Wednesday, September 30, 2026

At Tuesday's close, SPY slipped 0.18% to $764.20, while QQQ added 0.19% to $737.93. The 522-stock AI infrastructure universe outperformed with an average move of +0.25%, or +0.43 percentage points relative to SPY; 266 names advanced, 250 declined, and 6 were flat. Networking led at +1.41%, while construction lagged at -0.45%. SLND (Southland Holdings, Inc.) was the standout gainer at +13.1% after a $71 million water pipeline award; FTCI (FTC Solar, Inc.) was the largest decliner at -9.7% after signing a strategic collaboration with Linxon and Hitachi Energy. MU (Micron Technology, Inc.) reports today, and AYI (Acuity Brands, Inc.) reports Thursday.

Jabil posted fiscal 2026 results this morning with revenue up 21%. JBL (Jabil Inc.) reported preliminary, unaudited results for its fourth quarter and fiscal year ended August 31, 2026. CEO Mike Dastoor said the quarter exceeded expectations, with fiscal 2026 revenue up 21%, core operating margin up 40 basis points, and more than $1.5 billion in adjusted free cash flow.

Uranium Energy reported fiscal Q4 production up 157% and a miss on EPS. UEC (Uranium Energy Corp.) reported fiscal Q4 EPS of -$0.07, below the -$0.039 estimate. Combined Q4 production rose to 82,744 pounds of U3O8, with total cash cost per pound of $30.01 and total cost per pound of $36.54. The company cited a realized price of $93.13 per pound, $753 million in liquid assets, and no debt.

Hewlett Packard Enterprise books a $1.2B Vultr AMD Helios order. HPE (Hewlett Packard Enterprise Company) announced a $1.2 billion order from Vultr to deploy AMD Helios AI Rack by HPE systems at Vultr’s U.S. cloud data center locations. This is HPE’s first order for the new AMD Helios system, which includes purpose-built HPE Networking scale-up switching and software. AMD (Advanced Micro Devices, Inc.) is a documented HPE processor supplier, placing the order in the AI rack, GPU-server, and networking layer of the infrastructure stack.

Talen Energy names Terry Nutt CEO and adds a $1.5B buyback. TLN (Talen Energy Corporation) named current President Terry Nutt as CEO effective January 1, 2027; current CEO Mac McFarland will retire at year-end and serve as senior advisor through March 2027. Talen also announced $1.5 billion in accelerated share repurchases and upsized its buyback program to $3.0 billion through 2028. Talen operates as an independent power producer.

Aterio flags delay risk at Oracle's 1.3 GW Wisconsin campus. Aterio, a provider of forward-looking data on U.S. infrastructure development, published an analysis of Project Lighthouse, the Port Washington, Wisconsin campus being built for ORCL (Oracle Corporation). Based on regulatory filings reviewed through September 24, Aterio sees material risk that the site misses Oracle’s second-half 2027 delivery guidance, with meaningful load unlikely before mid-2028.

Siemens Energy to supply 119 gas turbine cores to Dynamis. Siemens Energy and Dynamis Power Solutions signed an agreement for 119 SGT-400 gas turbine cores, each about 15 MW, totaling more than 1.7 GW. The cores will be integrated into Dynamis mobile power generation solutions for U.S. power demand, with supply over multiple years and the first batch delivered in 2027.

ACM Shanghai backlog hits RMB 17.1 billion, up 88.2% year over year. ACMR (ACM Research, Inc.) said its operating subsidiary ACM Research (Shanghai) posted total backlog of RMB 17.1 billion, or about $2.5 billion, as of September 29. The figure rose 88.2% from the prior year and includes tools shipped but not yet recognized as revenue as well as orders expected to ship later. ACMR supplies wafer and panel processing equipment for semiconductor and advanced packaging.

Axe Compute signs over $266M in new AI infrastructure contracts. AGPU (Axe Compute Inc.) said it received more than $184 million in customer prepayments and signed over $266 million in new AI infrastructure contracts since its Q2 earnings call. The company operates GPU compute infrastructure and sources GPUs primarily from NVDA (NVIDIA Corporation).

Bitdeer lands more than 70% off-take for its 21.7MW Malaysia data center. BTDR (Bitdeer Technologies Group) said Bitdeer AI has off-take commitments for more than 70% of its 21.7 MW A201 Malaysia data center and expects total AI cloud revenue of more than $1.7 billion over five years.

MU (Micron Technology, Inc.) reports today. The consensus EPS estimate is $31.72. Micron is a memory supplier to NVDA and AMD, making this report a key read on HBM and DRAM demand tied to AI accelerator builds.

AYI (Acuity Brands, Inc.) reports Thursday. The EPS estimate is $5.57. The report matters as a read on building controls and lighting demand tied to commercial and data-center construction.