CAFD
8point3 Energy Partners LP
stock NASDAQ

KEY NEWS:
* Japan’s Nikkei jumped 4.75% to a record 47,945 as Sanae Takaichi’s win puts her on track to become Japan’s first female prime minister. Her expansionist policy stance dimmed BOJ hike bets, sending the yen down nearly 2% against the dollar.
* AMD - just signed a massive multi-year deal to supply AI chips to OpenAI that could generate tens of billions in annual revenue. OpenAI also has the option to acquire up to \~10% of AMD stock at $0.01/shr.
* FRENCH PRIME MINISTER LECORNU HAS RESIGNED
* Trump is sending Steve Witkoff and Jared Kushner to Egypt to finalize a Gaza hostage release deal after Hamas and Israel backed his 20-point plan with reservations, per WSJ.
MAG7:
* NVDA - Goldman Sachs raises PT to 210 from 200, reiterates as a buy. Says Nvidia’s equity investments in OpenAI and others could be “recycled as GPU spending”, a form of “circular revenue.” Notes OpenAI may need up to \~$75B in equity/debt in 2026 to fund infrastructure.
* MELIUS RESEARCH NVIDIA CORP RAISES TARGET PRICE TO $275 FROM $240
* NVDA Down slightly on the AMD OpenAI tie up.
OTHER COMPANIES:
* AMD - just signed a massive multi-year deal to supply AI chips to OpenAI that could generate tens of billions in annual revenue. OpenAI also has the option to acquire up to \~10% of AMD stock at $0.01/shr.AMD says the partnership could contribute over $100B in new revenue over four years.
* Drone names higher, AVAV, KTOS, AIRO, RCAT: SEMAFOR says the US and Ukraine are working on a deal where Kyiv would share its drone technology with Washington in return for arms sales.
* GLXY - has launched GalaxyOne, a new platform for U.S. investors that combines cash yields, crypto trading, and stock brokerage in one place. The app offers 4% APY on deposits with FDIC insurance, 8% APY on premium yield notes for accredited investors, crypto trading in bitcoin, ethereum, and solana, and commission-free trading of over 2,000 U.S. stocks and ETFs.
* BFLY - launched an AI gestational age tool in Malawi and Uganda, the first blind-sweep ultrasound calculator built into an app. Developed with UNC and funded by the Gates Foundation, the tool lets midwives estimate pregnancy stage without advanced training. Butterfly says its probes have already supported 1.8M scans in Africa, with early data showing fewer stillbirths and better maternal outcomes. The AI tool has been submitted to the FDA for review.
* LLY - will invest over $1B in India to expand manufacturing through local partners, boosting supply of obesity, diabetes, Alzheimer’s, cancer and autoimmune drugs, Reuters reports.
* QURE - price target raised to $110 from $70 at H.C. Wainwright
* Ondas initiated with a Buy at H.C. Wainwright PT $12
* SHAK - BofA downgrades to underperform from neutral, lowers PT to 86 from 148. labor market is softening, and consumers’ restaurant spending has come under pressure. We believe macro headwinds will likely continue to counterbalance product innovation tailwinds, constraining same-store sales growth (SSSG) and traffic.
* AVGO - Mizuho reiterates outperform on AVGO, PT of 410. elling clients they are “BUYERS on the recent pullback.” He calls AVGO the “King of AI Custom Silicon,” noting accelerating ASIC revenue and leverage from OAI’s AI rack buildout, with EPS impact from gross margin dilution seen as limited
* F - Jefferies upgrades to Hold from underperform, raises PT to 12 from 9. With 43% of U.S. volume in full-size pickups and SUVs (estimated 60/80% of combined North America revenue/earnings for Blue and Pro), loosening current constraints on the mix of higher CO2 models (Raptor, ST-Line) should enable Ford to offset tariffs and improve earnings next year. We expect Ford to remain committed to an electrification strategy and should benefit from a longer adjustment period.
* SPRC - ended its planned merger with AutoMax Motors.
* CWEN - to acquire a 613 MW solar portfolio from Deriva Energy for $210–230M. Deal spans 8 states with a 10-year avg contract life, expected to add \~$27M in annual CAFD from 2027 and yield over 12%. Closing targeted by Q2 2026
* PYPL - is rolling out 5% cash back on Buy Now Pay Later purchases through year-end, covering both in-store and online. The company is also expanding Pay Monthly to in-store use in the U.S., giving shoppers a virtual card to spend within 24 hours.
* Aston Martin - Shares of Aston Martin fell as much as 11% in London after the company cut its outlook for a second time this year.
* STLA SAID TO PLAN $10 BILLION IN US TURNAROUND INVESTMENTS. Bloomberg reports the Jeep and Ram maker is preparing to announce about $5B in new spending on top of $5B already earmarked this year,
* MU - Upgrades to Overweight from Equalweight, Raises PT to $220 from $160. while MU has outperformed, we see more room to run as upward revisions continue (DDR5 spot pricing already up 15% since MU guided) and sentiment (primarily due to HBM concerns) is not yet universally positive.With anecdotes about DDR5 server pricing up double digits in Q4 and at least that much in Q1, we think our current estimates are likely to prove even more conservative than we thought just last week
* BA - is telling suppliers it may lift 737 MAX output to 42 jets a month as soon as October, with further hikes planned for April and late 2026 that could reach 53 monthly.
OTHER NEWS:
* WHITE HOUSE'S HASSETT SAYS LAYOFFS WILL START IF TRUMP DECIDES SHUTDOWN NEGOTIATIONS ARE GOING NOWHERE
* Citi expects AI demand to require 55 GW of new compute capacity worldwide by 2030, driving $2.8 Trillion in spending. The U.S. alone is expected to add 30 GW and account for $1.4T of that investment.

KEY NEWS:
* Japan’s Nikkei jumped 4.75% to a record 47,945 as Sanae Takaichi’s win puts her on track to become Japan’s first female prime minister. Her expansionist policy stance dimmed BOJ hike bets, sending the yen down nearly 2% against the dollar.
* AMD - just signed a massive multi-year deal to supply AI chips to OpenAI that could generate tens of billions in annual revenue. OpenAI also has the option to acquire up to \~10% of AMD stock at $0.01/shr.
* FRENCH PRIME MINISTER LECORNU HAS RESIGNED
* Trump is sending Steve Witkoff and Jared Kushner to Egypt to finalize a Gaza hostage release deal after Hamas and Israel backed his 20-point plan with reservations, per WSJ.
MAG7:
* NVDA - Goldman Sachs raises PT to 210 from 200, reiterates as a buy. Says Nvidia’s equity investments in OpenAI and others could be “recycled as GPU spending”, a form of “circular revenue.” Notes OpenAI may need up to \~$75B in equity/debt in 2026 to fund infrastructure.
* MELIUS RESEARCH NVIDIA CORP RAISES TARGET PRICE TO $275 FROM $240
* NVDA Down slightly on the AMD OpenAI tie up.
OTHER COMPANIES:
* AMD - just signed a massive multi-year deal to supply AI chips to OpenAI that could generate tens of billions in annual revenue. OpenAI also has the option to acquire up to \~10% of AMD stock at $0.01/shr.AMD says the partnership could contribute over $100B in new revenue over four years.
* Drone names higher, AVAV, KTOS, AIRO, RCAT: SEMAFOR says the US and Ukraine are working on a deal where Kyiv would share its drone technology with Washington in return for arms sales.
* GLXY - has launched GalaxyOne, a new platform for U.S. investors that combines cash yields, crypto trading, and stock brokerage in one place. The app offers 4% APY on deposits with FDIC insurance, 8% APY on premium yield notes for accredited investors, crypto trading in bitcoin, ethereum, and solana, and commission-free trading of over 2,000 U.S. stocks and ETFs.
* BFLY - launched an AI gestational age tool in Malawi and Uganda, the first blind-sweep ultrasound calculator built into an app. Developed with UNC and funded by the Gates Foundation, the tool lets midwives estimate pregnancy stage without advanced training. Butterfly says its probes have already supported 1.8M scans in Africa, with early data showing fewer stillbirths and better maternal outcomes. The AI tool has been submitted to the FDA for review.
* LLY - will invest over $1B in India to expand manufacturing through local partners, boosting supply of obesity, diabetes, Alzheimer’s, cancer and autoimmune drugs, Reuters reports.
* QURE - price target raised to $110 from $70 at H.C. Wainwright
* Ondas initiated with a Buy at H.C. Wainwright PT $12
* SHAK - BofA downgrades to underperform from neutral, lowers PT to 86 from 148. labor market is softening, and consumers’ restaurant spending has come under pressure. We believe macro headwinds will likely continue to counterbalance product innovation tailwinds, constraining same-store sales growth (SSSG) and traffic.
* AVGO - Mizuho reiterates outperform on AVGO, PT of 410. elling clients they are “BUYERS on the recent pullback.” He calls AVGO the “King of AI Custom Silicon,” noting accelerating ASIC revenue and leverage from OAI’s AI rack buildout, with EPS impact from gross margin dilution seen as limited
* F - Jefferies upgrades to Hold from underperform, raises PT to 12 from 9. With 43% of U.S. volume in full-size pickups and SUVs (estimated 60/80% of combined North America revenue/earnings for Blue and Pro), loosening current constraints on the mix of higher CO2 models (Raptor, ST-Line) should enable Ford to offset tariffs and improve earnings next year. We expect Ford to remain committed to an electrification strategy and should benefit from a longer adjustment period.
* SPRC - ended its planned merger with AutoMax Motors.
* CWEN - to acquire a 613 MW solar portfolio from Deriva Energy for $210–230M. Deal spans 8 states with a 10-year avg contract life, expected to add \~$27M in annual CAFD from 2027 and yield over 12%. Closing targeted by Q2 2026
* PYPL - is rolling out 5% cash back on Buy Now Pay Later purchases through year-end, covering both in-store and online. The company is also expanding Pay Monthly to in-store use in the U.S., giving shoppers a virtual card to spend within 24 hours.
* Aston Martin - Shares of Aston Martin fell as much as 11% in London after the company cut its outlook for a second time this year.
* STLA SAID TO PLAN $10 BILLION IN US TURNAROUND INVESTMENTS. Bloomberg reports the Jeep and Ram maker is preparing to announce about $5B in new spending on top of $5B already earmarked this year,
* MU - Upgrades to Overweight from Equalweight, Raises PT to $220 from $160. while MU has outperformed, we see more room to run as upward revisions continue (DDR5 spot pricing already up 15% since MU guided) and sentiment (primarily due to HBM concerns) is not yet universally positive.With anecdotes about DDR5 server pricing up double digits in Q4 and at least that much in Q1, we think our current estimates are likely to prove even more conservative than we thought just last week
* BA - is telling suppliers it may lift 737 MAX output to 42 jets a month as soon as October, with further hikes planned for April and late 2026 that could reach 53 monthly.
OTHER NEWS:
* WHITE HOUSE'S HASSETT SAYS LAYOFFS WILL START IF TRUMP DECIDES SHUTDOWN NEGOTIATIONS ARE GOING NOWHERE
* Citi expects AI demand to require 55 GW of new compute capacity worldwide by 2030, driving $2.8 Trillion in spending. The U.S. alone is expected to add 30 GW and account for $1.4T of that investment.