GE Vernova - Shreveport Expansion to Increase Transformer Production, Full Capacity in 2028
72/100·B+Long
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meme11/7meme
Some industry commentary regarding a few claims recently on memory + Softbank Turbine defaulting.
- On claims that LTAs are "meaningless while prices fall":
$MU: "strategic customer agreements cannot be unilaterally canceled. Customers are obligated to pay for their committed volumes whether they take delivery or not"
"These are take or pay agreements and there are no contractual outs for our customers from these agreements"
Regarding historical contracts breaking: "These LTAs that we used to have never had any binding terms." The new SCAs contain extensive contractual obligations
Regarding Elon's claims on Softbank defaulting on Turbines:
Question from Morgan Stanley to $GE Vernova CEO on whether they see cancellations or financing difficulties with counterparties on their turbine orders:
“No… we are not”
TLDR:
- Micron states LTAs/SCAs are noncancellable take/pay (where counterparties are hyperscalers). And that these types are different from historical memory cancellations.
- On Softbank turbine orders, GE Vernova CEO Scott Strazik said it wasn't seeing customer financing disruptions, requests to exit turbine reservations, or slowdowns.
Maybe Elon's claims are more narrow, but should be evaluated more closely given competitive interests vs. Softbank/OpenAI.
72/100·B+Long+6
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meme11/7meme
It’s sad to see X and media turn so extremely negative
That there’s now arguments made for “Take or Pay” noncancellable memory LTAs being cancelled.
$MU: “strategic customer agreements cannot be unilaterally canceled.
Customers are obligated to pay for their committed volumes whether they take delivery or not.”
When talking about breaking LTAs from previous historical events: “These LTAs never had any binding terms.”
Then there’s TMZ style coverage on $NVDA CEO relationships
To misleading cancellations between $MSFT and $ORCL when they were from 2023…
Every single day now from the media.
Elon Musk posting something negative about Neoclouds to the Korean/Japanese memory companies doesn’t help either.
Even today there’s something about SoftBank defaulting:
$GE Vernova CEO on whether they see cancellations + financing difficulties on counterparties or turbine orders
“No… we are not”
Maybe there’s some non-public info not released yet? But I found find it strange that an OpenAI competitor would disclose this
I’m personally fine with the volatility, and it’s fine if people have bearish arguments.
But the level of misleading commentary or unsubstantiated accusations has hit a record level.
And when you see the damage this causes to individuals lives in Japan to Korea to Taiwan.
It’s very sad to see.
Quoted @PolarisLog: 어떤 이는 메모리 사이클이 끝났다고 한다.
이제 메모리 회사들이 장기 계약도 해지당할 거란다.
이 논리의 핵심은 메모리 가격이 떨어진다는 거다.
이 논리를 펼치는 사람 중 하나는 TSMC가 디램을 만들어서 메모리 회사들이 망한단다.
TSMC가 메모리를 만드는 건 그만큼 돈이 되기 때문이다.
이 논리의 핵심은 메모리 가격이 안 떨어진다는 거다.
두 논리가 충돌한다. 어지럽다.
72/100·B+Long+14
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news11/6news
GE Vernova : Chosen by Powergrid Corporation of India to Deliver 6 Gw Hvdc Transmission Corridor(Historical earnings: For 2026Q3, reported EPS was 4.81 versus a consensus of 4.0125, and revenue was USD 12.642 billion versus a consensus of USD 12.005 billion.
Consensus expectations: Consensus for 2026Q4 expects EPS of 6.44 and revenue of USD 13.963 billion.)
78/100·ALong+1
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meme11/4meme
Premarket movers
Mag 7 stocks are mostly higher: Amazon (AMZN) +3%, Meta Platforms (META) +0.8%, Microsoft (MSFT) +1.9%, Nvidia (NVDA) -0.1%, Alphabet (GOOGL) +0.9%, Apple (AAPL) +1.5% while Elon Musk’s Tesla (TSLA) falls 5% as election results sharpen investor concern over the future of the Republican megadonor’s key holdings. SpaceX (SPCX), while not a member of the Magnificent Seven, drops 6%, as election results sharpen investor concern over the future of the Republican megadonor’s key holdings.
Most data center and cloud computing stocks slip after Democrats made strong gains in midterm elections, clinching control of both chambers of Congress. Gina Hinojosa is set to become Texas governor after a state-level race that Bank of America strategists had described as a “referendum on affordability versus AI data centers.” CoreWeave (CRWV), Equinix (EQIX), GE Vernova (GEV) and Oracle (ORCL) are among the decliners, while other AI-linked names are broadly higher
Solar, defense and healthcare stocks are also moving on election results.
Advanced Micro Devices Inc. (AMD) gains 1% after the chipmaker gave a sales forecast that soared past analysts’ projections, a sign of buoyant demand for data center processors.
Amdocs (DOX) plummets 38% after the IT services company’s outlook came in weaker than expected, reflecting a dispute with T-Mobile.
Array Technologies (ARRY) gains 9% after agring to combine with Shoals Technologies (SHLS).
Block (XYZ) rises 10% after the payments company reported third-quarter earnings and revenue that inched past analysts’ expectations.
CVS Health (CVS) slips 2% after the health insurer said it plans to spin off its retail pharmacy business.
Duolingo (DUOL) rises 19% after the language-learning software company raised its full-year revenue and adjusted Ebitda outlook above consensus expectations.
Flywire (FLYW) gains 7% after the payments software company’s third-quarter results beat expectations and it gave an outlook that is seen as positive.
Freshworks (FRSH) falls 9% after the software company’s outlook was seen as underwhelming. The company also reported third-quarter results in line with expectations, below its historical pattern of greater upside.
Navitas Semiconductor (NVTS) gains 14% after the chipmaker’s results and forecast beat expectations, prompting Rosenblatt Securities to upgrade the stock.
Procore Technologies (PCOR) climbs 12% after the construction management software provider reported third-quarter revenue that topped Wall Street’s consensus.
Skyworks (SWKS) slumps 10% after the company’s first-quarter revenue forecast missed the consensus estimates.
Spyre Therapeutics (SYRE) falls 4% after the biotech said it does not plan to advance SPY072 in rheumatic diseases.
Super Micro (SMCI) climbs 2% after the maker of servers forecast net sales for the second quarter that beat the average analyst estimate.(Historical earnings: For fiscal 2026Q2 (period ended 2026-06-30), SpaceX reported basic and diluted EPS of -1.12, net loss of USD 4.817 billion, and revenue of USD 12.508 billion.
Consensus expectations: For the upcoming 2026Q3 event, consensus EPS estimate is 0.1361 and revenue estimate is USD 12.975 billion.)
72/100·B+Short+29
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news11/4news
THE BLOCK: Three more companies — Apple, Home Depot, and GE Vernova — have joined the list of firms that oppose the tokenized trading of their shares on OKXICE. The number of objecting firms has risen to 59.