’s Muse AI agent has surpassed 10 million downloads, strengthening the case that the company could eventually monetize AI through subscriptions, enterprise services and additional advertising. However, meaningful revenue contribution is expected later, potentially from 2027 onward. Meta Muse Adoption Positive Sentiment: Analysts remain broadly constructive: UBS, Citigroup, Mizuho, JPMorgan, Bank of America and other firms raised or reaffirmed bullish ratings and price targets, citing resilient advertising growth and long-term AI potential. Some investors, including commentator Mike Khouw, view the selloff as a buying opportunity. Why Mike Khouw Is Buying Meta Neutral Sentiment: New Class C shares and a 2-for-1 split: Meta plans to issue one non-voting Class C share for each Class A and Class B share. The move should improve trading liquidity and give Mark Zuckerberg greater flexibility to sell shares or finance AI investment without surrendering voting control, but it does not by itself create economic value for shareholders. Meta’s New Non-Voting Shares Neutral Sentiment: Commercial terms delayed: Meta postponed controversial terms that publishers and advertisers said could authorize broader web scraping, moving implementation to November 20 from October 30. The delay may reduce near-term friction, though the underlying regulatory and customer concerns remain. Meta Delays Commercial Terms Negative Sentiment: AI spending is the main pressure: Meta lifted the lower end of its 2026 capital-expenditure forecast to $135 billion, with spending potentially reaching $145 billion. Free cash flow turned negative as infrastructure investment accelerated, while credit-default-swap costs reached records. Investors are questioning when Muse and other AI projects will generate returns. Meta AI Spending and Free Cash Flow Negative Sentiment: Legal and regulatory risks remain significant: Meta faces a $25 billion New Mexico privacy judgment, additional lawsuits alleging harm to children and scam advertising, and rising legal costs. The company plans to appeal the New Mexico ruling, but the liabilities add uncertainty and pressure margins. Meta New Mexico Privacy Judgment Wall Street Analyst Weigh In Several analysts have commented on the stock. Erste Group Bank raised shares of Meta Platforms from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Citizens Jmp reissued a “market outperform” rating and set a $885.00 target price on shares of Meta Platforms in a research report on Thursday. Royal Bank Of Canada raised their price target on shares of Meta Platforms from $770.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday. Loop Capital lifted their price target on shares of Meta Platforms from $740.00 to $955.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $886.00 price target on shares of Meta Platforms in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $833.12.

Read Our Latest Research Report on META

Insiders Place Their Bets In other Meta Platforms news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $707.20, for a total transaction of $669,011.20. Following the completion of the transaction, the chief operating officer owned 5,986 shares of the company’s stock, valued at $4,233,299.20. The trade was a 13.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher K. Cox sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $712.76, for a total transaction of $28,510,400.00. Following the sale, the insider directly owned 184,516 shares in the company, valued at $131,515,624.16. This trade represents a 17.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 149,906 shares of company stock worth $102,347,409 over the last 90 days. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Profile (Free Report)

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company’s principal platforms include Facebook, Instagram, Messenger, WhatsApp, and Threads, which enable users to connect, communicate, share content, and discover products and services.

Meta also operates Reality Labs, its division focused on virtual, augmented, and mixed reality technologies. Reality Labs develops products such as Meta Quest virtual reality headsets and related software and experiences, along with research and hardware intended to support immersive computing.

Further Reading Five stocks we like better than Meta Platforms Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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Howland Capital Management LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 14.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,476 shares of the electric vehicle producer’s stock after selling 7,709 shares during the period. Howland Capital Management LLC’s holdings in Tesla were worth $16,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management increased its stake in shares of Tesla by 0.6% in the third quarter. Brookstone Capital Management now owns 109,061 shares of the electric vehicle producer’s stock valued at $38,696,000 after purchasing an additional 628 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Tesla by 1.8% during the third quarter. SeaCrest Wealth Management LLC now owns 18,192 shares of the electric vehicle producer’s stock valued at $6,455,000 after buying an additional 314 shares during the last quarter. NBT Bank N.A. bought a new stake in shares of Tesla during the third quarter valued at approximately $402,000. Root Financial Partners LLC raised its holdings in shares of Tesla by 11.2% during the third quarter. Root Financial Partners LLC now owns 24,769 shares of the electric vehicle producer’s stock valued at $8,788,000 after buying an additional 2,497 shares during the last quarter. Finally, Carter Financial Group INC. boosted its position in shares of Tesla by 17.1% during the third quarter. Carter Financial Group INC. now owns 6,343 shares of the electric vehicle producer’s stock worth $2,251,000 after buying an additional 928 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Tesla Price Performance NASDAQ TSLA opened at $372.22 on Friday. The stock’s 50-day moving average price is $364.01 and its two-hundred day moving average price is $377.22. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.47 trillion, a PE ratio of 409.04, a PEG ratio of 23.78 and a beta of 1.92. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In A number of brokerages recently issued reports on TSLA. UBS Group reissued a “neutral” rating and issued a $425.00 price objective (up from $391.00) on shares of Tesla in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Tesla from $415.00 to $430.00 and gave the company a “neutral” rating in a research note on Thursday. CLSA upgraded Tesla from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $310.00 to $400.00 in a research report on Thursday. Wells Fargo & Company reiterated a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Finally, Tigress Financial initiated coverage on Tesla in a research note on Thursday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $408.61.

Read Our Latest Report on Tesla

Trending Headlines about Tesla Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution. Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk. Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA. About Tesla (Free Report)

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.

See Also Five stocks we like better than Tesla Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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Driving for Uber while carrying your own health insurance feels like playing by the rules, but Medicare draws a line most gig workers never see coming, and crossing it quietly locks in a surcharge that compounds every year you stay…

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Take a man who just turned 65 and drives for Uber (NYSE:UBER | UBER Price Prediction) most weekdays. He pays hundreds of dollars a month for a health plan he bought himself. He figures a working man with insurance can put off Part B, the way his old coworkers did when they stayed on their company plans. To him, that logic feels solid. While the scenario is hypothetical, Medicare reads his situation differently, and that difference can cost him money every month for the rest of his life.

If you hold a payroll job with a group health plan, or your spouse does, you stand on stronger ground. If your coverage comes from a policy you bought on the Marketplace or directly from an insurer, this rule hits you.

Group Coverage From a Current Job Is the Real Medicare Test
Medicare cares about where your coverage comes from. The job-based Part B Special Enrollment Period requires qualifying employer group coverage tied to your current work or your spouse’s. A paycheck alone does not qualify, and neither does an insurance card alone.

His individual policy remains an individual policy no matter how many fares pay the premium. His deadline is the end of his Initial Enrollment Period, the seven-month window that generally starts three months before his birthday month and ends three months after it. Since he just turned 65, he still has time to enroll without a penalty. If he lets that window close, his individual coverage won’t protect him from a late-enrollment surcharge.

Penalty Builds in 12-Month Blocks
That same Medicare.gov page lays out the math. Without a Special Enrollment Period, he owes an extra 10% for each full 12-month period he could have signed up for Part B and didn’t. That surcharge sits on top of the standard Part B premium, which is $202.90 a month in 2026.

The percentage applies to a premium that resets every January, so the dollar cost of the penalty rises whenever the base premium rises. According to the Centers for Medicare & Medicaid Services (CMS), the standard premium rose $17.90 from $185.00 in 2025. A penalty tied to that base grows with it.

Medicare usually charges the penalty for as long as he has Part B. For most people, that means for life. Each extra full year he drives without enrolling adds another block. One fact could change the outcome. If he is covered through his spouse’s group plan at her current job, the Special Enrollment Period may protect him.

COBRA and Retiree Plans Trip Up Insured People Too
He has plenty of company. COBRA lets eligible workers keep their job-based coverage for a time after leaving. But for people 65 or older, Medicare generally pays before COBRA or retiree coverage. Those plans may calculate their share as though Medicare had already paid, leaving someone without Part B to cover the difference. Missing the enrollment deadline can add a lasting penalty to that immediate gap.

Neither COBRA nor retiree coverage extends the job-based enrollment deadline. Someone who qualified to delay Part B generally has eight months to enroll after the job or its group coverage ends, whichever happens first. Choosing COBRA doesn’t restart that clock. If employment or coverage ends during the Initial Enrollment Period, that initial window generally remains the deadline. Having insurance and being safe to delay Medicare are two separate tests.

Medicare’s sticker price is only the opening bid, and a Part B late-enrollment penalty can silently follow retirees for life. We listed other costs, including IRMAA and the coverage gaps that trap new enrollees, in a free guide to Medicare’s hidden bills.

Ask One Question Before Turning Down Part B
Before you decline Part B, ask this. Is my insurance an employer group plan tied to my current work or my spouse’s? Anything short of a clear yes points toward enrolling.

Get the answer in writing. Ask the benefits office to confirm the coverage dates and whether the plan pays first after 65. With employers of fewer than 20 employees, Medicare generally pays first, so delaying Part B can leave bills unpaid even if you qualify for a Special Enrollment Period. Keep proof of employment and coverage. Medicare’s Request for Employment Information form is commonly used when enrolling later.
If you already missed your window, ask Social Security whether you qualify for a Special Enrollment Period. Otherwise, the General Enrollment Period runs January 1 through March 31, with coverage starting the following month. Fall open enrollment doesn’t reopen your Part B signup window.
Remember the Medigap link. Your six-month Medigap open enrollment window starts the first month you’re 65 or older and have Part B. During that window, insurers can’t deny you a policy they sell to someone in your situation or charge more because of your health. Delaying Part B delays that window; it doesn’t use it up. Some states offer additional protections.

Clock Keeps Running Behind the Wheel
A gig worker can have health insurance and steady work and still miss Medicare’s deadline. This driver has time to avoid the penalty altogether because he just turned 65. Enrolling before his initial window closes keeps that mistake off his future bills. His fares may pay the insurance premium, but they don’t buy him more time to sign up for Part B.

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Amazon (AMZN -0.95%) has proven itself to be one of the early winners of the artificial intelligence (AI) boom, and this is thanks to its cloud computing business. Amazon Web Services (AWS) is a hub for anything AI, offering the chips and systems needed to power AI workloads. And thanks to this, AWS' revenue has soared, reaching a $169 billion annual run rate in the second quarter.

But the report also shows us another trend that might not please investors. And that's the fact that the company spent more on data centers in the period than AWS earned in revenue. Does this spell trouble for the AI giant? Let's find out.

Image source: Getty Images.

The Amazon story so farFirst, a quick catch-up on Amazon's AI story so far. AWS, the company's biggest profit driver, is the world's No. 1 cloud services provider, and as such, attracts a considerable amount of AI business. Customers that already use AWS for non-AI services find it easy to broaden into AI services here rather than turn to another cloud company.

As a result, AWS' revenue has taken off, and the second quarter illustrates this. In that period, the unit generated about $42 billion in revenue, up 36% year over year, and $16 billion in operating income. At the same time, though, Amazon's cash capital expenditures totaled just over $53 billion. The company says that investment "primarily relates to AWS and generative AI."

That puts capex at about $10 billion above AWS quarterly revenue and more than three times its operating income. Though this figure refers to the whole company, most of the spending is flowing toward AI and cloud capacity. And the pace of investment isn't slowing. Amazon lifted its 2026 capex forecast by $20 billion to about $220 billion.

AMZN Amazon$248.00-$2.38 (-0.95%)

NASDAQ · As of 4:00 PM ET 10/23/26

Why Amazon says it's spending nowManagement's argument is that demand exists right now -- this isn't about possibilities down the road. AWS' backlog, or contracted future revenue, has reached $496 billion and is growing at a triple-digit rate. Even at the above capex level, Amazon still won't be able to meet 2026 demand, says chief Andy Jassy, and he expects the same in 2027. On top of this, he calls demand already in place for 2028 "striking."

Building to support such demand doesn't result in monetization overnight. The company invests in data centers about two years before servers can start bringing in revenue, but the good news is Amazon can use those facilities for more than 30 years. Servers and networking gear generate growth faster: The company buys them a few months before they're set to work, and they generally break even in less than three years.

Meanwhile, Amazon will face pressure on free cash flow until the new data centers open their doors and the servers inside them have been running for a few years, according to Jassy.

Does this signal trouble?So, does spending that outpaces revenue signal trouble? Not necessarily. Amazon is highly profitable with a long track record of earnings growth and experience in investing in technology that will deliver over time: the creation of AWS is a clear example of this. And Amazon says it buys servers only when customer demand is there, which is different from spending based on hope.

Still, this is a bet on timing, and investors must be comfortable with that. Amazon has to build before it can earn, so investors should expect free cash flow to remain under pressure during this time. AWS' backlog gives the bet a solid foundation, and now the thing to watch is whether the unit's revenue keeps accelerating alongside capex. From what we've seen so far, though, Amazon is well positioned to deliver, making it a fantastic AI stock to buy and hold.

Atlatl Advisers LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 31.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,293 shares of the semiconductor manufacturer’s stock after selling 4,185 shares during the period. Advanced Micro Devices makes up 1.4% of Atlatl Advisers LLC’s investment portfolio, making the stock its 19th largest holding. Atlatl Advisers LLC’s holdings in Advanced Micro Devices were worth $5,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in Advanced Micro Devices in the third quarter valued at $29,000. JNBA Financial Advisors increased its position in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Downshift Financial LLC increased its position in shares of Advanced Micro Devices by 850.0% during the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Sawyer & Company Inc purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $37,000. Finally, Bullseye Investment Management LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $44,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 1.7% Advanced Micro Devices stock opened at $516.79 on Friday. The stock has a 50 day moving average of $541.54 and a two-hundred day moving average of $483.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The stock has a market capitalization of $843.65 billion, a price-to-earnings ratio of 132.85, a PEG ratio of 5.21 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year. Analyst Upgrades and Downgrades A number of analysts recently issued reports on the company. KeyCorp set a $650.00 target price on Advanced Micro Devices in a research report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Bank of America boosted their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Benchmark increased their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $606.76.

Read Our Latest Stock Analysis on Advanced Micro Devices

Insider Buying and Selling In related news, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,100 shares of company stock worth $114,867,400 in the last ninety days. Insiders own 0.50% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: Analyst support is helping sentiment. AMD received an analyst upgrade, while Erste Group raised its FY2027 earnings estimate to $15.05 per share from $14.80. The company’s long-term earnings outlook is being supported by expectations for continued AI accelerator demand. AMD Stock Jumps Following Analyst Upgrade Positive Sentiment: AI growth remains the core bullish argument. Articles point to AMD’s hyperscaler contracts, data-center expansion and expected product cycles as potential drivers of substantial future revenue growth. AMD recently reported 50.1% year-over-year revenue growth, and analysts continue to debate whether its AI opportunity is being underestimated. AMD’s Potential May Be Underestimated Neutral Sentiment: Today’s strength follows a broad technology rebound. AMD and Intel recovered after a sharp semiconductor sell-off, while AMD also contributed to gains in the Invesco QQQ Trust. This suggests some of the buying reflects sector rotation and short-term dip buying rather than a change in AMD’s fundamentals. Why AMD and Intel Stocks Are Gaining Negative Sentiment: Valuation and execution risks remain significant. AMD has already risen sharply this year, and its high earnings multiple leaves little room for disappointment. Investors are focused on whether upcoming earnings and new AI products can validate the expectations embedded in the stock. AMD Stock Price Prediction Negative Sentiment: Competitive and macroeconomic pressures could limit upside. Nvidia is expanding into CPU systems traditionally dominated by AMD and Intel, while higher oil prices, interest rates and questions about AI infrastructure spending are weighing on the broader semiconductor trade. Nvidia Enters the CPU Market (Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

Featured Stories Five stocks we like better than Advanced Micro Devices Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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AMD (AMD +1.74%) has been a tremendous stock to own in 2026. It has risen about 150% this year, ranking in the top 10 for best-performing S&P 500 (^GSPC -0.52%) stocks. That's an admirable performance, and it has AMD investors believing that it's truly taking ground from primary competitor Nvidia (NVDA -0.59%) in the all-important data center market.

However, I think some of this performance isn't earned, and the stock could be ripe for a pullback. There are several factors that point to this potentially coming, and getting out of the stock before AMD's Nov. 3 earnings report could save investors from some heartache.

Image source: The Motley Fool.

AMD's stock is very expensive At face value, AMD's stock is not cheap, regardless of which valuation measure you use.

AMD PE Ratio (Forward) data by YCharts. PE = price-to-earnings.

At nearly 140 times trailing earnings, it's very pricey for the results it has delivered. Even at 70 times this year's earnings, it's still expensive. Analysts expect a huge year next year, with it trading at 34 times next year's earnings, but that's still just a very expensive stock, especially when compared to Nvidia.

Nvidia is AMD's nemesis in the data center space, and these two have competed against each other for a long time. Nvidia has nearly always been the winner, but from an investment standpoint, that has shifted in 2026. However, I don't think that has really been earned.

AMD's price tag has increased dramatically throughout the year, as evidenced by the chart above. While AMD trades for 34 times next year's earnings, Nvidia trades for 27 times trailing earnings. That's right, Nvidia is cheaper right now than AMD is projected to be at the end of next year if its stock price stays flat.

That's a huge pricing mismatch for companies in the same industry, and I think all of that could come to a head during AMD's third-quarter results.

AMD needs to continue accelerating its growth to justify its price During AMD's second-quarter results, it reported accelerating data center revenue, rising 107% year over year to $6.7 billion. However, overall company revenue accelerated at just a 50% pace to $11.5 billion. That's because AMD's non-data center business units didn't have great quarters, and they are a drag on AMD's overall financial picture.

Contrast that with Nvidia, which delivered 117% data center growth to $89 billion and overall growth of 106% to $96.2 billion in Q2, and it's pretty clear that AMD is still behind Nvidia. There's nothing in those figures that points to AMD being worth a massive premium over Nvidia, and as soon as the market realizes it, one of two things will happen.

AMD Advanced Micro Devices$516.79+$8.86 (+1.74%)

NASDAQ · As of 4:00 PM ET 10/23/26

First, AMD stock could come under heavy selling pressure. As many funds look to take gains from 2026 returns and roll them into new 2027 ideas, AMD could be the first one on the chopping block due to it being a bit pricey. This could ignite a sell-off that returns AMD's valuation to a far more reasonable level. Depending on what is said in its Nov. 3 earnings report, this event could be the kick-start, unless it reports a major increase in data center revenue growth.

Second, Nvidia's stock could rotate back to being the darling of the stock market and see its price rise to a more reasonable valuation level. Regardless, I think it's pretty clear that AMD could have a period of underperformance arriving while Nvidia outperforms.

Taking advantage of AMD's high price tag and Nvidia's low price tag makes a lot of investment sense. Investors should consider rotating out of AMD and into Nvidia, as all indicators point toward that being a major trend during 2027.

Nvidia's emergence as financier for the global AI buildout is facing its first major stress test as credit markets tighten for key partners.

After creating the chips that powered the early stages of the generative artificial intelligence era, Nvidia turned to using its financial prowess to fund AI model developers, data center companies and a host of so-called neoclouds. CEO Jensen Huang's strategy has been to not only build the most advanced technology but to provide customers with investment as well as help them take out loans so his systems can reach many more hands.

That's meant taking full advantage of Nvidia's investment grade credit rating and providing backstop guarantees on mega-projects for OpenAI so that buildouts can get funded at lower interest rates.

As of its last quarterly financial filing in July, Nvidia had $36 billion in off-balance-sheet AI cloud agreements, or backstops, for neoclouds, in addition to its guarantee on up to $105 billion for chips, land and power at a proposed 10 gigawatt OpenAI data center in Ohio. The company signed as a tenant for $20 billion in future data center leases, which will later be assigned to third parties.

For the vast majority of these deals, Nvidia won't have to pay up unless participants in the project default.

"If the demand for compute doesn't meet these really super lofty expectations, we're going to have a problem," said David Trainer, founder and CEO of financial research firm New Constructs, in an interview.

Nvidia declined to comment for this story.

watch now

Market conditions may soon test Nvidia's mettle. Shares of neoclouds CoreWeave, Nebius and IREN, all cash-burning companies in Nvidia's portfolio, are down at least 30% this month. CoreWeave, the biggest of the group, has seen the spread on its credit default swaps soar past 11%, as investors are forced to pay up for insurance against default.

Nvidia has backed other neoclouds that have run into challenges.

The company is an investor in Australian AI cloud provider Firmus, which abruptly withdrew its IPO plans this month, as well as Nscale out of the U.K. and SoftBank-backed SB Energy. Both of those companies filed to go public in the U.S. in September but haven't provided updates on their plans in weeks.

Nvidia wrapped up a third straight down week on Wall Street on Friday, with its stock now off 7.6% in October, on pace for its worst month since November of last year.

Huang reiterated his confidence in the market this week, telling CNBC on Thursday that demand for neoclouds is "off the charts."

"What is missing in the middle is the working capital to fuel that growth," Huang told CNBC's Arjun Kharpal on the sidelines of the company's GTC conference in Berlin. "Because there's just so much demand across so many sectors of AI, there's a scarcity of capital."

Nvidia has taken equity stakes in dozens of companies, including big investments in OpenAI and Anthropic. Its portfolio is worth $99 billion as of the second quarter.

Building the ecosystemInvestors told CNBC that a big question surrounding Nvidia is how the company can use its cash and $5 trillion market cap to get more chips into customers' hands, and how much risk it will assume in the process.

Nvidia graphics processing units are critical for training and deploying AI models. Revenue in the latest fiscal year hit $216 billion, up roughly eightfold since OpenAI launched ChatGPT in late 2022.

Before the AI boom, Nvidia sold graphics cards that could fit into a standard server rack or PC. Its newest systems are much larger and more expensive. Nvidia's flagship Vera Rubin product is a seven-foot rack containing 72 GPUs and weighing as much as a pickup truck. It costs more than $7 million, according to a Morgan Stanley estimate.

While Nvidia still dominates the AI chip market, competition is emerging from the likes of Google, which rents out tensor processing units (TPUs) inside its massive cloud offering, and Advanced Micro Devices, which launched its first AI rack called Helios in July.

watch now

Cash is Nvidia's other great advantage. The company generated $70 billion in free cash flow in the first half of this year, while AMD totaled just over $4 billion and Google parent Alphabet went cash flow negative in the second quarter to fund its buildout.

That's a big edge for Nvidia in building out its ecosystem. The company is now offering a full-service platform complete with software, services, integrated hardware and, for many customers, financing assistance.

Nvidia's most recent quarterly financial filing in August outlined over $500 billion in off-balance-sheet commitments over the coming years, with a majority maturing through fiscal 2029. That same month, Huang announced a partnership with six large asset managers on a $500 billion financing push designed to treat compute infrastructure as an asset class.

That agreement, which promised financial firms up to $125 billion in residual value guarantees on GPU financings, was in addition to the stakes Nvidia has taken as a limited partner in private equity funds. The company seeded $2 billion in Brookfield's inaugural AI Infrastructure Partners Fund, which aims to raise $10 billion in total capital, as well as other unconfirmed sums in KKR's Helix Digital Infrastructure (an $11 billion vehicle) and Valor Equity Partners' $5.4 billion dedicated compute fund.

"We used to build chips that we sell, and these are technology components that people buy and use," Huang told CNBC, in announcing the agreement in August. "But now, Nvidia's AI factory platform is really an investable asset."

Huang has adopted a marketing mantra to reinforce the unique value of its equipment.

"We're the most rentable. We're fungible, and we're durable," he said on a podcast with investor Brad Gerstner published last week.

20 years of hardware in OhioWhile Nvidia waits for Wall Street firms to pull in investors to expand the GPU loan pool, the chipmaker is already actively fostering record-sized deals in the AI infrastructure space.

Nvidia's biggest single guarantee is for OpenAI's forthcoming facility in Pike County, Ohio, which could be the largest data center in the world. That deal requires use of Nvidia hardware for at least 20 years.

The shift from chips to capital carries significant risks should OpenAI run into trouble.

If OpenAI misses payments or faces insolvency, Nvidia can take over the lease, find a new tenant, or ask the landlord, SB Energy, to sell the facility, guaranteeing to pay the difference for the latter two arrangements up to $105 billion if the release or sale falls below a minimum price. Nvidia could also pay SB Energy a lump sum. On the other side, if OpenAI posts its own collateral, or achieves a high enough credit rating, Nvidia's guarantee ends.

At CoreWeave, Nvidia's investment includes equity and a commitment to buy up to $6.3 billion of its compute if it can't find another taker.

Nvidia's backstops can take many forms, such as guaranteeing a minimum resale price or a minimum hourly offtake price for the chips in the event the lender has to recoup the assets. With Sharon AI and other neoclouds, Nvidia's deals have come with revenue-sharing agreements.

"We believe these AI cloud partners have strong customer demand and robust sales pipelines but are constrained by the large-scale infrastructure that is required to meet that demand," Nvidia said in its quarterly filing.

CoreWeave and Nebius this month

Huang said this week that CoreWeave doesn't need Nvidia's backstop and that the neocloud's cost of capital is decreasing. CoreWeave has roughly $51.6 billion in total debt, including about $35 billion in notes, bonds and loans. Yields on its bonds maturing in 2031 and 2032 topped 15%.

Brian Stutland, portfolio manager at Equity Armor Investments, said the market jitters reflect concerns about the stability of the business.

CoreWeave and other neoclouds "will sign contracts into the future, and that all looks fine and dandy in their earnings reports, but is that contract going to be stable?" Stutland said. "Is it going to break at some point?"

Nvidia says its financial support can help customers build the infrastructure needed to meet strong demand for its chips. More computing capacity could also help AI labs develop new models and services, creating further demand for Nvidia products.

"They'll do $700 billion in revenue next year," Deepwater Asset Management founder Gene Munster told CNBC last month. "That affords them the ability to finance some of their customers."

Nvidia's credit backstops have mostly kicked in over the past six to 12 months. Its last annual filing, published in February, makes no mention of AI cloud agreements.

Warren Hosseinion, co-founder of AI infrastructure startup Compute Labs, said Nvidia doesn't want to be in the position of insurer, "but they're willing to play that role while the market and the industry catches up."

"They kind of control how things move," said Hosseinion, whose company tokenizes GPUs in order to open up pools of capital for neocloud operators. "They have to be very careful about how they release their technology at what pace, because a lot of that will dictate how the market moves around it."

Not a 'complete panacea'Nvidia is actively looking for insurers to bear some of the risk associated with the potential loss in value of GPUs.

"Insurers are not yet a complete panacea to this problem," said Tom Hoad, executive director of product innovation at global insurance group Howden. "But they are probably going to turn up and be helpful in the right situations, and therefore open up some commercial transactions."

According to research from New Constructs, Nvidia's net present value of off-balance-sheet liabilities in fiscal 2026 totals over $153 billion, an increase of over $100 billion from last year.

Such liabilities have been growing across the entire AI trade, mainly in the form of lease obligations. Ratings agencies like Moody's have been sounding the alarm. In 2026, guarantees are the fastest-growing type of off-balance-sheet financing arrangements, the agency said.

Moody's doesn't count guarantees as debt when rating corporate buyers, but it's "something we're constantly monitoring," said David Gonzales, a vice president at the agency.

"These things are advanced structures that are unique, and so there is no blanket real approach you can take," he said. Gonzales said it's likely that chips will retain "values in excess of contractual residual value amounts" in the near future, which would mitigate risk in many of Nvidia's financing structures.

Still, how much exposure investment grade AI players can handle is "the question we're evaluating at all times every day," Gonzales said.

"It's the center of all of our discussions right now," he said.

— CNBC's Seema Mody contributed to this report.  

Brookstone Capital Management boosted its stake in AT&T Inc. (NYSE:T – Free Report) by 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 542,972 shares of the technology company’s stock after purchasing an additional 44,594 shares during the period. Brookstone Capital Management’s holdings in AT&T were worth $13,249,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. NBT Bank N.A. acquired a new position in AT&T during the 3rd quarter worth about $2,229,000. Root Financial Partners LLC grew its position in shares of AT&T by 15.7% in the 3rd quarter. Root Financial Partners LLC now owns 14,601 shares of the technology company’s stock valued at $356,000 after buying an additional 1,979 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of AT&T by 1.1% in the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 46,144 shares of the technology company’s stock valued at $1,126,000 after buying an additional 492 shares during the period. JSF Financial LLC increased its stake in shares of AT&T by 14.3% in the third quarter. JSF Financial LLC now owns 22,042 shares of the technology company’s stock valued at $538,000 after buying an additional 2,750 shares during the period. Finally, Cypress Wealth Services LLC increased its stake in shares of AT&T by 8.5% in the third quarter. Cypress Wealth Services LLC now owns 25,117 shares of the technology company’s stock valued at $614,000 after buying an additional 1,971 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance Shares of AT&T stock opened at $20.96 on Friday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a quick ratio of 0.93, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $24.78 and a 200-day moving average price of $24.23. The company has a market cap of $141.23 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25.

AT&T (NYSE:T – Get Free Report) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. AT&T’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.38 earnings per share for the current fiscal year. AT&T Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

AT&T News Roundup Here are the key news stories impacting AT&T this week:

Positive Sentiment: AT&T reported third-quarter adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates of $0.60 and $31.69 billion, respectively. Revenue increased roughly 5% year over year. AT&T Stock Sinks on Subscriber and SpaceX Worries Positive Sentiment: Analysts continue to see long-term value in the stock. Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan maintained an Overweight rating at $31; Erste Group also modestly raised its 2026 EPS estimate to $2.35. Argus AT&T rating Neutral Sentiment: Citi estimates that SpaceX’s Starlink wireless service may not launch nationally until 2029 or later, but reported talks to secure access to as many as 80,000 U.S. cell sites could accelerate the competitive timeline. Starlink Is Years Away From Competing With AT&T Negative Sentiment: SpaceX’s potential entry as a fourth nationwide wireless carrier raised fears of greater pricing pressure, subscriber losses and higher network costs for AT&T, Verizon and T-Mobile. Tower operators benefited because SpaceX may become a major tenant, while telecom carriers sold off. AT&T Slides on SpaceX Cell-Site Talks Negative Sentiment: Investors also remain concerned about AT&T’s subscriber trends, elevated leverage and margin pressure. The company’s plan to reduce planned capital spending by roughly $1 billion in 2027–28 while maintaining its 2030 fiber goal may support cash flow, but introductory pricing could weigh on fiber economics. AT&T Q3 Earnings Call and Fiber Strategy Analyst Upgrades and Downgrades T has been the topic of a number of recent analyst reports. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $26.00 to $30.00 in a research report on Monday, September 21st. Argus reaffirmed a “buy” rating and issued a $30.00 price objective on shares of AT&T in a research note on Thursday. Finally, Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.55.

Read Our Latest Report on T

AT&T Profile (Free Report)

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

Featured Stories Five stocks we like better than AT&T Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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