First Squawk
Financial Audio News Service
Uber Q3 2026 Earnings ... Sees About 700 Fully Driverless Vehicles By Year-End ... Sees Over 2,000 Fully Driverless Vehicles In 2027 ... Expects Further Driverless Deployments With Avride In 2027
x.comChallenges
Uber's planned driverless fleet expansion shows another route to network scale through vehicle partnerships, challenging the premise that Tesla's manufacturing advantage will translate into a much larger network.
The Transcript
Weekly Earnings-Call Quotes Newsletter
Alphabet CEO on Waymo: "We have now driven 300M+ fully autonomous miles. Waymo now operates in 15 major U.S. cities, and just recently opened up service to the public in San Antonio, San Diego, and Tampa with planned expansions into Canada, Germany, Singapore, and Spain"
x.comChallenges
Waymo's operating scale and new public service in three cities strengthen competition for the riders and utilization Tesla needs to earn high lifetime profits per Cybercab.
Liz Ann Sonders
Chief Investment Strategist at Charles Schwab
For all the forward-looking concern about fate of data centers, reality is already with us: data center project cancellations in 3Q alone were almost larger than entirety of 2025 and 2024 combined @BairdStrategas
x.comChallenges
The reported jump in data-center cancellations raises the risk that planned infrastructure demand will not translate into the memory purchases supporting 2027 profits.
Jukan
Semiconductor & AI Infrastructure Research at Citrini
And even if the broader market falls further from here, the three DRAM makers will keep buying back their own shares. I thought that would guarantee a certain level of buying and concluded the stocks would have downside support.
x.comSupports
Expected continued repurchases by the three DRAM makers support the view that capital returns can underpin their shares, through a recurring source of buying even in a weaker market.
Arista Networks, Inc.
Provider of cloud networking solutions for data centers, campuses and routing environments
So we think the world is going to remain in a very majority fashion on pluggable optics. ... We think they'll come on to the market in the 28 to 30 timeframe. It's not imminent. But meanwhile, long lived pluggable optics.
Supports
Continued dominance of pluggable optics supports the runway for Marvell's 800G and 1.6T DSPs, with Arista expecting competing co-packaged optics to reach the market in 2028–30.
Heath Terry
Global Head of Technology & Communications Research at Citi
What we've seen a lot of this year is these Q4 projects that were expected to get done by December are now Q2, Q3 projects for next year. ... So you're seeing spot markets show softness because of that. And you're seeing companies that were expected to be able to turn that revenu…
Challenges
Projects slipping from December into Q2–Q3 next year defer revenue and soften spot markets, increasing timing risk for the infrastructure ramp behind Marvell's custom-silicon and optical demand.
Jeff Pu
Technology Equity Analyst at GF Securities
Continue to see muted iPhone 18 Pro/Pro Max cycle + constrained iPhone Duo volume (EMS build ~6.5m by end-2026; mainstream 18 P/PM ~74.5m).
x.comChallenges
A muted Pro-cycle outlook and estimated Duo builds of only about 6.5 million by year-end challenge the expected scale of the new-model upgrade catalyst.
Anurag Rana
Senior Technology Analyst at Bloomberg Intelligence
The Duo was not included in the results that came out yesterday, but it is in the guidance for next quarter, which is total revenue growth of 7% to 10%. Going into the quarter, consensus was at 6% growth. So this is a very strong guidance, especially remember, they have raised ra…
Supports
The Duo's exclusion from reported results and inclusion in above-consensus December guidance support the case that the foldable adds a new revenue contribution as the upgrade cycle progresses.
Reuters
Global News Agency
But in gubernatorial races in Texas and Georgia, Democrats who campaigned in part on a moratorium on data centre development won offices that the party had not held for decades.
tradingview.comChallenges
Victories by candidates who campaigned on data-center moratoriums raise the risk of construction restrictions, giving election concerns a concrete route to delaying AI capacity and returns on investment.
Martin Casado
General Partner at Andreessen Horowitz leading its infrastructure practice
We're running out of available debt. ... Scale will win and then it'll be a harder time raising debt. If your business model requires you to raise debt, there's just not enough debt to go out.
traffic.megaphone.fmSupports
Limited debt availability reinforces the thesis’s financing risk: infrastructure providers that depend on repeated borrowing could struggle to fund continued expansion.
