Monday, September 07, 2026

The last session closed with SPY down 0.39% to $770.19 and QQQ up 0.18% to $718.96. The 523-stock AI infrastructure universe outperformed the broad market, with 362 advancers and 153 decliners producing an average move of +1.39%, or +1.78% relative to SPY. Silicon design led the segment board at +3.05%, while the Other segment lagged at -4.33%. BBCP (Concrete Pumping Holdings, Inc.) was the standout gainer at +16.0%, and NLST (Netlist, Inc.) fell the furthest at -9.1%. The earnings calendar is quiet today; Tuesday brings ABM (ABM Industries Inc.), Wednesday adds OCC (Optical Cable Corporation), PPIH (Perma-Pipe International Holdings, Inc.), and CNM (Core & Main, Inc.), and ORCL (Oracle Corporation) reports Thursday as the headline item for the week.

Construction materials consolidation advanced as CRH (CRH plc) moved closer to absorbing ACA (Arcosa, Inc.). Arcosa stockholders approved the acquisition by CRH, clearing a key step for a transaction that adds U.S. aggregates and construction materials capacity to CRH’s existing platform. The combined footprint reaches into infrastructure and non-residential construction supply chains tied to large data center and energy projects.

A fuel cell name will join the S&P 500. BE (Bloom Energy Corporation) was named among the companies set to join the large-cap benchmark. The index addition puts a fuel cell power supplier with an existing AI data center power deployment track record into the S&P 500, increasing the visibility of on-site power as a component of the AI infrastructure power stack.

Data center expansion continued in East Africa. DLR (Digital Realty Trust, Inc.) strengthened Nairobi as an East Africa digital gateway with a new data center. The move extends Digital Realty’s international footprint into a smaller but growing market as operators diversify locations for AI-driven demand.

ORCL reports Thursday, September 10, carrying an EPS estimate of $1.74. Oracle’s results will show whether cloud infrastructure and database momentum is translating into AI data center capacity buildout; its OCI capacity commentary and capital spending signals are the key items for the AI infrastructure supply chain. A potential read-through is BE's documented on-site fuel cell supply relationship with Oracle.

ABM reports Tuesday, September 8, with an EPS estimate of $1.01. The facility services provider’s results offer a demand signal for data center operations and maintenance, as well as broader commercial infrastructure facility spending.

Wednesday also brings smaller reports: OCC reports with an EPS estimate of $0.20, PPIH with an EPS estimate of $0.55, and CNM with an EPS estimate of $0.919. Each covers a different niche — specialty fiber optic cable, piping and fluid-flow systems, and water and wastewater distribution — that feeds data center site development and infrastructure construction.