Tuesday, August 25, 2026

Markets closed modestly higher Monday: SPY added 0.34% to $766.10 and QQQ gained 0.90% to $712.66. Our 523-company AI infrastructure universe outperformed by 50 basis points, with 351 names advancing, 169 declining, and 3 flat. Other led at +2.91%, while Software & Design lagged at -1.59%. The standout was OESX (Orion Energy Systems, Inc.) at +16.2%; the biggest decliner was GRRR (Gorilla Technology Group Inc.) at -14.0% despite an in-line quarterly EPS print. Today’s universe earnings include SMTC (Semtech Corporation), CHRN (ChronoScale Corporation), and HEI (HEICO Corporation); this week’s larger reports start tomorrow with NVDA (NVIDIA Corporation), SNPS (Synopsys, Inc.), DY (Dycom Industries, Inc.), PLAB (Photronics, Inc.), and P (Everpure, Inc.), followed by IREN (IREN Limited) and CSIQ (Canadian Solar Inc.) on Thursday.

GRRR (Gorilla Technology Group Inc.) reported EPS of -$0.04, in line with the -$0.04 estimate. The stock closed down 14.0% on the day.

Cisco expands its Secure AI Factory with NVIDIA for rack-scale AI deployments. CSCO (Cisco Systems, Inc.) and NVDA (NVIDIA Corporation) announced an expansion of Cisco’s Secure AI Factory with NVIDIA, positioning the combined platform for rack-scale AI infrastructure. The announcement extends Cisco’s networking and security stack into NVIDIA-accelerated compute environments, which matters because rack-scale AI clusters require tightly integrated switching, optics, and security policy controls rather than piecemeal add-ons.

Navitas Semiconductor filed an 8-K disclosing a material agreement and Reg FD disclosure. NVTS (Navitas Semiconductor Corp) filed an 8-K reporting a material agreement signed and Reg FD disclosure.

Nordson launches a new fluid dispensing system for panel-level packaging. NDSN (Nordson Corporation) introduced the ASYMTEK Vantage XL fluid dispensing system for panel-level packaging at SEMICON Taiwan 2026. Panel-level packaging is an advanced packaging technique relevant to AI accelerator manufacturing, and tooling announcements like this provide a marker for the industry’s move beyond traditional wafer-scale flows.

Today’s smaller reports are worth a look: SMTC (Semtech Corporation) reports with an EPS estimate of $0.614 and is relevant for analog/optical data center chip tone; CHRN (ChronoScale Corporation) reports with an EPS estimate of -$0.0626 following its reverse-merger transformation into an AI compute platform; and HEI (HEICO Corporation) reports with an EPS estimate of $1.51, though its exposure is more aerospace and industrial than core AI infrastructure.

Tomorrow is the heaviest session of the week. NVDA (NVIDIA Corporation) reports with consensus EPS estimate at $2.09 — a critical readout for AI compute demand, rack-scale adoption, and the broader silicon supply chain. SNPS (Synopsys, Inc.) also reports tomorrow with EPS estimate at $3.67, providing a view into design activity for advanced chips, including AI accelerators and packaging. DY (Dycom Industries, Inc.) reports tomorrow with EPS estimate at $4.72, a key read on fiber and communications infrastructure construction. PLAB (Photronics, Inc.) reports tomorrow with EPS estimate at $0.4033, and P (Everpure, Inc.) reports with EPS estimate at $0.58; both are smaller but sit within our semiconductor and process-equipment coverage.

Thursday brings IREN (IREN Limited) with consensus EPS estimate at -$0.55401, another key data point for AI cloud/data center operators and power procurement. CSIQ (Canadian Solar Inc.) also reports Thursday with EPS estimate at -$1.01, covering solar manufacturing and battery storage, both relevant to power generation for AI load.

Thursday’s MRVL (Marvell Technology, Inc.) report with EPS estimate at $0.932 is the next silicon datapoint after NVDA and should be watched for custom AI ASIC and interconnect demand.