Mark Mahaney described tech stocks as dislocated high-quality companies, emphasizing that they present opportunities as narratives shift, particularly around Amazon's AI capabilities.
Ongoing conflict in the Middle East continues to disrupt global markets and oil prices, adding a persistent layer of uncertainty for UK firms. This geopolitical instability is driving higher cost pressures and intensifying concerns around supply chains and energy security, all of which are critical factors in strategic business decision making.
IREN Ltd (NASDAQ:IREN) reports Fiscal Q2 2026 earnings after market close today at 4:00 PM ET. The stock has been on a wild ride, up 273% over the past year but down 31% in the past week heading into the print. The company's transformation from pure Bitcoin miner to AI cloud infrastructure provider is the story investors are watching. IREN landed a $9.7 billion Microsoft contract for GPU deployments, targeting $1.9 billion in annual recurring revenue from that relationship alone.
Infrastructure Solutions Group revenue grew 73% to $19.6 billion, the clearest sign yet that AI server demand is moving from backlog to billings. Management issued a bullish FY27 outlook. Dell also disclosed a $43 billion AI server backlog, providing concrete visibility into next year's ramp.
Meta Platforms is gearing up to report its fourth-quarter results and all eyes are on its ambitious AI plans, specifically its outlook for more capex spending in the coming year.
