Moljuurtei Research
Deep-dive analysis, trade ideas, and portfolio strategy — from the alert tape.
IBM мөнгөн урсгалын төлөвөө ахиулав; зөвлөх үйлчилгээ зогсонги
IBM-ийн 3-р улирлын чөлөөт мөнгөн урсгал $3.0 тэрбум хүрч, 2026 оны өсөлтийн төлөв $1 тэрбумаас давлаа. Гэхдээ $5.3 тэрбумын зөвлөх үйлчилгээний орлого тайлант ханшаар өссөнгүй; программ хангамжийн өсөлт нийт үр дүнг түшив.
Meta-ийн орлого 26% өсөв, чөлөөт мөнгөн урсгал нь сөрөг болов
Сурталчилгааны орлого өссөн ч AI-ийн дэд бүтцийн хөрөнгө оруулалт улирлын чөлөөт мөнгөн урсгалыг −$2.12 тэрбум болголоо. Meta оны capex төлөвийн доод хязгаарыг $135 тэрбум болгож, саналын эрхгүй хувьцааны шинэ ангиллыг ирэх нэгдүгээр сард гаргахаар төлөвлөв.
$TTMI Deep Dive — The Board Under the AI Chip · N+M boards and the fourth quarter the guide implies
Data cut-off: This October 9 research uses [TTM's Q2 release](https://investors.ttm.com/news-events/press-releases/detail/411/ttm-technologies-inc-reports-second-quarter-2026-results) and its [September 30 Epiq closing a
$YOU Deep Dive — Proven humans in an age of agents · Q3 print 5 November
$YOU sells a five-second walk past the airport ID check to 8.33 million paying members, and turned that into $374.5M of free cash flow in the first half of 2026. The AI-agent story attached to the stock this month rests
$CIEN Deep Dive — AI outgrew the building, and Ciena sells the road between buildings · $10B backlog into the December print
A training run that no longer fits inside one data center has to be stitched across several, and the only thing that can stitch two buildings 100 kilometres apart into one machine is a strand of glass carrying laser ligh
$CRDO Deep Dive — Reliability becomes the product: from copper cable to the optical link · Q2 FY27 print ~1 December
$CRDO built a $1.3 billion business by making a copper cable that does not fail, and it is now selling the same idea in light. Management raised the fiscal 2027 outlook to more than 85% growth on 1 September, guided more
$BFLY Deep Dive — Butterfly Put Ultrasound on a Chip; Now Other Companies Are Building on It
Butterfly Network sells a handheld ultrasound probe that plugs into a phone. That much has been true since 2018, and for most of the time since, the stock treated it as a medical-device company that grew slowly and lost