Thursday, September 24, 2026

Equity benchmarks closed nearly flat on Wednesday. SPY slipped 0.08% to $767.18; QQQ eased 0.01% to $741.10. The 524-stock AI infrastructure complex underperformed, with 159 advancers, 357 decliners, 8 flat and an average move of -0.79%, 0.71 percentage points behind SPY. Servers & compute led at +0.05%; the two-stock Other segment lagged at -3.44%, and power generation was the weakest major layer at -2.46%. The standout was P (Everpure, Inc.) at +11.2%; FSLR (First Solar, Inc.) was the biggest decliner at -10.3%. SNX (TD Synnex Corp) is the main universe earnings report.

FRVO (Fervo Energy Co.) achieved first power at its Cape Station enhanced geothermal project. The company said Cape Station reached the operational milestone, which it described as a landmark for enhanced geothermal systems.

VRT (Vertiv Holdings Co) announced an agreement to acquire King Environmental Services Ltd., expanding its global fluid management services. The deal, disclosed via Reg FD filing and press release, adds fluid management capability to Vertiv's service portfolio.

XE (X-Energy, Inc. Class A Common Stock)’s TRISO-X completed vertical construction of the TX-1 fuel fabrication facility. TX-1 is the company’s fuel fabrication plant for TRISO fuel.

CDNS (Cadence Design Systems, Inc.) announced certified tool solutions and silicon-proven UALink IP on TSMC advanced processes. UALink is the accelerator scale-up networking standard for high-bandwidth interconnects between XPUs.

TD Synnex reports today. Consensus is around $4.70. As a major distributor of IT hardware, its commentary on server, storage, networking, and component inventory is a read on enterprise AI infrastructure demand; the stock fell 9.9% in Wednesday's session, so positioning into the print is cautious.

ChronoScale reports September 28. CHRN (ChronoScale Corporation) rose 6.5% in Wednesday's session, placing it among the top gainers in the complex.