Monday, September 28, 2026

SPY closed up 0.54% to $771.35 and QQQ added 0.46% to $744.50. The 524 AI infrastructure stocks we track rose 0.59% on average, 5 basis points ahead of SPY, with 351 names advancing, 167 declining, and 6 flat. Silicon design led at +2.22%; operators lagged at -1.96%. SHMD (SCHMID Group N.V. Class A Ordinary Shares) was the standout at +20.7%, while GWH (ESS Tech, Inc.) was the biggest decliner at -38.2%. CHRN (ChronoScale Corporation) reports today; the main catalysts come Wednesday with MU (Micron Technology, Inc.) and JBL (Jabil Inc.).

NVDA (NVIDIA Corporation) expanded its share repurchase authorization by $150 billion. The board announced the increase Monday, adding to the company's existing capital return capacity. The move reflects sustained free cash generation from AI compute demand and leaves the balance sheet positioned while next-generation GPU platforms ramp. It does not change the physical build-out path but is a notable platform-layer signal.

HUT (Hut 8 Corp.) secured a $1.07 billion senior secured revolving credit facility. The company announced the agreement and filed an 8-K showing a new debt obligation. The facility expands corporate liquidity as the company continues developing high-density data center capacity and digital asset mining operations. The financing arrives amid a broader push by operators to fund power-linked compute infrastructure.

NXPI (NXP Semiconductors N.V.) announced the grand opening of the VSMC 300mm fab in Singapore. The joint venture facility expands 300mm manufacturing capacity in the region and broadens the company's manufacturing footprint at a time when advanced-node AI components are competing for wafer supply.

MU reports Wednesday, with consensus EPS at $31.62. The print is the main calendar catalyst for the AI compute stack this week. The key is memory mix: HBM demand and pricing, data center DRAM build plans, and whether capacity additions are aligned with AI server requirements. Micron's HBM commentary is a direct read into memory supply for AI accelerators.

JBL reports Wednesday, with consensus EPS at $4.06. Jabil's results and guidance provide a window into the outsourced manufacturing pipeline for AI compute, networking, and power delivery hardware. Watch data center-related revenue, component availability, and margin commentary for evidence that AI hardware build schedules are tracking.

UEC (Uranium Energy Corp.) reports Tuesday, with consensus EPS at -$0.04. The print is a smaller catalyst but relevant to the nuclear-power connection in AI data center power generation. Uranium price trends and contracting activity bear watching as power infrastructure for energy-intensive compute aligns with long-term supply.

AYI (Acuity Brands, Inc.) reports Thursday, with consensus EPS at $5.66. Acuity's commentary on large commercial and data center lighting/control projects will provide a building-level read on non-residential construction tied to data center development. It is a lower-importance print but a useful second derivative on facility build-out.