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Wolfspeed, Inc. NYSE: WOLF recently secured a conditional commitment from the Department of Defense for up to $1.5 billion in 30-year financing. Shares jumped initially as investors digested the headline number, but the deal's mechanics warrant a closer look.

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Wolfspeed emerged from a restructuring phase just last year and currently operates with negative margins.

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A capital injection of this size rewrites Wolfspeed's balance sheet, but it comes with strings attached. Management agreed to equity warrants for the government and strict parallel funding requirements.

Weighing the long-term operational runway against staggered shareholder dilution helps investors understand Wolfspeed's trajectory.

The underlying narrative goes beyond the cash. It centers on the strategic shift from a commercial semiconductor manufacturer to a critical defense asset, creating a unique dynamic for investors tracking the silicon carbide space.

Strategic Reserves: The Department of Defense Steps InThe Department of Defense's Office of Strategic Capital is stepping in with a delayed-draw term loan. This capital does not arrive in a lump-sum grant. Instead, the funding arrives in planned tranches, with the initial $600 million earmarked primarily to refinance existing debt obligations due around 2030.

The 2030 debt overhang previously cast a shadow over Wolfspeed's capital expenditure plans, forcing investors to question whether the business could survive long enough to reach capacity. Refinancing that debt clears a liquidity hurdle for Wolfspeed, which reported earnings per share of negative $15.76 over the trailing 12 months.

The defense establishment is not operating like a traditional bank. The strategic mandate here links domestic manufacturing output to national security priorities. The government requires radiation-hardened gallium nitride components for aerospace, radar, and electronic warfare applications. By acting as the senior secured lender, the defense sector secures a domestic supply chain for critical technologies while giving Wolfspeed a 30-year capital runway.

The agreement requires Wolfspeed to secure at least $750 million in parallel qualifying capital, keeping some execution risk on the table before it can tap the full facility. This contingency ensures Wolfspeed maintains access to private capital markets and does not become solely reliant on federal subsidies to maintain operations.

Tactical Dilution: Weighing the Equity Trade-OffWhen the government provides capital to a distressed company, it usually extracts a toll. The commitment requires issuing volume-weighted average price warrants, allowing the government to purchase up to 7.5% of Wolfspeed's fully diluted equity.

Investors often view dilution as an immediate negative catalyst, but the warrant structure requires context. The equity rights are not granted entirely upfront. They trigger on a pro-rata basis as each funding tranche is disbursed over the drawdown lifecycle. This staggered approach aligns the dilution with actual cash receipts, meaning shareholders give up equity only as the balance sheet strengthens.

Comparing this arrangement to alternative financing methods reveals why the market received the agreement favorably. Securing $1.5 billion through traditional private credit markets with current cash flow constraints would likely carry punitive interest rates and restrictive operational covenants. Giving up 7.5% of equity over time is a manageable cost of capital to avoid liquidity traps and maintain long-term solvency. The market is pricing in the reality that a slightly diluted stake in a fully funded, operational manufacturer is worth more than a concentrated position in an undercapitalized one.

Building the Base: Scaling Siler City ProductionSolving the balance sheet is only half the equation. The operational turnaround hinges on the $5 billion John Palmour Manufacturing Center in Siler City, North Carolina. This facility is tasked with scaling the production of 200mm silicon carbide wafers, a transition necessary to drive down unit costs and reverse severe margin compression.

Currently, net margins sit near negative 159 %. The capital injection helps to de-risk the physical expansion of the Siler City plant, allowing Wolfspeed management to focus on yield improvements rather than cash preservation. The transition to 200mm wafers produces more chips per wafer than the legacy 150mm standard, changing the business's unit economics once operating at scale. Silicon carbide handles higher voltages, switches faster, and offers better thermal management than traditional silicon, making it a required material for next-generation power electronics.

While the defense-mandated gallium nitride upgrades secure the government funding, the broader revenue story relies on commercial tailwinds. Silicon carbide remains a structural requirement for the electric vehicle supply chain, where efficiency translates directly to vehicle range.

Additionally, high-density power systems used in artificial intelligence (AI) data centers increasingly rely on these advanced substrates to manage heat and power consumption. The federal financing bridges the gap between today's cash burn and tomorrow's capacity utilization, positioning Wolfspeed to capture rebounding commercial demand alongside its new defense obligations.

Strategic Positioning: Smart Money Enters the RoomRecent 13F filings show accumulation by institutional asset managers, including T. Rowe Price and Fidelity Management. Smart money appears to be pricing in the long-term viability of the physical manufacturing buildout rather than reacting to the near-term noise of equity warrants. Large funds recognize that aligning with Department of Defense supply chain mandates creates a floor under the Wolfspeed business model that commercial demand alone could not provide during an economic downturn.

At the same time, Wolfspeed carries high short interest. Bears positioned for a potential liquidity crisis are now trapped by a government-backed financial runway. Price volatility after the loan announcement highlighted this tension, as shares briefly spiked to around $39 before retracing back into the $25 range. Any definitive closing of the loan tranches or execution of the required $750 million parallel capital raise could trigger a prolonged short-covering event. When short sellers are forced to buy shares to cover their positions, the resulting buying pressure can drive the stock price significantly higher, especially in a heavily shorted name like Wolfspeed.

Investors tracking the semiconductor sector might view the current valuation as a calculated entry point. The risk profile has shifted from immediate solvency concerns to long-term operational execution. Those with an appetite for manufacturing turnaround stories may want to add Wolfspeed to their watchlist as the initial capital tranches clear and the Siler City facility begins to scale.

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Capital One (COF - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 20. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis credit card issuer and bank is expected to post quarterly earnings of $5.43 per share in its upcoming report, which represents a year-over-year change of -8.7%.

Revenues are expected to be $16.12 billion, up 5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.01% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Capital One?For Capital One, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.50%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Capital One will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Capital One would post earnings of $4.85 per share when it actually produced earnings of $5.81, delivering a surprise of +19.79%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Capital One appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Vicor (VICR - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on October 20, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis modular power components company is expected to post quarterly earnings of $1.39 per share in its upcoming report, which represents a year-over-year change of +120.6%.

Revenues are expected to be $187.2 million, up 69.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.64% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Vicor?For Vicor, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination makes it difficult to conclusively predict that Vicor will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Vicor would post earnings of $0.62 per share when it actually produced earnings of $1.04, delivering a surprise of +67.74%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Vicor doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

JGP Wealth Management LLC raised its holdings in shares of Lennar Corporation (NYSE:LEN – Free Report) by 13.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,537 shares of the construction company’s stock after purchasing an additional 7,577 shares during the period. JGP Wealth Management LLC’s holdings in Lennar were worth $5,184,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC grew its stake in shares of Lennar by 19.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,546,970 shares of the construction company’s stock worth $221,176,000 after buying an additional 419,745 shares during the last quarter. Swiss National Bank increased its position in Lennar by 4.8% during the 1st quarter. Swiss National Bank now owns 601,468 shares of the construction company’s stock valued at $52,231,000 after buying an additional 27,500 shares in the last quarter. River Road Asset Management LLC raised its stake in Lennar by 10.3% during the fourth quarter. River Road Asset Management LLC now owns 461,696 shares of the construction company’s stock valued at $47,462,000 after buying an additional 43,186 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. raised its stake in Lennar by 6,292.5% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 328,000 shares of the construction company’s stock valued at $29,681,000 after buying an additional 322,869 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Lennar by 2.3% during the first quarter. California Public Employees Retirement System now owns 313,354 shares of the construction company’s stock valued at $27,212,000 after buying an additional 7,103 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes Several brokerages have recently weighed in on LEN. Truist Financial reduced their price target on Lennar from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, September 16th. Morgan Stanley initiated coverage on shares of Lennar in a research report on Thursday, October 1st. They set an “underweight” rating and a $65.00 price objective on the stock. Seaport Research Partners reduced their price objective on shares of Lennar from $74.00 to $70.00 and set a “sell” rating for the company in a research note on Monday, September 21st. JPMorgan Chase & Co. decreased their target price on shares of Lennar from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Tuesday, June 16th. Finally, Benchmark upgraded shares of Lennar to a “hold” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and ten have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $79.00.

View Our Latest Stock Report on LEN Lennar Trading Down 2.8% Lennar stock opened at $74.52 on Tuesday. Lennar Corporation has a one year low of $73.75 and a one year high of $133.76. The business’s fifty day moving average is $82.68 and its 200 day moving average is $86.27. The stock has a market capitalization of $17.73 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.94 and a quick ratio of 0.69.

Lennar (NYSE:LEN – Get Free Report) last issued its earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). Lennar had a return on equity of 6.15% and a net margin of 4.09%. The company had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $8.32 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Lennar Corporation will post 4.87 EPS for the current year.

Lennar Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 7th. Lennar’s dividend payout ratio (DPR) is 37.81%.

Insider Activity In other news, major shareholder Berkshire Hathaway Inc acquired 1,708,095 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was bought at an average price of $79.44 per share, with a total value of $135,691,066.80. Following the completion of the acquisition, the insider directly owned 28,438,045 shares of the company’s stock, valued at approximately $2,259,118,294.80. The trade was a 6.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders acquired 7,502,276 shares of company stock valued at $595,303,287. Company insiders own 10.05% of the company’s stock.

Lennar Company Profile (Free Report)

Lennar Corporation (NYSE: LEN) is a homebuilding company that designs, constructs and sells single-family homes and, through its multifamily operations, develops apartment communities. Its residential offerings generally include homes across a range of sizes and prices, serving first-time, move-up and active-adult buyers.

The company also provides related services through businesses involved in mortgage financing, title and closing services, insurance and other real estate activities. Lennar develops residential communities and manages land acquisition, planning and construction as part of its integrated homebuilding model.

Founded in 1954, Lennar has expanded from its origins in South Florida into a national homebuilder serving numerous markets across the United States.

Further Reading Five stocks we like better than Lennar Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Want to see what other hedge funds are holding LEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennar Corporation (NYSE:LEN – Free Report).

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SummaryAvista is rated a long-term buy at $35.49, reflecting undervaluation relative to sector medians and a forward P/E of 13.7x.AVA's ~$3.44 billion infrastructure investment (2026–2030) targets 4–6% utility earnings growth, but success depends on regulatory approvals and disciplined capital management.Risks include financing needs, potential shareholder dilution (2.7% YoY in H1 2026), and regulatory uncertainty impacting cost recovery and EPS growth.A 5.54% dividend yield and improving utility earnings support the investment case, but further upside relies on effective execution and favorable regulatory outcomes. zhaojiankang/iStock via Getty Images

Investment Thesis Avista Corporation (AVA), at its current price, is an attractive investment opportunity from a long-term perspective. Its current valuation may not reflect its future earnings potential. The company is improving its utility earnings. It has also

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Integrated Open Compute Project (OCP) based portfolio spans rack-scale AI/HPC systems, ORv3 and ORW racks, 48V DC power, networking, and liquid cooling solutions to enable higher-density compute in existing and new data centers Portfolio extends from infrastructure to intelligent operations with DCBBS Coolants, in-rack CDUs, switches, and Supermicro System Management Software Suite for infrastructure management Supermicro DCBBS brings these OCP-based technologies together into integrated rack-scale solutions, simplifying and speeding deployment across compute, power, networking, and cooling for a faster Time-to-Online (TTO) , /PRNewswire/ -- Super Micro Computer, Inc. (NASDAQ: SMCI), an AI, Enterprise, Storage, and 5G/Edge Total IT Solution Provider featuring Data Center Building Block Solutions® (DCBBS), today announced an expanded portfolio of Open Compute Project Accepted™ systems, racks, and rear door heat exchangers (RDHx). Supported by DCBBS, the solutions portfolio can be incorporated into complete end-to-end rack- and cluster-scale deployments.

Open Infrastructure for the Next Wave of AI "The AI boom is redefining how data centers are designed, built, and deployed, and Supermicro is leading this transformation with DCBBS," said Charles Liang, president and CEO of Supermicro. "By integrating compute, networking, power, advanced cooling, software, and services into validated rack-scale solutions, we help customers simplify complexity and accelerate the path from innovation to production. DCBBS enables customers to reduce TTM and TTO by delivering essential AI infrastructure faster and more efficiently."

Supermicro's OCP solutions are now available, click here to learn more.

By leveraging OCP community best practices and DCBBS design and services, data center operators can increase compute density and energy efficiency for AI and HPC workloads based on an open and validated rack-scale foundation—from systems and busbar to rack-level and data center cooling—to bring high density solutions online more efficiently to accelerate Time-to-Market (TTM) and TTO.

"Customers need open, flexible infrastructure that can scale with the rapidly evolving demands of AI while fitting the realities of their data centers," said Dirk Van Slyke, vice president of Marketing, OCP. "By bringing OCP-accepted systems, racks, power and cooling together in validated rack-scale solutions, Supermicro is helping customers simplify integration, maximize facility capacity and efficiency, and accelerate the deployment of production AI infrastructure."

The ORv3 and ORW racks replace per-server power supplies and cables with a centralized 48V DC busbar, allowing customers to optimize their CPU and GPU systems for higher density compute racks. This density is further supported by Supermicro's DLC-2 Direct-to-Chip liquid cooling, which removes heat more efficiently from CPUs, GPUs, and other critical components, while residual heat can be removed from the rack by purpose-built ORv3 RDHx's without requiring additional retrofit of data hall air conditioning systems.

Supermicro RDHx units can be mounted to the rear of ORv3 and ORW racks and remove residual heat from server exhaust before it enters the data hall. The portfolio spans 10 kW to 120 kW of cooling capacity, giving operators a practical way to increase rack density in both new AI facilities and existing data centers. DC-powered models connect to the rack's busbar to reduce cabling, while designs include N+1 redundant fans to ensure uptime and a smart anti-condensation system to prevent moisture damage to other components inside the rack.

Operators can monitor and manage the entire portfolio of DCBBS components, through SuperCloud Composer® using industry-standard protocols. Further, Supermicro's software, such as SuperCloud Director, SuperCloud Automation Assistant, and SuperCloud Developer Console, enables organizations to manage and operationalize all aspects of modern AI factories, enterprise data centers, and NeoCloud infrastructure, through a unified software control solution.

As part of DCBBS portfolio, Supermicro also delivers a comprehensive portfolio of AI networking solutions, ranging from air and liquid-cooled 800G and 1.6T Ethernet switches including next-generation Co-Packaged Optics (CPO) platforms built on Broadcom Tomahawk 6 switching silicon, optimized for EIA or ORv3 racks. The Supermicro Enterprise Advanced SONiC Networking Operating System gives customers the flexibility to select the networking architecture that best meets their performance, power, scalability, and deployment requirements as AI and large-scale data center environments continue to evolve.

Supermicro DCBBS will also include NVIDIA Spectrum-X Ethernet Photonics switch systems, the first co-packaged Ethernet switches with 200Gb/s SerDes. Built on the 102.4 Tb/s NVIDIA Spectrum-6 Ethernet ASIC, Spectrum-X Ethernet Photonics delivers 5x better power efficiency, 10x greater MTBI, 5x longer uptime for AI applications and 1.3x faster time to deployment, compared to pluggable transceiver-based networks. Spectrum-X Ethernet Photonics is in production now.

Portfolio Overview: Supermicro's broad solution portfolio incorporates many community-based standards, which enable faster and more optimized data centers to be brought online faster.

These include:

1 OU FlexTwin™ Solution: A purpose-built rack-scale HPC solution featuring 1 OU 2-node systems powered by the latest Intel® Xeon® 6 or AMD EPYC™ CPUs.

NVIDIA Vera Rubin NVL72: Supermicro's OCP contributed NVIDIA MGX 1.2 Rack Series is engineered exclusively for NVIDIA Vera Rubin NVL72 and NVIDIA Vera CPU platforms with Supermicro's DCBBS DLC-2 liquid-cooling stack support to streamline rack integration to accelerate deployment.

2 OU NVIDIA HGX B300: Built to the OCP ORv3 specification with advanced liquid cooling technology, each compact 8-GPU node fits into 21-inch racks, enabling up to 18 nodes and 144 total GPUs per rack.

2 OU 4-Node Rack-Scale Solution: Optimized architectures unlocking breakthrough performance, efficiency, and rack density for 24/7 agentic AI, featuring up to 45,696 Arm AGI CPUs per rack.

250 kW 4U In-Rack CDU: Features a high cooling capacity and a compact design with up to 250 kW cooling capacity in a compact 4U form factor. It supports high-density AI racks with 45°C warm-water cooling and energy-efficient data center operation.

OCP ORv3 Rack Series: 44OU and 48OU 21-inch racks with integrated busbars and a 5,000 lb. (2,268 kg) certified static load capacity, liquid cooling ready architecture, optimized mechanical design, including MGX 1.2 (Gen 3) racks.

AMD Helios™ Platform Solution: ORW architecture that is fully integrated and purpose-built for high-volume inference, frontier-model training, fine-tuning, as well as sovereign and agentic AI.

ORv3/ Chiller Door: Compatible with ORv3 rack and features 20-100 kW cooling capacity, and Redfish/SNMP/WebUI/Modus control.

ORW Chiller Door: Compatible with ORW rack and features 60 kW cooling capacity and Redfish/SNMP/WebUI/Modus control.

DCBBS Coolants: Built for an OCP-Style liquid-cooling stack customers have two ready-to-use PG coolants for the TCS loop — DLC-1 for standard liquid-cooled racks, and ultra-low-conductivity DLC-2 for specialty cold-plate designs. Both are designed to align/compatible with the OCP PG25 Base Spec, so racks, in-rack CDUs, RDHx, and cold plates can run as one cooling stack.

Rear Door Heat Exchanger (RDHx): Six rack-mounted cooling solutions that remove heat from liquid-cooled racks. Cooling capacities range from 10 kW to 120 kW, with AC and DC power options available.

Power shelves (1 OU) and Battery Backup Units (2 OU) easily fit into OCP racks.

2 OU CPO Switch: Designed for OCP ORv3 racks with 40-60 VDC busbar power and blind-mate QD08 liquid cooling. Delivers 102.4 Tbps across 128 × 800G ports with Supermicro Enterprise Advanced SONiC support.

System Management Software: Supports Redfish APIs and OpenBMC based architecture for remote management. Availability of attestation and PQC algorithms for security compliance with OCP standards.

DCBBS is Supermicro's integrated approach to building and deploying production-ready AI infrastructure—from rack-scale systems to complete AI factories. DCBBS brings together accelerated compute, high-performance networking, storage, power, advanced liquid cooling, system management software, and deployment services in validated solutions, optimized for, and co-designed by, each customer. By combining Supermicro's engineering and manufacturing capabilities with leading technology ecosystems, DCBBS helps organizations reduce deployment complexity and total cost of ownership, while optimizing performance and efficiency.

See these solutions, and more, in Supermicro booth #B4 at the OCP Global Summit, being held October 12 thru October 15, in San Jose, CA.

About Super Micro Computer, Inc.

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

SOURCE Super Micro Computer, Inc.

Atlantic Union (AUB - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 20. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis holding company for Atlantic Union Bank is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of +14.3%.

Revenues are expected to be $391.81 million, up 4.4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.07% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Atlantic Union?For Atlantic Union, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.91%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Atlantic Union will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Atlantic Union would post earnings of $0.92 per share when it actually produced earnings of $0.94, delivering a surprise of +2.17%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Atlantic Union appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Banks - Northeast industry, SmarFinancial (SMBK - Free Report) , is soon expected to post earnings of $0.96 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +11.6%. Revenues for the quarter are expected to be $57.46 million, up 12.5% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for SmarFinancial has been revised 0.2% down to the current level. Nevertheless, the company now has an Earnings ESP of -2.09%, reflecting a lower Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that SmarFinancial will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

The market expects Alaska Air Group (ALK - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 20. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis airline is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of -66.7%.

Revenues are expected to be $4.31 billion, up 14.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 388.12% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Alaska Air?For Alaska Air, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.35%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Alaska Air will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Alaska Air would post a loss of$0.97 per share when it actually produced a loss of -$0.92, delivering a surprise of +5.15%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Alaska Air doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Ally Financial (ALLY - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on October 20, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis auto finance company and bank is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +16.5%.

Revenues are expected to be $2.29 billion, up 5.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 4.1% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Ally Financial?For Ally Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.50%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Ally Financial will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Ally Financial would post earnings of $1.25 per share when it actually produced earnings of $1.21, delivering a surprise of -3.20%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Ally Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Key Takeaways ATI generated $143.2M in first-half 2026 adjusted free cash flow, reversing a $50.2M outflow.ATI raised its 2026 adjusted free cash flow forecast to $550-$600M on stronger operating performance.ATI returned $470M through buybacks in 2025, with $495M remaining under its current authorization.
ATI Inc. (ATI - Free Report) remains focused on enhancing shareholder value by strengthening and sustaining its cash flow generation. It reported first-half 2026 adjusted free cash flow of $143.2 million against a $50.2 million cash outflow a year ago.

ATI is taking steps to reduce seasonality and improve the consistency of its cash flows. Strong free cash flow generation is being supported by higher adjusted EBITDA and improved operating performance, with healthy aerospace and defense demand expected to sustain cash generation. The company lifted its full-year 2026 adjusted free cash flow forecast to $550-$600 million from the earlier range of $465-$525 million.

Debt reduction, aided by stronger margins and improved cash flows, is enhancing ATI’s financial flexibility. The company also remains committed to returning capital to its shareholders through share repurchases, supported by disciplined and strategic capital allocation.

ATI considers buybacks the most efficient way to return capital to shareholders. It returned $470 million to its shareholders in 2025 in the form of share repurchases. Following the $50 million repurchase in the second quarter, ATI has $495 million remaining under its current buyback authorization.

Among its major peers, Carpenter Technology Corporation (CRS - Free Report) generated a higher adjusted free cash flow of $362.3 million for fiscal 2026 compared with $287.5 million in fiscal 2025. The improvements in product mix, higher realized prices and expanded operating efficiencies support the expansion. For fiscal 2027, Carpenter Technology expects to generate free cash flow in the range of $400 million to $430 million.

Howmet Aerospace Inc. (HWM - Free Report) recorded free cash flow of roughly $838 million for the first six months of 2026, up from the previous-year period’s $478 million. This upside was backed by strong growth in the commercial aerospace, defense aerospace and gas turbines markets. Howmet expects full-year 2026 free cash flow to be in the range of $1,850-$1,950 million.

ATI’s Price Performance, Valuation & EstimatesShares of ATI have shot up 121.8% in the past year against the Zacks Aerospace - Defense Equipment industry’s decline of 12.8%.

Image Source: Zacks Investment Research

From a valuation standpoint, ATI is currently trading at a forward price-to-sales multiple of 4.61, a roughly 33.3% discount to the industry average of 6.91X. It carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for ATI’s 2026 and 2027 earnings implies a year-over-year rise of 57.7% and 24.6%, respectively. The EPS estimates for 2026 and 2027 have been trending higher over the past 60 days.

Image Source: Zacks Investment Research

New agentic AI capabilities help businesses navigate changing employment laws, mitigate risk, and confidently complete compliance tasks  | Source: Paychex, Inc.

New capabilities make employment law compliance more accessible to business leaders and lean HR teams navigating hundreds of legal changes each yearEvery answer and action is grounded in strict workflows and SixFifty’s proprietary, attorney-built and maintained database of federal, state and local employment laws ROCHESTER, N.Y., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Paychex (Nasdaq: PAYX), a leading provider of expert-enabled HR, payroll, and benefits, today announced that SixFifty, the company’s employment law compliance platform, has released the HCM industry’s first agentic HR compliance specialist. Users can chat with the agentic HR compliance specialist to get trusted employment compliance information and turn it directly into action by completing necessary compliance tasks.

SixFifty Transforms Compliance from a Manual Burden into an Automated Workflow 
Employment law requirements often present challenges for businesses and compliance becomes increasingly complex for those operating across multiple jurisdictions. In the past year alone, SixFifty’s employment compliance team tracked more than 440 changes to employment laws across nearly 130 federal, state and local jurisdictions, including 45 states and the District of Columbia and more than 80 cities and counties. With new agentic AI capabilities, SixFifty can now execute multi-step compliance tasks, from drafting employment documents and distributing updated handbooks to delivering labor law posters and tracking employee acknowledgments. 

New Agentic AI Specialist Built to Support HR Compliance at Scale 
The new agentic HR specialist in the SixFifty platform helps businesses comply with employment laws across the country by: 

Answering questions about employment law in every state, city, and county in the United StatesDrafting and updating employee handbooks, HR policies, and contracts and sending them for signature Distributing digital labor posters and new hire notices based on where employees are locatedProvisioning required sexual harassment trainings Collecting complaints, requests, and suggestions from employees Filing state government documents when a company hires someone in a new location  “Employment law has become too complex and changes too quickly for small and mid-sized businesses to manage manually,” said Kimball Parker, founder and CEO of SixFifty. “We started SixFifty with a simple belief: the law should be accessible to all. With our agentic HR specialist, we’re taking that idea one step further to provide business leaders with trusted employment law guidance and the tools to act on it.”

Each agentic action is grounded in strict workflows and the federal, state and local employment law database maintained by SixFifty’s employment compliance team. The agentic HR compliance specialist acts based on the user’s instructions, combining SixFifty’s proprietary, attorney-built employment law foundation with agentic technology designed to help businesses turn guidance into action. For business leaders and lean HR teams, automating those steps can significantly reduce the administrative burden associated with employment law compliance.

“SixFifty is our go-to for proactive monitoring and compliance, giving us an end-to-end resource to draft and maintain a wide range of policies and procedures with a great ability to customize and adapt to our specific business and culture,” said Chris Walker, VP of human resources at Sportsman’s Warehouse. “It is often our one-stop-shop for getting tailored perspective on specific situations. It's great at breaking them down, providing solid, practical suggestions, and getting us a solid head start on issues we can resolve internally or take to counsel. It's helped us be more prepared, efficient, and effective in our use of outside counsel – cutting down on unnecessary legal spend.”

SixFifty is available as standalone to non-Paychex payroll clients, as well as integrated with Paychex Flex® and Paycor® through WISE (Workforce Intelligence Strengthened by Expertise), the company’s AI-powered intelligence engine. The new agentic HR compliance specialist is now available to SixFifty standalone customers and trial users, with advanced capabilities coming to the integrated solutions later this fiscal year. To learn more about SixFifty or start a free trial, visit sixfifty.com.

To learn more about Paychex, visit paychex.com.

About Paychex
Paychex, Inc. (Nasdaq: PAYX) provides a comprehensive suite of expert-enabled technology and advisory solutions that help businesses manage HR, payroll, and benefits. Serving approximately 840,000 customers and paying 1 in 11 U.S. private sector workers, Paychex combines scale, trusted expertise, and innovation to help businesses succeed. Built on more than 50 years of workforce experience and one of the industry’s largest proprietary HR datasets, Paychex’s WISE agentic AI engine embeds intelligence directly into workflows to improve productivity, enhance decision-making, and deliver better outcomes. Learn more at paychex.com.

Media Contact
Tracy Volkmann
Paychex, Inc.
Manager, Public Relations
(585) 387-6705
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ebc1492-d542-44d9-9f13-9ca5a5fd2f23

Paychex, SixFifty Announce Agentic HR Compliance Specialist New agentic AI capabilities help businesses navigate changing employment laws, mitigate risk, and co...

Explore SixFifty

Key Takeaways Uncrustables posted 12% sales growth in Q1 fiscal 2027, with record sales, volume and household reach.
New fridge-friendly sandwiches and morning protein flavors are fueling Uncrustables' growth.
J.M. Smucker is accelerating Alabama capacity expansion as Uncrustables' household penetration hits 27%.

The J. M. Smucker Company (SJM - Free Report) continues to build momentum in its Uncrustables business, driven by growing consumer demand, expanding distribution and product innovation. The frozen handheld sandwich brand remains a key growth platform, with investments in brand development and manufacturing capacity supporting the company's efforts to broaden its consumer reach.

In the first quarter of fiscal 2027, Uncrustables delivered 12% net sales growth at the total-company level, driven by a double-digit increase in volume/mix. The brand achieved record quarterly sales, volume and household penetration, reflecting the benefits of brand-building initiatives, distribution gains and consumer-focused innovation.

Product innovation continues to support this growth trajectory. The recently launched fridge-friendly Uncrustables sandwiches are resonating with consumers, supported by marketing efforts across social, influencer and digital channels. The company has also introduced Beamin' Berry Blend and Burstin' Blueberry flavors under its morning protein platform. These additions are generating incremental growth and expanding the brand's presence in morning consumption occasions.

Uncrustables' household penetration reached 27%, indicating expansion opportunities. To support the brand's growth, Smucker is accelerating plans to bring the second phase of its McCalla, Alabama, manufacturing facility online toward the end of fiscal 2027. Uncrustables also delivered double-digit growth in Away From Home, benefiting from expanding distribution across convenience stores and other channels.

Uncrustables' growth trajectory remains supported by innovation, distribution expansion and additional manufacturing capacity. With volume growth expected in fiscal 2027, these initiatives are central to sustaining the brand's momentum. The pace of further expansion will depend on continued consumer demand, successful product launches and the execution of planned capacity additions.

SJM Stock Price Performance, Valuation & EstimatesShares of the Zacks Rank #3 (Hold) company have rallied 19% over the past year against the industry’s decline of 20.5%.

SJM Price Performance Versus Industry
Image Source: Zacks Investment Research

From a valuation standpoint, SJM trades at a forward price-to-earnings ratio of 11.10, below the industry’s average of 13.79.

SJM’s Valuation Compared to Industry
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SJM’s current and next fiscal-year earnings per share implies year-over-year growth of 17.1% and 1.9%, respectively.

Stocks to ConsiderLamb Weston Holdings, Inc. (LW - Free Report) , a leading global producer of frozen potato products, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Lamb Weston’s current fiscal-year sales and earnings per share (EPS) implies a decline of 0.8% and growth of 6.3%, respectively, from the year-ago figures. LW delivered a trailing four-quarter earnings surprise of 22.1%, on average.

Mama's Creations, Inc. (MAMA - Free Report) , a prepared-foods company focused on fresh, ready-to-eat and deli products, currently carries a Zacks Rank of 2. MAMA delivered a trailing four-quarter surprise of 121.7%, on average.

The Zacks Consensus Estimate for Mama's Creations’ current fiscal-year sales and EPS indicates respective increases of 30.3% and 66.7% from the year-ago period.

Laird Superfood, Inc. (LSF - Free Report) , a consumer product company that develops, manufactures and markets plant-based, natural and functional food and beverage products, currently carries a Zacks Rank #2. LSF delivered an earnings surprise of 100% in the last reported quarter.

The Zacks Consensus Estimate for Laird Superfood’s current fiscal-year sales and EPS implies growth of 188.2% and 104%, respectively, from the year-ago figures.

Valmont Industries (VMI - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on October 20, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis infrastructure equipment maker is expected to post quarterly earnings of $5.71 per share in its upcoming report, which represents a year-over-year change of +14.7%.

Revenues are expected to be $1.12 billion, up 6.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.47% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Valmont?For Valmont, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.18%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Valmont will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Valmont would post earnings of $5.76 per share when it actually produced earnings of $6.14, delivering a surprise of +6.60%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Valmont doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Credo Technology is growing faster than Marvell and Astera Labs yet trades at a fraction of their valuations, which raises a question every AI investor should sit with before the next earnings report.

The 24/7 Wall St. price target for Credo Technology (NASDAQ:CRDO | CRDO Price Prediction) is $258.39, which means 21.17% upside from the current $213.24. The model rates the stock a buy with high confidence.

Metric Value Current Price $213.24 Price Target from 24/7 Wall St. $258.39 Upside/Downside 21.17% Recommendation BUY Confidence Level 90% Management expects fiscal 2027 revenue growth of more than 85% and more than $600 million of optical revenue. Even so, Credo trades at a forward P/E of about 31x.

Wall Street sits further out: the consensus target is $279.09, with 5 Strong Buy ratings, 14 Buy ratings and 1 Hold.

Credo Has Recovered From Its Post-Earnings Drop Shares closed at $227.76 on the day of the fiscal Q1 2027 earnings report, then fell to $170.57 by September 5. The stock has gained back much of that ground, rising 26.76% over the past month and 47.78% year to date. It sits about 30.9% off its 52-week high of $308.67.

Revenue of $479M beat the $470.38M estimate and grew 114.7% year over year. Non-GAAP EPS of $1.20 also came in ahead of the $1.17 estimate.

GAAP EPS of $0.78 missed expectations of $0.93. The gap comes from amortization tied to the Dust Photonics acquisition, which raised goodwill to $986.45M. For fiscal Q2, Credo guides revenue to $525M to $535M.

Optics Could Push Credo Toward $335 The bull case puts Credo at $335.48. Active electrical cables (AECs) remain Credo’s largest business, but its optics portfolio is growing faster. Management expects ZeroFlap optics, silicon photonics chips and optical DSPs to each contribute more than $100 million in fiscal 2027.

OmniConnect could add “thousands of dollars of Credo content per GPU” starting in fiscal 2028. Management also expects non-GAAP net margin in the vicinity of 50% in fiscal 2027.

Customer Concentration Is the Biggest Risk The bear case is $204.22. Credo’s largest customer accounted for 33% of revenue last quarter, and the second-largest accounted for 28%. GAAP gross margin contracted to 64.5% from 68.2%, and inventory rose by $62.2 million in a single quarter.

There is a reasonable explanation for both: the margin hit comes from acquisition amortization, and the inventory build supports the optical growth. Non-GAAP gross margin held at 68.0%.

Credo Is Cheaper Than Marvell and Astera Labs Marvell Technology (NASDAQ:MRVL) competes directly with Credo in data center DSPs and interconnect.

Astera Labs (NASDAQ:ALAB) is the closest pure play on AI connectivity. Astera grew revenue 104.5% last quarter, slower than Credo, yet it trades at nearly twice Credo’s sales multiple. Marvell grew revenue 36.5% and carries about twice Credo’s forward P/E.

Company Forward P/E Price/Sales (TTM) Credo 31x 25.99 Marvell 62x 26.12 Astera Labs 56x 50.09 Compared with these peers, the 24/7 Wall St. price target looks conservative.

Credo’s Growth Outweighs Its Volatility Our 24/7 Wall St. price target of $258.39 carries a buy rating with 90% confidence. What tips the scale for me is the valuation.

Credo is growing faster than either peer and trades at a lower forward multiple (we reverse-engineered what the biggest tech winners looked like early in a free playbook you can grab here). I’d turn more bullish if 1.6T DSP revenue arrives on schedule. I’d grow cautious if a top hyperscaler pulls back on spending.

Credo Technology Price Prediction 2026-2030 Beyond that, here is where our model projects Credo could trade at the end of each year, based on our base-case scenario:

Year Price Target from 24/7 Wall St. 2026 $236.57 2027 $258.64 2028 $298.29 2029 $313.76 2030 $339.58 The estimates rest on Credo continuing to execute on its current strategy. The results could land well above or below these figures depending on how fast hyperscalers adopt Active LED Cables and whether AI capital spending slows.

Contact [email protected] for any questions or corrections.

SoFi Technologies Inc. (NASDAQ:SOFI) has spent most of 2026 heading lower. StoneX Financial believes the selling has gone too far.

The firm launched coverage of SoFi with a Buy rating and a $25 price target, CNBC reported. The target implies roughly 64% upside from Monday’s close of $15.23.

Shares have lost nearly 42% year to date and trade more than 50% below their 52-week high of $32.73, according to Benzinga Pro market data. 

SOFI stock is moving. See the chart and price action here. 
Business Vs. Share PriceAnalyst Mark Palmer built the call around a widening gap between SoFi’s results and its stock.

“SOFI’s share price is down ~40% this year while its 2Q26 adjusted net revenue grew by more than 40% [year over year],” Palmer said in a Monday note to clients, per CNBC.  

“A 40% price decline alone does not make a stock inexpensive, but such a drop paired with record operating progress and an underappreciated new business line does, in our view.”

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He argued the market is pricing in a slowdown that hasn’t shown up. “SOFI during 2Q26 added more members, more deposits, more products and more profit than in any prior quarter, but the market has marked the stock down as if all four were in retreat,” Palmer wrote.

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StoneX expects SoFi to turn top-line gains into profit after heavy marketing outlays. Palmer also cited an accelerating member flywheel and “the most advanced bank-issued stablecoin franchise in the U.S.”

Record Quarter, Cautious GuideThe second quarter supports much of the bull case. Adjusted revenue climbed 40% to a record $1.2 billion, topping estimates of $1.12 billion, Reuters reported. Membership rose 35% to 15.8 million, and loan originations hit a record $14.8 billion.

Investors sold anyway. SoFi raised its full-year revenue outlook to $4.75 billion to $4.85 billion but held its adjusted profit forecast at 60 cents a share. The stock fell 9% in early trading after the July report.

CEO Anthony Noto told CNBC the company left earnings guidance alone because of potential Federal Reserve rate hikes.  

“I just think higher rates create some uncertainty generally,” Noto said, adding, “we just wanted to leave some cushion.”

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The Stablecoin AngleSoFi’s newest business line is the piece Palmer considers underappreciated. The company opened its dollar-pegged SoFiUSD token to nearly 15 million app users this year, The Wall Street Journal reported. It was the first national bank to offer a stablecoin on a public blockchain.

Wall Street SplitWall Street leans bullish, but not by much. Of the 22 analysts tracked by Benzinga, nine rate SoFi a Buy or Strong Buy and nine have a Hold. Four rate it a Sell. The consensus rating is a Buy, and the average price target of $19 implies about 24.8% upside.

Piper Sandler turned bullish in August with an overweight rating and a $22 target.

SOFI Stock Price Activity: SoFi Technologies shares are trading higher by 0.23% at $15.27 at the time of publication on Tuesday, according to Benzinga Pro data.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

SentinelOne Inc. (NYSE:S) shares are trading lower after the company announced a proposed private placement of $1.25 billion of convertible senior notes due 2031.

SentinelOne shares are retreating from recent levels. Why is S stock dropping?
A $1.25 Billion Note Sale, With Up to $150 Million Going to BuybacksSentinelOne intends to offer $1.25 billion of 0.00% convertible senior notes due 2031 to qualified institutional buyers, and to give the initial purchasers an option to buy up to an additional $187.5 million. The notes will not bear regular interest. Upon conversion, SentinelOne can pay in cash, Class A shares or a combination of both.

The company plans to use the net proceeds to pay for capped call transactions, which are intended to reduce potential dilution from conversion, and to repurchase up to $150 million of its Class A shares concurrently with pricing, at the closing price on the pricing date. The remainder is earmarked for general corporate purposes, additional buybacks, working capital, capital expenditures and potential acquisitions or investments. The final terms, including the conversion rate, will be set at pricing.

Separately, SentinelOne said it intends to enter a credit agreement for a $400 million secured revolving credit facility and is in talks with potential lenders. The agreement hasn’t been signed, and the note offering isn’t contingent on it.

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S Price Action: At the time of publication, SentinelOne shares are trading 8.42% lower at $ 23.50, according to data from Benzinga Pro.

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SkyWater and D-Wave Extend Quantum Manufacturing Collaboration Through Multi-Year Agreement SkyWater Technology (“SkyWater”), the first quantum foundry in the U.S., and D-Wave Quantum Inc. (Nasdaq: QBTS) ("D-Wave"), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced a multi-year agreement. This collaboration extends the long-established partnership between both companies, to continue specialized semiconductor process development and manufacturing in support of D-Wave's quantum technology roadmap.

D-Wave's work with the process integration and manufacturing team at SkyWater’s Minnesota fab spans more than a decade, creating a deep base of process knowledge around its superconducting quantum technologies. The two companies are working together and bring different strengths. D-Wave knows how to engineer superconducting processes and how to design quantum systems and processors. SkyWater is skilled at combining manufacturing steps into one process, engineering materials, making very thin layers of material, and manufacturing semiconductors.

That technical collaboration has supported multiple generations of D-Wave technology, including fabrication of Advantage2™ processors. A D-Wave Advantage2 system, fabricated at SkyWater, was used in research published in Science in 2025 demonstrating performance beyond classical approaches on a useful quantum simulation problem.

Under the new agreement, D-Wave will continue its relationship with SkyWater’s Minnesota fab team, providing manufacturing continuity and access to specialized process expertise developed around its technology requirements. The agreement builds on that established technical foundation, with terms that protect D-Wave’s intellectual property as the company advances its quantum systems.

Separately, the companies collaborated on a proof-of-technology project earlier this year, applying D-Wave’s annealing quantum computing technology to drive more efficient manufacturing processes at SkyWater’s fab. The optimized maintenance schedule reduced lot delays by up to 30%, improving factory throughput. A forthcoming proof-of-concept will focus on extending the model to include resource availability, technician constraints, and additional fab-specific operational constraints.

"Our team has developed deep process knowledge around D-Wave's highly specialized technology, demonstrating the value of close collaboration between quantum innovators and semiconductor manufacturers," said Thomas Sonderman, CEO of SkyWater Technology. "This agreement reinforces our commitment to providing D-Wave and customers across the quantum ecosystem with the unique process development and manufacturing capabilities they need to advance their technologies."

"Our work with the SkyWater team has played an important role in powering the past decade of D-Wave's superconducting quantum annealing technology," said Dr. Alan Baratz, CEO of D-Wave. "This agreement provides continuity with an experienced manufacturing team and specialized process capabilities we know well as we build the next generations of our quantum systems."

The agreement reflects growing demand for semiconductor manufacturing infrastructure capable of supporting the specialized materials, processes and integration requirements of quantum technologies. SkyWater recently launched SkyWater Quantum Solutions to help quantum companies transition technologies from development toward repeatable manufacturing. The company continues to serve existing customers such as D-Wave across the broader quantum ecosystem.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software and services. It is the world's first commercial supplier of quantum computers, and the first and only company to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how we’re shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.

About SkyWater Technology

SkyWater Technology is the largest exclusively U.S.-based semiconductor foundry. SkyWater provides advanced development and manufacturing services that enable customers to bring differentiated technologies from concept to production. Through its U.S.-based facilities and specialized process development, wafer manufacturing and advanced packaging capabilities, SkyWater serves customers across quantum computing, aerospace and defense, automotive, industrial, biomedical and other advanced technology markets. Learn more at www.skywatertechnology.com.

D-Wave Forward-Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

SkyWater Forward Looking Statements

This press release contains forward-looking statements. All statements contained in this press release other than statements of historical fact are forward-looking statements, including statements regarding demand for quantum-supporting semiconductor manufacturing infrastructure, SkyWater Quantum Solutions, SkyWater’s continuing service of its customers, and SkyWater’s future proof-of-concept. In some cases, you can identify these statements by forward-looking words such as “will,” “toward,” “grow,” “advance,” “commitment,” “continue,” and other similar expressions. These statements are only predictions based on our expectations and projections about future events as of the date of this press release and are subject to a number of risks, uncertainties and assumptions that may prove incorrect, any of which could cause actual results to differ materially from those expressed or implied by such statements, including, among others, those described under the heading “Risk Factors” in IonQ, Inc.’s Annual Report on Form 10-K for 2025 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 filed with the Securities and Exchange Commission. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement we make. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Except as otherwise required by law, IonQ, Inc. and its management undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261013704307/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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Under a New 15-Year Definitive Agreement, Traxys Agrees to Purchase 50% of NioCorp's Planned Ferroniobium Production on a Volumetric Take-or-Pay Basis, with the Remaining 50% Covered by an Existing Offtake Agreement with ThyssenKrupp

Traxys Will Have the Exclusive Right to Broker Sales to Industrial and/or Government Customers of NioCorp's Planned Scandium, Titanium and Rare Earth Products Over 15 Years

This Major Commercial Milestone is Expected to Support the Advancement of NioCorp's Proposed Debt Financing Package with the U.S. Export-Import Bank

CENTENNIAL, CO / ACCESS Newswire / October 13, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. developer of critical minerals, has reached a definitive agreement (the "Agreement") with Traxys North America LLC ("Traxys"), a leading global trader and merchant in the metals and natural resources sectors, resulting in 100% of the Company's planned production from its Elk Creek Critical Minerals Project (the "Elk Creek Project") now being supported by commercial agreements during the first 15 years of operations.

Under the binding Agreement, Traxys will purchase, on a take-or-pay basis, 50% of NioCorp's planned ferroniobium production from its Elk Creek Project over the first 15 years of production. The Agreement supersedes and replaces the prior ferroniobium and scandium offtake arrangements between NioCorp and Traxys. NioCorp's existing offtake agreement with ThyssenKrupp Metallurgical Products GmbH ("ThyssenKrupp") covering the other 50% of NioCorp's planned ferroniobium production from its Elk Creek Project over the first 10 years of production remains unchanged.

Traxys will also have the exclusive right, but not the obligation, to purchase all of NioCorp's planned products beyond ferroniobium, including scandium, titanium and rare earth products, and to serve as NioCorp's exclusive global marketing and sales partner, leveraging its established global customer network and the central role it now plays in the Trump Administration's Project Vault initiative, which is designed to facilitate sales of critical minerals to large manufacturers.

"We've always believed the right commercial partner is just as important as the products themselves," said Mark A. Smith, CEO and Executive Chairman of NioCorp. "Members of our management team have worked with the Traxys team for several decades, and they've built an outstanding reputation in these markets. They understand these products, they understand the customers, and we've developed a high level of confidence in their team over many years. Expanding that relationship was a logical next step for us."

"Together with our existing ferroniobium offtake agreement, every product we plan to produce at Elk Creek is now supported by long-term commercial agreements for 15 years of operations with highly reputable commercial partners," Mr. Smith said. "That puts us in an even stronger position as we advance our remaining financing efforts, including addressing one of the key due diligence items in EXIM's review of our proposed financing package. Just as importantly, it shows there are experienced market participants willing to commit to the products we expect to bring to market."

Mark Kristoff, CEO of Traxys, said: "If recent and ongoing geopolitical events have shown us anything, it's that manufacturers can no longer assume critical mineral supply will always be available when and where it's needed. Customers today are looking for reliable, long-term supply from trusted jurisdictions, and that trend is only accelerating. We've worked with Mark and his team for many years, and we believe the Elk Creek Project is exceptionally well positioned to help meet that demand."

Mr. Kristoff continued, "As a key participant in President Trump's Project Vault initiative, Traxys is focused on helping build stronger domestic critical mineral supply chains by connecting emerging producers with manufacturers seeking dependable long-term supply. That's exactly why we're expanding our relationship with NioCorp through this agreement, and we look forward to bringing Elk Creek's products to customers across North America and allied markets in the future."

The Agreement is binding on the parties. Deliveries under the Agreement remain subject to completion of project financing, construction of the Elk Creek Project, commencement of commercial production, and the finalization of customary ancillary commercial terms between the parties.

Separately from the Agreement, NioCorp and Traxys continue to discuss a potential strategic equity investment by Traxys of up to $30 million in NioCorp. Any such investment is not part of the Agreement and would remain subject to further negotiation, due diligence, and the execution of definitive documentation. There can be no assurance that an investment will be agreed to or completed.

# # #

FOR MORE INFORMATION:

For NioCorp

Jim Sims, Chief Communications Officer, NioCorp Developments Ltd., (720) 334-7066, [email protected]

Alex Guthrie, Director, Investor Relations, NioCorp Developments Ltd., (647) 999-0527, [email protected]

@NioCorp $NB #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek

For Traxys

FGS Global, [email protected]

ABOUT NIOCORP

NioCorp is developing the Elk Creek Project that is expected to produce niobium, scandium, titanium and several rare earth products, including neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, samarium-europium-gadolinium ("SEG") carbonate, and heavy rare earth carbonate. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of neodymium-iron-boron magnets, which are used across a wide variety of defense and civilian applications.

ABOUT TRAXYS GROUP

Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management, and trading activities are conducted by over 450 employees in over 20 offices worldwide, and its annual turnover reaches USD 10 billion. Traxys is engaged in sourcing, trading, marketing, and distributing non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy.

The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. Traxys is committed to the highest internationally recognized principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements may include, but are not limited to, statements regarding the Company's debt financing application process with EXIM, including NioCorp's expectation that the Agreement is expected to support the advancement of the debt financing process with EXIM; statements that NioCorp is evaluating for production oxides of the rare earths samarium, europium, gadolinium, and yttrium, in addition to the metal forms of all of the elements it plans to produce; statements regarding a potential strategic equity investment by Traxys of up to $30 million in NioCorp; NioCorp's expectation of producing niobium, scandium, titanium and several rare earth products, including neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, SEG carbonate, and heavy rare earth carbonate at the Elk Creek Project; and NioCorp's confidence in and ability to secure sufficient project financing to complete construction of the Elk Creek Project and move it to commercial operation, as well as efforts and expenditures relating to the same. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; the future price of and demand for metals, including Al-Sc alloy; the impact that Chinese restrictions have on pricing and demand including the existence of a bifurcated market between China and the rest of the world; and the stability of the financial and capital markets. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the Securities and Exchange Commission and with the applicable Canadian securities regulatory authorities and the following: NioCorp's requirement of significant additional capital; NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; NioCorp's ability to achieve the required milestones and receive the full $10.0 million in reimbursement under the Project Sub-Agreement with Advanced Technology International, an entity acting on behalf of the Defense Industrial Base Consortium under the authority of the U.S. Department of War; NioCorp's ability to receive a final commitment of financing from EXIM or other debt financing or financial support on acceptable timelines, on acceptable terms, or at all; NioCorp's ability to continue to meet the listing standards of The Nasdaq Stock Market LLC; risks relating to NioCorp's common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness, if any, or other agreements may impair NioCorp's ability to obtain additional financing, on acceptable terms, or at all; NioCorp's limited operating history; NioCorp's history of losses; the material weakness in NioCorp's internal control over financial reporting, NioCorp's efforts to remediate such material weakness and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the "Code"); the potential that the business combination with GX Acquisition Corp. II and other related transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; changes in tax laws and regulations; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products, including, without limitation, a reduction of demand for scandium from a downturn in capital spending for AI; impacts on the markets and pricing for scandium and rare earth products from the Chinese-based markets, including any future changes to export restrictions; current and future offtake agreements, joint ventures, and partnerships, including NioCorp's ability to negotiate extensions to existing agreements or to enter into new agreements, on favorable terms or at all; NioCorp's ability to negotiate definitive agreements for existing non-binding memoranda of understanding and non-binding term sheets; NioCorp's ability to attract qualified management; estimates of mineral resources and reserves; mineral exploration and production activities; technical and economic study results; the results of metallurgical testing; the results of technological research; unexpected variations in the quantity of ore, grade or recovery rates, or the presence of deleterious elements that would affect the process plant or waste removal; unexpected geotechnical and hydrogeological conditions from what was assumed in the mine designs; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining and scandium alloy industries; trade policies and tensions, including tariffs and other export controls; inflationary pressures; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; changes in other environmental and social factors; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, development or scandium alloy production activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities or grades of reserves and resources; claims on the title to NioCorp's properties; the infringement or loss of NioCorp's intellectual property rights; potential future litigation; NioCorp's lack of insurance covering all of NioCorp's operations; and changes in operating and capital costs, exchange rates, metallurgical performance, labor availability and other risks associated with the mining industry.

Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.

All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

SOURCE: NioCorp Developments Ltd.

GigaCloud Technology Inc. (GCT - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this company have returned +9.5% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Technology Services industry, to which GigaCloud Technology Inc. belongs, has lost 5.6% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, GigaCloud Technology Inc. is expected to post earnings of $1.28 per share, indicating a change of +29.3% from the year-ago quarter. The Zacks Consensus Estimate has changed +20% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $4.92 points to a change of +37.1% from the prior year. Over the last 30 days, this estimate has changed +17.7%.

For the next fiscal year, the consensus earnings estimate of $5.82 indicates a change of +18.3% from what GigaCloud Technology Inc. is expected to report a year ago. Over the past month, the estimate has changed +20.5%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, GigaCloud Technology Inc. is rated Zacks Rank #1 (Strong Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For GigaCloud Technology Inc., the consensus sales estimate for the current quarter of $394.8 million indicates a year-over-year change of +18.7%. For the current and next fiscal years, $1.59 billion and $1.75 billion estimates indicate +23.4% and +9.9% changes, respectively.

Last Reported Results and Surprise HistoryGigaCloud Technology Inc. reported revenues of $411.64 million in the last reported quarter, representing a year-over-year change of +27.6%. EPS of $1.16 for the same period compares with $0.91 a year ago.

Compared to the Zacks Consensus Estimate of $383.7 million, the reported revenues represent a surprise of +7.28%. The EPS surprise was +36.47%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

GigaCloud Technology Inc. is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about GigaCloud Technology Inc.. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.

U. of I. and NANO Nuclear have continued technical engagement with the NRC through the ongoing audit process following formal acceptance of the KRONOS MMR™ Construction Permit Application for review

Continued licensing progress supports NANO Nuclear's previously disclosed expectation for the opportunity to begin initial construction activities in the second half of 2027

New York, New York--(Newsfile Corp. - October 13, 2026) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or the "Company"), an advanced nuclear energy and technology company developing microreactors, nuclear fuel cycle capabilities and nuclear transportation solutions, today announced continued progress in the U.S. Nuclear Regulatory Commission's ("NRC") review of the Construction Permit Application ("CPA") for deployment of NANO Nuclear's KRONOS MMR™ Energy System at the University of Illinois Urbana-Champaign ("U. of I.").

Following the submission of the CPA by U. of I. on March 31, 2026, formal acceptance of the CPA for review by the NRC on May 18, 2026, and the initiation of formal review activities on June 23, 2026, U. of I. and NANO Nuclear have since been engaging with the NRC as part of its detailed audit and technical review process for several months.

Throughout the ongoing audit, technical teams from U. of I. and NANO Nuclear have maintained frequent engagement with NRC staff, responding to questions, providing additional information and discussing technical areas identified by the NRC as part of its review. NANO Nuclear believes this sustained interaction represents an important component of advancing the CPA through the NRC's safety, environmental and technical review process.

The current audit activities are expected to continue over the near-term, with U. of I. and NANO Nuclear seeing opportunity for completion of this phase in the coming months, subject to the NRC's review schedule, the scope and timing of any additional information requests and other regulatory considerations.

Figure 1- Rendering of NANO Nuclear Energy's KRONOS MMR™ Energy System on the U. of I. Campus.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11703/318661_1fc59e1ed4f56a5e_003full.jpg

The NRC's current public project schedule targets completion of a draft Environmental Assessment and draft Safety Evaluation in February 2027 with a final Environmental Assessment in May 2027, followed by issuance of the final Safety Evaluation in September 2027. These milestones remain consistent with NANO Nuclear's previously disclosed expectation for initial construction activities for the KRONOS MMR™ project at the U. of I. to commence during the second half of 2027, subject to receipt of the required regulatory approvals and other customary project requirements.

"The continued progress of the KRONOS MMR™ through the NRC's review process reflects the years of technical, regulatory and engineering work that have gone into this program," said Jay Yu, Chairman and President of NANO Nuclear Energy. "Together with U. of I., we are steadily advancing one of the most important objectives for NANO Nuclear: moving our flagship reactor technology from engineering and development toward construction and real-world demonstration. Each step forward in the licensing process brings us closer to that goal and strengthens the foundation for our broader deployment strategy."

"The NRC's review of the KRONOS MMR™ Construction Permit Application is a detailed and rigorous process, and the sustained engagement between the NRC, U. of I. and our technical teams is exactly what we expect at this stage of the program," said James Walker, Chief Executive Officer of NANO Nuclear Energy. "Our focus is on working methodically through the NRC's questions and technical areas of review and providing the information necessary to support its independent evaluation. We are encouraged by the progress to date and remain focused on maintaining the technical and regulatory discipline required to advance the KRONOS MMR™ project toward the opportunity to begin initial construction activities in the second half of 2027."

"A project of this nature requires extensive and sustained engagement with the NRC to demonstrate the safety basis of the technology and provide the rigorous technical information necessary for the regulator's independent review," said Caleb Brooks, Abel Bliss Professor and Donald Biggar Willett Faculty Scholar of Nuclear, Plasma and Radiological Engineering at the U. of I.'s Grainger College of Engineering. "The ongoing audit provides an important forum for our teams to work through detailed technical questions with NRC staff as the Construction Permit Application progresses. We remain committed to this rigorous process and to advancing the KRONOS MMR™ project as a potentially unique platform for nuclear research, education, workforce development and at-scale demonstration."

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel supply chain, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services.

Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include the proprietary KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign, the ZEUS™ system, a portable solid core battery reactor, and the space focused, portable LOKI MMR™ system, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface.

For more corporate information please visit: https://NanoNuclearEnergy.com/

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Cautionary Note Regarding Forward-Looking Statements

This news release and statements of NANO Nuclear's management and collaborators in connection with this news release contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "explore," "plans", "aim," "goal," "believes", "potential", "future," "will", "should", "could", "would" or "may" or derivations of these words and other words of similar meaning about the future, although forward-looking statements could be denoted by other terms as well. In this press release, forward-looking statements include those relating to the timing for NRC review of the Construction Permit Application for the KRONOS MMR™ at U. of I. and the anticipated timing for commencement of initial construction activities for the KRONOS MMR™ at U. of I. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to, risks associated with the timing for and nature of the NRC's review of the KRONOS MMR™ Construction Permit Application, including risks beyond NANO Nuclear's control which may cause review or other delays which may cause the Company's timing estimates expressed herein to be inaccurate, as well as the following: (i) risks related to our U.S. Department of Energy ("DOE"), NRC, Canadian Nuclear Safety Commission ("CNSC") or related state or other U.S. or non-U.S nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complementary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) risks related to our ability to obtain key vendor, technology and customer contracts and the significant funding necessary to execute on our business plan, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the U.S. Department of Energy, and the NRC, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating a developing business a highly regulated, competitive and rapidly evolving industry, including that our plans may change and we may use our cash on hand faster or in different ways than anticipated as our business requires. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318661

Source: NANO Nuclear Energy Inc.

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Apple is getting serious about the smart home space. The company on Tuesday showed off its new Apple Home Collection, which includes a new smart deadbolt lock, video doorbell, thermostat, temperature sensor, and a range of security cameras.

The new devices are designed to work with HomeView, the company’s new smart home hub which can be used to control connected accessories and interact with Apple’s software.

This new range of smart home accessories could help Apple compete better with Amazon Ring and Google Nest, two established players in connected home security. The products will become available in December.

Apple says the devices were built in partnership with LG Electronics and Schneider Electric — an interesting move for the company, which has long sought to build and support every smart home accessory itself.

The smart lock, priced at $349.95, stands out for its support for ultra-wideband (UWB), a wireless technology that enables more precise proximity detection than traditional Bluetooth. This could allow the lock to recognize when an authorized user approaches and automatically unlock the door, reducing the need to pull out a phone or reach for a physical key.

The $249.95 wired video doorbell, meanwhile, will let homeowners see who’s outside, monitor visitors, and receive notifications when someone approaches their property. When someone rings it, a chime will sound through Apple devices like HomeView, HomePod, and HomePod mini. Users will also be notified on their iPhone or iPad.

As for the temperature sensor, it can provide insight into conditions in individual rooms, helping users identify temperature differences between areas and make adjustments.

For security, Apple is also introducing indoor and outdoor cameras, as well as a floodlight camera ($399.95) that combines exterior lighting with video monitoring. The camera lineup includes features such as live viewing, motion detection, intelligent alerts and video storage.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Lauren covers media, streaming, apps and platforms at TechCrunch.

You can contact or verify outreach from Lauren by emailing [email protected] or via encrypted message at laurenforris22.25 on Signal.

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When sterling weakens, gold in pounds tends to rise even if the dollar price stands still.Gold is priced in US dollars on the world market, but a saver in Manchester or Glasgow does not spend dollars. What matters to a UK household is the gold price in pounds, and that price moves with two things at once: the dollar price of gold and the GBP/USD exchange rate. When sterling weakens, gold in pounds tends to rise even if the dollar price stands still.

That mechanism is why a growing number of UK savers buy gold bullion as a small reserve alongside their cash savings. Not as a bet on the metal alone, but as a way to hold part of their wealth in an asset that does not depend on the fortunes of the pound.

How the currency effect worksTake a simple example. If gold trades at a fixed dollar price and the pound falls from $1.30 to $1.20, an ounce of gold suddenly costs roughly eight per cent more in sterling. Nothing happened to the metal; the pound simply bought fewer dollars. For a UK saver, that move shows up as a gain on their gold holding at the very moment the purchasing power of their pounds on imported goods, holidays and energy is under pressure.

The effect is strongest when both drivers point the same way. Periods of global stress often lift the dollar price of gold, while domestic political or fiscal worries weigh on sterling. When the two coincide, the gain in pounds is larger than either move on its own. That combination is exactly what a currency hedge is meant to capture.

Two episodes that made the pointThe referendum result of June 2016 is the clearest example. Sterling fell from around $1.50 to roughly $1.32 in a single day, and gold in pounds jumped far more sharply than gold in dollars. Savers holding bullion saw a large part of the currency loss on their cash balances offset.

The mini-budget of September 2022 told a similar story. Sterling slid to a record low near $1.03. In dollar terms gold had a flat to slightly negative year, yet the sterling price ended 2022 noticeably higher, largely because of the weaker pound.

A hedge, not a guaranteeThe currency effect works in both directions. When sterling recovers, gold in pounds can lag the dollar price. And if the dollar strengthens while real interest rates rise, gold can fall in both currencies at once, as it did between 2011 and 2015, when the dollar price dropped by more than 40 per cent. Gold also pays no interest, so every year you hold it you give up the rate on a savings account.

For those reasons most advisers treat gold as a modest allocation, often in the range of five to ten per cent of a portfolio, rather than a replacement for cash or equities.

Practical ways UK savers hold bullionOwning gold for currency protection comes down to a few practical choices:

• Bars in a professional vault: allocated bullion stored in a secure, independently audited vault and insured against theft, damage and loss avoids the risks of keeping metal at home.

• Legal ownership: check that the bullion is registered in your name, so you hold the metal itself rather than a claim on a provider.

• Good Delivery standard: bars that meet the LBMA standard are at least 99.5 per cent pure and can be traded worldwide. Some providers go further and only buy from refiners that work to 99.99 per cent.

• VAT: investment gold is exempt from VAT in the UK, so the full amount goes into the metal.

• Costs: compare the spread, the transaction fee and the annual storage charge before you start.

You do not need a large sum to begin. Some providers let you buy from £50 and become part owner of a large LBMA certified bar, which makes it possible to build a position gradually instead of choosing one entry point.

Timing and the monthly approachTrying to time both the gold price and the exchange rate is a double gamble. A monthly purchase of a fixed amount smooths out both movements: when sterling is weak you buy less gold for your pounds, when it is strong you buy more. Over several years the average cost evens out, and the holding does what it is meant to do, which is to protect part of your savings against a falling pound.

Before committing, it is worth following the gold price in pounds for a few weeks next to GBP/USD. Seeing how the two interact makes it easier to decide how much of your savings you want to hold outside sterling, and to stick to that decision when the headlines get loud.

nVent will add liquid and air cooling solution to AMD rack-scale AI platform to create a fully integrated system for large AI workloads

The companies will unveil a first look of the open-source solution at the OCP Global Summit

LONDON, Oct. 13, 2026 (GLOBE NEWSWIRE) -- nVent (NYSE: NVT) and AMD today announced a collaboration to bring rack-level cooling to the AMD Helios™ Rackscale solution. The joint effort pairs nVent's data center cooling expertise with AMD Helios to help operators deploy AI capacity at scale. This will add nVent rear door heat exchanger (RDHx) as part of the fully integrated AMD Helios AI infrastructure platform that includes AMD Instinct™ graphical processing units (GPUs), EPYC™ central processing units (CPUs), Pensando™ networking technologies, and the AMD ROCm™ open software stack. nVent will unveil a first look at the OCP Global Summit in San Jose, CA, October 12 to 16, 2026.

“This collaboration brings nVent's cooling expertise to one of the leading AI platforms in the industry,” said Eric Osborn, vice president and general manager of Data Solutions, Cooling & Power at nVent. “We are designing for the platforms our customers are building on, and working closely with AMD is how we make sure the fit is right.”

nVent's DC-powered RDHx is an industry-first dual rear door, designed for the double-wide AMD Helios rack. It captures the heat that direct-to-chip liquid cooling leaves behind and returns cooled air to the space, keeping the rack effectively room-neutral. It is fully-integrated with the AMD Helios platform and offers intelligent cooling with no wasted watts, integrated air temperature, humidity sensors and differential pressure fan speed control. Additionally, its DC power matches how next-generation AI racks are powered. The result is a cooling solution that allows customers to start with a single rack and scale larger deployments over time.

“The rack, not any single component within it, has now become the unit of deployment; and compute, networking, software, power and cooling must operate as one system,” said Ravi Pendekanti, corporate vice president, Data Center Solutions Business Group, AMD. “AMD Helios brings those elements together in an open, standards-based architecture designed to help customers scale from a single rack to large AI factories with long-term flexibility. Our collaboration with nVent expands the cooling options available for AMD Helios, helping operators bring high-density AI infrastructure online across a broader range of data center environments.”

At the OCP Global Summit, nVent and AMD will show the RDHx for the first time on an Open Rack Wide (ORW) rack alongside the manifolds, bus bars, and power shelves of a Helios deployment, giving operators a first look at how the companies' work comes together. Visit Booth #A9 at OCP for more information.

About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high-performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS 
This press release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “forecasts,” “should,” “would,” “could,” “positioned,” “strategy,” “future,” “are confident,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Among these factors are adverse effects on our business operations or financial results, including the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the Maverick Power acquisition; competition and pricing pressures in the markets we serve, including the impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses; risks associated with or arising from military conflicts; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release. 

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An ETF targeting 15% annual distributions paid monthly sounds like a dream for income investors who admire Buffett's stock picks but hate that Berkshire writes no dividend checks. Before you buy in, there is a structural trade-off worth understanding.

Warren Buffett’s longstanding preference has been to retain capital when Berkshire can put it to better use, whether that’s maintaining a fortress balance sheet, repurchasing shares opportunistically, buying publicly traded stocks, or acquiring entire businesses outright. That means no dividends.

I’ve always liked that approach. If I owned Berkshire Hathaway and needed income, I’d rather sell shares periodically and manufacture my own dividend. Another possibility for someone holding at least 100 Class B shares is selling covered calls, although that introduces its own trade-off by capping some upside if the stock rallies through the strike price.

But what if you want exposure to Berkshire’s stock-picking philosophy while receiving a large monthly distribution without managing an options strategy yourself? One unusual solution is the VistaShares Target 15 Berkshire Select Income ETF (OMAH).

It owns a portfolio heavily influenced by Berkshire’s publicly disclosed equity holdings and layers an options strategy on top, targeting a 15% annual distribution paid monthly. That’s a lot of income. It’s also important to understand what OMAH has to do to generate it.

What’s Inside OMAH? OMAH has grown to roughly $1 billion in assets under management and charges a 0.95% expense ratio. Its portfolio draws heavily from Berkshire’s publicly disclosed equity investments, while also holding Berkshire itself. Here are its largest positions:

Holding Ticker Weight Apple Inc. AAPL 10.59% Berkshire Hathaway Inc. BRK.B 10.21% American Express Co. AXP 6.47% Coca-Cola Co. KO 4.86% VeriSign Inc. VRSN 4.77% Chevron Corp. CVX 4.74% Kroger Co. KR 4.70% DaVita Inc. DVA 4.70% Occidental Petroleum Corp. OXY 4.63% Alphabet Inc. GOOGL 4.58% This gives investors something different from owning Berkshire directly. Berkshire is much more than its 13F portfolio. Its value also comes from wholly owned operating businesses, insurance operations and float, its enormous liquidity position, and management’s ability to allocate capital among all of those opportunities.

OMAH instead provides a way to isolate much of Berkshire’s publicly traded stock portfolio and turn it into an income strategy. The fund targets an annual distribution equal to 15% of NAV, which works out to approximately 1.25% each month. Its latest distribution was $0.2245 per share against a $17.66 NAV.

But investors shouldn’t confuse a 15% distribution target with a 15% investment return. As of the fund’s most recent distribution, 37.50% was estimated to be return of capital (ROC). That figure comes from the fund’s Section 19a-1 notice and remains an estimate. Investors won’t know the final tax characterization until they receive Form 1099-DIV after year-end.

ROC also isn’t automatically a bad thing. Depending on its final tax characterization, it can defer taxes by reducing an investor’s cost basis rather than immediately being treated as ordinary income. What matters is whether the portfolio generates enough total return over time to support its distributions without persistently eroding NAV.

The Catch Behind a 15% Target There are several reasons I’d hesitate before treating OMAH’s 15% distribution as something I could simply collect indefinitely. The first is concentration. Financial stocks account for roughly 38% of the portfolio, while Apple and Berkshire alone represent more than 20%. That’s considerably different from owning a broadly diversified U.S. equity ETF.

The second is the size of the distribution target itself. A 15% annual payout is way above the S&P 500’s long-term annualized total return of around 10%. OMAH isn’t promising to earn 15% annually, but maintaining a distribution that high requires the portfolio’s dividends, option premiums, realized gains and potentially ROC to collectively support substantial cash payments.

That could become difficult during a prolonged bear market. Lower volatility could also reduce the premiums available from selling options, while a powerful bull market can create the opposite problem: covered-call strategies may surrender some appreciation when their options move against them.

Still, I’ll give OMAH credit for what it has accomplished so far. From March 5, 2025 through Oct. 6, 2026, a roughly 1.59-year period, OMAH produced a 12.51% cumulative total return with distributions reinvested. Berkshire Class B shares returned just 0.89% over the same period.

That’s a very short track record, so I wouldn’t extrapolate it indefinitely. But OMAH has at least demonstrated that a high distribution hasn’t prevented it from generating positive total returns so far. And if your objective is specifically to isolate Berkshire’s publicly disclosed equity holdings while receiving substantial monthly income, there really isn’t another ETF doing quite the same thing.

Therefore, I don’t think OMAH is a bad ETF as far as covered-call products go. I’d simply prefer a slightly less ambitious version of it. A target distribution closer to 12% could potentially retain more capital inside the portfolio, while an expense ratio around 0.75% would reduce the hurdle the strategy needs to overcome.

Until then, I’d view OMAH as a specialized income product rather than a substitute for Berkshire Hathaway itself. Berkshire lets management decide where capital should go next. OMAH takes a selection of those public-equity ideas and deliberately converts more of their potential return into cash today.

Contact [email protected] for any questions or corrections.

Triton Financial Group Inc acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,600 shares of the computer hardware maker’s stock, valued at approximately $6,523,000. NVIDIA accounts for 3.8% of Triton Financial Group Inc’s investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. Bank of America Corp DE boosted its stake in shares of NVIDIA by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock worth $39,090,956,000 after acquiring an additional 4,165,875 shares in the last quarter. Invesco Ltd. grew its holdings in shares of NVIDIA by 0.3% in the 4th quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker’s stock worth $26,714,167,000 after acquiring an additional 446,178 shares during the period. J. Stern & Co. LLP grew its holdings in shares of NVIDIA by 13,709.1% in the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock worth $23,454,297,000 after acquiring an additional 124,849,603 shares during the period. Amundi increased its stake in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock valued at $23,329,141,000 after purchasing an additional 12,575,177 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in NVIDIA by 2.3% in the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock valued at $18,399,108,000 after purchasing an additional 2,045,101 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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

Positive Sentiment: NVIDIA and Cisco announced USFP, a next-generation optical module designed to support 400Gb/s-per-lane signals and up to 12.8Tb/s of capacity. The technology could help AI data centers scale bandwidth while reducing power use and network complexity. NVIDIA and Cisco announce USFP Positive Sentiment: Navitas Semiconductor is collaborating with NVIDIA on a 24-kilowatt power-delivery board for next-generation AI infrastructure. The single-stage design is intended to improve efficiency and reduce board space, reinforcing demand for NVIDIA-based AI factories. Navitas collaborates with NVIDIA Positive Sentiment: Bitdeer secured an eight-year agreement for a 60MW Malaysia facility designed for NVIDIA’s Vera Rubin systems, bringing its contracted AI data-center capacity to approximately 333.5MW. This provides another indication of long-term infrastructure demand. Bitdeer expands Malaysia AI campus Neutral Sentiment: NVIDIA is reportedly considering a larger investment in or acquisition of open-weight AI startup Reflection AI. The move could broaden NVIDIA’s software and model ecosystem, but discussions are preliminary and could fail to produce a deal. NVIDIA and Reflection AI talks Neutral Sentiment: Analysts and commentators remain divided: some argue triple-digit growth makes NVDA reasonably valued and see further upside, while others point to technical signs of a potential peak, a roughly $5.5 trillion valuation, and concentration risk in AI-related equities. Negative Sentiment: Microsoft said it plans to rely increasingly on its internally developed Maia chips for AI inference, potentially reducing its dependence on NVIDIA GPUs and intensifying competition from hyperscaler-designed silicon. Microsoft to rely more on Maia chips Negative Sentiment: Reports that OpenAI’s annualized revenue may be about $50 billion—below previously cited estimates—have raised questions about AI spending, infrastructure demand and the valuation of AI suppliers. Separately, Firmus’ canceled data-center IPO suggested financing conditions for AI infrastructure could be tightening. Negative Sentiment: Technical analysts warned that NVDA’s retreat from its record high could signal weakening momentum. Investor caution is also reflected in a reported $21 million options position betting the stock falls below $180 by January and continued insider selling, although these signals do not necessarily predict operating performance. Nvidia falls back from record high NVIDIA Stock Performance NASDAQ:NVDA opened at $226.32 on Tuesday. The firm has a 50 day simple moving average of $223.05 and a 200-day simple moving average of $210.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The firm has a market cap of $5.45 trillion, a PE ratio of 28.61, a P/E/G ratio of 1.77 and a beta of 2.22. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 105.9% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA announced that its Board of Directors has initiated a share repurchase program on Monday, September 28th that allows the company to buy back $150.00 billion in shares. This repurchase authorization allows the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA’s payout ratio is 12.64%.

Insiders Place Their Bets In other news, EVP Timothy S. Teter sold 30,460 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the sale, the executive vice president owned 2,687,660 shares in the company, valued at $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last quarter. 3.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes Several equities analysts recently issued reports on the company. Daiwa Securities Group reduced their price objective on NVIDIA from $255.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, September 17th. JPMorgan Chase & Co. raised their price target on NVIDIA from $280.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. KGI Securities raised their price target on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of NVIDIA in a research note on Thursday, October 1st. Finally, President Capital boosted their price objective on shares of NVIDIA from $295.00 to $330.00 in a research report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $321.89.

Check Out Our Latest Stock Report on NVDA

NVIDIA Company Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

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